BREVEXCO: 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.
BREVEXCO
Largest movements
- Cash +€153,373
up €153,373 (+585%), from €26,237 to €179,611
mainly Receivables within one year (+€83,953) and Current investments (+€80,004)
- Receivables within one year -€83,953
down €83,953 (-25.9%), from €323,619 to €239,666
of which Trade receivables: -€59,159
- Current investments -€80,004
no longer reported in 2025 (was €80,004)
- Trade debts -€38,235
down €38,235 (-95.7%), from €39,935 to €1,701
- Reserves +€32,500
up €32,500 (+10.0%), from €325,860 to €358,360
of which Distributable reserves: +€32,500
- Accrued charges and deferred income -€10,800
no longer reported in 2025 (was €10,800)
- Other debts +€10,748
up €10,748 (+15.4%), from €69,972 to €80,720
- Tax, wage and social debts -€10,499
down €10,499 (-61.1%), from €17,172 to €6,672
- Gross operating margin -€15,107
down €15,107 (-44.1%), from €34,288 to €19,181
- Taxes -€2,459
down €2,459 (-43.1%), from €5,709 to €3,250
- Financial charges -€1,216
down €1,216 (-84.9%), from €1,432 to €216
- Financial income +€752
up €752 (+4.1%), from €18,500 to €19,252
- Other operating charges +€343
up €343 (+88.6%), from €387 to €730
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 | €715,530 | €699,276 | -€16,254 | -2.3% |
| Fixed assets | 21/28 | €37 | - | -€37 | |
| Tangible fixed assets | 22/27 | €37 | - | -€37 | |
| Furniture and vehicles | 24 | €37 | - | -€37 | |
| Current assets | 29/58 | €715,493 | €699,276 | -€16,217 | -2.3% |
| Amounts receivable after more than one year | 29 | €280,000 | €280,000 | = | 0.0% |
| Trade receivables | 290 | €280,000 | €280,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €323,619 | €239,666 | -€83,953 | -25.9% |
| Trade receivables | 40 | €91,374 | €32,215 | -€59,159 | -64.7% |
| Other amounts receivable | 41 | €232,245 | €207,451 | -€24,794 | -10.7% |
| Current investments | 50/53 | €80,004 | - | -€80,004 | |
| Cash at bank and in hand | 54/58 | €26,237 | €179,611 | +€153,373 | +585% |
| Deferred charges and accrued income | 490/1 | €5,633 | - | -€5,633 | |
| Total equity and liabilities | 10/49 | €715,530 | €699,276 | -€16,254 | -2.3% |
| Equity | 10/15 | €577,651 | €610,184 | +€32,533 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €325,860 | €358,360 | +€32,500 | +10.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €324,000 | €356,500 | +€32,500 | +10.0% |
| Profit (loss) carried forward | 14 | €233,191 | €233,224 | +€33 | 0.0% |
| Amounts payable | 17/49 | €137,879 | €89,093 | -€48,786 | -35.4% |
| Amounts payable within one year | 42/48 | €127,079 | €89,093 | -€37,986 | -29.9% |
| Trade debts | 44 | €39,935 | €1,701 | -€38,235 | -95.7% |
| Suppliers | 440/4 | €39,935 | €1,701 | -€38,235 | -95.7% |
| Taxes, remuneration and social security | 45 | €17,172 | €6,672 | -€10,499 | -61.1% |
| Taxes | 450/3 | €17,172 | €6,672 | -€10,499 | -61.1% |
| Other amounts payable | 47/48 | €69,972 | €80,720 | +€10,748 | +15.4% |
| Accrued charges and deferred income | 492/3 | €10,800 | - | -€10,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319 | €37 | -€282 | -88.5% |
| Other operating charges | 640/8 | €387 | €730 | +€343 | +88.6% |
| Gross operating margin | 9900 | €34,288 | €19,181 | -€15,107 | -44.1% |
| Operating profit (loss) | 9901 | €33,582 | €18,413 | -€15,169 | -45.2% |
| Financial income | 75/76B | €18,500 | €19,252 | +€752 | +4.1% |
| Recurring financial income | 75 | €18,500 | €19,252 | +€752 | +4.1% |
| Financial charges | 65/66B | €1,432 | €216 | -€1,216 | -84.9% |
| Recurring financial charges | 65 | €1,432 | €216 | -€1,216 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €50,650 | €37,449 | -€13,201 | -26.1% |
| Income taxes | 67/77 | €5,709 | €3,250 | -€2,459 | -43.1% |
| Profit (loss) for the period | 9904 | €44,941 | €34,199 | -€10,742 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,941 | €34,199 | -€10,742 | -23.9% |
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 25 October 2026 via checked.be.