BREORAD: 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.
BREORAD
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€43,913
down €43,913 (-100.0%), from €43,913 to €0
- Cash -€19,681
down €19,681 (-54.7%), from €35,985 to €16,304
mainly Current investments (-€100,000) and Receivables within one year (-€5,166)
- Receivables within one year +€5,166
up €5,166 (+111.4%), from €4,637 to €9,803
- Reserves +€49,948
up €49,948 (+81.7%), from €61,163 to €111,111
- Current portion of long-term debt -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Tax, wage and social debts -€2,861
down €2,861 (-18.0%), from €15,871 to €13,011
- Gross operating margin +€20,740
up €20,740 (+23.9%), from €86,925 to €107,665
- Depreciation -€9,060
down €9,060 (-100.0%), from €9,060 to €0
- Taxes -€2,823
down €2,823 (-17.8%), from €15,887 to €13,064
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 | €84,534 | €127,377 | +€42,843 | +50.7% |
| Fixed assets | 21/28 | €43,913 | €0 | -€43,913 | -100.0% |
| Tangible fixed assets | 22/27 | €43,913 | €0 | -€43,913 | -100.0% |
| Furniture and vehicles | 24 | €43,913 | €0 | -€43,913 | -100.0% |
| Current assets | 29/58 | €40,621 | €127,377 | +€86,756 | +213.6% |
| Amounts receivable within one year | 40/41 | €4,637 | €9,803 | +€5,166 | +111.4% |
| Other amounts receivable | 41 | €4,637 | €9,803 | +€5,166 | +111.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €35,985 | €16,304 | -€19,681 | -54.7% |
| Deferred charges and accrued income | 490/1 | - | €1,270 | +€1,270 | |
| Total equity and liabilities | 10/49 | €84,534 | €127,377 | +€42,843 | +50.7% |
| Equity | 10/15 | €63,663 | €113,611 | +€49,948 | +78.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €61,163 | €111,111 | +€49,948 | +81.7% |
| Distributable reserves | 133 | €61,163 | €111,111 | +€49,948 | +81.7% |
| Amounts payable | 17/49 | €20,871 | €13,767 | -€7,105 | -34.0% |
| Amounts payable within one year | 42/48 | €20,871 | €13,767 | -€7,105 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €0 | -€5,000 | -100.0% |
| Financial debts | 43 | - | €216 | +€216 | |
| Credit institutions | 430/8 | - | €216 | +€216 | |
| Trade debts | 44 | - | €540 | +€540 | |
| Suppliers | 440/4 | - | €540 | +€540 | |
| Taxes, remuneration and social security | 45 | €15,871 | €13,011 | -€2,861 | -18.0% |
| Taxes | 450/3 | €15,871 | €13,011 | -€2,861 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,060 | €0 | -€9,060 | -100.0% |
| Other operating charges | 640/8 | €957 | €860 | -€97 | -10.1% |
| Non-recurring operating charges | 66A | - | €43,913 | +€43,913 | |
| Gross operating margin | 9900 | €86,925 | €107,665 | +€20,740 | +23.9% |
| Operating profit (loss) | 9901 | €76,907 | €62,892 | -€14,015 | -18.2% |
| Financial income | 75/76B | €193 | €565 | +€372 | +192.3% |
| Recurring financial income | 75 | €193 | €565 | +€372 | +192.3% |
| Financial charges | 65/66B | €51 | €445 | +€395 | +781.3% |
| Recurring financial charges | 65 | €51 | €445 | +€395 | +781.3% |
| Profit (loss) for the period before taxes | 9903 | €77,050 | €63,012 | -€14,039 | -18.2% |
| Income taxes | 67/77 | €15,887 | €13,064 | -€2,823 | -17.8% |
| Profit (loss) for the period | 9904 | €61,163 | €49,948 | -€11,215 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,163 | €49,948 | -€11,215 | -18.3% |
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.