BRECASSUR: 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.
BRECASSUR
Largest movements
- Tangible fixed assets -€51,573
down €51,573 (-10.8%), from €479,369 to €427,796
of which Land and buildings: -€51,576
- Cash +€41,749
up €41,749 (+73.4%), from €56,890 to €98,639
mainly Depreciation (+€54,752) and Net result for the year (+€24,889)
- Profit (loss) carried forward +€24,889
up €24,889 (+8.4%), from -€295,822 to -€270,933
- Debts after one year -€19,826
down €19,826 (-5.5%), from €359,108 to €339,282
- Other debts -€19,573
down €19,573 (-8.0%), from €244,456 to €224,883
- Gross operating margin -€16,530
down €16,530 (-16.7%), from €99,102 to €82,572
- Depreciation -€1,211
down €1,211 (-2.2%), from €55,963 to €54,752
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 | €557,957 | €540,978 | -€16,979 | -3.0% |
| Fixed assets | 21/28 | €480,254 | €428,681 | -€51,573 | -10.7% |
| Tangible fixed assets | 22/27 | €479,369 | €427,796 | -€51,573 | -10.8% |
| Land and buildings | 22 | €477,636 | €426,060 | -€51,576 | -10.8% |
| Plant, machinery and equipment | 23 | €885 | €58 | -€827 | -93.5% |
| Furniture and vehicles | 24 | €848 | €1,678 | +€830 | +97.9% |
| Financial fixed assets | 28 | €885 | €885 | = | 0.0% |
| Current assets | 29/58 | €77,703 | €112,297 | +€34,594 | +44.5% |
| Amounts receivable within one year | 40/41 | €14,571 | €12,263 | -€2,308 | -15.8% |
| Trade receivables | 40 | €14,553 | €12,245 | -€2,308 | -15.9% |
| Other amounts receivable | 41 | €17 | €18 | +€1 | +3.4% |
| Cash at bank and in hand | 54/58 | €56,890 | €98,639 | +€41,749 | +73.4% |
| Deferred charges and accrued income | 490/1 | €6,242 | €1,395 | -€4,847 | -77.7% |
| Total equity and liabilities | 10/49 | €557,957 | €540,978 | -€16,979 | -3.0% |
| Equity | 10/15 | -€70,341 | -€45,452 | +€24,889 | +35.4% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €60,481 | €60,481 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,700 | €2,700 | = | 0.0% |
| Distributable reserves | 133 | €57,781 | €57,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€295,822 | -€270,933 | +€24,889 | +8.4% |
| Amounts payable | 17/49 | €628,298 | €586,430 | -€41,868 | -6.7% |
| Amounts payable after more than one year | 17 | €359,108 | €339,282 | -€19,826 | -5.5% |
| Financial debts | 170/4 | €359,108 | €339,282 | -€19,826 | -5.5% |
| Amounts payable within one year | 42/48 | €269,190 | €247,148 | -€22,042 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €19,224 | €19,826 | +€602 | +3.1% |
| Financial debts | 43 | €10 | €0 | -€10 | -100% |
| Credit institutions | 430/8 | €10 | €0 | -€10 | -100% |
| Trade debts | 44 | €2,013 | €936 | -€1,077 | -53.5% |
| Suppliers | 440/4 | €2,013 | €936 | -€1,077 | -53.5% |
| Taxes, remuneration and social security | 45 | €3,487 | €1,504 | -€1,984 | -56.9% |
| Taxes | 450/3 | €3,487 | €1,504 | -€1,984 | -56.9% |
| Other amounts payable | 47/48 | €244,456 | €224,883 | -€19,573 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,963 | €54,752 | -€1,211 | -2.2% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €99,102 | €82,572 | -€16,530 | -16.7% |
| Operating profit (loss) | 9901 | €42,690 | €27,358 | -€15,332 | -35.9% |
| Financial charges | 65/66B | €3,050 | €2,469 | -€581 | -19.0% |
| Recurring financial charges | 65 | €3,050 | €2,469 | -€581 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €39,641 | €24,889 | -€14,752 | -37.2% |
| Profit (loss) for the period | 9904 | €39,641 | €24,889 | -€14,752 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,641 | €24,889 | -€14,752 | -37.2% |
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 18 October 2026 via checked.be.