BreiGoed: 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.
BreiGoed
Largest movements
- Stocks and contracts +€1.0m
up €1.0m (+58.6%), from €1.7m to €2.7m
of which Stocks: +€982,736
- Cash -€531,216
down €531,216 (-88.2%), from €602,539 to €71,323
mainly Stocks and contracts (-€1.0m) and Receivables within one year (-€138,201)
- Receivables within one year +€138,201
up €138,201 (+5,196%), from €2,660 to €140,860
of which Trade receivables: +€132,689
- Trade debts +€386,044
up €386,044 (+696%), from €55,429 to €441,472
- Short-term financial debts +€220,088
up €220,088 (+33.9%), from €650,000 to €870,088
- Gross operating margin -€657,847
down €657,847 (-92.8%), from €708,807 to €50,960
- Taxes -€186,782
down €186,782 (-98.0%), from €190,612 to €3,830
- Financial charges -€127,041
down €127,041 (-76.2%), from €166,826 to €39,785
of which Non-recurring financial charges: -€166,624
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 | €2,350,895 | €2,988,382 | +€637,487 | +27.1% |
| Fixed assets | 21/28 | €621 | €621 | = | 0.0% |
| Financial fixed assets | 28 | €621 | €621 | = | 0.0% |
| Current assets | 29/58 | €2,350,274 | €2,987,761 | +€637,487 | +27.1% |
| Stocks and contracts in progress | 3 | €1,730,307 | €2,743,863 | +€1.0m | +58.6% |
| Stocks | 30/36 | €1,604,642 | €2,587,378 | +€982,736 | +61.2% |
| Contracts in progress | 37 | €125,665 | €156,486 | +€30,821 | +24.5% |
| Amounts receivable within one year | 40/41 | €2,660 | €140,860 | +€138,201 | +5,196% |
| Trade receivables | 40 | €2,660 | €135,349 | +€132,689 | +4,988% |
| Other amounts receivable | 41 | - | €5,511 | +€5,511 | |
| Cash at bank and in hand | 54/58 | €602,539 | €71,323 | -€531,216 | -88.2% |
| Deferred charges and accrued income | 490/1 | €14,769 | €31,714 | +€16,945 | +115% |
| Total equity and liabilities | 10/49 | €2,350,895 | €2,988,382 | +€637,487 | +27.1% |
| Equity | 10/15 | €593,526 | €604,399 | +€10,872 | +1.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €343,000 | €354,000 | +€11,000 | +3.2% |
| Distributable reserves | 133 | €343,000 | €354,000 | +€11,000 | +3.2% |
| Profit (loss) carried forward | 14 | €526 | €399 | -€128 | -24.3% |
| Amounts payable | 17/49 | €1,757,369 | €2,383,983 | +€626,614 | +35.7% |
| Amounts payable after more than one year | 17 | €710,000 | €710,000 | = | 0.0% |
| Financial debts | 170/4 | €710,000 | €710,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,009,774 | €1,629,350 | +€619,576 | +61.4% |
| Financial debts | 43 | €650,000 | €870,088 | +€220,088 | +33.9% |
| Credit institutions | 430/8 | €650,000 | €870,088 | +€220,088 | +33.9% |
| Trade debts | 44 | €55,429 | €441,472 | +€386,044 | +696% |
| Suppliers | 440/4 | €55,429 | €441,472 | +€386,044 | +696% |
| Taxes, remuneration and social security | 45 | €201,210 | €192,163 | -€9,047 | -4.5% |
| Taxes | 450/3 | €201,210 | €192,163 | -€9,047 | -4.5% |
| Other amounts payable | 47/48 | €103,135 | €125,627 | +€22,492 | +21.8% |
| Accrued charges and deferred income | 492/3 | €37,595 | €44,633 | +€7,038 | +18.7% |
| Non-recurring operating income | 76A | €565,342 | - | -€565,342 | |
| Other operating charges | 640/8 | €3,913 | €1,143 | -€2,770 | -70.8% |
| Gross operating margin | 9900 | €708,807 | €50,960 | -€657,847 | -92.8% |
| Operating profit (loss) | 9901 | €704,895 | €49,818 | -€655,077 | -92.9% |
| Financial income | 75/76B | €2,988 | €4,670 | +€1,682 | +56.3% |
| Recurring financial income | 75 | €2,988 | €4,670 | +€1,682 | +56.3% |
| Financial charges | 65/66B | €166,826 | €39,785 | -€127,041 | -76.2% |
| Recurring financial charges | 65 | €202 | €39,785 | +€39,583 | +19,568% |
| Non-recurring financial charges | 66B | €166,624 | - | -€166,624 | |
| Profit (loss) for the period before taxes | 9903 | €541,057 | €14,703 | -€526,354 | -97.3% |
| Income taxes | 67/77 | €190,612 | €3,830 | -€186,782 | -98.0% |
| Profit (loss) for the period | 9904 | €350,444 | €10,872 | -€339,572 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €350,444 | €10,872 | -€339,572 | -96.9% |
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.