BREIN: 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.
BREIN
Largest movements
- Current investments +€100,970
up €100,970 (+33.0%), from €305,988 to €406,958
- Receivables within one year -€94,666
down €94,666 (-64.7%), from €146,343 to €51,677
of which Trade receivables: -€91,902
- Cash +€42,418
up €42,418 (+120.4%), from €35,218 to €77,636
mainly Net result for the year (+€130,654) and Receivables within one year (+€94,666)
- Stocks and contracts +€17,924
up €17,924 (+32.0%), from €55,963 to €73,886
- Reserves +€129,821
up €129,821 (+14.7%), from €880,643 to €1.0m
- Trade debts -€31,567
down €31,567 (-96.6%), from €32,664 to €1,097
- Turnover -€529,292
no longer reported in 2025 (was €529,292)
- Purchases and services -€376,907
no longer reported in 2025 (was €376,907)
- Gross operating margin +€86,962
up €86,962 (+57.1%), from €152,386 to €239,348
- Taxes +€22,459
up €22,459 (+108.3%), from €20,728 to €43,187
- Depreciation +€11,875
up €11,875 (+27.5%), from €43,220 to €55,095
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 | €1,057,213 | €1,134,240 | +€77,027 | +7.3% |
| Fixed assets | 21/28 | €510,962 | €521,375 | +€10,413 | +2.0% |
| Tangible fixed assets | 22/27 | €510,962 | €521,375 | +€10,413 | +2.0% |
| Plant, machinery and equipment | 23 | €2,599 | €2,528 | -€72 | -2.8% |
| Furniture and vehicles | 24 | €35,169 | €69,325 | +€34,156 | +97.1% |
| Leasing and similar rights | 25 | €472,879 | €449,522 | -€23,358 | -4.9% |
| Other tangible fixed assets | 26 | €314 | - | -€314 | |
| Current assets | 29/58 | €546,252 | €612,866 | +€66,614 | +12.2% |
| Stocks and contracts in progress | 3 | €55,963 | €73,886 | +€17,924 | +32.0% |
| Stocks | 30/36 | €55,963 | €73,886 | +€17,924 | +32.0% |
| Amounts receivable within one year | 40/41 | €146,343 | €51,677 | -€94,666 | -64.7% |
| Trade receivables | 40 | €141,433 | €49,531 | -€91,902 | -65.0% |
| Other amounts receivable | 41 | €4,910 | €2,146 | -€2,764 | -56.3% |
| Current investments | 50/53 | €305,988 | €406,958 | +€100,970 | +33.0% |
| Cash at bank and in hand | 54/58 | €35,218 | €77,636 | +€42,418 | +120.4% |
| Deferred charges and accrued income | 490/1 | €2,740 | €2,708 | -€32 | -1.2% |
| Total equity and liabilities | 10/49 | €1,057,213 | €1,134,240 | +€77,027 | +7.3% |
| Equity | 10/15 | €899,243 | €1,029,064 | +€129,821 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €880,643 | €1,010,464 | +€129,821 | +14.7% |
| Distributable reserves | 133 | €880,643 | €1,010,464 | +€129,821 | +14.7% |
| Amounts payable | 17/49 | €157,970 | €105,176 | -€52,794 | -33.4% |
| Amounts payable within one year | 42/48 | €157,970 | €105,176 | -€52,794 | -33.4% |
| Trade debts | 44 | €32,664 | €1,097 | -€31,567 | -96.6% |
| Suppliers | 440/4 | €32,664 | €1,097 | -€31,567 | -96.6% |
| Taxes, remuneration and social security | 45 | €11,311 | €1,107 | -€10,205 | -90.2% |
| Taxes | 450/3 | €9,418 | €944 | -€8,474 | -90.0% |
| Remuneration and social security | 454/9 | €1,893 | €163 | -€1,730 | -91.4% |
| Other amounts payable | 47/48 | €113,995 | €102,973 | -€11,023 | -9.7% |
| Turnover | 70 | €529,292 | - | -€529,292 | |
| Goods, raw materials, services and sundry goods | 60/61 | €376,907 | - | -€376,907 | |
| Remuneration, social security and pensions | 62 | €11,548 | €16,435 | +€4,887 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,220 | €55,095 | +€11,875 | +27.5% |
| Other operating charges | 640/8 | €3,070 | €3,991 | +€920 | +30.0% |
| Gross operating margin | 9900 | €152,386 | €239,348 | +€86,962 | +57.1% |
| Operating profit (loss) | 9901 | €94,548 | €163,828 | +€69,280 | +73.3% |
| Financial income | 75/76B | €8,313 | €10,236 | +€1,923 | +23.1% |
| Recurring financial income | 75 | €8,313 | €10,236 | +€1,923 | +23.1% |
| Financial charges | 65/66B | €148 | €223 | +€75 | +50.6% |
| Recurring financial charges | 65 | €148 | €223 | +€75 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €102,712 | €173,841 | +€71,129 | +69.3% |
| Income taxes | 67/77 | €20,728 | €43,187 | +€22,459 | +108.3% |
| Profit (loss) for the period | 9904 | €81,984 | €130,654 | +€48,670 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,984 | €130,654 | +€48,670 | +59.4% |
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 1 October 2026 via checked.be.