BRENNER: 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.
BRENNER
Largest movements
- Tangible fixed assets -€24,343
down €24,343 (-10.6%), from €228,840 to €204,498
of which Furniture and vehicles: -€16,185
- Stocks and contracts +€17,970
up €17,970 (+12.1%), from €148,736 to €166,706
- Cash +€10,639
up €10,639 (+7.1%), from €149,584 to €160,224
mainly Depreciation (+€32,539) and Accrued charges and deferred income (+€9,420)
- Accrued charges and deferred income +€9,420
up €9,420 (+179%), from €5,266 to €14,686
- Gross operating margin -€4,759
down €4,759 (-6.9%), from €69,266 to €64,507
- Taxes -€1,200
down €1,200 (-37.8%), from €3,174 to €1,974
- Financial charges -€771
down €771 (-9.0%), from €8,579 to €7,808
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 | €685,777 | €691,211 | +€5,433 | +0.8% |
| Fixed assets | 21/28 | €228,840 | €204,498 | -€24,343 | -10.6% |
| Tangible fixed assets | 22/27 | €228,840 | €204,498 | -€24,343 | -10.6% |
| Land and buildings | 22 | €170,352 | €156,623 | -€13,729 | -8.1% |
| Plant, machinery and equipment | 23 | €4,660 | €10,232 | +€5,572 | +120% |
| Furniture and vehicles | 24 | €53,828 | €37,643 | -€16,185 | -30.1% |
| Current assets | 29/58 | €456,937 | €486,713 | +€29,776 | +6.5% |
| Stocks and contracts in progress | 3 | €148,736 | €166,706 | +€17,970 | +12.1% |
| Stocks | 30/36 | €148,736 | €166,706 | +€17,970 | +12.1% |
| Amounts receivable within one year | 40/41 | €7,977 | €9,093 | +€1,116 | +14.0% |
| Trade receivables | 40 | €2,529 | €989 | -€1,540 | -60.9% |
| Other amounts receivable | 41 | €5,448 | €8,104 | +€2,656 | +48.7% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €149,584 | €160,224 | +€10,639 | +7.1% |
| Deferred charges and accrued income | 490/1 | €639 | €689 | +€50 | +7.9% |
| Total equity and liabilities | 10/49 | €685,777 | €691,211 | +€5,433 | +0.8% |
| Equity | 10/15 | €550,796 | €554,549 | +€3,753 | +0.7% |
| Contributions | 10/11 | €301,000 | €301,000 | = | 0.0% |
| Reserves | 13 | €249,796 | €253,549 | +€3,753 | +1.5% |
| Tax-exempt reserves | 132 | €40,348 | €40,348 | = | 0.0% |
| Distributable reserves | 133 | €209,448 | €213,200 | +€3,753 | +1.8% |
| Amounts payable | 17/49 | €134,982 | €136,662 | +€1,680 | +1.2% |
| Amounts payable within one year | 42/48 | €129,716 | €121,976 | -€7,740 | -6.0% |
| Trade debts | 44 | €13,332 | €8,543 | -€4,788 | -35.9% |
| Suppliers | 440/4 | €13,332 | €8,543 | -€4,788 | -35.9% |
| Taxes, remuneration and social security | 45 | €22,768 | €17,932 | -€4,837 | -21.2% |
| Taxes | 450/3 | €17,171 | €12,053 | -€5,119 | -29.8% |
| Remuneration and social security | 454/9 | €5,597 | €5,879 | +€282 | +5.0% |
| Other amounts payable | 47/48 | €93,616 | €95,501 | +€1,885 | +2.0% |
| Accrued charges and deferred income | 492/3 | €5,266 | €14,686 | +€9,420 | +179% |
| Remuneration, social security and pensions | 62 | €23,052 | €23,604 | +€551 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,033 | €32,539 | -€494 | -1.5% |
| Other operating charges | 640/8 | €4,354 | €4,328 | -€26 | -0.6% |
| Gross operating margin | 9900 | €69,266 | €64,507 | -€4,759 | -6.9% |
| Operating profit (loss) | 9901 | €8,826 | €4,036 | -€4,790 | -54.3% |
| Financial income | 75/76B | €9,626 | €9,499 | -€127 | -1.3% |
| Recurring financial income | 75 | €9,626 | €9,499 | -€127 | -1.3% |
| Financial charges | 65/66B | €8,579 | €7,808 | -€771 | -9.0% |
| Recurring financial charges | 65 | €8,579 | €7,808 | -€771 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €9,874 | €5,727 | -€4,147 | -42.0% |
| Income taxes | 67/77 | €3,174 | €1,974 | -€1,200 | -37.8% |
| Profit (loss) for the period | 9904 | €6,700 | €3,753 | -€2,947 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,700 | €3,753 | -€2,947 | -44.0% |
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 13 October 2026 via checked.be.