Brensen: 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.
Brensen
Largest movements
- Current investments +€225,000
new in 2025: €225,000
- Cash -€81,849
down €81,849 (-64.1%), from €127,693 to €45,844
mainly Current investments (-€225,000) and Smaller working-capital items (-€802)
- Receivables within one year -€17,693
down €17,693 (-96.5%), from €18,331 to €638
of which Trade receivables: -€18,331
- Reserves +€119,872
up €119,872 (+129%), from €93,029 to €212,901
- Tax, wage and social debts +€7,186
up €7,186 (+14.3%), from €50,265 to €57,451
- Gross operating margin +€40,516
up €40,516 (+31.0%), from €130,495 to €171,011
- Taxes +€12,348
up €12,348 (+33.1%), from €37,273 to €49,621
- Other operating charges +€3,073
up €3,073 (+619%), from €496 to €3,569
- Financial income +€1,853
up €1,853 (+609%), from €304 to €2,157
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 | €146,025 | €271,953 | +€125,928 | +86.2% |
| Current assets | 29/58 | €146,025 | €271,953 | +€125,928 | +86.2% |
| Amounts receivable within one year | 40/41 | €18,331 | €638 | -€17,693 | -96.5% |
| Trade receivables | 40 | €18,331 | €0 | -€18,331 | -100% |
| Other amounts receivable | 41 | - | €638 | +€638 | |
| Current investments | 50/53 | - | €225,000 | +€225,000 | |
| Cash at bank and in hand | 54/58 | €127,693 | €45,844 | -€81,849 | -64.1% |
| Deferred charges and accrued income | 490/1 | - | €470 | +€470 | |
| Total equity and liabilities | 10/49 | €146,025 | €271,953 | +€125,928 | +86.2% |
| Equity | 10/15 | €94,029 | €213,901 | +€119,872 | +127% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €93,029 | €212,901 | +€119,872 | +129% |
| Distributable reserves | 133 | €93,029 | €212,901 | +€119,872 | +129% |
| Amounts payable | 17/49 | €51,995 | €58,051 | +€6,056 | +11.6% |
| Amounts payable within one year | 42/48 | €51,995 | €58,051 | +€6,056 | +11.6% |
| Trade debts | 44 | €932 | €601 | -€332 | -35.6% |
| Suppliers | 440/4 | €932 | €601 | -€332 | -35.6% |
| Taxes, remuneration and social security | 45 | €50,265 | €57,451 | +€7,186 | +14.3% |
| Taxes | 450/3 | €50,265 | €57,451 | +€7,186 | +14.3% |
| Other amounts payable | 47/48 | €798 | €0 | -€798 | -100% |
| Other operating charges | 640/8 | €496 | €3,569 | +€3,073 | +619% |
| Gross operating margin | 9900 | €130,495 | €171,011 | +€40,516 | +31.0% |
| Operating profit (loss) | 9901 | €129,998 | €167,442 | +€37,444 | +28.8% |
| Financial income | 75/76B | €304 | €2,157 | +€1,853 | +609% |
| Recurring financial income | 75 | €304 | €2,157 | +€1,853 | +609% |
| Financial charges | 65/66B | - | €106 | +€106 | |
| Recurring financial charges | 65 | - | €106 | +€106 | |
| Profit (loss) for the period before taxes | 9903 | €130,303 | €169,493 | +€39,190 | +30.1% |
| Income taxes | 67/77 | €37,273 | €49,621 | +€12,348 | +33.1% |
| Profit (loss) for the period | 9904 | €93,029 | €119,872 | +€26,842 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €93,029 | €119,872 | +€26,842 | +28.9% |
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.