BREVCO SERVICES: 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.
BREVCO SERVICES
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+108.1%), from €1.0m to €2.2m
- Cash -€81,238
down €81,238 (-25.5%), from €318,098 to €236,860
mainly Receivables within one year (-€1.1m) and Investment in fixed assets (net) (-€1,068)
- Tangible fixed assets -€67,216
down €67,216 (-8.3%), from €811,150 to €743,934
- Debts +€907,036
up €907,036 (+58.7%), from €1.5m to €2.5m
of which Debts within one year: +€954,685
- Profit (loss) carried forward +€70,518
up €70,518 (+11.2%), from €630,288 to €700,805
- Turnover +€2.6m
up €2.6m (+56.0%), from €4.7m to €7.4m
From the 2018 result to the 2019 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.
Cash bridge derived
Derived from the 2018 and 2019 balance sheets and the 2019 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,177,630 | €3,155,184 | +€977,554 | +44.9% |
| Fixed assets | 21/28 | €817,040 | €749,824 | -€67,216 | -8.2% |
| Tangible fixed assets | 22/27 | €811,150 | €743,934 | -€67,216 | -8.3% |
| Financial fixed assets | 28 | €5,890 | €5,890 | = | 0.0% |
| Current assets | 29/58 | €1,360,590 | €2,405,360 | +€1.0m | +76.8% |
| Amounts receivable within one year | 40/41 | €1,041,896 | €2,168,499 | +€1.1m | +108.1% |
| Cash at bank and in hand | 54/58 | €318,098 | €236,860 | -€81,238 | -25.5% |
| Total equity and liabilities | 10/49 | €2,177,630 | €3,155,184 | +€977,554 | +44.9% |
| Equity | 10/15 | €632,488 | €703,005 | +€70,518 | +11.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €630,288 | €700,805 | +€70,518 | +11.2% |
| Amounts payable | 17/49 | €1,545,142 | €2,452,178 | +€907,036 | +58.7% |
| Amounts payable after more than one year | 17 | €475,055 | €434,555 | -€40,499 | -8.5% |
| Amounts payable within one year | 42/48 | €1,062,938 | €2,017,623 | +€954,685 | +89.8% |
| Trade debts | 44 | €454,450 | €986,505 | +€532,055 | +117.1% |
| Turnover | 70 | €4,725,068 | €7,370,217 | +€2.6m | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,284 | €68,284 | -€0 | 0.0% |
| Gross operating margin | 9900 | €232,364 | €182,486 | -€49,878 | -21.5% |
| Operating profit (loss) | 9901 | €140,513 | €93,308 | -€47,205 | -33.6% |
| Recurring financial income | 75 | €15,466 | €19,278 | +€3,812 | +24.7% |
| Recurring financial charges | 65 | €37,772 | €21,460 | -€16,312 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €118,206 | €91,126 | -€27,080 | -22.9% |
| Income taxes | 67/77 | €30,907 | €20,609 | -€10,298 | -33.3% |
| Profit (loss) for the period | 9904 | €87,300 | €70,518 | -€16,782 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,300 | €70,518 | -€16,782 | -19.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.