BRASSIMMO: 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
BRASSIMMO
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€12,892
2024 · €191,370-€204,262
Equity
€831,857
2024 · €844,750-€12,892
Cash
€23,721
2024 · €38,770-€15,049
Balance sheet total
€2.2m
2024 · €3.0m-€783,459
Largest movements
Assets
- Stocks and contracts -€860,641
no longer reported in 2025 (was €860,641)
- Tangible fixed assets +€638,088
up €638,088 (+41.5%), from €1.5m to €2.2m
of which Land and buildings: +€625,542
- Receivables within one year -€542,696
down €542,696 (-96.1%), from €564,462 to €21,765
Equity and liabilities
- Other debts -€586,900
down €586,900 (-76.9%), from €762,838 to €175,938
- Debts after one year -€102,991
down €102,991 (-10.7%), from €958,472 to €855,481
- Accrued charges and deferred income -€85,063
down €85,063 (-90.4%), from €94,070 to €9,008
- Short-term financial debts +€75,000
up €75,000 (+100.0%), from €75,000 to €150,000
- Tax, wage and social debts -€37,879
down €37,879 (-97.5%), from €38,837 to €957
Income statement
- Gross operating margin -€253,882
down €253,882 (-66.4%), from €382,259 to €128,377
- Taxes -€43,924
down €43,924 (-97.5%), from €45,061 to €1,137
- Financial charges -€38,707
down €38,707 (-52.4%), from €73,887 to €35,180
- Depreciation +€19,370
up €19,370 (+27.9%), from €69,529 to €88,899
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
€191,370
Gross operating margin
-€253,882
Depreciation
-€19,370
Other operating charges
+€2,811
Other operating items
-€15,000
Financial income
-€1,849
Financial charges
+€38,707
Taxes
+€43,924
Deferred taxes and other
+€397
Result 2025
-€12,892
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
+€743,745
Investment
-€726,986
Financing
-€31,807
Cash 2024
€38,770
From operations (derived)
+€743,745
Net result for the year
-€12,892
Depreciation
+€88,899
Stocks and contracts
+€860,641
Receivables within one year
+€542,696
Deferred charges and accrued income
+€3,161
Provisions
-€4,631
Trade debts
-€24,287
Tax, wage and social debts
-€37,879
Other debts
-€586,900
Accrued charges and deferred income
-€85,063
Investment (derived)
-€726,986
Investment in fixed assets (net)
-€726,986
Financing
-€31,807
Debts after one year
-€102,991
Current portion of long-term debt
-€3,816
Short-term financial debts
+€75,000
Cash 2025
€23,721
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,003,502 | €2,220,043 | -€783,459 | -26.1% |
| Fixed assets | 21/28 | €1,536,019 | €2,174,107 | +€638,088 | +41.5% |
| Tangible fixed assets | 22/27 | €1,536,019 | €2,174,107 | +€638,088 | +41.5% |
| Land and buildings | 22 | €1,490,838 | €2,116,381 | +€625,542 | +42.0% |
| Plant, machinery and equipment | 23 | €2,369 | €1,411 | -€959 | -40.5% |
| Furniture and vehicles | 24 | €42,811 | €56,315 | +€13,504 | +31.5% |
| Current assets | 29/58 | €1,467,483 | €45,936 | -€1.4m | -96.9% |
| Stocks and contracts in progress | 3 | €860,641 | - | -€860,641 | |
| Stocks | 30/36 | €860,641 | - | -€860,641 | |
| Amounts receivable within one year | 40/41 | €564,462 | €21,765 | -€542,696 | -96.1% |
| Other amounts receivable | 41 | €564,462 | €21,765 | -€542,696 | -96.1% |
| Cash at bank and in hand | 54/58 | €38,770 | €23,721 | -€15,049 | -38.8% |
| Deferred charges and accrued income | 490/1 | €3,611 | €450 | -€3,161 | -87.5% |
| Total equity and liabilities | 10/49 | €3,003,502 | €2,220,043 | -€783,459 | -26.1% |
| Equity | 10/15 | €844,750 | €831,857 | -€12,892 | -1.5% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €757,987 | €745,094 | -€12,892 | -1.7% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €260,991 | €247,098 | -€13,893 | -5.3% |
| Distributable reserves | 133 | €488,320 | €489,320 | +€1,000 | +0.2% |
| Provisions and deferred taxes | 16 | €86,997 | €82,366 | -€4,631 | -5.3% |
| Deferred taxes | 168 | €86,997 | €82,366 | -€4,631 | -5.3% |
| Amounts payable | 17/49 | €2,071,755 | €1,305,820 | -€765,936 | -37.0% |
| Amounts payable after more than one year | 17 | €958,472 | €855,481 | -€102,991 | -10.7% |
| Financial debts | 170/4 | €958,472 | €855,481 | -€102,991 | -10.7% |
| Amounts payable within one year | 42/48 | €1,019,214 | €441,331 | -€577,882 | -56.7% |
| Current portion of amounts payable after more than one year | 42 | €111,671 | €107,855 | -€3,816 | -3.4% |
| Financial debts | 43 | €75,000 | €150,000 | +€75,000 | +100.0% |
| Credit institutions | 430/8 | €75,000 | €150,000 | +€75,000 | +100.0% |
| Trade debts | 44 | €30,867 | €6,580 | -€24,287 | -78.7% |
| Suppliers | 440/4 | €30,867 | €6,580 | -€24,287 | -78.7% |
| Taxes, remuneration and social security | 45 | €38,837 | €957 | -€37,879 | -97.5% |
| Taxes | 450/3 | €38,837 | €957 | -€37,879 | -97.5% |
| Other amounts payable | 47/48 | €762,838 | €175,938 | -€586,900 | -76.9% |
| Accrued charges and deferred income | 492/3 | €94,070 | €9,008 | -€85,063 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,529 | €88,899 | +€19,370 | +27.9% |
| Other operating charges | 640/8 | €8,496 | €5,685 | -€2,811 | -33.1% |
| Non-recurring operating charges | 66A | - | €15,000 | +€15,000 | |
| Gross operating margin | 9900 | €382,259 | €128,377 | -€253,882 | -66.4% |
| Operating profit (loss) | 9901 | €304,234 | €18,793 | -€285,441 | -93.8% |
| Financial income | 75/76B | €1,849 | - | -€1,849 | |
| Recurring financial income | 75 | €1,849 | - | -€1,849 | |
| Financial charges | 65/66B | €73,887 | €35,180 | -€38,707 | -52.4% |
| Recurring financial charges | 65 | €73,887 | €35,180 | -€38,707 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | €232,196 | -€16,386 | -€248,582 | |
| Transfer from deferred taxes | 780 | €4,234 | €4,631 | +€397 | +9.4% |
| Income taxes | 67/77 | €45,061 | €1,137 | -€43,924 | -97.5% |
| Profit (loss) for the period | 9904 | €191,370 | -€12,892 | -€204,262 | |
| Transfer from tax-exempt reserves | 789 | €12,703 | €13,893 | +€1,190 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €204,073 | €1,000 | -€203,073 | -99.5% |
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 30 September 2026 via checked.be.