BRENT MOREELS: 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.
BRENT MOREELS
Largest movements
- Cash -€6,974
down €6,974 (-75.5%), from €9,240 to €2,267
mainly Other debts (-€25,660) and Trade debts (-€7,623)
- Tangible fixed assets -€2,354
down €2,354 (-63.5%), from €3,708 to €1,354
of which Plant, machinery and equipment: -€2,878
- Receivables within one year -€1,487
down €1,487 (-12.6%), from €11,840 to €10,354
of which Other amounts receivable: -€882
- Deferred charges and accrued income -€481
no longer reported in 2025 (was €481)
- Other debts -€25,660
down €25,660 (-73.7%), from €34,811 to €9,151
- Profit (loss) carried forward +€13,109
up €13,109 (+49.2%), from -€26,640 to -€13,531
- Debts after one year +€10,000
new in 2025: €10,000
- Trade debts -€7,623
down €7,623 (-100%), from €7,623 to €0
- Accrued charges and deferred income -€542
down €542 (-34.2%), from €1,584 to €1,042
- Gross operating margin +€17,719
up €17,719, from -€166 to €17,553
- Financial charges -€1,144
down €1,144 (-70.4%), from €1,624 to €480
of which Non-recurring financial charges: -€1,049
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 | €25,269 | €13,974 | -€11,295 | -44.7% |
| Fixed assets | 21/28 | €3,708 | €1,354 | -€2,354 | -63.5% |
| Tangible fixed assets | 22/27 | €3,708 | €1,354 | -€2,354 | -63.5% |
| Plant, machinery and equipment | 23 | €3,708 | €830 | -€2,878 | -77.6% |
| Furniture and vehicles | 24 | - | €524 | +€524 | |
| Current assets | 29/58 | €21,561 | €12,620 | -€8,941 | -41.5% |
| Amounts receivable within one year | 40/41 | €11,840 | €10,354 | -€1,487 | -12.6% |
| Trade receivables | 40 | €10,958 | €10,354 | -€604 | -5.5% |
| Other amounts receivable | 41 | €882 | - | -€882 | |
| Cash at bank and in hand | 54/58 | €9,240 | €2,267 | -€6,974 | -75.5% |
| Deferred charges and accrued income | 490/1 | €481 | - | -€481 | |
| Total equity and liabilities | 10/49 | €25,269 | €13,974 | -€11,295 | -44.7% |
| Equity | 10/15 | -€21,640 | -€8,531 | +€13,109 | +60.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,640 | -€13,531 | +€13,109 | +49.2% |
| Amounts payable | 17/49 | €46,909 | €22,505 | -€24,403 | -52.0% |
| Amounts payable after more than one year | 17 | - | €10,000 | +€10,000 | |
| Financial debts | 170/4 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €45,325 | €11,463 | -€33,862 | -74.7% |
| Trade debts | 44 | €7,623 | €0 | -€7,623 | -100% |
| Suppliers | 440/4 | €7,623 | €0 | -€7,623 | -100% |
| Advances received on contracts in progress | 46 | €80 | - | -€80 | |
| Taxes, remuneration and social security | 45 | €2,811 | €2,312 | -€498 | -17.7% |
| Taxes | 450/3 | €2,811 | €2,312 | -€498 | -17.7% |
| Other amounts payable | 47/48 | €34,811 | €9,151 | -€25,660 | -73.7% |
| Accrued charges and deferred income | 492/3 | €1,584 | €1,042 | -€542 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,949 | €2,991 | +€42 | +1.4% |
| Other operating charges | 640/8 | €796 | €832 | +€36 | +4.5% |
| Non-recurring operating charges | 66A | €753 | - | -€753 | |
| Gross operating margin | 9900 | -€166 | €17,553 | +€17,719 | |
| Operating profit (loss) | 9901 | -€4,664 | €13,730 | +€18,394 | |
| Financial income | 75/76B | €159 | - | -€159 | |
| Recurring financial income | 75 | €159 | - | -€159 | |
| Financial charges | 65/66B | €1,624 | €480 | -€1,144 | -70.4% |
| Recurring financial charges | 65 | €575 | €480 | -€95 | -16.5% |
| Non-recurring financial charges | 66B | €1,049 | - | -€1,049 | |
| Profit (loss) for the period before taxes | 9903 | -€6,130 | €13,250 | +€19,379 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€6,269 | €13,109 | +€19,378 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,269 | €13,109 | +€19,378 |
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 19 October 2026 via checked.be.