BREVO: 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.
BREVO
Largest movements
- Tangible fixed assets +€59,104
up €59,104 (+22.1%), from €267,991 to €327,094
of which Furniture and vehicles: +€77,333
- Cash -€40,639
down €40,639 (-63.6%), from €63,866 to €23,227
mainly Investment in fixed assets (net) (-€118,630) and Debts after one year (-€37,910)
- Receivables within one year -€21,458
down €21,458 (-46.6%), from €46,094 to €24,636
of which Trade receivables: -€22,996
- Debts after one year -€37,910
down €37,910 (-18.7%), from €202,452 to €164,542
- Other debts +€23,497
up €23,497 (+132.2%), from €17,768 to €41,265
- Trade debts +€4,332
up €4,332 (+24.2%), from €17,870 to €22,202
- Reserves +€4,168
up €4,168 (+5.0%), from €83,721 to €87,889
- Gross operating margin -€25,799
down €25,799 (-24.7%), from €104,350 to €78,551
- Taxes -€10,509
down €10,509 (-83.6%), from €12,566 to €2,058
- Depreciation +€10,454
up €10,454 (+21.3%), from €49,072 to €59,526
- Other operating charges +€4,391
up €4,391 (+231.6%), from €1,896 to €6,286
- Write-downs -€2,188
down €2,188, from €1,094 to -€1,094
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 | €388,202 | €384,915 | -€3,287 | -0.8% |
| Fixed assets | 21/28 | €275,526 | €334,629 | +€59,104 | +21.5% |
| Tangible fixed assets | 22/27 | €267,991 | €327,094 | +€59,104 | +22.1% |
| Land and buildings | 22 | €122,826 | €116,981 | -€5,845 | -4.8% |
| Plant, machinery and equipment | 23 | €86,266 | €73,881 | -€12,385 | -14.4% |
| Furniture and vehicles | 24 | €58,898 | €136,232 | +€77,333 | +131.3% |
| Financial fixed assets | 28 | €7,535 | €7,535 | = | 0.0% |
| Current assets | 29/58 | €112,676 | €50,286 | -€62,391 | -55.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €46,094 | €24,636 | -€21,458 | -46.6% |
| Trade receivables | 40 | €43,799 | €20,803 | -€22,996 | -52.5% |
| Other amounts receivable | 41 | €2,295 | €3,833 | +€1,538 | +67.0% |
| Cash at bank and in hand | 54/58 | €63,866 | €23,227 | -€40,639 | -63.6% |
| Deferred charges and accrued income | 490/1 | €2,716 | €2,423 | -€293 | -10.8% |
| Total equity and liabilities | 10/49 | €388,202 | €384,915 | -€3,287 | -0.8% |
| Equity | 10/15 | €96,221 | €100,389 | +€4,168 | +4.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €83,721 | €87,889 | +€4,168 | +5.0% |
| Distributable reserves | 133 | €83,721 | €87,889 | +€4,168 | +5.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €291,981 | €284,526 | -€7,455 | -2.6% |
| Amounts payable after more than one year | 17 | €202,452 | €164,542 | -€37,910 | -18.7% |
| Financial debts | 170/4 | €202,452 | €164,542 | -€37,910 | -18.7% |
| Amounts payable within one year | 42/48 | €89,382 | €119,984 | +€30,602 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €44,838 | €45,222 | +€384 | +0.9% |
| Trade debts | 44 | €17,870 | €22,202 | +€4,332 | +24.2% |
| Suppliers | 440/4 | €17,870 | €22,202 | +€4,332 | +24.2% |
| Advances received on contracts in progress | 46 | - | €1,035 | +€1,035 | |
| Taxes, remuneration and social security | 45 | €8,906 | €10,260 | +€1,354 | +15.2% |
| Taxes | 450/3 | €8,906 | €8,357 | -€549 | -6.2% |
| Remuneration and social security | 454/9 | - | €1,903 | +€1,903 | |
| Other amounts payable | 47/48 | €17,768 | €41,265 | +€23,497 | +132.2% |
| Accrued charges and deferred income | 492/3 | €147 | €0 | -€147 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,072 | €59,526 | +€10,454 | +21.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,094 | -€1,094 | -€2,188 | |
| Other operating charges | 640/8 | €1,896 | €6,286 | +€4,391 | +231.6% |
| Gross operating margin | 9900 | €104,350 | €78,551 | -€25,799 | -24.7% |
| Operating profit (loss) | 9901 | €52,288 | €13,832 | -€38,455 | -73.5% |
| Financial income | 75/76B | - | €156 | +€156 | |
| Recurring financial income | 75 | - | €156 | +€156 | |
| Financial charges | 65/66B | €6,682 | €6,904 | +€222 | +3.3% |
| Recurring financial charges | 65 | €6,682 | €6,904 | +€222 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €45,606 | €7,085 | -€38,521 | -84.5% |
| Income taxes | 67/77 | €12,566 | €2,058 | -€10,509 | -83.6% |
| Profit (loss) for the period | 9904 | €33,039 | €5,027 | -€28,012 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,039 | €5,027 | -€28,012 | -84.8% |
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 29 September 2026 via checked.be.