BREMAKO: 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.
BREMAKO
Largest movements
- Cash -€147,529
down €147,529 (-93.1%), from €158,471 to €10,942
mainly Contributions, distributions and other (-€150,000) and Investment in fixed assets (net) (-€115,580)
- Tangible fixed assets +€100,894
up €100,894 (+56.8%), from €177,652 to €278,546
- Current investments -€70,000
down €70,000 (-41.2%), from €170,000 to €100,000
- Receivables within one year +€30,614
up €30,614 (+154.9%), from €19,762 to €50,376
of which Other amounts receivable: +€29,000
- Other debts -€47,608
down €47,608 (-16.5%), from €288,821 to €241,213
- Reserves -€40,517
down €40,517 (-20.0%), from €203,059 to €162,542
- Gross operating margin +€7,601
up €7,601 (+4.5%), from €168,122 to €175,723
- Depreciation +€7,094
up €7,094 (+93.4%), from €7,592 to €14,686
- Financial income -€3,817
down €3,817 (-50.9%), from €7,499 to €3,682
- Financial charges +€3,787
up €3,787 (+31.6%), from €11,986 to €15,774
- Taxes -€2,255
down €2,255 (-5.5%), from €40,807 to €38,552
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 | €528,803 | €440,321 | -€88,482 | -16.7% |
| Fixed assets | 21/28 | €177,652 | €278,546 | +€100,894 | +56.8% |
| Tangible fixed assets | 22/27 | €177,652 | €278,546 | +€100,894 | +56.8% |
| Land and buildings | 22 | €177,652 | €278,546 | +€100,894 | +56.8% |
| Current assets | 29/58 | €351,151 | €161,776 | -€189,376 | -53.9% |
| Amounts receivable within one year | 40/41 | €19,762 | €50,376 | +€30,614 | +154.9% |
| Trade receivables | 40 | €18,319 | €19,934 | +€1,614 | +8.8% |
| Other amounts receivable | 41 | €1,443 | €30,443 | +€29,000 | +2010.0% |
| Current investments | 50/53 | €170,000 | €100,000 | -€70,000 | -41.2% |
| Cash at bank and in hand | 54/58 | €158,471 | €10,942 | -€147,529 | -93.1% |
| Deferred charges and accrued income | 490/1 | €2,918 | €458 | -€2,461 | -84.3% |
| Total equity and liabilities | 10/49 | €528,803 | €440,321 | -€88,482 | -16.7% |
| Equity | 10/15 | €221,659 | €181,142 | -€40,517 | -18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €203,059 | €162,542 | -€40,517 | -20.0% |
| Distributable reserves | 133 | €203,059 | €162,542 | -€40,517 | -20.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €307,144 | €259,179 | -€47,964 | -15.6% |
| Amounts payable within one year | 42/48 | €306,401 | €259,179 | -€47,221 | -15.4% |
| Trade debts | 44 | €1,902 | €339 | -€1,563 | -82.2% |
| Suppliers | 440/4 | €1,902 | €339 | -€1,563 | -82.2% |
| Taxes, remuneration and social security | 45 | €15,678 | €17,628 | +€1,950 | +12.4% |
| Taxes | 450/3 | €13,298 | €15,248 | +€1,950 | +14.7% |
| Remuneration and social security | 454/9 | €2,380 | €2,380 | = | 0.0% |
| Other amounts payable | 47/48 | €288,821 | €241,213 | -€47,608 | -16.5% |
| Accrued charges and deferred income | 492/3 | €743 | €0 | -€743 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,592 | €14,686 | +€7,094 | +93.4% |
| Other operating charges | 640/8 | €1,210 | €911 | -€299 | -24.7% |
| Gross operating margin | 9900 | €168,122 | €175,723 | +€7,601 | +4.5% |
| Operating profit (loss) | 9901 | €159,320 | €160,126 | +€806 | +0.5% |
| Financial income | 75/76B | €7,499 | €3,682 | -€3,817 | -50.9% |
| Recurring financial income | 75 | €7,499 | €3,682 | -€3,817 | -50.9% |
| Financial charges | 65/66B | €11,986 | €15,774 | +€3,787 | +31.6% |
| Recurring financial charges | 65 | €11,986 | €15,774 | +€3,787 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €154,833 | €148,035 | -€6,798 | -4.4% |
| Income taxes | 67/77 | €40,807 | €38,552 | -€2,255 | -5.5% |
| Profit (loss) for the period | 9904 | €114,026 | €109,483 | -€4,543 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,026 | €109,483 | -€4,543 | -4.0% |
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 2 October 2026 via checked.be.