BREVERFIN: 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.
What changed
BREVERFIN
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€908,113
2024 · €877,362+€30,751
Equity
€5.3m
2024 · €4.6m+€658,113
Cash
€296,788
2024 · €106,555+€190,233
Balance sheet total
€14.5m
2024 · €6.1m+€8.5m
Largest movements
Assets
- Financial fixed assets +€3.1m
up €3.1m (+60.0%), from €5.1m to €8.2m
of which Affiliated companies: +€7.2m
- Receivables within one year +€2.3m
up €2.3m (+886%), from €253,889 to €2.5m
of which Trade receivables: +€2.1m
- Tangible fixed assets +€2.0m
up €2.0m (+758%), from €259,295 to €2.2m
of which Land and buildings: +€1.9m
- Current investments +€1.0m
new in 2025: €1.0m
- Cash +€190,233
up €190,233 (+179%), from €106,555 to €296,788
mainly Other debts (+€6.1m) and Debts after one year (+€1.5m)
Equity and liabilities
- Other debts +€6.1m
up €6.1m (+480%), from €1.3m to €7.3m
- Debts after one year +€1.5m
up €1.5m (+7,523%), from €19,444 to €1.5m
of which Financial debts: +€1.5m
- Reserves +€658,113
up €658,113 (+22.6%), from €2.9m to €3.6m
- Trade debts +€154,377
up €154,377 (+680%), from €22,715 to €177,091
Income statement
- Turnover +€2.6m
new in 2025: €2.6m
- Gross operating margin -€774,632
no longer reported in 2025 (was €774,632)
- Services and other goods +€723,478
new in 2025: €723,478
- Financial income -€538,574
down €538,574 (-83.8%), from €642,964 to €104,390
- Taxes +€224,292
up €224,292 (+542%), from €41,412 to €265,704
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
€877,362
Turnover
+€2.6m
Other operating income
+€44,321
Services and other goods
-€723,478
Staff costs
-€78,986
Depreciation
-€121,406
Other operating charges
-€7,041
Other operating items
-€774,632
Financial income
-€538,574
Financial charges
-€172,299
Taxes
-€224,292
Result 2025
€908,113
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.1m
Investment
-€6.2m
Financing
+€1.3m
Cash 2024
€106,555
From operations (derived)
+€5.1m
Net result for the year
+€908,113
Depreciation
+€166,053
Receivables after one year
+€45,617
Receivables within one year
-€2.3m
Deferred charges and accrued income
-€26,879
Trade debts
+€154,377
Smaller working-capital items
+€12,726
Other debts
+€6.1m
Investment (derived)
-€6.2m
Investment in fixed assets (net)
-€5.2m
Current investments
-€1.0m
Financing
+€1.3m
Debts after one year
+€1.5m
Current portion of long-term debt
+€111,387
Contributions, distributions and other
-€250,000
Cash 2025
€296,788
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,064,139 | €14,544,033 | +€8.5m | +140% |
| Fixed assets | 21/28 | €5,394,388 | €10,442,205 | +€5.0m | +93.6% |
| Tangible fixed assets | 22/27 | €259,295 | €2,223,574 | +€2.0m | +758% |
| Land and buildings | 22 | €209,210 | €2,143,294 | +€1.9m | +924% |
| Furniture and vehicles | 24 | €50,085 | €80,281 | +€30,196 | +60.3% |
| Financial fixed assets | 28 | €5,135,093 | €8,218,631 | +€3.1m | +60.0% |
| Affiliated companies | 280/1 | - | €7,216,681 | +€7.2m | |
| Participating interests | 280 | - | €7,216,681 | +€7.2m | |
| Companies linked by participating interests | 282/3 | - | €1,000,000 | +€1.0m | |
| Participating interests | 282 | - | €1,000,000 | +€1.0m | |
| Other financial fixed assets | 284/8 | - | €1,950 | +€1,950 | |
| Amounts receivable and cash guarantees | 285/8 | - | €1,950 | +€1,950 | |
| Current assets | 29/58 | €669,751 | €4,101,828 | +€3.4m | +512% |
| Amounts receivable after more than one year | 29 | €284,174 | €238,557 | -€45,617 | -16.1% |
| Other amounts receivable | 291 | €284,174 | €238,557 | -€45,617 | -16.1% |
| Amounts receivable within one year | 40/41 | €253,889 | €2,504,471 | +€2.3m | +886% |
| Trade receivables | 40 | €65,720 | €2,132,793 | +€2.1m | +3,145% |
| Other amounts receivable | 41 | €188,169 | €371,678 | +€183,509 | +97.5% |
| Current investments | 50/53 | - | €1,010,000 | +€1.0m | |
| Other investments | 51/53 | - | €1,010,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €106,555 | €296,788 | +€190,233 | +179% |
| Deferred charges and accrued income | 490/1 | €25,133 | €52,012 | +€26,879 | +107% |
| Total equity and liabilities | 10/49 | €6,064,139 | €14,544,033 | +€8.5m | +140% |
| Equity | 10/15 | €4,595,765 | €5,253,878 | +€658,113 | +14.3% |
| Contributions | 10/11 | €1,688,800 | €1,688,800 | = | 0.0% |
| Reserves | 13 | €2,906,965 | €3,565,078 | +€658,113 | +22.6% |
| Distributable reserves | 133 | €2,906,965 | €3,565,078 | +€658,113 | +22.6% |
| Amounts payable | 17/49 | €1,468,374 | €9,290,155 | +€7.8m | +533% |
| Amounts payable after more than one year | 17 | €19,444 | €1,482,141 | +€1.5m | +7,523% |
| Financial debts | 170/4 | €19,444 | €1,478,651 | +€1.5m | +7,505% |
| Credit institutions | 173 | - | €1,478,651 | +€1.5m | |
| Other amounts payable | 178/9 | - | €3,490 | +€3,490 | |
| Amounts payable within one year | 42/48 | €1,448,098 | €7,805,963 | +€6.4m | +439% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €128,053 | +€111,387 | +668% |
| Trade debts | 44 | €22,715 | €177,091 | +€154,377 | +680% |
| Suppliers | 440/4 | €22,715 | €177,091 | +€154,377 | +680% |
| Taxes, remuneration and social security | 45 | €141,591 | €153,097 | +€11,506 | +8.1% |
| Taxes | 450/3 | €95,859 | €83,458 | -€12,401 | -12.9% |
| Remuneration and social security | 454/9 | €45,732 | €69,638 | +€23,907 | +52.3% |
| Other amounts payable | 47/48 | €1,267,126 | €7,347,721 | +€6.1m | +480% |
| Accrued charges and deferred income | 492/3 | €831 | €2,051 | +€1,220 | +147% |
| Operating income | 70/76A | - | €2,671,458 | +€2.7m | |
| Turnover | 70 | - | €2,627,136 | +€2.6m | |
| Other operating income | 74 | - | €44,321 | +€44,321 | |
| Operating charges | 60/66A | - | €1,374,208 | +€1.4m | |
| Services and other goods | 61 | - | €723,478 | +€723,478 | |
| Remuneration, social security and pensions | 62 | €372,778 | €451,764 | +€78,986 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,647 | €166,053 | +€121,406 | +272% |
| Other operating charges | 640/8 | €25,873 | €32,914 | +€7,041 | +27.2% |
| Gross operating margin | 9900 | €774,632 | - | -€774,632 | |
| Operating profit (loss) | 9901 | €331,334 | €1,297,249 | +€965,915 | +292% |
| Financial income | 75/76B | €642,964 | €104,390 | -€538,574 | -83.8% |
| Recurring financial income | 75 | €642,964 | €104,390 | -€538,574 | -83.8% |
| Income from financial fixed assets | 750 | - | €100,000 | +€100,000 | |
| Income from current assets | 751 | - | €37 | +€37 | |
| Other financial income | 752/9 | - | €4,353 | +€4,353 | |
| Financial charges | 65/66B | €55,525 | €227,823 | +€172,299 | +310% |
| Recurring financial charges | 65 | €55,525 | €227,823 | +€172,299 | +310% |
| Debt charges | 650 | - | €217,534 | +€217,534 | |
| Other financial charges | 652/9 | - | €10,289 | +€10,289 | |
| Profit (loss) for the period before taxes | 9903 | €918,774 | €1,173,817 | +€255,043 | +27.8% |
| Income taxes | 67/77 | €41,412 | €265,704 | +€224,292 | +542% |
| Taxes | 670/3 | - | €265,704 | +€265,704 | |
| Profit (loss) for the period | 9904 | €877,362 | €908,113 | +€30,751 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €877,362 | €908,113 | +€30,751 | +3.5% |
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 19 October 2026 via checked.be.