Breitling Belux: 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.
Breitling Belux
Largest movements
- Receivables within one year -€454,529
down €454,529 (-50.4%), from €901,799 to €447,269
of which Trade receivables: -€478,265
- Stocks and contracts -€414,356
down €414,356 (-13.6%), from €3.0m to €2.6m
- Tangible fixed assets -€233,362
down €233,362 (-16.9%), from €1.4m to €1.1m
of which Plant, machinery and equipment: -€323,148
- Cash -€105,138
down €105,138 (-33.7%), from €312,084 to €206,946
mainly Trade debts (-€1.6m) and Investment in fixed assets (net) (-€169,688)
- Trade debts -€1.6m
down €1.6m (-41.3%), from €3.8m to €2.2m
- Profit (loss) carried forward +€203,416
up €203,416 (+19.9%), from €1.0m to €1.2m
- Tax, wage and social debts +€133,139
up €133,139 (+26.3%), from €505,403 to €638,542
of which Remuneration and social security: +€262,019
- Gross operating margin +€348,013
up €348,013 (+14.9%), from €2.3m to €2.7m
- Staff costs +€233,046
up €233,046 (+14.3%), from €1.6m to €1.9m
- Depreciation +€135,169
up €135,169 (+50.5%), from €267,881 to €403,050
- Other operating charges -€30,114
down €30,114 (-64.0%), from €47,079 to €16,966
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,662,428 | €4,433,841 | -€1.2m | -21.7% |
| Fixed assets | 21/28 | €1,377,560 | €1,144,199 | -€233,362 | -16.9% |
| Tangible fixed assets | 22/27 | €1,377,560 | €1,144,199 | -€233,362 | -16.9% |
| Plant, machinery and equipment | 23 | €1,106,273 | €783,125 | -€323,148 | -29.2% |
| Furniture and vehicles | 24 | €271,288 | €216,070 | -€55,218 | -20.4% |
| Assets under construction and advance payments | 27 | - | €145,003 | +€145,003 | |
| Current assets | 29/58 | €4,284,867 | €3,289,642 | -€995,225 | -23.2% |
| Stocks and contracts in progress | 3 | €3,049,782 | €2,635,426 | -€414,356 | -13.6% |
| Stocks | 30/36 | €3,049,782 | €2,635,426 | -€414,356 | -13.6% |
| Amounts receivable within one year | 40/41 | €901,799 | €447,269 | -€454,529 | -50.4% |
| Trade receivables | 40 | €895,496 | €417,231 | -€478,265 | -53.4% |
| Other amounts receivable | 41 | €6,303 | €30,038 | +€23,736 | +377% |
| Cash at bank and in hand | 54/58 | €312,084 | €206,946 | -€105,138 | -33.7% |
| Deferred charges and accrued income | 490/1 | €21,203 | - | -€21,203 | |
| Total equity and liabilities | 10/49 | €5,662,428 | €4,433,841 | -€1.2m | -21.7% |
| Equity | 10/15 | €1,322,696 | €1,526,111 | +€203,416 | +15.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,022,696 | €1,226,111 | +€203,416 | +19.9% |
| Provisions and deferred taxes | 16 | €42,917 | €46,401 | +€3,484 | +8.1% |
| Provisions for liabilities and charges | 160/5 | €42,917 | €46,401 | +€3,484 | +8.1% |
| Other liabilities and charges | 164/5 | €42,917 | €46,401 | +€3,484 | +8.1% |
| Amounts payable | 17/49 | €4,296,815 | €2,861,328 | -€1.4m | -33.4% |
| Amounts payable within one year | 42/48 | €4,269,322 | €2,861,328 | -€1.4m | -33.0% |
| Trade debts | 44 | €3,763,919 | €2,209,688 | -€1.6m | -41.3% |
| Suppliers | 440/4 | €3,763,919 | €2,209,688 | -€1.6m | -41.3% |
| Taxes, remuneration and social security | 45 | €505,403 | €638,542 | +€133,139 | +26.3% |
| Taxes | 450/3 | €145,468 | €16,588 | -€128,879 | -88.6% |
| Remuneration and social security | 454/9 | €359,935 | €621,954 | +€262,019 | +72.8% |
| Other amounts payable | 47/48 | - | €13,098 | +€13,098 | |
| Accrued charges and deferred income | 492/3 | €27,493 | - | -€27,493 | |
| Non-recurring operating income | 76A | - | €27,493 | +€27,493 | |
| Remuneration, social security and pensions | 62 | €1,625,020 | €1,858,066 | +€233,046 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,881 | €403,050 | +€135,169 | +50.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €130 | - | -€130 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,068 | €3,484 | +€6,552 | |
| Other operating charges | 640/8 | €47,079 | €16,966 | -€30,114 | -64.0% |
| Gross operating margin | 9900 | €2,331,856 | €2,679,869 | +€348,013 | +14.9% |
| Operating profit (loss) | 9901 | €394,814 | €398,303 | +€3,489 | +0.9% |
| Financial income | 75/76B | €218 | €10 | -€208 | -95.4% |
| Recurring financial income | 75 | €218 | €10 | -€208 | -95.4% |
| Financial charges | 65/66B | €72,677 | €90,027 | +€17,350 | +23.9% |
| Recurring financial charges | 65 | €72,677 | €90,027 | +€17,350 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €322,354 | €308,286 | -€14,068 | -4.4% |
| Income taxes | 67/77 | €84,880 | €104,870 | +€19,990 | +23.6% |
| Profit (loss) for the period | 9904 | €237,474 | €203,416 | -€34,058 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €237,474 | €203,416 | -€34,058 | -14.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.