BRELAMTHY: 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.
BRELAMTHY
Largest movements
- Receivables within one year +€17,654
up €17,654 (+59.2%), from €29,820 to €47,474
of which Trade receivables: +€16,805
- Tangible fixed assets +€2,981
up €2,981 (+15039.0%), from €20 to €3,001
of which Furniture and vehicles: +€3,001
- Stocks and contracts -€1,626
no longer reported in 2025 (was €1,626)
- Other debts +€28,784
up €28,784 (+38.1%), from €75,615 to €104,399
- Tax, wage and social debts -€10,978
down €10,978 (-83.9%), from €13,077 to €2,099
- Gross operating margin +€20,390
up €20,390 (+52.7%), from €38,681 to €59,071
- Taxes +€4,563
up €4,563 (+60.5%), from €7,536 to €12,099
- Depreciation -€1,607
down €1,607 (-88.0%), from €1,827 to €219
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 | €111,308 | €129,205 | +€17,897 | +16.1% |
| Fixed assets | 21/28 | €20 | €3,001 | +€2,981 | +15039.0% |
| Tangible fixed assets | 22/27 | €20 | €3,001 | +€2,981 | +15039.0% |
| Plant, machinery and equipment | 23 | €20 | - | -€20 | |
| Furniture and vehicles | 24 | - | €3,001 | +€3,001 | |
| Current assets | 29/58 | €111,288 | €126,204 | +€14,916 | +13.4% |
| Stocks and contracts in progress | 3 | €1,626 | - | -€1,626 | |
| Stocks | 30/36 | €1,626 | - | -€1,626 | |
| Amounts receivable within one year | 40/41 | €29,820 | €47,474 | +€17,654 | +59.2% |
| Trade receivables | 40 | €25,276 | €42,081 | +€16,805 | +66.5% |
| Other amounts receivable | 41 | €4,544 | €5,393 | +€849 | +18.7% |
| Cash at bank and in hand | 54/58 | €78,252 | €77,711 | -€541 | -0.7% |
| Deferred charges and accrued income | 490/1 | €1,591 | €1,019 | -€572 | -35.9% |
| Total equity and liabilities | 10/49 | €111,308 | €129,205 | +€17,897 | +16.1% |
| Equity | 10/15 | €20,797 | €20,797 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €20,697 | €20,697 | = | 0.0% |
| Distributable reserves | 133 | €20,697 | €20,697 | = | 0.0% |
| Amounts payable | 17/49 | €90,511 | €108,408 | +€17,897 | +19.8% |
| Amounts payable within one year | 42/48 | €90,511 | €108,408 | +€17,897 | +19.8% |
| Trade debts | 44 | €1,819 | €1,910 | +€91 | +5.0% |
| Suppliers | 440/4 | €1,819 | €1,910 | +€91 | +5.0% |
| Taxes, remuneration and social security | 45 | €13,077 | €2,099 | -€10,978 | -83.9% |
| Taxes | 450/3 | €13,077 | €2,099 | -€10,978 | -83.9% |
| Other amounts payable | 47/48 | €75,615 | €104,399 | +€28,784 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,827 | €219 | -€1,607 | -88.0% |
| Other operating charges | 640/8 | €1,408 | €1,087 | -€321 | -22.8% |
| Gross operating margin | 9900 | €38,681 | €59,071 | +€20,390 | +52.7% |
| Operating profit (loss) | 9901 | €35,446 | €57,765 | +€22,318 | +63.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €147 | €272 | +€125 | +84.9% |
| Recurring financial charges | 65 | €147 | €272 | +€125 | +84.9% |
| Profit (loss) for the period before taxes | 9903 | €35,301 | €57,493 | +€22,192 | +62.9% |
| Income taxes | 67/77 | €7,536 | €12,099 | +€4,563 | +60.5% |
| Profit (loss) for the period | 9904 | €27,765 | €45,394 | +€17,629 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,765 | €45,394 | +€17,629 | +63.5% |
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 8 October 2026 via checked.be.