BREDIMO: 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.
What changed
BREDIMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€110,913
2024 · €527,965-€417,052
Equity
€16.6m
2024 · €16.5m+€107,314
Cash
€341,868
2024 · €648,753-€306,884
Balance sheet total
€27.4m
2024 · €26.8m+€634,408
Largest movements
Assets
- Tangible fixed assets +€864,759
up €864,759 (+6.6%), from €13.2m to €14.0m
of which Other tangible fixed assets: +€1.0m
- Cash -€306,884
down €306,884 (-47.3%), from €648,753 to €341,868
mainly Investment in fixed assets (net) (-€1.6m) and Current portion of long-term debt (-€197,254)
Equity and liabilities
- Other debts +€348,467
up €348,467 (+53.3%), from €653,535 to €1.0m
Income statement
- Gross operating margin -€584,962
down €584,962 (-30.7%), from €1.9m to €1.3m
- Financial charges -€257,591
down €257,591 (-57.6%), from €447,367 to €189,776
- Depreciation +€144,386
up €144,386 (+26.3%), from €549,657 to €694,043
- Financial income -€53,924
down €53,924 (-92.8%), from €58,113 to €4,188
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.
Result 2024
€527,965
Gross operating margin
-€584,962
Staff costs
-€17,550
Depreciation
-€144,386
Other operating charges
-€6,200
Financial income
-€53,924
Financial charges
+€257,591
Taxes
-€13,606
Deferred taxes and other
+€145,985
Result 2025
€110,913
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.
From operations
+€1.4m
Investment
-€1.6m
Financing
-€90,613
Cash 2024
€648,753
From operations (derived)
+€1.4m
Net result for the year
+€110,913
Depreciation
+€694,043
Receivables within one year
-€15,422
Deferred charges and accrued income
-€42,096
Provisions
-€32,596
Trade debts
+€211,368
Tax, wage and social debts
+€78,257
Other debts
+€348,467
Accrued charges and deferred income
+€8,612
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
-€90,613
Debts after one year
+€110,240
Current portion of long-term debt
-€197,254
Contributions, distributions and other
-€3,599
Cash 2025
€341,868
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,771,185 | €27,405,592 | +€634,408 | +2.4% |
| Fixed assets | 21/28 | €25,902,684 | €26,786,458 | +€883,774 | +3.4% |
| Tangible fixed assets | 22/27 | €13,167,988 | €14,032,747 | +€864,759 | +6.6% |
| Land and buildings | 22 | €7,115,622 | €6,983,882 | -€131,740 | -1.9% |
| Plant, machinery and equipment | 23 | €5,437 | €4,125 | -€1,312 | -24.1% |
| Furniture and vehicles | 24 | €34,520 | €26,607 | -€7,912 | -22.9% |
| Leasing and similar rights | 25 | €1,658 | €944 | -€715 | -43.1% |
| Other tangible fixed assets | 26 | €6,010,751 | €7,017,189 | +€1.0m | +16.7% |
| Financial fixed assets | 28 | €12,734,697 | €12,753,711 | +€19,014 | +0.1% |
| Current assets | 29/58 | €868,500 | €619,135 | -€249,366 | -28.7% |
| Amounts receivable within one year | 40/41 | €171,112 | €186,534 | +€15,422 | +9.0% |
| Trade receivables | 40 | €102,180 | €122,569 | +€20,389 | +20.0% |
| Other amounts receivable | 41 | €68,933 | €63,966 | -€4,967 | -7.2% |
| Cash at bank and in hand | 54/58 | €648,753 | €341,868 | -€306,884 | -47.3% |
| Deferred charges and accrued income | 490/1 | €48,636 | €90,732 | +€42,096 | +86.6% |
| Total equity and liabilities | 10/49 | €26,771,185 | €27,405,592 | +€634,408 | +2.4% |
| Equity | 10/15 | €16,511,358 | €16,618,672 | +€107,314 | +0.6% |
| Contributions | 10/11 | €11,462,179 | €11,462,179 | = | 0.0% |
| Capital | 10 | €11,462,179 | €11,462,179 | = | 0.0% |
| Issued capital | 100 | €11,462,179 | €11,462,179 | = | 0.0% |
| Reserves | 13 | €4,275,240 | €4,191,305 | -€83,935 | -2.0% |
| Non-distributable reserves | 130/1 | €553,854 | €564,110 | +€10,255 | +1.9% |
| Legal reserve | 130 | €301,364 | €311,619 | +€10,255 | +3.4% |
| Other | 1319 | €252,491 | €252,491 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,732,565 | €1,638,376 | -€94,190 | -5.4% |
| Distributable reserves | 133 | €1,988,820 | €1,988,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €667,608 | €862,456 | +€194,848 | +29.2% |
| Investment grants | 15 | €106,331 | €102,732 | -€3,599 | -3.4% |
| Provisions and deferred taxes | 16 | €612,965 | €580,369 | -€32,596 | -5.3% |
| Deferred taxes | 168 | €612,965 | €580,369 | -€32,596 | -5.3% |
| Amounts payable | 17/49 | €9,646,861 | €10,206,551 | +€559,690 | +5.8% |
| Amounts payable after more than one year | 17 | €8,468,393 | €8,578,633 | +€110,240 | +1.3% |
| Financial debts | 170/4 | €8,385,822 | €8,495,403 | +€109,581 | +1.3% |
| Other amounts payable | 178/9 | €82,572 | €83,231 | +€659 | +0.8% |
| Amounts payable within one year | 42/48 | €1,160,653 | €1,601,490 | +€440,837 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €383,604 | €186,349 | -€197,254 | -51.4% |
| Trade debts | 44 | €92,591 | €303,959 | +€211,368 | +228.3% |
| Suppliers | 440/4 | €92,591 | €303,959 | +€211,368 | +228.3% |
| Taxes, remuneration and social security | 45 | €30,923 | €109,180 | +€78,257 | +253.1% |
| Taxes | 450/3 | €8,938 | €81,120 | +€72,182 | +807.6% |
| Remuneration and social security | 454/9 | €21,985 | €28,061 | +€6,075 | +27.6% |
| Other amounts payable | 47/48 | €653,535 | €1,002,002 | +€348,467 | +53.3% |
| Accrued charges and deferred income | 492/3 | €17,815 | €26,427 | +€8,612 | +48.3% |
| Non-recurring operating income | 76A | €599,571 | €1,325 | -€598,246 | -99.8% |
| Remuneration, social security and pensions | 62 | €107,757 | €125,307 | +€17,550 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549,657 | €694,043 | +€144,386 | +26.3% |
| Other operating charges | 640/8 | €155,322 | €161,522 | +€6,200 | +4.0% |
| Gross operating margin | 9900 | €1,907,047 | €1,322,084 | -€584,962 | -30.7% |
| Operating profit (loss) | 9901 | €1,094,311 | €341,213 | -€753,098 | -68.8% |
| Financial income | 75/76B | €58,113 | €4,188 | -€53,924 | -92.8% |
| Recurring financial income | 75 | €58,113 | €4,188 | -€53,924 | -92.8% |
| Financial charges | 65/66B | €447,367 | €189,776 | -€257,591 | -57.6% |
| Recurring financial charges | 65 | €447,367 | €189,776 | -€257,591 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €705,056 | €155,625 | -€549,431 | -77.9% |
| Transfer from deferred taxes | 780 | €27,979 | €32,596 | +€4,617 | +16.5% |
| Transfer to deferred taxes | 680 | €141,368 | - | -€141,368 | |
| Income taxes | 67/77 | €63,702 | €77,308 | +€13,606 | +21.4% |
| Profit (loss) for the period | 9904 | €527,965 | €110,913 | -€417,052 | -79.0% |
| Transfer from tax-exempt reserves | 789 | €80,338 | €94,190 | +€13,852 | +17.2% |
| Transfer to tax-exempt reserves | 689 | €424,104 | - | -€424,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €184,199 | €205,103 | +€20,903 | +11.3% |
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 12 October 2026 via checked.be.