INE BREBELS EDELSMID: 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.
INE BREBELS EDELSMID
Largest movements
- Cash +€27,885
up €27,885 (+37.8%), from €73,706 to €101,591
mainly Other debts (+€91,516) and Net result for the year (+€46,264)
- Tangible fixed assets -€14,773
down €14,773 (-27.0%), from €54,695 to €39,922
of which Furniture and vehicles: -€15,755
- Stocks and contracts +€11,500
up €11,500 (+23.7%), from €48,500 to €60,000
- Receivables within one year -€4,062
down €4,062 (-67.1%), from €6,053 to €1,991
of which Trade receivables: -€5,508
- Profit (loss) carried forward -€113,504
down €113,504 (-100%), from €113,504 to €0
- Other debts +€91,516
up €91,516 (+813%), from €11,258 to €102,775
- Reserves +€46,264
new in 2025: €46,264
- Tax, wage and social debts +€15,840
up €15,840 (+173%), from €9,148 to €24,989
- Debts after one year -€12,185
down €12,185 (-49.6%), from €24,576 to €12,391
- Gross operating margin +€20,097
up €20,097 (+31.6%), from €63,530 to €83,626
- Taxes +€9,427
up €9,427 (+109%), from €8,615 to €18,042
- Depreciation -€3,297
down €3,297 (-15.1%), from €21,843 to €18,547
- Financial income +€909
up €909 (+379%), from €240 to €1,149
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 | €185,459 | €205,975 | +€20,516 | +11.1% |
| Fixed assets | 21/28 | €54,695 | €39,922 | -€14,773 | -27.0% |
| Tangible fixed assets | 22/27 | €54,695 | €39,922 | -€14,773 | -27.0% |
| Land and buildings | 22 | €7,578 | €8,630 | +€1,052 | +13.9% |
| Plant, machinery and equipment | 23 | €71 | €0 | -€71 | -100% |
| Furniture and vehicles | 24 | €47,046 | €31,291 | -€15,755 | -33.5% |
| Current assets | 29/58 | €130,764 | €166,053 | +€35,289 | +27.0% |
| Stocks and contracts in progress | 3 | €48,500 | €60,000 | +€11,500 | +23.7% |
| Stocks | 30/36 | €48,500 | €60,000 | +€11,500 | +23.7% |
| Amounts receivable within one year | 40/41 | €6,053 | €1,991 | -€4,062 | -67.1% |
| Trade receivables | 40 | €5,508 | €0 | -€5,508 | -100% |
| Other amounts receivable | 41 | €545 | €1,991 | +€1,446 | +265% |
| Cash at bank and in hand | 54/58 | €73,706 | €101,591 | +€27,885 | +37.8% |
| Deferred charges and accrued income | 490/1 | €2,505 | €2,471 | -€34 | -1.4% |
| Total equity and liabilities | 10/49 | €185,459 | €205,975 | +€20,516 | +11.1% |
| Equity | 10/15 | €116,504 | €49,264 | -€67,240 | -57.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €46,264 | +€46,264 | |
| Distributable reserves | 133 | - | €46,264 | +€46,264 | |
| Profit (loss) carried forward | 14 | €113,504 | €0 | -€113,504 | -100% |
| Amounts payable | 17/49 | €68,955 | €156,710 | +€87,756 | +127% |
| Amounts payable after more than one year | 17 | €24,576 | €12,391 | -€12,185 | -49.6% |
| Financial debts | 170/4 | €24,576 | €12,391 | -€12,185 | -49.6% |
| Amounts payable within one year | 42/48 | €44,378 | €144,320 | +€99,941 | +225% |
| Current portion of amounts payable after more than one year | 42 | €13,025 | €12,185 | -€840 | -6.4% |
| Trade debts | 44 | €10,946 | €4,371 | -€6,576 | -60.1% |
| Suppliers | 440/4 | €10,946 | €4,371 | -€6,576 | -60.1% |
| Taxes, remuneration and social security | 45 | €9,148 | €24,989 | +€15,840 | +173% |
| Taxes | 450/3 | €9,148 | €24,989 | +€15,840 | +173% |
| Other amounts payable | 47/48 | €11,258 | €102,775 | +€91,516 | +813% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,843 | €18,547 | -€3,297 | -15.1% |
| Other operating charges | 640/8 | €538 | €449 | -€89 | -16.5% |
| Gross operating margin | 9900 | €63,530 | €83,626 | +€20,097 | +31.6% |
| Operating profit (loss) | 9901 | €41,148 | €64,630 | +€23,482 | +57.1% |
| Financial income | 75/76B | €240 | €1,149 | +€909 | +379% |
| Recurring financial income | 75 | €240 | €1,149 | +€909 | +379% |
| Financial charges | 65/66B | €1,672 | €1,473 | -€199 | -11.9% |
| Recurring financial charges | 65 | €1,672 | €1,473 | -€199 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €39,716 | €64,306 | +€24,590 | +61.9% |
| Income taxes | 67/77 | €8,615 | €18,042 | +€9,427 | +109% |
| Profit (loss) for the period | 9904 | €31,101 | €46,264 | +€15,163 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,101 | €46,264 | +€15,163 | +48.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.