BREHOPHAR: 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.
BREHOPHAR
Largest movements
- Cash -€223,958
down €223,958 (-70.5%), from €317,747 to €93,789
mainly Receivables within one year (-€125,276) and Other debts (-€100,000)
- Receivables within one year +€125,276
up €125,276 (+76.2%), from €164,464 to €289,740
of which Other amounts receivable: +€120,019
- Tangible fixed assets -€14,957
down €14,957 (-4.9%), from €302,252 to €287,295
of which Land and buildings: -€10,314
- Other debts -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Trade debts +€53,349
up €53,349 (+60.5%), from €88,236 to €141,586
- Reserves -€36,889
down €36,889 (-47.9%), from €77,046 to €40,157
- Debts after one year -€26,415
down €26,415 (-7.7%), from €342,091 to €315,676
of which Financial debts: -€26,415
- Financial income -€4,285
down €4,285 (-59.8%), from €7,169 to €2,884
- Financial charges +€4,076
up €4,076 (+41.5%), from €9,820 to €13,896
- Gross operating margin +€3,181
up €3,181 (+2.7%), from €119,482 to €122,663
- Taxes -€2,000
down €2,000 (-8.5%), from €23,531 to €21,530
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 | €883,630 | €775,082 | -€108,548 | -12.3% |
| Fixed assets | 21/28 | €302,252 | €287,295 | -€14,957 | -4.9% |
| Tangible fixed assets | 22/27 | €302,252 | €287,295 | -€14,957 | -4.9% |
| Land and buildings | 22 | €230,008 | €219,695 | -€10,314 | -4.5% |
| Plant, machinery and equipment | 23 | €3,088 | €2,207 | -€881 | -28.5% |
| Furniture and vehicles | 24 | €16,727 | €16,271 | -€456 | -2.7% |
| Other tangible fixed assets | 26 | €52,430 | €49,122 | -€3,307 | -6.3% |
| Current assets | 29/58 | €581,377 | €487,787 | -€93,591 | -16.1% |
| Stocks and contracts in progress | 3 | €99,142 | €102,829 | +€3,687 | +3.7% |
| Stocks | 30/36 | €99,142 | €102,829 | +€3,687 | +3.7% |
| Amounts receivable within one year | 40/41 | €164,464 | €289,740 | +€125,276 | +76.2% |
| Trade receivables | 40 | €85,276 | €90,533 | +€5,257 | +6.2% |
| Other amounts receivable | 41 | €79,189 | €199,208 | +€120,019 | +152% |
| Cash at bank and in hand | 54/58 | €317,747 | €93,789 | -€223,958 | -70.5% |
| Deferred charges and accrued income | 490/1 | €24 | €1,428 | +€1,404 | +5,851% |
| Total equity and liabilities | 10/49 | €883,630 | €775,082 | -€108,548 | -12.3% |
| Equity | 10/15 | €220,796 | €183,907 | -€36,889 | -16.7% |
| Contributions | 10/11 | €143,750 | €143,750 | = | 0.0% |
| Reserves | 13 | €77,046 | €40,157 | -€36,889 | -47.9% |
| Distributable reserves | 133 | €77,046 | €40,157 | -€36,889 | -47.9% |
| Amounts payable | 17/49 | €662,834 | €591,174 | -€71,660 | -10.8% |
| Amounts payable after more than one year | 17 | €342,091 | €315,676 | -€26,415 | -7.7% |
| Financial debts | 170/4 | €292,091 | €265,676 | -€26,415 | -9.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €315,963 | €270,251 | -€45,712 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €25,977 | €26,415 | +€439 | +1.7% |
| Trade debts | 44 | €88,236 | €141,586 | +€53,349 | +60.5% |
| Suppliers | 440/4 | €88,236 | €141,586 | +€53,349 | +60.5% |
| Taxes, remuneration and social security | 45 | €1,750 | €2,250 | +€500 | +28.6% |
| Taxes | 450/3 | €1,750 | €2,250 | +€500 | +28.6% |
| Other amounts payable | 47/48 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €4,780 | €5,248 | +€468 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,761 | €23,942 | +€1,181 | +5.2% |
| Other operating charges | 640/8 | €2,963 | €3,068 | +€104 | +3.5% |
| Gross operating margin | 9900 | €119,482 | €122,663 | +€3,181 | +2.7% |
| Operating profit (loss) | 9901 | €93,758 | €95,653 | +€1,895 | +2.0% |
| Financial income | 75/76B | €7,169 | €2,884 | -€4,285 | -59.8% |
| Recurring financial income | 75 | €7,169 | €2,884 | -€4,285 | -59.8% |
| Financial charges | 65/66B | €9,820 | €13,896 | +€4,076 | +41.5% |
| Recurring financial charges | 65 | €9,820 | €13,896 | +€4,076 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €91,107 | €84,642 | -€6,465 | -7.1% |
| Income taxes | 67/77 | €23,531 | €21,530 | -€2,000 | -8.5% |
| Profit (loss) for the period | 9904 | €67,577 | €63,111 | -€4,465 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,577 | €63,111 | -€4,465 | -6.6% |
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 28 October 2026 via checked.be.