Jérôme Breuer: what changed
Jérôme Breuer
Largest movements
- Tangible fixed assets -€19,057
down €19,057 (-28.5%), from €66,755 to €47,698
of which Furniture and vehicles: -€17,265
- Cash +€10,731
up €10,731 (+11.1%), from €97,106 to €107,838
mainly Depreciation (+€20,346) and Trade debts (+€7,025)
- Receivables within one year -€2,712
down €2,712 (-15.9%), from €17,027 to €14,316
of which Trade receivables: -€1,577
- Other debts -€13,741
down €13,741 (-75.2%), from €18,271 to €4,530
- Trade debts +€7,025
up €7,025 (+983%), from €715 to €7,739
- Tax, wage and social debts -€5,340
down €5,340 (-31.0%), from €17,227 to €11,887
- Gross operating margin -€40,435
down €40,435 (-59.4%), from €68,104 to €27,669
- Taxes -€12,304
down €12,304 (-81.5%), from €15,100 to €2,796
- Other operating charges -€2,991
down €2,991 (-48.9%), from €6,119 to €3,128
- Financial income -€1,454
down €1,454 (-100%), from €1,454 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,120 | €170,094 | -€11,026 | -6.1% |
| Fixed assets | 21/28 | €66,755 | €47,698 | -€19,057 | -28.5% |
| Tangible fixed assets | 22/27 | €66,755 | €47,698 | -€19,057 | -28.5% |
| Furniture and vehicles | 24 | €54,488 | €37,224 | -€17,265 | -31.7% |
| Other tangible fixed assets | 26 | €12,267 | €10,474 | -€1,792 | -14.6% |
| Current assets | 29/58 | €114,365 | €122,396 | +€8,031 | +7.0% |
| Amounts receivable within one year | 40/41 | €17,027 | €14,316 | -€2,712 | -15.9% |
| Trade receivables | 40 | €12,585 | €11,008 | -€1,577 | -12.5% |
| Other amounts receivable | 41 | €4,442 | €3,307 | -€1,135 | -25.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €97,106 | €107,838 | +€10,731 | +11.1% |
| Deferred charges and accrued income | 490/1 | €232 | €243 | +€11 | +4.9% |
| Total equity and liabilities | 10/49 | €181,120 | €170,094 | -€11,026 | -6.1% |
| Equity | 10/15 | €144,907 | €145,938 | +€1,030 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,460 | €65,490 | +€1,030 | +1.6% |
| Distributable reserves | 133 | €64,460 | €65,490 | +€1,030 | +1.6% |
| Profit (loss) carried forward | 14 | €61,847 | €61,848 | +€0 | 0.0% |
| Amounts payable | 17/49 | €36,213 | €24,156 | -€12,057 | -33.3% |
| Amounts payable within one year | 42/48 | €36,213 | €24,156 | -€12,057 | -33.3% |
| Trade debts | 44 | €715 | €7,739 | +€7,025 | +983% |
| Suppliers | 440/4 | €715 | €7,739 | +€7,025 | +983% |
| Taxes, remuneration and social security | 45 | €17,227 | €11,887 | -€5,340 | -31.0% |
| Taxes | 450/3 | €17,227 | €11,887 | -€5,340 | -31.0% |
| Other amounts payable | 47/48 | €18,271 | €4,530 | -€13,741 | -75.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,863 | €20,346 | +€483 | +2.4% |
| Other operating charges | 640/8 | €6,119 | €3,128 | -€2,991 | -48.9% |
| Gross operating margin | 9900 | €68,104 | €27,669 | -€40,435 | -59.4% |
| Operating profit (loss) | 9901 | €42,122 | €4,195 | -€37,927 | -90.0% |
| Financial income | 75/76B | €1,454 | €0 | -€1,454 | -100% |
| Recurring financial income | 75 | €1,454 | €0 | -€1,454 | -100% |
| Financial charges | 65/66B | €374 | €369 | -€5 | -1.3% |
| Recurring financial charges | 65 | €374 | €369 | -€5 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €43,202 | €3,826 | -€39,376 | -91.1% |
| Income taxes | 67/77 | €15,100 | €2,796 | -€12,304 | -81.5% |
| Profit (loss) for the period | 9904 | €28,102 | €1,030 | -€27,072 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,102 | €1,030 | -€27,072 | -96.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.