BREMCO: what changed
Two financial 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
BREMCO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€300,038
2024 · €399,264-€99,226
Equity
€4.8m
2024 · €4.5m+€300,038
Cash
€981,779
2024 · €571,688+€410,091
Balance sheet total
€16.2m
2024 · €15.3m+€852,514
Largest movements
Assets
- Tangible fixed assets +€454,763
up €454,763 (+913%), from €49,824 to €504,587
of which Land and buildings: +€464,015
- Cash +€410,091
up €410,091 (+71.7%), from €571,688 to €981,779
mainly Other debts (+€675,475) and Net result for the year (+€300,038)
- Financial fixed assets -€353,699
down €353,699 (-4.7%), from €7.5m to €7.2m
- Receivables within one year +€351,237
up €351,237 (+6.1%), from €5.7m to €6.1m
of which Trade receivables: +€217,779
Equity and liabilities
- Other debts +€675,475
up €675,475 (+8.1%), from €8.3m to €9.0m
- Profit (loss) carried forward +€300,038
up €300,038 (+7.3%), from €4.1m to €4.4m
Income statement
- Gross operating margin -€101,783
down €101,783 (-34.7%), from €293,337 to €191,554
- Financial income +€60,107
up €60,107 (+16.9%), from €355,333 to €415,440
of which Financial income: +€62,586
- Financial charges +€39,403
up €39,403 (+76.0%), from €51,840 to €91,243
- Depreciation +€12,875
up €12,875 (+50.8%), from €25,356 to €38,231
- Taxes -€5,791
down €5,791 (-15.7%), from €36,828 to €31,036
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
€399,264
Gross operating margin
-€101,783
Staff costs
-€5,366
Depreciation
-€12,875
Other operating charges
+€502
Other operating items
-€6,199
Financial income
+€60,107
Financial charges
-€39,403
Taxes
+€5,791
Result 2025
€300,038
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€643,205
Investment
-€176,795
Financing
-€56,320
Cash 2024
€571,688
From operations (derived)
+€643,205
Net result for the year
+€300,038
Depreciation
+€38,231
Stocks and contracts
+€56,086
Receivables within one year
-€351,237
Deferred charges and accrued income
-€8,708
Trade debts
-€64,228
Tax, wage and social debts
-€2,375
Other debts
+€675,475
Accrued charges and deferred income
-€76
Investment (derived)
-€176,795
Investment in fixed assets (net)
-€139,295
Current investments
-€37,500
Financing
-€56,320
Debts after one year
-€116,674
Current portion of long-term debt
-€14,646
Short-term financial debts
+€75,000
Cash 2025
€981,779
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,326,658 | €16,179,172 | +€852,514 | +5.6% |
| Fixed assets | 21/28 | €7,569,279 | €7,670,343 | +€101,064 | +1.3% |
| Tangible fixed assets | 22/27 | €49,824 | €504,587 | +€454,763 | +913% |
| Land and buildings | 22 | €20,000 | €484,015 | +€464,015 | +2,320% |
| Plant, machinery and equipment | 23 | €7,828 | €5,851 | -€1,977 | -25.3% |
| Furniture and vehicles | 24 | €20,147 | €12,871 | -€7,275 | -36.1% |
| Other tangible fixed assets | 26 | €1,850 | €1,850 | = | 0.0% |
| Financial fixed assets | 28 | €7,519,454 | €7,165,755 | -€353,699 | -4.7% |
| Current assets | 29/58 | €7,757,380 | €8,508,829 | +€751,450 | +9.7% |
| Stocks and contracts in progress | 3 | €1,311,582 | €1,255,496 | -€56,086 | -4.3% |
| Stocks | 30/36 | €1,311,582 | €1,255,496 | -€56,086 | -4.3% |
| Amounts receivable within one year | 40/41 | €5,723,959 | €6,075,197 | +€351,237 | +6.1% |
| Trade receivables | 40 | €327,434 | €545,213 | +€217,779 | +66.5% |
| Other amounts receivable | 41 | €5,396,525 | €5,529,984 | +€133,459 | +2.5% |
| Current investments | 50/53 | €106,250 | €143,750 | +€37,500 | +35.3% |
| Cash at bank and in hand | 54/58 | €571,688 | €981,779 | +€410,091 | +71.7% |
| Deferred charges and accrued income | 490/1 | €43,900 | €52,607 | +€8,708 | +19.8% |
| Total equity and liabilities | 10/49 | €15,326,658 | €16,179,172 | +€852,514 | +5.6% |
| Equity | 10/15 | €4,474,566 | €4,774,604 | +€300,038 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €364,276 | €364,276 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €362,416 | €362,416 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,097,890 | €4,397,928 | +€300,038 | +7.3% |
| Amounts payable | 17/49 | €10,852,092 | €11,404,568 | +€552,476 | +5.1% |
| Amounts payable after more than one year | 17 | €1,767,583 | €1,650,909 | -€116,674 | -6.6% |
| Financial debts | 170/4 | €330,583 | €213,909 | -€116,674 | -35.3% |
| Other amounts payable | 178/9 | €1,437,000 | €1,437,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,084,072 | €9,753,298 | +€669,226 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €131,320 | €116,674 | -€14,646 | -11.2% |
| Financial debts | 43 | €510,000 | €585,000 | +€75,000 | +14.7% |
| Credit institutions | 430/8 | €510,000 | €510,000 | = | 0.0% |
| Other loans | 439 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €109,066 | €44,838 | -€64,228 | -58.9% |
| Suppliers | 440/4 | €109,066 | €44,838 | -€64,228 | -58.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €31,766 | €29,390 | -€2,375 | -7.5% |
| Taxes | 450/3 | €14,125 | €10,691 | -€3,434 | -24.3% |
| Remuneration and social security | 454/9 | €17,641 | €18,699 | +€1,058 | +6.0% |
| Other amounts payable | 47/48 | €8,301,921 | €8,977,395 | +€675,475 | +8.1% |
| Accrued charges and deferred income | 492/3 | €437 | €362 | -€76 | -17.3% |
| Remuneration, social security and pensions | 62 | €125,721 | €131,087 | +€5,366 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,356 | €38,231 | +€12,875 | +50.8% |
| Other operating charges | 640/8 | €9,662 | €9,159 | -€502 | -5.2% |
| Non-recurring operating charges | 66A | - | €6,199 | +€6,199 | |
| Gross operating margin | 9900 | €293,337 | €191,554 | -€101,783 | -34.7% |
| Operating profit (loss) | 9901 | €132,599 | €6,878 | -€125,721 | -94.8% |
| Financial income | 75/76B | €355,333 | €415,440 | +€60,107 | +16.9% |
| Recurring financial income | 75 | €352,853 | €415,440 | +€62,586 | +17.7% |
| Non-recurring financial income | 76B | €2,479 | €0 | -€2,479 | -100% |
| Financial charges | 65/66B | €51,840 | €91,243 | +€39,403 | +76.0% |
| Recurring financial charges | 65 | €51,840 | €91,243 | +€39,403 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | €436,091 | €331,074 | -€105,017 | -24.1% |
| Income taxes | 67/77 | €36,828 | €31,036 | -€5,791 | -15.7% |
| Profit (loss) for the period | 9904 | €399,264 | €300,038 | -€99,226 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €399,264 | €300,038 | -€99,226 | -24.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.