BRESCO: 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.
BRESCO
Largest movements
- Intangible fixed assets -€902,006
down €902,006 (-43.3%), from €2.1m to €1.2m
- Financial fixed assets -€864,232
down €864,232 (-100.0%), from €864,232 to €0
- Receivables within one year +€601,291
up €601,291 (+122682.4%), from €490 to €601,781
- Cash -€35,062
down €35,062 (-14.6%), from €240,196 to €205,134
mainly Net result for the year (-€2.3m) and Receivables within one year (-€601,291)
- Profit (loss) carried forward -€2.3m
down €2.3m (-14.5%), from -€15.7m to -€18.0m
- Other debts +€1.1m
up €1.1m (+37.8%), from €2.8m to €3.9m
- Financial charges +€2.2m
up €2.2m (+1515.8%), from €146,393 to €2.4m
of which Non-recurring financial charges: +€2.2m
- Gross operating margin +€70,440
up €70,440 (+58.0%), from €121,480 to €191,920
- Depreciation -€26,999
down €26,999 (-23.3%), from €115,710 to €88,711
- Other operating charges +€5,031
up €5,031 (+28.8%), from €17,463 to €22,494
- Financial income -€4,149
down €4,149 (-50.6%), from €8,204 to €4,055
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 | €3,186,368 | €1,986,360 | -€1.2m | -37.7% |
| Fixed assets | 21/28 | €2,945,682 | €1,179,444 | -€1.8m | -60.0% |
| Intangible fixed assets | 21 | €2,081,450 | €1,179,444 | -€902,006 | -43.3% |
| Financial fixed assets | 28 | €864,232 | €0 | -€864,232 | -100.0% |
| Current assets | 29/58 | €240,686 | €806,916 | +€566,230 | +235.3% |
| Amounts receivable within one year | 40/41 | €490 | €601,781 | +€601,291 | +122682.4% |
| Other amounts receivable | 41 | €490 | €601,781 | +€601,291 | +122682.4% |
| Cash at bank and in hand | 54/58 | €240,196 | €205,134 | -€35,062 | -14.6% |
| Total equity and liabilities | 10/49 | €3,186,368 | €1,986,360 | -€1.2m | -37.7% |
| Equity | 10/15 | €338,389 | -€1,942,255 | -€2.3m | |
| Contributions | 10/11 | €16,055,210 | €16,055,210 | = | 0.0% |
| Capital | 10 | €16,055,210 | €16,055,210 | = | 0.0% |
| Issued capital | 100 | €16,055,210 | €16,055,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,716,821 | -€17,997,465 | -€2.3m | -14.5% |
| Amounts payable | 17/49 | €2,847,979 | €3,928,615 | +€1.1m | +37.9% |
| Amounts payable within one year | 42/48 | €2,847,979 | €3,928,615 | +€1.1m | +37.9% |
| Trade debts | 44 | €10,794 | €20,042 | +€9,247 | +85.7% |
| Suppliers | 440/4 | €10,794 | €20,042 | +€9,247 | +85.7% |
| Other amounts payable | 47/48 | €2,837,185 | €3,908,573 | +€1.1m | +37.8% |
| Non-recurring operating income | 76A | - | €240,494 | +€240,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,710 | €88,711 | -€26,999 | -23.3% |
| Other operating charges | 640/8 | €17,463 | €22,494 | +€5,031 | +28.8% |
| Gross operating margin | 9900 | €121,480 | €191,920 | +€70,440 | +58.0% |
| Operating profit (loss) | 9901 | -€11,692 | €80,716 | +€92,408 | |
| Financial income | 75/76B | €8,204 | €4,055 | -€4,149 | -50.6% |
| Recurring financial income | 75 | €8,204 | €4,055 | -€4,149 | -50.6% |
| Financial charges | 65/66B | €146,393 | €2,365,414 | +€2.2m | +1515.8% |
| Recurring financial charges | 65 | €146,393 | €120,755 | -€25,638 | -17.5% |
| Non-recurring financial charges | 66B | - | €2,244,659 | +€2.2m | |
| Profit (loss) for the period before taxes | 9903 | -€149,882 | -€2,280,644 | -€2.1m | -1421.6% |
| Profit (loss) for the period | 9904 | -€149,882 | -€2,280,644 | -€2.1m | -1421.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€149,882 | -€2,280,644 | -€2.1m | -1421.6% |
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 6 October 2026 via checked.be.