BREELS MANAGEMENT SERVICES: what changed
What changed
BREELS MANAGEMENT SERVICES
NACE 90.111, Literary creation
filed annual accounts (NBB)
Net result for the year
€2,741
2024 · €24,117-€21,376
Equity
€319,576
2024 · €316,835+€2,741
Cash
€4,534
2024 · €4,327+€207
Balance sheet total
€397,303
2024 · €422,596-€25,294
Largest movements
Assets
- Tangible fixed assets -€31,637
down €31,637 (-7.6%), from €417,412 to €385,775
of which Land and buildings: -€27,310
Equity and liabilities
- Debts after one year -€14,786
down €14,786 (-29.3%), from €50,535 to €35,748
- Other debts -€8,594
down €8,594 (-38.9%), from €22,096 to €13,502
- Tax, wage and social debts -€7,856
down €7,856 (-88.8%), from €8,848 to €992
- Trade debts +€6,447
up €6,447 (+120%), from €5,370 to €11,817
Income statement
- Gross operating margin -€29,444
down €29,444 (-32.7%), from €89,997 to €60,554
- Taxes -€9,947
down €9,947 (-73.4%), from €13,560 to €3,614
- Financial charges +€2,089
up €2,089 (+97.8%), from €2,136 to €4,225
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€24,117
Gross operating margin
-€29,444
Depreciation
+€473
Other operating charges
-€258
Financial income
-€5
Financial charges
-€2,089
Taxes
+€9,947
Result 2025
€2,741
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€23,616
Investment
-€5,862
Financing
-€17,548
Cash 2024
€4,327
From operations (derived)
+€23,616
Net result for the year
+€2,741
Depreciation
+€37,500
Receivables within one year
-€2,274
Deferred charges and accrued income
-€3,863
Trade debts
+€6,447
Tax, wage and social debts
-€7,856
Other debts
-€8,594
Accrued charges and deferred income
-€483
Investment (derived)
-€5,862
Investment in fixed assets (net)
-€5,862
Financing
-€17,548
Debts after one year
-€14,786
Current portion of long-term debt
-€2,761
Cash 2025
€4,534
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €422,596 | €397,303 | -€25,294 | -6.0% |
| Fixed assets | 21/28 | €417,412 | €385,775 | -€31,637 | -7.6% |
| Tangible fixed assets | 22/27 | €417,412 | €385,775 | -€31,637 | -7.6% |
| Land and buildings | 22 | €402,629 | €375,318 | -€27,310 | -6.8% |
| Plant, machinery and equipment | 23 | €2,966 | €3,149 | +€182 | +6.2% |
| Furniture and vehicles | 24 | €955 | €102 | -€853 | -89.3% |
| Other tangible fixed assets | 26 | €10,863 | €7,206 | -€3,656 | -33.7% |
| Current assets | 29/58 | €5,184 | €11,528 | +€6,344 | +122% |
| Amounts receivable within one year | 40/41 | €153 | €2,428 | +€2,274 | +1,482% |
| Trade receivables | 40 | €153 | €2,281 | +€2,127 | +1,386% |
| Other amounts receivable | 41 | €0 | €147 | +€147 | |
| Cash at bank and in hand | 54/58 | €4,327 | €4,534 | +€207 | +4.8% |
| Deferred charges and accrued income | 490/1 | €704 | €4,567 | +€3,863 | +549% |
| Total equity and liabilities | 10/49 | €422,596 | €397,303 | -€25,294 | -6.0% |
| Equity | 10/15 | €316,835 | €319,576 | +€2,741 | +0.9% |
| Contributions | 10/11 | €23,000 | €23,000 | = | 0.0% |
| Reserves | 13 | €293,835 | €296,576 | +€2,741 | +0.9% |
| Distributable reserves | 133 | €293,835 | €296,576 | +€2,741 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €105,762 | €77,727 | -€28,035 | -26.5% |
| Amounts payable after more than one year | 17 | €50,535 | €35,748 | -€14,786 | -29.3% |
| Financial debts | 170/4 | €50,535 | €35,748 | -€14,786 | -29.3% |
| Amounts payable within one year | 42/48 | €53,862 | €41,097 | -€12,765 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €17,548 | €14,786 | -€2,761 | -15.7% |
| Trade debts | 44 | €5,370 | €11,817 | +€6,447 | +120% |
| Suppliers | 440/4 | €5,370 | €11,817 | +€6,447 | +120% |
| Taxes, remuneration and social security | 45 | €8,848 | €992 | -€7,856 | -88.8% |
| Taxes | 450/3 | €8,848 | €992 | -€7,856 | -88.8% |
| Other amounts payable | 47/48 | €22,096 | €13,502 | -€8,594 | -38.9% |
| Accrued charges and deferred income | 492/3 | €1,365 | €882 | -€483 | -35.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,973 | €37,500 | -€473 | -1.2% |
| Other operating charges | 640/8 | €12,217 | €12,475 | +€258 | +2.1% |
| Gross operating margin | 9900 | €89,997 | €60,554 | -€29,444 | -32.7% |
| Operating profit (loss) | 9901 | €39,808 | €10,579 | -€29,229 | -73.4% |
| Financial income | 75/76B | €5 | €0 | -€5 | -97.2% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -97.2% |
| Financial charges | 65/66B | €2,136 | €4,225 | +€2,089 | +97.8% |
| Recurring financial charges | 65 | €2,136 | €4,225 | +€2,089 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | €37,677 | €6,354 | -€31,323 | -83.1% |
| Income taxes | 67/77 | €13,560 | €3,614 | -€9,947 | -73.4% |
| Profit (loss) for the period | 9904 | €24,117 | €2,741 | -€21,376 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,117 | €2,741 | -€21,376 | -88.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.