Breedt Logistics: 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.
Breedt Logistics
Largest movements
- Tangible fixed assets +€50,185
up €50,185 (+1,627%), from €3,085 to €53,270
- Cash -€3,706
down €3,706 (-15.2%), from €24,380 to €20,674
mainly Investment in fixed assets (net) (-€50,500) and Deferred charges and accrued income (-€845)
- Receivables within one year -€3,290
down €3,290 (-4.7%), from €70,207 to €66,917
of which Trade receivables: -€7,559
- Reserves +€21,359
up €21,359 (+102%), from €20,884 to €42,243
- Tax, wage and social debts +€14,630
up €14,630 (+171%), from €8,539 to €23,169
- Trade debts +€6,962
up €6,962 (+10.3%), from €67,389 to €74,351
- Gross operating margin +€3,151
up €3,151 (+10.4%), from €30,340 to €33,492
- Other operating charges +€1,927
new in 2025: €1,927
- Financial income -€386
down €386 (-95.1%), from €406 to €20
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 | €101,812 | €144,763 | +€42,951 | +42.2% |
| Formation expenses | 20 | €4,140 | €3,056 | -€1,084 | -26.2% |
| Fixed assets | 21/28 | €3,085 | €53,270 | +€50,185 | +1,627% |
| Tangible fixed assets | 22/27 | €3,085 | €53,270 | +€50,185 | +1,627% |
| Furniture and vehicles | 24 | €3,085 | €53,270 | +€50,185 | +1,627% |
| Current assets | 29/58 | €94,587 | €88,436 | -€6,150 | -6.5% |
| Amounts receivable within one year | 40/41 | €70,207 | €66,917 | -€3,290 | -4.7% |
| Trade receivables | 40 | €70,207 | €62,647 | -€7,559 | -10.8% |
| Other amounts receivable | 41 | - | €4,270 | +€4,270 | |
| Cash at bank and in hand | 54/58 | €24,380 | €20,674 | -€3,706 | -15.2% |
| Deferred charges and accrued income | 490/1 | - | €845 | +€845 | |
| Total equity and liabilities | 10/49 | €101,812 | €144,763 | +€42,951 | +42.2% |
| Equity | 10/15 | €25,884 | €47,243 | +€21,359 | +82.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,884 | €42,243 | +€21,359 | +102% |
| Distributable reserves | 133 | €20,884 | €42,243 | +€21,359 | +102% |
| Amounts payable | 17/49 | €75,928 | €97,520 | +€21,592 | +28.4% |
| Amounts payable within one year | 42/48 | €75,928 | €97,520 | +€21,592 | +28.4% |
| Trade debts | 44 | €67,389 | €74,351 | +€6,962 | +10.3% |
| Suppliers | 440/4 | €67,389 | €74,351 | +€6,962 | +10.3% |
| Taxes, remuneration and social security | 45 | €8,539 | €23,169 | +€14,630 | +171% |
| Taxes | 450/3 | €8,539 | €23,169 | +€14,630 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,399 | €1,399 | = | 0.0% |
| Other operating charges | 640/8 | - | €1,927 | +€1,927 | |
| Gross operating margin | 9900 | €30,340 | €33,492 | +€3,151 | +10.4% |
| Operating profit (loss) | 9901 | €28,942 | €30,166 | +€1,224 | +4.2% |
| Financial income | 75/76B | €406 | €20 | -€386 | -95.1% |
| Recurring financial income | 75 | €406 | €20 | -€386 | -95.1% |
| Financial charges | 65/66B | €620 | €765 | +€145 | +23.3% |
| Recurring financial charges | 65 | €620 | €765 | +€145 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €28,728 | €29,421 | +€693 | +2.4% |
| Income taxes | 67/77 | €7,844 | €8,062 | +€218 | +2.8% |
| Profit (loss) for the period | 9904 | €20,884 | €21,359 | +€475 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,884 | €21,359 | +€475 | +2.3% |
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 20 October 2026 via checked.be.