BREJO: 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.
BREJO
Largest movements
- Cash +€27,743
up €27,743 (+191.6%), from €14,478 to €42,220
mainly Net result for the year (+€24,080) and Tax, wage and social debts (+€4,788)
- Tangible fixed assets -€2,707
down €2,707 (-36.8%), from €7,358 to €4,651
of which Plant, machinery and equipment: -€2,149
- Deferred charges and accrued income +€2,187
new in 2025: €2,187
- Reserves +€22,220
up €22,220 (+77.1%), from €28,834 to €51,054
- Tax, wage and social debts +€4,788
up €4,788 (+142.7%), from €3,355 to €8,143
- Other debts -€1,973
down €1,973 (-97.3%), from €2,028 to €55
- Trade debts +€1,765
up €1,765 (+676.5%), from €261 to €2,025
- Gross operating margin +€14,428
up €14,428 (+55.5%), from €26,019 to €40,447
- Financial income -€5,745
down €5,745 (-97.8%), from €5,877 to €132
- Taxes +€3,097
up €3,097 (+32.8%), from €9,455 to €12,552
- Other operating charges -€844
down €844 (-79.4%), from €1,063 to €218
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 | €53,078 | €80,058 | +€26,980 | +50.8% |
| Fixed assets | 21/28 | €38,358 | €35,651 | -€2,707 | -7.1% |
| Tangible fixed assets | 22/27 | €7,358 | €4,651 | -€2,707 | -36.8% |
| Plant, machinery and equipment | 23 | €6,801 | €4,651 | -€2,149 | -31.6% |
| Furniture and vehicles | 24 | €557 | - | -€557 | |
| Financial fixed assets | 28 | €31,000 | €31,000 | = | 0.0% |
| Current assets | 29/58 | €14,720 | €44,407 | +€29,687 | +201.7% |
| Amounts receivable within one year | 40/41 | €242 | - | -€242 | |
| Trade receivables | 40 | €242 | - | -€242 | |
| Cash at bank and in hand | 54/58 | €14,478 | €42,220 | +€27,743 | +191.6% |
| Deferred charges and accrued income | 490/1 | - | €2,187 | +€2,187 | |
| Total equity and liabilities | 10/49 | €53,078 | €80,058 | +€26,980 | +50.8% |
| Equity | 10/15 | €47,434 | €69,654 | +€22,220 | +46.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,834 | €51,054 | +€22,220 | +77.1% |
| Distributable reserves | 133 | €28,834 | €51,054 | +€22,220 | +77.1% |
| Amounts payable | 17/49 | €5,644 | €10,404 | +€4,760 | +84.3% |
| Amounts payable within one year | 42/48 | €5,644 | €10,404 | +€4,760 | +84.3% |
| Financial debts | 43 | - | €181 | +€181 | |
| Credit institutions | 430/8 | - | €181 | +€181 | |
| Trade debts | 44 | €261 | €2,025 | +€1,765 | +676.5% |
| Suppliers | 440/4 | €261 | €2,025 | +€1,765 | +676.5% |
| Taxes, remuneration and social security | 45 | €3,355 | €8,143 | +€4,788 | +142.7% |
| Taxes | 450/3 | €3,355 | €8,143 | +€4,788 | +142.7% |
| Other amounts payable | 47/48 | €2,028 | €55 | -€1,973 | -97.3% |
| Non-recurring operating income | 76A | €102 | - | -€102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,101 | €2,707 | -€394 | -12.7% |
| Other operating charges | 640/8 | €1,063 | €218 | -€844 | -79.4% |
| Gross operating margin | 9900 | €26,019 | €40,447 | +€14,428 | +55.5% |
| Operating profit (loss) | 9901 | €21,856 | €37,522 | +€15,666 | +71.7% |
| Financial income | 75/76B | €5,877 | €132 | -€5,745 | -97.8% |
| Recurring financial income | 75 | €5,877 | €132 | -€5,745 | -97.8% |
| Financial charges | 65/66B | €1,224 | €1,022 | -€202 | -16.5% |
| Recurring financial charges | 65 | €1,224 | €1,022 | -€202 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €26,509 | €36,632 | +€10,123 | +38.2% |
| Income taxes | 67/77 | €9,455 | €12,552 | +€3,097 | +32.8% |
| Profit (loss) for the period | 9904 | €17,054 | €24,080 | +€7,026 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,054 | €24,080 | +€7,026 | +41.2% |
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.