BREAKFAST MANAGEMENT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BREAKFAST MANAGEMENT
Largest movements
- Tangible fixed assets -€25,735
down €25,735 (-17.5%), from €147,030 to €121,295
of which Plant, machinery and equipment: -€109,356
- Cash +€24,362
new in 2025: €24,362
mainly Depreciation (+€26,626) and Tax, wage and social debts (+€10,537)
- Receivables within one year +€10,681
up €10,681 (+313%), from €3,410 to €14,091
of which Trade receivables: +€14,091
- Current investments -€6,191
no longer reported in 2025 (was €6,191)
- Deferred charges and accrued income +€3,747
up €3,747 (+202%), from €1,856 to €5,603
- Debts after one year -€12,223
down €12,223 (-16.1%), from €75,961 to €63,738
- Tax, wage and social debts +€10,537
up €10,537 (+97.6%), from €10,794 to €21,331
- Reserves +€5,740
up €5,740 (+10.7%), from €53,410 to €59,150
of which Distributable reserves: +€5,740
- Profit (loss) carried forward +€1,870
up €1,870, from -€1,804 to €66
- Gross operating margin -€13,520
down €13,520 (-22.5%), from €60,120 to €46,600
- Financial charges -€3,168
down €3,168 (-44.5%), from €7,123 to €3,955
- Other operating charges -€2,079
down €2,079 (-46.3%), from €4,491 to €2,412
- Taxes -€1,222
down €1,222 (-16.9%), from €7,219 to €5,997
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,487 | €165,351 | +€6,864 | +4.3% |
| Fixed assets | 21/28 | €147,030 | €121,295 | -€25,735 | -17.5% |
| Tangible fixed assets | 22/27 | €147,030 | €121,295 | -€25,735 | -17.5% |
| Land and buildings | 22 | €8,820 | €106,463 | +€97,643 | +1,107% |
| Plant, machinery and equipment | 23 | €110,243 | €887 | -€109,356 | -99.2% |
| Furniture and vehicles | 24 | €27,967 | €13,945 | -€14,022 | -50.1% |
| Current assets | 29/58 | €11,457 | €44,056 | +€32,599 | +285% |
| Amounts receivable within one year | 40/41 | €3,410 | €14,091 | +€10,681 | +313% |
| Trade receivables | 40 | - | €14,091 | +€14,091 | |
| Other amounts receivable | 41 | €3,410 | - | -€3,410 | |
| Current investments | 50/53 | €6,191 | - | -€6,191 | |
| Cash at bank and in hand | 54/58 | - | €24,362 | +€24,362 | |
| Deferred charges and accrued income | 490/1 | €1,856 | €5,603 | +€3,747 | +202% |
| Total equity and liabilities | 10/49 | €158,487 | €165,351 | +€6,864 | +4.3% |
| Equity | 10/15 | €57,806 | €65,416 | +€7,610 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,410 | €59,150 | +€5,740 | +10.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,550 | €57,290 | +€5,740 | +11.1% |
| Profit (loss) carried forward | 14 | -€1,804 | €66 | +€1,870 | |
| Amounts payable | 17/49 | €100,681 | €99,935 | -€746 | -0.7% |
| Amounts payable after more than one year | 17 | €75,961 | €63,738 | -€12,223 | -16.1% |
| Financial debts | 170/4 | €75,961 | €63,738 | -€12,223 | -16.1% |
| Amounts payable within one year | 42/48 | €24,720 | €36,197 | +€11,477 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €12,682 | €12,222 | -€460 | -3.6% |
| Trade debts | 44 | €1,244 | €1,934 | +€690 | +55.5% |
| Suppliers | 440/4 | €1,244 | €1,934 | +€690 | +55.5% |
| Taxes, remuneration and social security | 45 | €10,794 | €21,331 | +€10,537 | +97.6% |
| Taxes | 450/3 | €10,794 | €21,331 | +€10,537 | +97.6% |
| Other amounts payable | 47/48 | - | €710 | +€710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,656 | €26,626 | -€30 | -0.1% |
| Other operating charges | 640/8 | €4,491 | €2,412 | -€2,079 | -46.3% |
| Gross operating margin | 9900 | €60,120 | €46,600 | -€13,520 | -22.5% |
| Operating profit (loss) | 9901 | €28,973 | €17,562 | -€11,411 | -39.4% |
| Financial income | 75/76B | €165 | - | -€165 | |
| Recurring financial income | 75 | €165 | - | -€165 | |
| Financial charges | 65/66B | €7,123 | €3,955 | -€3,168 | -44.5% |
| Recurring financial charges | 65 | €7,123 | €3,955 | -€3,168 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €22,015 | €13,607 | -€8,408 | -38.2% |
| Income taxes | 67/77 | €7,219 | €5,997 | -€1,222 | -16.9% |
| Profit (loss) for the period | 9904 | €14,796 | €7,610 | -€7,186 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,796 | €7,610 | -€7,186 | -48.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.