BREXTON: 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.
BREXTON
Largest movements
- Cash -€2.6m
down €2.6m (-92.6%), from €2.8m to €209,609
mainly Investment in fixed assets (net) (-€3.0m) and Stocks and contracts (-€2.0m)
- Financial fixed assets +€2.1m
up €2.1m (+241.7%), from €875,070 to €3.0m
- Stocks and contracts +€2.0m
up €2.0m (+36685.7%), from €5,537 to €2.0m
of which Stocks: +€2.0m
- Receivables within one year +€1.3m
up €1.3m (+746.2%), from €175,925 to €1.5m
of which Other amounts receivable: +€1.4m
- Tangible fixed assets +€598,461
up €598,461 (+4.9%), from €12.2m to €12.8m
of which Land and buildings: +€597,589
- Other debts +€884,561
up €884,561 (+704.6%), from €125,549 to €1.0m
- Debts after one year +€750,760
up €750,760 (+9.7%), from €7.7m to €8.5m
of which Financial debts: +€1.9m
- Short-term financial debts +€489,395
up €489,395 (+79.9%), from €612,672 to €1.1m
- Reserves +€252,600
up €252,600 (+7.7%), from €3.3m to €3.5m
of which Tax-exempt reserves: +€252,600
- Advances received +€230,682
up €230,682 (+4.0%), from €5.8m to €6.0m
- Taxes -€135,557
down €135,557 (-58.8%), from €230,681 to €95,124
- Other operating charges -€125,873
down €125,873 (-52.0%), from €242,207 to €116,334
- Financial charges -€56,251
down €56,251 (-31.1%), from €181,020 to €124,768
- Financial income -€55,195
down €55,195 (-67.9%), from €81,285 to €26,089
of which Financial income: -€63,699
- Staff costs +€52,312
up €52,312 (+602.4%), from €8,683 to €60,996
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 | €18,990,076 | €21,908,640 | +€2.9m | +15.4% |
| Fixed assets | 21/28 | €15,863,516 | €18,137,700 | +€2.3m | +14.3% |
| Intangible fixed assets | 21 | €2,800,076 | €2,360,817 | -€439,259 | -15.7% |
| Tangible fixed assets | 22/27 | €12,188,371 | €12,786,832 | +€598,461 | +4.9% |
| Land and buildings | 22 | €6,111,458 | €6,709,048 | +€597,589 | +9.8% |
| Plant, machinery and equipment | 23 | €83,695 | €89,313 | +€5,618 | +6.7% |
| Furniture and vehicles | 24 | €12,505 | €7,759 | -€4,746 | -38.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,501 | €1,501 | = | 0.0% |
| Assets under construction and advance payments | 27 | €5,979,211 | €5,979,211 | = | 0.0% |
| Financial fixed assets | 28 | €875,070 | €2,990,051 | +€2.1m | +241.7% |
| Current assets | 29/58 | €3,126,560 | €3,770,940 | +€644,381 | +20.6% |
| Stocks and contracts in progress | 3 | €5,537 | €2,036,774 | +€2.0m | +36685.7% |
| Stocks | 30/36 | - | €2,036,774 | +€2.0m | |
| Contracts in progress | 37 | €5,537 | - | -€5,537 | |
| Amounts receivable within one year | 40/41 | €175,925 | €1,488,662 | +€1.3m | +746.2% |
| Trade receivables | 40 | €139,856 | €79,302 | -€60,554 | -43.3% |
| Other amounts receivable | 41 | €36,069 | €1,409,360 | +€1.4m | +3807.4% |
| Cash at bank and in hand | 54/58 | €2,819,151 | €209,609 | -€2.6m | -92.6% |
| Deferred charges and accrued income | 490/1 | €125,947 | €35,895 | -€90,051 | -71.5% |
| Total equity and liabilities | 10/49 | €18,990,076 | €21,908,640 | +€2.9m | +15.4% |
| Equity | 10/15 | €2,802,373 | €3,231,230 | +€428,857 | +15.3% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €3,261,197 | €3,513,797 | +€252,600 | +7.7% |
| Non-distributable reserves | 130/1 | €31 | €31 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31 | €31 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,261,165 | €3,513,765 | +€252,600 | +7.7% |
| Profit (loss) carried forward | 14 | -€539,424 | -€363,167 | +€176,257 | +32.7% |
| Provisions and deferred taxes | 16 | €1,051,972 | €1,051,972 | = | 0.0% |
| Deferred taxes | 168 | €1,051,972 | €1,051,972 | = | 0.0% |
| Amounts payable | 17/49 | €15,135,732 | €17,625,438 | +€2.5m | +16.4% |
| Amounts payable after more than one year | 17 | €7,703,864 | €8,454,624 | +€750,760 | +9.7% |
| Financial debts | 170/4 | €6,570,131 | €8,454,624 | +€1.9m | +28.7% |
| Other amounts payable | 178/9 | €1,133,733 | - | -€1.1m | |
| Amounts payable within one year | 42/48 | €7,426,709 | €9,170,268 | +€1.7m | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €284,154 | €341,107 | +€56,953 | +20.0% |
| Financial debts | 43 | €612,672 | €1,102,067 | +€489,395 | +79.9% |
| Credit institutions | 430/8 | €612,672 | €1,102,067 | +€489,395 | +79.9% |
| Trade debts | 44 | €530,350 | €428,406 | -€101,944 | -19.2% |
| Suppliers | 440/4 | €530,350 | €428,406 | -€101,944 | -19.2% |
| Advances received on contracts in progress | 46 | €5,769,940 | €6,000,622 | +€230,682 | +4.0% |
| Taxes, remuneration and social security | 45 | €104,043 | €287,955 | +€183,911 | +176.8% |
| Taxes | 450/3 | €102,954 | €276,070 | +€173,116 | +168.1% |
| Remuneration and social security | 454/9 | €1,090 | €11,885 | +€10,795 | +990.7% |
| Other amounts payable | 47/48 | €125,549 | €1,010,111 | +€884,561 | +704.6% |
| Accrued charges and deferred income | 492/3 | €5,158 | €546 | -€4,612 | -89.4% |
| Non-recurring operating income | 76A | - | €57,554 | +€57,554 | |
| Remuneration, social security and pensions | 62 | €8,683 | €60,996 | +€52,312 | +602.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691,290 | €686,967 | -€4,323 | -0.6% |
| Other operating charges | 640/8 | €242,207 | €116,334 | -€125,873 | -52.0% |
| Non-recurring operating charges | 66A | €20,000 | €75,400 | +€55,400 | +277.0% |
| Gross operating margin | 9900 | €1,375,035 | €1,344,534 | -€30,501 | -2.2% |
| Operating profit (loss) | 9901 | €412,854 | €404,837 | -€8,017 | -1.9% |
| Financial income | 75/76B | €81,285 | €26,089 | -€55,195 | -67.9% |
| Recurring financial income | 75 | €81,285 | €17,585 | -€63,699 | -78.4% |
| Non-recurring financial income | 76B | - | €8,504 | +€8,504 | |
| Financial charges | 65/66B | €181,020 | €124,768 | -€56,251 | -31.1% |
| Recurring financial charges | 65 | €181,020 | €124,768 | -€56,251 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €313,119 | €306,158 | -€6,961 | -2.2% |
| Transfer from deferred taxes | 780 | €9,792 | - | -€9,792 | |
| Income taxes | 67/77 | €230,681 | €95,124 | -€135,557 | -58.8% |
| Profit (loss) for the period | 9904 | €92,229 | €211,034 | +€118,805 | +128.8% |
| Transfer from tax-exempt reserves | 789 | €26,481 | - | -€26,481 | |
| Transfer to tax-exempt reserves | 689 | €0 | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €118,710 | €63,684 | -€55,026 | -46.4% |
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 6 October 2026 via checked.be.