HET BESTE BROOD: 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
HET BESTE BROOD
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €1.8m+€242,214
Equity
€53.1m
2024 · €51.4m+€1.7m
Cash
€15,920
2024 · €113,096-€97,176
Balance sheet total
€56.0m
2024 · €54.8m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€787,894
up €787,894 (+4.0%), from €19.8m to €20.5m
of which Land and buildings: +€908,469
Equity and liabilities
- Reserves +€1.7m
up €1.7m (+3.4%), from €50.9m to €52.7m
of which Distributable reserves: +€1.8m
- Short-term financial debts -€777,608
down €777,608 (-30.7%), from €2.5m to €1.8m
Income statement
- Goods and materials -€911,860
down €911,860 (-67.5%), from €1.4m to €439,605
of which Purchases: -€1.3m
- Financial income +€836,427
up €836,427 (+106%), from €789,900 to €1.6m
of which Financial income: +€802,291
- Other operating income -€781,019
down €781,019 (-65.6%), from €1.2m to €409,143
- Turnover -€730,520
down €730,520 (-21.9%), from €3.3m to €2.6m
- Taxes -€165,329
down €165,329 (-33.9%), from €487,261 to €321,932
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
€1.8m
Turnover
-€730,520
Other operating income
-€781,019
Goods and materials
+€911,860
Services and other goods
-€83,844
Staff costs
-€17,093
Depreciation
-€34,610
Write-downs
-€1,353
Other operating charges
-€38,667
Financial income
+€836,427
Financial charges
+€15,699
Taxes
+€165,329
Deferred taxes and other
+€3
Result 2025
€2.1m
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
+€2.4m
Investment
-€1.4m
Financing
-€1.1m
Cash 2024
€113,096
From operations (derived)
+€2.4m
Net result for the year
+€2.1m
Depreciation
+€812,953
Stocks and contracts
-€538,092
Receivables within one year
-€193,848
Deferred charges and accrued income
+€33,245
Provisions
-€17,682
Trade debts
+€121,729
Tax, wage and social debts
+€19,440
Other debts
+€50,425
Accrued charges and deferred income
+€41,186
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
-€1.1m
Short-term financial debts
-€777,608
Contributions, distributions and other
-€350,000
Cash 2025
€15,920
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,826,832 | €55,991,203 | +€1.2m | +2.1% |
| Fixed assets | 21/28 | €43,937,298 | €44,500,150 | +€562,852 | +1.3% |
| Intangible fixed assets | 21 | €863,081 | €647,311 | -€215,770 | -25.0% |
| Tangible fixed assets | 22/27 | €19,753,099 | €20,540,993 | +€787,894 | +4.0% |
| Land and buildings | 22 | €13,227,767 | €14,136,236 | +€908,469 | +6.9% |
| Plant, machinery and equipment | 23 | €64,706 | €43,020 | -€21,687 | -33.5% |
| Furniture and vehicles | 24 | €141,269 | €147,049 | +€5,780 | +4.1% |
| Other tangible fixed assets | 26 | €6,319,356 | €6,107,695 | -€211,661 | -3.3% |
| Assets under construction and advance payments | 27 | - | €106,993 | +€106,993 | |
| Financial fixed assets | 28 | €23,321,118 | €23,311,846 | -€9,272 | 0.0% |
| Affiliated companies | 280/1 | €23,321,118 | €23,311,846 | -€9,272 | 0.0% |
| Participating interests | 280 | €23,321,118 | €23,311,846 | -€9,272 | 0.0% |
| Current assets | 29/58 | €10,889,534 | €11,491,052 | +€601,519 | +5.5% |
| Stocks and contracts in progress | 3 | €10,414,218 | €10,952,309 | +€538,092 | +5.2% |
| Stocks | 30/36 | €10,414,218 | €10,952,309 | +€538,092 | +5.2% |
| Goods purchased for resale | 34 | €10,414,218 | €10,952,309 | +€538,092 | +5.2% |
| Amounts receivable within one year | 40/41 | €103,157 | €297,004 | +€193,848 | +188% |
| Trade receivables | 40 | €50,059 | €65,137 | +€15,078 | +30.1% |
| Other amounts receivable | 41 | €53,098 | €231,867 | +€178,769 | +337% |
| Cash at bank and in hand | 54/58 | €113,096 | €15,920 | -€97,176 | -85.9% |
| Deferred charges and accrued income | 490/1 | €259,064 | €225,819 | -€33,245 | -12.8% |
| Total equity and liabilities | 10/49 | €54,826,832 | €55,991,203 | +€1.2m | +2.1% |
| Equity | 10/15 | €51,361,730 | €53,088,610 | +€1.7m | +3.4% |
| Contributions | 10/11 | €424,611 | €424,611 | = | 0.0% |
| Capital | 10 | €424,611 | €424,611 | = | 0.0% |
| Issued capital | 100 | €424,611 | €424,611 | = | 0.0% |
| Revaluation surpluses | 12 | €10,646 | €10,646 | = | 0.0% |
| Reserves | 13 | €50,926,473 | €52,653,354 | +€1.7m | +3.4% |
| Non-distributable reserves | 130/1 | €42,461 | €42,461 | = | 0.0% |
| Legal reserve | 130 | €42,461 | €42,461 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,890,203 | €1,837,156 | -€53,047 | -2.8% |
| Distributable reserves | 133 | €48,993,810 | €50,773,737 | +€1.8m | +3.6% |
| Provisions and deferred taxes | 16 | €461,732 | €444,049 | -€17,682 | -3.8% |
| Deferred taxes | 168 | €461,732 | €444,049 | -€17,682 | -3.8% |
| Amounts payable | 17/49 | €3,003,371 | €2,458,543 | -€544,828 | -18.1% |
| Amounts payable within one year | 42/48 | €2,917,831 | €2,331,817 | -€586,014 | -20.1% |
| Financial debts | 43 | €2,533,867 | €1,756,259 | -€777,608 | -30.7% |
| Credit institutions | 430/8 | €2,533,867 | €1,756,259 | -€777,608 | -30.7% |
| Trade debts | 44 | €26,797 | €148,526 | +€121,729 | +454% |
| Suppliers | 440/4 | €26,797 | €148,526 | +€121,729 | +454% |
| Taxes, remuneration and social security | 45 | €15,132 | €34,572 | +€19,440 | +128% |
| Taxes | 450/3 | €15,132 | €31,391 | +€16,259 | +107% |
| Remuneration and social security | 454/9 | - | €3,181 | +€3,181 | |
| Other amounts payable | 47/48 | €342,035 | €392,460 | +€50,425 | +14.7% |
| Accrued charges and deferred income | 492/3 | €85,540 | €126,726 | +€41,186 | +48.1% |
| Operating income | 70/76A | €4,528,833 | €3,017,294 | -€1.5m | -33.4% |
| Turnover | 70 | €3,338,671 | €2,608,151 | -€730,520 | -21.9% |
| Other operating income | 74 | €1,190,162 | €409,143 | -€781,019 | -65.6% |
| Operating charges | 60/66A | €2,867,424 | €2,131,130 | -€736,294 | -25.7% |
| Goods for resale, raw materials and consumables | 60 | €1,351,465 | €439,605 | -€911,860 | -67.5% |
| Purchases | 600/8 | €2,301,757 | €977,697 | -€1.3m | -57.5% |
| Change in stocks: decrease (increase) | 609 | -€950,292 | -€538,092 | +€412,200 | +43.4% |
| Services and other goods | 61 | €506,308 | €590,152 | +€83,844 | +16.6% |
| Remuneration, social security and pensions | 62 | - | €17,093 | +€17,093 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778,344 | €812,953 | +€34,610 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,353 | - | +€1,353 | |
| Other operating charges | 640/8 | €232,660 | €271,327 | +€38,667 | +16.6% |
| Operating profit (loss) | 9901 | €1,661,409 | €886,164 | -€775,245 | -46.7% |
| Financial income | 75/76B | €789,900 | €1,626,327 | +€836,427 | +106% |
| Recurring financial income | 75 | €789,811 | €1,592,102 | +€802,291 | +102% |
| Income from financial fixed assets | 750 | €776,062 | €1,587,104 | +€811,042 | +105% |
| Income from current assets | 751 | - | €1,273 | +€1,273 | |
| Other financial income | 752/9 | €13,749 | €3,725 | -€10,024 | -72.9% |
| Non-recurring financial income | 76B | €88 | €34,225 | +€34,137 | +38,686% |
| Financial charges | 65/66B | €147,060 | €131,360 | -€15,699 | -10.7% |
| Recurring financial charges | 65 | €147,060 | €131,338 | -€15,722 | -10.7% |
| Debt charges | 650 | €145,470 | €130,392 | -€15,077 | -10.4% |
| Other financial charges | 652/9 | €1,590 | €945 | -€645 | -40.6% |
| Non-recurring financial charges | 66B | - | €23 | +€23 | |
| Profit (loss) for the period before taxes | 9903 | €2,304,249 | €2,381,130 | +€76,881 | +3.3% |
| Transfer from deferred taxes | 780 | €17,679 | €17,682 | +€3 | 0.0% |
| Income taxes | 67/77 | €487,261 | €321,932 | -€165,329 | -33.9% |
| Taxes | 670/3 | €487,261 | €321,932 | -€165,329 | -33.9% |
| Profit (loss) for the period | 9904 | €1,834,667 | €2,076,881 | +€242,214 | +13.2% |
| Transfer from tax-exempt reserves | 789 | €53,038 | €53,047 | +€9 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,887,706 | €2,129,928 | +€242,222 | +12.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.