BREFIBO: 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.
BREFIBO
Largest movements
- Cash +€41,193
up €41,193 (+22.9%), from €179,651 to €220,844
mainly Net result for the year (+€56,745) and Other debts (+€36,496)
- Tangible fixed assets -€27,349
down €27,349 (-52.7%), from €51,849 to €24,500
of which Furniture and vehicles: -€17,199
- Receivables within one year +€16,905
up €16,905 (+34.1%), from €49,552 to €66,457
of which Trade receivables: +€16,744
- Other debts +€36,496
up €36,496 (+699.4%), from €5,218 to €41,714
- Debts after one year -€20,241
down €20,241 (-40.0%), from €50,620 to €30,379
- Reserves +€8,500
up €8,500 (+7.5%), from €114,000 to €122,500
- Profit (loss) carried forward +€6,745
up €6,745 (+12.0%), from €56,132 to €62,877
- Tax, wage and social debts -€3,325
down €3,325 (-16.5%), from €20,119 to €16,794
of which Taxes: -€3,620
- Gross operating margin +€24,210
up €24,210 (+15.0%), from €161,701 to €185,911
- Taxes +€5,513
up €5,513 (+34.0%), from €16,210 to €21,724
- Staff costs +€3,185
up €3,185 (+4.3%), from €74,613 to €77,798
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 | €282,370 | €313,197 | +€30,827 | +10.9% |
| Fixed assets | 21/28 | €51,849 | €24,500 | -€27,349 | -52.7% |
| Tangible fixed assets | 22/27 | €51,849 | €24,500 | -€27,349 | -52.7% |
| Land and buildings | 22 | €34,650 | €24,500 | -€10,150 | -29.3% |
| Furniture and vehicles | 24 | €17,199 | - | -€17,199 | |
| Current assets | 29/58 | €230,521 | €288,697 | +€58,176 | +25.2% |
| Amounts receivable within one year | 40/41 | €49,552 | €66,457 | +€16,905 | +34.1% |
| Trade receivables | 40 | €48,794 | €65,538 | +€16,744 | +34.3% |
| Other amounts receivable | 41 | €758 | €919 | +€161 | +21.2% |
| Cash at bank and in hand | 54/58 | €179,651 | €220,844 | +€41,193 | +22.9% |
| Deferred charges and accrued income | 490/1 | €1,318 | €1,396 | +€78 | +5.9% |
| Total equity and liabilities | 10/49 | €282,370 | €313,197 | +€30,827 | +10.9% |
| Equity | 10/15 | €185,217 | €200,461 | +€15,245 | +8.2% |
| Contributions | 10/11 | €15,084 | €15,084 | = | 0.0% |
| Reserves | 13 | €114,000 | €122,500 | +€8,500 | +7.5% |
| Distributable reserves | 133 | €114,000 | €122,500 | +€8,500 | +7.5% |
| Profit (loss) carried forward | 14 | €56,132 | €62,877 | +€6,745 | +12.0% |
| Amounts payable | 17/49 | €97,153 | €112,736 | +€15,582 | +16.0% |
| Amounts payable after more than one year | 17 | €50,620 | €30,379 | -€20,241 | -40.0% |
| Financial debts | 170/4 | €50,620 | €30,379 | -€20,241 | -40.0% |
| Amounts payable within one year | 42/48 | €46,533 | €82,356 | +€35,823 | +77.0% |
| Trade debts | 44 | €21,196 | €23,849 | +€2,653 | +12.5% |
| Suppliers | 440/4 | €21,196 | €23,849 | +€2,653 | +12.5% |
| Taxes, remuneration and social security | 45 | €20,119 | €16,794 | -€3,325 | -16.5% |
| Taxes | 450/3 | €11,393 | €7,774 | -€3,620 | -31.8% |
| Remuneration and social security | 454/9 | €8,726 | €9,020 | +€294 | +3.4% |
| Other amounts payable | 47/48 | €5,218 | €41,714 | +€36,496 | +699.4% |
| Remuneration, social security and pensions | 62 | €74,613 | €77,798 | +€3,185 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,349 | €27,349 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,086 | €2,257 | +€171 | +8.2% |
| Gross operating margin | 9900 | €161,701 | €185,911 | +€24,210 | +15.0% |
| Operating profit (loss) | 9901 | €57,653 | €78,506 | +€20,854 | +36.2% |
| Financial income | 75/76B | €1,467 | €1,852 | +€384 | +26.2% |
| Recurring financial income | 75 | €1,467 | €1,852 | +€384 | +26.2% |
| Financial charges | 65/66B | €2,558 | €1,890 | -€668 | -26.1% |
| Recurring financial charges | 65 | €2,558 | €1,890 | -€668 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €56,562 | €78,468 | +€21,906 | +38.7% |
| Income taxes | 67/77 | €16,210 | €21,724 | +€5,513 | +34.0% |
| Profit (loss) for the period | 9904 | €40,352 | €56,745 | +€16,393 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,352 | €56,745 | +€16,393 | +40.6% |
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.