BRED.IT: 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.
BRED.IT
Largest movements
- Tangible fixed assets -€13,733
down €13,733 (-11.7%), from €117,829 to €104,095
of which Leasing and similar rights: -€9,333
- Current investments -€13,142
down €13,142 (-47.1%), from €27,876 to €14,734
- Cash +€10,891
up €10,891 (+15.0%), from €72,568 to €83,459
mainly Other debts (+€40,858) and Net result for the year (+€26,893)
- Receivables within one year +€9,220
up €9,220 (+27.5%), from €33,560 to €42,780
of which Trade receivables: +€7,669
- Other debts +€40,858
up €40,858 (+219%), from €18,642 to €59,500
- Reserves -€31,000
down €31,000 (-24.5%), from €126,500 to €95,500
- Debts after one year -€8,106
down €8,106 (-11.5%), from €70,756 to €62,650
- Trade debts +€6,257
up €6,257 (+241%), from €2,600 to €8,857
- Tax, wage and social debts -€5,937
down €5,937 (-52.1%), from €11,406 to €5,469
of which Taxes: -€6,959
- Gross operating margin +€4,902
up €4,902 (+9.1%), from €54,160 to €59,062
- Financial income +€1,847
up €1,847 (+172%), from €1,072 to €2,919
- Depreciation +€1,321
up €1,321 (+7.0%), from €18,737 to €20,058
- Taxes +€1,135
up €1,135 (+11.4%), from €9,996 to €11,131
- Financial charges +€969
up €969 (+50.9%), from €1,901 to €2,870
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 | €253,653 | €249,494 | -€4,159 | -1.6% |
| Fixed assets | 21/28 | €117,829 | €104,095 | -€13,733 | -11.7% |
| Tangible fixed assets | 22/27 | €117,829 | €104,095 | -€13,733 | -11.7% |
| Land and buildings | 22 | €87,991 | €83,930 | -€4,061 | -4.6% |
| Plant, machinery and equipment | 23 | €9,589 | €9,741 | +€152 | +1.6% |
| Furniture and vehicles | 24 | €8,462 | €7,970 | -€492 | -5.8% |
| Leasing and similar rights | 25 | €11,788 | €2,455 | -€9,333 | -79.2% |
| Current assets | 29/58 | €135,824 | €145,398 | +€9,574 | +7.0% |
| Stocks and contracts in progress | 3 | - | €2,434 | +€2,434 | |
| Stocks | 30/36 | - | €2,434 | +€2,434 | |
| Amounts receivable within one year | 40/41 | €33,560 | €42,780 | +€9,220 | +27.5% |
| Trade receivables | 40 | €33,506 | €41,175 | +€7,669 | +22.9% |
| Other amounts receivable | 41 | €54 | €1,605 | +€1,552 | +2,880% |
| Current investments | 50/53 | €27,876 | €14,734 | -€13,142 | -47.1% |
| Cash at bank and in hand | 54/58 | €72,568 | €83,459 | +€10,891 | +15.0% |
| Deferred charges and accrued income | 490/1 | €1,820 | €1,991 | +€171 | +9.4% |
| Total equity and liabilities | 10/49 | €253,653 | €249,494 | -€4,159 | -1.6% |
| Equity | 10/15 | €136,357 | €103,750 | -€32,607 | -23.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €126,500 | €95,500 | -€31,000 | -24.5% |
| Distributable reserves | 133 | €126,500 | €95,500 | -€31,000 | -24.5% |
| Profit (loss) carried forward | 14 | €3,657 | €2,050 | -€1,607 | -43.9% |
| Amounts payable | 17/49 | €117,295 | €145,744 | +€28,448 | +24.3% |
| Amounts payable after more than one year | 17 | €70,756 | €62,650 | -€8,106 | -11.5% |
| Financial debts | 170/4 | €70,756 | €62,650 | -€8,106 | -11.5% |
| Amounts payable within one year | 42/48 | €45,773 | €82,323 | +€36,550 | +79.9% |
| Current portion of amounts payable after more than one year | 42 | €13,012 | €8,498 | -€4,514 | -34.7% |
| Trade debts | 44 | €2,600 | €8,857 | +€6,257 | +241% |
| Suppliers | 440/4 | €2,600 | €8,857 | +€6,257 | +241% |
| Advances received on contracts in progress | 46 | €114 | - | -€114 | |
| Taxes, remuneration and social security | 45 | €11,406 | €5,469 | -€5,937 | -52.1% |
| Taxes | 450/3 | €8,928 | €1,969 | -€6,959 | -78.0% |
| Remuneration and social security | 454/9 | €2,478 | €3,500 | +€1,022 | +41.2% |
| Other amounts payable | 47/48 | €18,642 | €59,500 | +€40,858 | +219% |
| Accrued charges and deferred income | 492/3 | €767 | €771 | +€4 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,737 | €20,058 | +€1,321 | +7.0% |
| Other operating charges | 640/8 | €1,420 | €1,030 | -€391 | -27.5% |
| Gross operating margin | 9900 | €54,160 | €59,062 | +€4,902 | +9.1% |
| Operating profit (loss) | 9901 | €34,003 | €37,975 | +€3,972 | +11.7% |
| Financial income | 75/76B | €1,072 | €2,919 | +€1,847 | +172% |
| Recurring financial income | 75 | €1,072 | €2,919 | +€1,847 | +172% |
| Financial charges | 65/66B | €1,901 | €2,870 | +€969 | +50.9% |
| Recurring financial charges | 65 | €1,901 | €2,870 | +€969 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €33,173 | €38,024 | +€4,851 | +14.6% |
| Income taxes | 67/77 | €9,996 | €11,131 | +€1,135 | +11.4% |
| Profit (loss) for the period | 9904 | €23,177 | €26,893 | +€3,716 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,177 | €26,893 | +€3,716 | +16.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.