BREETON: 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.
BREETON
Largest movements
- Receivables within one year +€521,586
up €521,586 (+220.7%), from €236,353 to €757,940
of which Other amounts receivable: +€297,131
- Intangible fixed assets +€479,443
new in 2025: €479,443
- Tangible fixed assets +€443,958
up €443,958, from €0 to €443,958
of which Furniture and vehicles: +€232,165
- Cash +€62,560
up €62,560 (+8381.5%), from €746 to €63,307
mainly Debts after one year (+€840,765) and Trade debts (+€429,664)
- Debts after one year +€840,765
new in 2025: €840,765
- Trade debts +€429,664
up €429,664 (+1088.0%), from €39,493 to €469,156
- Current portion of long-term debt +€216,245
new in 2025: €216,245
- Tax, wage and social debts +€33,856
new in 2025: €33,856
of which Remuneration and social security: +€18,108
- Gross operating margin +€462,418
up €462,418 (+6727.0%), from €6,874 to €469,293
- Staff costs +€291,134
new in 2025: €291,134
- Depreciation +€174,561
up €174,561 (+8563.1%), from €2,039 to €176,600
- Write-downs +€18,688
up €18,688, from -€12,573 to €6,115
- Financial charges +€12,158
up €12,158 (+2122.4%), from €573 to €12,730
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 | €276,535 | €1,787,849 | +€1.5m | +546.5% |
| Fixed assets | 21/28 | €0 | €923,400 | +€923,400 | |
| Intangible fixed assets | 21 | - | €479,443 | +€479,443 | |
| Tangible fixed assets | 22/27 | €0 | €443,958 | +€443,958 | |
| Plant, machinery and equipment | 23 | €0 | €211,793 | +€211,793 | |
| Furniture and vehicles | 24 | - | €232,165 | +€232,165 | |
| Current assets | 29/58 | €276,535 | €864,448 | +€587,914 | +212.6% |
| Stocks and contracts in progress | 3 | €39,400 | €40,900 | +€1,500 | +3.8% |
| Stocks | 30/36 | €39,400 | €40,900 | +€1,500 | +3.8% |
| Amounts receivable within one year | 40/41 | €236,353 | €757,940 | +€521,586 | +220.7% |
| Trade receivables | 40 | €139,898 | €364,354 | +€224,456 | +160.4% |
| Other amounts receivable | 41 | €96,455 | €393,586 | +€297,131 | +308.1% |
| Cash at bank and in hand | 54/58 | €746 | €63,307 | +€62,560 | +8381.5% |
| Deferred charges and accrued income | 490/1 | €35 | €2,302 | +€2,267 | +6494.2% |
| Total equity and liabilities | 10/49 | €276,535 | €1,787,849 | +€1.5m | +546.5% |
| Equity | 10/15 | €184,804 | €168,060 | -€16,744 | -9.1% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €14,874 | €14,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,194 | €4,449 | -€16,744 | -79.0% |
| Amounts payable | 17/49 | €91,731 | €1,619,789 | +€1.5m | +1665.8% |
| Amounts payable after more than one year | 17 | - | €840,765 | +€840,765 | |
| Financial debts | 170/4 | - | €840,765 | +€840,765 | |
| Amounts payable within one year | 42/48 | €39,493 | €719,257 | +€679,765 | +1721.2% |
| Current portion of amounts payable after more than one year | 42 | - | €216,245 | +€216,245 | |
| Trade debts | 44 | €39,493 | €469,156 | +€429,664 | +1088.0% |
| Suppliers | 440/4 | €39,493 | €469,156 | +€429,664 | +1088.0% |
| Taxes, remuneration and social security | 45 | - | €33,856 | +€33,856 | |
| Taxes | 450/3 | - | €15,748 | +€15,748 | |
| Remuneration and social security | 454/9 | - | €18,108 | +€18,108 | |
| Accrued charges and deferred income | 492/3 | €52,238 | €59,767 | +€7,529 | +14.4% |
| Remuneration, social security and pensions | 62 | - | €291,134 | +€291,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,039 | €176,600 | +€174,561 | +8563.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,573 | €6,115 | +€18,688 | |
| Other operating charges | 640/8 | €13,255 | €6,539 | -€6,717 | -50.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €6,874 | €469,293 | +€462,418 | +6727.0% |
| Operating profit (loss) | 9901 | €4,153 | -€11,095 | -€15,248 | |
| Financial income | 75/76B | €3,289 | €7,081 | +€3,792 | +115.3% |
| Recurring financial income | 75 | €3,289 | €7,081 | +€3,792 | +115.3% |
| Financial charges | 65/66B | €573 | €12,730 | +€12,158 | +2122.4% |
| Recurring financial charges | 65 | €573 | €12,730 | +€12,158 | +2122.4% |
| Profit (loss) for the period before taxes | 9903 | €6,870 | -€16,744 | -€23,614 | |
| Profit (loss) for the period | 9904 | €6,870 | -€16,744 | -€23,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,870 | -€16,744 | -€23,614 |
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 4 October 2026 via checked.be.