BRENEZ V. COMPTA: 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.
BRENEZ V. COMPTA
Largest movements
- Current investments -€101,877
no longer reported in 2025 (was €101,877)
- Cash -€24,745
down €24,745 (-41.9%), from €59,092 to €34,347
mainly Contributions, distributions and other (-€125,000) and Other debts (-€25,939)
- Tangible fixed assets -€10,356
down €10,356 (-9.1%), from €113,625 to €103,269
- Profit (loss) carried forward -€84,965
down €84,965 (-44.2%), from €192,406 to €107,441
- Other debts -€25,939
down €25,939 (-80.9%), from €32,064 to €6,126
- Reserves -€18,862
down €18,862 (-84.9%), from €22,222 to €3,360
- Tax, wage and social debts -€5,029
no longer reported in 2025 (was €5,029)
- Gross operating margin +€5,176
up €5,176 (+16.4%), from €31,553 to €36,729
- Taxes -€2,013
down €2,013 (-42.9%), from €4,696 to €2,683
- Depreciation -€474
down €474 (-4.4%), from €10,830 to €10,356
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 | €275,133 | €137,616 | -€137,517 | -50.0% |
| Fixed assets | 21/28 | €113,625 | €103,269 | -€10,356 | -9.1% |
| Tangible fixed assets | 22/27 | €113,625 | €103,269 | -€10,356 | -9.1% |
| Land and buildings | 22 | €113,625 | €103,269 | -€10,356 | -9.1% |
| Current assets | 29/58 | €161,508 | €34,347 | -€127,161 | -78.7% |
| Amounts receivable within one year | 40/41 | €539 | - | -€539 | |
| Trade receivables | 40 | €539 | - | -€539 | |
| Current investments | 50/53 | €101,877 | - | -€101,877 | |
| Cash at bank and in hand | 54/58 | €59,092 | €34,347 | -€24,745 | -41.9% |
| Total equity and liabilities | 10/49 | €275,133 | €137,616 | -€137,517 | -50.0% |
| Equity | 10/15 | €233,227 | €129,401 | -€103,827 | -44.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,222 | €3,360 | -€18,862 | -84.9% |
| Distributable reserves | 133 | €22,222 | €3,360 | -€18,862 | -84.9% |
| Profit (loss) carried forward | 14 | €192,406 | €107,441 | -€84,965 | -44.2% |
| Amounts payable | 17/49 | €41,906 | €8,215 | -€33,691 | -80.4% |
| Amounts payable after more than one year | 17 | €1,690 | €1,690 | = | 0.0% |
| Other amounts payable | 178/9 | €1,690 | €1,690 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,216 | €6,525 | -€33,691 | -83.8% |
| Trade debts | 44 | €3,123 | €400 | -€2,723 | -87.2% |
| Suppliers | 440/4 | €3,123 | €400 | -€2,723 | -87.2% |
| Taxes, remuneration and social security | 45 | €5,029 | - | -€5,029 | |
| Taxes | 450/3 | €5,029 | - | -€5,029 | |
| Other amounts payable | 47/48 | €32,064 | €6,126 | -€25,939 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,830 | €10,356 | -€474 | -4.4% |
| Other operating charges | 640/8 | €2,917 | €3,009 | +€92 | +3.2% |
| Gross operating margin | 9900 | €31,553 | €36,729 | +€5,176 | +16.4% |
| Operating profit (loss) | 9901 | €17,806 | €23,365 | +€5,559 | +31.2% |
| Financial income | 75/76B | €556 | €611 | +€55 | +9.9% |
| Recurring financial income | 75 | €556 | €611 | +€55 | +9.9% |
| Financial charges | 65/66B | €218 | €119 | -€100 | -45.7% |
| Recurring financial charges | 65 | €218 | €119 | -€100 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €18,144 | €23,857 | +€5,713 | +31.5% |
| Income taxes | 67/77 | €4,696 | €2,683 | -€2,013 | -42.9% |
| Profit (loss) for the period | 9904 | €13,448 | €21,173 | +€7,726 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,448 | €21,173 | +€7,726 | +57.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.