BRIELGA: 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.
BRIELGA
Largest movements
- Receivables within one year +€893,187
up €893,187 (+592%), from €150,796 to €1.0m
of which Trade receivables: +€933,999
- Tangible fixed assets +€860,818
up €860,818 (+1,012%), from €85,071 to €945,889
of which Land and buildings: +€835,371
- Cash -€111,459
down €111,459 (-52.8%), from €211,098 to €99,639
mainly Investment in fixed assets (net) (-€913,985) and Receivables within one year (-€893,187)
- Trade debts +€865,930
up €865,930 (+1,039%), from €83,347 to €949,277
- Debts after one year +€658,706
up €658,706 (+1,995%), from €33,016 to €691,722
- Tax, wage and social debts +€67,787
up €67,787 (+71.9%), from €94,339 to €162,126
of which Taxes: +€42,930
- Reserves +€30,000
up €30,000 (+20.0%), from €150,000 to €180,000
- Current portion of long-term debt +€22,913
up €22,913 (+263%), from €8,708 to €31,621
- Gross operating margin -€193,368
down €193,368 (-48.9%), from €395,458 to €202,090
- Taxes -€75,279
down €75,279 (-84.0%), from €89,585 to €14,306
- Staff costs +€50,050
up €50,050 (+185%), from €27,003 to €77,053
- Depreciation +€37,785
up €37,785 (+246%), from €15,382 to €53,167
- Financial charges +€20,918
up €20,918 (+731%), from €2,863 to €23,781
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 | €449,293 | €2,101,810 | +€1.7m | +368% |
| Fixed assets | 21/28 | €85,071 | €945,889 | +€860,818 | +1,012% |
| Tangible fixed assets | 22/27 | €85,071 | €945,889 | +€860,818 | +1,012% |
| Land and buildings | 22 | - | €835,371 | +€835,371 | |
| Plant, machinery and equipment | 23 | €17,625 | €51,961 | +€34,336 | +195% |
| Furniture and vehicles | 24 | €21,630 | €22,816 | +€1,186 | +5.5% |
| Leasing and similar rights | 25 | €41,090 | €31,517 | -€9,573 | -23.3% |
| Other tangible fixed assets | 26 | €4,726 | €4,224 | -€502 | -10.6% |
| Current assets | 29/58 | €364,222 | €1,155,921 | +€791,699 | +217% |
| Stocks and contracts in progress | 3 | - | €9,457 | +€9,457 | |
| Stocks | 30/36 | - | €9,457 | +€9,457 | |
| Amounts receivable within one year | 40/41 | €150,796 | €1,043,983 | +€893,187 | +592% |
| Trade receivables | 40 | - | €933,999 | +€933,999 | |
| Other amounts receivable | 41 | €150,796 | €109,985 | -€40,811 | -27.1% |
| Cash at bank and in hand | 54/58 | €211,098 | €99,639 | -€111,459 | -52.8% |
| Deferred charges and accrued income | 490/1 | €2,328 | €2,841 | +€513 | +22.0% |
| Total equity and liabilities | 10/49 | €449,293 | €2,101,810 | +€1.7m | +368% |
| Equity | 10/15 | €229,883 | €267,063 | +€37,180 | +16.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €180,000 | +€30,000 | +20.0% |
| Distributable reserves | 133 | €150,000 | €180,000 | +€30,000 | +20.0% |
| Profit (loss) carried forward | 14 | €75,883 | €83,063 | +€7,180 | +9.5% |
| Amounts payable | 17/49 | €219,410 | €1,834,747 | +€1.6m | +736% |
| Amounts payable after more than one year | 17 | €33,016 | €691,722 | +€658,706 | +1,995% |
| Financial debts | 170/4 | €33,016 | €691,722 | +€658,706 | +1,995% |
| Amounts payable within one year | 42/48 | €186,394 | €1,143,024 | +€956,630 | +513% |
| Current portion of amounts payable after more than one year | 42 | €8,708 | €31,621 | +€22,913 | +263% |
| Trade debts | 44 | €83,347 | €949,277 | +€865,930 | +1,039% |
| Suppliers | 440/4 | €83,347 | €949,277 | +€865,930 | +1,039% |
| Taxes, remuneration and social security | 45 | €94,339 | €162,126 | +€67,787 | +71.9% |
| Taxes | 450/3 | €91,477 | €134,407 | +€42,930 | +46.9% |
| Remuneration and social security | 454/9 | €2,862 | €27,719 | +€24,857 | +869% |
| Remuneration, social security and pensions | 62 | €27,003 | €77,053 | +€50,050 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,382 | €53,167 | +€37,785 | +246% |
| Other operating charges | 640/8 | €4,742 | €2,540 | -€2,202 | -46.4% |
| Gross operating margin | 9900 | €395,458 | €202,090 | -€193,368 | -48.9% |
| Operating profit (loss) | 9901 | €348,331 | €69,331 | -€279,000 | -80.1% |
| Financial income | 75/76B | - | €5,937 | +€5,937 | |
| Recurring financial income | 75 | - | €5,937 | +€5,937 | |
| Financial charges | 65/66B | €2,863 | €23,781 | +€20,918 | +731% |
| Recurring financial charges | 65 | €2,863 | €23,781 | +€20,918 | +731% |
| Profit (loss) for the period before taxes | 9903 | €345,468 | €51,487 | -€293,981 | -85.1% |
| Income taxes | 67/77 | €89,585 | €14,306 | -€75,279 | -84.0% |
| Profit (loss) for the period | 9904 | €255,883 | €37,181 | -€218,702 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €255,883 | €37,181 | -€218,702 | -85.5% |
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 29 October 2026 via checked.be.