BREETEC: 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.
BREETEC
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€49,314
down €49,314 (-20.9%), from €235,967 to €186,653
mainly Current investments (-€150,000) and Debts after one year (-€60,054)
- Tangible fixed assets -€45,815
down €45,815 (-3.5%), from €1.3m to €1.3m
of which Land and buildings: -€43,083
- Receivables within one year -€44,686
down €44,686 (-74.4%), from €60,050 to €15,364
of which Trade receivables: -€34,000
- Reserves +€99,256
up €99,256 (+7.3%), from €1.4m to €1.5m
of which Distributable reserves: +€105,703
- Debts after one year -€60,054
down €60,054 (-9.7%), from €616,019 to €555,965
of which Financial debts: -€59,162
- Other debts -€50,819
down €50,819 (-14.4%), from €354,044 to €303,226
- Financial income +€80,593
up €80,593 (+5200.1%), from €1,550 to €82,143
- Gross operating margin -€41,948
down €41,948 (-22.9%), from €183,059 to €141,112
- Other operating charges -€11,976
down €11,976 (-57.8%), from €20,720 to €8,744
- Financial charges -€9,013
down €9,013 (-19.8%), from €45,497 to €36,484
- Taxes +€6,532
up €6,532 (+26.3%), from €24,850 to €31,381
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 | €2,850,155 | €2,863,071 | +€12,916 | +0.5% |
| Fixed assets | 21/28 | €2,550,626 | €2,504,810 | -€45,815 | -1.8% |
| Tangible fixed assets | 22/27 | €1,307,610 | €1,261,794 | -€45,815 | -3.5% |
| Land and buildings | 22 | €1,292,714 | €1,249,631 | -€43,083 | -3.3% |
| Plant, machinery and equipment | 23 | €14,895 | €12,163 | -€2,732 | -18.3% |
| Financial fixed assets | 28 | €1,243,016 | €1,243,016 | = | 0.0% |
| Current assets | 29/58 | €299,529 | €358,261 | +€58,732 | +19.6% |
| Amounts receivable within one year | 40/41 | €60,050 | €15,364 | -€44,686 | -74.4% |
| Trade receivables | 40 | €44,285 | €10,285 | -€34,000 | -76.8% |
| Other amounts receivable | 41 | €15,765 | €5,079 | -€10,686 | -67.8% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €235,967 | €186,653 | -€49,314 | -20.9% |
| Deferred charges and accrued income | 490/1 | €3,512 | €6,244 | +€2,732 | +77.8% |
| Total equity and liabilities | 10/49 | €2,850,155 | €2,863,071 | +€12,916 | +0.5% |
| Equity | 10/15 | €1,764,740 | €1,863,996 | +€99,256 | +5.6% |
| Contributions | 10/11 | €398,000 | €398,000 | = | 0.0% |
| Capital | 10 | €398,000 | €398,000 | = | 0.0% |
| Issued capital | 100 | €398,000 | €398,000 | = | 0.0% |
| Reserves | 13 | €1,366,740 | €1,465,996 | +€99,256 | +7.3% |
| Non-distributable reserves | 130/1 | €95,890 | €95,890 | = | 0.0% |
| Legal reserve | 130 | €95,890 | €95,890 | = | 0.0% |
| Tax-exempt reserves | 132 | €180,987 | €174,540 | -€6,447 | -3.6% |
| Distributable reserves | 133 | €1,089,863 | €1,195,566 | +€105,703 | +9.7% |
| Provisions and deferred taxes | 16 | €60,329 | €58,180 | -€2,149 | -3.6% |
| Deferred taxes | 168 | €60,329 | €58,180 | -€2,149 | -3.6% |
| Amounts payable | 17/49 | €1,025,086 | €940,895 | -€84,191 | -8.2% |
| Amounts payable after more than one year | 17 | €616,019 | €555,965 | -€60,054 | -9.7% |
| Financial debts | 170/4 | €610,931 | €551,769 | -€59,162 | -9.7% |
| Other amounts payable | 178/9 | €5,088 | €4,196 | -€892 | -17.5% |
| Amounts payable within one year | 42/48 | €407,476 | €378,743 | -€28,734 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €29,732 | €30,194 | +€462 | +1.6% |
| Trade debts | 44 | €2,685 | €15,955 | +€13,270 | +494.2% |
| Suppliers | 440/4 | €2,685 | €15,955 | +€13,270 | +494.2% |
| Taxes, remuneration and social security | 45 | €21,015 | €29,368 | +€8,353 | +39.7% |
| Taxes | 450/3 | €21,015 | €29,368 | +€8,353 | +39.7% |
| Other amounts payable | 47/48 | €354,044 | €303,226 | -€50,819 | -14.4% |
| Accrued charges and deferred income | 492/3 | €1,591 | €6,187 | +€4,597 | +289.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,846 | €49,538 | -€308 | -0.6% |
| Other operating charges | 640/8 | €20,720 | €8,744 | -€11,976 | -57.8% |
| Gross operating margin | 9900 | €183,059 | €141,112 | -€41,948 | -22.9% |
| Operating profit (loss) | 9901 | €112,493 | €82,829 | -€29,664 | -26.4% |
| Financial income | 75/76B | €1,550 | €82,143 | +€80,593 | +5200.1% |
| Recurring financial income | 75 | €1,550 | €82,143 | +€80,593 | +5200.1% |
| Financial charges | 65/66B | €45,497 | €36,484 | -€9,013 | -19.8% |
| Recurring financial charges | 65 | €45,497 | €36,484 | -€9,013 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €68,546 | €128,488 | +€59,943 | +87.4% |
| Transfer from deferred taxes | 780 | €2,149 | €2,149 | = | 0.0% |
| Income taxes | 67/77 | €24,850 | €31,381 | +€6,532 | +26.3% |
| Profit (loss) for the period | 9904 | €45,845 | €99,256 | +€53,411 | +116.5% |
| Transfer from tax-exempt reserves | 789 | €6,447 | €6,447 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,292 | €105,703 | +€53,411 | +102.1% |
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 9 October 2026 via checked.be.