BRETON: 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.
BRETON
Largest movements
- Stocks and contracts -€39,340
no longer reported in 2025 (was €39,340)
- Cash +€26,465
up €26,465 (+21.5%), from €122,855 to €149,320
mainly Stocks and contracts (+€39,340) and Receivables within one year (+€16,398)
- Receivables within one year -€16,398
down €16,398 (-66.2%), from €24,755 to €8,356
of which Trade receivables: -€15,669
- Tangible fixed assets -€14,433
down €14,433 (-70.0%), from €20,628 to €6,194
of which Other tangible fixed assets: -€8,223
- Trade debts -€22,761
down €22,761 (-81.2%), from €28,038 to €5,277
- Profit (loss) carried forward -€13,592
down €13,592 (-37.3%), from €36,484 to €22,893
- Accrued charges and deferred income -€3,830
down €3,830 (-88.6%), from €4,321 to €491
- Tax, wage and social debts -€2,296
down €2,296 (-34.6%), from €6,630 to €4,334
of which Remuneration and social security: -€2,262
- Depreciation -€4,862
down €4,862 (-46.1%), from €10,537 to €5,675
- Staff costs +€2,365
up €2,365 (+5.8%), from €40,739 to €43,104
- Gross operating margin +€812
up €812 (+1.7%), from €48,802 to €49,615
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 | €209,986 | €166,452 | -€43,534 | -20.7% |
| Fixed assets | 21/28 | €20,628 | €6,194 | -€14,433 | -70.0% |
| Tangible fixed assets | 22/27 | €20,628 | €6,194 | -€14,433 | -70.0% |
| Plant, machinery and equipment | 23 | €3,640 | €2,255 | -€1,386 | -38.1% |
| Furniture and vehicles | 24 | €8,764 | €3,940 | -€4,825 | -55.0% |
| Other tangible fixed assets | 26 | €8,223 | - | -€8,223 | |
| Current assets | 29/58 | €189,358 | €160,258 | -€29,101 | -15.4% |
| Stocks and contracts in progress | 3 | €39,340 | - | -€39,340 | |
| Stocks | 30/36 | €39,340 | - | -€39,340 | |
| Amounts receivable within one year | 40/41 | €24,755 | €8,356 | -€16,398 | -66.2% |
| Trade receivables | 40 | €23,672 | €8,003 | -€15,669 | -66.2% |
| Other amounts receivable | 41 | €1,082 | €353 | -€730 | -67.4% |
| Cash at bank and in hand | 54/58 | €122,855 | €149,320 | +€26,465 | +21.5% |
| Deferred charges and accrued income | 490/1 | €2,409 | €2,581 | +€172 | +7.2% |
| Total equity and liabilities | 10/49 | €209,986 | €166,452 | -€43,534 | -20.7% |
| Equity | 10/15 | €144,412 | €130,821 | -€13,592 | -9.4% |
| Contributions | 10/11 | €21,071 | €21,071 | = | 0.0% |
| Reserves | 13 | €86,857 | €86,857 | = | 0.0% |
| Distributable reserves | 133 | €86,857 | €86,857 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,484 | €22,893 | -€13,592 | -37.3% |
| Amounts payable | 17/49 | €65,574 | €35,631 | -€29,942 | -45.7% |
| Amounts payable within one year | 42/48 | €61,253 | €35,140 | -€26,113 | -42.6% |
| Trade debts | 44 | €28,038 | €5,277 | -€22,761 | -81.2% |
| Suppliers | 440/4 | €28,038 | €5,277 | -€22,761 | -81.2% |
| Taxes, remuneration and social security | 45 | €6,630 | €4,334 | -€2,296 | -34.6% |
| Taxes | 450/3 | €853 | €820 | -€33 | -3.9% |
| Remuneration and social security | 454/9 | €5,777 | €3,515 | -€2,262 | -39.2% |
| Other amounts payable | 47/48 | €26,585 | €25,529 | -€1,056 | -4.0% |
| Accrued charges and deferred income | 492/3 | €4,321 | €491 | -€3,830 | -88.6% |
| Non-recurring operating income | 76A | - | €4,050 | +€4,050 | |
| Remuneration, social security and pensions | 62 | €40,739 | €43,104 | +€2,365 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,537 | €5,675 | -€4,862 | -46.1% |
| Other operating charges | 640/8 | €3,752 | €3,726 | -€26 | -0.7% |
| Non-recurring operating charges | 66A | - | €9,391 | +€9,391 | |
| Gross operating margin | 9900 | €48,802 | €49,615 | +€812 | +1.7% |
| Operating profit (loss) | 9901 | -€6,225 | -€12,281 | -€6,056 | -97.3% |
| Financial income | 75/76B | €2 | €7 | +€5 | +234.0% |
| Recurring financial income | 75 | €2 | €7 | +€5 | +234.0% |
| Financial charges | 65/66B | €951 | €1,034 | +€83 | +8.8% |
| Recurring financial charges | 65 | €951 | €1,034 | +€83 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,174 | -€13,308 | -€6,134 | -85.5% |
| Income taxes | 67/77 | €212 | €283 | +€72 | +33.9% |
| Profit (loss) for the period | 9904 | -€7,386 | -€13,592 | -€6,206 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,386 | -€13,592 | -€6,206 | -84.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.