BRECOM: 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.
BRECOM
Largest movements
- Receivables within one year +€94,222
up €94,222 (+2,692%), from €3,500 to €97,722
- Reserves +€222,565
up €222,565 (+19.5%), from €1.1m to €1.4m
- Debts after one year -€153,144
down €153,144 (-27.0%), from €566,815 to €413,671
- Advances received -€44,928
down €44,928 (-100%), from €44,928 to €0
- Trade debts +€25,873
up €25,873 (+717%), from €3,610 to €29,483
- Tax, wage and social debts +€22,930
up €22,930 (+60.1%), from €38,173 to €61,102
- Gross operating margin +€64,174
up €64,174 (+25.9%), from €247,503 to €311,677
- Taxes +€14,556
up €14,556 (+27.0%), from €53,963 to €68,519
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 | €2,114,087 | €2,206,969 | +€92,882 | +4.4% |
| Fixed assets | 21/28 | €2,107,063 | €2,105,263 | -€1,800 | -0.1% |
| Tangible fixed assets | 22/27 | €1,614 | €0 | -€1,614 | -100% |
| Plant, machinery and equipment | 23 | €1,614 | €0 | -€1,614 | -100% |
| Financial fixed assets | 28 | €2,105,449 | €2,105,263 | -€186 | 0.0% |
| Current assets | 29/58 | €7,024 | €101,706 | +€94,682 | +1,348% |
| Amounts receivable within one year | 40/41 | €3,500 | €97,722 | +€94,222 | +2,692% |
| Trade receivables | 40 | €3,500 | €97,722 | +€94,222 | +2,692% |
| Cash at bank and in hand | 54/58 | €3,524 | €1,792 | -€1,732 | -49.1% |
| Deferred charges and accrued income | 490/1 | €0 | €2,192 | +€2,192 | |
| Total equity and liabilities | 10/49 | €2,114,087 | €2,206,969 | +€92,882 | +4.4% |
| Equity | 10/15 | €1,193,111 | €1,415,676 | +€222,565 | +18.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,143,111 | €1,365,676 | +€222,565 | +19.5% |
| Distributable reserves | 133 | €1,143,111 | €1,365,676 | +€222,565 | +19.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €920,976 | €791,293 | -€129,682 | -14.1% |
| Amounts payable after more than one year | 17 | €566,815 | €413,671 | -€153,144 | -27.0% |
| Financial debts | 170/4 | €566,815 | €413,671 | -€153,144 | -27.0% |
| Amounts payable within one year | 42/48 | €350,531 | €374,028 | +€23,496 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €164,977 | €176,602 | +€11,625 | +7.0% |
| Trade debts | 44 | €3,610 | €29,483 | +€25,873 | +717% |
| Suppliers | 440/4 | €3,610 | €29,483 | +€25,873 | +717% |
| Advances received on contracts in progress | 46 | €44,928 | €0 | -€44,928 | -100% |
| Taxes, remuneration and social security | 45 | €38,173 | €61,102 | +€22,930 | +60.1% |
| Taxes | 450/3 | €38,173 | €61,102 | +€22,930 | +60.1% |
| Other amounts payable | 47/48 | €98,843 | €106,840 | +€7,997 | +8.1% |
| Accrued charges and deferred income | 492/3 | €3,629 | €3,595 | -€35 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €0 | -€228 | -100% |
| Other operating charges | 640/8 | €1,151 | €2,737 | +€1,587 | +138% |
| Gross operating margin | 9900 | €247,503 | €311,677 | +€64,174 | +25.9% |
| Operating profit (loss) | 9901 | €246,125 | €308,940 | +€62,815 | +25.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €19,508 | €16,857 | -€2,652 | -13.6% |
| Recurring financial charges | 65 | €19,508 | €16,857 | -€2,652 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €226,616 | €292,083 | +€65,467 | +28.9% |
| Income taxes | 67/77 | €53,963 | €68,519 | +€14,556 | +27.0% |
| Profit (loss) for the period | 9904 | €172,653 | €223,565 | +€50,911 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €172,653 | €223,565 | +€50,911 | +29.5% |
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.