BREDHO: 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.
BREDHO
Largest movements
- Cash -€10,165
down €10,165 (-33.8%), from €30,055 to €19,890
mainly Short-term financial debts (-€32,112) and Other debts (-€8,154)
- Receivables within one year +€4,392
up €4,392 (+474.1%), from €926 to €5,318
of which Other amounts receivable: +€4,392
- Tangible fixed assets -€4,380
down €4,380 (-75.0%), from €5,837 to €1,457
of which Furniture and vehicles: -€3,650
- Short-term financial debts -€32,112
down €32,112 (-76.6%), from €41,923 to €9,811
of which Credit institutions: -€32,112
- Reserves +€30,953
up €30,953 (+21.3%), from €145,000 to €175,953
- Other debts -€8,154
down €8,154 (-10.9%), from €75,096 to €66,942
- Trade debts +€7,039
up €7,039 (+11.9%), from €59,059 to €66,097
- Accrued charges and deferred income -€5,484
down €5,484 (-100.0%), from €5,484 to €0
- Gross operating margin +€44,134
up €44,134 (+54.9%), from €80,436 to €124,570
- Write-downs +€28,000
up €28,000, from -€17,545 to €10,454
- Staff costs +€11,998
up €11,998 (+48.4%), from €24,783 to €36,780
- Other operating charges +€10,408
up €10,408 (+1242.5%), from €838 to €11,245
- Taxes +€1,795
up €1,795 (+17.7%), from €10,146 to €11,941
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 | €427,842 | €420,449 | -€7,393 | -1.7% |
| Fixed assets | 21/28 | €11,477 | €7,097 | -€4,380 | -38.2% |
| Tangible fixed assets | 22/27 | €5,837 | €1,457 | -€4,380 | -75.0% |
| Plant, machinery and equipment | 23 | €776 | €46 | -€730 | -94.0% |
| Furniture and vehicles | 24 | €5,061 | €1,411 | -€3,650 | -72.1% |
| Financial fixed assets | 28 | €5,640 | €5,640 | = | 0.0% |
| Current assets | 29/58 | €416,365 | €413,352 | -€3,013 | -0.7% |
| Stocks and contracts in progress | 3 | €382,530 | €385,744 | +€3,214 | +0.8% |
| Stocks | 30/36 | €382,530 | €385,744 | +€3,214 | +0.8% |
| Amounts receivable within one year | 40/41 | €926 | €5,318 | +€4,392 | +474.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €926 | €5,318 | +€4,392 | +474.1% |
| Cash at bank and in hand | 54/58 | €30,055 | €19,890 | -€10,165 | -33.8% |
| Deferred charges and accrued income | 490/1 | €2,854 | €2,400 | -€454 | -15.9% |
| Total equity and liabilities | 10/49 | €427,842 | €420,449 | -€7,393 | -1.7% |
| Equity | 10/15 | €219,368 | €250,321 | +€30,953 | +14.1% |
| Contributions | 10/11 | €72,500 | €72,500 | = | 0.0% |
| Reserves | 13 | €145,000 | €175,953 | +€30,953 | +21.3% |
| Distributable reserves | 133 | €145,000 | €175,953 | +€30,953 | +21.3% |
| Profit (loss) carried forward | 14 | €1,868 | €1,868 | = | 0.0% |
| Amounts payable | 17/49 | €208,474 | €170,128 | -€38,346 | -18.4% |
| Amounts payable after more than one year | 17 | €349 | €0 | -€349 | -100.0% |
| Financial debts | 170/4 | €349 | €0 | -€349 | -100.0% |
| Amounts payable within one year | 42/48 | €202,641 | €170,128 | -€32,513 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €4,145 | €349 | -€3,796 | -91.6% |
| Financial debts | 43 | €41,923 | €9,811 | -€32,112 | -76.6% |
| Credit institutions | 430/8 | €41,923 | €9,811 | -€32,112 | -76.6% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €59,059 | €66,097 | +€7,039 | +11.9% |
| Suppliers | 440/4 | €59,059 | €66,097 | +€7,039 | +11.9% |
| Taxes, remuneration and social security | 45 | €22,419 | €26,929 | +€4,510 | +20.1% |
| Taxes | 450/3 | €17,382 | €20,433 | +€3,051 | +17.6% |
| Remuneration and social security | 454/9 | €5,036 | €6,496 | +€1,459 | +29.0% |
| Other amounts payable | 47/48 | €75,096 | €66,942 | -€8,154 | -10.9% |
| Accrued charges and deferred income | 492/3 | €5,484 | €0 | -€5,484 | -100.0% |
| Remuneration, social security and pensions | 62 | €24,783 | €36,780 | +€11,998 | +48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,157 | €4,380 | +€223 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,545 | €10,454 | +€28,000 | |
| Other operating charges | 640/8 | €838 | €11,245 | +€10,408 | +1242.5% |
| Gross operating margin | 9900 | €80,436 | €124,570 | +€44,134 | +54.9% |
| Operating profit (loss) | 9901 | €68,204 | €61,710 | -€6,494 | -9.5% |
| Financial income | 75/76B | €24 | €56 | +€32 | +130.4% |
| Recurring financial income | 75 | €24 | €56 | +€32 | +130.4% |
| Financial charges | 65/66B | €18,792 | €18,872 | +€80 | +0.4% |
| Recurring financial charges | 65 | €18,792 | €18,872 | +€80 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €49,436 | €42,894 | -€6,543 | -13.2% |
| Income taxes | 67/77 | €10,146 | €11,941 | +€1,795 | +17.7% |
| Profit (loss) for the period | 9904 | €39,291 | €30,953 | -€8,338 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,291 | €30,953 | -€8,338 | -21.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.