BREPAL: 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.
BREPAL
Largest movements
- Stocks and contracts +€60,739
up €60,739 (+39.1%), from €155,292 to €216,031
- Tangible fixed assets -€17,088
down €17,088 (-3.6%), from €478,755 to €461,667
of which Other tangible fixed assets: -€9,029
- Trade debts +€38,784
up €38,784 (+211.9%), from €18,307 to €57,091
- Tax, wage and social debts -€30,394
down €30,394 (-45.4%), from €66,882 to €36,488
of which Taxes: -€27,894
- Reserves +€19,969
up €19,969 (+6.6%), from €301,805 to €321,774
- Current portion of long-term debt +€10,868
up €10,868 (+28.5%), from €38,192 to €49,059
- Financial income -€31,783
down €31,783 (-99.4%), from €31,965 to €182
- Gross operating margin +€7,932
up €7,932 (+13.3%), from €59,439 to €67,371
- Taxes +€5,586
up €5,586 (+106.8%), from €5,228 to €10,814
- Depreciation -€806
down €806 (-4.2%), from €19,229 to €18,424
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 | €671,779 | €704,832 | +€33,053 | +4.9% |
| Fixed assets | 21/28 | €488,871 | €471,783 | -€17,088 | -3.5% |
| Tangible fixed assets | 22/27 | €478,755 | €461,667 | -€17,088 | -3.6% |
| Land and buildings | 22 | €281,901 | €280,337 | -€1,564 | -0.6% |
| Plant, machinery and equipment | 23 | €1,531 | €139 | -€1,393 | -91.0% |
| Furniture and vehicles | 24 | €19,359 | €14,257 | -€5,102 | -26.4% |
| Other tangible fixed assets | 26 | €175,965 | €166,936 | -€9,029 | -5.1% |
| Financial fixed assets | 28 | €10,116 | €10,116 | = | 0.0% |
| Current assets | 29/58 | €182,908 | €233,049 | +€50,141 | +27.4% |
| Stocks and contracts in progress | 3 | €155,292 | €216,031 | +€60,739 | +39.1% |
| Stocks | 30/36 | €155,292 | €216,031 | +€60,739 | +39.1% |
| Amounts receivable within one year | 40/41 | €7,074 | €106 | -€6,968 | -98.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,074 | €106 | -€6,968 | -98.5% |
| Cash at bank and in hand | 54/58 | €5,278 | €2,309 | -€2,969 | -56.3% |
| Deferred charges and accrued income | 490/1 | €15,264 | €14,603 | -€661 | -4.3% |
| Total equity and liabilities | 10/49 | €671,779 | €704,832 | +€33,053 | +4.9% |
| Equity | 10/15 | €302,399 | €322,369 | +€19,970 | +6.6% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €301,805 | €321,774 | +€19,969 | +6.6% |
| Distributable reserves | 133 | €301,805 | €321,774 | +€19,969 | +6.6% |
| Profit (loss) carried forward | 14 | €594 | €595 | +€1 | +0.2% |
| Amounts payable | 17/49 | €369,380 | €382,463 | +€13,083 | +3.5% |
| Amounts payable after more than one year | 17 | €129,813 | €124,120 | -€5,694 | -4.4% |
| Financial debts | 170/4 | €129,813 | €124,120 | -€5,694 | -4.4% |
| Amounts payable within one year | 42/48 | €238,167 | €256,943 | +€18,777 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €38,192 | €49,059 | +€10,868 | +28.5% |
| Financial debts | 43 | €92 | €1,050 | +€958 | +1044.6% |
| Credit institutions | 430/8 | €92 | €1,050 | +€958 | +1044.6% |
| Trade debts | 44 | €18,307 | €57,091 | +€38,784 | +211.9% |
| Suppliers | 440/4 | €18,307 | €57,091 | +€38,784 | +211.9% |
| Taxes, remuneration and social security | 45 | €66,882 | €36,488 | -€30,394 | -45.4% |
| Taxes | 450/3 | €64,382 | €36,488 | -€27,894 | -43.3% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €114,695 | €113,256 | -€1,439 | -1.3% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,400 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,229 | €18,424 | -€806 | -4.2% |
| Other operating charges | 640/8 | €7,526 | €7,813 | +€287 | +3.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €59,439 | €67,371 | +€7,932 | +13.3% |
| Operating profit (loss) | 9901 | €32,683 | €41,134 | +€8,451 | +25.9% |
| Financial income | 75/76B | €31,965 | €182 | -€31,783 | -99.4% |
| Recurring financial income | 75 | €31,965 | €182 | -€31,783 | -99.4% |
| Financial charges | 65/66B | €10,094 | €10,532 | +€438 | +4.3% |
| Recurring financial charges | 65 | €10,094 | €10,532 | +€438 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €54,554 | €30,784 | -€23,770 | -43.6% |
| Income taxes | 67/77 | €5,228 | €10,814 | +€5,586 | +106.8% |
| Profit (loss) for the period | 9904 | €49,326 | €19,970 | -€29,356 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,326 | €19,970 | -€29,356 | -59.5% |
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 29 September 2026 via checked.be.