BREY'S: 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.
BREY'S
Largest movements
- Tangible fixed assets -€33,548
down €33,548 (-93.5%), from €35,864 to €2,316
of which Other tangible fixed assets: -€29,017
- Cash +€7,496
up €7,496 (+947.7%), from €791 to €8,287
mainly Investment in fixed assets (net) (+€36,694) and Other debts (+€32,636)
- Stocks and contracts +€6,577
new in 2025: €6,577
- Financial fixed assets -€3,300
no longer reported in 2025 (was €3,300)
- Receivables within one year -€3,161
down €3,161 (-52.8%), from €5,984 to €2,823
of which Trade receivables: -€2,511
- Debts after one year -€38,891
down €38,891 (-57.3%), from €67,889 to €28,998
of which Other amounts payable: -€30,000
- Other debts +€32,636
up €32,636 (+676.3%), from €4,826 to €37,462
- Profit (loss) carried forward -€16,756
down €16,756 (-18.3%), from -€91,707 to -€108,463
- Trade debts -€4,249
down €4,249 (-14.8%), from €28,670 to €24,421
- Tax, wage and social debts +€2,403
up €2,403 (+6865.7%), from €35 to €2,438
- Gross operating margin +€35,047
up €35,047, from -€29,212 to €5,835
- Other operating charges +€13,236
up €13,236 (+164.3%), from €8,054 to €21,290
- Depreciation -€10,235
down €10,235 (-98.5%), from €10,389 to €154
- Financial charges -€343
down €343 (-22.7%), from €1,514 to €1,171
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 | €45,939 | €20,003 | -€25,936 | -56.5% |
| Fixed assets | 21/28 | €39,164 | €2,316 | -€36,848 | -94.1% |
| Tangible fixed assets | 22/27 | €35,864 | €2,316 | -€33,548 | -93.5% |
| Plant, machinery and equipment | 23 | €2,410 | - | -€2,410 | |
| Furniture and vehicles | 24 | €4,437 | €2,316 | -€2,121 | -47.8% |
| Other tangible fixed assets | 26 | €29,017 | - | -€29,017 | |
| Financial fixed assets | 28 | €3,300 | - | -€3,300 | |
| Current assets | 29/58 | €6,775 | €17,687 | +€10,912 | +161.1% |
| Stocks and contracts in progress | 3 | - | €6,577 | +€6,577 | |
| Stocks | 30/36 | - | €6,577 | +€6,577 | |
| Amounts receivable within one year | 40/41 | €5,984 | €2,823 | -€3,161 | -52.8% |
| Trade receivables | 40 | €5,334 | €2,823 | -€2,511 | -47.1% |
| Other amounts receivable | 41 | €650 | - | -€650 | |
| Cash at bank and in hand | 54/58 | €791 | €8,287 | +€7,496 | +947.7% |
| Total equity and liabilities | 10/49 | €45,939 | €20,003 | -€25,936 | -56.5% |
| Equity | 10/15 | -€66,707 | -€83,463 | -€16,756 | -25.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,707 | -€108,463 | -€16,756 | -18.3% |
| Amounts payable | 17/49 | €112,646 | €103,466 | -€9,180 | -8.1% |
| Amounts payable after more than one year | 17 | €67,889 | €28,998 | -€38,891 | -57.3% |
| Financial debts | 170/4 | €17,889 | €8,998 | -€8,891 | -49.7% |
| Other amounts payable | 178/9 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Amounts payable within one year | 42/48 | €41,498 | €73,212 | +€31,714 | +76.4% |
| Current portion of amounts payable after more than one year | 42 | €7,967 | €8,891 | +€924 | +11.6% |
| Trade debts | 44 | €28,670 | €24,421 | -€4,249 | -14.8% |
| Suppliers | 440/4 | €28,670 | €24,421 | -€4,249 | -14.8% |
| Taxes, remuneration and social security | 45 | €35 | €2,438 | +€2,403 | +6865.7% |
| Taxes | 450/3 | €35 | €2,438 | +€2,403 | +6865.7% |
| Other amounts payable | 47/48 | €4,826 | €37,462 | +€32,636 | +676.3% |
| Accrued charges and deferred income | 492/3 | €3,259 | €1,256 | -€2,003 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,389 | €154 | -€10,235 | -98.5% |
| Other operating charges | 640/8 | €8,054 | €21,290 | +€13,236 | +164.3% |
| Gross operating margin | 9900 | -€29,212 | €5,835 | +€35,047 | |
| Operating profit (loss) | 9901 | -€47,655 | -€15,609 | +€32,046 | +67.2% |
| Financial income | 75/76B | €24 | €26 | +€2 | +8.3% |
| Recurring financial income | 75 | €24 | €26 | +€2 | +8.3% |
| Financial charges | 65/66B | €1,514 | €1,171 | -€343 | -22.7% |
| Recurring financial charges | 65 | €1,514 | €1,171 | -€343 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€49,145 | -€16,754 | +€32,391 | +65.9% |
| Profit (loss) for the period | 9904 | -€49,145 | -€16,754 | +€32,391 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,145 | -€16,754 | +€32,391 | +65.9% |
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 3 October 2026 via checked.be.