BREMATH: what changed
What changed
BREMATH
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€5,646
2024 · €34,261-€28,615
Equity
€409,961
2024 · €404,315+€5,646
Cash
€5,154
2024 · €6,437-€1,283
Balance sheet total
€864,733
2024 · €904,194-€39,461
Largest movements
Assets
- Tangible fixed assets -€36,225
down €36,225 (-5.0%), from €730,841 to €694,616
of which Land and buildings: -€30,646
- Receivables within one year -€31,776
down €31,776 (-39.0%), from €81,525 to €49,749
of which Trade receivables: -€34,499
- Receivables after one year +€30,053
up €30,053 (+36.4%), from €82,483 to €112,536
Equity and liabilities
- Short-term financial debts -€24,793
down €24,793 (-70.8%), from €35,000 to €10,207
- Debts after one year -€13,256
down €13,256 (-3.6%), from €366,593 to €353,337
of which Financial debts: -€39,394
- Current portion of long-term debt -€9,077
down €9,077 (-18.7%), from €48,471 to €39,394
Income statement
- Gross operating margin -€33,538
down €33,538 (-29.1%), from €115,363 to €81,825
- Taxes -€3,868
down €3,868 (-57.7%), from €6,708 to €2,841
- Other operating charges -€3,632
down €3,632 (-15.9%), from €22,855 to €19,223
- Financial charges +€1,761
up €1,761 (+15.2%), from €11,548 to €13,309
- Financial income -€1,615
no longer reported in 2025 (was €1,615)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€34,261
Gross operating margin
-€33,538
Depreciation
+€798
Other operating charges
+€3,632
Financial income
-€1,615
Financial charges
-€1,761
Taxes
+€3,868
Result 2025
€5,646
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€50,424
Investment
-€4,582
Financing
-€47,126
Cash 2024
€6,437
From operations (derived)
+€50,424
Net result for the year
+€5,646
Depreciation
+€40,807
Receivables after one year
-€30,053
Receivables within one year
+€31,776
Deferred charges and accrued income
+€230
Trade debts
+€6,069
Tax, wage and social debts
-€2,219
Advances received
-€1,156
Other debts
-€1,500
Accrued charges and deferred income
+€825
Investment (derived)
-€4,582
Investment in fixed assets (net)
-€4,582
Financing
-€47,126
Debts after one year
-€13,256
Current portion of long-term debt
-€9,077
Short-term financial debts
-€24,793
Cash 2025
€5,154
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,194 | €864,733 | -€39,461 | -4.4% |
| Fixed assets | 21/28 | €730,841 | €694,616 | -€36,225 | -5.0% |
| Tangible fixed assets | 22/27 | €730,841 | €694,616 | -€36,225 | -5.0% |
| Land and buildings | 22 | €677,949 | €647,303 | -€30,646 | -4.5% |
| Plant, machinery and equipment | 23 | €52,892 | €47,313 | -€5,578 | -10.5% |
| Current assets | 29/58 | €173,353 | €170,116 | -€3,236 | -1.9% |
| Amounts receivable after more than one year | 29 | €82,483 | €112,536 | +€30,053 | +36.4% |
| Other amounts receivable | 291 | €82,483 | €112,536 | +€30,053 | +36.4% |
| Amounts receivable within one year | 40/41 | €81,525 | €49,749 | -€31,776 | -39.0% |
| Trade receivables | 40 | €81,525 | €47,025 | -€34,499 | -42.3% |
| Other amounts receivable | 41 | - | €2,724 | +€2,724 | |
| Cash at bank and in hand | 54/58 | €6,437 | €5,154 | -€1,283 | -19.9% |
| Deferred charges and accrued income | 490/1 | €2,908 | €2,678 | -€230 | -7.9% |
| Total equity and liabilities | 10/49 | €904,194 | €864,733 | -€39,461 | -4.4% |
| Equity | 10/15 | €404,315 | €409,961 | +€5,646 | +1.4% |
| Contributions | 10/11 | €51,021 | €51,021 | = | 0.0% |
| Reserves | 13 | €353,294 | €358,940 | +€5,646 | +1.6% |
| Distributable reserves | 133 | €353,294 | €358,940 | +€5,646 | +1.6% |
| Amounts payable | 17/49 | €499,879 | €454,772 | -€45,107 | -9.0% |
| Amounts payable after more than one year | 17 | €366,593 | €353,337 | -€13,256 | -3.6% |
| Financial debts | 170/4 | €264,764 | €225,371 | -€39,394 | -14.9% |
| Other amounts payable | 178/9 | €101,829 | €127,966 | +€26,137 | +25.7% |
| Amounts payable within one year | 42/48 | €126,824 | €94,148 | -€32,676 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €48,471 | €39,394 | -€9,077 | -18.7% |
| Financial debts | 43 | €35,000 | €10,207 | -€24,793 | -70.8% |
| Credit institutions | 430/8 | €35,000 | €10,207 | -€24,793 | -70.8% |
| Trade debts | 44 | €12,214 | €18,282 | +€6,069 | +49.7% |
| Suppliers | 440/4 | €12,214 | €18,282 | +€6,069 | +49.7% |
| Advances received on contracts in progress | 46 | €9,075 | €7,919 | -€1,156 | -12.7% |
| Taxes, remuneration and social security | 45 | €20,564 | €18,346 | -€2,219 | -10.8% |
| Taxes | 450/3 | €20,564 | €18,346 | -€2,219 | -10.8% |
| Other amounts payable | 47/48 | €1,500 | - | -€1,500 | |
| Accrued charges and deferred income | 492/3 | €6,461 | €7,287 | +€825 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,605 | €40,807 | -€798 | -1.9% |
| Other operating charges | 640/8 | €22,855 | €19,223 | -€3,632 | -15.9% |
| Gross operating margin | 9900 | €115,363 | €81,825 | -€33,538 | -29.1% |
| Operating profit (loss) | 9901 | €50,903 | €21,795 | -€29,108 | -57.2% |
| Financial income | 75/76B | €1,615 | - | -€1,615 | |
| Recurring financial income | 75 | €1,615 | - | -€1,615 | |
| Financial charges | 65/66B | €11,548 | €13,309 | +€1,761 | +15.2% |
| Recurring financial charges | 65 | €11,548 | €13,309 | +€1,761 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €40,970 | €8,487 | -€32,483 | -79.3% |
| Income taxes | 67/77 | €6,708 | €2,841 | -€3,868 | -57.7% |
| Profit (loss) for the period | 9904 | €34,261 | €5,646 | -€28,615 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,261 | €5,646 | -€28,615 | -83.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.