BREES & CO.: 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.
BREES & CO.
Largest movements
- Tangible fixed assets +€378,588
up €378,588 (+58.1%), from €651,326 to €1.0m
of which Land and buildings: +€378,170
- Current investments -€121,427
down €121,427 (-82.8%), from €146,567 to €25,140
- Cash -€25,078
down €25,078 (-54.0%), from €46,453 to €21,374
mainly Investment in fixed assets (net) (-€434,516) and Short-term financial debts (-€1,032)
- Other debts +€193,763
up €193,763 (+602%), from €32,210 to €225,973
- Reserves +€30,835
up €30,835 (+3.9%), from €792,460 to €823,295
of which Distributable reserves: +€30,835
- Gross operating margin +€40,310
up €40,310 (+71.5%), from €56,379 to €96,689
- Depreciation +€7,773
up €7,773 (+16.1%), from €48,155 to €55,928
- Financial charges +€7,553
up €7,553 (+1,740%), from €434 to €7,987
- Financial income +€4,523
up €4,523 (+824%), from €549 to €5,071
- Taxes +€2,336
up €2,336, from €0 to €2,336
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 | €872,071 | €1,102,763 | +€230,692 | +26.5% |
| Fixed assets | 21/28 | €651,576 | €1,030,164 | +€378,588 | +58.1% |
| Tangible fixed assets | 22/27 | €651,326 | €1,029,914 | +€378,588 | +58.1% |
| Land and buildings | 22 | €648,544 | €1,026,713 | +€378,170 | +58.3% |
| Furniture and vehicles | 24 | €2,783 | €3,201 | +€418 | +15.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €220,494 | €72,598 | -€147,896 | -67.1% |
| Amounts receivable within one year | 40/41 | €27,160 | €25,769 | -€1,391 | -5.1% |
| Trade receivables | 40 | €27,160 | €21,106 | -€6,054 | -22.3% |
| Other amounts receivable | 41 | €0 | €4,664 | +€4,664 | |
| Current investments | 50/53 | €146,567 | €25,140 | -€121,427 | -82.8% |
| Cash at bank and in hand | 54/58 | €46,453 | €21,374 | -€25,078 | -54.0% |
| Deferred charges and accrued income | 490/1 | €314 | €314 | = | 0.0% |
| Total equity and liabilities | 10/49 | €872,071 | €1,102,763 | +€230,692 | +26.5% |
| Equity | 10/15 | €825,536 | €856,371 | +€30,835 | +3.7% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €792,460 | €823,295 | +€30,835 | +3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €790,600 | €821,435 | +€30,835 | +3.9% |
| Profit (loss) carried forward | 14 | -€4,124 | -€4,124 | = | 0.0% |
| Amounts payable | 17/49 | €46,535 | €246,392 | +€199,857 | +429% |
| Amounts payable within one year | 42/48 | €46,415 | €246,392 | +€199,977 | +431% |
| Financial debts | 43 | €1,032 | €0 | -€1,032 | -100% |
| Credit institutions | 430/8 | €1,032 | €0 | -€1,032 | -100% |
| Trade debts | 44 | €970 | €1,789 | +€819 | +84.4% |
| Suppliers | 440/4 | €970 | €1,789 | +€819 | +84.4% |
| Taxes, remuneration and social security | 45 | €12,203 | €18,631 | +€6,428 | +52.7% |
| Taxes | 450/3 | €5,768 | €15,352 | +€9,584 | +166% |
| Remuneration and social security | 454/9 | €6,435 | €3,278 | -€3,157 | -49.1% |
| Other amounts payable | 47/48 | €32,210 | €225,973 | +€193,763 | +602% |
| Accrued charges and deferred income | 492/3 | €120 | €0 | -€120 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,155 | €55,928 | +€7,773 | +16.1% |
| Other operating charges | 640/8 | €4,020 | €4,675 | +€655 | +16.3% |
| Gross operating margin | 9900 | €56,379 | €96,689 | +€40,310 | +71.5% |
| Operating profit (loss) | 9901 | €4,204 | €36,086 | +€31,882 | +758% |
| Financial income | 75/76B | €549 | €5,071 | +€4,523 | +824% |
| Recurring financial income | 75 | €549 | €5,071 | +€4,523 | +824% |
| Financial charges | 65/66B | €434 | €7,987 | +€7,553 | +1,740% |
| Recurring financial charges | 65 | €434 | €7,987 | +€7,553 | +1,740% |
| Profit (loss) for the period before taxes | 9903 | €4,319 | €33,171 | +€28,852 | +668% |
| Income taxes | 67/77 | €0 | €2,336 | +€2,336 | |
| Profit (loss) for the period | 9904 | €4,319 | €30,835 | +€26,516 | +614% |
| Profit (loss) for the period to be appropriated | 9905 | €4,319 | €30,835 | +€26,516 | +614% |
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 16 October 2026 via checked.be.