BRETAM: 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.
What changed
BRETAM
NACE 63.920, Other information service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€520,020
2024 · €196,080+€323,940
Equity
€4.7m
2024 · €4.4m+€269,181
Cash
€40,037
2024 · €31,134+€8,903
Balance sheet total
€4.8m
2024 · €4.5m+€311,446
Largest movements
Assets
- Current investments +€450,000
up €450,000 (+25.4%), from €1.8m to €2.2m
- Tangible fixed assets -€126,539
down €126,539 (-12.6%), from €1.0m to €879,509
of which Land and buildings: -€68,951
Equity and liabilities
- Reserves +€269,181
up €269,181 (+6.1%), from €4.4m to €4.7m
of which Distributable reserves: +€278,026
Income statement
- Financial income +€312,430
up €312,430 (+515.4%), from €60,625 to €373,055
- Gross operating margin +€42,987
up €42,987 (+11.8%), from €363,807 to €406,794
- Taxes +€39,232
up €39,232 (+43.1%), from €91,020 to €130,251
- Other operating charges -€6,679
down €6,679 (-54.7%), from €12,212 to €5,533
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.
Result 2024
€196,080
Gross operating margin
+€42,987
Depreciation
+€1,087
Other operating charges
+€6,679
Financial income
+€312,430
Financial charges
-€12
Taxes
-€39,232
Result 2025
€520,020
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.
From operations
+€709,741
Investment
-€450,000
Financing
-€250,839
Cash 2024
€31,134
From operations (derived)
+€709,741
Net result for the year
+€520,020
Depreciation
+€126,539
Stocks and contracts
+€2,359
Receivables within one year
+€18,698
Deferred charges and accrued income
-€139
Provisions
-€2,948
Trade debts
+€1,688
Tax, wage and social debts
+€46,005
Other debts
+€3,040
Accrued charges and deferred income
-€5,520
Investment (derived)
-€450,000
Current investments
-€450,000
Financing
-€250,839
Contributions, distributions and other
-€250,839
Cash 2025
€40,037
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,477,026 | €4,788,472 | +€311,446 | +7.0% |
| Fixed assets | 21/28 | €2,627,858 | €2,501,319 | -€126,539 | -4.8% |
| Tangible fixed assets | 22/27 | €1,006,048 | €879,509 | -€126,539 | -12.6% |
| Land and buildings | 22 | €795,996 | €727,045 | -€68,951 | -8.7% |
| Plant, machinery and equipment | 23 | €45,227 | €34,491 | -€10,737 | -23.7% |
| Furniture and vehicles | 24 | €164,825 | €117,974 | -€46,851 | -28.4% |
| Financial fixed assets | 28 | €1,621,810 | €1,621,810 | = | 0.0% |
| Current assets | 29/58 | €1,849,168 | €2,287,153 | +€437,985 | +23.7% |
| Stocks and contracts in progress | 3 | €2,359 | €0 | -€2,359 | -100.0% |
| Stocks | 30/36 | €2,359 | €0 | -€2,359 | -100.0% |
| Amounts receivable within one year | 40/41 | €35,245 | €16,547 | -€18,698 | -53.1% |
| Trade receivables | 40 | €26,493 | €0 | -€26,493 | -100.0% |
| Other amounts receivable | 41 | €8,752 | €16,547 | +€7,796 | +89.1% |
| Current investments | 50/53 | €1,775,000 | €2,225,000 | +€450,000 | +25.4% |
| Cash at bank and in hand | 54/58 | €31,134 | €40,037 | +€8,903 | +28.6% |
| Deferred charges and accrued income | 490/1 | €5,430 | €5,569 | +€139 | +2.6% |
| Total equity and liabilities | 10/49 | €4,477,026 | €4,788,472 | +€311,446 | +7.0% |
| Equity | 10/15 | €4,399,626 | €4,668,808 | +€269,181 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,381,026 | €4,650,208 | +€269,181 | +6.1% |
| Tax-exempt reserves | 132 | €125,194 | €116,350 | -€8,844 | -7.1% |
| Distributable reserves | 133 | €4,255,832 | €4,533,858 | +€278,026 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €22,981 | €20,033 | -€2,948 | -12.8% |
| Deferred taxes | 168 | €22,981 | €20,033 | -€2,948 | -12.8% |
| Amounts payable | 17/49 | €54,418 | €99,631 | +€45,213 | +83.1% |
| Amounts payable within one year | 42/48 | €48,898 | €99,631 | +€50,733 | +103.8% |
| Trade debts | 44 | €5,819 | €7,508 | +€1,688 | +29.0% |
| Suppliers | 440/4 | €5,819 | €7,508 | +€1,688 | +29.0% |
| Taxes, remuneration and social security | 45 | €35,455 | €81,460 | +€46,005 | +129.8% |
| Taxes | 450/3 | €30,118 | €78,929 | +€48,811 | +162.1% |
| Remuneration and social security | 454/9 | €5,337 | €2,531 | -€2,806 | -52.6% |
| Other amounts payable | 47/48 | €7,623 | €10,663 | +€3,040 | +39.9% |
| Accrued charges and deferred income | 492/3 | €5,520 | €0 | -€5,520 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,626 | €126,539 | -€1,087 | -0.9% |
| Other operating charges | 640/8 | €12,212 | €5,533 | -€6,679 | -54.7% |
| Gross operating margin | 9900 | €363,807 | €406,794 | +€42,987 | +11.8% |
| Operating profit (loss) | 9901 | €223,969 | €274,722 | +€50,753 | +22.7% |
| Financial income | 75/76B | €60,625 | €373,055 | +€312,430 | +515.4% |
| Recurring financial income | 75 | €60,625 | €373,055 | +€312,430 | +515.4% |
| Financial charges | 65/66B | €442 | €454 | +€12 | +2.8% |
| Recurring financial charges | 65 | €442 | €454 | +€12 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €284,152 | €647,323 | +€363,171 | +127.8% |
| Transfer from deferred taxes | 780 | €2,948 | €2,948 | = | 0.0% |
| Income taxes | 67/77 | €91,020 | €130,251 | +€39,232 | +43.1% |
| Profit (loss) for the period | 9904 | €196,080 | €520,020 | +€323,940 | +165.2% |
| Transfer from tax-exempt reserves | 789 | €8,844 | €8,844 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €204,925 | €528,865 | +€323,940 | +158.1% |
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 5 October 2026 via checked.be.