B&R Development: 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.
B&R Development
Largest movements
- Stocks and contracts -€477,418
down €477,418 (-9.1%), from €5.2m to €4.8m
- Profit (loss) carried forward -€838,234
down €838,234 (-63.0%), from -€1.3m to -€2.2m
- Other debts +€524,079
up €524,079 (+9.8%), from €5.4m to €5.9m
- Trade debts -€226,911
down €226,911 (-42.0%), from €540,021 to €313,110
- Gross operating margin -€603,068
down €603,068 (-86.0%), from €701,598 to €98,530
- Taxes -€244,327
down €244,327 (-99.5%), from €245,482 to €1,155
- Staff costs -€140,185
down €140,185 (-18.9%), from €739,811 to €599,627
- Financial charges -€44,090
down €44,090 (-11.7%), from €376,757 to €332,667
of which Financial charges: -€44,256
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 | €7,644,213 | €7,089,332 | -€554,881 | -7.3% |
| Fixed assets | 21/28 | €1,377,243 | €1,382,797 | +€5,554 | +0.4% |
| Tangible fixed assets | 22/27 | - | €1,720 | +€1,720 | |
| Plant, machinery and equipment | 23 | - | €1,720 | +€1,720 | |
| Financial fixed assets | 28 | €1,377,243 | €1,381,077 | +€3,834 | +0.3% |
| Current assets | 29/58 | €6,266,970 | €5,706,535 | -€560,435 | -8.9% |
| Stocks and contracts in progress | 3 | €5,248,167 | €4,770,748 | -€477,418 | -9.1% |
| Contracts in progress | 37 | €5,248,167 | €4,770,748 | -€477,418 | -9.1% |
| Amounts receivable within one year | 40/41 | €964,172 | €904,850 | -€59,322 | -6.2% |
| Trade receivables | 40 | €934,736 | €890,606 | -€44,130 | -4.7% |
| Other amounts receivable | 41 | €29,436 | €14,244 | -€15,192 | -51.6% |
| Cash at bank and in hand | 54/58 | €34,632 | €30,936 | -€3,695 | -10.7% |
| Deferred charges and accrued income | 490/1 | €20,000 | €0 | -€20,000 | -100.0% |
| Total equity and liabilities | 10/49 | €7,644,213 | €7,089,332 | -€554,881 | -7.3% |
| Equity | 10/15 | -€442,866 | -€1,281,100 | -€838,234 | -189.3% |
| Contributions | 10/11 | €875,000 | €875,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,330,366 | -€2,168,600 | -€838,234 | -63.0% |
| Amounts payable | 17/49 | €8,087,079 | €8,370,432 | +€283,353 | +3.5% |
| Amounts payable within one year | 42/48 | €8,087,079 | €8,370,432 | +€283,353 | +3.5% |
| Financial debts | 43 | €2,100,000 | €2,100,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,100,000 | €2,100,000 | = | 0.0% |
| Trade debts | 44 | €540,021 | €313,110 | -€226,911 | -42.0% |
| Suppliers | 440/4 | €540,021 | €313,110 | -€226,911 | -42.0% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €80,880 | €65,065 | -€15,816 | -19.6% |
| Taxes | 450/3 | €1,765 | €1,155 | -€610 | -34.6% |
| Remuneration and social security | 454/9 | €79,116 | €63,910 | -€15,206 | -19.2% |
| Other amounts payable | 47/48 | €5,366,177 | €5,890,257 | +€524,079 | +9.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €739,811 | €599,627 | -€140,185 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €215 | +€215 | |
| Other operating charges | 640/8 | €2,906 | €3,100 | +€194 | +6.7% |
| Gross operating margin | 9900 | €701,598 | €98,530 | -€603,068 | -86.0% |
| Operating profit (loss) | 9901 | -€41,119 | -€504,413 | -€463,294 | -1126.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €376,757 | €332,667 | -€44,090 | -11.7% |
| Recurring financial charges | 65 | €376,756 | €332,500 | -€44,256 | -11.7% |
| Non-recurring financial charges | 66B | €1 | €167 | +€166 | +16718.2% |
| Profit (loss) for the period before taxes | 9903 | -€417,876 | -€837,079 | -€419,203 | -100.3% |
| Income taxes | 67/77 | €245,482 | €1,155 | -€244,327 | -99.5% |
| Profit (loss) for the period | 9904 | -€663,358 | -€838,234 | -€174,876 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€663,358 | -€838,234 | -€174,876 | -26.4% |
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.