DE BREEMEERSCH: 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.
DE BREEMEERSCH
Largest movements
- Tangible fixed assets +€32,709
up €32,709 (+4.4%), from €739,319 to €772,029
- Cash -€20,377
down €20,377 (-19.7%), from €103,343 to €82,966
mainly Investment in fixed assets (net) (-€44,889) and Current portion of long-term debt (-€10,222)
- Profit (loss) carried forward +€27,192
up €27,192 (+14.4%), from €188,305 to €215,498
- Other debts +€19,758
up €19,758 (+6.1%), from €322,846 to €342,603
- Current portion of long-term debt -€10,222
down €10,222 (-100%), from €10,222 to €0
- Accrued charges and deferred income -€9,674
down €9,674 (-100%), from €9,674 to €0
- Gross operating margin -€2,411
down €2,411 (-4.3%), from €55,439 to €53,029
- Taxes -€694
down €694 (-6.9%), from €9,994 to €9,300
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 | €842,929 | €856,510 | +€13,581 | +1.6% |
| Fixed assets | 21/28 | €739,319 | €772,029 | +€32,709 | +4.4% |
| Tangible fixed assets | 22/27 | €739,319 | €772,029 | +€32,709 | +4.4% |
| Land and buildings | 22 | €739,319 | €772,029 | +€32,709 | +4.4% |
| Current assets | 29/58 | €103,610 | €84,481 | -€19,129 | -18.5% |
| Amounts receivable within one year | 40/41 | - | €1,242 | +€1,242 | |
| Trade receivables | 40 | - | €1,242 | +€1,242 | |
| Cash at bank and in hand | 54/58 | €103,343 | €82,966 | -€20,377 | -19.7% |
| Deferred charges and accrued income | 490/1 | €266 | €272 | +€6 | +2.2% |
| Total equity and liabilities | 10/49 | €842,929 | €856,510 | +€13,581 | +1.6% |
| Equity | 10/15 | €406,196 | €426,468 | +€20,272 | +5.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €192,890 | €185,970 | -€6,920 | -3.6% |
| Tax-exempt reserves | 132 | €163,731 | €156,811 | -€6,920 | -4.2% |
| Distributable reserves | 133 | €29,159 | €29,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,305 | €215,498 | +€27,192 | +14.4% |
| Provisions and deferred taxes | 16 | €84,360 | €80,795 | -€3,565 | -4.2% |
| Deferred taxes | 168 | €84,360 | €80,795 | -€3,565 | -4.2% |
| Amounts payable | 17/49 | €352,374 | €349,248 | -€3,126 | -0.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €342,700 | €349,248 | +€6,548 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €10,222 | €0 | -€10,222 | -100% |
| Trade debts | 44 | €1,674 | €186 | -€1,487 | -88.9% |
| Suppliers | 440/4 | €1,674 | €186 | -€1,487 | -88.9% |
| Taxes, remuneration and social security | 45 | €7,958 | €6,458 | -€1,501 | -18.9% |
| Taxes | 450/3 | €7,958 | €6,458 | -€1,501 | -18.9% |
| Other amounts payable | 47/48 | €322,846 | €342,603 | +€19,758 | +6.1% |
| Accrued charges and deferred income | 492/3 | €9,674 | €0 | -€9,674 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,180 | €12,180 | = | 0.0% |
| Other operating charges | 640/8 | €3,978 | €4,085 | +€107 | +2.7% |
| Gross operating margin | 9900 | €55,439 | €53,029 | -€2,411 | -4.3% |
| Operating profit (loss) | 9901 | €39,282 | €36,764 | -€2,518 | -6.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,440 | €10,757 | +€318 | +3.0% |
| Recurring financial charges | 65 | €10,440 | €10,757 | +€318 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €28,842 | €26,007 | -€2,835 | -9.8% |
| Transfer from deferred taxes | 780 | €3,565 | €3,565 | = | 0.0% |
| Income taxes | 67/77 | €9,994 | €9,300 | -€694 | -6.9% |
| Profit (loss) for the period | 9904 | €22,413 | €20,272 | -€2,141 | -9.6% |
| Transfer from tax-exempt reserves | 789 | €6,920 | €6,920 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,333 | €27,192 | -€2,141 | -7.3% |
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 21 October 2026 via checked.be.