BREEMANS: 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.
BREEMANS
Largest movements
- Cash -€172,815
down €172,815 (-67.4%), from €256,250 to €83,435
mainly Investment in fixed assets (net) (-€311,560) and Debts after one year (-€218,596)
- Deferred charges and accrued income +€90,550
up €90,550 (+6136.1%), from €1,476 to €92,026
- Tangible fixed assets +€58,888
up €58,888 (+2.3%), from €2.5m to €2.6m
of which Plant, machinery and equipment: +€258,347
- Stocks and contracts -€53,464
down €53,464 (-25.5%), from €209,459 to €155,995
- Debts after one year -€218,596
down €218,596 (-12.5%), from €1.7m to €1.5m
- Reserves +€83,264
up €83,264 (+35.8%), from €232,580 to €315,844
- Other debts +€48,265
up €48,265 (+219.7%), from €21,972 to €70,237
- Gross operating margin -€84,890
down €84,890 (-16.7%), from €507,131 to €422,241
- Depreciation -€14,247
down €14,247 (-5.1%), from €281,920 to €267,672
- Taxes +€10,057
up €10,057 (+1117452.2%), from €1 to €10,058
- Financial charges -€5,208
down €5,208 (-11.7%), from €44,463 to €39,254
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 | €3,041,784 | €2,927,285 | -€114,499 | -3.8% |
| Fixed assets | 21/28 | €2,546,136 | €2,590,024 | +€43,888 | +1.7% |
| Intangible fixed assets | 21 | €37,356 | €22,356 | -€15,000 | -40.2% |
| Tangible fixed assets | 22/27 | €2,508,780 | €2,567,668 | +€58,888 | +2.3% |
| Land and buildings | 22 | €2,298,178 | €2,096,682 | -€201,496 | -8.8% |
| Plant, machinery and equipment | 23 | €210,602 | €468,948 | +€258,347 | +122.7% |
| Furniture and vehicles | 24 | - | €2,037 | +€2,037 | |
| Current assets | 29/58 | €495,648 | €337,261 | -€158,387 | -32.0% |
| Stocks and contracts in progress | 3 | €209,459 | €155,995 | -€53,464 | -25.5% |
| Stocks | 30/36 | €209,459 | €155,995 | -€53,464 | -25.5% |
| Amounts receivable within one year | 40/41 | €28,464 | €5,806 | -€22,658 | -79.6% |
| Trade receivables | 40 | €627 | - | -€627 | |
| Other amounts receivable | 41 | €27,837 | €5,806 | -€22,032 | -79.1% |
| Cash at bank and in hand | 54/58 | €256,250 | €83,435 | -€172,815 | -67.4% |
| Deferred charges and accrued income | 490/1 | €1,476 | €92,026 | +€90,550 | +6136.1% |
| Total equity and liabilities | 10/49 | €3,041,784 | €2,927,285 | -€114,499 | -3.8% |
| Equity | 10/15 | €708,420 | €791,684 | +€83,264 | +11.8% |
| Contributions | 10/11 | €156,302 | €156,302 | = | 0.0% |
| Reserves | 13 | €232,580 | €315,844 | +€83,264 | +35.8% |
| Distributable reserves | 133 | €232,580 | €315,844 | +€83,264 | +35.8% |
| Profit (loss) carried forward | 14 | €319,538 | €319,538 | = | 0.0% |
| Amounts payable | 17/49 | €2,333,364 | €2,135,600 | -€197,764 | -8.5% |
| Amounts payable after more than one year | 17 | €1,744,507 | €1,525,911 | -€218,596 | -12.5% |
| Financial debts | 170/4 | €1,744,507 | €1,525,911 | -€218,596 | -12.5% |
| Amounts payable within one year | 42/48 | €583,957 | €603,564 | +€19,607 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €218,596 | €218,596 | = | 0.0% |
| Trade debts | 44 | €229,662 | €242,919 | +€13,257 | +5.8% |
| Suppliers | 440/4 | €229,662 | €242,919 | +€13,257 | +5.8% |
| Advances received on contracts in progress | 46 | €67,380 | €44,312 | -€23,068 | -34.2% |
| Taxes, remuneration and social security | 45 | €46,348 | €27,500 | -€18,847 | -40.7% |
| Taxes | 450/3 | €46,348 | €27,500 | -€18,847 | -40.7% |
| Other amounts payable | 47/48 | €21,972 | €70,237 | +€48,265 | +219.7% |
| Accrued charges and deferred income | 492/3 | €4,900 | €6,125 | +€1,225 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281,920 | €267,672 | -€14,247 | -5.1% |
| Other operating charges | 640/8 | €21,254 | €23,150 | +€1,896 | +8.9% |
| Gross operating margin | 9900 | €507,131 | €422,241 | -€84,890 | -16.7% |
| Operating profit (loss) | 9901 | €203,958 | €131,419 | -€72,539 | -35.6% |
| Financial income | 75/76B | €46 | €1,158 | +€1,112 | +2413.2% |
| Recurring financial income | 75 | €46 | €1,158 | +€1,112 | +2413.2% |
| Financial charges | 65/66B | €44,463 | €39,254 | -€5,208 | -11.7% |
| Recurring financial charges | 65 | €44,463 | €39,254 | -€5,208 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €159,541 | €93,322 | -€66,219 | -41.5% |
| Income taxes | 67/77 | €1 | €10,058 | +€10,057 | +1117452.2% |
| Profit (loss) for the period | 9904 | €159,540 | €83,264 | -€76,276 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €159,540 | €83,264 | -€76,276 | -47.8% |
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 6 October 2026 via checked.be.