Brepo: 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.
What changed
Brepo
NACE 46.341, Wholesale of wines and spirits
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€487,389
2024 · €156,182+€331,207
Equity
€4.9m
2024 · €4.4m+€487,389
Cash
€6,699
2024 · €4,511+€2,188
Balance sheet total
€9.2m
2024 · €9.2m-€9,145
Largest movements
Assets
- Tangible fixed assets -€138,646
down €138,646 (-2.1%), from €6.5m to €6.4m
of which Land and buildings: -€93,758
- Intangible fixed assets +€119,945
up €119,945 (+1147.3%), from €10,454 to €130,399
Equity and liabilities
- Profit (loss) carried forward +€487,389
up €487,389 (+710.2%), from €68,627 to €556,016
- Other debts -€282,710
down €282,710 (-24.0%), from €1.2m to €894,368
- Debts after one year -€172,772
down €172,772 (-5.5%), from €3.1m to €3.0m
of which Financial debts: -€195,567
Income statement
- Financial income +€372,120
up €372,120 (+5511.8%), from €6,751 to €378,872
- Gross operating margin -€57,053
down €57,053 (-7.6%), from €748,155 to €691,102
- Financial charges -€19,481
down €19,481 (-17.0%), from €114,335 to €94,853
- Staff costs +€16,215
up €16,215 (+6.2%), from €260,841 to €277,055
- Taxes -€15,779
down €15,779 (-26.4%), from €59,777 to €43,998
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.
Result 2024
€156,182
Gross operating margin
-€57,053
Staff costs
-€16,215
Depreciation
-€5,900
Other operating charges
+€2,994
Financial income
+€372,120
Financial charges
+€19,481
Taxes
+€15,779
Result 2025
€487,389
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.
From operations
+€457,695
Investment
-€222,325
Financing
-€233,182
Cash 2024
€4,511
From operations (derived)
+€457,695
Net result for the year
+€487,389
Depreciation
+€152,577
Receivables within one year
+€80,363
Deferred charges and accrued income
+€719
Trade debts
+€28,952
Tax, wage and social debts
-€9,594
Other debts
-€282,710
Investment (derived)
-€222,325
Investment in fixed assets (net)
-€222,325
Financing
-€233,182
Debts after one year
-€172,772
Current portion of long-term debt
-€56,983
Short-term financial debts
-€3,428
Cash 2025
€6,699
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,233,247 | €9,224,101 | -€9,145 | -0.1% |
| Fixed assets | 21/28 | €8,871,604 | €8,941,352 | +€69,748 | +0.8% |
| Intangible fixed assets | 21 | €10,454 | €130,399 | +€119,945 | +1147.3% |
| Tangible fixed assets | 22/27 | €6,517,655 | €6,379,009 | -€138,646 | -2.1% |
| Land and buildings | 22 | €5,902,888 | €5,809,130 | -€93,758 | -1.6% |
| Plant, machinery and equipment | 23 | €612,890 | €568,908 | -€43,983 | -7.2% |
| Furniture and vehicles | 24 | €1,877 | €971 | -€906 | -48.3% |
| Financial fixed assets | 28 | €2,343,495 | €2,431,945 | +€88,450 | +3.8% |
| Current assets | 29/58 | €361,643 | €282,749 | -€78,893 | -21.8% |
| Amounts receivable within one year | 40/41 | €351,420 | €271,057 | -€80,363 | -22.9% |
| Trade receivables | 40 | €123,542 | €103,120 | -€20,423 | -16.5% |
| Other amounts receivable | 41 | €227,878 | €167,938 | -€59,940 | -26.3% |
| Cash at bank and in hand | 54/58 | €4,511 | €6,699 | +€2,188 | +48.5% |
| Deferred charges and accrued income | 490/1 | €5,711 | €4,993 | -€719 | -12.6% |
| Total equity and liabilities | 10/49 | €9,233,247 | €9,224,101 | -€9,145 | -0.1% |
| Equity | 10/15 | €4,387,970 | €4,875,359 | +€487,389 | +11.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €3,131,722 | €3,131,722 | = | 0.0% |
| Reserves | 13 | €1,125,648 | €1,125,648 | = | 0.0% |
| Tax-exempt reserves | 132 | €709,490 | €709,490 | = | 0.0% |
| Distributable reserves | 133 | €416,158 | €416,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,627 | €556,016 | +€487,389 | +710.2% |
| Amounts payable | 17/49 | €4,845,277 | €4,348,742 | -€496,535 | -10.2% |
| Amounts payable after more than one year | 17 | €3,123,295 | €2,950,524 | -€172,772 | -5.5% |
| Financial debts | 170/4 | €2,967,573 | €2,772,006 | -€195,567 | -6.6% |
| Other amounts payable | 178/9 | €155,722 | €178,518 | +€22,795 | +14.6% |
| Amounts payable within one year | 42/48 | €1,721,982 | €1,398,219 | -€323,763 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €340,146 | €283,164 | -€56,983 | -16.8% |
| Financial debts | 43 | €20,289 | €16,862 | -€3,428 | -16.9% |
| Credit institutions | 430/8 | €20,289 | €16,862 | -€3,428 | -16.9% |
| Trade debts | 44 | €32,541 | €61,493 | +€28,952 | +89.0% |
| Suppliers | 440/4 | €32,541 | €61,493 | +€28,952 | +89.0% |
| Taxes, remuneration and social security | 45 | €151,926 | €142,332 | -€9,594 | -6.3% |
| Taxes | 450/3 | €91,988 | €70,762 | -€21,226 | -23.1% |
| Remuneration and social security | 454/9 | €59,938 | €71,570 | +€11,632 | +19.4% |
| Other amounts payable | 47/48 | €1,177,078 | €894,368 | -€282,710 | -24.0% |
| Non-recurring operating income | 76A | - | €7,539 | +€7,539 | |
| Remuneration, social security and pensions | 62 | €260,841 | €277,055 | +€16,215 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,677 | €152,577 | +€5,900 | +4.0% |
| Other operating charges | 640/8 | €17,095 | €14,101 | -€2,994 | -17.5% |
| Gross operating margin | 9900 | €748,155 | €691,102 | -€57,053 | -7.6% |
| Operating profit (loss) | 9901 | €323,542 | €247,369 | -€76,173 | -23.5% |
| Financial income | 75/76B | €6,751 | €378,872 | +€372,120 | +5511.8% |
| Recurring financial income | 75 | €6,751 | €378,872 | +€372,120 | +5511.8% |
| Financial charges | 65/66B | €114,335 | €94,853 | -€19,481 | -17.0% |
| Recurring financial charges | 65 | €114,335 | €94,853 | -€19,481 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €215,959 | €531,387 | +€315,428 | +146.1% |
| Income taxes | 67/77 | €59,777 | €43,998 | -€15,779 | -26.4% |
| Profit (loss) for the period | 9904 | €156,182 | €487,389 | +€331,207 | +212.1% |
| Profit (loss) for the period to be appropriated | 9905 | €156,182 | €487,389 | +€331,207 | +212.1% |
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 5 October 2026 via checked.be.