BREUGELMANS: 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.
BREUGELMANS
Largest movements
- Tangible fixed assets -€1,429
down €1,429 (-53.3%), from €2,683 to €1,254
of which Plant, machinery and equipment: -€1,050
- Deferred charges and accrued income +€288
up €288 (+74.3%), from €388 to €676
- Receivables within one year -€248
down €248 (-66.5%), from €373 to €125
of which Trade receivables: -€225
- Profit (loss) carried forward -€22,801
down €22,801 (-20.7%), from -€110,151 to -€132,952
- Other debts +€21,632
up €21,632 (+32.7%), from €66,245 to €87,877
- Tax, wage and social debts +€750
up €750 (+185%), from €405 to €1,155
of which Remuneration and social security: +€580
- Trade debts -€707
down €707 (-30.4%), from €2,327 to €1,620
- Short-term financial debts -€262
down €262 (-5.7%), from €4,618 to €4,356
- Gross operating margin -€6,991
down €6,991 (-58.6%), from -€11,929 to -€18,920
- Other operating charges +€952
new in 2025: €952
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.
Derived cash bridge
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 | €3,444 | €2,056 | -€1,388 | -40.3% |
| Fixed assets | 21/28 | €2,683 | €1,254 | -€1,429 | -53.3% |
| Tangible fixed assets | 22/27 | €2,683 | €1,254 | -€1,429 | -53.3% |
| Plant, machinery and equipment | 23 | €2,248 | €1,198 | -€1,050 | -46.7% |
| Furniture and vehicles | 24 | €435 | €56 | -€379 | -87.1% |
| Current assets | 29/58 | €761 | €802 | +€41 | +5.4% |
| Amounts receivable within one year | 40/41 | €373 | €125 | -€248 | -66.5% |
| Trade receivables | 40 | €350 | €125 | -€225 | -64.3% |
| Other amounts receivable | 41 | €23 | €0 | -€23 | -100% |
| Cash at bank and in hand | 54/58 | - | €1 | +€1 | |
| Deferred charges and accrued income | 490/1 | €388 | €676 | +€288 | +74.3% |
| Total equity and liabilities | 10/49 | €3,444 | €2,056 | -€1,388 | -40.3% |
| Equity | 10/15 | -€70,151 | -€92,952 | -€22,801 | -32.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,151 | -€132,952 | -€22,801 | -20.7% |
| Amounts payable | 17/49 | €73,595 | €95,008 | +€21,413 | +29.1% |
| Amounts payable within one year | 42/48 | €73,595 | €95,008 | +€21,413 | +29.1% |
| Financial debts | 43 | €4,618 | €4,356 | -€262 | -5.7% |
| Credit institutions | 430/8 | €4,618 | €4,356 | -€262 | -5.7% |
| Trade debts | 44 | €2,327 | €1,620 | -€707 | -30.4% |
| Suppliers | 440/4 | €2,327 | €1,620 | -€707 | -30.4% |
| Taxes, remuneration and social security | 45 | €405 | €1,155 | +€750 | +185% |
| Taxes | 450/3 | €405 | €574 | +€169 | +41.7% |
| Remuneration and social security | 454/9 | - | €580 | +€580 | |
| Other amounts payable | 47/48 | €66,245 | €87,877 | +€21,632 | +32.7% |
| Non-recurring operating income | 76A | - | €320 | +€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,428 | €1,429 | +€1 | 0.0% |
| Other operating charges | 640/8 | - | €952 | +€952 | |
| Gross operating margin | 9900 | -€11,929 | -€18,920 | -€6,991 | -58.6% |
| Operating profit (loss) | 9901 | -€13,357 | -€21,301 | -€7,944 | -59.5% |
| Financial income | 75/76B | - | €101 | +€101 | |
| Recurring financial income | 75 | - | €101 | +€101 | |
| Financial charges | 65/66B | €1,124 | €1,202 | +€78 | +6.9% |
| Recurring financial charges | 65 | €1,124 | €1,202 | +€78 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,481 | -€22,402 | -€7,921 | -54.7% |
| Income taxes | 67/77 | €209 | €398 | +€189 | +90.5% |
| Profit (loss) for the period | 9904 | -€14,690 | -€22,800 | -€8,110 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,690 | -€22,800 | -€8,110 | -55.2% |
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 27 October 2026 via checked.be.