BREEDING: 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.
BREEDING
Largest movements
- Tangible fixed assets -€7,300
down €7,300 (-9.3%), from €78,715 to €71,415
of which Furniture and vehicles: -€3,876
- Stocks and contracts +€4,401
up €4,401 (+13.3%), from €33,102 to €37,503
- Receivables within one year -€2,917
down €2,917 (-51.2%), from €5,697 to €2,780
of which Trade receivables: -€2,910
- Short-term financial debts -€4,698
no longer reported in 2025 (was €4,698)
- Gross operating margin +€6,808
up €6,808 (+168.4%), from €4,042 to €10,850
- Depreciation -€2,185
down €2,185 (-18.8%), from €11,609 to €9,424
- Financial charges -€227
down €227 (-41.1%), from €552 to €325
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 | €120,906 | €115,838 | -€5,068 | -4.2% |
| Fixed assets | 21/28 | €78,715 | €71,415 | -€7,300 | -9.3% |
| Tangible fixed assets | 22/27 | €78,715 | €71,415 | -€7,300 | -9.3% |
| Land and buildings | 22 | €64,249 | €61,142 | -€3,107 | -4.8% |
| Plant, machinery and equipment | 23 | €1,690 | €1,373 | -€317 | -18.7% |
| Furniture and vehicles | 24 | €12,776 | €8,900 | -€3,876 | -30.3% |
| Current assets | 29/58 | €42,191 | €44,423 | +€2,233 | +5.3% |
| Stocks and contracts in progress | 3 | €33,102 | €37,503 | +€4,401 | +13.3% |
| Stocks | 30/36 | €33,102 | €37,503 | +€4,401 | +13.3% |
| Amounts receivable within one year | 40/41 | €5,697 | €2,780 | -€2,917 | -51.2% |
| Trade receivables | 40 | €4,548 | €1,638 | -€2,910 | -64.0% |
| Other amounts receivable | 41 | €1,149 | €1,142 | -€7 | -0.6% |
| Cash at bank and in hand | 54/58 | €12 | €872 | +€860 | +7146.2% |
| Deferred charges and accrued income | 490/1 | €3,380 | €3,267 | -€112 | -3.3% |
| Total equity and liabilities | 10/49 | €120,906 | €115,838 | -€5,068 | -4.2% |
| Equity | 10/15 | €103,225 | €102,539 | -€686 | -0.7% |
| Contributions | 10/11 | €88,002 | €88,002 | = | 0.0% |
| Reserves | 13 | €15,223 | €14,537 | -€686 | -4.5% |
| Non-distributable reserves | 130/1 | €8,800 | €8,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,800 | €8,800 | = | 0.0% |
| Distributable reserves | 133 | €6,423 | €5,737 | -€686 | -10.7% |
| Amounts payable | 17/49 | €17,681 | €13,299 | -€4,382 | -24.8% |
| Amounts payable within one year | 42/48 | €16,981 | €13,299 | -€3,682 | -21.7% |
| Financial debts | 43 | €4,698 | - | -€4,698 | |
| Credit institutions | 430/8 | €4,698 | - | -€4,698 | |
| Trade debts | 44 | €7,040 | €7,460 | +€420 | +6.0% |
| Suppliers | 440/4 | €7,040 | €7,460 | +€420 | +6.0% |
| Taxes, remuneration and social security | 45 | €545 | €598 | +€53 | +9.7% |
| Taxes | 450/3 | €545 | €598 | +€53 | +9.7% |
| Other amounts payable | 47/48 | €4,698 | €5,241 | +€543 | +11.5% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,609 | €9,424 | -€2,185 | -18.8% |
| Other operating charges | 640/8 | €1,654 | €1,582 | -€72 | -4.3% |
| Gross operating margin | 9900 | €4,042 | €10,850 | +€6,808 | +168.4% |
| Operating profit (loss) | 9901 | -€9,221 | -€156 | +€9,065 | +98.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -88.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -88.9% |
| Financial charges | 65/66B | €552 | €325 | -€227 | -41.1% |
| Recurring financial charges | 65 | €552 | €325 | -€227 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,772 | -€481 | +€9,292 | +95.1% |
| Income taxes | 67/77 | €146 | €205 | +€59 | +40.8% |
| Profit (loss) for the period | 9904 | -€9,918 | -€686 | +€9,232 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,918 | -€686 | +€9,232 | +93.1% |
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.