BRENUS: 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.
BRENUS
Largest movements
- Cash -€800,027
down €800,027 (-96.9%), from €825,925 to €25,898
mainly Other debts (-€433,228) and Investment in fixed assets (net) (-€251,364)
- Financial fixed assets +€216,633
up €216,633, from €0 to €216,633
- Receivables within one year +€134,218
up €134,218 (+1,463%), from €9,172 to €143,390
of which Other amounts receivable: +€136,555
- Other debts -€433,228
down €433,228 (-76.2%), from €568,727 to €135,499
- Reserves -€12,906
down €12,906 (-6.2%), from €206,639 to €193,732
of which Tax-exempt reserves: -€12,906
- Financial charges -€18,616
down €18,616 (-99.0%), from €18,795 to €179
of which Non-recurring financial charges: -€18,435
- Financial income -€11,667
down €11,667 (-63.0%), from €18,514 to €6,847
- Depreciation +€4,664
up €4,664 (+11.9%), from €39,338 to €44,002
- Gross operating margin +€2,590
up €2,590 (+17.1%), from €15,150 to €17,739
- Other operating charges +€1,145
up €1,145 (+17.7%), from €6,486 to €7,632
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 | €1,154,727 | €696,340 | -€458,387 | -39.7% |
| Fixed assets | 21/28 | €312,934 | €520,295 | +€207,362 | +66.3% |
| Tangible fixed assets | 22/27 | €312,934 | €303,662 | -€9,271 | -3.0% |
| Land and buildings | 22 | €292,712 | €261,905 | -€30,807 | -10.5% |
| Plant, machinery and equipment | 23 | €13,899 | €6,896 | -€7,004 | -50.4% |
| Furniture and vehicles | 24 | €6,322 | €34,862 | +€28,539 | +451% |
| Financial fixed assets | 28 | €0 | €216,633 | +€216,633 | |
| Current assets | 29/58 | €841,793 | €176,044 | -€665,749 | -79.1% |
| Amounts receivable within one year | 40/41 | €9,172 | €143,390 | +€134,218 | +1,463% |
| Trade receivables | 40 | €3,500 | €1,163 | -€2,337 | -66.8% |
| Other amounts receivable | 41 | €5,672 | €142,227 | +€136,555 | +2,408% |
| Cash at bank and in hand | 54/58 | €825,925 | €25,898 | -€800,027 | -96.9% |
| Deferred charges and accrued income | 490/1 | €6,696 | €6,756 | +€59 | +0.9% |
| Total equity and liabilities | 10/49 | €1,154,727 | €696,340 | -€458,387 | -39.7% |
| Equity | 10/15 | €511,447 | €490,431 | -€21,016 | -4.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €206,639 | €193,732 | -€12,906 | -6.2% |
| Non-distributable reserves | 130/1 | €16,824 | €16,824 | = | 0.0% |
| Legal reserve | 130 | €16,824 | €16,824 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,814 | €134,908 | -€12,906 | -8.7% |
| Distributable reserves | 133 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,308 | €235,199 | -€8,109 | -3.3% |
| Provisions and deferred taxes | 16 | €66,458 | €59,812 | -€6,646 | -10.0% |
| Deferred taxes | 168 | €66,458 | €59,812 | -€6,646 | -10.0% |
| Amounts payable | 17/49 | €576,822 | €146,097 | -€430,725 | -74.7% |
| Amounts payable within one year | 42/48 | €576,092 | €145,577 | -€430,514 | -74.7% |
| Trade debts | 44 | €6,965 | €8,499 | +€1,534 | +22.0% |
| Suppliers | 440/4 | €6,965 | €8,499 | +€1,534 | +22.0% |
| Taxes, remuneration and social security | 45 | €399 | €1,579 | +€1,180 | +296% |
| Taxes | 450/3 | €399 | €1,579 | +€1,180 | +296% |
| Other amounts payable | 47/48 | €568,727 | €135,499 | -€433,228 | -76.2% |
| Accrued charges and deferred income | 492/3 | €730 | €519 | -€211 | -28.9% |
| Non-recurring operating income | 76A | €3,500 | - | -€3,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,338 | €44,002 | +€4,664 | +11.9% |
| Other operating charges | 640/8 | €6,486 | €7,632 | +€1,145 | +17.7% |
| Gross operating margin | 9900 | €15,150 | €17,739 | +€2,590 | +17.1% |
| Operating profit (loss) | 9901 | -€30,675 | -€33,895 | -€3,220 | -10.5% |
| Financial income | 75/76B | €18,514 | €6,847 | -€11,667 | -63.0% |
| Recurring financial income | 75 | €18,514 | €6,847 | -€11,667 | -63.0% |
| Financial charges | 65/66B | €18,795 | €179 | -€18,616 | -99.0% |
| Recurring financial charges | 65 | €360 | €179 | -€181 | -50.3% |
| Non-recurring financial charges | 66B | €18,435 | - | -€18,435 | |
| Profit (loss) for the period before taxes | 9903 | -€30,956 | -€27,227 | +€3,729 | +12.0% |
| Transfer from deferred taxes | 780 | €6,646 | €6,646 | = | 0.0% |
| Income taxes | 67/77 | €273 | €435 | +€162 | +59.3% |
| Profit (loss) for the period | 9904 | -€24,583 | -€21,016 | +€3,568 | +14.5% |
| Transfer from tax-exempt reserves | 789 | €12,906 | €12,906 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,677 | -€8,109 | +€3,568 | +30.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.