Brebels: 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.
Brebels
Largest movements
- Receivables within one year -€16,197
down €16,197 (-84.6%), from €19,140 to €2,943
of which Trade receivables: -€16,197
- Stocks and contracts +€11,439
new in 2025: €11,439
- Deferred charges and accrued income +€8,499
up €8,499 (+250.9%), from €3,388 to €11,887
- Intangible fixed assets -€6,000
down €6,000 (-25.2%), from €23,845 to €17,845
- Tangible fixed assets -€5,569
down €5,569 (-28.6%), from €19,484 to €13,915
- Profit (loss) carried forward +€38,400
up €38,400, from -€3,064 to €35,335
- Tax, wage and social debts -€26,881
down €26,881 (-53.6%), from €50,180 to €23,298
of which Remuneration and social security: -€23,840
- Other debts -€15,957
down €15,957 (-47.7%), from €33,485 to €17,528
- Debts after one year -€6,363
down €6,363 (-30.9%), from €20,573 to €14,209
- Staff costs -€276,414
down €276,414 (-64.5%), from €428,741 to €152,328
- Gross operating margin -€226,108
down €226,108 (-50.7%), from €446,136 to €220,028
- Taxes +€10,313
up €10,313 (+443.5%), from €2,325 to €12,638
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 | €119,725 | €109,631 | -€10,093 | -8.4% |
| Fixed assets | 21/28 | €52,329 | €40,760 | -€11,569 | -22.1% |
| Intangible fixed assets | 21 | €23,845 | €17,845 | -€6,000 | -25.2% |
| Tangible fixed assets | 22/27 | €19,484 | €13,915 | -€5,569 | -28.6% |
| Plant, machinery and equipment | 23 | €19,484 | €13,915 | -€5,569 | -28.6% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €67,395 | €68,871 | +€1,476 | +2.2% |
| Stocks and contracts in progress | 3 | - | €11,439 | +€11,439 | |
| Stocks | 30/36 | - | €11,439 | +€11,439 | |
| Amounts receivable within one year | 40/41 | €19,140 | €2,943 | -€16,197 | -84.6% |
| Trade receivables | 40 | €16,465 | €268 | -€16,197 | -98.4% |
| Other amounts receivable | 41 | €2,675 | €2,675 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,868 | €42,603 | -€2,265 | -5.0% |
| Deferred charges and accrued income | 490/1 | €3,388 | €11,887 | +€8,499 | +250.9% |
| Total equity and liabilities | 10/49 | €119,725 | €109,631 | -€10,093 | -8.4% |
| Equity | 10/15 | €1,936 | €40,335 | +€38,400 | +1983.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | - | €5,000 | +€5,000 | |
| Issued capital | 100 | - | €5,000 | +€5,000 | |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | -€3,064 | €35,335 | +€38,400 | |
| Amounts payable | 17/49 | €117,789 | €69,296 | -€48,493 | -41.2% |
| Amounts payable after more than one year | 17 | €20,573 | €14,209 | -€6,363 | -30.9% |
| Financial debts | 170/4 | €20,573 | €14,209 | -€6,363 | -30.9% |
| Amounts payable within one year | 42/48 | €97,216 | €55,087 | -€42,130 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €6,084 | €6,363 | +€279 | +4.6% |
| Trade debts | 44 | €7,467 | €7,897 | +€430 | +5.8% |
| Suppliers | 440/4 | €7,467 | €7,897 | +€430 | +5.8% |
| Taxes, remuneration and social security | 45 | €50,180 | €23,298 | -€26,881 | -53.6% |
| Taxes | 450/3 | €19,154 | €16,112 | -€3,042 | -15.9% |
| Remuneration and social security | 454/9 | €31,026 | €7,186 | -€23,840 | -76.8% |
| Other amounts payable | 47/48 | €33,485 | €17,528 | -€15,957 | -47.7% |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Remuneration, social security and pensions | 62 | €428,741 | €152,328 | -€276,414 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,408 | €11,569 | +€161 | +1.4% |
| Other operating charges | 640/8 | €2,120 | €1,577 | -€543 | -25.6% |
| Gross operating margin | 9900 | €446,136 | €220,028 | -€226,108 | -50.7% |
| Operating profit (loss) | 9901 | €3,866 | €54,554 | +€50,688 | +1311.1% |
| Financial income | 75/76B | €62 | - | -€62 | |
| Recurring financial income | 75 | €62 | - | -€62 | |
| Financial charges | 65/66B | €4,668 | €3,517 | -€1,151 | -24.7% |
| Recurring financial charges | 65 | €4,668 | €3,517 | -€1,151 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€739 | €51,037 | +€51,777 | |
| Income taxes | 67/77 | €2,325 | €12,638 | +€10,313 | +443.5% |
| Profit (loss) for the period | 9904 | -€3,064 | €38,400 | +€41,464 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,064 | €38,400 | +€41,464 |
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 9 October 2026 via checked.be.