BREEDBEELD: 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.
BREEDBEELD
Largest movements
- Cash -€46,118
down €46,118 (-13.3%), from €347,583 to €301,465
mainly Net result for the year (-€49,880) and Investment in fixed assets (net) (-€17,211)
- Receivables within one year -€11,252
down €11,252 (-8.5%), from €133,013 to €121,761
of which Other amounts receivable: -€11,126
- Tangible fixed assets -€8,921
down €8,921 (-2.5%), from €358,555 to €349,635
of which Land and buildings: -€15,404
- Reserves -€28,921
down €28,921 (-5.0%), from €573,855 to €544,935
- Profit (loss) carried forward -€20,960
down €20,960 (-82.8%), from €25,313 to €4,354
- Debts after one year -€13,178
down €13,178 (-22.1%), from €59,537 to €46,359
- Staff costs -€19,188
down €19,188 (-3.1%), from €615,308 to €596,120
- Gross operating margin -€16,456
down €16,456 (-2.8%), from €597,517 to €581,061
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 | €857,235 | €791,736 | -€65,499 | -7.6% |
| Fixed assets | 21/28 | €359,890 | €349,635 | -€10,255 | -2.8% |
| Intangible fixed assets | 21 | €1,335 | - | -€1,335 | |
| Tangible fixed assets | 22/27 | €358,555 | €349,635 | -€8,921 | -2.5% |
| Land and buildings | 22 | €343,648 | €328,244 | -€15,404 | -4.5% |
| Plant, machinery and equipment | 23 | €8,575 | €15,963 | +€7,388 | +86.2% |
| Furniture and vehicles | 24 | €6,332 | €5,428 | -€904 | -14.3% |
| Current assets | 29/58 | €497,345 | €442,101 | -€55,243 | -11.1% |
| Amounts receivable within one year | 40/41 | €133,013 | €121,761 | -€11,252 | -8.5% |
| Trade receivables | 40 | €28,047 | €27,921 | -€125 | -0.4% |
| Other amounts receivable | 41 | €104,966 | €93,839 | -€11,126 | -10.6% |
| Cash at bank and in hand | 54/58 | €347,583 | €301,465 | -€46,118 | -13.3% |
| Deferred charges and accrued income | 490/1 | €16,749 | €18,875 | +€2,126 | +12.7% |
| Total equity and liabilities | 10/49 | €857,235 | €791,736 | -€65,499 | -7.6% |
| Equity | 10/15 | €673,469 | €623,588 | -€49,880 | -7.4% |
| Contributions | 10/11 | €74,300 | €74,300 | = | 0.0% |
| Capital | 10 | €74,300 | €74,300 | = | 0.0% |
| Reserves | 13 | €573,855 | €544,935 | -€28,921 | -5.0% |
| Profit (loss) carried forward | 14 | €25,313 | €4,354 | -€20,960 | -82.8% |
| Amounts payable | 17/49 | €183,766 | €168,147 | -€15,619 | -8.5% |
| Amounts payable after more than one year | 17 | €59,537 | €46,359 | -€13,178 | -22.1% |
| Financial debts | 170/4 | €59,537 | €46,359 | -€13,178 | -22.1% |
| Amounts payable within one year | 42/48 | €97,060 | €96,090 | -€971 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €12,534 | €13,178 | +€644 | +5.1% |
| Trade debts | 44 | €22,535 | €14,078 | -€8,457 | -37.5% |
| Suppliers | 440/4 | €22,535 | €14,078 | -€8,457 | -37.5% |
| Taxes, remuneration and social security | 45 | €61,991 | €68,633 | +€6,642 | +10.7% |
| Taxes | 450/3 | - | €4,469 | +€4,469 | |
| Remuneration and social security | 454/9 | €61,991 | €64,165 | +€2,173 | +3.5% |
| Accrued charges and deferred income | 492/3 | €27,169 | €25,699 | -€1,470 | -5.4% |
| Remuneration, social security and pensions | 62 | €615,308 | €596,120 | -€19,188 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,214 | €27,466 | -€5,748 | -17.3% |
| Other operating charges | 640/8 | €5,019 | €4,942 | -€77 | -1.5% |
| Gross operating margin | 9900 | €597,517 | €581,061 | -€16,456 | -2.8% |
| Operating profit (loss) | 9901 | -€56,024 | -€47,467 | +€8,557 | +15.3% |
| Financial income | 75/76B | €5,965 | €4,089 | -€1,876 | -31.5% |
| Recurring financial income | 75 | €5,965 | €4,089 | -€1,876 | -31.5% |
| Financial charges | 65/66B | €4,972 | €6,502 | +€1,530 | +30.8% |
| Recurring financial charges | 65 | €4,972 | €6,502 | +€1,530 | +30.8% |
| Profit (loss) for the period before taxes | 9903 | -€55,031 | -€49,880 | +€5,151 | +9.4% |
| Profit (loss) for the period | 9904 | -€55,031 | -€49,880 | +€5,151 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,031 | -€49,880 | +€5,151 | +9.4% |
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 8 October 2026 via checked.be.