Brasero: 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.
Brasero
Largest movements
- Cash -€624,532
down €624,532 (-88.8%), from €703,193 to €78,661
mainly Accrued charges and deferred income (-€606,355) and Investment in fixed assets (net) (-€85,493)
- Tangible fixed assets +€58,344
up €58,344 (+55.6%), from €104,979 to €163,323
of which Furniture and vehicles: +€44,934
- Receivables within one year +€45,032
up €45,032 (+52.5%), from €85,739 to €130,771
of which Other amounts receivable: +€44,960
- Accrued charges and deferred income -€606,355
down €606,355 (-86.9%), from €697,408 to €91,053
- Profit (loss) carried forward +€101,362
up €101,362 (+1,162%), from €8,722 to €110,084
- Debts within one year -€19,170
down €19,170 (-18.5%), from €103,507 to €84,337
of which Trade debts: -€60,470
- Gross operating margin +€720,211
up €720,211 (+513%), from €140,495 to €860,706
- Staff costs +€600,852
up €600,852 (+477%), from €125,919 to €726,771
- Depreciation +€14,586
up €14,586 (+125%), from €11,698 to €26,284
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 | €906,137 | €390,645 | -€515,492 | -56.9% |
| Fixed assets | 21/28 | €109,779 | €168,988 | +€59,209 | +53.9% |
| Intangible fixed assets | 21 | - | €1,200 | +€1,200 | |
| Tangible fixed assets | 22/27 | €104,979 | €163,323 | +€58,344 | +55.6% |
| Plant, machinery and equipment | 23 | €104,979 | €118,389 | +€13,410 | +12.8% |
| Furniture and vehicles | 24 | - | €44,934 | +€44,934 | |
| Financial fixed assets | 28 | €4,800 | €4,465 | -€335 | -7.0% |
| Current assets | 29/58 | €796,358 | €221,657 | -€574,701 | -72.2% |
| Amounts receivable within one year | 40/41 | €85,739 | €130,771 | +€45,032 | +52.5% |
| Trade receivables | 40 | - | €72 | +€72 | |
| Other amounts receivable | 41 | €85,739 | €130,699 | +€44,960 | +52.4% |
| Cash at bank and in hand | 54/58 | €703,193 | €78,661 | -€624,532 | -88.8% |
| Deferred charges and accrued income | 490/1 | €7,426 | €12,225 | +€4,799 | +64.6% |
| Total equity and liabilities | 10/49 | €906,137 | €390,645 | -€515,492 | -56.9% |
| Equity | 10/15 | €8,722 | €110,084 | +€101,362 | +1,162% |
| Profit (loss) carried forward | 14 | €8,722 | €110,084 | +€101,362 | +1,162% |
| Amounts payable | 17/49 | €897,415 | €280,561 | -€616,854 | -68.7% |
| Amounts payable after more than one year | 17 | €96,500 | €105,171 | +€8,671 | +9.0% |
| Financial debts | 170/4 | €96,500 | €105,171 | +€8,671 | +9.0% |
| Amounts payable within one year | 42/48 | €103,507 | €84,337 | -€19,170 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | - | €6,504 | +€6,504 | |
| Trade debts | 44 | €68,724 | €8,254 | -€60,470 | -88.0% |
| Suppliers | 440/4 | €68,724 | €8,254 | -€60,470 | -88.0% |
| Taxes, remuneration and social security | 45 | €34,183 | €69,579 | +€35,396 | +104% |
| Taxes | 450/3 | €4,806 | €10,115 | +€5,309 | +110% |
| Remuneration and social security | 454/9 | €29,377 | €59,464 | +€30,087 | +102% |
| Accrued charges and deferred income | 492/3 | €697,408 | €91,053 | -€606,355 | -86.9% |
| Non-recurring operating income | 76A | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €125,919 | €726,771 | +€600,852 | +477% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,698 | €26,284 | +€14,586 | +125% |
| Other operating charges | 640/8 | - | €2,859 | +€2,859 | |
| Non-recurring operating charges | 66A | - | €383 | +€383 | |
| Gross operating margin | 9900 | €140,495 | €860,706 | +€720,211 | +513% |
| Operating profit (loss) | 9901 | €2,878 | €104,409 | +€101,531 | +3,528% |
| Financial income | 75/76B | €267 | €1,255 | +€988 | +370% |
| Recurring financial income | 75 | €267 | €1,255 | +€988 | +370% |
| Financial charges | 65/66B | €140 | €4,301 | +€4,161 | +2,972% |
| Recurring financial charges | 65 | €140 | €301 | +€161 | +115% |
| Non-recurring financial charges | 66B | - | €4,000 | +€4,000 | |
| Profit (loss) for the period before taxes | 9903 | €3,005 | €101,363 | +€98,358 | +3,273% |
| Profit (loss) for the period | 9904 | €3,005 | €101,363 | +€98,358 | +3,273% |
| Profit (loss) for the period to be appropriated | 9905 | €3,005 | €101,363 | +€98,358 | +3,273% |
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 15 October 2026 via checked.be.