BRETOY: 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.
BRETOY
Largest movements
- Current investments +€74,358
up €74,358 (+4.9%), from €1.5m to €1.6m
- Profit (loss) carried forward +€168,272
up €168,272 (+21.7%), from €775,044 to €943,316
- Revaluation surpluses -€51,672
down €51,672 (-19.0%), from €272,310 to €220,638
- Reserves -€39,728
down €39,728 (-8.9%), from €444,900 to €405,172
of which Distributable reserves: -€39,728
- Other debts +€29,769
up €29,769 (+289.3%), from €10,291 to €40,060
- Financial income +€66,948
up €66,948 (+73.7%), from €90,821 to €157,769
- Taxes +€53,079
up €53,079 (+143.6%), from €36,976 to €90,055
- Gross operating margin +€8,495
up €8,495 (+6.6%), from €127,832 to €136,327
- Financial charges -€5,918
down €5,918 (-43.2%), from €13,708 to €7,790
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 | €2,339,366 | €2,443,540 | +€104,174 | +4.5% |
| Fixed assets | 21/28 | €803,904 | €806,886 | +€2,982 | +0.4% |
| Tangible fixed assets | 22/27 | €803,904 | €806,886 | +€2,982 | +0.4% |
| Land and buildings | 22 | €511,245 | €511,245 | = | 0.0% |
| Plant, machinery and equipment | 23 | €292,457 | €295,641 | +€3,184 | +1.1% |
| Furniture and vehicles | 24 | €202 | - | -€202 | |
| Current assets | 29/58 | €1,535,463 | €1,636,654 | +€101,192 | +6.6% |
| Amounts receivable within one year | 40/41 | €20,604 | €34,951 | +€14,347 | +69.6% |
| Trade receivables | 40 | - | €1,755 | +€1,755 | |
| Other amounts receivable | 41 | €20,604 | €33,196 | +€12,592 | +61.1% |
| Current investments | 50/53 | €1,514,228 | €1,588,586 | +€74,358 | +4.9% |
| Cash at bank and in hand | 54/58 | €193 | €12,657 | +€12,464 | +6455.1% |
| Deferred charges and accrued income | 490/1 | €438 | €460 | +€23 | +5.2% |
| Total equity and liabilities | 10/49 | €2,339,366 | €2,443,540 | +€104,174 | +4.5% |
| Equity | 10/15 | €1,992,254 | €2,069,126 | +€76,872 | +3.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €272,310 | €220,638 | -€51,672 | -19.0% |
| Reserves | 13 | €444,900 | €405,172 | -€39,728 | -8.9% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €394,900 | €355,172 | -€39,728 | -10.1% |
| Profit (loss) carried forward | 14 | €775,044 | €943,316 | +€168,272 | +21.7% |
| Amounts payable | 17/49 | €347,113 | €374,414 | +€27,301 | +7.9% |
| Amounts payable after more than one year | 17 | €297,105 | €279,662 | -€17,443 | -5.9% |
| Financial debts | 170/4 | €297,105 | €279,662 | -€17,443 | -5.9% |
| Amounts payable within one year | 42/48 | €46,997 | €94,752 | +€47,755 | +101.6% |
| Current portion of amounts payable after more than one year | 42 | €17,149 | €17,443 | +€294 | +1.7% |
| Trade debts | 44 | €391 | €249 | -€141 | -36.2% |
| Suppliers | 440/4 | €391 | €249 | -€141 | -36.2% |
| Taxes, remuneration and social security | 45 | €19,167 | €37,000 | +€17,833 | +93.0% |
| Taxes | 450/3 | €14,127 | €32,860 | +€18,733 | +132.6% |
| Remuneration and social security | 454/9 | €5,040 | €4,140 | -€900 | -17.9% |
| Other amounts payable | 47/48 | €10,291 | €40,060 | +€29,769 | +289.3% |
| Accrued charges and deferred income | 492/3 | €3,010 | - | -€3,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,402 | €16,172 | +€771 | +5.0% |
| Other operating charges | 640/8 | €11,300 | €11,807 | +€508 | +4.5% |
| Gross operating margin | 9900 | €127,832 | €136,327 | +€8,495 | +6.6% |
| Operating profit (loss) | 9901 | €101,131 | €108,348 | +€7,217 | +7.1% |
| Financial income | 75/76B | €90,821 | €157,769 | +€66,948 | +73.7% |
| Recurring financial income | 75 | €90,821 | €157,769 | +€66,948 | +73.7% |
| Financial charges | 65/66B | €13,708 | €7,790 | -€5,918 | -43.2% |
| Recurring financial charges | 65 | €13,708 | €7,790 | -€5,918 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €178,244 | €258,327 | +€80,083 | +44.9% |
| Income taxes | 67/77 | €36,976 | €90,055 | +€53,079 | +143.6% |
| Profit (loss) for the period | 9904 | €141,269 | €168,272 | +€27,003 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €141,269 | €168,272 | +€27,003 | +19.1% |
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 5 October 2026 via checked.be.