2Brec: what changed
Two fiscal 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
2Brec
NACE 46.872, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€550,463
2024 · €381,327+€169,136
Equity
€2.2m
2024 · €2.3m-€83,287
Cash
€3.4m
2024 · €2.7m+€774,107
Balance sheet total
€15.7m
2024 · €17.2m-€1.5m
Largest movements
Assets
- Stocks and contracts -€2.5m
down €2.5m (-37.0%), from €6.6m to €4.2m
- Cash +€774,107
up €774,107 (+29.1%), from €2.7m to €3.4m
mainly Trade debts (+€3.4m) and Stocks and contracts (+€2.5m)
- Receivables within one year +€327,428
up €327,428 (+4.3%), from €7.6m to €7.9m
of which Trade receivables: +€489,698
Equity and liabilities
- Short-term financial debts -€4.0m
down €4.0m (-57.1%), from €7.0m to €3.0m
- Trade debts +€3.4m
up €3.4m (+54.1%), from €6.2m to €9.6m
- Accrued charges and deferred income -€1.3m
down €1.3m (-86.9%), from €1.5m to €201,557
- Other debts +€639,998
up €639,998 (+56757.5%), from €1,128 to €641,126
Income statement
- Turnover +€21.4m
up €21.4m (+27.7%), from €77.3m to €98.7m
- Goods and materials +€19.8m
up €19.8m (+26.5%), from €74.8m to €94.6m
of which Purchases: +€18.4m
- Services and other goods +€1.1m
up €1.1m (+73.2%), from €1.5m to €2.7m
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
€381,327
Turnover
+€21.4m
Other operating income
+€23,098
Goods and materials
-€19.8m
Services and other goods
-€1.1m
Staff costs
-€15,651
Depreciation
+€12,152
Other operating charges
-€27,823
Financial income
+€128,340
Financial charges
-€391,740
Taxes
-€80,484
Result 2025
€550,463
Cash bridge derived
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
+€5.5m
Investment
-€85,851
Financing
-€4.6m
Cash 2024
€2.7m
From operations (derived)
+€5.5m
Net result for the year
+€550,463
Depreciation
+€37,363
Stocks and contracts
+€2.5m
Receivables within one year
-€327,428
Deferred charges and accrued income
+€148,377
Trade debts
+€3.4m
Tax, wage and social debts
+€7,736
Advances received
-€60,000
Other debts
+€639,998
Accrued charges and deferred income
-€1.3m
Investment (derived)
-€85,851
Investment in fixed assets (net)
-€85,851
Financing
-€4.6m
Short-term financial debts
-€4.0m
Contributions, distributions and other
-€633,750
Cash 2025
€3.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,165,888 | €15,714,434 | -€1.5m | -8.5% |
| Fixed assets | 21/28 | €140,860 | €189,348 | +€48,488 | +34.4% |
| Intangible fixed assets | 21 | €7,447 | €555 | -€6,892 | -92.5% |
| Tangible fixed assets | 22/27 | €131,613 | €186,693 | +€55,080 | +41.8% |
| Plant, machinery and equipment | 23 | €28,527 | €11,346 | -€17,181 | -60.2% |
| Furniture and vehicles | 24 | €62,765 | €141,814 | +€79,049 | +125.9% |
| Other tangible fixed assets | 26 | €40,320 | €33,532 | -€6,788 | -16.8% |
| Financial fixed assets | 28 | €1,800 | €2,100 | +€300 | +16.7% |
| Other financial fixed assets | 284/8 | €1,800 | €2,100 | +€300 | +16.7% |
| Amounts receivable and cash guarantees | 285/8 | €1,800 | €2,100 | +€300 | +16.7% |
| Current assets | 29/58 | €17,025,028 | €15,525,086 | -€1.5m | -8.8% |
| Stocks and contracts in progress | 3 | €6,633,527 | €4,180,427 | -€2.5m | -37.0% |
| Stocks | 30/36 | €6,633,527 | €4,180,427 | -€2.5m | -37.0% |
| Goods purchased for resale | 34 | €6,633,527 | €4,180,427 | -€2.5m | -37.0% |
| Amounts receivable within one year | 40/41 | €7,559,301 | €7,886,729 | +€327,428 | +4.3% |
| Trade receivables | 40 | €7,369,170 | €7,858,868 | +€489,698 | +6.6% |
| Other amounts receivable | 41 | €190,131 | €27,861 | -€162,270 | -85.3% |
| Cash at bank and in hand | 54/58 | €2,662,469 | €3,436,576 | +€774,107 | +29.1% |
| Deferred charges and accrued income | 490/1 | €169,731 | €21,354 | -€148,377 | -87.4% |
| Total equity and liabilities | 10/49 | €17,165,888 | €15,714,434 | -€1.5m | -8.5% |
| Equity | 10/15 | €2,287,495 | €2,204,208 | -€83,287 | -3.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,885,708 | €1,885,708 | = | 0.0% |
| Distributable reserves | 133 | €1,885,708 | €1,885,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | €381,327 | €298,040 | -€83,287 | -21.8% |
| Amounts payable | 17/49 | €14,878,393 | €13,510,226 | -€1.4m | -9.2% |
| Amounts payable within one year | 42/48 | €13,342,968 | €13,308,669 | -€34,298 | -0.3% |
| Financial debts | 43 | €7,000,000 | €3,000,000 | -€4.0m | -57.1% |
| Credit institutions | 430/8 | €7,000,000 | €3,000,000 | -€4.0m | -57.1% |
| Trade debts | 44 | €6,246,295 | €9,624,263 | +€3.4m | +54.1% |
| Suppliers | 440/4 | €6,246,295 | €9,624,263 | +€3.4m | +54.1% |
| Advances received on contracts in progress | 46 | €60,000 | €0 | -€60,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €35,545 | €43,281 | +€7,736 | +21.8% |
| Taxes | 450/3 | €3,460 | €8,974 | +€5,514 | +159.4% |
| Remuneration and social security | 454/9 | €32,085 | €34,307 | +€2,223 | +6.9% |
| Other amounts payable | 47/48 | €1,128 | €641,126 | +€639,998 | +56757.5% |
| Accrued charges and deferred income | 492/3 | €1,535,425 | €201,557 | -€1.3m | -86.9% |
| Operating income | 70/76A | €77,306,813 | €98,772,780 | +€21.5m | +27.8% |
| Turnover | 70 | €77,306,046 | €98,748,915 | +€21.4m | +27.7% |
| Other operating income | 74 | €767 | €23,866 | +€23,098 | +3010.9% |
| Operating charges | 60/66A | €76,546,212 | €97,499,159 | +€21.0m | +27.4% |
| Goods for resale, raw materials and consumables | 60 | €74,803,338 | €94,590,981 | +€19.8m | +26.5% |
| Purchases | 600/8 | €73,733,986 | €92,137,881 | +€18.4m | +25.0% |
| Change in stocks: decrease (increase) | 609 | €1,069,352 | €2,453,100 | +€1.4m | +129.4% |
| Services and other goods | 61 | €1,549,336 | €2,683,318 | +€1.1m | +73.2% |
| Remuneration, social security and pensions | 62 | €139,373 | €155,024 | +€15,651 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,514 | €37,363 | -€12,152 | -24.5% |
| Other operating charges | 640/8 | €4,650 | €32,473 | +€27,823 | +598.4% |
| Operating profit (loss) | 9901 | €760,602 | €1,273,621 | +€513,019 | +67.4% |
| Financial income | 75/76B | €51,227 | €179,567 | +€128,340 | +250.5% |
| Recurring financial income | 75 | €51,227 | €179,567 | +€128,340 | +250.5% |
| Income from current assets | 751 | €41,872 | €26,716 | -€15,155 | -36.2% |
| Other financial income | 752/9 | €9,355 | €152,851 | +€143,495 | +1533.8% |
| Financial charges | 65/66B | €299,725 | €691,465 | +€391,740 | +130.7% |
| Recurring financial charges | 65 | €299,725 | €691,465 | +€391,740 | +130.7% |
| Debt charges | 650 | €264,737 | €402,098 | +€137,361 | +51.9% |
| Other financial charges | 652/9 | €34,988 | €289,367 | +€254,379 | +727.0% |
| Profit (loss) for the period before taxes | 9903 | €512,103 | €761,723 | +€249,620 | +48.7% |
| Income taxes | 67/77 | €130,776 | €211,260 | +€80,484 | +61.5% |
| Taxes | 670/3 | €130,776 | €211,260 | +€80,484 | +61.5% |
| Profit (loss) for the period | 9904 | €381,327 | €550,463 | +€169,136 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €381,327 | €550,463 | +€169,136 | +44.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.