BREAZE: what changed
Two fiscal 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.
BREAZE
Largest movements
- Cash +€13,072
up €13,072 (+28.8%), from €45,449 to €58,521
mainly Net result for the year (+€42,037) and Depreciation (+€11,998)
- Receivables within one year +€8,602
up €8,602 (+32.6%), from €26,404 to €35,006
of which Trade receivables: +€7,183
- Tangible fixed assets -€1,886
down €1,886 (-4.6%), from €40,842 to €38,957
of which Furniture and vehicles: -€5,398
- Reserves +€42,037
up €42,037 (+107.6%), from €39,059 to €81,096
- Other debts -€10,555
no longer reported in 2025 (was €10,555)
- Debts after one year -€9,721
down €9,721 (-35.7%), from €27,225 to €17,504
- Current portion of long-term debt -€2,482
down €2,482 (-20.3%), from €12,203 to €9,721
- Tax, wage and social debts -€2,253
down €2,253 (-30.0%), from €7,499 to €5,246
- Taxes -€3,869
down €3,869 (-18.7%), from €20,696 to €16,827
- Other operating charges +€1,907
up €1,907 (+111.2%), from €1,715 to €3,622
- Depreciation +€1,723
up €1,723 (+16.8%), from €10,275 to €11,998
- Gross operating margin +€1,456
up €1,456 (+2.0%), from €74,341 to €75,797
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.
Cash bridge derived
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 | €113,952 | €132,955 | +€19,003 | +16.7% |
| Fixed assets | 21/28 | €41,992 | €38,957 | -€3,036 | -7.2% |
| Tangible fixed assets | 22/27 | €40,842 | €38,957 | -€1,886 | -4.6% |
| Furniture and vehicles | 24 | €40,842 | €35,444 | -€5,398 | -13.2% |
| Other tangible fixed assets | 26 | - | €3,513 | +€3,513 | |
| Financial fixed assets | 28 | €1,150 | - | -€1,150 | |
| Current assets | 29/58 | €71,959 | €93,998 | +€22,039 | +30.6% |
| Amounts receivable within one year | 40/41 | €26,404 | €35,006 | +€8,602 | +32.6% |
| Trade receivables | 40 | €26,404 | €33,587 | +€7,183 | +27.2% |
| Other amounts receivable | 41 | - | €1,419 | +€1,419 | |
| Cash at bank and in hand | 54/58 | €45,449 | €58,521 | +€13,072 | +28.8% |
| Deferred charges and accrued income | 490/1 | €107 | €472 | +€365 | +341.9% |
| Total equity and liabilities | 10/49 | €113,952 | €132,955 | +€19,003 | +16.7% |
| Equity | 10/15 | €56,469 | €98,507 | +€42,037 | +74.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €39,059 | €81,096 | +€42,037 | +107.6% |
| Distributable reserves | 133 | €39,059 | €81,096 | +€42,037 | +107.6% |
| Profit (loss) carried forward | 14 | €2,410 | €2,410 | = | 0.0% |
| Amounts payable | 17/49 | €57,482 | €34,448 | -€23,034 | -40.1% |
| Amounts payable after more than one year | 17 | €27,225 | €17,504 | -€9,721 | -35.7% |
| Financial debts | 170/4 | €27,225 | €17,504 | -€9,721 | -35.7% |
| Amounts payable within one year | 42/48 | €30,257 | €16,944 | -€13,313 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €12,203 | €9,721 | -€2,482 | -20.3% |
| Trade debts | 44 | - | €1,977 | +€1,977 | |
| Suppliers | 440/4 | - | €1,977 | +€1,977 | |
| Taxes, remuneration and social security | 45 | €7,499 | €5,246 | -€2,253 | -30.0% |
| Taxes | 450/3 | €7,499 | €5,246 | -€2,253 | -30.0% |
| Other amounts payable | 47/48 | €10,555 | - | -€10,555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,275 | €11,998 | +€1,723 | +16.8% |
| Other operating charges | 640/8 | €1,715 | €3,622 | +€1,907 | +111.2% |
| Gross operating margin | 9900 | €74,341 | €75,797 | +€1,456 | +2.0% |
| Operating profit (loss) | 9901 | €62,351 | €60,177 | -€2,174 | -3.5% |
| Financial income | 75/76B | €30 | €35 | +€5 | +17.2% |
| Recurring financial income | 75 | €30 | €35 | +€5 | +17.2% |
| Financial charges | 65/66B | €1,646 | €1,348 | -€298 | -18.1% |
| Recurring financial charges | 65 | €1,646 | €1,348 | -€298 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €60,735 | €58,864 | -€1,871 | -3.1% |
| Income taxes | 67/77 | €20,696 | €16,827 | -€3,869 | -18.7% |
| Profit (loss) for the period | 9904 | €40,039 | €42,037 | +€1,998 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,039 | €42,037 | +€1,998 | +5.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.