BREEDEL: 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.
BREEDEL
Largest movements
- Receivables after one year -€16,644
no longer reported in 2025 (was €16,644)
- Tangible fixed assets -€1,391
down €1,391 (-7.0%), from €19,753 to €18,362
of which Furniture and vehicles: -€883
- Other debts -€17,030
down €17,030 (-25.3%), from €67,189 to €50,159
- Debts after one year -€3,437
down €3,437 (-26.9%), from €12,791 to €9,354
- Profit (loss) carried forward +€1,566
up €1,566 (+1.3%), from -€116,842 to -€115,276
- Trade debts +€533
up €533 (+26.0%), from €2,051 to €2,584
- Staff costs -€6,306
down €6,306 (-87.8%), from €7,186 to €880
- Gross operating margin +€4,827
up €4,827 (+91.3%), from €5,288 to €10,114
- Financial charges +€848
up €848 (+97.7%), from €868 to €1,716
- Depreciation +€234
up €234 (+4.5%), from €5,163 to €5,396
- Financial income +€200
new in 2025: €200
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 | €48,442 | €30,414 | -€18,028 | -37.2% |
| Fixed assets | 21/28 | €20,370 | €18,979 | -€1,391 | -6.8% |
| Tangible fixed assets | 22/27 | €19,753 | €18,362 | -€1,391 | -7.0% |
| Plant, machinery and equipment | 23 | €1,135 | €627 | -€508 | -44.7% |
| Furniture and vehicles | 24 | €18,618 | €17,735 | -€883 | -4.7% |
| Financial fixed assets | 28 | €616 | €616 | = | 0.0% |
| Current assets | 29/58 | €28,072 | €11,435 | -€16,637 | -59.3% |
| Amounts receivable after more than one year | 29 | €16,644 | - | -€16,644 | |
| Other amounts receivable | 291 | €16,644 | - | -€16,644 | |
| Amounts receivable within one year | 40/41 | - | €473 | +€473 | |
| Other amounts receivable | 41 | - | €473 | +€473 | |
| Cash at bank and in hand | 54/58 | €11,428 | €10,962 | -€466 | -4.1% |
| Total equity and liabilities | 10/49 | €48,442 | €30,414 | -€18,028 | -37.2% |
| Equity | 10/15 | -€36,960 | -€35,394 | +€1,566 | +4.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €18,382 | €18,382 | = | 0.0% |
| Non-distributable reserves | 130/1 | €744 | €744 | = | 0.0% |
| Legal reserve | 130 | €744 | €744 | = | 0.0% |
| Distributable reserves | 133 | €17,639 | €17,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,842 | -€115,276 | +€1,566 | +1.3% |
| Amounts payable | 17/49 | €85,402 | €65,808 | -€19,594 | -22.9% |
| Amounts payable after more than one year | 17 | €12,791 | €9,354 | -€3,437 | -26.9% |
| Financial debts | 170/4 | €12,791 | €9,354 | -€3,437 | -26.9% |
| Amounts payable within one year | 42/48 | €72,611 | €56,454 | -€16,157 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €3,371 | €3,711 | +€341 | +10.1% |
| Trade debts | 44 | €2,051 | €2,584 | +€533 | +26.0% |
| Suppliers | 440/4 | €2,051 | €2,584 | +€533 | +26.0% |
| Other amounts payable | 47/48 | €67,189 | €50,159 | -€17,030 | -25.3% |
| Remuneration, social security and pensions | 62 | €7,186 | €880 | -€6,306 | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,163 | €5,396 | +€234 | +4.5% |
| Other operating charges | 640/8 | €605 | €757 | +€151 | +25.0% |
| Gross operating margin | 9900 | €5,288 | €10,114 | +€4,827 | +91.3% |
| Operating profit (loss) | 9901 | -€7,666 | €3,081 | +€10,747 | |
| Financial income | 75/76B | - | €200 | +€200 | |
| Recurring financial income | 75 | - | €200 | +€200 | |
| Financial charges | 65/66B | €868 | €1,716 | +€848 | +97.7% |
| Recurring financial charges | 65 | €868 | €1,716 | +€848 | +97.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,534 | €1,566 | +€10,100 | |
| Profit (loss) for the period | 9904 | -€8,534 | €1,566 | +€10,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,534 | €1,566 | +€10,100 |
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 3 October 2026 via checked.be.