BRELICO: 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.
BRELICO
Largest movements
- Current investments -€360,381
down €360,381 (-100.0%), from €360,381 to €0
- Tangible fixed assets +€332,184
up €332,184 (+289.0%), from €114,939 to €447,122
of which Land and buildings: +€337,691
- Receivables within one year -€21,102
down €21,102 (-100.0%), from €21,110 to €8
of which Other amounts receivable: -€18,605
- Deferred charges and accrued income -€6,600
down €6,600 (-100.0%), from €6,600 to €0
- Profit (loss) carried forward -€33,209
down €33,209, from €0 to -€33,209
- Debts after one year -€21,661
down €21,661 (-56.3%), from €38,444 to €16,783
- Gross operating margin -€104,076
down €104,076 (-82.5%), from €126,219 to €22,143
- Other operating charges +€38,970
up €38,970 (+7183.9%), from €542 to €39,512
- Taxes -€31,454
down €31,454 (-99.5%), from €31,619 to €165
- Depreciation +€7,034
up €7,034 (+47.1%), from €14,922 to €21,956
- Financial income +€3,256
up €3,256 (+62.0%), from €5,250 to €8,506
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 | €587,642 | €530,786 | -€56,855 | -9.7% |
| Fixed assets | 21/28 | €114,939 | €447,122 | +€332,184 | +289.0% |
| Tangible fixed assets | 22/27 | €114,939 | €447,122 | +€332,184 | +289.0% |
| Land and buildings | 22 | €94,579 | €432,270 | +€337,691 | +357.0% |
| Furniture and vehicles | 24 | €20,359 | €14,852 | -€5,507 | -27.1% |
| Current assets | 29/58 | €472,703 | €83,664 | -€389,039 | -82.3% |
| Amounts receivable within one year | 40/41 | €21,110 | €8 | -€21,102 | -100.0% |
| Trade receivables | 40 | €2,497 | €0 | -€2,497 | -100.0% |
| Other amounts receivable | 41 | €18,614 | €8 | -€18,605 | -100.0% |
| Current investments | 50/53 | €360,381 | €0 | -€360,381 | -100.0% |
| Cash at bank and in hand | 54/58 | €84,612 | €83,656 | -€956 | -1.1% |
| Deferred charges and accrued income | 490/1 | €6,600 | €0 | -€6,600 | -100.0% |
| Total equity and liabilities | 10/49 | €587,642 | €530,786 | -€56,855 | -9.7% |
| Equity | 10/15 | €467,366 | €434,158 | -€33,209 | -7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €454,966 | €454,966 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €453,106 | €454,966 | +€1,860 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | -€33,209 | -€33,209 | |
| Amounts payable | 17/49 | €120,275 | €96,629 | -€23,647 | -19.7% |
| Amounts payable after more than one year | 17 | €38,444 | €16,783 | -€21,661 | -56.3% |
| Financial debts | 170/4 | €38,444 | €16,783 | -€21,661 | -56.3% |
| Amounts payable within one year | 42/48 | €81,832 | €79,846 | -€1,986 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €20,849 | €21,661 | +€812 | +3.9% |
| Trade debts | 44 | €417 | €69 | -€348 | -83.4% |
| Suppliers | 440/4 | €417 | €69 | -€348 | -83.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €60,566 | €58,116 | -€2,450 | -4.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,922 | €21,956 | +€7,034 | +47.1% |
| Other operating charges | 640/8 | €542 | €39,512 | +€38,970 | +7183.9% |
| Gross operating margin | 9900 | €126,219 | €22,143 | -€104,076 | -82.5% |
| Operating profit (loss) | 9901 | €110,754 | -€39,325 | -€150,080 | |
| Financial income | 75/76B | €5,250 | €8,506 | +€3,256 | +62.0% |
| Recurring financial income | 75 | €5,250 | €8,506 | +€3,256 | +62.0% |
| Financial charges | 65/66B | €3,025 | €2,224 | -€801 | -26.5% |
| Recurring financial charges | 65 | €3,025 | €2,224 | -€801 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €112,979 | -€33,044 | -€146,023 | |
| Income taxes | 67/77 | €31,619 | €165 | -€31,454 | -99.5% |
| Profit (loss) for the period | 9904 | €81,360 | -€33,209 | -€114,569 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,360 | -€33,209 | -€114,569 |
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.