BRENR: 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.
BRENR
Largest movements
- Cash +€16,776
up €16,776 (+474.4%), from €3,536 to €20,312
mainly Net result for the year (+€54,270) and Other debts (+€44,162)
- Tangible fixed assets -€12,932
down €12,932 (-38.5%), from €33,555 to €20,623
- Receivables after one year +€7,028
up €7,028 (+14.1%), from €49,817 to €56,846
- Other debts +€44,162
up €44,162 (+188.7%), from €23,402 to €67,564
- Reserves -€20,240
down €20,240 (-53.0%), from €38,167 to €17,927
- Debts after one year -€10,813
down €10,813 (-100.0%), from €10,813 to €0
- Current portion of long-term debt -€4,993
down €4,993 (-31.6%), from €15,806 to €10,813
- Tax, wage and social debts +€2,222
up €2,222 (+9.9%), from €22,456 to €24,678
of which Remuneration and social security: +€2,679
- Gross operating margin +€31,901
up €31,901 (+61.8%), from €51,638 to €83,539
- Taxes +€6,157
up €6,157 (+59.8%), from €10,289 to €16,447
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 | €114,864 | €125,067 | +€10,203 | +8.9% |
| Fixed assets | 21/28 | €33,855 | €20,923 | -€12,932 | -38.2% |
| Tangible fixed assets | 22/27 | €33,555 | €20,623 | -€12,932 | -38.5% |
| Furniture and vehicles | 24 | €33,555 | €20,623 | -€12,932 | -38.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €81,009 | €104,144 | +€23,134 | +28.6% |
| Amounts receivable after more than one year | 29 | €49,817 | €56,846 | +€7,028 | +14.1% |
| Other amounts receivable | 291 | €49,817 | €56,846 | +€7,028 | +14.1% |
| Stocks and contracts in progress | 3 | €6,670 | €6,139 | -€531 | -8.0% |
| Stocks | 30/36 | €6,670 | €6,139 | -€531 | -8.0% |
| Amounts receivable within one year | 40/41 | €18,150 | €19,151 | +€1,001 | +5.5% |
| Trade receivables | 40 | €18,150 | €19,151 | +€1,001 | +5.5% |
| Cash at bank and in hand | 54/58 | €3,536 | €20,312 | +€16,776 | +474.4% |
| Deferred charges and accrued income | 490/1 | €2,836 | €1,697 | -€1,139 | -40.2% |
| Total equity and liabilities | 10/49 | €114,864 | €125,067 | +€10,203 | +8.9% |
| Equity | 10/15 | €41,167 | €20,927 | -€20,240 | -49.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €38,167 | €17,927 | -€20,240 | -53.0% |
| Distributable reserves | 133 | €38,167 | €17,927 | -€20,240 | -53.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,698 | €104,140 | +€30,443 | +41.3% |
| Amounts payable after more than one year | 17 | €10,813 | €0 | -€10,813 | -100.0% |
| Financial debts | 170/4 | €10,813 | €0 | -€10,813 | -100.0% |
| Amounts payable within one year | 42/48 | €62,885 | €104,140 | +€41,255 | +65.6% |
| Current portion of amounts payable after more than one year | 42 | €15,806 | €10,813 | -€4,993 | -31.6% |
| Trade debts | 44 | €1,222 | €1,086 | -€136 | -11.1% |
| Suppliers | 440/4 | €1,222 | €1,086 | -€136 | -11.1% |
| Taxes, remuneration and social security | 45 | €22,456 | €24,678 | +€2,222 | +9.9% |
| Taxes | 450/3 | €22,456 | €21,999 | -€457 | -2.0% |
| Remuneration and social security | 454/9 | - | €2,679 | +€2,679 | |
| Other amounts payable | 47/48 | €23,402 | €67,564 | +€44,162 | +188.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,932 | €12,932 | = | 0.0% |
| Other operating charges | 640/8 | €951 | €687 | -€263 | -27.7% |
| Gross operating margin | 9900 | €51,638 | €83,539 | +€31,901 | +61.8% |
| Operating profit (loss) | 9901 | €37,756 | €69,920 | +€32,164 | +85.2% |
| Financial income | 75/76B | €1,089 | €1,743 | +€654 | +60.1% |
| Recurring financial income | 75 | €1,089 | €1,743 | +€654 | +60.1% |
| Financial charges | 65/66B | €1,325 | €947 | -€379 | -28.6% |
| Recurring financial charges | 65 | €1,325 | €947 | -€379 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €37,519 | €70,716 | +€33,197 | +88.5% |
| Income taxes | 67/77 | €10,289 | €16,447 | +€6,157 | +59.8% |
| Profit (loss) for the period | 9904 | €27,230 | €54,270 | +€27,039 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,230 | €54,270 | +€27,039 | +99.3% |
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 7 October 2026 via checked.be.