NEW BRE: 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.
NEW BRE
Largest movements
- Financial fixed assets -€2.4m
down €2.4m (-97.7%), from €2.5m to €56,121
- Tangible fixed assets -€383,773
down €383,773 (-24.4%), from €1.6m to €1.2m
of which Land and buildings: -€355,545
- Profit (loss) carried forward -€2.2m
down €2.2m, from €530,148 to -€1.7m
- Debts after one year -€329,216
down €329,216 (-38.3%), from €859,133 to €529,916
- Reserves -€240,539
down €240,539 (-30.0%), from €801,386 to €560,847
of which Tax-exempt reserves: -€240,539
- Provisions -€80,004
down €80,004 (-6.4%), from €1.2m to €1.2m
of which Deferred taxes: -€80,180
- Other debts +€47,128
up €47,128 (+10.3%), from €458,879 to €506,007
- Gross operating margin -€23,429
down €23,429 (-22.5%), from €104,186 to €80,758
- Other operating charges -€11,445
down €11,445 (-44.7%), from €25,617 to €14,173
- Depreciation -€9,020
down €9,020 (-10.5%), from €86,083 to €77,063
- Financial charges -€2,558
down €2,558 (-4.2%), from €60,376 to €57,818
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 | €4,060,864 | €1,275,846 | -€2.8m | -68.6% |
| Fixed assets | 21/28 | €4,044,348 | €1,245,430 | -€2.8m | -69.2% |
| Tangible fixed assets | 22/27 | €1,573,083 | €1,189,310 | -€383,773 | -24.4% |
| Land and buildings | 22 | €1,480,649 | €1,125,104 | -€355,545 | -24.0% |
| Furniture and vehicles | 24 | €92,434 | €64,206 | -€28,228 | -30.5% |
| Financial fixed assets | 28 | €2,471,265 | €56,121 | -€2.4m | -97.7% |
| Current assets | 29/58 | €16,516 | €30,416 | +€13,900 | +84.2% |
| Amounts receivable within one year | 40/41 | €9,135 | €10,335 | +€1,200 | +13.1% |
| Trade receivables | 40 | €8,600 | €9,800 | +€1,200 | +14.0% |
| Other amounts receivable | 41 | €535 | €535 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,912 | €14,885 | +€11,973 | +411% |
| Deferred charges and accrued income | 490/1 | €4,469 | €5,196 | +€727 | +16.3% |
| Total equity and liabilities | 10/49 | €4,060,864 | €1,275,846 | -€2.8m | -68.6% |
| Equity | 10/15 | €1,445,573 | -€987,186 | -€2.4m | |
| Contributions | 10/11 | €114,039 | €114,039 | = | 0.0% |
| Capital | 10 | €114,039 | €114,039 | = | 0.0% |
| Issued capital | 100 | €114,039 | €114,039 | = | 0.0% |
| Reserves | 13 | €801,386 | €560,847 | -€240,539 | -30.0% |
| Non-distributable reserves | 130/1 | €10,702 | €10,702 | = | 0.0% |
| Legal reserve | 130 | €10,702 | €10,702 | = | 0.0% |
| Tax-exempt reserves | 132 | €426,647 | €186,109 | -€240,539 | -56.4% |
| Distributable reserves | 133 | €364,037 | €364,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | €530,148 | -€1,662,073 | -€2.2m | |
| Provisions and deferred taxes | 16 | €1,247,585 | €1,167,581 | -€80,004 | -6.4% |
| Provisions for liabilities and charges | 160/5 | €1,105,369 | €1,105,545 | +€175 | 0.0% |
| Environmental obligations | 163 | €1,105,369 | €1,105,545 | +€175 | 0.0% |
| Deferred taxes | 168 | €142,216 | €62,036 | -€80,180 | -56.4% |
| Amounts payable | 17/49 | €1,367,705 | €1,095,452 | -€272,254 | -19.9% |
| Amounts payable after more than one year | 17 | €859,133 | €529,916 | -€329,216 | -38.3% |
| Financial debts | 170/4 | €859,133 | €529,916 | -€329,216 | -38.3% |
| Amounts payable within one year | 42/48 | €508,573 | €565,535 | +€56,963 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €44,111 | €54,609 | +€10,498 | +23.8% |
| Trade debts | 44 | €4,726 | €4,109 | -€617 | -13.1% |
| Suppliers | 440/4 | €4,726 | €4,109 | -€617 | -13.1% |
| Taxes, remuneration and social security | 45 | €856 | €810 | -€46 | -5.3% |
| Taxes | 450/3 | €856 | €810 | -€46 | -5.3% |
| Other amounts payable | 47/48 | €458,879 | €506,007 | +€47,128 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,083 | €77,063 | -€9,020 | -10.5% |
| Other operating charges | 640/8 | €25,617 | €14,173 | -€11,445 | -44.7% |
| Non-recurring operating charges | 66A | €10,835 | €2,444,470 | +€2.4m | +22,462% |
| Gross operating margin | 9900 | €104,186 | €80,758 | -€23,429 | -22.5% |
| Operating profit (loss) | 9901 | -€18,348 | -€2,454,948 | -€2.4m | -13,280% |
| Financial income | 75/76B | €0 | €7 | +€7 | +35,700% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +35,700% |
| Financial charges | 65/66B | €60,376 | €57,818 | -€2,558 | -4.2% |
| Recurring financial charges | 65 | €60,376 | €57,818 | -€2,558 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€78,725 | -€2,512,759 | -€2.4m | -3,092% |
| Transfer from deferred taxes | 780 | €7,308 | €80,180 | +€72,872 | +997% |
| Income taxes | 67/77 | €246 | €180 | -€66 | -26.7% |
| Profit (loss) for the period | 9904 | -€71,663 | -€2,432,760 | -€2.4m | -3,295% |
| Transfer from tax-exempt reserves | 789 | €21,923 | €240,539 | +€218,616 | +997% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,740 | -€2,192,221 | -€2.1m | -4,307% |
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 16 October 2026 via checked.be.