BREYDEL: 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.
BREYDEL
Largest movements
- Cash -€452,984
down €452,984 (-53.0%), from €854,006 to €401,022
mainly Other debts (-€711,875) and Receivables within one year (-€81,158)
- Receivables within one year +€81,158
up €81,158 (+25.2%), from €321,971 to €403,129
of which Trade receivables: +€88,849
- Other debts -€711,875
down €711,875 (-94.9%), from €750,065 to €38,190
- Trade debts +€343,605
up €343,605 (+100.9%), from €340,543 to €684,148
- Financial income -€79,616
down €79,616 (-96.0%), from €82,949 to €3,333
- Gross operating margin +€12,800
up €12,800 (+33.1%), from €38,704 to €51,504
- Taxes +€8,058
up €8,058 (+109.1%), from €7,386 to €15,444
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 | €1,217,877 | €849,035 | -€368,842 | -30.3% |
| Fixed assets | 21/28 | €32,098 | €32,098 | +€0 | 0.0% |
| Financial fixed assets | 28 | €32,098 | €32,098 | +€0 | 0.0% |
| Current assets | 29/58 | €1,185,779 | €816,936 | -€368,843 | -31.1% |
| Amounts receivable within one year | 40/41 | €321,971 | €403,129 | +€81,158 | +25.2% |
| Trade receivables | 40 | €312,572 | €401,421 | +€88,849 | +28.4% |
| Other amounts receivable | 41 | €9,399 | €1,708 | -€7,691 | -81.8% |
| Cash at bank and in hand | 54/58 | €854,006 | €401,022 | -€452,984 | -53.0% |
| Deferred charges and accrued income | 490/1 | €9,802 | €12,785 | +€2,983 | +30.4% |
| Total equity and liabilities | 10/49 | €1,217,877 | €849,035 | -€368,842 | -30.3% |
| Equity | 10/15 | €108,430 | €108,635 | +€205 | +0.2% |
| Contributions | 10/11 | €108,430 | €108,430 | +€0 | 0.0% |
| Reserves | 13 | - | €205 | +€205 | |
| Distributable reserves | 133 | - | €205 | +€205 | |
| Amounts payable | 17/49 | €1,109,447 | €740,400 | -€369,047 | -33.3% |
| Amounts payable within one year | 42/48 | €1,090,608 | €724,838 | -€365,770 | -33.5% |
| Trade debts | 44 | €340,543 | €684,148 | +€343,605 | +100.9% |
| Suppliers | 440/4 | €340,543 | €684,148 | +€343,605 | +100.9% |
| Taxes, remuneration and social security | 45 | - | €2,500 | +€2,500 | |
| Taxes | 450/3 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €750,065 | €38,190 | -€711,875 | -94.9% |
| Accrued charges and deferred income | 492/3 | €18,839 | €15,561 | -€3,278 | -17.4% |
| Other operating charges | 640/8 | €1,124 | €998 | -€126 | -11.2% |
| Gross operating margin | 9900 | €38,704 | €51,504 | +€12,800 | +33.1% |
| Operating profit (loss) | 9901 | €37,580 | €50,506 | +€12,926 | +34.4% |
| Financial income | 75/76B | €82,949 | €3,333 | -€79,616 | -96.0% |
| Recurring financial income | 75 | €82,949 | €3,333 | -€79,616 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €120,529 | €53,839 | -€66,690 | -55.3% |
| Income taxes | 67/77 | €7,386 | €15,444 | +€8,058 | +109.1% |
| Profit (loss) for the period | 9904 | €113,143 | €38,395 | -€74,748 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,143 | €38,395 | -€74,748 | -66.1% |
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 11 October 2026 via checked.be.