BREUER - TECHNICAL - DEVELOPMENT: 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.
BREUER - TECHNICAL - DEVELOPMENT
Largest movements
- Receivables within one year +€6.7m
up €6.7m (+6907.9%), from €96,405 to €6.8m
of which Other amounts receivable: +€6.6m
- Cash -€1.0m
down €1.0m (-36.6%), from €2.7m to €1.7m
mainly Receivables within one year (-€6.7m) and Investment in fixed assets (net) (-€710,614)
- Tangible fixed assets +€497,360
up €497,360 (+167.9%), from €296,284 to €793,644
of which Land and buildings: +€368,119
- Intangible fixed assets +€114,145
new in 2025: €114,145
- Investment grants +€6.1m
up €6.1m (+260.0%), from €2.3m to €8.4m
- Financial income +€948,003
up €948,003 (+1270.9%), from €74,595 to €1.0m
- Gross operating margin -€306,769
down €306,769, from €65,819 to -€240,950
- Staff costs +€192,609
up €192,609 (+47.5%), from €405,634 to €598,243
- Taxes -€68,543
down €68,543 (-87.2%), from €78,636 to €10,093
- Depreciation -€58,120
down €58,120 (-37.0%), from €157,229 to €99,109
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 | €3,290,754 | €9,571,063 | +€6.3m | +190.8% |
| Fixed assets | 21/28 | €296,284 | €907,788 | +€611,505 | +206.4% |
| Intangible fixed assets | 21 | - | €114,145 | +€114,145 | |
| Tangible fixed assets | 22/27 | €296,284 | €793,644 | +€497,360 | +167.9% |
| Land and buildings | 22 | €90,047 | €458,166 | +€368,119 | +408.8% |
| Plant, machinery and equipment | 23 | €145,163 | €306,181 | +€161,018 | +110.9% |
| Furniture and vehicles | 24 | €61,074 | €29,297 | -€31,777 | -52.0% |
| Current assets | 29/58 | €2,994,470 | €8,663,274 | +€5.7m | +189.3% |
| Stocks and contracts in progress | 3 | €143,560 | €140,801 | -€2,759 | -1.9% |
| Stocks | 30/36 | €143,560 | €140,801 | -€2,759 | -1.9% |
| Amounts receivable within one year | 40/41 | €96,405 | €6,755,974 | +€6.7m | +6907.9% |
| Trade receivables | 40 | €57,653 | €99,261 | +€41,608 | +72.2% |
| Other amounts receivable | 41 | €38,752 | €6,656,713 | +€6.6m | +17077.9% |
| Cash at bank and in hand | 54/58 | €2,741,116 | €1,737,304 | -€1.0m | -36.6% |
| Deferred charges and accrued income | 490/1 | €13,390 | €29,195 | +€15,805 | +118.0% |
| Total equity and liabilities | 10/49 | €3,290,754 | €9,571,063 | +€6.3m | +190.8% |
| Equity | 10/15 | €3,135,088 | €9,270,022 | +€6.1m | +195.7% |
| Contributions | 10/11 | €100,000 | €111,000 | +€11,000 | +11.0% |
| Capital | 10 | €100,000 | - | -€100,000 | |
| Issued capital | 100 | €100,000 | - | -€100,000 | |
| Contributions outside capital | 11 | - | €111,000 | +€111,000 | |
| Other | 1109/19 | - | €111,000 | +€111,000 | |
| Revaluation surpluses | 12 | €154,808 | €154,808 | = | 0.0% |
| Reserves | 13 | €1,244,000 | €1,278,000 | +€34,000 | +2.7% |
| Non-distributable reserves | 130/1 | €11,000 | - | -€11,000 | |
| Legal reserve | 130 | €11,000 | - | -€11,000 | |
| Distributable reserves | 133 | €1,233,000 | €1,278,000 | +€45,000 | +3.6% |
| Profit (loss) carried forward | 14 | -€701,757 | -€690,383 | +€11,374 | +1.6% |
| Investment grants | 15 | €2,338,037 | €8,416,597 | +€6.1m | +260.0% |
| Amounts payable | 17/49 | €155,666 | €301,040 | +€145,374 | +93.4% |
| Amounts payable within one year | 42/48 | €155,666 | €301,040 | +€145,374 | +93.4% |
| Trade debts | 44 | €75,063 | €122,896 | +€47,833 | +63.7% |
| Suppliers | 440/4 | €75,063 | €122,896 | +€47,833 | +63.7% |
| Taxes, remuneration and social security | 45 | €80,603 | €130,644 | +€50,041 | +62.1% |
| Taxes | 450/3 | - | €2,500 | +€2,500 | |
| Remuneration and social security | 454/9 | €80,603 | €128,144 | +€47,541 | +59.0% |
| Other amounts payable | 47/48 | - | €47,500 | +€47,500 | |
| Remuneration, social security and pensions | 62 | €405,634 | €598,243 | +€192,609 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,229 | €99,109 | -€58,120 | -37.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€48,350 | -€48,350 | |
| Other operating charges | 640/8 | €12,483 | €15,094 | +€2,611 | +20.9% |
| Gross operating margin | 9900 | €65,819 | -€240,950 | -€306,769 | |
| Operating profit (loss) | 9901 | -€509,527 | -€905,046 | -€395,519 | -77.6% |
| Financial income | 75/76B | €74,595 | €1,022,598 | +€948,003 | +1270.9% |
| Recurring financial income | 75 | €74,595 | €1,022,598 | +€948,003 | +1270.9% |
| Financial charges | 65/66B | €938 | €1,085 | +€147 | +15.6% |
| Recurring financial charges | 65 | €938 | €1,085 | +€147 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€435,870 | €116,467 | +€552,337 | |
| Income taxes | 67/77 | €78,636 | €10,093 | -€68,543 | -87.2% |
| Profit (loss) for the period | 9904 | -€514,506 | €106,374 | +€620,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€514,506 | €106,374 | +€620,880 |
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 9 October 2026 via checked.be.