Brenovation: 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.
Brenovation
Largest movements
- Tangible fixed assets +€9,658
up €9,658 (+28.8%), from €33,590 to €43,248
of which Furniture and vehicles: +€10,241
- Receivables within one year -€9,378
down €9,378 (-61.0%), from €15,374 to €5,996
of which Trade receivables: -€8,320
- Cash -€3,848
down €3,848 (-40.8%), from €9,440 to €5,592
mainly Investment in fixed assets (net) (-€14,041) and Debts after one year (-€5,013)
- Debts after one year -€5,013
down €5,013 (-51.3%), from €9,779 to €4,765
- Reserves +€625
up €625 (+1.6%), from €39,195 to €39,820
- Gross operating margin -€27,478
down €27,478 (-80.0%), from €34,350 to €6,871
- Taxes -€5,135
down €5,135 (-93.8%), from €5,475 to €340
- Depreciation -€2,088
down €2,088 (-32.3%), from €6,471 to €4,383
- Financial charges +€493
up €493 (+283.9%), from €174 to €667
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 | €58,404 | €54,836 | -€3,568 | -6.1% |
| Fixed assets | 21/28 | €33,590 | €43,248 | +€9,658 | +28.8% |
| Tangible fixed assets | 22/27 | €33,590 | €43,248 | +€9,658 | +28.8% |
| Plant, machinery and equipment | 23 | €23,281 | €22,698 | -€583 | -2.5% |
| Furniture and vehicles | 24 | €10,308 | €20,550 | +€10,241 | +99.4% |
| Current assets | 29/58 | €24,814 | €11,588 | -€13,226 | -53.3% |
| Amounts receivable within one year | 40/41 | €15,374 | €5,996 | -€9,378 | -61.0% |
| Trade receivables | 40 | €12,429 | €4,109 | -€8,320 | -66.9% |
| Other amounts receivable | 41 | €2,946 | €1,887 | -€1,059 | -35.9% |
| Cash at bank and in hand | 54/58 | €9,440 | €5,592 | -€3,848 | -40.8% |
| Total equity and liabilities | 10/49 | €58,404 | €54,836 | -€3,568 | -6.1% |
| Equity | 10/15 | €42,195 | €42,820 | +€625 | +1.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,195 | €39,820 | +€625 | +1.6% |
| Distributable reserves | 133 | €39,195 | €39,820 | +€625 | +1.6% |
| Amounts payable | 17/49 | €16,209 | €12,016 | -€4,194 | -25.9% |
| Amounts payable after more than one year | 17 | €9,779 | €4,765 | -€5,013 | -51.3% |
| Financial debts | 170/4 | €9,779 | €4,765 | -€5,013 | -51.3% |
| Amounts payable within one year | 42/48 | €6,431 | €7,250 | +€820 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €4,827 | €5,013 | +€186 | +3.9% |
| Trade debts | 44 | €263 | €612 | +€349 | +132.4% |
| Suppliers | 440/4 | €263 | €612 | +€349 | +132.4% |
| Taxes, remuneration and social security | 45 | - | €162 | +€162 | |
| Taxes | 450/3 | - | €162 | +€162 | |
| Other amounts payable | 47/48 | €1,340 | €1,463 | +€123 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,471 | €4,383 | -€2,088 | -32.3% |
| Other operating charges | 640/8 | €603 | €898 | +€295 | +48.9% |
| Gross operating margin | 9900 | €34,350 | €6,871 | -€27,478 | -80.0% |
| Operating profit (loss) | 9901 | €27,275 | €1,590 | -€25,685 | -94.2% |
| Financial income | 75/76B | €9 | €43 | +€33 | +365.0% |
| Recurring financial income | 75 | €9 | €43 | +€33 | +365.0% |
| Financial charges | 65/66B | €174 | €667 | +€493 | +283.9% |
| Recurring financial charges | 65 | €174 | €667 | +€493 | +283.9% |
| Profit (loss) for the period before taxes | 9903 | €27,111 | €965 | -€26,145 | -96.4% |
| Income taxes | 67/77 | €5,475 | €340 | -€5,135 | -93.8% |
| Profit (loss) for the period | 9904 | €21,635 | €625 | -€21,010 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,635 | €625 | -€21,010 | -97.1% |
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 2 October 2026 via checked.be.