BREWICK: 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.
BREWICK
Largest movements
- Financial fixed assets -€3.1m
down €3.1m (-24.4%), from €12.8m to €9.7m
- Cash +€1.7m
up €1.7m (+132.8%), from €1.3m to €3.0m
mainly Investment in fixed assets (net) (+€3.1m) and Net result for the year (+€911,090)
- Current investments -€170,643
down €170,643 (-14.3%), from €1.2m to €1.0m
- Other debts -€2.6m
down €2.6m (-47.9%), from €5.4m to €2.8m
- Reserves +€911,090
up €911,090 (+1794.8%), from €50,762 to €961,852
- Financial income +€932,971
up €932,971 (+616.1%), from €151,426 to €1.1m
of which Non-recurring financial income: +€999,366
- Taxes +€88,334
up €88,334 (+1650.4%), from €5,352 to €93,687
- Financial charges +€6,801
up €6,801, from -€4,704 to €2,096
- Gross operating margin +€5,811
up €5,811 (+7.4%), from -€78,077 to -€72,266
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 | €15,470,478 | €13,885,250 | -€1.6m | -10.2% |
| Fixed assets | 21/28 | €12,785,333 | €9,670,101 | -€3.1m | -24.4% |
| Tangible fixed assets | 22/27 | €5,777 | €8,708 | +€2,930 | +50.7% |
| Furniture and vehicles | 24 | €5,777 | €8,708 | +€2,930 | +50.7% |
| Financial fixed assets | 28 | €12,779,555 | €9,661,394 | -€3.1m | -24.4% |
| Current assets | 29/58 | €2,685,145 | €4,215,149 | +€1.5m | +57.0% |
| Amounts receivable within one year | 40/41 | €161,766 | €187,328 | +€25,561 | +15.8% |
| Other amounts receivable | 41 | €161,766 | €187,328 | +€25,561 | +15.8% |
| Current investments | 50/53 | €1,195,272 | €1,024,629 | -€170,643 | -14.3% |
| Cash at bank and in hand | 54/58 | €1,270,344 | €2,956,925 | +€1.7m | +132.8% |
| Deferred charges and accrued income | 490/1 | €57,762 | €46,267 | -€11,495 | -19.9% |
| Total equity and liabilities | 10/49 | €15,470,478 | €13,885,250 | -€1.6m | -10.2% |
| Equity | 10/15 | €10,066,550 | €10,977,640 | +€911,090 | +9.1% |
| Contributions | 10/11 | €8,518,750 | €8,518,750 | = | 0.0% |
| Reserves | 13 | €50,762 | €961,852 | +€911,090 | +1794.8% |
| Distributable reserves | 133 | €50,762 | €961,852 | +€911,090 | +1794.8% |
| Profit (loss) carried forward | 14 | €1,497,039 | €1,497,039 | = | 0.0% |
| Amounts payable | 17/49 | €5,403,927 | €2,907,610 | -€2.5m | -46.2% |
| Amounts payable within one year | 42/48 | €5,388,927 | €2,882,454 | -€2.5m | -46.5% |
| Trade debts | 44 | €3,076 | €21,139 | +€18,063 | +587.3% |
| Suppliers | 440/4 | €3,076 | €21,139 | +€18,063 | +587.3% |
| Taxes, remuneration and social security | 45 | €29,810 | €72,838 | +€43,028 | +144.3% |
| Taxes | 450/3 | €29,810 | €72,838 | +€43,028 | +144.3% |
| Other amounts payable | 47/48 | €5,356,042 | €2,788,478 | -€2.6m | -47.9% |
| Accrued charges and deferred income | 492/3 | €15,000 | €25,155 | +€10,155 | +67.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,482 | €3,926 | +€444 | +12.7% |
| Other operating charges | 640/8 | €1,897 | €1,332 | -€565 | -29.8% |
| Gross operating margin | 9900 | -€78,077 | -€72,266 | +€5,811 | +7.4% |
| Operating profit (loss) | 9901 | -€83,457 | -€77,524 | +€5,933 | +7.1% |
| Financial income | 75/76B | €151,426 | €1,084,397 | +€932,971 | +616.1% |
| Recurring financial income | 75 | €151,426 | €85,031 | -€66,395 | -43.8% |
| Non-recurring financial income | 76B | - | €999,366 | +€999,366 | |
| Financial charges | 65/66B | -€4,704 | €2,096 | +€6,801 | |
| Recurring financial charges | 65 | -€4,704 | €2,096 | +€6,801 | |
| Profit (loss) for the period before taxes | 9903 | €72,674 | €1,004,777 | +€932,103 | +1282.6% |
| Income taxes | 67/77 | €5,352 | €93,687 | +€88,334 | +1650.4% |
| Profit (loss) for the period | 9904 | €67,322 | €911,090 | +€843,769 | +1253.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,322 | €911,090 | +€843,769 | +1253.3% |
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 8 October 2026 via checked.be.