BRENCO: 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.
BRENCO
Largest movements
- Cash +€109,260
up €109,260 (+1232.5%), from €8,865 to €118,125
mainly Receivables within one year (+€94,379) and Stocks and contracts (+€6,536)
- Receivables within one year -€94,379
down €94,379 (-80.2%), from €117,682 to €23,303
of which Other amounts receivable: -€73,084
- Stocks and contracts -€6,536
down €6,536 (-39.4%), from €16,600 to €10,064
- Tangible fixed assets -€6,054
down €6,054 (-31.4%), from €19,254 to €13,200
of which Furniture and vehicles: -€5,400
- Deferred charges and accrued income -€6,015
down €6,015 (-62.8%), from €9,574 to €3,559
- Trade debts -€2,957
down €2,957 (-88.7%), from €3,333 to €376
- Gross operating margin -€17,931
down €17,931 (-10.0%), from €179,732 to €161,801
- Taxes -€5,581
down €5,581 (-97.6%), from €5,717 to €136
- Other operating charges -€4,861
down €4,861 (-45.8%), from €10,611 to €5,750
- Financial income -€2,308
down €2,308 (-89.2%), from €2,586 to €278
- Staff costs -€1,859
down €1,859 (-1.2%), from €152,668 to €150,809
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 | €172,200 | €168,476 | -€3,724 | -2.2% |
| Fixed assets | 21/28 | €19,479 | €13,425 | -€6,054 | -31.1% |
| Tangible fixed assets | 22/27 | €19,254 | €13,200 | -€6,054 | -31.4% |
| Plant, machinery and equipment | 23 | €1,454 | €800 | -€654 | -45.0% |
| Furniture and vehicles | 24 | €17,800 | €12,400 | -€5,400 | -30.3% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €152,721 | €155,051 | +€2,330 | +1.5% |
| Stocks and contracts in progress | 3 | €16,600 | €10,064 | -€6,536 | -39.4% |
| Stocks | 30/36 | €16,600 | €10,064 | -€6,536 | -39.4% |
| Amounts receivable within one year | 40/41 | €117,682 | €23,303 | -€94,379 | -80.2% |
| Trade receivables | 40 | €40,098 | €18,803 | -€21,295 | -53.1% |
| Other amounts receivable | 41 | €77,584 | €4,500 | -€73,084 | -94.2% |
| Cash at bank and in hand | 54/58 | €8,865 | €118,125 | +€109,260 | +1232.5% |
| Deferred charges and accrued income | 490/1 | €9,574 | €3,559 | -€6,015 | -62.8% |
| Total equity and liabilities | 10/49 | €172,200 | €168,476 | -€3,724 | -2.2% |
| Equity | 10/15 | €167,110 | €166,271 | -€839 | -0.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €62,150 | €62,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,900 | €13,900 | = | 0.0% |
| Legal reserve | 130 | €13,900 | €13,900 | = | 0.0% |
| Distributable reserves | 133 | €48,250 | €48,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,368 | €85,529 | -€839 | -1.0% |
| Amounts payable | 17/49 | €5,090 | €2,205 | -€2,885 | -56.7% |
| Amounts payable within one year | 42/48 | €5,090 | €2,205 | -€2,885 | -56.7% |
| Trade debts | 44 | €3,333 | €376 | -€2,957 | -88.7% |
| Suppliers | 440/4 | €3,333 | €376 | -€2,957 | -88.7% |
| Taxes, remuneration and social security | 45 | €1,757 | €1,829 | +€72 | +4.1% |
| Taxes | 450/3 | €1,757 | €1,829 | +€72 | +4.1% |
| Non-recurring operating income | 76A | €334 | - | -€334 | |
| Remuneration, social security and pensions | 62 | €152,668 | €150,809 | -€1,859 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,053 | €6,053 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €117 | +€117 | |
| Other operating charges | 640/8 | €10,611 | €5,750 | -€4,861 | -45.8% |
| Gross operating margin | 9900 | €179,732 | €161,801 | -€17,931 | -10.0% |
| Operating profit (loss) | 9901 | €10,400 | -€928 | -€11,328 | |
| Financial income | 75/76B | €2,586 | €278 | -€2,308 | -89.2% |
| Recurring financial income | 75 | €2,586 | €278 | -€2,308 | -89.2% |
| Financial charges | 65/66B | €91 | €53 | -€38 | -41.8% |
| Recurring financial charges | 65 | €91 | €53 | -€38 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €12,895 | -€703 | -€13,598 | |
| Income taxes | 67/77 | €5,717 | €136 | -€5,581 | -97.6% |
| Profit (loss) for the period | 9904 | €7,178 | -€839 | -€8,017 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,178 | -€839 | -€8,017 |
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 5 October 2026 via checked.be.