BREUGELKAAS: what changed
What changed
BREUGELKAAS
NACE 46.331, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€157,673
2024 · €228,249-€70,577
Equity
€961,154
2024 · €961,154
Cash
€111,412
2024 · €73,908+€37,504
Balance sheet total
€2.5m
2024 · €2.1m+€385,624
Largest movements
Assets
- Receivables within one year +€193,819
up €193,819 (+20.8%), from €931,991 to €1.1m
of which Other amounts receivable: +€158,710
- Tangible fixed assets +€108,741
up €108,741 (+11.8%), from €918,601 to €1.0m
of which Plant, machinery and equipment: +€171,766
- Stocks and contracts +€41,195
up €41,195 (+29.2%), from €141,055 to €182,250
- Cash +€37,504
up €37,504 (+50.7%), from €73,908 to €111,412
mainly Short-term financial debts (+€225,000) and Depreciation (+€157,838)
Equity and liabilities
- Short-term financial debts +€225,000
new in 2025: €225,000
- Debts after one year +€128,842
up €128,842 (+57.2%), from €225,262 to €354,104
- Tax, wage and social debts -€96,561
down €96,561 (-34.5%), from €279,727 to €183,167
of which Taxes: -€117,396
- Trade debts +€75,364
up €75,364 (+11.8%), from €639,413 to €714,776
- Current portion of long-term debt +€38,185
up €38,185 (+330%), from €11,556 to €49,741
Income statement
- Staff costs +€106,750
up €106,750 (+21.2%), from €502,512 to €609,262
- Gross operating margin +€79,002
up €79,002 (+8.5%), from €925,962 to €1.0m
- Depreciation +€53,113
up €53,113 (+50.7%), from €104,725 to €157,838
- Taxes -€32,062
down €32,062 (-38.4%), from €83,430 to €51,369
- Financial charges +€12,980
up €12,980 (+84.0%), from €15,445 to €28,425
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€228,249
Gross operating margin
+€79,002
Staff costs
-€106,750
Depreciation
-€53,113
Other operating charges
-€388
Other operating items
-€2,417
Financial income
-€5,992
Financial charges
-€12,980
Taxes
+€32,062
Result 2025
€157,673
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€69,729
Investment
-€266,579
Financing
+€234,355
Cash 2024
€73,908
From operations (derived)
+€69,729
Net result for the year
+€157,673
Depreciation
+€157,838
Stocks and contracts
-€41,195
Receivables within one year
-€193,819
Deferred charges and accrued income
-€4,364
Trade debts
+€75,364
Tax, wage and social debts
-€96,561
Other debts
+€14,794
Investment (derived)
-€266,579
Investment in fixed assets (net)
-€266,579
Financing
+€234,355
Debts after one year
+€128,842
Current portion of long-term debt
+€38,185
Short-term financial debts
+€225,000
Contributions, distributions and other
-€157,673
Cash 2025
€111,412
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,128,264 | €2,513,888 | +€385,624 | +18.1% |
| Fixed assets | 21/28 | €981,311 | €1,090,052 | +€108,741 | +11.1% |
| Tangible fixed assets | 22/27 | €918,601 | €1,027,342 | +€108,741 | +11.8% |
| Plant, machinery and equipment | 23 | €178,045 | €349,812 | +€171,766 | +96.5% |
| Furniture and vehicles | 24 | €50,205 | €44,356 | -€5,849 | -11.6% |
| Other tangible fixed assets | 26 | €690,351 | €633,174 | -€57,177 | -8.3% |
| Financial fixed assets | 28 | €62,710 | €62,710 | = | 0.0% |
| Current assets | 29/58 | €1,146,953 | €1,423,836 | +€276,883 | +24.1% |
| Stocks and contracts in progress | 3 | €141,055 | €182,250 | +€41,195 | +29.2% |
| Stocks | 30/36 | €141,055 | €182,250 | +€41,195 | +29.2% |
| Amounts receivable within one year | 40/41 | €931,991 | €1,125,810 | +€193,819 | +20.8% |
| Trade receivables | 40 | €884,542 | €919,652 | +€35,109 | +4.0% |
| Other amounts receivable | 41 | €47,448 | €206,158 | +€158,710 | +334% |
| Cash at bank and in hand | 54/58 | €73,908 | €111,412 | +€37,504 | +50.7% |
| Deferred charges and accrued income | 490/1 | - | €4,364 | +€4,364 | |
| Total equity and liabilities | 10/49 | €2,128,264 | €2,513,888 | +€385,624 | +18.1% |
| Equity | 10/15 | €961,154 | €961,154 | = | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €899,154 | €899,154 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €892,954 | €892,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,167,110 | €1,552,734 | +€385,624 | +33.0% |
| Amounts payable after more than one year | 17 | €225,262 | €354,104 | +€128,842 | +57.2% |
| Financial debts | 170/4 | €225,262 | €354,104 | +€128,842 | +57.2% |
| Amounts payable within one year | 42/48 | €941,848 | €1,198,629 | +€256,782 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €11,556 | €49,741 | +€38,185 | +330% |
| Financial debts | 43 | - | €225,000 | +€225,000 | |
| Credit institutions | 430/8 | - | €225,000 | +€225,000 | |
| Trade debts | 44 | €639,413 | €714,776 | +€75,364 | +11.8% |
| Suppliers | 440/4 | €639,413 | €714,776 | +€75,364 | +11.8% |
| Taxes, remuneration and social security | 45 | €279,727 | €183,167 | -€96,561 | -34.5% |
| Taxes | 450/3 | €211,771 | €94,374 | -€117,396 | -55.4% |
| Remuneration and social security | 454/9 | €67,957 | €88,792 | +€20,836 | +30.7% |
| Other amounts payable | 47/48 | €11,152 | €25,945 | +€14,794 | +133% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €502,512 | €609,262 | +€106,750 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,725 | €157,838 | +€53,113 | +50.7% |
| Other operating charges | 640/8 | €3,409 | €3,797 | +€388 | +11.4% |
| Non-recurring operating charges | 66A | €0 | €2,417 | +€2,417 | |
| Gross operating margin | 9900 | €925,962 | €1,004,964 | +€79,002 | +8.5% |
| Operating profit (loss) | 9901 | €315,317 | €231,651 | -€83,666 | -26.5% |
| Financial income | 75/76B | €11,808 | €5,816 | -€5,992 | -50.7% |
| Recurring financial income | 75 | €11,808 | €5,816 | -€5,992 | -50.7% |
| Financial charges | 65/66B | €15,445 | €28,425 | +€12,980 | +84.0% |
| Recurring financial charges | 65 | €15,445 | €28,425 | +€12,980 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | €311,680 | €209,041 | -€102,638 | -32.9% |
| Income taxes | 67/77 | €83,430 | €51,369 | -€32,062 | -38.4% |
| Profit (loss) for the period | 9904 | €228,249 | €157,673 | -€70,577 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €228,249 | €157,673 | -€70,577 | -30.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.