BREGO TRUST: 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 TRUST
Largest movements
- Receivables within one year -€25,925
down €25,925 (-29.5%), from €87,734 to €61,809
of which Other amounts receivable: -€31,654
- Cash -€20,069
down €20,069 (-91.7%), from €21,888 to €1,819
mainly Contributions, distributions and other (-€53,380) and Debts after one year (-€7,556)
- Tangible fixed assets -€12,340
down €12,340 (-6.8%), from €180,490 to €168,150
of which Land and buildings: -€6,936
- Reserves -€57,676
down €57,676 (-46.8%), from €123,313 to €65,637
- Trade debts +€9,140
up €9,140 (+52.0%), from €17,576 to €26,716
- Debts after one year -€7,556
down €7,556 (-8.5%), from €88,964 to €81,408
- Short-term financial debts +€3,387
up €3,387, from €0 to €3,387
- Staff costs +€31,471
up €31,471 (+31.7%), from €99,394 to €130,865
- Gross operating margin +€23,857
up €23,857 (+17.6%), from €135,369 to €159,226
- Depreciation +€4,683
up €4,683 (+30.5%), from €15,346 to €20,029
- Financial income -€3,543
down €3,543 (-82.4%), from €4,299 to €756
- Other operating charges -€2,106
down €2,106 (-36.3%), from €5,793 to €3,688
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 | €299,301 | €242,240 | -€57,061 | -19.1% |
| Fixed assets | 21/28 | €183,976 | €171,039 | -€12,937 | -7.0% |
| Intangible fixed assets | 21 | €2,336 | €1,739 | -€597 | -25.6% |
| Tangible fixed assets | 22/27 | €180,490 | €168,150 | -€12,340 | -6.8% |
| Land and buildings | 22 | €147,529 | €140,593 | -€6,936 | -4.7% |
| Plant, machinery and equipment | 23 | €2,551 | €1,935 | -€616 | -24.1% |
| Furniture and vehicles | 24 | €28,170 | €23,382 | -€4,788 | -17.0% |
| Other tangible fixed assets | 26 | €2,241 | €2,241 | = | 0.0% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €115,325 | €71,202 | -€44,123 | -38.3% |
| Amounts receivable within one year | 40/41 | €87,734 | €61,809 | -€25,925 | -29.5% |
| Trade receivables | 40 | €8,609 | €14,338 | +€5,729 | +66.6% |
| Other amounts receivable | 41 | €79,125 | €47,471 | -€31,654 | -40.0% |
| Cash at bank and in hand | 54/58 | €21,888 | €1,819 | -€20,069 | -91.7% |
| Deferred charges and accrued income | 490/1 | €5,703 | €7,574 | +€1,870 | +32.8% |
| Total equity and liabilities | 10/49 | €299,301 | €242,240 | -€57,061 | -19.1% |
| Equity | 10/15 | €148,102 | €88,297 | -€59,805 | -40.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €123,313 | €65,637 | -€57,676 | -46.8% |
| Distributable reserves | 133 | €123,313 | €65,637 | -€57,676 | -46.8% |
| Profit (loss) carried forward | 14 | - | -€2,129 | -€2,129 | |
| Amounts payable | 17/49 | €151,199 | €153,943 | +€2,744 | +1.8% |
| Amounts payable after more than one year | 17 | €88,964 | €81,408 | -€7,556 | -8.5% |
| Financial debts | 170/4 | €88,964 | €81,408 | -€7,556 | -8.5% |
| Amounts payable within one year | 42/48 | €62,235 | €72,535 | +€10,300 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €7,405 | €7,556 | +€150 | +2.0% |
| Financial debts | 43 | €0 | €3,387 | +€3,387 | |
| Credit institutions | 430/8 | €0 | €3,387 | +€3,387 | |
| Trade debts | 44 | €17,576 | €26,716 | +€9,140 | +52.0% |
| Suppliers | 440/4 | €17,576 | €26,716 | +€9,140 | +52.0% |
| Taxes, remuneration and social security | 45 | €37,253 | €34,876 | -€2,377 | -6.4% |
| Taxes | 450/3 | €22,249 | €14,411 | -€7,838 | -35.2% |
| Remuneration and social security | 454/9 | €15,004 | €20,465 | +€5,461 | +36.4% |
| Non-recurring operating income | 76A | €0 | €13,545 | +€13,545 | |
| Remuneration, social security and pensions | 62 | €99,394 | €130,865 | +€31,471 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,346 | €20,029 | +€4,683 | +30.5% |
| Other operating charges | 640/8 | €5,793 | €3,688 | -€2,106 | -36.3% |
| Non-recurring operating charges | 66A | €164 | €0 | -€164 | -100% |
| Gross operating margin | 9900 | €135,369 | €159,226 | +€23,857 | +17.6% |
| Operating profit (loss) | 9901 | €14,672 | €4,644 | -€10,028 | -68.3% |
| Financial income | 75/76B | €4,299 | €756 | -€3,543 | -82.4% |
| Recurring financial income | 75 | €4,299 | €756 | -€3,543 | -82.4% |
| Financial charges | 65/66B | €4,722 | €4,274 | -€448 | -9.5% |
| Recurring financial charges | 65 | €4,722 | €4,274 | -€448 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €14,249 | €1,126 | -€13,123 | -92.1% |
| Income taxes | 67/77 | €8,427 | €7,551 | -€876 | -10.4% |
| Profit (loss) for the period | 9904 | €5,822 | -€6,425 | -€12,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,822 | -€6,425 | -€12,247 |
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 17 October 2026 via checked.be.