BREVER Projects: 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.
BREVER Projects
Largest movements
- Cash +€86,632
up €86,632 (+40.1%), from €215,868 to €302,500
mainly Net result for the year (+€73,619) and Other debts (+€55,121)
- Receivables within one year +€27,214
up €27,214 (+35.4%), from €76,841 to €104,055
of which Trade receivables: +€30,724
- Reserves +€219,535
new in 2025: €219,535
- Profit (loss) carried forward -€205,915
down €205,915 (-100.0%), from €205,915 to €0
- Other debts +€55,121
up €55,121 (+53.6%), from €102,834 to €157,955
- Tax, wage and social debts +€42,427
up €42,427 (+6679.0%), from €635 to €43,062
- Financial charges +€3,205
up €3,205 (+7151.4%), from €45 to €3,250
- Gross operating margin -€1,462
down €1,462 (-1.5%), from €100,483 to €99,021
- Taxes -€1,338
down €1,338 (-6.6%), from €20,138 to €18,800
- Depreciation +€1,234
up €1,234 (+100.3%), from €1,230 to €2,464
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €312,974 | €423,955 | +€110,982 | +35.5% |
| Fixed assets | 21/28 | €20,265 | €17,400 | -€2,864 | -14.1% |
| Tangible fixed assets | 22/27 | €19,865 | €17,400 | -€2,464 | -12.4% |
| Land and buildings | 22 | €11,607 | €10,382 | -€1,225 | -10.6% |
| Furniture and vehicles | 24 | €8,257 | €7,019 | -€1,239 | -15.0% |
| Financial fixed assets | 28 | €400 | €0 | -€400 | -100.0% |
| Current assets | 29/58 | €292,709 | €406,555 | +€113,846 | +38.9% |
| Amounts receivable within one year | 40/41 | €76,841 | €104,055 | +€27,214 | +35.4% |
| Trade receivables | 40 | €72,126 | €102,850 | +€30,724 | +42.6% |
| Other amounts receivable | 41 | €4,715 | €1,205 | -€3,510 | -74.4% |
| Cash at bank and in hand | 54/58 | €215,868 | €302,500 | +€86,632 | +40.1% |
| Total equity and liabilities | 10/49 | €312,974 | €423,955 | +€110,982 | +35.5% |
| Equity | 10/15 | €208,415 | €222,035 | +€13,619 | +6.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €219,535 | +€219,535 | |
| Distributable reserves | 133 | - | €219,535 | +€219,535 | |
| Profit (loss) carried forward | 14 | €205,915 | €0 | -€205,915 | -100.0% |
| Amounts payable | 17/49 | €104,558 | €201,920 | +€97,362 | +93.1% |
| Amounts payable within one year | 42/48 | €104,558 | €201,920 | +€97,362 | +93.1% |
| Trade debts | 44 | €1,089 | €903 | -€185 | -17.0% |
| Suppliers | 440/4 | €1,089 | €903 | -€185 | -17.0% |
| Taxes, remuneration and social security | 45 | €635 | €43,062 | +€42,427 | +6679.0% |
| Taxes | 450/3 | €635 | €43,062 | +€42,427 | +6679.0% |
| Other amounts payable | 47/48 | €102,834 | €157,955 | +€55,121 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,230 | €2,464 | +€1,234 | +100.3% |
| Other operating charges | 640/8 | €472 | €487 | +€15 | +3.2% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | €100,483 | €99,021 | -€1,462 | -1.5% |
| Operating profit (loss) | 9901 | €98,780 | €95,670 | -€3,111 | -3.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €45 | €3,250 | +€3,205 | +7151.4% |
| Recurring financial charges | 65 | €45 | €3,250 | +€3,205 | +7151.4% |
| Profit (loss) for the period before taxes | 9903 | €98,737 | €92,419 | -€6,317 | -6.4% |
| Income taxes | 67/77 | €20,138 | €18,800 | -€1,338 | -6.6% |
| Profit (loss) for the period | 9904 | €78,599 | €73,619 | -€4,979 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,599 | €73,619 | -€4,979 | -6.3% |
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 6 October 2026 via checked.be.