BREVART: 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.
BREVART
Largest movements
- Tangible fixed assets +€91,348
up €91,348 (+37.7%), from €242,084 to €333,432
of which Furniture and vehicles: +€101,509
- Cash +€33,334
up €33,334 (+199%), from €16,756 to €50,091
mainly Current portion of long-term debt (+€62,288) and Debts after one year (+€29,824)
- Receivables within one year +€9,172
up €9,172 (+21.3%), from €43,030 to €52,203
of which Other amounts receivable: +€21,517
- Current portion of long-term debt +€62,288
up €62,288 (+401%), from €15,530 to €77,818
- Debts after one year +€29,824
up €29,824 (+24.4%), from €122,103 to €151,927
- Trade debts +€22,362
up €22,362 (+174%), from €12,850 to €35,213
- Profit (loss) carried forward +€10,702
no longer reported in 2025 (was -€10,702)
- Reserves +€9,461
up €9,461 (+13.1%), from €72,295 to €81,756
of which Distributable reserves: +€79,756
- Gross operating margin +€35,968
up €35,968 (+104%), from €34,730 to €70,698
- Staff costs +€11,112
new in 2025: €11,112
- Financial charges +€5,254
up €5,254 (+194%), from €2,715 to €7,969
- Taxes +€2,039
up €2,039 (+1,460%), from €140 to €2,179
- Depreciation +€1,899
up €1,899 (+7.9%), from €23,912 to €25,811
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 | €319,295 | €453,986 | +€134,691 | +42.2% |
| Fixed assets | 21/28 | €242,084 | €333,432 | +€91,348 | +37.7% |
| Tangible fixed assets | 22/27 | €242,084 | €333,432 | +€91,348 | +37.7% |
| Land and buildings | 22 | €182,256 | €171,259 | -€10,997 | -6.0% |
| Plant, machinery and equipment | 23 | €21,137 | €21,973 | +€836 | +4.0% |
| Furniture and vehicles | 24 | €38,691 | €140,200 | +€101,509 | +262% |
| Current assets | 29/58 | €77,211 | €120,554 | +€43,343 | +56.1% |
| Stocks and contracts in progress | 3 | €15,890 | €16,660 | +€770 | +4.8% |
| Stocks | 30/36 | €15,890 | €16,660 | +€770 | +4.8% |
| Amounts receivable within one year | 40/41 | €43,030 | €52,203 | +€9,172 | +21.3% |
| Trade receivables | 40 | €40,576 | €28,232 | -€12,344 | -30.4% |
| Other amounts receivable | 41 | €2,454 | €23,971 | +€21,517 | +877% |
| Cash at bank and in hand | 54/58 | €16,756 | €50,091 | +€33,334 | +199% |
| Deferred charges and accrued income | 490/1 | €1,534 | €1,601 | +€66 | +4.3% |
| Total equity and liabilities | 10/49 | €319,295 | €453,986 | +€134,691 | +42.2% |
| Equity | 10/15 | €81,593 | €101,756 | +€20,163 | +24.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,295 | €81,756 | +€9,461 | +13.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,295 | - | -€70,295 | |
| Distributable reserves | 133 | - | €79,756 | +€79,756 | |
| Profit (loss) carried forward | 14 | -€10,702 | - | +€10,702 | |
| Amounts payable | 17/49 | €237,702 | €352,230 | +€114,528 | +48.2% |
| Amounts payable after more than one year | 17 | €122,103 | €151,927 | +€29,824 | +24.4% |
| Financial debts | 170/4 | €122,103 | €151,927 | +€29,824 | +24.4% |
| Amounts payable within one year | 42/48 | €115,599 | €194,665 | +€79,067 | +68.4% |
| Current portion of amounts payable after more than one year | 42 | €15,530 | €77,818 | +€62,288 | +401% |
| Trade debts | 44 | €12,850 | €35,213 | +€22,362 | +174% |
| Suppliers | 440/4 | €12,850 | €35,213 | +€22,362 | +174% |
| Taxes, remuneration and social security | 45 | €4,866 | €3,195 | -€1,671 | -34.3% |
| Taxes | 450/3 | €4,866 | €373 | -€4,493 | -92.3% |
| Remuneration and social security | 454/9 | - | €2,822 | +€2,822 | |
| Other amounts payable | 47/48 | €82,352 | €78,439 | -€3,913 | -4.8% |
| Accrued charges and deferred income | 492/3 | - | €5,638 | +€5,638 | |
| Remuneration, social security and pensions | 62 | - | €11,112 | +€11,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,912 | €25,811 | +€1,899 | +7.9% |
| Other operating charges | 640/8 | €4,054 | €3,475 | -€579 | -14.3% |
| Gross operating margin | 9900 | €34,730 | €70,698 | +€35,968 | +104% |
| Operating profit (loss) | 9901 | €6,763 | €30,300 | +€23,537 | +348% |
| Financial income | 75/76B | €46 | €11 | -€35 | -76.0% |
| Recurring financial income | 75 | €46 | €11 | -€35 | -76.0% |
| Financial charges | 65/66B | €2,715 | €7,969 | +€5,254 | +194% |
| Recurring financial charges | 65 | €2,715 | €7,969 | +€5,254 | +194% |
| Profit (loss) for the period before taxes | 9903 | €4,094 | €22,342 | +€18,249 | +446% |
| Income taxes | 67/77 | €140 | €2,179 | +€2,039 | +1,460% |
| Profit (loss) for the period | 9904 | €3,954 | €20,163 | +€16,209 | +410% |
| Profit (loss) for the period to be appropriated | 9905 | €3,954 | €20,163 | +€16,209 | +410% |
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 20 October 2026 via checked.be.