BREYNE - MESTDAGH: 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.
BREYNE - MESTDAGH
Largest movements
- Tangible fixed assets -€50,085
down €50,085 (-50.3%), from €99,607 to €49,521
of which Furniture and vehicles: -€43,386
- Cash +€34,696
up €34,696 (+92.2%), from €37,645 to €72,341
mainly Other debts (+€65,181) and Investment in fixed assets (net) (+€30,010)
- Stocks and contracts +€20,020
up €20,020 (+64.7%), from €30,957 to €50,977
of which Stocks: +€10,036
- Receivables within one year +€8,380
up €8,380 (+18.7%), from €44,697 to €53,077
of which Other amounts receivable: +€13,158
- Deferred charges and accrued income -€4,722
down €4,722 (-57.7%), from €8,179 to €3,456
- Other debts +€65,181
up €65,181 (+940%), from €6,933 to €72,113
- Contributions -€50,000
down €50,000 (-72.9%), from €68,600 to €18,600
- Trade debts +€26,966
up €26,966 (+858%), from €3,143 to €30,109
- Debts after one year -€20,150
down €20,150 (-16.5%), from €122,376 to €102,225
- Reserves -€11,974
down €11,974 (-6.9%), from €174,473 to €162,499
- Gross operating margin -€67,363
down €67,363 (-69.3%), from €97,162 to €29,799
- Taxes -€19,178
down €19,178 (-95.6%), from €20,060 to €882
- Depreciation -€8,666
down €8,666 (-30.2%), from €28,742 to €20,076
- Financial income +€8,433
up €8,433 (+789%), from €1,069 to €9,502
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 | €404,304 | €412,592 | +€8,288 | +2.0% |
| Fixed assets | 21/28 | €99,652 | €49,566 | -€50,085 | -50.3% |
| Tangible fixed assets | 22/27 | €99,607 | €49,521 | -€50,085 | -50.3% |
| Land and buildings | 22 | €3,068 | €2,890 | -€178 | -5.8% |
| Plant, machinery and equipment | 23 | €5,139 | €3,865 | -€1,274 | -24.8% |
| Furniture and vehicles | 24 | €78,634 | €35,248 | -€43,386 | -55.2% |
| Leasing and similar rights | 25 | €12,765 | €7,518 | -€5,247 | -41.1% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €304,652 | €363,026 | +€58,373 | +19.2% |
| Stocks and contracts in progress | 3 | €30,957 | €50,977 | +€20,020 | +64.7% |
| Stocks | 30/36 | €30,957 | €40,994 | +€10,036 | +32.4% |
| Contracts in progress | 37 | - | €9,984 | +€9,984 | |
| Amounts receivable within one year | 40/41 | €44,697 | €53,077 | +€8,380 | +18.7% |
| Trade receivables | 40 | €40,420 | €35,642 | -€4,778 | -11.8% |
| Other amounts receivable | 41 | €4,277 | €17,435 | +€13,158 | +308% |
| Current investments | 50/53 | €183,174 | €183,174 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,645 | €72,341 | +€34,696 | +92.2% |
| Deferred charges and accrued income | 490/1 | €8,179 | €3,456 | -€4,722 | -57.7% |
| Total equity and liabilities | 10/49 | €404,304 | €412,592 | +€8,288 | +2.0% |
| Equity | 10/15 | €245,712 | €183,738 | -€61,974 | -25.2% |
| Contributions | 10/11 | €68,600 | €18,600 | -€50,000 | -72.9% |
| Reserves | 13 | €174,473 | €162,499 | -€11,974 | -6.9% |
| Distributable reserves | 133 | €174,473 | €162,499 | -€11,974 | -6.9% |
| Profit (loss) carried forward | 14 | €2,639 | €2,639 | = | 0.0% |
| Amounts payable | 17/49 | €158,592 | €228,854 | +€70,262 | +44.3% |
| Amounts payable after more than one year | 17 | €122,376 | €102,225 | -€20,150 | -16.5% |
| Financial debts | 170/4 | €122,376 | €102,225 | -€20,150 | -16.5% |
| Amounts payable within one year | 42/48 | €35,916 | €124,497 | +€88,581 | +247% |
| Current portion of amounts payable after more than one year | 42 | €19,158 | €20,150 | +€992 | +5.2% |
| Trade debts | 44 | €3,143 | €30,109 | +€26,966 | +858% |
| Suppliers | 440/4 | €3,143 | €30,109 | +€26,966 | +858% |
| Taxes, remuneration and social security | 45 | €6,683 | €2,125 | -€4,558 | -68.2% |
| Taxes | 450/3 | €6,683 | €2,125 | -€4,558 | -68.2% |
| Other amounts payable | 47/48 | €6,933 | €72,113 | +€65,181 | +940% |
| Accrued charges and deferred income | 492/3 | €300 | €2,131 | +€1,831 | +611% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,742 | €20,076 | -€8,666 | -30.2% |
| Other operating charges | 640/8 | €1,092 | €955 | -€137 | -12.5% |
| Non-recurring operating charges | 66A | - | €5,692 | +€5,692 | |
| Gross operating margin | 9900 | €97,162 | €29,799 | -€67,363 | -69.3% |
| Operating profit (loss) | 9901 | €67,328 | €3,076 | -€64,252 | -95.4% |
| Financial income | 75/76B | €1,069 | €9,502 | +€8,433 | +789% |
| Recurring financial income | 75 | €1,069 | €9,502 | +€8,433 | +789% |
| Financial charges | 65/66B | €8,147 | €9,014 | +€867 | +10.6% |
| Recurring financial charges | 65 | €8,147 | €9,014 | +€867 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €60,250 | €3,564 | -€56,686 | -94.1% |
| Income taxes | 67/77 | €20,060 | €882 | -€19,178 | -95.6% |
| Profit (loss) for the period | 9904 | €40,190 | €2,682 | -€37,508 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,190 | €2,682 | -€37,508 | -93.3% |
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 28 October 2026 via checked.be.