BREVARO: 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.
BREVARO
Largest movements
- Tangible fixed assets -€26,726
down €26,726 (-11.6%), from €230,936 to €204,209
- Cash +€16,856
up €16,856 (+90.5%), from €18,629 to €35,485
mainly Depreciation (+€26,726) and Net result for the year (+€6,987)
- Stocks and contracts -€6,493
down €6,493 (-54.7%), from €11,861 to €5,368
of which Stocks: -€3,343
- Receivables within one year -€5,431
down €5,431 (-65.2%), from €8,325 to €2,894
of which Other amounts receivable: -€2,912
- Deferred charges and accrued income -€3,944
down €3,944 (-50.6%), from €7,793 to €3,849
- Debts after one year -€28,411
down €28,411 (-53.1%), from €53,456 to €25,045
- Other debts +€4,065
up €4,065 (+21.7%), from €18,724 to €22,789
- Gross operating margin -€5,061
down €5,061 (-10.7%), from €47,434 to €42,373
- Depreciation -€4,759
down €4,759 (-15.1%), from €31,485 to €26,726
- Financial charges -€1,324
down €1,324 (-27.0%), from €4,905 to €3,581
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 | €277,543 | €251,806 | -€25,737 | -9.3% |
| Fixed assets | 21/28 | €230,936 | €204,209 | -€26,726 | -11.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €230,936 | €204,209 | -€26,726 | -11.6% |
| Land and buildings | 22 | €184,450 | €172,052 | -€12,398 | -6.7% |
| Plant, machinery and equipment | 23 | €8,033 | €4,674 | -€3,360 | -41.8% |
| Furniture and vehicles | 24 | €37,664 | €26,695 | -€10,969 | -29.1% |
| Leasing and similar rights | 25 | €789 | €789 | = | 0.0% |
| Current assets | 29/58 | €46,607 | €47,596 | +€989 | +2.1% |
| Stocks and contracts in progress | 3 | €11,861 | €5,368 | -€6,493 | -54.7% |
| Stocks | 30/36 | €8,711 | €5,368 | -€3,343 | -38.4% |
| Contracts in progress | 37 | €3,150 | €0 | -€3,150 | -100% |
| Amounts receivable within one year | 40/41 | €8,325 | €2,894 | -€5,431 | -65.2% |
| Trade receivables | 40 | €3,880 | €1,361 | -€2,519 | -64.9% |
| Other amounts receivable | 41 | €4,444 | €1,533 | -€2,912 | -65.5% |
| Cash at bank and in hand | 54/58 | €18,629 | €35,485 | +€16,856 | +90.5% |
| Deferred charges and accrued income | 490/1 | €7,793 | €3,849 | -€3,944 | -50.6% |
| Total equity and liabilities | 10/49 | €277,543 | €251,806 | -€25,737 | -9.3% |
| Equity | 10/15 | €173,551 | €174,589 | +€1,038 | +0.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €123,551 | €124,589 | +€1,038 | +0.8% |
| Distributable reserves | 133 | €123,551 | €124,589 | +€1,038 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,992 | €77,217 | -€26,775 | -25.7% |
| Amounts payable after more than one year | 17 | €53,456 | €25,045 | -€28,411 | -53.1% |
| Financial debts | 170/4 | €53,456 | €25,045 | -€28,411 | -53.1% |
| Amounts payable within one year | 42/48 | €50,535 | €52,171 | +€1,636 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €29,589 | €28,411 | -€1,178 | -4.0% |
| Trade debts | 44 | €1,471 | €341 | -€1,130 | -76.8% |
| Suppliers | 440/4 | €1,471 | €341 | -€1,130 | -76.8% |
| Taxes, remuneration and social security | 45 | €751 | €630 | -€121 | -16.1% |
| Remuneration and social security | 454/9 | €751 | €630 | -€121 | -16.1% |
| Other amounts payable | 47/48 | €18,724 | €22,789 | +€4,065 | +21.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,485 | €26,726 | -€4,759 | -15.1% |
| Other operating charges | 640/8 | €2,303 | €2,374 | +€72 | +3.1% |
| Gross operating margin | 9900 | €47,434 | €42,373 | -€5,061 | -10.7% |
| Operating profit (loss) | 9901 | €13,646 | €13,273 | -€374 | -2.7% |
| Financial income | 75/76B | €473 | €308 | -€165 | -34.9% |
| Recurring financial income | 75 | €473 | €308 | -€165 | -34.9% |
| Financial charges | 65/66B | €4,905 | €3,581 | -€1,324 | -27.0% |
| Recurring financial charges | 65 | €4,905 | €3,581 | -€1,324 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €9,214 | €10,000 | +€785 | +8.5% |
| Income taxes | 67/77 | €2,734 | €3,013 | +€279 | +10.2% |
| Profit (loss) for the period | 9904 | €6,480 | €6,987 | +€507 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,480 | €6,987 | +€507 | +7.8% |
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.