BREBELS VASTGOED: 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.
What changed
BREBELS VASTGOED
NACE 73.110, Advertising agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€20,544
2024 · €299,559-€320,103
Equity
€922,646
2024 · €943,190-€20,544
Cash
€0
2024 · €0
Balance sheet total
€2.1m
2024 · €2.1m+€1,402
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€130,838
up €130,838 (+39.9%), from €328,077 to €458,916
- Debts after one year -€48,999
down €48,999 (-7.1%), from €693,748 to €644,749
- Tax, wage and social debts -€38,233
down €38,233 (-50.0%), from €76,468 to €38,235
- Short-term financial debts -€23,263
down €23,263 (-87.4%), from €26,624 to €3,361
Income statement
- Gross operating margin -€436,661
down €436,661 (-81.1%), from €538,377 to €101,716
- Taxes -€106,923
no longer reported in 2025 (was €106,923)
- Depreciation -€16,477
down €16,477 (-15.8%), from €104,327 to €87,850
- Financial income -€12,413
down €12,413 (-99.7%), from €12,448 to €35
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
€299,559
Gross operating margin
-€436,661
Staff costs
+€69
Depreciation
+€16,477
Other operating charges
+€1,538
Financial income
-€12,413
Financial charges
+€3,964
Taxes
+€106,923
Result 2025
-€20,544
raises the resultlowers the result
Derived cash bridge
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
+€161,931
Investment
-€95,970
Financing
-€65,961
Cash 2024
€0
From operations (derived)
+€161,931
Net result for the year
-€20,544
Depreciation
+€87,850
Receivables within one year
+€8,404
Deferred charges and accrued income
-€1,686
Trade debts
-€4,699
Tax, wage and social debts
-€38,233
Other debts
+€130,838
Investment (derived)
-€95,970
Investment in fixed assets (net)
-€95,970
Financing
-€65,961
Debts after one year
-€48,999
Current portion of long-term debt
+€6,301
Short-term financial debts
-€23,263
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,127,332 | €2,128,734 | +€1,402 | +0.1% |
| Fixed assets | 21/28 | €2,108,529 | €2,116,648 | +€8,119 | +0.4% |
| Tangible fixed assets | 22/27 | €2,043,529 | €2,051,648 | +€8,119 | +0.4% |
| Land and buildings | 22 | €2,011,025 | €2,034,057 | +€23,032 | +1.1% |
| Plant, machinery and equipment | 23 | €5,322 | €1,776 | -€3,546 | -66.6% |
| Furniture and vehicles | 24 | €6,951 | €951 | -€6,000 | -86.3% |
| Leasing and similar rights | 25 | €10,516 | €7,336 | -€3,180 | -30.2% |
| Other tangible fixed assets | 26 | €9,715 | €7,529 | -€2,186 | -22.5% |
| Financial fixed assets | 28 | €65,000 | €65,000 | = | 0.0% |
| Current assets | 29/58 | €18,803 | €12,086 | -€6,718 | -35.7% |
| Amounts receivable within one year | 40/41 | €18,803 | €10,400 | -€8,404 | -44.7% |
| Trade receivables | 40 | €11,822 | - | -€11,822 | |
| Other amounts receivable | 41 | €6,982 | €10,400 | +€3,418 | +49.0% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | - | €1,686 | +€1,686 | |
| Total equity and liabilities | 10/49 | €2,127,332 | €2,128,734 | +€1,402 | +0.1% |
| Equity | 10/15 | €943,190 | €922,646 | -€20,544 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €240,295 | €225,653 | -€14,642 | -6.1% |
| Reserves | 13 | €684,295 | €698,937 | +€14,642 | +2.1% |
| Distributable reserves | 133 | €684,295 | €698,937 | +€14,642 | +2.1% |
| Profit (loss) carried forward | 14 | - | -€20,544 | -€20,544 | |
| Amounts payable | 17/49 | €1,184,142 | €1,206,088 | +€21,946 | +1.9% |
| Amounts payable after more than one year | 17 | €693,748 | €644,749 | -€48,999 | -7.1% |
| Financial debts | 170/4 | €693,748 | €644,749 | -€48,999 | -7.1% |
| Amounts payable within one year | 42/48 | €490,394 | €561,339 | +€70,945 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €49,382 | €55,684 | +€6,301 | +12.8% |
| Financial debts | 43 | €26,624 | €3,361 | -€23,263 | -87.4% |
| Credit institutions | 430/8 | €26,624 | €3,361 | -€23,263 | -87.4% |
| Trade debts | 44 | €9,843 | €5,144 | -€4,699 | -47.7% |
| Suppliers | 440/4 | €9,843 | €5,144 | -€4,699 | -47.7% |
| Taxes, remuneration and social security | 45 | €76,468 | €38,235 | -€38,233 | -50.0% |
| Taxes | 450/3 | €76,468 | €38,235 | -€38,233 | -50.0% |
| Other amounts payable | 47/48 | €328,077 | €458,916 | +€130,838 | +39.9% |
| Non-recurring operating income | 76A | €553,558 | - | -€553,558 | |
| Remuneration, social security and pensions | 62 | €69 | - | -€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,327 | €87,850 | -€16,477 | -15.8% |
| Other operating charges | 640/8 | €10,310 | €8,772 | -€1,538 | -14.9% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €538,377 | €101,716 | -€436,661 | -81.1% |
| Operating profit (loss) | 9901 | €423,671 | €5,093 | -€418,578 | -98.8% |
| Financial income | 75/76B | €12,448 | €35 | -€12,413 | -99.7% |
| Recurring financial income | 75 | €12,448 | €35 | -€12,413 | -99.7% |
| Financial charges | 65/66B | €29,636 | €25,672 | -€3,964 | -13.4% |
| Recurring financial charges | 65 | €29,636 | €25,672 | -€3,964 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €406,483 | -€20,544 | -€427,026 | |
| Income taxes | 67/77 | €106,923 | - | -€106,923 | |
| Profit (loss) for the period | 9904 | €299,559 | -€20,544 | -€320,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €299,559 | -€20,544 | -€320,103 |
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 31 October 2026 via checked.be.