Breughel: 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.
Breughel
Largest movements
- Tangible fixed assets -€14,668
down €14,668 (-25.5%), from €57,611 to €42,944
- Receivables within one year +€3,625
up €3,625 (+176%), from €2,057 to €5,682
of which Trade receivables: +€4,065
- Stocks and contracts +€1,600
up €1,600 (+13.3%), from €12,025 to €13,626
- Profit (loss) carried forward -€38,862
down €38,862, from €33,480 to -€5,382
- Tax, wage and social debts +€15,969
up €15,969 (+74.9%), from €21,310 to €37,279
of which Remuneration and social security: +€11,053
- Trade debts +€10,755
up €10,755 (+51.9%), from €20,717 to €31,472
- Debts after one year -€9,246
down €9,246 (-89.4%), from €10,341 to €1,095
- Current portion of long-term debt +€7,237
up €7,237 (+168%), from €4,299 to €11,536
- Gross operating margin -€51,718
down €51,718 (-25.7%), from €201,286 to €149,568
- Taxes +€6,000
new in 2025: €6,000
- Staff costs -€2,846
down €2,846 (-1.7%), from €163,861 to €161,015
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 | €98,346 | €89,881 | -€8,465 | -8.6% |
| Fixed assets | 21/28 | €61,868 | €47,200 | -€14,668 | -23.7% |
| Tangible fixed assets | 22/27 | €57,611 | €42,944 | -€14,668 | -25.5% |
| Land and buildings | 22 | €43,500 | €36,200 | -€7,300 | -16.8% |
| Plant, machinery and equipment | 23 | €6,783 | €3,939 | -€2,844 | -41.9% |
| Furniture and vehicles | 24 | €7,329 | €2,805 | -€4,524 | -61.7% |
| Financial fixed assets | 28 | €4,257 | €4,257 | = | 0.0% |
| Current assets | 29/58 | €36,478 | €42,680 | +€6,202 | +17.0% |
| Stocks and contracts in progress | 3 | €12,025 | €13,626 | +€1,600 | +13.3% |
| Stocks | 30/36 | €12,025 | €13,626 | +€1,600 | +13.3% |
| Amounts receivable within one year | 40/41 | €2,057 | €5,682 | +€3,625 | +176% |
| Trade receivables | 40 | €1,617 | €5,682 | +€4,065 | +251% |
| Other amounts receivable | 41 | €440 | - | -€440 | |
| Cash at bank and in hand | 54/58 | €22,395 | €23,372 | +€977 | +4.4% |
| Total equity and liabilities | 10/49 | €98,346 | €89,881 | -€8,465 | -8.6% |
| Equity | 10/15 | €41,680 | €2,818 | -€38,862 | -93.2% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Contributions outside capital | 11 | €8,200 | €8,200 | = | 0.0% |
| Other | 1109/19 | €8,200 | €8,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,480 | -€5,382 | -€38,862 | |
| Amounts payable | 17/49 | €56,666 | €87,062 | +€30,396 | +53.6% |
| Amounts payable after more than one year | 17 | €10,341 | €1,095 | -€9,246 | -89.4% |
| Financial debts | 170/4 | €10,341 | €1,095 | -€9,246 | -89.4% |
| Amounts payable within one year | 42/48 | €46,326 | €85,968 | +€39,642 | +85.6% |
| Current portion of amounts payable after more than one year | 42 | €4,299 | €11,536 | +€7,237 | +168% |
| Trade debts | 44 | €20,717 | €31,472 | +€10,755 | +51.9% |
| Suppliers | 440/4 | €20,717 | €31,472 | +€10,755 | +51.9% |
| Taxes, remuneration and social security | 45 | €21,310 | €37,279 | +€15,969 | +74.9% |
| Taxes | 450/3 | €16,613 | €21,530 | +€4,917 | +29.6% |
| Remuneration and social security | 454/9 | €4,697 | €15,749 | +€11,053 | +235% |
| Other amounts payable | 47/48 | - | €5,680 | +€5,680 | |
| Remuneration, social security and pensions | 62 | €163,861 | €161,015 | -€2,846 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,560 | €18,708 | +€148 | +0.8% |
| Other operating charges | 640/8 | €2,273 | €612 | -€1,661 | -73.1% |
| Gross operating margin | 9900 | €201,286 | €149,568 | -€51,718 | -25.7% |
| Operating profit (loss) | 9901 | €16,592 | -€30,767 | -€47,359 | |
| Financial charges | 65/66B | €1,893 | €2,095 | +€201 | +10.6% |
| Recurring financial charges | 65 | €1,893 | €2,095 | +€201 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €14,699 | -€32,862 | -€47,561 | |
| Income taxes | 67/77 | - | €6,000 | +€6,000 | |
| Profit (loss) for the period | 9904 | €14,699 | -€38,862 | -€53,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,699 | -€38,862 | -€53,561 |
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 23 October 2026 via checked.be.