BRASSCO: 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.
BRASSCO
Largest movements
- Current investments +€125,000
new in 2025: €125,000
- Cash -€44,421
down €44,421 (-26.7%), from €166,441 to €122,020
mainly Current investments (-€125,000) and Investment in fixed assets (net) (-€51,574)
- Tangible fixed assets +€29,222
up €29,222 (+39.5%), from €74,026 to €103,248
- Receivables after one year -€13,992
down €13,992 (-40.0%), from €35,000 to €21,008
- Reserves +€53,204
up €53,204 (+24.8%), from €214,750 to €267,954
- Other debts +€21,851
up €21,851 (+16297.0%), from €134 to €21,985
- Trade debts +€16,945
up €16,945 (+126.2%), from €13,431 to €30,376
- Tax, wage and social debts +€8,872
up €8,872 (+17.7%), from €50,113 to €58,985
of which Remuneration and social security: +€12,196
- Gross operating margin +€88,143
up €88,143 (+16.2%), from €545,472 to €633,615
- Staff costs +€58,243
up €58,243 (+13.1%), from €445,580 to €503,823
- Taxes +€8,496
up €8,496 (+38.2%), from €22,214 to €30,710
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 | €298,059 | €397,912 | +€99,853 | +33.5% |
| Fixed assets | 21/28 | €74,026 | €103,248 | +€29,222 | +39.5% |
| Tangible fixed assets | 22/27 | €74,026 | €103,248 | +€29,222 | +39.5% |
| Land and buildings | 22 | €3,248 | €16,171 | +€12,923 | +397.9% |
| Plant, machinery and equipment | 23 | €11,401 | €8,087 | -€3,314 | -29.1% |
| Furniture and vehicles | 24 | €7,064 | €18,994 | +€11,930 | +168.9% |
| Other tangible fixed assets | 26 | €52,314 | €59,996 | +€7,682 | +14.7% |
| Current assets | 29/58 | €224,033 | €294,664 | +€70,631 | +31.5% |
| Amounts receivable after more than one year | 29 | €35,000 | €21,008 | -€13,992 | -40.0% |
| Other amounts receivable | 291 | €35,000 | €21,008 | -€13,992 | -40.0% |
| Stocks and contracts in progress | 3 | €14,905 | €13,780 | -€1,125 | -7.5% |
| Stocks | 30/36 | €14,905 | €13,780 | -€1,125 | -7.5% |
| Amounts receivable within one year | 40/41 | €6,043 | €9,625 | +€3,582 | +59.3% |
| Trade receivables | 40 | €3,262 | €3,476 | +€215 | +6.6% |
| Other amounts receivable | 41 | €2,781 | €6,149 | +€3,368 | +121.1% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €166,441 | €122,020 | -€44,421 | -26.7% |
| Deferred charges and accrued income | 490/1 | €1,644 | €3,231 | +€1,587 | +96.6% |
| Total equity and liabilities | 10/49 | €298,059 | €397,912 | +€99,853 | +33.5% |
| Equity | 10/15 | €233,350 | €286,554 | +€53,204 | +22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214,750 | €267,954 | +€53,204 | +24.8% |
| Distributable reserves | 133 | €214,750 | €267,954 | +€53,204 | +24.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €64,709 | €111,359 | +€46,649 | +72.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €64,709 | €111,359 | +€46,649 | +72.1% |
| Current portion of amounts payable after more than one year | 42 | €1,031 | €0 | -€1,031 | -100.0% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €13,431 | €30,376 | +€16,945 | +126.2% |
| Suppliers | 440/4 | €13,431 | €30,376 | +€16,945 | +126.2% |
| Taxes, remuneration and social security | 45 | €50,113 | €58,985 | +€8,872 | +17.7% |
| Taxes | 450/3 | €18,514 | €15,190 | -€3,324 | -18.0% |
| Remuneration and social security | 454/9 | €31,599 | €43,795 | +€12,196 | +38.6% |
| Other amounts payable | 47/48 | €134 | €21,985 | +€21,851 | +16297.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €250 | €0 | -€250 | -100.0% |
| Remuneration, social security and pensions | 62 | €445,580 | €503,823 | +€58,243 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,338 | €22,352 | +€3,014 | +15.6% |
| Other operating charges | 640/8 | €3,310 | €2,285 | -€1,025 | -31.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €545,472 | €633,615 | +€88,143 | +16.2% |
| Operating profit (loss) | 9901 | €77,243 | €105,155 | +€27,911 | +36.1% |
| Financial income | 75/76B | €187 | €0 | -€187 | -100.0% |
| Recurring financial income | 75 | €187 | €0 | -€187 | -100.0% |
| Financial charges | 65/66B | €1,497 | €298 | -€1,199 | -80.1% |
| Recurring financial charges | 65 | €1,497 | €298 | -€1,199 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | €75,933 | €104,857 | +€28,924 | +38.1% |
| Income taxes | 67/77 | €22,214 | €30,710 | +€8,496 | +38.2% |
| Profit (loss) for the period | 9904 | €53,719 | €74,146 | +€20,428 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,719 | €74,146 | +€20,428 | +38.0% |
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 6 October 2026 via checked.be.