B-reno: 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.
B-reno
Largest movements
- Receivables within one year +€26,203
up €26,203 (+1003.3%), from €2,612 to €28,814
of which Trade receivables: +€27,682
- Tangible fixed assets -€5,277
down €5,277 (-21.5%), from €24,513 to €19,235
of which Plant, machinery and equipment: -€4,110
- Financial fixed assets +€2,850
up €2,850 (+1187.5%), from €240 to €3,090
- Cash +€1,617
up €1,617 (+5.0%), from €32,447 to €34,064
mainly Net result for the year (+€29,809) and Depreciation (+€11,302)
- Profit (loss) carried forward +€29,809
up €29,809 (+90.7%), from €32,875 to €62,684
- Trade debts -€7,337
down €7,337 (-73.1%), from €10,036 to €2,699
- Tax, wage and social debts +€1,706
up €1,706 (+15.6%), from €10,904 to €12,610
of which Remuneration and social security: +€1,745
- Other debts +€1,116
up €1,116 (+39.1%), from €2,855 to €3,971
- Gross operating margin +€67,365
up €67,365 (+193.4%), from €34,829 to €102,194
- Staff costs +€48,777
new in 2025: €48,777
- Taxes +€6,043
up €6,043 (+109.0%), from €5,544 to €11,587
- Depreciation +€1,397
up €1,397 (+14.1%), from €9,905 to €11,302
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,860 | €85,204 | +€25,344 | +42.3% |
| Fixed assets | 21/28 | €24,753 | €22,325 | -€2,427 | -9.8% |
| Tangible fixed assets | 22/27 | €24,513 | €19,235 | -€5,277 | -21.5% |
| Plant, machinery and equipment | 23 | €7,116 | €3,005 | -€4,110 | -57.8% |
| Furniture and vehicles | 24 | €17,397 | €16,230 | -€1,167 | -6.7% |
| Financial fixed assets | 28 | €240 | €3,090 | +€2,850 | +1187.5% |
| Current assets | 29/58 | €35,108 | €62,879 | +€27,771 | +79.1% |
| Amounts receivable within one year | 40/41 | €2,612 | €28,814 | +€26,203 | +1003.3% |
| Trade receivables | 40 | - | €27,682 | +€27,682 | |
| Other amounts receivable | 41 | €2,612 | €1,133 | -€1,479 | -56.6% |
| Cash at bank and in hand | 54/58 | €32,447 | €34,064 | +€1,617 | +5.0% |
| Deferred charges and accrued income | 490/1 | €49 | - | -€49 | |
| Total equity and liabilities | 10/49 | €59,860 | €85,204 | +€25,344 | +42.3% |
| Equity | 10/15 | €35,875 | €65,684 | +€29,809 | +83.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,875 | €62,684 | +€29,809 | +90.7% |
| Amounts payable | 17/49 | €23,985 | €19,521 | -€4,465 | -18.6% |
| Amounts payable within one year | 42/48 | €23,794 | €19,279 | -€4,515 | -19.0% |
| Trade debts | 44 | €10,036 | €2,699 | -€7,337 | -73.1% |
| Suppliers | 440/4 | €10,036 | €2,699 | -€7,337 | -73.1% |
| Taxes, remuneration and social security | 45 | €10,904 | €12,610 | +€1,706 | +15.6% |
| Taxes | 450/3 | €9,695 | €9,656 | -€39 | -0.4% |
| Remuneration and social security | 454/9 | €1,209 | €2,953 | +€1,745 | +144.3% |
| Other amounts payable | 47/48 | €2,855 | €3,971 | +€1,116 | +39.1% |
| Accrued charges and deferred income | 492/3 | €191 | €242 | +€50 | +26.3% |
| Remuneration, social security and pensions | 62 | - | €48,777 | +€48,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,905 | €11,302 | +€1,397 | +14.1% |
| Other operating charges | 640/8 | €433 | €518 | +€85 | +19.7% |
| Gross operating margin | 9900 | €34,829 | €102,194 | +€67,365 | +193.4% |
| Operating profit (loss) | 9901 | €24,491 | €41,596 | +€17,105 | +69.8% |
| Financial income | 75/76B | €8 | €41 | +€33 | +415.1% |
| Recurring financial income | 75 | €8 | €41 | +€33 | +415.1% |
| Financial charges | 65/66B | €191 | €242 | +€50 | +26.4% |
| Recurring financial charges | 65 | €191 | €242 | +€50 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €24,308 | €41,395 | +€17,088 | +70.3% |
| Income taxes | 67/77 | €5,544 | €11,587 | +€6,043 | +109.0% |
| Profit (loss) for the period | 9904 | €18,764 | €29,809 | +€11,045 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,764 | €29,809 | +€11,045 | +58.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.