BREGO: 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.
BREGO
Largest movements
- Receivables within one year +€18,123
up €18,123 (+57.0%), from €31,776 to €49,899
of which Other amounts receivable: +€21,804
- Cash +€6,271
up €6,271 (+11.3%), from €55,604 to €61,875
mainly Net result for the year (+€36,614) and Depreciation (+€3,287)
- Tangible fixed assets -€1,487
down €1,487 (-17.7%), from €8,424 to €6,937
of which Furniture and vehicles: -€1,104
- Profit (loss) carried forward +€36,614
up €36,614 (+68.4%), from €53,517 to €90,132
- Other debts -€7,477
down €7,477 (-100.0%), from €7,477 to €0
- Tax, wage and social debts -€6,965
down €6,965 (-21.7%), from €32,109 to €25,144
- Accrued charges and deferred income +€1,400
new in 2025: €1,400
- Gross operating margin +€7,010
up €7,010 (+14.4%), from €48,702 to €55,713
- Depreciation +€1,364
up €1,364 (+70.9%), from €1,923 to €3,287
- Taxes +€1,174
up €1,174 (+11.0%), from €10,661 to €11,835
- Other operating charges +€690
new in 2025: €690
- Financial charges -€630
down €630 (-16.1%), from €3,917 to €3,287
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 | €95,804 | €118,711 | +€22,907 | +23.9% |
| Fixed assets | 21/28 | €8,424 | €6,937 | -€1,487 | -17.7% |
| Tangible fixed assets | 22/27 | €8,424 | €6,937 | -€1,487 | -17.7% |
| Plant, machinery and equipment | 23 | €2,569 | €2,626 | +€57 | +2.2% |
| Furniture and vehicles | 24 | €3,721 | €2,617 | -€1,104 | -29.7% |
| Other tangible fixed assets | 26 | €2,134 | €1,694 | -€440 | -20.6% |
| Current assets | 29/58 | €87,380 | €111,774 | +€24,394 | +27.9% |
| Amounts receivable within one year | 40/41 | €31,776 | €49,899 | +€18,123 | +57.0% |
| Trade receivables | 40 | €17,344 | €13,663 | -€3,681 | -21.2% |
| Other amounts receivable | 41 | €14,432 | €36,236 | +€21,804 | +151.1% |
| Cash at bank and in hand | 54/58 | €55,604 | €61,875 | +€6,271 | +11.3% |
| Total equity and liabilities | 10/49 | €95,804 | €118,711 | +€22,907 | +23.9% |
| Equity | 10/15 | €55,517 | €92,132 | +€36,614 | +66.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,517 | €90,132 | +€36,614 | +68.4% |
| Amounts payable | 17/49 | €40,287 | €26,580 | -€13,707 | -34.0% |
| Amounts payable within one year | 42/48 | €40,287 | €25,180 | -€15,107 | -37.5% |
| Trade debts | 44 | €700 | €35 | -€665 | -95.0% |
| Suppliers | 440/4 | €700 | €35 | -€665 | -95.0% |
| Taxes, remuneration and social security | 45 | €32,109 | €25,144 | -€6,965 | -21.7% |
| Taxes | 450/3 | €32,109 | €25,144 | -€6,965 | -21.7% |
| Other amounts payable | 47/48 | €7,477 | €0 | -€7,477 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,400 | +€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,923 | €3,287 | +€1,364 | +70.9% |
| Other operating charges | 640/8 | - | €690 | +€690 | |
| Gross operating margin | 9900 | €48,702 | €55,713 | +€7,010 | +14.4% |
| Operating profit (loss) | 9901 | €46,779 | €51,736 | +€4,956 | +10.6% |
| Financial charges | 65/66B | €3,917 | €3,287 | -€630 | -16.1% |
| Recurring financial charges | 65 | €3,917 | €3,287 | -€630 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €42,862 | €48,449 | +€5,587 | +13.0% |
| Income taxes | 67/77 | €10,661 | €11,835 | +€1,174 | +11.0% |
| Profit (loss) for the period | 9904 | €32,202 | €36,614 | +€4,412 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,202 | €36,614 | +€4,412 | +13.7% |
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 9 October 2026 via checked.be.