BRECODE: 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.
BRECODE
Largest movements
- Intangible fixed assets +€45,768
up €45,768 (+657.5%), from €6,961 to €52,728
- Cash -€41,309
down €41,309 (-66.9%), from €61,725 to €20,417
mainly Net result for the year (-€53,713) and Investment in fixed assets (net) (-€47,538)
- Tangible fixed assets -€9,052
down €9,052 (-49.4%), from €18,317 to €9,265
of which Furniture and vehicles: -€8,292
- Receivables within one year -€5,349
down €5,349 (-21.9%), from €24,469 to €19,120
of which Trade receivables: -€4,019
- Trade debts +€78,333
up €78,333 (+68.9%), from €113,661 to €191,994
- Profit (loss) carried forward -€53,713
down €53,713 (-71.9%), from -€74,748 to -€128,461
- Advances received -€31,205
down €31,205 (-100.0%), from €31,205 to €0
- Other debts -€4,737
down €4,737 (-26.8%), from €17,667 to €12,929
- Financial charges +€31,359
up €31,359 (+94.0%), from €33,354 to €64,713
- Gross operating margin +€10,525
up €10,525 (+79.5%), from €13,243 to €23,767
- Depreciation +€3,728
up €3,728 (+52.6%), from €7,094 to €10,822
- Financial income +€1,919
up €1,919 (+327.0%), from €587 to €2,506
of which Financial income: +€1,916
- Other operating charges +€1,904
up €1,904 (+80.4%), from €2,366 to €4,270
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,867 | €102,141 | -€10,726 | -9.5% |
| Fixed assets | 21/28 | €25,278 | €61,993 | +€36,715 | +145.2% |
| Intangible fixed assets | 21 | €6,961 | €52,728 | +€45,768 | +657.5% |
| Tangible fixed assets | 22/27 | €18,317 | €9,265 | -€9,052 | -49.4% |
| Plant, machinery and equipment | 23 | €5,833 | €5,072 | -€760 | -13.0% |
| Furniture and vehicles | 24 | €12,485 | €4,193 | -€8,292 | -66.4% |
| Current assets | 29/58 | €87,589 | €40,148 | -€47,441 | -54.2% |
| Amounts receivable within one year | 40/41 | €24,469 | €19,120 | -€5,349 | -21.9% |
| Trade receivables | 40 | €23,139 | €19,120 | -€4,019 | -17.4% |
| Other amounts receivable | 41 | €1,331 | €0 | -€1,331 | -100.0% |
| Cash at bank and in hand | 54/58 | €61,725 | €20,417 | -€41,309 | -66.9% |
| Deferred charges and accrued income | 490/1 | €1,395 | €611 | -€784 | -56.2% |
| Total equity and liabilities | 10/49 | €112,867 | €102,141 | -€10,726 | -9.5% |
| Equity | 10/15 | -€53,748 | -€107,461 | -€53,713 | -99.9% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,748 | -€128,461 | -€53,713 | -71.9% |
| Amounts payable | 17/49 | €166,615 | €209,602 | +€42,987 | +25.8% |
| Amounts payable after more than one year | 17 | €3,470 | €3,470 | = | 0.0% |
| Financial debts | 170/4 | €3,470 | €3,470 | = | 0.0% |
| Amounts payable within one year | 42/48 | €163,145 | €206,132 | +€42,987 | +26.3% |
| Trade debts | 44 | €113,661 | €191,994 | +€78,333 | +68.9% |
| Suppliers | 440/4 | €113,661 | €191,994 | +€78,333 | +68.9% |
| Advances received on contracts in progress | 46 | €31,205 | €0 | -€31,205 | -100.0% |
| Taxes, remuneration and social security | 45 | €612 | €1,209 | +€596 | +97.4% |
| Taxes | 450/3 | €612 | €1,209 | +€596 | +97.4% |
| Other amounts payable | 47/48 | €17,667 | €12,929 | -€4,737 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,094 | €10,822 | +€3,728 | +52.6% |
| Other operating charges | 640/8 | €2,366 | €4,270 | +€1,904 | +80.4% |
| Gross operating margin | 9900 | €13,243 | €23,767 | +€10,525 | +79.5% |
| Operating profit (loss) | 9901 | €3,782 | €8,675 | +€4,893 | +129.4% |
| Financial income | 75/76B | €587 | €2,506 | +€1,919 | +327.0% |
| Recurring financial income | 75 | €587 | €2,503 | +€1,916 | +326.5% |
| Non-recurring financial income | 76B | - | €3 | +€3 | |
| Financial charges | 65/66B | €33,354 | €64,713 | +€31,359 | +94.0% |
| Recurring financial charges | 65 | €33,354 | €64,713 | +€31,359 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,985 | -€53,532 | -€24,547 | -84.7% |
| Income taxes | 67/77 | €139 | €181 | +€42 | +30.3% |
| Profit (loss) for the period | 9904 | -€29,124 | -€53,713 | -€24,589 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,124 | -€53,713 | -€24,589 | -84.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.