Brede 21: 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.
Brede 21
Largest movements
- Stocks and contracts +€205,246
up €205,246 (+16.6%), from €1.2m to €1.4m
- Other debts +€232,100
up €232,100 (+92.1%), from €252,000 to €484,100
- Other operating charges -€12,699
down €12,699 (-99.0%), from €12,823 to €124
- Financial income -€8,437
no longer reported in 2025 (was €8,437)
of which Financial income: -€8,437
- Gross operating margin +€5,470
up €5,470 (+34.9%), from -€15,687 to -€10,217
- Financial charges -€689
down €689 (-81.0%), from €851 to €162
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,250,730 | €1,484,279 | +€233,549 | +18.7% |
| Current assets | 29/58 | €1,250,730 | €1,484,279 | +€233,549 | +18.7% |
| Stocks and contracts in progress | 3 | €1,238,162 | €1,443,408 | +€205,246 | +16.6% |
| Stocks | 30/36 | €1,238,162 | €1,443,408 | +€205,246 | +16.6% |
| Amounts receivable within one year | 40/41 | €9,736 | €24,176 | +€14,440 | +148.3% |
| Other amounts receivable | 41 | €9,736 | €24,176 | +€14,440 | +148.3% |
| Current investments | 50/53 | €2,832 | €16,695 | +€13,863 | +489.6% |
| Total equity and liabilities | 10/49 | €1,250,730 | €1,484,279 | +€233,549 | +18.7% |
| Equity | 10/15 | €647,829 | €637,326 | -€10,503 | -1.6% |
| Contributions | 10/11 | €795,000 | €795,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,171 | -€159,674 | -€10,503 | -7.0% |
| Amounts payable | 17/49 | €602,900 | €846,953 | +€244,053 | +40.5% |
| Amounts payable within one year | 42/48 | €602,900 | €846,953 | +€244,053 | +40.5% |
| Financial debts | 43 | €350,000 | €350,000 | = | 0.0% |
| Credit institutions | 430/8 | €350,000 | €350,000 | = | 0.0% |
| Trade debts | 44 | €900 | €12,853 | +€11,953 | +1327.6% |
| Suppliers | 440/4 | €900 | €12,853 | +€11,953 | +1327.6% |
| Other amounts payable | 47/48 | €252,000 | €484,100 | +€232,100 | +92.1% |
| Non-recurring operating income | 76A | €3,712 | - | -€3,712 | |
| Other operating charges | 640/8 | €12,823 | €124 | -€12,699 | -99.0% |
| Gross operating margin | 9900 | -€15,687 | -€10,217 | +€5,470 | +34.9% |
| Operating profit (loss) | 9901 | -€28,510 | -€10,341 | +€18,169 | +63.7% |
| Financial income | 75/76B | €8,437 | - | -€8,437 | |
| Recurring financial income | 75 | €8,437 | - | -€8,437 | |
| Non-recurring financial income | 76B | €8,437 | - | -€8,437 | |
| Financial charges | 65/66B | €851 | €162 | -€689 | -81.0% |
| Recurring financial charges | 65 | €851 | €162 | -€689 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,924 | -€10,503 | +€10,421 | +49.8% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€20,924 | -€10,503 | +€10,421 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,924 | -€10,503 | +€10,421 | +49.8% |
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 2 October 2026 via checked.be.