B.R.V.: 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.
B.R.V.
Largest movements
- Cash +€188,206
up €188,206 (+52.5%), from €358,147 to €546,353
mainly Receivables within one year (+€102,323) and Depreciation (+€88,230)
- Receivables within one year -€102,323
down €102,323 (-44.0%), from €232,594 to €130,271
of which Trade receivables: -€102,133
- Tangible fixed assets -€53,230
down €53,230 (-20.4%), from €260,478 to €207,248
of which Furniture and vehicles: -€46,545
- Reserves +€50,000
up €50,000 (+6.7%), from €745,135 to €795,135
of which Distributable reserves: +€50,000
- Trade debts -€24,931
down €24,931 (-62.7%), from €39,732 to €14,800
- Other operating charges +€56,540
up €56,540 (+2,203%), from €2,566 to €59,106
- Gross operating margin +€49,978
up €49,978 (+16.8%), from €297,435 to €347,412
- Staff costs +€7,373
up €7,373 (+6.2%), from €118,147 to €125,520
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 | €863,711 | €887,773 | +€24,062 | +2.8% |
| Fixed assets | 21/28 | €260,478 | €207,248 | -€53,230 | -20.4% |
| Tangible fixed assets | 22/27 | €260,478 | €207,248 | -€53,230 | -20.4% |
| Plant, machinery and equipment | 23 | €92,553 | €85,868 | -€6,685 | -7.2% |
| Furniture and vehicles | 24 | €167,925 | €121,380 | -€46,545 | -27.7% |
| Current assets | 29/58 | €603,233 | €680,524 | +€77,291 | +12.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €232,594 | €130,271 | -€102,323 | -44.0% |
| Trade receivables | 40 | €224,245 | €122,112 | -€102,133 | -45.5% |
| Other amounts receivable | 41 | €8,349 | €8,158 | -€190 | -2.3% |
| Cash at bank and in hand | 54/58 | €358,147 | €546,353 | +€188,206 | +52.5% |
| Deferred charges and accrued income | 490/1 | €12,492 | €3,900 | -€8,591 | -68.8% |
| Total equity and liabilities | 10/49 | €863,711 | €887,773 | +€24,062 | +2.8% |
| Equity | 10/15 | €763,735 | €814,153 | +€50,418 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €745,135 | €795,135 | +€50,000 | +6.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €745,135 | €795,135 | +€50,000 | +6.7% |
| Profit (loss) carried forward | 14 | €0 | €418 | +€418 | |
| Amounts payable | 17/49 | €99,976 | €73,620 | -€26,356 | -26.4% |
| Amounts payable within one year | 42/48 | €86,800 | €60,444 | -€26,356 | -30.4% |
| Trade debts | 44 | €39,732 | €14,800 | -€24,931 | -62.7% |
| Suppliers | 440/4 | €39,732 | €14,800 | -€24,931 | -62.7% |
| Taxes, remuneration and social security | 45 | €7,378 | €2,830 | -€4,548 | -61.6% |
| Taxes | 450/3 | €4,181 | €955 | -€3,226 | -77.2% |
| Remuneration and social security | 454/9 | €3,197 | €1,875 | -€1,322 | -41.3% |
| Other amounts payable | 47/48 | €39,690 | €42,814 | +€3,123 | +7.9% |
| Accrued charges and deferred income | 492/3 | €13,176 | €13,176 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €118,147 | €125,520 | +€7,373 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,897 | €88,230 | +€1,333 | +1.5% |
| Other operating charges | 640/8 | €2,566 | €59,106 | +€56,540 | +2,203% |
| Gross operating margin | 9900 | €297,435 | €347,412 | +€49,978 | +16.8% |
| Operating profit (loss) | 9901 | €89,824 | €74,557 | -€15,267 | -17.0% |
| Financial income | 75/76B | €1,199 | €2 | -€1,196 | -99.8% |
| Recurring financial income | 75 | €1,199 | €2 | -€1,196 | -99.8% |
| Financial charges | 65/66B | €2,536 | €338 | -€2,199 | -86.7% |
| Recurring financial charges | 65 | €2,536 | €338 | -€2,199 | -86.7% |
| Profit (loss) for the period before taxes | 9903 | €88,487 | €74,222 | -€14,265 | -16.1% |
| Income taxes | 67/77 | €25,355 | €23,804 | -€1,551 | -6.1% |
| Profit (loss) for the period | 9904 | €63,132 | €50,418 | -€12,714 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,132 | €50,418 | -€12,714 | -20.1% |
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 24 October 2026 via checked.be.