BREST: 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.
BREST
Largest movements
- Tangible fixed assets +€535,750
up €535,750 (+211%), from €253,403 to €789,153
of which Land and buildings: +€538,514
- Receivables within one year -€191,170
down €191,170 (-38.1%), from €501,298 to €310,128
of which Trade receivables: -€199,556
- Cash -€91,632
down €91,632 (-65.5%), from €139,821 to €48,188
mainly Investment in fixed assets (net) (-€567,946) and Trade debts (-€162,190)
- Stocks and contracts +€30,127
up €30,127 (+11.6%), from €259,723 to €289,850
- Debts after one year +€422,119
up €422,119 (+217%), from €194,952 to €617,071
- Trade debts -€162,190
down €162,190 (-29.9%), from €541,603 to €379,413
- Tax, wage and social debts -€59,999
down €59,999 (-82.7%), from €72,522 to €12,523
- Current portion of long-term debt +€35,474
up €35,474 (+296%), from €11,990 to €47,464
- Reserves +€29,820
up €29,820 (+13.9%), from €215,223 to €245,043
- Staff costs -€51,650
down €51,650, from €51,519 to -€131
- Gross operating margin -€46,251
down €46,251 (-33.5%), from €137,899 to €91,648
- Depreciation +€19,255
up €19,255 (+149%), from €12,941 to €32,196
- Financial charges +€4,010
up €4,010 (+28.1%), from €14,286 to €18,296
- Taxes -€2,421
down €2,421 (-19.3%), from €12,523 to €10,102
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.
Derived cash bridge
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 | €1,155,782 | €1,438,609 | +€282,827 | +24.5% |
| Fixed assets | 21/28 | €253,403 | €789,153 | +€535,750 | +211% |
| Tangible fixed assets | 22/27 | €253,403 | €789,153 | +€535,750 | +211% |
| Land and buildings | 22 | €244,911 | €783,425 | +€538,514 | +220% |
| Plant, machinery and equipment | 23 | €8,492 | €5,728 | -€2,764 | -32.5% |
| Current assets | 29/58 | €902,379 | €649,456 | -€252,923 | -28.0% |
| Stocks and contracts in progress | 3 | €259,723 | €289,850 | +€30,127 | +11.6% |
| Stocks | 30/36 | €259,723 | €289,850 | +€30,127 | +11.6% |
| Amounts receivable within one year | 40/41 | €501,298 | €310,128 | -€191,170 | -38.1% |
| Trade receivables | 40 | €491,230 | €291,675 | -€199,556 | -40.6% |
| Other amounts receivable | 41 | €10,068 | €18,454 | +€8,386 | +83.3% |
| Cash at bank and in hand | 54/58 | €139,821 | €48,188 | -€91,632 | -65.5% |
| Deferred charges and accrued income | 490/1 | €1,537 | €1,289 | -€248 | -16.1% |
| Total equity and liabilities | 10/49 | €1,155,782 | €1,438,609 | +€282,827 | +24.5% |
| Equity | 10/15 | €225,223 | €255,043 | +€29,820 | +13.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €215,223 | €245,043 | +€29,820 | +13.9% |
| Distributable reserves | 133 | €215,223 | €245,043 | +€29,820 | +13.9% |
| Amounts payable | 17/49 | €930,559 | €1,183,566 | +€253,007 | +27.2% |
| Amounts payable after more than one year | 17 | €194,952 | €617,071 | +€422,119 | +217% |
| Financial debts | 170/4 | €194,952 | €617,071 | +€422,119 | +217% |
| Amounts payable within one year | 42/48 | €735,607 | €565,578 | -€170,029 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €11,990 | €47,464 | +€35,474 | +296% |
| Financial debts | 43 | €100,000 | €108,333 | +€8,333 | +8.3% |
| Credit institutions | 430/8 | €100,000 | €108,333 | +€8,333 | +8.3% |
| Trade debts | 44 | €541,603 | €379,413 | -€162,190 | -29.9% |
| Suppliers | 440/4 | €541,603 | €379,413 | -€162,190 | -29.9% |
| Taxes, remuneration and social security | 45 | €72,522 | €12,523 | -€59,999 | -82.7% |
| Taxes | 450/3 | €72,522 | €12,523 | -€59,999 | -82.7% |
| Other amounts payable | 47/48 | €9,492 | €17,845 | +€8,352 | +88.0% |
| Accrued charges and deferred income | 492/3 | - | €916 | +€916 | |
| Remuneration, social security and pensions | 62 | €51,519 | -€131 | -€51,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,941 | €32,196 | +€19,255 | +149% |
| Other operating charges | 640/8 | €1,164 | €2,755 | +€1,591 | +137% |
| Gross operating margin | 9900 | €137,899 | €91,648 | -€46,251 | -33.5% |
| Operating profit (loss) | 9901 | €72,275 | €56,828 | -€15,447 | -21.4% |
| Financial income | 75/76B | €240 | €1,391 | +€1,150 | +478% |
| Recurring financial income | 75 | €240 | €1,391 | +€1,150 | +478% |
| Financial charges | 65/66B | €14,286 | €18,296 | +€4,010 | +28.1% |
| Recurring financial charges | 65 | €14,286 | €18,296 | +€4,010 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €58,229 | €39,922 | -€18,307 | -31.4% |
| Income taxes | 67/77 | €12,523 | €10,102 | -€2,421 | -19.3% |
| Profit (loss) for the period | 9904 | €45,706 | €29,820 | -€15,886 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,706 | €29,820 | -€15,886 | -34.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.