Bren&co: 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.
Bren&co
Largest movements
- Receivables within one year +€7,707
up €7,707 (+38.8%), from €19,840 to €27,547
of which Trade receivables: +€5,207
- Cash +€5,965
up €5,965 (+29.6%), from €20,150 to €26,115
mainly Debts after one year (+€40,737) and Current portion of long-term debt (+€9,263)
- Tangible fixed assets -€4,564
down €4,564 (-10.4%), from €43,955 to €39,391
of which Land and buildings: -€2,458
- Deferred charges and accrued income -€1,543
down €1,543 (-41.0%), from €3,765 to €2,222
- Debts after one year +€40,737
new in 2025: €40,737
- Profit (loss) carried forward -€37,601
down €37,601 (-71.2%), from €52,807 to €15,206
- Current portion of long-term debt +€9,263
new in 2025: €9,263
- Other debts -€6,704
down €6,704 (-49.8%), from €13,463 to €6,759
- Trade debts +€973
up €973 (+41.5%), from €2,345 to €3,318
- Gross operating margin -€51,173
down €51,173, from €29,237 to -€21,936
- Taxes -€5,667
down €5,667, from €5,595 to -€72
- Other operating charges +€304
up €304 (+29.3%), from €1,039 to €1,343
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 | €87,710 | €95,275 | +€7,565 | +8.6% |
| Fixed assets | 21/28 | €43,955 | €39,391 | -€4,564 | -10.4% |
| Tangible fixed assets | 22/27 | €43,955 | €39,391 | -€4,564 | -10.4% |
| Land and buildings | 22 | €38,350 | €35,892 | -€2,458 | -6.4% |
| Furniture and vehicles | 24 | €5,605 | €3,499 | -€2,106 | -37.6% |
| Current assets | 29/58 | €43,755 | €55,884 | +€12,129 | +27.7% |
| Amounts receivable within one year | 40/41 | €19,840 | €27,547 | +€7,707 | +38.8% |
| Trade receivables | 40 | €19,840 | €25,047 | +€5,207 | +26.2% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €20,150 | €26,115 | +€5,965 | +29.6% |
| Deferred charges and accrued income | 490/1 | €3,765 | €2,222 | -€1,543 | -41.0% |
| Total equity and liabilities | 10/49 | €87,710 | €95,275 | +€7,565 | +8.6% |
| Equity | 10/15 | €60,867 | €23,266 | -€37,601 | -61.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €52,807 | €15,206 | -€37,601 | -71.2% |
| Amounts payable | 17/49 | €26,843 | €72,009 | +€45,166 | +168% |
| Amounts payable after more than one year | 17 | - | €40,737 | +€40,737 | |
| Financial debts | 170/4 | - | €40,737 | +€40,737 | |
| Amounts payable within one year | 42/48 | €26,843 | €31,272 | +€4,429 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,263 | +€9,263 | |
| Trade debts | 44 | €2,345 | €3,318 | +€973 | +41.5% |
| Suppliers | 440/4 | €2,345 | €3,318 | +€973 | +41.5% |
| Taxes, remuneration and social security | 45 | €11,035 | €11,932 | +€897 | +8.1% |
| Taxes | 450/3 | €11,035 | €11,932 | +€897 | +8.1% |
| Other amounts payable | 47/48 | €13,463 | €6,759 | -€6,704 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,446 | €4,564 | +€118 | +2.7% |
| Other operating charges | 640/8 | €1,039 | €1,343 | +€304 | +29.3% |
| Gross operating margin | 9900 | €29,237 | -€21,936 | -€51,173 | |
| Operating profit (loss) | 9901 | €23,752 | -€27,843 | -€51,595 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €4,862 | €4,840 | -€22 | -0.5% |
| Recurring financial charges | 65 | €4,862 | €4,840 | -€22 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €18,890 | -€32,673 | -€51,563 | |
| Income taxes | 67/77 | €5,595 | -€72 | -€5,667 | |
| Profit (loss) for the period | 9904 | €13,295 | -€32,601 | -€45,896 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,295 | -€32,601 | -€45,896 |
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 18 October 2026 via checked.be.