Bresor: 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.
Bresor
Largest movements
- Cash +€354,478
up €354,478 (+597.7%), from €59,311 to €413,789
mainly Net result for the year (+€230,992) and Trade debts (+€120,666)
- Tangible fixed assets -€220,829
down €220,829 (-60.1%), from €367,347 to €146,518
of which Land and buildings: -€215,928
- Formation expenses +€38,069
new in 2025: €38,069
- Receivables within one year +€38,013
up €38,013 (+14.6%), from €260,763 to €298,776
of which Trade receivables: +€43,902
- Profit (loss) carried forward +€217,462
up €217,462 (+37.7%), from -€576,233 to -€358,771
- Reserves -€216,493
down €216,493 (-19.4%), from €1.1m to €902,159
of which Distributable reserves: -€379,950
- Trade debts +€120,666
up €120,666 (+25.8%), from €468,555 to €589,221
- Provisions +€54,486
new in 2025: €54,486
- Debts after one year +€32,874
new in 2025: €32,874
- Gross operating margin +€293,065
up €293,065 (+54.9%), from €533,833 to €826,898
- Depreciation -€45,759
down €45,759 (-41.4%), from €110,657 to €64,898
- Staff costs -€21,992
down €21,992 (-4.5%), from €486,551 to €464,559
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 | €1,128,612 | €1,352,087 | +€223,476 | +19.8% |
| Formation expenses | 20 | - | €38,069 | +€38,069 | |
| Fixed assets | 21/28 | €367,347 | €146,518 | -€220,829 | -60.1% |
| Tangible fixed assets | 22/27 | €367,347 | €146,518 | -€220,829 | -60.1% |
| Land and buildings | 22 | €215,928 | €0 | -€215,928 | -100.0% |
| Plant, machinery and equipment | 23 | €68,130 | €44,795 | -€23,334 | -34.3% |
| Furniture and vehicles | 24 | €63,289 | €82,805 | +€19,516 | +30.8% |
| Leasing and similar rights | 25 | €20,000 | €12,000 | -€8,000 | -40.0% |
| Other tangible fixed assets | 26 | - | €6,918 | +€6,918 | |
| Current assets | 29/58 | €761,265 | €1,167,501 | +€406,236 | +53.4% |
| Stocks and contracts in progress | 3 | €408,867 | €415,548 | +€6,681 | +1.6% |
| Stocks | 30/36 | €408,867 | €415,548 | +€6,681 | +1.6% |
| Amounts receivable within one year | 40/41 | €260,763 | €298,776 | +€38,013 | +14.6% |
| Trade receivables | 40 | €253,914 | €297,816 | +€43,902 | +17.3% |
| Other amounts receivable | 41 | €6,848 | €959 | -€5,889 | -86.0% |
| Cash at bank and in hand | 54/58 | €59,311 | €413,789 | +€354,478 | +597.7% |
| Deferred charges and accrued income | 490/1 | €32,325 | €39,389 | +€7,064 | +21.9% |
| Total equity and liabilities | 10/49 | €1,128,612 | €1,352,087 | +€223,476 | +19.8% |
| Equity | 10/15 | €616,787 | €598,195 | -€18,592 | -3.0% |
| Contributions | 10/11 | €74,368 | €54,807 | -€19,561 | -26.3% |
| Reserves | 13 | €1,118,652 | €902,159 | -€216,493 | -19.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | €163,457 | +€163,457 | |
| Distributable reserves | 133 | €1,118,652 | €738,702 | -€379,950 | -34.0% |
| Profit (loss) carried forward | 14 | -€576,233 | -€358,771 | +€217,462 | +37.7% |
| Provisions and deferred taxes | 16 | - | €54,486 | +€54,486 | |
| Deferred taxes | 168 | - | €54,486 | +€54,486 | |
| Amounts payable | 17/49 | €511,825 | €699,406 | +€187,582 | +36.6% |
| Amounts payable after more than one year | 17 | - | €32,874 | +€32,874 | |
| Financial debts | 170/4 | - | €32,874 | +€32,874 | |
| Amounts payable within one year | 42/48 | €511,825 | €666,533 | +€154,708 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | - | €9,469 | +€9,469 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €468,555 | €589,221 | +€120,666 | +25.8% |
| Suppliers | 440/4 | €468,555 | €589,221 | +€120,666 | +25.8% |
| Taxes, remuneration and social security | 45 | €42,742 | €41,601 | -€1,141 | -2.7% |
| Taxes | 450/3 | €576 | €5,903 | +€5,327 | +925.6% |
| Remuneration and social security | 454/9 | €42,166 | €35,698 | -€6,468 | -15.3% |
| Other amounts payable | 47/48 | €528 | €26,242 | +€25,714 | +4872.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €486,551 | €464,559 | -€21,992 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,657 | €64,898 | -€45,759 | -41.4% |
| Other operating charges | 640/8 | €1,633 | €5,461 | +€3,828 | +234.3% |
| Gross operating margin | 9900 | €533,833 | €826,898 | +€293,065 | +54.9% |
| Operating profit (loss) | 9901 | -€65,008 | €291,980 | +€356,988 | |
| Financial charges | 65/66B | €9,238 | €6,133 | -€3,105 | -33.6% |
| Recurring financial charges | 65 | €9,238 | €6,133 | -€3,105 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | -€74,246 | €285,848 | +€360,094 | |
| Transfer to deferred taxes | 680 | - | €54,486 | +€54,486 | |
| Income taxes | 67/77 | €362 | €369 | +€8 | +2.2% |
| Profit (loss) for the period | 9904 | -€74,608 | €230,992 | +€305,600 | |
| Transfer to tax-exempt reserves | 689 | - | €163,457 | +€163,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,608 | €67,536 | +€142,144 |
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 8 October 2026 via checked.be.