BREMO: 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.
BREMO
Largest movements
- Receivables within one year -€43,462
down €43,462 (-15.9%), from €272,743 to €229,281
of which Trade receivables: -€37,517
- Cash +€39,390
up €39,390 (+21.9%), from €179,655 to €219,045
mainly Net result for the year (+€88,799) and Other debts (+€86,997)
- Tangible fixed assets -€31,917
down €31,917 (-25.9%), from €123,034 to €91,117
of which Furniture and vehicles: -€24,007
- Stocks and contracts -€25,747
down €25,747 (-16.2%), from €159,316 to €133,569
of which Contracts in progress: -€25,120
- Trade debts -€141,737
down €141,737 (-34.7%), from €408,368 to €266,631
- Other debts +€86,997
up €86,997 (+3,557%), from €2,446 to €89,443
- Debts after one year -€27,589
down €27,589 (-39.4%), from €69,982 to €42,392
- Tax, wage and social debts +€25,948
up €25,948 (+146%), from €17,763 to €43,711
of which Taxes: +€20,700
- Gross operating margin +€114,215
up €114,215 (+75.6%), from €151,135 to €265,350
- Staff costs +€44,626
up €44,626 (+115%), from €38,749 to €83,374
- Taxes +€19,921
up €19,921 (+79.5%), from €25,056 to €44,977
- Depreciation +€7,211
up €7,211 (+25.8%), from €27,925 to €35,136
- Other operating charges +€5,308
up €5,308 (+446%), from €1,190 to €6,498
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €762,186 | €698,837 | -€63,349 | -8.3% |
| Fixed assets | 21/28 | €138,898 | €105,152 | -€33,746 | -24.3% |
| Intangible fixed assets | 21 | €5,764 | €3,935 | -€1,829 | -31.7% |
| Tangible fixed assets | 22/27 | €123,034 | €91,117 | -€31,917 | -25.9% |
| Plant, machinery and equipment | 23 | €24,358 | €17,524 | -€6,834 | -28.1% |
| Furniture and vehicles | 24 | €94,834 | €70,826 | -€24,007 | -25.3% |
| Other tangible fixed assets | 26 | €3,843 | €2,767 | -€1,076 | -28.0% |
| Financial fixed assets | 28 | €10,100 | €10,100 | = | 0.0% |
| Current assets | 29/58 | €623,288 | €593,685 | -€29,603 | -4.7% |
| Stocks and contracts in progress | 3 | €159,316 | €133,569 | -€25,747 | -16.2% |
| Stocks | 30/36 | €16,405 | €15,778 | -€627 | -3.8% |
| Contracts in progress | 37 | €142,911 | €117,791 | -€25,120 | -17.6% |
| Amounts receivable within one year | 40/41 | €272,743 | €229,281 | -€43,462 | -15.9% |
| Trade receivables | 40 | €146,100 | €108,583 | -€37,517 | -25.7% |
| Other amounts receivable | 41 | €126,643 | €120,698 | -€5,944 | -4.7% |
| Cash at bank and in hand | 54/58 | €179,655 | €219,045 | +€39,390 | +21.9% |
| Deferred charges and accrued income | 490/1 | €11,574 | €11,790 | +€216 | +1.9% |
| Total equity and liabilities | 10/49 | €762,186 | €698,837 | -€63,349 | -8.3% |
| Equity | 10/15 | €224,327 | €219,366 | -€4,961 | -2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €218,105 | €213,144 | -€4,961 | -2.3% |
| Distributable reserves | 133 | €218,105 | €213,144 | -€4,961 | -2.3% |
| Profit (loss) carried forward | 14 | €22 | €22 | = | 0.0% |
| Amounts payable | 17/49 | €537,859 | €479,471 | -€58,387 | -10.9% |
| Amounts payable after more than one year | 17 | €69,982 | €42,392 | -€27,589 | -39.4% |
| Financial debts | 170/4 | €69,982 | €42,392 | -€27,589 | -39.4% |
| Amounts payable within one year | 42/48 | €467,866 | €437,079 | -€30,787 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €39,290 | €37,294 | -€1,996 | -5.1% |
| Trade debts | 44 | €408,368 | €266,631 | -€141,737 | -34.7% |
| Suppliers | 440/4 | €408,368 | €266,631 | -€141,737 | -34.7% |
| Taxes, remuneration and social security | 45 | €17,763 | €43,711 | +€25,948 | +146% |
| Taxes | 450/3 | €6,306 | €27,005 | +€20,700 | +328% |
| Remuneration and social security | 454/9 | €11,457 | €16,706 | +€5,248 | +45.8% |
| Other amounts payable | 47/48 | €2,446 | €89,443 | +€86,997 | +3,557% |
| Accrued charges and deferred income | 492/3 | €11 | €0 | -€11 | -100% |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €38,749 | €83,374 | +€44,626 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,925 | €35,136 | +€7,211 | +25.8% |
| Other operating charges | 640/8 | €1,190 | €6,498 | +€5,308 | +446% |
| Non-recurring operating charges | 66A | €0 | €2,090 | +€2,090 | |
| Gross operating margin | 9900 | €151,135 | €265,350 | +€114,215 | +75.6% |
| Operating profit (loss) | 9901 | €83,271 | €138,251 | +€54,980 | +66.0% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €5,135 | €4,513 | -€623 | -12.1% |
| Recurring financial charges | 65 | €5,135 | €4,513 | -€623 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €78,136 | €133,775 | +€55,639 | +71.2% |
| Income taxes | 67/77 | €25,056 | €44,977 | +€19,921 | +79.5% |
| Profit (loss) for the period | 9904 | €53,080 | €88,799 | +€35,719 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,080 | €88,799 | +€35,719 | +67.3% |
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 14 October 2026 via checked.be.