BRENKA: 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.
BRENKA
Largest movements
- Tangible fixed assets +€9,160
up €9,160 (+2.7%), from €343,781 to €352,941
of which Plant, machinery and equipment: +€7,204
- Profit (loss) carried forward +€50,476
up €50,476 (+58.9%), from -€85,650 to -€35,174
- Debts after one year -€18,203
down €18,203 (-9.4%), from €193,062 to €174,859
- Other debts -€16,616
down €16,616 (-11.7%), from €142,483 to €125,868
- Short-term financial debts -€15,448
down €15,448 (-64.3%), from €24,022 to €8,575
- Trade debts +€5,217
up €5,217 (+1,432%), from €364 to €5,581
- Gross operating margin +€34,907
up €34,907 (+52.2%), from €66,811 to €101,718
- Financial charges -€8,991
down €8,991 (-47.6%), from €18,880 to €9,889
of which Non-recurring financial charges: -€7,645
- Depreciation -€7,234
down €7,234 (-21.7%), from €33,399 to €26,165
- Financial income -€1,530
down €1,530 (-99.9%), from €1,531 to €1
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 | €356,463 | €362,734 | +€6,271 | +1.8% |
| Fixed assets | 21/28 | €347,386 | €355,266 | +€7,880 | +2.3% |
| Intangible fixed assets | 21 | €3,605 | €2,325 | -€1,280 | -35.5% |
| Tangible fixed assets | 22/27 | €343,781 | €352,941 | +€9,160 | +2.7% |
| Land and buildings | 22 | €320,563 | €324,739 | +€4,176 | +1.3% |
| Plant, machinery and equipment | 23 | €15,322 | €22,526 | +€7,204 | +47.0% |
| Furniture and vehicles | 24 | €7,896 | €5,676 | -€2,220 | -28.1% |
| Current assets | 29/58 | €9,077 | €7,468 | -€1,609 | -17.7% |
| Stocks and contracts in progress | 3 | €6,168 | €4,909 | -€1,260 | -20.4% |
| Stocks | 30/36 | €6,168 | €4,909 | -€1,260 | -20.4% |
| Amounts receivable within one year | 40/41 | €1,016 | €1,950 | +€934 | +91.9% |
| Trade receivables | 40 | €851 | €1,785 | +€934 | +110% |
| Other amounts receivable | 41 | €165 | €165 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,893 | €609 | -€1,284 | -67.8% |
| Total equity and liabilities | 10/49 | €356,463 | €362,734 | +€6,271 | +1.8% |
| Equity | 10/15 | -€22,954 | €27,522 | +€50,476 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €2,696 | €2,696 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,696 | €2,696 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,696 | €2,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,650 | -€35,174 | +€50,476 | +58.9% |
| Amounts payable | 17/49 | €379,417 | €335,212 | -€44,206 | -11.7% |
| Amounts payable after more than one year | 17 | €193,062 | €174,859 | -€18,203 | -9.4% |
| Financial debts | 170/4 | €193,062 | €174,859 | -€18,203 | -9.4% |
| Amounts payable within one year | 42/48 | €186,355 | €160,353 | -€26,002 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €17,582 | €18,203 | +€621 | +3.5% |
| Financial debts | 43 | €24,022 | €8,575 | -€15,448 | -64.3% |
| Credit institutions | 430/8 | €24,022 | €8,575 | -€15,448 | -64.3% |
| Trade debts | 44 | €364 | €5,581 | +€5,217 | +1,432% |
| Suppliers | 440/4 | €364 | €5,581 | +€5,217 | +1,432% |
| Taxes, remuneration and social security | 45 | €1,903 | €2,126 | +€223 | +11.7% |
| Taxes | 450/3 | €1,903 | €2,126 | +€223 | +11.7% |
| Other amounts payable | 47/48 | €142,483 | €125,868 | -€16,616 | -11.7% |
| Remuneration, social security and pensions | 62 | - | €89 | +€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,399 | €26,165 | -€7,234 | -21.7% |
| Other operating charges | 640/8 | €15,980 | €15,118 | -€861 | -5.4% |
| Non-recurring operating charges | 66A | €184 | - | -€184 | |
| Gross operating margin | 9900 | €66,811 | €101,718 | +€34,907 | +52.2% |
| Operating profit (loss) | 9901 | €17,248 | €60,346 | +€43,098 | +250% |
| Financial income | 75/76B | €1,531 | €1 | -€1,530 | -99.9% |
| Recurring financial income | 75 | €1,531 | €1 | -€1,530 | -99.9% |
| Financial charges | 65/66B | €18,880 | €9,889 | -€8,991 | -47.6% |
| Recurring financial charges | 65 | €11,235 | €9,889 | -€1,347 | -12.0% |
| Non-recurring financial charges | 66B | €7,645 | - | -€7,645 | |
| Profit (loss) for the period before taxes | 9903 | -€101 | €50,458 | +€50,560 | |
| Income taxes | 67/77 | - | -€18 | -€18 | |
| Profit (loss) for the period | 9904 | -€101 | €50,476 | +€50,578 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101 | €50,476 | +€50,578 |
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.