BREEZEWAY: 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.
BREEZEWAY
Largest movements
- Tangible fixed assets +€604,417
up €604,417 (+227.6%), from €265,587 to €870,004
of which Land and buildings: +€697,931
- Receivables within one year -€209,550
down €209,550 (-47.1%), from €445,108 to €235,558
of which Trade receivables: -€226,677
- Cash -€64,103
down €64,103 (-23.9%), from €268,594 to €204,491
mainly Investment in fixed assets (net) (-€653,965) and Stocks and contracts (-€5,776)
- Reserves +€145,703
up €145,703 (+22.9%), from €637,519 to €783,222
- Debts after one year +€105,369
up €105,369 (+148.5%), from €70,949 to €176,318
- Trade debts +€44,622
up €44,622 (+33.9%), from €131,524 to €176,146
- Current portion of long-term debt +€27,483
up €27,483 (+113.1%), from €24,297 to €51,780
- Gross operating margin -€80,673
down €80,673 (-7.2%), from €1.1m to €1.0m
- Taxes -€48,742
down €48,742 (-50.1%), from €97,208 to €48,467
- Staff costs -€16,354
down €16,354 (-2.1%), from €766,380 to €750,026
- Financial charges +€14,275
up €14,275 (+183.4%), from €7,785 to €22,060
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 | €1,008,560 | €1,345,589 | +€337,029 | +33.4% |
| Fixed assets | 21/28 | €265,587 | €870,004 | +€604,417 | +227.6% |
| Tangible fixed assets | 22/27 | €265,587 | €870,004 | +€604,417 | +227.6% |
| Land and buildings | 22 | €137,692 | €835,624 | +€697,931 | +506.9% |
| Plant, machinery and equipment | 23 | €118,732 | €27,620 | -€91,111 | -76.7% |
| Furniture and vehicles | 24 | €9,163 | €6,760 | -€2,403 | -26.2% |
| Current assets | 29/58 | €742,973 | €475,585 | -€267,388 | -36.0% |
| Stocks and contracts in progress | 3 | €18,838 | €24,614 | +€5,776 | +30.7% |
| Stocks | 30/36 | €18,838 | €24,614 | +€5,776 | +30.7% |
| Amounts receivable within one year | 40/41 | €445,108 | €235,558 | -€209,550 | -47.1% |
| Trade receivables | 40 | €230,334 | €3,657 | -€226,677 | -98.4% |
| Other amounts receivable | 41 | €214,774 | €231,901 | +€17,128 | +8.0% |
| Cash at bank and in hand | 54/58 | €268,594 | €204,491 | -€64,103 | -23.9% |
| Deferred charges and accrued income | 490/1 | €10,433 | €10,922 | +€489 | +4.7% |
| Total equity and liabilities | 10/49 | €1,008,560 | €1,345,589 | +€337,029 | +33.4% |
| Equity | 10/15 | €656,119 | €801,822 | +€145,703 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €637,519 | €783,222 | +€145,703 | +22.9% |
| Distributable reserves | 133 | €637,519 | €783,222 | +€145,703 | +22.9% |
| Amounts payable | 17/49 | €352,441 | €543,767 | +€191,326 | +54.3% |
| Amounts payable after more than one year | 17 | €70,949 | €176,318 | +€105,369 | +148.5% |
| Financial debts | 170/4 | €70,949 | €176,318 | +€105,369 | +148.5% |
| Amounts payable within one year | 42/48 | €281,492 | €367,400 | +€85,908 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €24,297 | €51,780 | +€27,483 | +113.1% |
| Financial debts | 43 | €12,127 | €15,165 | +€3,038 | +25.1% |
| Credit institutions | 430/8 | €12,127 | €15,165 | +€3,038 | +25.1% |
| Trade debts | 44 | €131,524 | €176,146 | +€44,622 | +33.9% |
| Suppliers | 440/4 | €131,524 | €176,146 | +€44,622 | +33.9% |
| Taxes, remuneration and social security | 45 | €113,544 | €123,410 | +€9,865 | +8.7% |
| Taxes | 450/3 | €36,180 | €46,971 | +€10,791 | +29.8% |
| Remuneration and social security | 454/9 | €77,364 | €76,439 | -€926 | -1.2% |
| Other amounts payable | 47/48 | - | €900 | +€900 | |
| Accrued charges and deferred income | 492/3 | - | €49 | +€49 | |
| Non-recurring operating income | 76A | - | €379 | +€379 | |
| Remuneration, social security and pensions | 62 | €766,380 | €750,026 | -€16,354 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,655 | €49,548 | +€6,893 | +16.2% |
| Other operating charges | 640/8 | €3,602 | €9,312 | +€5,710 | +158.5% |
| Non-recurring operating charges | 66A | - | €16,196 | +€16,196 | |
| Gross operating margin | 9900 | €1,121,664 | €1,040,991 | -€80,673 | -7.2% |
| Operating profit (loss) | 9901 | €309,027 | €215,909 | -€93,118 | -30.1% |
| Financial income | 75/76B | €433 | €321 | -€112 | -26.0% |
| Recurring financial income | 75 | €433 | €321 | -€112 | -26.0% |
| Financial charges | 65/66B | €7,785 | €22,060 | +€14,275 | +183.4% |
| Recurring financial charges | 65 | €7,785 | €22,060 | +€14,275 | +183.4% |
| Profit (loss) for the period before taxes | 9903 | €301,675 | €194,170 | -€107,505 | -35.6% |
| Income taxes | 67/77 | €97,208 | €48,467 | -€48,742 | -50.1% |
| Profit (loss) for the period | 9904 | €204,466 | €145,703 | -€58,763 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €204,466 | €145,703 | -€58,763 | -28.7% |
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.