BREPOLS GROUP: 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.
What changed
BREPOLS GROUP
NACE 64.210, Activities of holding companies
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€4.5m
2025 · €1.1m+€3.4m
Equity
€26.5m
2025 · €22.0m+€4.5m
Cash
€200,601
2025 · €1,212+€199,389
Balance sheet total
€58.4m
2025 · €58.3m+€74,597
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€4.3m
up €4.3m, from -€1.0m to €3.3m
- Short-term financial debts -€3.4m
down €3.4m (-34.0%), from €10.0m to €6.6m
Income statement
- Financial income +€3.2m
up €3.2m (+128%), from €2.5m to €5.7m
From the 2025 result to the 2026 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 2025
€1.1m
Other operating charges
-€120
Other operating items
-€62,788
Financial income
+€3.2m
Financial charges
+€281,187
Result 2026
€4.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€4.0m
Investment
€0
Financing
-€3.8m
Cash 2025
€1,212
From operations (derived)
+€4.0m
Net result for the year
+€4.5m
Receivables within one year
+€125,089
Deferred charges and accrued income
-€298
Trade debts
-€52,543
Other debts
-€399,409
Accrued charges and deferred income
-€197,263
Financing
-€3.8m
Debts after one year
-€374,317
Short-term financial debts
-€3.4m
Cash 2026
€200,601
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,320,132 | €58,394,729 | +€74,597 | +0.1% |
| Fixed assets | 21/28 | €58,184,633 | €58,184,633 | = | 0.0% |
| Financial fixed assets | 28 | €58,184,633 | €58,184,633 | = | 0.0% |
| Affiliated companies | 280/1 | €58,179,676 | €58,179,676 | = | 0.0% |
| Participating interests | 280 | €58,179,676 | €58,179,676 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,958 | €4,958 | = | 0.0% |
| Shares | 284 | €4,958 | €4,958 | = | 0.0% |
| Current assets | 29/58 | €135,499 | €210,096 | +€74,597 | +55.1% |
| Amounts receivable within one year | 40/41 | €130,869 | €5,779 | -€125,089 | -95.6% |
| Trade receivables | 40 | €125,033 | - | -€125,033 | |
| Other amounts receivable | 41 | €5,835 | €5,779 | -€56 | -1.0% |
| Cash at bank and in hand | 54/58 | €1,212 | €200,601 | +€199,389 | +16,455% |
| Deferred charges and accrued income | 490/1 | €3,418 | €3,716 | +€298 | +8.7% |
| Total equity and liabilities | 10/49 | €58,320,132 | €58,394,729 | +€74,597 | +0.1% |
| Equity | 10/15 | €21,989,710 | €26,487,840 | +€4.5m | +20.5% |
| Contributions | 10/11 | €6,504,653 | €6,504,653 | = | 0.0% |
| Capital | 10 | €6,504,653 | €6,504,653 | = | 0.0% |
| Issued capital | 100 | €6,504,653 | €6,504,653 | = | 0.0% |
| Revaluation surpluses | 12 | €14,874,423 | €14,874,423 | = | 0.0% |
| Reserves | 13 | €1,641,477 | €1,814,842 | +€173,364 | +10.6% |
| Non-distributable reserves | 130/1 | €374,428 | €547,793 | +€173,364 | +46.3% |
| Legal reserve | 130 | €362,639 | €536,004 | +€173,364 | +47.8% |
| Other | 1319 | €11,789 | €11,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,267,049 | €1,267,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,030,843 | €3,293,923 | +€4.3m | |
| Amounts payable | 17/49 | €36,330,422 | €31,906,890 | -€4.4m | -12.2% |
| Amounts payable after more than one year | 17 | €25,501,169 | €25,126,852 | -€374,317 | -1.5% |
| Financial debts | 170/4 | €25,501,169 | €25,126,852 | -€374,317 | -1.5% |
| Subordinated loans | 170 | €18,501,169 | €18,126,852 | -€374,317 | -2.0% |
| Credit institutions | 173 | €7,000,000 | €7,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,452,766 | €6,600,813 | -€3.9m | -36.9% |
| Financial debts | 43 | €10,000,000 | €6,600,000 | -€3.4m | -34.0% |
| Credit institutions | 430/8 | €10,000,000 | €6,600,000 | -€3.4m | -34.0% |
| Trade debts | 44 | €52,543 | - | -€52,543 | |
| Suppliers | 440/4 | €52,543 | - | -€52,543 | |
| Other amounts payable | 47/48 | €400,222 | €813 | -€399,409 | -99.8% |
| Accrued charges and deferred income | 492/3 | €376,488 | €179,225 | -€197,263 | -52.4% |
| Operating income | 70/76A | €180,000 | €180,129 | +€129 | +0.1% |
| Other operating income | 74 | €180,000 | €180,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €129 | +€129 | |
| Operating charges | 60/66A | €145,928 | €208,965 | +€63,037 | +43.2% |
| Services and other goods | 61 | €145,838 | €208,755 | +€62,917 | +43.1% |
| Other operating charges | 640/8 | €90 | €210 | +€120 | +133% |
| Operating profit (loss) | 9901 | €34,072 | -€28,836 | -€62,908 | |
| Financial income | 75/76B | €2,500,000 | €5,694,643 | +€3.2m | +128% |
| Recurring financial income | 75 | €2,500,000 | €5,694,643 | +€3.2m | +128% |
| Income from financial fixed assets | 750 | €2,500,000 | €5,690,000 | +€3.2m | +128% |
| Income from current assets | 751 | - | €4,643 | +€4,643 | |
| Financial charges | 65/66B | €1,448,864 | €1,167,677 | -€281,187 | -19.4% |
| Recurring financial charges | 65 | €1,448,864 | €1,167,677 | -€281,187 | -19.4% |
| Debt charges | 650 | €1,445,499 | €1,167,677 | -€277,823 | -19.2% |
| Other financial charges | 652/9 | €3,364 | - | -€3,364 | |
| Profit (loss) for the period before taxes | 9903 | €1,085,208 | €4,498,130 | +€3.4m | +314% |
| Profit (loss) for the period | 9904 | €1,085,208 | €4,498,130 | +€3.4m | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €1,085,208 | €4,498,130 | +€3.4m | +314% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.