Breccie: 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.
Breccie
Largest movements
- Tangible fixed assets +€328,894
up €328,894 (+24.8%), from €1.3m to €1.7m
of which Land and buildings: +€364,111
- Receivables within one year -€55,389
down €55,389 (-56.0%), from €98,871 to €43,483
of which Trade receivables: -€33,641
- Cash +€35,959
up €35,959 (+66.6%), from €54,003 to €89,962
mainly Debts after one year (+€251,012) and Depreciation (+€206,773)
- Debts after one year +€251,012
up €251,012 (+27.9%), from €900,562 to €1.2m
- Reserves +€41,011
up €41,011 (+9.9%), from €413,758 to €454,769
- Current portion of long-term debt +€20,221
up €20,221 (+13.6%), from €148,919 to €169,140
- Gross operating margin -€34,813
down €34,813 (-5.3%), from €657,575 to €622,762
- Staff costs -€30,754
down €30,754 (-9.5%), from €325,010 to €294,256
- Depreciation +€23,342
up €23,342 (+12.7%), from €183,431 to €206,773
- Taxes -€8,388
down €8,388 (-30.2%), from €27,731 to €19,344
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 | €1,704,666 | €2,004,881 | +€300,215 | +17.6% |
| Fixed assets | 21/28 | €1,327,956 | €1,656,849 | +€328,894 | +24.8% |
| Tangible fixed assets | 22/27 | €1,326,821 | €1,655,714 | +€328,894 | +24.8% |
| Land and buildings | 22 | €783,533 | €1,147,645 | +€364,111 | +46.5% |
| Plant, machinery and equipment | 23 | €312,731 | €264,727 | -€48,003 | -15.3% |
| Furniture and vehicles | 24 | €20,629 | €6,335 | -€14,294 | -69.3% |
| Leasing and similar rights | 25 | €209,928 | €237,008 | +€27,080 | +12.9% |
| Financial fixed assets | 28 | €1,135 | €1,135 | = | 0.0% |
| Current assets | 29/58 | €376,711 | €348,032 | -€28,679 | -7.6% |
| Stocks and contracts in progress | 3 | €210,254 | €198,830 | -€11,425 | -5.4% |
| Stocks | 30/36 | €202,212 | €193,132 | -€9,080 | -4.5% |
| Contracts in progress | 37 | €8,042 | €5,697 | -€2,345 | -29.2% |
| Amounts receivable within one year | 40/41 | €98,871 | €43,483 | -€55,389 | -56.0% |
| Trade receivables | 40 | €75,660 | €42,018 | -€33,641 | -44.5% |
| Other amounts receivable | 41 | €23,212 | €1,464 | -€21,747 | -93.7% |
| Cash at bank and in hand | 54/58 | €54,003 | €89,962 | +€35,959 | +66.6% |
| Deferred charges and accrued income | 490/1 | €13,582 | €15,757 | +€2,175 | +16.0% |
| Total equity and liabilities | 10/49 | €1,704,666 | €2,004,881 | +€300,215 | +17.6% |
| Equity | 10/15 | €543,758 | €584,769 | +€41,011 | +7.5% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €413,758 | €454,769 | +€41,011 | +9.9% |
| Distributable reserves | 133 | €413,758 | €454,769 | +€41,011 | +9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,160,908 | €1,420,112 | +€259,204 | +22.3% |
| Amounts payable after more than one year | 17 | €900,562 | €1,151,574 | +€251,012 | +27.9% |
| Financial debts | 170/4 | €900,562 | €1,151,574 | +€251,012 | +27.9% |
| Amounts payable within one year | 42/48 | €254,775 | €263,814 | +€9,038 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €148,919 | €169,140 | +€20,221 | +13.6% |
| Trade debts | 44 | €34,202 | €24,318 | -€9,884 | -28.9% |
| Suppliers | 440/4 | €34,202 | €24,318 | -€9,884 | -28.9% |
| Taxes, remuneration and social security | 45 | €31,329 | €36,408 | +€5,079 | +16.2% |
| Taxes | 450/3 | €25,548 | €28,837 | +€3,289 | +12.9% |
| Remuneration and social security | 454/9 | €5,782 | €7,571 | +€1,789 | +31.0% |
| Other amounts payable | 47/48 | €40,325 | €33,948 | -€6,377 | -15.8% |
| Accrued charges and deferred income | 492/3 | €5,571 | €4,724 | -€847 | -15.2% |
| Non-recurring operating income | 76A | €0 | €1,344 | +€1,344 | |
| Remuneration, social security and pensions | 62 | €325,010 | €294,256 | -€30,754 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,431 | €206,773 | +€23,342 | +12.7% |
| Other operating charges | 640/8 | €18,345 | €20,303 | +€1,958 | +10.7% |
| Non-recurring operating charges | 66A | - | €4,568 | +€4,568 | |
| Gross operating margin | 9900 | €657,575 | €622,762 | -€34,813 | -5.3% |
| Operating profit (loss) | 9901 | €130,789 | €96,862 | -€33,927 | -25.9% |
| Financial income | 75/76B | €8,011 | €7,065 | -€945 | -11.8% |
| Recurring financial income | 75 | €8,011 | €7,065 | -€945 | -11.8% |
| Financial charges | 65/66B | €36,251 | €41,853 | +€5,602 | +15.5% |
| Recurring financial charges | 65 | €36,251 | €41,853 | +€5,602 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €102,549 | €62,074 | -€40,475 | -39.5% |
| Income taxes | 67/77 | €27,731 | €19,344 | -€8,388 | -30.2% |
| Profit (loss) for the period | 9904 | €74,818 | €42,731 | -€32,087 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,818 | €42,731 | -€32,087 | -42.9% |
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 24 October 2026 via checked.be.