BREEZ: 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.
BREEZ
Largest movements
- Cash +€74,455
up €74,455 (+358%), from €20,798 to €95,254
mainly Net result for the year (+€70,489) and Tax, wage and social debts (+€3,128)
- Receivables within one year -€2,689
down €2,689 (-11.1%), from €24,149 to €21,460
of which Trade receivables: -€2,689
- Reserves +€69,839
up €69,839 (+296%), from €23,591 to €93,430
- Accrued charges and deferred income -€3,305
down €3,305 (-60.2%), from €5,495 to €2,190
- Tax, wage and social debts +€3,128
up €3,128 (+35.5%), from €8,806 to €11,934
- Trade debts +€2,458
up €2,458 (+129%), from €1,910 to €4,368
- Gross operating margin +€58,213
up €58,213 (+180%), from €32,305 to €90,519
- Taxes +€12,338
up €12,338 (+197%), from €6,251 to €18,589
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 | €47,548 | €118,986 | +€71,438 | +150% |
| Formation expenses | 20 | €395 | - | -€395 | |
| Fixed assets | 21/28 | €2,124 | €2,227 | +€103 | +4.8% |
| Tangible fixed assets | 22/27 | €2,124 | €2,227 | +€103 | +4.8% |
| Plant, machinery and equipment | 23 | €2,124 | €2,227 | +€103 | +4.8% |
| Current assets | 29/58 | €45,029 | €116,759 | +€71,729 | +159% |
| Amounts receivable within one year | 40/41 | €24,149 | €21,460 | -€2,689 | -11.1% |
| Trade receivables | 40 | €18,392 | €15,703 | -€2,689 | -14.6% |
| Other amounts receivable | 41 | €5,757 | €5,757 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,798 | €95,254 | +€74,455 | +358% |
| Deferred charges and accrued income | 490/1 | €82 | €45 | -€37 | -45.3% |
| Total equity and liabilities | 10/49 | €47,548 | €118,986 | +€71,438 | +150% |
| Equity | 10/15 | €28,591 | €98,430 | +€69,839 | +244% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,591 | €93,430 | +€69,839 | +296% |
| Distributable reserves | 133 | €23,591 | €93,430 | +€69,839 | +296% |
| Amounts payable | 17/49 | €18,957 | €20,556 | +€1,599 | +8.4% |
| Amounts payable within one year | 42/48 | €13,462 | €18,366 | +€4,904 | +36.4% |
| Trade debts | 44 | €1,910 | €4,368 | +€2,458 | +129% |
| Suppliers | 440/4 | €1,910 | €4,368 | +€2,458 | +129% |
| Taxes, remuneration and social security | 45 | €8,806 | €11,934 | +€3,128 | +35.5% |
| Taxes | 450/3 | €8,806 | €11,934 | +€3,128 | +35.5% |
| Other amounts payable | 47/48 | €2,746 | €2,065 | -€682 | -24.8% |
| Accrued charges and deferred income | 492/3 | €5,495 | €2,190 | -€3,305 | -60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,032 | €1,109 | +€77 | +7.5% |
| Other operating charges | 640/8 | €782 | €276 | -€506 | -64.7% |
| Gross operating margin | 9900 | €32,305 | €90,519 | +€58,213 | +180% |
| Operating profit (loss) | 9901 | €30,492 | €89,134 | +€58,643 | +192% |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €0 | €108 | +€107 | +33,509% |
| Recurring financial charges | 65 | €0 | €108 | +€107 | +33,509% |
| Profit (loss) for the period before taxes | 9903 | €30,491 | €89,078 | +€58,586 | +192% |
| Income taxes | 67/77 | €6,251 | €18,589 | +€12,338 | +197% |
| Profit (loss) for the period | 9904 | €24,241 | €70,489 | +€46,248 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €24,241 | €70,489 | +€46,248 | +191% |
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 16 October 2026 via checked.be.