BRENSO: 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.
BRENSO
Largest movements
- Cash -€12,791
down €12,791 (-76.1%), from €16,804 to €4,012
mainly Investment in fixed assets (net) (-€16,824) and Stocks and contracts (-€12,256)
- Stocks and contracts +€12,256
up €12,256 (+1544.7%), from €793 to €13,049
- Tangible fixed assets -€2,531
down €2,531 (-3.9%), from €65,270 to €62,740
of which Furniture and vehicles: -€9,776
- Deferred charges and accrued income -€1,459
down €1,459 (-72.6%), from €2,010 to €551
- Receivables within one year -€1,091
down €1,091 (-6.4%), from €17,096 to €16,005
of which Trade receivables: -€5,395
- Debts after one year -€8,623
down €8,623 (-26.9%), from €32,037 to €23,414
- Profit (loss) carried forward +€8,613
up €8,613 (+16.4%), from -€52,594 to -€43,981
- Tax, wage and social debts -€4,333
down €4,333 (-40.7%), from €10,648 to €6,315
- Trade debts -€1,669
down €1,669 (-19.7%), from €8,456 to €6,787
- Gross operating margin -€8,433
down €8,433 (-20.1%), from €42,046 to €33,613
- Depreciation +€6,987
up €6,987 (+56.5%), from €12,367 to €19,354
- Taxes -€1,892
down €1,892 (-40.0%), from €4,730 to €2,838
- Write-downs +€1,600
no longer reported in 2025 (was -€1,600)
- Other operating charges -€1,152
down €1,152 (-58.1%), from €1,982 to €830
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 | €101,974 | €96,357 | -€5,617 | -5.5% |
| Fixed assets | 21/28 | €65,270 | €62,740 | -€2,531 | -3.9% |
| Tangible fixed assets | 22/27 | €65,270 | €62,740 | -€2,531 | -3.9% |
| Plant, machinery and equipment | 23 | - | €14,454 | +€14,454 | |
| Furniture and vehicles | 24 | €43,484 | €33,708 | -€9,776 | -22.5% |
| Other tangible fixed assets | 26 | €21,786 | €14,578 | -€7,208 | -33.1% |
| Current assets | 29/58 | €36,704 | €33,617 | -€3,086 | -8.4% |
| Stocks and contracts in progress | 3 | €793 | €13,049 | +€12,256 | +1544.7% |
| Stocks | 30/36 | €793 | €13,049 | +€12,256 | +1544.7% |
| Amounts receivable within one year | 40/41 | €17,096 | €16,005 | -€1,091 | -6.4% |
| Trade receivables | 40 | €16,262 | €10,867 | -€5,395 | -33.2% |
| Other amounts receivable | 41 | €835 | €5,138 | +€4,304 | +515.7% |
| Cash at bank and in hand | 54/58 | €16,804 | €4,012 | -€12,791 | -76.1% |
| Deferred charges and accrued income | 490/1 | €2,010 | €551 | -€1,459 | -72.6% |
| Total equity and liabilities | 10/49 | €101,974 | €96,357 | -€5,617 | -5.5% |
| Equity | 10/15 | €41,006 | €49,619 | +€8,613 | +21.0% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Capital | 10 | €93,600 | €93,600 | = | 0.0% |
| Issued capital | 100 | €93,600 | €93,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,594 | -€43,981 | +€8,613 | +16.4% |
| Amounts payable | 17/49 | €60,968 | €46,738 | -€14,229 | -23.3% |
| Amounts payable after more than one year | 17 | €32,037 | €23,414 | -€8,623 | -26.9% |
| Financial debts | 170/4 | €32,037 | €23,414 | -€8,623 | -26.9% |
| Amounts payable within one year | 42/48 | €27,331 | €21,724 | -€5,607 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €8,227 | €8,623 | +€395 | +4.8% |
| Trade debts | 44 | €8,456 | €6,787 | -€1,669 | -19.7% |
| Suppliers | 440/4 | €8,456 | €6,787 | -€1,669 | -19.7% |
| Taxes, remuneration and social security | 45 | €10,648 | €6,315 | -€4,333 | -40.7% |
| Taxes | 450/3 | €10,648 | €6,315 | -€4,333 | -40.7% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,600 | = | 0.0% |
| Non-recurring operating income | 76A | €2,800 | - | -€2,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,367 | €19,354 | +€6,987 | +56.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,600 | - | +€1,600 | |
| Other operating charges | 640/8 | €1,982 | €830 | -€1,152 | -58.1% |
| Gross operating margin | 9900 | €42,046 | €33,613 | -€8,433 | -20.1% |
| Operating profit (loss) | 9901 | €29,297 | €13,429 | -€15,869 | -54.2% |
| Financial income | 75/76B | €3 | €170 | +€167 | +6060.1% |
| Recurring financial income | 75 | €3 | €170 | +€167 | +6060.1% |
| Financial charges | 65/66B | €2,508 | €2,148 | -€360 | -14.4% |
| Recurring financial charges | 65 | €2,508 | €2,148 | -€360 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €26,792 | €11,450 | -€15,341 | -57.3% |
| Income taxes | 67/77 | €4,730 | €2,838 | -€1,892 | -40.0% |
| Profit (loss) for the period | 9904 | €22,062 | €8,613 | -€13,449 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,062 | €8,613 | -€13,449 | -61.0% |
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 8 October 2026 via checked.be.