Van Breedam: 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.
Van Breedam
Largest movements
- Receivables within one year -€35,924
down €35,924 (-32.5%), from €110,438 to €74,514
of which Other amounts receivable: -€20,481
- Cash +€5,649
up €5,649 (+523%), from €1,080 to €6,729
mainly Receivables within one year (+€35,924) and Depreciation (+€5,487)
- Receivables after one year -€2,750
down €2,750 (-2.8%), from €100,000 to €97,250
- Reserves -€30,094
down €30,094 (-28.6%), from €105,102 to €75,008
- Short-term financial debts -€7,825
no longer reported in 2025 (was €7,825)
- Other debts +€4,650
up €4,650 (+9.0%), from €51,925 to €56,575
- Trade debts +€2,769
up €2,769 (+91.9%), from €3,014 to €5,782
- Gross operating margin -€6,857
down €6,857 (-34.1%), from €20,129 to €13,272
- Taxes -€2,148
down €2,148 (-52.9%), from €4,058 to €1,910
- Depreciation -€1,704
down €1,704 (-23.7%), from €7,191 to €5,487
- Financial income -€1,603
down €1,603 (-22.3%), from €7,171 to €5,569
- Financial charges +€1,166
up €1,166 (+12.8%), from €9,122 to €10,287
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 | €253,224 | €221,746 | -€31,478 | -12.4% |
| Fixed assets | 21/28 | €18,069 | €18,767 | +€698 | +3.9% |
| Tangible fixed assets | 22/27 | €18,069 | €18,767 | +€698 | +3.9% |
| Plant, machinery and equipment | 23 | €642 | €229 | -€413 | -64.4% |
| Furniture and vehicles | 24 | €908 | €2,507 | +€1,599 | +176% |
| Other tangible fixed assets | 26 | €16,519 | €16,032 | -€487 | -2.9% |
| Current assets | 29/58 | €235,155 | €202,979 | -€32,176 | -13.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €97,250 | -€2,750 | -2.8% |
| Other amounts receivable | 291 | €100,000 | €97,250 | -€2,750 | -2.8% |
| Stocks and contracts in progress | 3 | €18,942 | €18,455 | -€487 | -2.6% |
| Stocks | 30/36 | €18,942 | €18,455 | -€487 | -2.6% |
| Amounts receivable within one year | 40/41 | €110,438 | €74,514 | -€35,924 | -32.5% |
| Trade receivables | 40 | €25,956 | €10,513 | -€15,443 | -59.5% |
| Other amounts receivable | 41 | €84,482 | €64,001 | -€20,481 | -24.2% |
| Cash at bank and in hand | 54/58 | €1,080 | €6,729 | +€5,649 | +523% |
| Deferred charges and accrued income | 490/1 | €4,695 | €6,031 | +€1,336 | +28.5% |
| Total equity and liabilities | 10/49 | €253,224 | €221,746 | -€31,478 | -12.4% |
| Equity | 10/15 | €111,299 | €81,205 | -€30,094 | -27.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €105,102 | €75,008 | -€30,094 | -28.6% |
| Distributable reserves | 133 | €105,102 | €75,008 | -€30,094 | -28.6% |
| Amounts payable | 17/49 | €141,925 | €140,540 | -€1,384 | -1.0% |
| Amounts payable within one year | 42/48 | €141,925 | €140,540 | -€1,384 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €71,711 | €71,031 | -€679 | -0.9% |
| Financial debts | 43 | €7,825 | - | -€7,825 | |
| Credit institutions | 430/8 | €7,825 | - | -€7,825 | |
| Trade debts | 44 | €3,014 | €5,782 | +€2,769 | +91.9% |
| Suppliers | 440/4 | €3,014 | €5,782 | +€2,769 | +91.9% |
| Taxes, remuneration and social security | 45 | €7,450 | €7,152 | -€298 | -4.0% |
| Taxes | 450/3 | €7,450 | €7,152 | -€298 | -4.0% |
| Other amounts payable | 47/48 | €51,925 | €56,575 | +€4,650 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,191 | €5,487 | -€1,704 | -23.7% |
| Other operating charges | 640/8 | €396 | €255 | -€141 | -35.6% |
| Gross operating margin | 9900 | €20,129 | €13,272 | -€6,857 | -34.1% |
| Operating profit (loss) | 9901 | €12,542 | €7,529 | -€5,012 | -40.0% |
| Financial income | 75/76B | €7,171 | €5,569 | -€1,603 | -22.3% |
| Recurring financial income | 75 | €7,171 | €5,569 | -€1,603 | -22.3% |
| Financial charges | 65/66B | €9,122 | €10,287 | +€1,166 | +12.8% |
| Recurring financial charges | 65 | €9,122 | €10,287 | +€1,166 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €10,592 | €2,811 | -€7,781 | -73.5% |
| Income taxes | 67/77 | €4,058 | €1,910 | -€2,148 | -52.9% |
| Profit (loss) for the period | 9904 | €6,534 | €901 | -€5,632 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,534 | €901 | -€5,632 | -86.2% |
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 24 October 2026 via checked.be.