BREWSTER: 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.
BREWSTER
Largest movements
- Deferred charges and accrued income +€179,077
up €179,077 (+5555.7%), from €3,223 to €182,300
- Tangible fixed assets -€17,029
down €17,029 (-7.0%), from €244,339 to €227,310
- Cash +€11,487
up €11,487 (+158.1%), from €7,267 to €18,753
mainly Other debts (+€136,250) and Trade debts (+€45,756)
- Other debts +€136,250
up €136,250 (+209.2%), from €65,130 to €201,380
- Trade debts +€45,756
up €45,756 (+20.4%), from €223,801 to €269,557
- Profit (loss) carried forward -€24,693
down €24,693 (-84.6%), from -€29,194 to -€53,887
- Tax, wage and social debts +€15,515
up €15,515 (+4039.9%), from €384 to €15,899
of which Remuneration and social security: +€12,422
- Gross operating margin +€135,686
up €135,686 (+353.7%), from €38,361 to €174,048
- Staff costs +€97,654
up €97,654 (+159.6%), from €61,200 to €158,854
- Depreciation +€27,375
up €27,375 (+460.3%), from €5,948 to €33,322
- Financial charges +€6,103
up €6,103 (+30700.4%), from €20 to €6,123
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 | €316,009 | €490,873 | +€174,864 | +55.3% |
| Fixed assets | 21/28 | €244,339 | €227,310 | -€17,029 | -7.0% |
| Tangible fixed assets | 22/27 | €244,339 | €227,310 | -€17,029 | -7.0% |
| Other tangible fixed assets | 26 | €244,339 | €227,310 | -€17,029 | -7.0% |
| Current assets | 29/58 | €71,671 | €263,564 | +€191,893 | +267.7% |
| Stocks and contracts in progress | 3 | €7,325 | €7,211 | -€115 | -1.6% |
| Stocks | 30/36 | €7,325 | €7,211 | -€115 | -1.6% |
| Amounts receivable within one year | 40/41 | €53,855 | €55,300 | +€1,444 | +2.7% |
| Trade receivables | 40 | €5,897 | €9,168 | +€3,271 | +55.5% |
| Other amounts receivable | 41 | €47,958 | €46,132 | -€1,826 | -3.8% |
| Cash at bank and in hand | 54/58 | €7,267 | €18,753 | +€11,487 | +158.1% |
| Deferred charges and accrued income | 490/1 | €3,223 | €182,300 | +€179,077 | +5555.7% |
| Total equity and liabilities | 10/49 | €316,009 | €490,873 | +€174,864 | +55.3% |
| Equity | 10/15 | €16,622 | -€8,071 | -€24,693 | |
| Contributions | 10/11 | €7,970 | €7,970 | = | 0.0% |
| Reserves | 13 | €37,846 | €37,846 | = | 0.0% |
| Distributable reserves | 133 | €37,846 | €37,846 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,194 | -€53,887 | -€24,693 | -84.6% |
| Amounts payable | 17/49 | €299,387 | €498,944 | +€199,557 | +66.7% |
| Amounts payable within one year | 42/48 | €289,315 | €486,836 | +€197,521 | +68.3% |
| Trade debts | 44 | €223,801 | €269,557 | +€45,756 | +20.4% |
| Suppliers | 440/4 | €223,801 | €269,557 | +€45,756 | +20.4% |
| Taxes, remuneration and social security | 45 | €384 | €15,899 | +€15,515 | +4039.9% |
| Taxes | 450/3 | €384 | €3,477 | +€3,093 | +805.4% |
| Remuneration and social security | 454/9 | - | €12,422 | +€12,422 | |
| Other amounts payable | 47/48 | €65,130 | €201,380 | +€136,250 | +209.2% |
| Accrued charges and deferred income | 492/3 | €10,072 | €12,108 | +€2,037 | +20.2% |
| Remuneration, social security and pensions | 62 | €61,200 | €158,854 | +€97,654 | +159.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,948 | €33,322 | +€27,375 | +460.3% |
| Other operating charges | 640/8 | €387 | €500 | +€112 | +29.0% |
| Gross operating margin | 9900 | €38,361 | €174,048 | +€135,686 | +353.7% |
| Operating profit (loss) | 9901 | -€29,174 | -€18,629 | +€10,545 | +36.1% |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €20 | €6,123 | +€6,103 | +30700.4% |
| Recurring financial charges | 65 | €20 | €6,123 | +€6,103 | +30700.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,194 | -€24,693 | +€4,501 | +15.4% |
| Profit (loss) for the period | 9904 | -€29,194 | -€24,693 | +€4,501 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,194 | -€24,693 | +€4,501 | +15.4% |
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 11 October 2026 via checked.be.