BREBACO: 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.
BREBACO
Largest movements
- Current investments -€22,860
down €22,860 (-56.0%), from €40,808 to €17,949
- Cash -€19,718
down €19,718 (-37.8%), from €52,131 to €32,413
mainly Contributions, distributions and other (-€184,161) and Investment in fixed assets (net) (-€7,818)
- Receivables within one year -€3,265
down €3,265 (-18.1%), from €18,079 to €14,814
of which Trade receivables: -€3,572
- Reserves -€122,493
down €122,493 (-100.0%), from €122,493 to €0
- Other debts +€80,142
up €80,142 (+7136.5%), from €1,123 to €81,265
- Tax, wage and social debts -€3,339
down €3,339 (-16.3%), from €20,516 to €17,177
- Gross operating margin +€12,397
up €12,397 (+18.5%), from €67,017 to €79,414
- Financial income +€9,571
up €9,571 (+2382.5%), from €402 to €9,973
- Taxes +€5,019
up €5,019 (+38.4%), from €13,080 to €18,099
- Depreciation +€1,972
up €1,972 (+35.2%), from €5,606 to €7,578
- Financial charges +€1,425
up €1,425 (+1969.3%), from €72 to €1,498
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 | €147,671 | €103,062 | -€44,609 | -30.2% |
| Fixed assets | 21/28 | €34,089 | €34,329 | +€240 | +0.7% |
| Tangible fixed assets | 22/27 | €34,089 | €34,329 | +€240 | +0.7% |
| Plant, machinery and equipment | 23 | €1,482 | €1,292 | -€190 | -12.8% |
| Furniture and vehicles | 24 | €5,047 | €2,054 | -€2,993 | -59.3% |
| Other tangible fixed assets | 26 | €27,560 | €30,983 | +€3,423 | +12.4% |
| Current assets | 29/58 | €113,582 | €68,733 | -€44,849 | -39.5% |
| Amounts receivable within one year | 40/41 | €18,079 | €14,814 | -€3,265 | -18.1% |
| Trade receivables | 40 | €17,914 | €14,342 | -€3,572 | -19.9% |
| Other amounts receivable | 41 | €165 | €472 | +€307 | +185.8% |
| Current investments | 50/53 | €40,808 | €17,949 | -€22,860 | -56.0% |
| Cash at bank and in hand | 54/58 | €52,131 | €32,413 | -€19,718 | -37.8% |
| Deferred charges and accrued income | 490/1 | €2,564 | €3,558 | +€994 | +38.8% |
| Total equity and liabilities | 10/49 | €147,671 | €103,062 | -€44,609 | -30.2% |
| Equity | 10/15 | €123,493 | €1,000 | -€122,493 | -99.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €122,493 | €0 | -€122,493 | -100.0% |
| Distributable reserves | 133 | €122,493 | €0 | -€122,493 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,178 | €102,062 | +€77,885 | +322.1% |
| Amounts payable within one year | 42/48 | €24,178 | €100,635 | +€76,458 | +316.2% |
| Financial debts | 43 | €478 | €134 | -€344 | -71.9% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €478 | €134 | -€344 | -71.9% |
| Trade debts | 44 | €2,061 | €2,059 | -€2 | -0.1% |
| Suppliers | 440/4 | €2,061 | €2,059 | -€2 | -0.1% |
| Taxes, remuneration and social security | 45 | €20,516 | €17,177 | -€3,339 | -16.3% |
| Taxes | 450/3 | €20,516 | €17,177 | -€3,339 | -16.3% |
| Other amounts payable | 47/48 | €1,123 | €81,265 | +€80,142 | +7136.5% |
| Accrued charges and deferred income | 492/3 | - | €1,427 | +€1,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,606 | €7,578 | +€1,972 | +35.2% |
| Other operating charges | 640/8 | €125 | €544 | +€419 | +336.5% |
| Gross operating margin | 9900 | €67,017 | €79,414 | +€12,397 | +18.5% |
| Operating profit (loss) | 9901 | €61,286 | €71,292 | +€10,006 | +16.3% |
| Financial income | 75/76B | €402 | €9,973 | +€9,571 | +2382.5% |
| Recurring financial income | 75 | €402 | €9,973 | +€9,571 | +2382.5% |
| Financial charges | 65/66B | €72 | €1,498 | +€1,425 | +1969.3% |
| Recurring financial charges | 65 | €72 | €1,498 | +€1,425 | +1969.3% |
| Profit (loss) for the period before taxes | 9903 | €61,615 | €79,767 | +€18,152 | +29.5% |
| Income taxes | 67/77 | €13,080 | €18,099 | +€5,019 | +38.4% |
| Profit (loss) for the period | 9904 | €48,535 | €61,668 | +€13,132 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,535 | €61,668 | +€13,132 | +27.1% |
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.