VAN BREUSEGEM PAUL: 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 BREUSEGEM PAUL
Largest movements
- Receivables within one year +€176,645
up €176,645 (+30.6%), from €576,944 to €753,588
- Cash +€26,273
up €26,273 (+179%), from €14,687 to €40,960
mainly Net result for the year (+€162,445) and Tax, wage and social debts (+€41,039)
- Tangible fixed assets -€10,322
down €10,322 (-6.2%), from €167,321 to €156,999
of which Other tangible fixed assets: -€6,804
- Reserves +€162,445
up €162,445 (+28.7%), from €566,289 to €728,734
of which Distributable reserves: +€162,445
- Tax, wage and social debts +€41,039
up €41,039 (+42.4%), from €96,752 to €137,791
of which Taxes: +€43,249
- Debts after one year -€26,424
down €26,424 (-46.9%), from €56,303 to €29,879
- Trade debts +€9,577
up €9,577 (+1,234%), from €776 to €10,353
- Staff costs -€8,379
down €8,379 (-50.5%), from €16,590 to €8,212
- Depreciation -€6,073
down €6,073 (-37.0%), from €16,395 to €10,322
- Gross operating margin -€4,181
down €4,181 (-1.5%), from €271,754 to €267,574
- Taxes +€2,734
up €2,734 (+3.7%), from €73,021 to €75,755
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 | €759,051 | €951,647 | +€192,595 | +25.4% |
| Fixed assets | 21/28 | €167,421 | €157,099 | -€10,322 | -6.2% |
| Tangible fixed assets | 22/27 | €167,321 | €156,999 | -€10,322 | -6.2% |
| Land and buildings | 22 | €144,492 | €143,002 | -€1,489 | -1.0% |
| Plant, machinery and equipment | 23 | €3,464 | €1,435 | -€2,029 | -58.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €19,366 | €12,562 | -€6,804 | -35.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €591,630 | €794,548 | +€202,918 | +34.3% |
| Amounts receivable within one year | 40/41 | €576,944 | €753,588 | +€176,645 | +30.6% |
| Other amounts receivable | 41 | €576,944 | €753,588 | +€176,645 | +30.6% |
| Cash at bank and in hand | 54/58 | €14,687 | €40,960 | +€26,273 | +179% |
| Total equity and liabilities | 10/49 | €759,051 | €951,647 | +€192,595 | +25.4% |
| Equity | 10/15 | €591,289 | €753,734 | +€162,445 | +27.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €566,289 | €728,734 | +€162,445 | +28.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €563,789 | €726,234 | +€162,445 | +28.8% |
| Amounts payable | 17/49 | €167,762 | €197,912 | +€30,150 | +18.0% |
| Amounts payable after more than one year | 17 | €56,303 | €29,879 | -€26,424 | -46.9% |
| Financial debts | 170/4 | €56,303 | €29,879 | -€26,424 | -46.9% |
| Amounts payable within one year | 42/48 | €111,459 | €168,033 | +€56,574 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €13,931 | €19,889 | +€5,958 | +42.8% |
| Trade debts | 44 | €776 | €10,353 | +€9,577 | +1,234% |
| Suppliers | 440/4 | €776 | €10,353 | +€9,577 | +1,234% |
| Taxes, remuneration and social security | 45 | €96,752 | €137,791 | +€41,039 | +42.4% |
| Taxes | 450/3 | €94,542 | €137,791 | +€43,249 | +45.7% |
| Remuneration and social security | 454/9 | €2,210 | - | -€2,210 | |
| Remuneration, social security and pensions | 62 | €16,590 | €8,212 | -€8,379 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,395 | €10,322 | -€6,073 | -37.0% |
| Other operating charges | 640/8 | €5,486 | €4,810 | -€676 | -12.3% |
| Gross operating margin | 9900 | €271,754 | €267,574 | -€4,181 | -1.5% |
| Operating profit (loss) | 9901 | €233,282 | €244,229 | +€10,947 | +4.7% |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | €5,734 | €6,085 | +€351 | +6.1% |
| Recurring financial charges | 65 | €5,734 | €6,085 | +€351 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €227,548 | €238,200 | +€10,652 | +4.7% |
| Income taxes | 67/77 | €73,021 | €75,755 | +€2,734 | +3.7% |
| Profit (loss) for the period | 9904 | €154,527 | €162,445 | +€7,918 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €154,527 | €162,445 | +€7,918 | +5.1% |
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 16 October 2026 via checked.be.