BRECAVAN: 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.
BRECAVAN
Largest movements
- Cash +€180,667
up €180,667 (+180%), from €100,296 to €280,964
mainly Net result for the year (+€140,495) and Other debts (+€110,233)
- Receivables within one year +€95,906
up €95,906 (+50.4%), from €190,392 to €286,298
of which Trade receivables: +€89,687
- Current investments +€35,468
up €35,468 (+35.3%), from €100,492 to €135,960
- Tangible fixed assets -€20,793
down €20,793 (-15.1%), from €137,504 to €116,711
of which Furniture and vehicles: -€17,790
- Reserves +€140,495
up €140,495 (+34.4%), from €407,865 to €548,361
of which Distributable reserves: +€140,495
- Other debts +€110,233
up €110,233 (+95.1%), from €115,953 to €226,186
- Trade debts +€49,381
up €49,381 (+3,012%), from €1,640 to €51,021
- Provisions -€29,131
down €29,131 (-2.9%), from €1.0m to €970,869
- Gross operating margin +€120,812
up €120,812 (+77.3%), from €156,263 to €277,075
- Financial charges +€108,138
up €108,138 (+6,588%), from €1,641 to €109,779
- Provisions -€29,131
new in 2025: -€29,131
- Taxes +€8,419
up €8,419 (+24.5%), from €34,318 to €42,737
- Financial income +€7,794
up €7,794 (+885%), from €881 to €8,675
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 | €1,636,139 | €1,927,324 | +€291,184 | +17.8% |
| Fixed assets | 21/28 | €1,244,671 | €1,223,877 | -€20,793 | -1.7% |
| Tangible fixed assets | 22/27 | €137,504 | €116,711 | -€20,793 | -15.1% |
| Land and buildings | 22 | €76,727 | €73,723 | -€3,004 | -3.9% |
| Furniture and vehicles | 24 | €60,777 | €42,987 | -€17,790 | -29.3% |
| Financial fixed assets | 28 | €1,107,166 | €1,107,166 | = | 0.0% |
| Current assets | 29/58 | €391,469 | €703,447 | +€311,978 | +79.7% |
| Amounts receivable within one year | 40/41 | €190,392 | €286,298 | +€95,906 | +50.4% |
| Trade receivables | 40 | €190,392 | €280,079 | +€89,687 | +47.1% |
| Other amounts receivable | 41 | €0 | €6,219 | +€6,219 | |
| Current investments | 50/53 | €100,492 | €135,960 | +€35,468 | +35.3% |
| Cash at bank and in hand | 54/58 | €100,296 | €280,964 | +€180,667 | +180% |
| Deferred charges and accrued income | 490/1 | €288 | €225 | -€63 | -22.0% |
| Total equity and liabilities | 10/49 | €1,636,139 | €1,927,324 | +€291,184 | +17.8% |
| Equity | 10/15 | €420,265 | €566,911 | +€146,645 | +34.9% |
| Contributions | 10/11 | €12,400 | €18,550 | +€6,150 | +49.6% |
| Reserves | 13 | €407,865 | €548,361 | +€140,495 | +34.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €407,865 | €548,361 | +€140,495 | +34.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €1,000,000 | €970,869 | -€29,131 | -2.9% |
| Provisions for liabilities and charges | 160/5 | €1,000,000 | €970,869 | -€29,131 | -2.9% |
| Other liabilities and charges | 164/5 | €1,000,000 | €970,869 | -€29,131 | -2.9% |
| Amounts payable | 17/49 | €215,874 | €389,544 | +€173,670 | +80.4% |
| Amounts payable after more than one year | 17 | €35,017 | €26,393 | -€8,624 | -24.6% |
| Financial debts | 170/4 | €35,017 | €26,393 | -€8,624 | -24.6% |
| Amounts payable within one year | 42/48 | €178,974 | €354,218 | +€175,244 | +97.9% |
| Current portion of amounts payable after more than one year | 42 | €8,539 | €8,624 | +€85 | +1.0% |
| Trade debts | 44 | €1,640 | €51,021 | +€49,381 | +3,012% |
| Suppliers | 440/4 | €1,640 | €51,021 | +€49,381 | +3,012% |
| Taxes, remuneration and social security | 45 | €52,842 | €68,387 | +€15,545 | +29.4% |
| Taxes | 450/3 | €52,842 | €68,387 | +€15,545 | +29.4% |
| Other amounts payable | 47/48 | €115,953 | €226,186 | +€110,233 | +95.1% |
| Accrued charges and deferred income | 492/3 | €1,882 | €8,933 | +€7,051 | +375% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,793 | €20,793 | +€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€29,131 | -€29,131 | |
| Other operating charges | 640/8 | €1,147 | €1,077 | -€70 | -6.1% |
| Gross operating margin | 9900 | €156,263 | €277,075 | +€120,812 | +77.3% |
| Operating profit (loss) | 9901 | €134,323 | €284,335 | +€150,012 | +112% |
| Financial income | 75/76B | €881 | €8,675 | +€7,794 | +885% |
| Recurring financial income | 75 | €881 | €8,675 | +€7,794 | +885% |
| Financial charges | 65/66B | €1,641 | €109,779 | +€108,138 | +6,588% |
| Recurring financial charges | 65 | €1,641 | €109,779 | +€108,138 | +6,588% |
| Profit (loss) for the period before taxes | 9903 | €133,563 | €183,232 | +€49,669 | +37.2% |
| Income taxes | 67/77 | €34,318 | €42,737 | +€8,419 | +24.5% |
| Profit (loss) for the period | 9904 | €99,245 | €140,495 | +€41,250 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,245 | €140,495 | +€41,250 | +41.6% |
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 13 October 2026 via checked.be.