BREBO: 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
BREBO
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€30,428
2024 · €261,824-€231,396
Equity
€2.1m
2024 · €2.1m+€3,428
Cash
€42,065
2024 · €131,500-€89,435
Balance sheet total
€14.1m
2024 · €10.3m+€3.8m
Largest movements
Assets
- Tangible fixed assets +€4.6m
up €4.6m (+68.6%), from €6.7m to €11.4m
of which Land and buildings: +€5.1m
- Stocks and contracts -€743,202
down €743,202 (-96.3%), from €771,527 to €28,325
Equity and liabilities
- Debts after one year +€3.8m
up €3.8m (+88.9%), from €4.2m to €8.0m
of which Financial debts: +€3.6m
- Short-term financial debts -€329,051
down €329,051 (-19.2%), from €1.7m to €1.4m
- Current portion of long-term debt +€233,974
up €233,974 (+58.0%), from €403,309 to €637,283
Income statement
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Gross operating margin +€421,946
up €421,946 (+53.0%), from €796,586 to €1.2m
- Purchases and services -€269,322
no longer reported in 2025 (was €269,322)
- Financial income -€220,637
down €220,637 (-80.0%), from €275,637 to €55,000
- Depreciation +€204,299
up €204,299 (+51.9%), from €393,883 to €598,182
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
€261,824
Gross operating margin
+€421,946
Staff costs
-€14,829
Depreciation
-€204,299
Other operating charges
-€1,292
Financial income
-€220,637
Financial charges
-€135,898
Taxes
-€76,388
Result 2025
€30,428
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
+€1.5m
Investment
-€5.2m
Financing
+€3.7m
Cash 2024
€131,500
From operations (derived)
+€1.5m
Net result for the year
+€30,428
Depreciation
+€598,182
Receivables after one year
+€76,000
Stocks and contracts
+€743,202
Receivables within one year
-€41,828
Provisions
-€2,546
Trade debts
+€23,657
Tax, wage and social debts
+€104,894
Other debts
-€56,290
Investment (derived)
-€5.2m
Investment in fixed assets (net)
-€5.2m
Financing
+€3.7m
Debts after one year
+€3.8m
Current portion of long-term debt
+€233,974
Short-term financial debts
-€329,051
Contributions, distributions and other
-€27,000
Cash 2025
€42,065
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,336,832 | €14,089,924 | +€3.8m | +36.3% |
| Fixed assets | 21/28 | €8,443,525 | €13,063,426 | +€4.6m | +54.7% |
| Tangible fixed assets | 22/27 | €6,736,549 | €11,356,450 | +€4.6m | +68.6% |
| Land and buildings | 22 | €6,245,651 | €11,311,900 | +€5.1m | +81.1% |
| Plant, machinery and equipment | 23 | €29,879 | €20,472 | -€9,407 | -31.5% |
| Furniture and vehicles | 24 | €34,268 | €24,078 | -€10,190 | -29.7% |
| Assets under construction and advance payments | 27 | €426,751 | - | -€426,751 | |
| Financial fixed assets | 28 | €1,706,976 | €1,706,976 | +€0 | 0.0% |
| Current assets | 29/58 | €1,893,307 | €1,026,498 | -€866,809 | -45.8% |
| Amounts receivable after more than one year | 29 | €501,766 | €425,766 | -€76,000 | -15.1% |
| Other amounts receivable | 291 | €501,766 | €425,766 | -€76,000 | -15.1% |
| Stocks and contracts in progress | 3 | €771,527 | €28,325 | -€743,202 | -96.3% |
| Contracts in progress | 37 | €771,527 | €28,325 | -€743,202 | -96.3% |
| Amounts receivable within one year | 40/41 | €488,514 | €530,342 | +€41,828 | +8.6% |
| Trade receivables | 40 | €132,179 | €191,495 | +€59,316 | +44.9% |
| Other amounts receivable | 41 | €356,335 | €338,847 | -€17,488 | -4.9% |
| Cash at bank and in hand | 54/58 | €131,500 | €42,065 | -€89,435 | -68.0% |
| Total equity and liabilities | 10/49 | €10,336,832 | €14,089,924 | +€3.8m | +36.3% |
| Equity | 10/15 | €2,082,270 | €2,085,698 | +€3,428 | +0.2% |
| Contributions | 10/11 | €285,078 | €285,078 | -€0 | 0.0% |
| Capital | 10 | €285,078 | €285,078 | -€0 | 0.0% |
| Issued capital | 100 | €285,078 | €285,078 | -€0 | 0.0% |
| Reserves | 13 | €1,797,192 | €1,800,620 | +€3,428 | +0.2% |
| Non-distributable reserves | 130/1 | €28,507 | €28,508 | +€1 | 0.0% |
| Legal reserve | 130 | €28,507 | €28,508 | +€1 | 0.0% |
| Tax-exempt reserves | 132 | €68,704 | €61,064 | -€7,640 | -11.1% |
| Distributable reserves | 133 | €1,699,981 | €1,711,049 | +€11,068 | +0.7% |
| Provisions and deferred taxes | 16 | €22,901 | €20,355 | -€2,546 | -11.1% |
| Deferred taxes | 168 | €22,901 | €20,355 | -€2,546 | -11.1% |
| Amounts payable | 17/49 | €8,231,661 | €11,983,871 | +€3.8m | +45.6% |
| Amounts payable after more than one year | 17 | €4,246,731 | €8,021,757 | +€3.8m | +88.9% |
| Financial debts | 170/4 | €3,918,894 | €7,561,890 | +€3.6m | +93.0% |
| Other amounts payable | 178/9 | €327,837 | €459,867 | +€132,030 | +40.3% |
| Amounts payable within one year | 42/48 | €3,984,930 | €3,962,115 | -€22,815 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €403,309 | €637,283 | +€233,974 | +58.0% |
| Financial debts | 43 | €1,709,383 | €1,380,332 | -€329,051 | -19.2% |
| Credit institutions | 430/8 | €1,709,383 | €1,380,332 | -€329,051 | -19.2% |
| Trade debts | 44 | €416,928 | €440,585 | +€23,657 | +5.7% |
| Suppliers | 440/4 | €416,928 | €440,585 | +€23,657 | +5.7% |
| Taxes, remuneration and social security | 45 | €61,095 | €165,989 | +€104,894 | +171.7% |
| Taxes | 450/3 | €39,267 | €125,497 | +€86,230 | +219.6% |
| Remuneration and social security | 454/9 | €21,828 | €40,492 | +€18,664 | +85.5% |
| Other amounts payable | 47/48 | €1,394,215 | €1,337,925 | -€56,290 | -4.0% |
| Turnover | 70 | €1,065,908 | - | -€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €269,322 | - | -€269,322 | |
| Remuneration, social security and pensions | 62 | €195,331 | €210,160 | +€14,829 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393,883 | €598,182 | +€204,299 | +51.9% |
| Other operating charges | 640/8 | €29,721 | €31,013 | +€1,292 | +4.3% |
| Gross operating margin | 9900 | €796,586 | €1,218,532 | +€421,946 | +53.0% |
| Operating profit (loss) | 9901 | €177,651 | €379,178 | +€201,527 | +113.4% |
| Financial income | 75/76B | €275,637 | €55,000 | -€220,637 | -80.0% |
| Recurring financial income | 75 | €275,637 | €55,000 | -€220,637 | -80.0% |
| Financial charges | 65/66B | €162,239 | €298,137 | +€135,898 | +83.8% |
| Recurring financial charges | 65 | €162,239 | €298,137 | +€135,898 | +83.8% |
| Profit (loss) for the period before taxes | 9903 | €291,049 | €136,041 | -€155,008 | -53.3% |
| Transfer from deferred taxes | 780 | €2,547 | €2,547 | -€0 | 0.0% |
| Income taxes | 67/77 | €31,772 | €108,160 | +€76,388 | +240.4% |
| Profit (loss) for the period | 9904 | €261,824 | €30,428 | -€231,396 | -88.4% |
| Transfer from tax-exempt reserves | 789 | €7,640 | €7,640 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €269,464 | €38,068 | -€231,396 | -85.9% |
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 6 October 2026 via checked.be.