Brecafin: 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.
Brecafin
Largest movements
- Receivables within one year -€7,529
down €7,529 (-8.1%), from €93,381 to €85,853
- Cash -€4,940
down €4,940 (-17.2%), from €28,741 to €23,800
mainly Contributions, distributions and other (-€17,584) and Other debts (-€16,025)
- Tangible fixed assets -€3,242
down €3,242 (-17.7%), from €18,296 to €15,054
of which Other tangible fixed assets: -€2,146
- Other debts -€16,025
down €16,025 (-47.7%), from €33,610 to €17,584
- Reserves +€12,497
up €12,497 (+18.4%), from €67,967 to €80,464
- Tax, wage and social debts -€9,717
down €9,717 (-28.0%), from €34,689 to €24,972
of which Taxes: -€9,717
- Trade debts -€6,658
down €6,658 (-81.9%), from €8,131 to €1,473
- Accrued charges and deferred income +€3,000
new in 2025: €3,000
- Gross operating margin +€22,706
up €22,706 (+72.3%), from €31,420 to €54,126
- Taxes +€8,831
up €8,831 (+98.1%), from €9,005 to €17,836
- Financial charges -€2,837
down €2,837 (-56.1%), from €5,062 to €2,224
- Other operating charges -€1,928
down €1,928 (-71.3%), from €2,703 to €775
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
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 | €145,397 | €128,494 | -€16,903 | -11.6% |
| Fixed assets | 21/28 | €18,701 | €15,459 | -€3,242 | -17.3% |
| Tangible fixed assets | 22/27 | €18,296 | €15,054 | -€3,242 | -17.7% |
| Plant, machinery and equipment | 23 | €1,901 | €1,347 | -€554 | -29.1% |
| Furniture and vehicles | 24 | €1,037 | €495 | -€542 | -52.3% |
| Other tangible fixed assets | 26 | €15,358 | €13,212 | -€2,146 | -14.0% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €126,696 | €113,035 | -€13,661 | -10.8% |
| Amounts receivable within one year | 40/41 | €93,381 | €85,853 | -€7,529 | -8.1% |
| Other amounts receivable | 41 | €93,381 | €85,853 | -€7,529 | -8.1% |
| Cash at bank and in hand | 54/58 | €28,741 | €23,800 | -€4,940 | -17.2% |
| Deferred charges and accrued income | 490/1 | €4,575 | €3,382 | -€1,192 | -26.1% |
| Total equity and liabilities | 10/49 | €145,397 | €128,494 | -€16,903 | -11.6% |
| Equity | 10/15 | €68,967 | €81,464 | +€12,497 | +18.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €67,967 | €80,464 | +€12,497 | +18.4% |
| Distributable reserves | 133 | €67,967 | €80,464 | +€12,497 | +18.4% |
| Amounts payable | 17/49 | €76,430 | €47,030 | -€29,401 | -38.5% |
| Amounts payable within one year | 42/48 | €76,430 | €44,030 | -€32,401 | -42.4% |
| Trade debts | 44 | €8,131 | €1,473 | -€6,658 | -81.9% |
| Suppliers | 440/4 | €8,131 | €1,473 | -€6,658 | -81.9% |
| Taxes, remuneration and social security | 45 | €34,689 | €24,972 | -€9,717 | -28.0% |
| Taxes | 450/3 | €33,589 | €23,872 | -€9,717 | -28.9% |
| Remuneration and social security | 454/9 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €33,610 | €17,584 | -€16,025 | -47.7% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,868 | €3,242 | +€375 | +13.1% |
| Other operating charges | 640/8 | €2,703 | €775 | -€1,928 | -71.3% |
| Gross operating margin | 9900 | €31,420 | €54,126 | +€22,706 | +72.3% |
| Operating profit (loss) | 9901 | €25,850 | €50,109 | +€24,259 | +93.8% |
| Financial income | 75/76B | €119 | €33 | -€87 | -72.8% |
| Recurring financial income | 75 | €119 | €33 | -€87 | -72.8% |
| Financial charges | 65/66B | €5,062 | €2,224 | -€2,837 | -56.1% |
| Recurring financial charges | 65 | €5,062 | €2,224 | -€2,837 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €20,907 | €47,917 | +€27,010 | +129% |
| Income taxes | 67/77 | €9,005 | €17,836 | +€8,831 | +98.1% |
| Profit (loss) for the period | 9904 | €11,902 | €30,081 | +€18,179 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €11,902 | €30,081 | +€18,179 | +153% |
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 21 October 2026 via checked.be.