BreVo Projects: 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.
BreVo Projects
Largest movements
- Stocks and contracts -€846,087
down €846,087 (-9.4%), from €9.0m to €8.1m
- Cash +€100,578
up €100,578 (+36.0%), from €279,321 to €379,898
mainly Stocks and contracts (+€846,087) and Debts after one year (+€463,371)
- Short-term financial debts -€1.5m
down €1.5m (-27.2%), from €5.4m to €3.9m
- Debts after one year +€463,371
up €463,371 (+10.7%), from €4.3m to €4.8m
- Other debts +€207,872
up €207,872 (+57.8%), from €359,869 to €567,742
- Gross operating margin +€270,247
up €270,247 (+122%), from €221,640 to €491,887
- Financial charges -€173,148
down €173,148 (-24.9%), from €695,636 to €522,488
- Other operating charges +€12,232
up €12,232 (+56.0%), from €21,847 to €34,079
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 | €9,324,387 | €8,571,080 | -€753,307 | -8.1% |
| Current assets | 29/58 | €9,324,387 | €8,571,080 | -€753,307 | -8.1% |
| Stocks and contracts in progress | 3 | €8,985,955 | €8,139,868 | -€846,087 | -9.4% |
| Stocks | 30/36 | €8,985,955 | €8,139,868 | -€846,087 | -9.4% |
| Amounts receivable within one year | 40/41 | €54,754 | €37,880 | -€16,875 | -30.8% |
| Trade receivables | 40 | €46,000 | €10,022 | -€35,978 | -78.2% |
| Other amounts receivable | 41 | €8,754 | €27,857 | +€19,103 | +218% |
| Cash at bank and in hand | 54/58 | €279,321 | €379,898 | +€100,578 | +36.0% |
| Deferred charges and accrued income | 490/1 | €4,357 | €13,434 | +€9,077 | +208% |
| Total equity and liabilities | 10/49 | €9,324,387 | €8,571,080 | -€753,307 | -8.1% |
| Equity | 10/15 | -€1,062,210 | -€1,126,618 | -€64,407 | -6.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,069,710 | -€1,134,118 | -€64,407 | -6.0% |
| Amounts payable | 17/49 | €10,386,597 | €9,697,697 | -€688,900 | -6.6% |
| Amounts payable after more than one year | 17 | €4,315,983 | €4,779,354 | +€463,371 | +10.7% |
| Financial debts | 170/4 | €4,315,983 | €4,779,354 | +€463,371 | +10.7% |
| Amounts payable within one year | 42/48 | €6,065,349 | €4,912,480 | -€1.2m | -19.0% |
| Financial debts | 43 | €5,403,008 | €3,932,626 | -€1.5m | -27.2% |
| Credit institutions | 430/8 | €5,403,008 | €3,932,626 | -€1.5m | -27.2% |
| Trade debts | 44 | €238,958 | €296,600 | +€57,642 | +24.1% |
| Suppliers | 440/4 | €238,958 | €296,600 | +€57,642 | +24.1% |
| Taxes, remuneration and social security | 45 | €63,514 | €115,513 | +€51,999 | +81.9% |
| Taxes | 450/3 | €63,514 | €115,513 | +€51,999 | +81.9% |
| Other amounts payable | 47/48 | €359,869 | €567,742 | +€207,872 | +57.8% |
| Accrued charges and deferred income | 492/3 | €5,265 | €5,863 | +€598 | +11.4% |
| Other operating charges | 640/8 | €21,847 | €34,079 | +€12,232 | +56.0% |
| Non-recurring operating charges | 66A | €2,500 | €0 | -€2,500 | -100% |
| Gross operating margin | 9900 | €221,640 | €491,887 | +€270,247 | +122% |
| Operating profit (loss) | 9901 | €197,293 | €457,808 | +€260,515 | +132% |
| Financial income | 75/76B | €1,940 | €273 | -€1,667 | -85.9% |
| Recurring financial income | 75 | €1,940 | €273 | -€1,667 | -85.9% |
| Financial charges | 65/66B | €695,636 | €522,488 | -€173,148 | -24.9% |
| Recurring financial charges | 65 | €695,636 | €522,488 | -€173,148 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€496,403 | -€64,407 | +€431,996 | +87.0% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€496,403 | -€64,407 | +€431,996 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€496,403 | -€64,407 | +€431,996 | +87.0% |
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 18 October 2026 via checked.be.