BREMAS: 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.
BREMAS
Largest movements
- Tangible fixed assets -€64,830
down €64,830 (-3.4%), from €1.9m to €1.8m
of which Land and buildings: -€41,524
- Cash +€48,717
up €48,717 (+74.8%), from €65,106 to €113,823
mainly Net result for the year (+€98,350) and Depreciation (+€64,830)
- Deferred charges and accrued income +€30,514
up €30,514, from €0 to €30,514
- Receivables within one year -€29,818
down €29,818 (-9.5%), from €314,265 to €284,447
of which Trade receivables: -€28,571
- Other debts -€157,348
down €157,348 (-38.7%), from €406,684 to €249,337
- Reserves +€98,350
up €98,350 (+10.9%), from €900,387 to €998,737
of which Distributable reserves: +€98,350
- Tax, wage and social debts +€26,867
up €26,867 (+36.5%), from €73,678 to €100,545
of which Taxes: +€22,895
- Current portion of long-term debt +€23,458
up €23,458, from €0 to €23,458
- Gross operating margin +€25,849
up €25,849 (+9.7%), from €265,529 to €291,378
- Other operating charges +€19,543
up €19,543 (+581.1%), from €3,363 to €22,906
- Taxes +€7,428
up €7,428 (+13.9%), from €53,515 to €60,943
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 | €2,274,396 | €2,258,979 | -€15,417 | -0.7% |
| Fixed assets | 21/28 | €1,895,025 | €1,830,196 | -€64,830 | -3.4% |
| Tangible fixed assets | 22/27 | €1,895,025 | €1,830,196 | -€64,830 | -3.4% |
| Land and buildings | 22 | €1,842,613 | €1,801,089 | -€41,524 | -2.3% |
| Plant, machinery and equipment | 23 | €2,016 | €1,367 | -€649 | -32.2% |
| Furniture and vehicles | 24 | €47,793 | €25,328 | -€22,465 | -47.0% |
| Other tangible fixed assets | 26 | €2,603 | €2,412 | -€191 | -7.3% |
| Current assets | 29/58 | €379,371 | €428,784 | +€49,413 | +13.0% |
| Amounts receivable within one year | 40/41 | €314,265 | €284,447 | -€29,818 | -9.5% |
| Trade receivables | 40 | €32,979 | €4,408 | -€28,571 | -86.6% |
| Other amounts receivable | 41 | €281,286 | €280,039 | -€1,247 | -0.4% |
| Cash at bank and in hand | 54/58 | €65,106 | €113,823 | +€48,717 | +74.8% |
| Deferred charges and accrued income | 490/1 | €0 | €30,514 | +€30,514 | |
| Total equity and liabilities | 10/49 | €2,274,396 | €2,258,979 | -€15,417 | -0.7% |
| Equity | 10/15 | €956,187 | €1,054,537 | +€98,350 | +10.3% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €900,387 | €998,737 | +€98,350 | +10.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €900,387 | €998,737 | +€98,350 | +10.9% |
| Amounts payable | 17/49 | €1,318,209 | €1,204,442 | -€113,767 | -8.6% |
| Amounts payable after more than one year | 17 | €825,000 | €825,000 | = | 0.0% |
| Financial debts | 170/4 | €825,000 | €825,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €493,209 | €377,182 | -€116,027 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €23,458 | +€23,458 | |
| Trade debts | 44 | €12,847 | €3,843 | -€9,004 | -70.1% |
| Suppliers | 440/4 | €12,847 | €3,843 | -€9,004 | -70.1% |
| Taxes, remuneration and social security | 45 | €73,678 | €100,545 | +€26,867 | +36.5% |
| Taxes | 450/3 | €73,678 | €96,574 | +€22,895 | +31.1% |
| Remuneration and social security | 454/9 | - | €3,971 | +€3,971 | |
| Other amounts payable | 47/48 | €406,684 | €249,337 | -€157,348 | -38.7% |
| Accrued charges and deferred income | 492/3 | €0 | €2,260 | +€2,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,356 | €64,830 | +€473 | +0.7% |
| Other operating charges | 640/8 | €3,363 | €22,906 | +€19,543 | +581.1% |
| Gross operating margin | 9900 | €265,529 | €291,378 | +€25,849 | +9.7% |
| Operating profit (loss) | 9901 | €197,809 | €203,642 | +€5,833 | +2.9% |
| Financial income | 75/76B | €80 | €307 | +€228 | +285.8% |
| Recurring financial income | 75 | €80 | €307 | +€228 | +285.8% |
| Financial charges | 65/66B | €42,892 | €44,656 | +€1,763 | +4.1% |
| Recurring financial charges | 65 | €42,892 | €44,656 | +€1,763 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €154,997 | €159,294 | +€4,297 | +2.8% |
| Income taxes | 67/77 | €53,515 | €60,943 | +€7,428 | +13.9% |
| Profit (loss) for the period | 9904 | €101,481 | €98,350 | -€3,131 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €101,481 | €98,350 | -€3,131 | -3.1% |
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 3 October 2026 via checked.be.