BREEDING BIRD: 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.
BREEDING BIRD
Largest movements
- Receivables within one year +€279,577
up €279,577 (+38.0%), from €735,018 to €1.0m
of which Other amounts receivable: +€291,677
- Tangible fixed assets -€198,105
down €198,105 (-84.0%), from €235,976 to €37,870
of which Land and buildings: -€160,750
- Other debts +€133,702
up €133,702 (+47.6%), from €280,617 to €414,319
- Debts after one year -€123,152
down €123,152 (-64.3%), from €191,421 to €68,269
- Reserves +€55,587
up €55,587 (+11.7%), from €475,062 to €530,649
- Gross operating margin -€30,314
down €30,314 (-28.8%), from €105,396 to €75,082
- Taxes -€16,940
down €16,940 (-99.5%), from €17,032 to €92
- Depreciation -€9,049
down €9,049 (-42.8%), from €21,126 to €12,077
- Financial charges -€5,157
down €5,157 (-64.8%), from €7,962 to €2,805
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.
Derived cash bridge
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 | €1,214,525 | €1,285,839 | +€71,314 | +5.9% |
| Fixed assets | 21/28 | €458,330 | €260,225 | -€198,105 | -43.2% |
| Tangible fixed assets | 22/27 | €235,976 | €37,870 | -€198,105 | -84.0% |
| Land and buildings | 22 | €160,750 | - | -€160,750 | |
| Furniture and vehicles | 24 | €46,966 | €37,870 | -€9,095 | -19.4% |
| Other tangible fixed assets | 26 | €28,260 | - | -€28,260 | |
| Financial fixed assets | 28 | €222,355 | €222,355 | = | 0.0% |
| Current assets | 29/58 | €756,195 | €1,025,614 | +€269,420 | +35.6% |
| Amounts receivable within one year | 40/41 | €735,018 | €1,014,595 | +€279,577 | +38.0% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €722,918 | €1,014,595 | +€291,677 | +40.3% |
| Cash at bank and in hand | 54/58 | €19,625 | €8,895 | -€10,730 | -54.7% |
| Deferred charges and accrued income | 490/1 | €1,551 | €2,124 | +€573 | +36.9% |
| Total equity and liabilities | 10/49 | €1,214,525 | €1,285,839 | +€71,314 | +5.9% |
| Equity | 10/15 | €691,727 | €747,314 | +€55,587 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €475,062 | €530,649 | +€55,587 | +11.7% |
| Distributable reserves | 133 | €475,062 | €530,649 | +€55,587 | +11.7% |
| Profit (loss) carried forward | 14 | €198,065 | €198,065 | = | 0.0% |
| Amounts payable | 17/49 | €522,798 | €538,525 | +€15,727 | +3.0% |
| Amounts payable after more than one year | 17 | €191,421 | €68,269 | -€123,152 | -64.3% |
| Financial debts | 170/4 | €191,421 | €68,269 | -€123,152 | -64.3% |
| Amounts payable within one year | 42/48 | €330,812 | €468,753 | +€137,942 | +41.7% |
| Current portion of amounts payable after more than one year | 42 | €43,943 | €51,151 | +€7,208 | +16.4% |
| Trade debts | 44 | €345 | €1,029 | +€684 | +199% |
| Suppliers | 440/4 | €345 | €958 | +€613 | +178% |
| Bills of exchange payable | 441 | - | €71 | +€71 | |
| Taxes, remuneration and social security | 45 | €5,906 | €2,254 | -€3,653 | -61.8% |
| Taxes | 450/3 | €3,716 | €2,254 | -€1,462 | -39.3% |
| Remuneration and social security | 454/9 | €2,190 | - | -€2,190 | |
| Other amounts payable | 47/48 | €280,617 | €414,319 | +€133,702 | +47.6% |
| Accrued charges and deferred income | 492/3 | €566 | €1,503 | +€938 | +166% |
| Non-recurring operating income | 76A | €131,842 | €80,990 | -€50,852 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,126 | €12,077 | -€9,049 | -42.8% |
| Other operating charges | 640/8 | €5,349 | €4,827 | -€522 | -9.8% |
| Gross operating margin | 9900 | €105,396 | €75,082 | -€30,314 | -28.8% |
| Operating profit (loss) | 9901 | €78,921 | €58,179 | -€20,743 | -26.3% |
| Financial income | 75/76B | €95 | €305 | +€210 | +221% |
| Recurring financial income | 75 | €95 | €305 | +€210 | +221% |
| Financial charges | 65/66B | €7,962 | €2,805 | -€5,157 | -64.8% |
| Recurring financial charges | 65 | €7,962 | €2,805 | -€5,157 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €71,054 | €55,679 | -€15,376 | -21.6% |
| Income taxes | 67/77 | €17,032 | €92 | -€16,940 | -99.5% |
| Profit (loss) for the period | 9904 | €54,023 | €55,587 | +€1,564 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,023 | €55,587 | +€1,564 | +2.9% |
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 19 October 2026 via checked.be.