BRECU: 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.
BRECU
Largest movements
- Receivables after one year +€55,000
up €55,000 (+220.0%), from €25,000 to €80,000
- Tangible fixed assets +€42,316
up €42,316 (+260.9%), from €16,221 to €58,537
of which Leasing and similar rights: +€36,094
- Receivables within one year -€36,497
down €36,497 (-99.9%), from €36,545 to €47
of which Trade receivables: -€35,763
- Cash +€23,987
up €23,987 (+75.6%), from €31,746 to €55,733
mainly Debts after one year (+€48,171) and Net result for the year (+€46,397)
- Current investments -€18,000
down €18,000 (-78.3%), from €23,000 to €5,000
- Debts after one year +€48,171
new in 2025: €48,171
- Reserves -€44,192
down €44,192 (-41.3%), from €106,970 to €62,779
- Current portion of long-term debt +€37,344
new in 2025: €37,344
- Other debts +€16,434
up €16,434 (+198.6%), from €8,274 to €24,708
- Tax, wage and social debts +€7,812
up €7,812 (+53.8%), from €14,517 to €22,329
of which Taxes: +€4,777
- Gross operating margin +€7,249
up €7,249 (+11.4%), from €63,736 to €70,985
- Depreciation +€6,393
up €6,393 (+168.9%), from €3,786 to €10,178
- Financial income +€2,699
up €2,699 (+183.0%), from €1,475 to €4,174
- Financial charges +€2,693
up €2,693 (+122.4%), from €2,200 to €4,894
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.
Cash bridge derived
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 | €133,805 | €202,462 | +€68,657 | +51.3% |
| Fixed assets | 21/28 | €16,221 | €58,537 | +€42,316 | +260.9% |
| Tangible fixed assets | 22/27 | €16,221 | €58,537 | +€42,316 | +260.9% |
| Furniture and vehicles | 24 | €3,051 | €656 | -€2,395 | -78.5% |
| Leasing and similar rights | 25 | - | €36,094 | +€36,094 | |
| Other tangible fixed assets | 26 | €13,170 | €21,787 | +€8,617 | +65.4% |
| Current assets | 29/58 | €117,584 | €143,925 | +€26,341 | +22.4% |
| Amounts receivable after more than one year | 29 | €25,000 | €80,000 | +€55,000 | +220.0% |
| Other amounts receivable | 291 | €25,000 | €80,000 | +€55,000 | +220.0% |
| Amounts receivable within one year | 40/41 | €36,545 | €47 | -€36,497 | -99.9% |
| Trade receivables | 40 | €35,763 | €0 | -€35,763 | -100.0% |
| Other amounts receivable | 41 | €782 | €47 | -€735 | -94.0% |
| Current investments | 50/53 | €23,000 | €5,000 | -€18,000 | -78.3% |
| Cash at bank and in hand | 54/58 | €31,746 | €55,733 | +€23,987 | +75.6% |
| Deferred charges and accrued income | 490/1 | €1,294 | €3,145 | +€1,851 | +143.1% |
| Total equity and liabilities | 10/49 | €133,805 | €202,462 | +€68,657 | +51.3% |
| Equity | 10/15 | €108,970 | €64,779 | -€44,192 | -40.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €106,970 | €62,779 | -€44,192 | -41.3% |
| Distributable reserves | 133 | €106,970 | €62,779 | -€44,192 | -41.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €24,835 | €137,684 | +€112,849 | +454.4% |
| Amounts payable after more than one year | 17 | - | €48,171 | +€48,171 | |
| Financial debts | 170/4 | - | €48,171 | +€48,171 | |
| Amounts payable within one year | 42/48 | €24,485 | €88,346 | +€63,861 | +260.8% |
| Current portion of amounts payable after more than one year | 42 | - | €37,344 | +€37,344 | |
| Trade debts | 44 | €1,694 | €3,964 | +€2,270 | +134.0% |
| Suppliers | 440/4 | €1,694 | €3,964 | +€2,270 | +134.0% |
| Taxes, remuneration and social security | 45 | €14,517 | €22,329 | +€7,812 | +53.8% |
| Taxes | 450/3 | €14,517 | €19,294 | +€4,777 | +32.9% |
| Remuneration and social security | 454/9 | - | €3,035 | +€3,035 | |
| Other amounts payable | 47/48 | €8,274 | €24,708 | +€16,434 | +198.6% |
| Accrued charges and deferred income | 492/3 | €350 | €1,168 | +€817 | +233.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,786 | €10,178 | +€6,393 | +168.9% |
| Other operating charges | 640/8 | €62 | €701 | +€639 | +1031.4% |
| Gross operating margin | 9900 | €63,736 | €70,985 | +€7,249 | +11.4% |
| Operating profit (loss) | 9901 | €59,888 | €60,105 | +€217 | +0.4% |
| Financial income | 75/76B | €1,475 | €4,174 | +€2,699 | +183.0% |
| Recurring financial income | 75 | €1,475 | €4,174 | +€2,699 | +183.0% |
| Financial charges | 65/66B | €2,200 | €4,894 | +€2,693 | +122.4% |
| Recurring financial charges | 65 | €2,200 | €4,894 | +€2,693 | +122.4% |
| Profit (loss) for the period before taxes | 9903 | €59,163 | €59,385 | +€222 | +0.4% |
| Income taxes | 67/77 | €12,897 | €12,989 | +€92 | +0.7% |
| Profit (loss) for the period | 9904 | €46,266 | €46,397 | +€130 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,266 | €46,397 | +€130 | +0.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.