BREST: 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.
BREST
Largest movements
- Cash -€277,537
down €277,537 (-54.7%), from €507,476 to €229,939
mainly Trade debts (-€187,289) and Receivables within one year (-€109,580)
- Receivables within one year +€109,580
up €109,580 (+140.1%), from €78,207 to €187,787
of which Other amounts receivable: +€96,023
- Tangible fixed assets -€57,310
down €57,310 (-23.5%), from €243,964 to €186,654
of which Plant, machinery and equipment: -€50,167
- Deferred charges and accrued income +€17,530
up €17,530 (+141.5%), from €12,388 to €29,918
- Trade debts -€187,289
down €187,289 (-35.9%), from €522,278 to €334,990
- Other debts -€60,809
down €60,809 (-96.7%), from €62,861 to €2,053
- Reserves +€47,156
up €47,156 (+40.6%), from €116,041 to €163,197
- Gross operating margin +€124,847
up €124,847 (+9.2%), from €1.4m to €1.5m
- Staff costs +€102,740
up €102,740 (+8.5%), from €1.2m to €1.3m
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 | €868,210 | €662,454 | -€205,756 | -23.7% |
| Fixed assets | 21/28 | €244,559 | €187,248 | -€57,310 | -23.4% |
| Tangible fixed assets | 22/27 | €243,964 | €186,654 | -€57,310 | -23.5% |
| Plant, machinery and equipment | 23 | €213,862 | €163,696 | -€50,167 | -23.5% |
| Furniture and vehicles | 24 | €30,101 | €22,958 | -€7,143 | -23.7% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €623,652 | €475,205 | -€148,446 | -23.8% |
| Stocks and contracts in progress | 3 | €25,580 | €27,560 | +€1,980 | +7.7% |
| Stocks | 30/36 | €25,580 | €27,560 | +€1,980 | +7.7% |
| Amounts receivable within one year | 40/41 | €78,207 | €187,787 | +€109,580 | +140.1% |
| Trade receivables | 40 | €18,128 | €31,685 | +€13,557 | +74.8% |
| Other amounts receivable | 41 | €60,080 | €156,102 | +€96,023 | +159.8% |
| Cash at bank and in hand | 54/58 | €507,476 | €229,939 | -€277,537 | -54.7% |
| Deferred charges and accrued income | 490/1 | €12,388 | €29,918 | +€17,530 | +141.5% |
| Total equity and liabilities | 10/49 | €868,210 | €662,454 | -€205,756 | -23.7% |
| Equity | 10/15 | €134,641 | €181,797 | +€47,156 | +35.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,041 | €163,197 | +€47,156 | +40.6% |
| Distributable reserves | 133 | €116,041 | €163,197 | +€47,156 | +40.6% |
| Amounts payable | 17/49 | €733,569 | €480,657 | -€252,912 | -34.5% |
| Amounts payable after more than one year | 17 | €22,119 | €16,534 | -€5,585 | -25.2% |
| Financial debts | 170/4 | €22,119 | €16,534 | -€5,585 | -25.2% |
| Amounts payable within one year | 42/48 | €711,450 | €464,122 | -€247,328 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €5,371 | €5,585 | +€214 | +4.0% |
| Financial debts | 43 | - | €61 | +€61 | |
| Credit institutions | 430/8 | - | €61 | +€61 | |
| Trade debts | 44 | €522,278 | €334,990 | -€187,289 | -35.9% |
| Suppliers | 440/4 | €522,278 | €334,990 | -€187,289 | -35.9% |
| Taxes, remuneration and social security | 45 | €120,940 | €121,435 | +€495 | +0.4% |
| Remuneration and social security | 454/9 | €120,940 | €121,435 | +€495 | +0.4% |
| Other amounts payable | 47/48 | €62,861 | €2,053 | -€60,809 | -96.7% |
| Non-recurring operating income | 76A | - | €1,268 | +€1,268 | |
| Remuneration, social security and pensions | 62 | €1,211,021 | €1,313,761 | +€102,740 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,674 | €91,382 | +€708 | +0.8% |
| Other operating charges | 640/8 | €12,594 | €11,428 | -€1,166 | -9.3% |
| Gross operating margin | 9900 | €1,364,434 | €1,489,280 | +€124,847 | +9.2% |
| Operating profit (loss) | 9901 | €50,144 | €72,710 | +€22,566 | +45.0% |
| Financial income | 75/76B | €425 | €0 | -€425 | -100.0% |
| Recurring financial income | 75 | €425 | €0 | -€425 | -100.0% |
| Financial charges | 65/66B | €11,849 | €12,367 | +€518 | +4.4% |
| Recurring financial charges | 65 | €11,849 | €12,367 | +€518 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €38,720 | €60,343 | +€21,623 | +55.8% |
| Income taxes | 67/77 | €2,890 | €13,187 | +€10,297 | +356.3% |
| Profit (loss) for the period | 9904 | €35,830 | €47,156 | +€11,326 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,830 | €47,156 | +€11,326 | +31.6% |
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 30 September 2026 via checked.be.