BREVAK: 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
BREVAK
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€90,476
2024 · €4.8m-€4.7m
Equity
€4.5m
2024 · €4.4m+€90,476
Cash
€106,142
2024 · €125,689-€19,546
Balance sheet total
€4.5m
2024 · €5.6m-€1.1m
Largest movements
Assets
- Current investments -€1.1m
down €1.1m (-21.1%), from €5.4m to €4.3m
Equity and liabilities
- Other debts -€1.2m
down €1.2m (-98.2%), from €1.3m to €22,455
- Profit (loss) carried forward +€90,476
up €90,476 (+2.1%), from €4.3m to €4.4m
Income statement
- Financial income -€4.7m
down €4.7m (-98.0%), from €4.8m to €95,553
- Depreciation +€22,027
up €22,027 (+158.1%), from €13,936 to €35,964
- Gross operating margin +€20,565
up €20,565 (+46.3%), from €44,390 to €64,955
- Taxes +€16,881
up €16,881 (+106.4%), from €15,869 to €32,750
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
€4.8m
Gross operating margin
+€20,565
Depreciation
-€22,027
Other operating charges
-€13
Other operating items
-€530
Financial income
-€4.7m
Financial charges
-€19
Taxes
-€16,881
Result 2025
€90,476
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
-€1.1m
Investment
+€1.1m
Financing
€0
Cash 2024
€125,689
From operations (derived)
-€1.1m
Net result for the year
+€90,476
Depreciation
+€35,964
Receivables within one year
-€11,158
Deferred charges and accrued income
+€11,591
Trade debts
+€1,295
Tax, wage and social debts
+€3,368
Other debts
-€1.2m
Investment (derived)
+€1.1m
Investment in fixed assets (net)
-€51,552
Current investments
+€1.1m
Cash 2025
€106,142
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,638,716 | €4,494,325 | -€1.1m | -20.3% |
| Fixed assets | 21/28 | €64,876 | €80,464 | +€15,589 | +24.0% |
| Tangible fixed assets | 22/27 | €64,876 | €60,464 | -€4,411 | -6.8% |
| Land and buildings | 22 | €21,000 | €24,021 | +€3,021 | +14.4% |
| Furniture and vehicles | 24 | €43,876 | €36,443 | -€7,433 | -16.9% |
| Financial fixed assets | 28 | €0 | €20,000 | +€20,000 | |
| Current assets | 29/58 | €5,573,841 | €4,413,861 | -€1.2m | -20.8% |
| Amounts receivable after more than one year | 29 | €4,000 | €4,000 | = | 0.0% |
| Other amounts receivable | 291 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,274 | €41,432 | +€11,158 | +36.9% |
| Trade receivables | 40 | €12,100 | €27,317 | +€15,217 | +125.8% |
| Other amounts receivable | 41 | €18,174 | €14,115 | -€4,059 | -22.3% |
| Current investments | 50/53 | €5,400,000 | €4,260,000 | -€1.1m | -21.1% |
| Cash at bank and in hand | 54/58 | €125,689 | €106,142 | -€19,546 | -15.6% |
| Deferred charges and accrued income | 490/1 | €13,878 | €2,287 | -€11,591 | -83.5% |
| Total equity and liabilities | 10/49 | €5,638,716 | €4,494,325 | -€1.1m | -20.3% |
| Equity | 10/15 | €4,371,901 | €4,462,377 | +€90,476 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,360 | €49,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,500 | €47,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,316,341 | €4,406,817 | +€90,476 | +2.1% |
| Amounts payable | 17/49 | €1,266,815 | €31,949 | -€1.2m | -97.5% |
| Amounts payable within one year | 42/48 | €1,266,815 | €31,949 | -€1.2m | -97.5% |
| Trade debts | 44 | €2,619 | €3,915 | +€1,295 | +49.4% |
| Suppliers | 440/4 | €2,619 | €3,915 | +€1,295 | +49.4% |
| Taxes, remuneration and social security | 45 | €2,211 | €5,579 | +€3,368 | +152.4% |
| Taxes | 450/3 | €2,211 | €5,579 | +€3,368 | +152.4% |
| Other amounts payable | 47/48 | €1,261,985 | €22,455 | -€1.2m | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,936 | €35,964 | +€22,027 | +158.1% |
| Other operating charges | 640/8 | €612 | €626 | +€13 | +2.2% |
| Non-recurring operating charges | 66A | €0 | €530 | +€530 | |
| Gross operating margin | 9900 | €44,390 | €64,955 | +€20,565 | +46.3% |
| Operating profit (loss) | 9901 | €29,841 | €27,836 | -€2,005 | -6.7% |
| Financial income | 75/76B | €4,792,925 | €95,553 | -€4.7m | -98.0% |
| Recurring financial income | 75 | €4,792,925 | €95,553 | -€4.7m | -98.0% |
| Financial charges | 65/66B | €145 | €164 | +€19 | +13.3% |
| Recurring financial charges | 65 | €145 | €164 | +€19 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €4,822,621 | €123,226 | -€4.7m | -97.4% |
| Income taxes | 67/77 | €15,869 | €32,750 | +€16,881 | +106.4% |
| Profit (loss) for the period | 9904 | €4,806,752 | €90,476 | -€4.7m | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,806,752 | €90,476 | -€4.7m | -98.1% |
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 30 September 2026 via checked.be.