BREBELS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€18,019
up €18,019 (+11.8%), from €152,954 to €170,973
of which Other amounts receivable: +€10,114
- Profit (loss) carried forward +€36,165
up €36,165 (+61.8%), from -€58,537 to -€22,371
- Tax, wage and social debts -€21,278
down €21,278 (-65.9%), from €32,303 to €11,025
- Debts after one year -€5,551
no longer reported in 2025 (was €5,551)
- Short-term financial debts +€4,692
up €4,692 (+90.1%), from €5,208 to €9,900
- Trade debts +€3,990
up €3,990 (+2.8%), from €144,222 to €148,212
- Gross operating margin -€33,137
down €33,137 (-44.4%), from €74,591 to €41,454
- Financial charges -€19,025
down €19,025 (-92.2%), from €20,629 to €1,603
- Financial income +€10,773
new in 2025: €10,773
- Taxes -€1,973
down €1,973 (-13.9%), from €14,185 to €12,213
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,199 | €172,218 | +€18,019 | +11.7% |
| Fixed assets | 21/28 | €1,245 | €1,245 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,245 | €1,245 | = | 0.0% |
| Furniture and vehicles | 24 | €1,245 | €1,245 | = | 0.0% |
| Current assets | 29/58 | €152,954 | €170,973 | +€18,019 | +11.8% |
| Amounts receivable within one year | 40/41 | €152,954 | €170,973 | +€18,019 | +11.8% |
| Trade receivables | 40 | €17,248 | €25,153 | +€7,905 | +45.8% |
| Other amounts receivable | 41 | €135,706 | €145,820 | +€10,114 | +7.5% |
| Total equity and liabilities | 10/49 | €154,199 | €172,218 | +€18,019 | +11.7% |
| Equity | 10/15 | -€33,085 | €3,080 | +€36,165 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,859 | €6,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,537 | -€22,371 | +€36,165 | +61.8% |
| Amounts payable | 17/49 | €187,284 | €169,138 | -€18,146 | -9.7% |
| Amounts payable after more than one year | 17 | €5,551 | - | -€5,551 | |
| Financial debts | 170/4 | €5,551 | - | -€5,551 | |
| Amounts payable within one year | 42/48 | €181,733 | €169,138 | -€12,595 | -6.9% |
| Financial debts | 43 | €5,208 | €9,900 | +€4,692 | +90.1% |
| Credit institutions | 430/8 | €5,208 | €9,900 | +€4,692 | +90.1% |
| Trade debts | 44 | €144,222 | €148,212 | +€3,990 | +2.8% |
| Suppliers | 440/4 | €144,222 | €148,212 | +€3,990 | +2.8% |
| Taxes, remuneration and social security | 45 | €32,303 | €11,025 | -€21,278 | -65.9% |
| Taxes | 450/3 | €32,303 | €11,025 | -€21,278 | -65.9% |
| Other operating charges | 640/8 | €1,906 | €2,246 | +€340 | +17.8% |
| Gross operating margin | 9900 | €74,591 | €41,454 | -€33,137 | -44.4% |
| Operating profit (loss) | 9901 | €72,685 | €39,208 | -€33,477 | -46.1% |
| Financial income | 75/76B | - | €10,773 | +€10,773 | |
| Recurring financial income | 75 | - | €10,773 | +€10,773 | |
| Financial charges | 65/66B | €20,629 | €1,603 | -€19,025 | -92.2% |
| Recurring financial charges | 65 | €20,629 | €1,603 | -€19,025 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | €52,056 | €48,378 | -€3,678 | -7.1% |
| Income taxes | 67/77 | €14,185 | €12,213 | -€1,973 | -13.9% |
| Profit (loss) for the period | 9904 | €37,871 | €36,165 | -€1,706 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,871 | €36,165 | -€1,706 | -4.5% |
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 22 October 2026 via checked.be.