BREYBEAU: 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.
What changed
BREYBEAU
NACE 10.130, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€221,651
2024 · €1.9m-€2.1m
Equity
€2.7m
2024 · €2.9m-€221,651
Cash
€404,693
2024 · €191,246+€213,447
Balance sheet total
€11.0m
2024 · €12.3m-€1.3m
Largest movements
Assets
- Receivables within one year -€2.0m
down €2.0m (-28.5%), from €6.9m to €4.9m
of which Other amounts receivable: -€1.3m
- Stocks and contracts +€338,004
up €338,004 (+24.9%), from €1.4m to €1.7m
- Tangible fixed assets +€236,128
up €236,128 (+7.1%), from €3.3m to €3.6m
of which Plant, machinery and equipment: +€359,954
- Cash +€213,447
up €213,447 (+112%), from €191,246 to €404,693
mainly Receivables within one year (+€2.0m) and Depreciation (+€717,762)
- Intangible fixed assets -€131,055
down €131,055 (-26.7%), from €490,165 to €359,110
Equity and liabilities
- Debts after one year -€280,802
down €280,802 (-27.0%), from €1.0m to €759,183
- Trade debts -€259,981
down €259,981 (-5.1%), from €5.1m to €4.8m
- Current portion of long-term debt -€225,521
down €225,521 (-38.3%), from €588,692 to €363,171
- Profit (loss) carried forward -€221,651
down €221,651, from €20,516 to -€201,135
- Short-term financial debts -€218,719
down €218,719 (-24.7%), from €886,432 to €667,713
Income statement
- Goods and materials -€2.5m
down €2.5m (-15.3%), from €16.6m to €14.1m
of which Purchases: -€2.1m
- Turnover -€2.0m
down €2.0m (-7.5%), from €26.7m to €24.7m
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.
Result 2024
€1.9m
Turnover
-€2.0m
Other operating income
+€15,993
Goods and materials
+€2.5m
Services and other goods
-€126,464
Staff costs
-€36,752
Depreciation
-€153,633
Write-downs
-€6,435
Other operating charges
+€48,640
Other operating items
-€2.4m
Financial income
-€22,411
Financial charges
-€10,595
Taxes
-€266
Result 2025
-€221,651
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.8m
Investment
-€821,918
Financing
-€725,041
Cash 2024
€191,246
From operations (derived)
+€1.8m
Net result for the year
-€221,651
Depreciation
+€717,762
Stocks and contracts
-€338,004
Receivables within one year
+€2.0m
Deferred charges and accrued income
+€22,414
Trade debts
-€259,981
Tax, wage and social debts
-€107,296
Other debts
-€12,253
Accrued charges and deferred income
+€3,564
Investment (derived)
-€821,918
Investment in fixed assets (net)
-€821,918
Financing
-€725,041
Debts after one year
-€280,802
Current portion of long-term debt
-€225,521
Short-term financial debts
-€218,719
Contributions, distributions and other
+€0
Cash 2025
€404,693
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,280,366 | €10,957,708 | -€1.3m | -10.8% |
| Formation expenses | 20 | €3,667 | €2,750 | -€917 | -25.0% |
| Fixed assets | 21/28 | €3,823,866 | €3,928,938 | +€105,072 | +2.7% |
| Intangible fixed assets | 21 | €490,165 | €359,110 | -€131,055 | -26.7% |
| Tangible fixed assets | 22/27 | €3,333,441 | €3,569,569 | +€236,128 | +7.1% |
| Land and buildings | 22 | €14,116 | €38,858 | +€24,742 | +175% |
| Plant, machinery and equipment | 23 | €1,955,944 | €2,315,898 | +€359,954 | +18.4% |
| Furniture and vehicles | 24 | €124,888 | €37,658 | -€87,230 | -69.8% |
| Leasing and similar rights | 25 | €1,238,493 | €1,148,482 | -€90,011 | -7.3% |
| Assets under construction and advance payments | 27 | - | €28,673 | +€28,673 | |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Other financial fixed assets | 284/8 | €260 | €260 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €8,452,833 | €7,026,019 | -€1.4m | -16.9% |
| Stocks and contracts in progress | 3 | €1,356,398 | €1,694,402 | +€338,004 | +24.9% |
| Stocks | 30/36 | €1,356,398 | €1,694,402 | +€338,004 | +24.9% |
| Raw materials and consumables | 30/31 | €934,097 | €1,216,882 | +€282,785 | +30.3% |
| Work in progress | 32 | €69,337 | €115,353 | +€46,016 | +66.4% |
| Finished goods | 33 | €344,435 | €362,167 | +€17,732 | +5.1% |
| Goods purchased for resale | 34 | €8,529 | €0 | -€8,529 | -100% |
| Amounts receivable within one year | 40/41 | €6,860,404 | €4,904,553 | -€2.0m | -28.5% |
| Trade receivables | 40 | €2,997,932 | €2,328,738 | -€669,194 | -22.3% |
| Other amounts receivable | 41 | €3,862,472 | €2,575,815 | -€1.3m | -33.3% |
| Cash at bank and in hand | 54/58 | €191,246 | €404,693 | +€213,447 | +112% |
| Deferred charges and accrued income | 490/1 | €44,785 | €22,371 | -€22,414 | -50.0% |
| Total equity and liabilities | 10/49 | €12,280,366 | €10,957,708 | -€1.3m | -10.8% |
| Equity | 10/15 | €2,920,652 | €2,699,001 | -€221,651 | -7.6% |
| Contributions | 10/11 | €1,162,000 | €1,162,000 | = | 0.0% |
| Capital | 10 | €1,162,000 | €1,162,000 | = | 0.0% |
| Issued capital | 100 | €1,162,000 | €1,162,000 | = | 0.0% |
| Reserves | 13 | €1,738,136 | €1,738,136 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €59,911 | €59,911 | = | 0.0% |
| Legal reserve | 130 | €59,911 | €59,911 | = | 0.0% |
| Tax-exempt reserves | 132 | €128,020 | €128,020 | +€0 | 0.0% |
| Distributable reserves | 133 | €1,550,205 | €1,550,205 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €20,516 | -€201,135 | -€221,651 | |
| Amounts payable | 17/49 | €9,359,714 | €8,258,707 | -€1.1m | -11.8% |
| Amounts payable after more than one year | 17 | €1,039,985 | €759,183 | -€280,802 | -27.0% |
| Financial debts | 170/4 | €1,039,985 | €759,183 | -€280,802 | -27.0% |
| Leasing and similar obligations | 172 | €816,305 | €612,666 | -€203,639 | -24.9% |
| Credit institutions | 173 | €223,680 | €146,518 | -€77,163 | -34.5% |
| Amounts payable within one year | 42/48 | €8,319,729 | €7,495,960 | -€823,769 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €588,692 | €363,171 | -€225,521 | -38.3% |
| Financial debts | 43 | €886,432 | €667,713 | -€218,719 | -24.7% |
| Credit institutions | 430/8 | €886,432 | €667,713 | -€218,719 | -24.7% |
| Trade debts | 44 | €5,078,454 | €4,818,473 | -€259,981 | -5.1% |
| Suppliers | 440/4 | €5,078,454 | €4,818,473 | -€259,981 | -5.1% |
| Taxes, remuneration and social security | 45 | €753,898 | €646,602 | -€107,296 | -14.2% |
| Taxes | 450/3 | €87,382 | €93,709 | +€6,327 | +7.2% |
| Remuneration and social security | 454/9 | €666,516 | €552,893 | -€113,623 | -17.0% |
| Other amounts payable | 47/48 | €1,012,253 | €1,000,000 | -€12,253 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €3,564 | +€3,564 | |
| Operating income | 70/76A | €29,745,105 | €24,941,159 | -€4.8m | -16.2% |
| Turnover | 70 | €26,711,128 | €24,705,623 | -€2.0m | -7.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€331,314 | €63,748 | +€395,062 | |
| Other operating income | 74 | €95,895 | €111,888 | +€15,993 | +16.7% |
| Non-recurring operating income | 76A | €3,269,396 | €59,900 | -€3.2m | -98.2% |
| Operating charges | 60/66A | €27,712,296 | €24,993,296 | -€2.7m | -9.8% |
| Goods for resale, raw materials and consumables | 60 | €16,588,988 | €14,051,186 | -€2.5m | -15.3% |
| Purchases | 600/8 | €16,282,443 | €14,208,428 | -€2.1m | -12.7% |
| Change in stocks: decrease (increase) | 609 | €306,545 | -€157,243 | -€463,788 | |
| Services and other goods | 61 | €6,078,527 | €6,204,991 | +€126,464 | +2.1% |
| Remuneration, social security and pensions | 62 | €3,931,395 | €3,968,147 | +€36,752 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €564,129 | €717,762 | +€153,633 | +27.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,435 | €0 | +€6,435 | |
| Other operating charges | 640/8 | €90,825 | €42,185 | -€48,640 | -53.6% |
| Non-recurring operating charges | 66A | €464,867 | €9,025 | -€455,842 | -98.1% |
| Operating profit (loss) | 9901 | €2,032,809 | -€52,137 | -€2.1m | |
| Financial income | 75/76B | €39,467 | €17,056 | -€22,411 | -56.8% |
| Recurring financial income | 75 | €39,467 | €17,056 | -€22,411 | -56.8% |
| Income from current assets | 751 | €572 | €0 | -€572 | -100% |
| Other financial income | 752/9 | €38,895 | €17,056 | -€21,839 | -56.1% |
| Financial charges | 65/66B | €174,434 | €185,029 | +€10,595 | +6.1% |
| Recurring financial charges | 65 | €174,434 | €185,029 | +€10,595 | +6.1% |
| Debt charges | 650 | €72,146 | €77,152 | +€5,006 | +6.9% |
| Other financial charges | 652/9 | €102,288 | €107,877 | +€5,589 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €1,897,842 | -€220,110 | -€2.1m | |
| Income taxes | 67/77 | €1,276 | €1,542 | +€266 | +20.8% |
| Taxes | 670/3 | €1,276 | €1,542 | +€266 | +20.8% |
| Profit (loss) for the period | 9904 | €1,896,566 | -€221,651 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,896,566 | -€221,651 | -€2.1m |
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 13 October 2026 via checked.be.