BRELEC: 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.
What changed
BRELEC
NACE 74.999, Other professional, scientific and technical activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,960
2024 · €39,016-€40,976
Equity
€150,702
2024 · €152,663-€1,960
Cash
€2,721
2024 · €13,622-€10,901
Balance sheet total
€1.3m
2024 · €1.3m-€46,144
Largest movements
Assets
- Deferred charges and accrued income -€34,290
down €34,290 (-87.3%), from €39,289 to €4,999
Equity and liabilities
- Debts after one year -€38,967
down €38,967 (-3.6%), from €1.1m to €1.0m
Income statement
- Gross operating margin -€58,790
down €58,790 (-41.6%), from €141,478 to €82,688
- Financial charges -€1,739
down €1,739 (-4.0%), from €43,479 to €41,740
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.
Result 2024
€39,016
Gross operating margin
-€58,790
Depreciation
+€893
Other operating charges
-€3
Financial income
+€7
Financial charges
+€1,739
Taxes
-€12
Deferred taxes and other
+€15,190
Result 2025
-€1,960
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.
From operations
+€56,737
Investment
-€33,543
Financing
-€34,096
Cash 2024
€13,622
From operations (derived)
+€56,737
Net result for the year
-€1,960
Depreciation
+€38,039
Stocks and contracts
+€3,671
Receivables within one year
-€7,215
Deferred charges and accrued income
+€34,290
Provisions
-€528
Trade debts
-€8,798
Tax, wage and social debts
+€1,169
Other debts
+€6,922
Accrued charges and deferred income
-€8,852
Investment (derived)
-€33,543
Investment in fixed assets (net)
-€33,543
Financing
-€34,096
Debts after one year
-€38,967
Current portion of long-term debt
+€4,871
Cash 2025
€2,721
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,339,380 | €1,293,236 | -€46,144 | -3.4% |
| Fixed assets | 21/28 | €1,183,679 | €1,179,182 | -€4,496 | -0.4% |
| Tangible fixed assets | 22/27 | €1,183,679 | €1,179,182 | -€4,496 | -0.4% |
| Land and buildings | 22 | €1,180,615 | €1,176,547 | -€4,068 | -0.3% |
| Plant, machinery and equipment | 23 | €1,926 | €1,798 | -€128 | -6.6% |
| Furniture and vehicles | 24 | €1,138 | €837 | -€301 | -26.4% |
| Current assets | 29/58 | €155,701 | €114,054 | -€41,648 | -26.7% |
| Stocks and contracts in progress | 3 | €57,337 | €53,666 | -€3,671 | -6.4% |
| Stocks | 30/36 | €57,337 | €53,666 | -€3,671 | -6.4% |
| Amounts receivable within one year | 40/41 | €45,454 | €52,669 | +€7,215 | +15.9% |
| Trade receivables | 40 | €45,454 | €52,669 | +€7,215 | +15.9% |
| Cash at bank and in hand | 54/58 | €13,622 | €2,721 | -€10,901 | -80.0% |
| Deferred charges and accrued income | 490/1 | €39,289 | €4,999 | -€34,290 | -87.3% |
| Total equity and liabilities | 10/49 | €1,339,380 | €1,293,236 | -€46,144 | -3.4% |
| Equity | 10/15 | €152,663 | €150,702 | -€1,960 | -1.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €61,779 | €59,665 | -€2,114 | -3.4% |
| Tax-exempt reserves | 132 | €58,645 | €56,532 | -€2,114 | -3.6% |
| Distributable reserves | 133 | €3,134 | €3,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,116 | -€28,963 | +€153 | +0.5% |
| Provisions and deferred taxes | 16 | €14,661 | €14,133 | -€528 | -3.6% |
| Deferred taxes | 168 | €14,661 | €14,133 | -€528 | -3.6% |
| Amounts payable | 17/49 | €1,172,056 | €1,128,401 | -€43,655 | -3.7% |
| Amounts payable after more than one year | 17 | €1,070,189 | €1,031,222 | -€38,967 | -3.6% |
| Financial debts | 170/4 | €1,070,189 | €1,031,222 | -€38,967 | -3.6% |
| Amounts payable within one year | 42/48 | €91,265 | €95,429 | +€4,164 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €33,161 | €38,032 | +€4,871 | +14.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €14,531 | €5,733 | -€8,798 | -60.5% |
| Suppliers | 440/4 | €14,531 | €5,733 | -€8,798 | -60.5% |
| Taxes, remuneration and social security | 45 | €9,563 | €10,732 | +€1,169 | +12.2% |
| Taxes | 450/3 | €6,363 | €6,994 | +€632 | +9.9% |
| Remuneration and social security | 454/9 | €3,200 | €3,737 | +€537 | +16.8% |
| Other amounts payable | 47/48 | €34,010 | €40,933 | +€6,922 | +20.4% |
| Accrued charges and deferred income | 492/3 | €10,602 | €1,750 | -€8,852 | -83.5% |
| Non-recurring operating income | 76A | €79,264 | €0 | -€79,264 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,933 | €38,039 | -€893 | -2.3% |
| Other operating charges | 640/8 | €5,193 | €5,196 | +€3 | +0.1% |
| Gross operating margin | 9900 | €141,478 | €82,688 | -€58,790 | -41.6% |
| Operating profit (loss) | 9901 | €97,353 | €39,453 | -€57,900 | -59.5% |
| Financial income | 75/76B | €6 | €13 | +€7 | +112.1% |
| Recurring financial income | 75 | €6 | €13 | +€7 | +112.1% |
| Financial charges | 65/66B | €43,479 | €41,740 | -€1,739 | -4.0% |
| Recurring financial charges | 65 | €43,479 | €41,740 | -€1,739 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €53,880 | -€2,274 | -€56,154 | |
| Transfer from deferred taxes | 780 | €1,192 | €528 | -€663 | -55.7% |
| Transfer to deferred taxes | 680 | €15,853 | €0 | -€15,853 | -100.0% |
| Income taxes | 67/77 | €203 | €215 | +€12 | +5.8% |
| Profit (loss) for the period | 9904 | €39,016 | -€1,960 | -€40,976 | |
| Transfer from tax-exempt reserves | 789 | €4,766 | €2,114 | -€2,652 | -55.7% |
| Transfer to tax-exempt reserves | 689 | €63,411 | €0 | -€63,411 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,630 | €153 | +€19,783 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.