BBR Belgium: what changed
What changed
BBR Belgium
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · -€1.6m+€2.7m
Equity
€41.4m
2024 · €40.3m+€1.1m
Cash
€1.8m
2024 · €420,570+€1.4m
Balance sheet total
€126.9m
2024 · €117.3m+€9.6m
Largest movements
Assets
- Financial fixed assets +€3.9m
up €3.9m (+5.0%), from €77.5m to €81.4m
of which Affiliated companies: +€3.9m
- Stocks and contracts +€2.4m
up €2.4m (+6.8%), from €35.4m to €37.8m
of which Contracts in progress: +€10.2m
- Cash +€1.4m
up €1.4m (+323%), from €420,570 to €1.8m
mainly Debts after one year (+€5.0m) and Trade debts (+€4.1m)
Equity and liabilities
- Debts after one year +€5.0m
up €5.0m (+7.3%), from €68.0m to €73.0m
of which Other amounts payable: +€10.9m
- Trade debts +€4.1m
up €4.1m (+75.2%), from €5.4m to €9.5m
Income statement
- Turnover +€19.8m
up €19.8m (+214%), from €9.3m to €29.1m
- Goods and materials +€15.6m
up €15.6m (+171%), from €9.1m to €24.7m
of which Change in stocks: decrease (increase): +€8.1m
- Services and other goods +€1.4m
up €1.4m (+99.6%), from €1.4m to €2.8m
- Financial charges +€425,904
up €425,904 (+33.9%), from €1.3m to €1.7m
- Financial income +€319,451
up €319,451 (+24.2%), from €1.3m to €1.6m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.6m
Turnover
+€19.8m
Other operating income
+€167,494
Goods and materials
-€15.6m
Services and other goods
-€1.4m
Staff costs
-€30,214
Depreciation
-€40,408
Other operating charges
-€116,213
Financial income
+€319,451
Financial charges
-€425,904
Taxes
-€10,044
Result 2025
€1.1m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.0m
Investment
-€4.7m
Financing
+€4.0m
Cash 2024
€420,570
From operations (derived)
+€2.0m
Net result for the year
+€1.1m
Depreciation
+€277,745
Stocks and contracts
-€2.4m
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€317,898
Trade debts
+€4.1m
Tax, wage and social debts
+€448,550
Other debts
-€26,835
Accrued charges and deferred income
+€30,097
Investment (derived)
-€4.7m
Investment in fixed assets (net)
-€4.7m
Financing
+€4.0m
Debts after one year
+€5.0m
Current portion of long-term debt
-€48,234
Short-term financial debts
-€946,764
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,316,442 | €126,887,595 | +€9.6m | +8.2% |
| Fixed assets | 21/28 | €80,345,325 | €84,719,688 | +€4.4m | +5.4% |
| Intangible fixed assets | 21 | €90,974 | €123,540 | +€32,566 | +35.8% |
| Tangible fixed assets | 22/27 | €2,758,871 | €3,189,144 | +€430,273 | +15.6% |
| Land and buildings | 22 | €2,002,352 | €1,897,796 | -€104,556 | -5.2% |
| Furniture and vehicles | 24 | €260,497 | €305,656 | +€45,160 | +17.3% |
| Other tangible fixed assets | 26 | €496,022 | €985,691 | +€489,669 | +98.7% |
| Financial fixed assets | 28 | €77,495,479 | €81,407,005 | +€3.9m | +5.0% |
| Affiliated companies | 280/1 | €77,493,166 | €81,404,082 | +€3.9m | +5.0% |
| Participating interests | 280 | €40,427,822 | €40,427,822 | = | 0.0% |
| Amounts receivable | 281 | €37,065,345 | €40,976,260 | +€3.9m | +10.6% |
| Other financial fixed assets | 284/8 | €2,313 | €2,923 | +€610 | +26.4% |
| Amounts receivable and cash guarantees | 285/8 | €2,313 | €2,923 | +€610 | +26.4% |
| Current assets | 29/58 | €36,971,118 | €42,167,907 | +€5.2m | +14.1% |
| Stocks and contracts in progress | 3 | €35,423,822 | €37,843,265 | +€2.4m | +6.8% |
| Stocks | 30/36 | €35,423,822 | €27,621,549 | -€7.8m | -22.0% |
| Property held for sale | 35 | €35,423,822 | €27,621,549 | -€7.8m | -22.0% |
| Contracts in progress | 37 | - | €10,221,716 | +€10.2m | |
| Amounts receivable within one year | 40/41 | €223,326 | €1,326,115 | +€1.1m | +494% |
| Trade receivables | 40 | €180,976 | €1,286,060 | +€1.1m | +611% |
| Other amounts receivable | 41 | €42,350 | €40,055 | -€2,295 | -5.4% |
| Cash at bank and in hand | 54/58 | €420,570 | €1,777,228 | +€1.4m | +323% |
| Deferred charges and accrued income | 490/1 | €903,400 | €1,221,298 | +€317,898 | +35.2% |
| Total equity and liabilities | 10/49 | €117,316,442 | €126,887,595 | +€9.6m | +8.2% |
| Equity | 10/15 | €40,337,207 | €41,402,987 | +€1.1m | +2.6% |
| Contributions | 10/11 | €39,534,790 | €39,534,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €802,417 | €1,868,197 | +€1.1m | +133% |
| Amounts payable | 17/49 | €76,979,236 | €85,484,608 | +€8.5m | +11.0% |
| Amounts payable after more than one year | 17 | €68,026,983 | €72,994,187 | +€5.0m | +7.3% |
| Financial debts | 170/4 | €31,656,696 | €25,754,546 | -€5.9m | -18.6% |
| Credit institutions | 173 | €31,656,696 | €25,754,546 | -€5.9m | -18.6% |
| Other amounts payable | 178/9 | €36,370,287 | €47,239,640 | +€10.9m | +29.9% |
| Amounts payable within one year | 42/48 | €8,932,048 | €12,440,120 | +€3.5m | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €241,434 | €193,200 | -€48,234 | -20.0% |
| Financial debts | 43 | €3,138,898 | €2,192,134 | -€946,764 | -30.2% |
| Credit institutions | 430/8 | €3,138,898 | €2,192,134 | -€946,764 | -30.2% |
| Trade debts | 44 | €5,424,693 | €9,506,047 | +€4.1m | +75.2% |
| Suppliers | 440/4 | €5,424,693 | €9,506,047 | +€4.1m | +75.2% |
| Taxes, remuneration and social security | 45 | €100,188 | €548,739 | +€448,550 | +448% |
| Taxes | 450/3 | €50,676 | €502,066 | +€451,390 | +891% |
| Remuneration and social security | 454/9 | €49,513 | €46,673 | -€2,840 | -5.7% |
| Other amounts payable | 47/48 | €26,835 | - | -€26,835 | |
| Accrued charges and deferred income | 492/3 | €20,204 | €50,301 | +€30,097 | +149% |
| Operating income | 70/76A | €9,717,806 | €29,693,195 | +€20.0m | +206% |
| Turnover | 70 | €9,261,288 | €29,069,183 | +€19.8m | +214% |
| Other operating income | 74 | €456,518 | €624,012 | +€167,494 | +36.7% |
| Operating charges | 60/66A | €11,415,922 | €28,573,156 | +€17.2m | +150% |
| Goods for resale, raw materials and consumables | 60 | €9,101,821 | €24,660,595 | +€15.6m | +171% |
| Purchases | 600/8 | €18,371,584 | €25,826,026 | +€7.5m | +40.6% |
| Change in stocks: decrease (increase) | 609 | -€9,269,763 | -€1,165,432 | +€8.1m | +87.4% |
| Services and other goods | 61 | €1,417,676 | €2,829,301 | +€1.4m | +99.6% |
| Remuneration, social security and pensions | 62 | €579,140 | €609,354 | +€30,214 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237,337 | €277,745 | +€40,408 | +17.0% |
| Other operating charges | 640/8 | €79,947 | €196,160 | +€116,213 | +145% |
| Operating profit (loss) | 9901 | -€1,698,116 | €1,120,039 | +€2.8m | |
| Financial income | 75/76B | €1,320,084 | €1,639,534 | +€319,451 | +24.2% |
| Recurring financial income | 75 | €1,320,084 | €1,639,534 | +€319,451 | +24.2% |
| Income from financial fixed assets | 750 | €1,314,265 | €1,638,811 | +€324,546 | +24.7% |
| Income from current assets | 751 | €219 | €532 | +€313 | +143% |
| Other financial income | 752/9 | €5,600 | €192 | -€5,408 | -96.6% |
| Financial charges | 65/66B | €1,257,637 | €1,683,542 | +€425,904 | +33.9% |
| Recurring financial charges | 65 | €1,257,637 | €1,683,542 | +€425,904 | +33.9% |
| Debt charges | 650 | €1,241,561 | €1,615,309 | +€373,748 | +30.1% |
| Other financial charges | 652/9 | €16,076 | €68,233 | +€52,157 | +324% |
| Profit (loss) for the period before taxes | 9903 | -€1,635,669 | €1,076,032 | +€2.7m | |
| Income taxes | 67/77 | €208 | €10,252 | +€10,044 | +4,819% |
| Taxes | 670/3 | €208 | €10,252 | +€10,044 | +4,819% |
| Profit (loss) for the period | 9904 | -€1,635,878 | €1,065,780 | +€2.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,635,878 | €1,065,780 | +€2.7m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.