BBR PLUS: 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.
What changed
BBR PLUS
NACE 68.110, Buying and selling of own real estate
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€145,355
2024 · -€164,628+€309,983
Equity
€11.4m
2024 · €11.3m+€145,355
Cash
€128,324
2024 · €7.4m-€7.3m
Balance sheet total
€58.4m
2024 · €70.8m-€12.3m
Largest movements
Assets
- Cash -€7.3m
down €7.3m (-98.3%), from €7.4m to €128,324
mainly Short-term financial debts (-€17.1m) and Stocks and contracts (-€2.2m)
- Tangible fixed assets -€7.2m
down €7.2m (-22.5%), from €32.0m to €24.8m
of which Land and buildings: -€7.2m
- Stocks and contracts +€2.2m
up €2.2m (+7.2%), from €30.9m to €33.2m
Equity and liabilities
- Short-term financial debts -€17.1m
down €17.1m (-99.4%), from €17.2m to €107,098
- Debts after one year +€4.4m
up €4.4m (+10.7%), from €41.1m to €45.5m
of which Financial debts: +€6.4m
Income statement
- Financial charges -€638,896
down €638,896 (-25.3%), from €2.5m to €1.9m
- Gross operating margin -€276,005
down €276,005 (-6.4%), from €4.3m to €4.0m
- Other operating charges +€205,219
up €205,219 (+20.7%), from €992,798 to €1.2m
- Depreciation -€149,397
down €149,397 (-15.2%), from €983,524 to €834,127
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.
Result 2024
-€164,628
Gross operating margin
-€276,005
Staff costs
+€12,954
Depreciation
+€149,397
Write-downs
+€4,181
Other operating charges
-€205,219
Other operating items
-€14,740
Financial income
+€503
Financial charges
+€638,896
Taxes
+€16
Result 2025
€145,355
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.
From operations
-€975,927
Investment
+€6.4m
Financing
-€12.7m
Cash 2024
€7.4m
From operations (derived)
-€975,927
Net result for the year
+€145,355
Depreciation
+€834,127
Stocks and contracts
-€2.2m
Smaller working-capital items
-€72,302
Deferred charges and accrued income
+€120,207
Trade debts
+€229,707
Investment (derived)
+€6.4m
Investment in fixed assets (net)
+€6.4m
Financing
-€12.7m
Debts after one year
+€4.4m
Current portion of long-term debt
+€16,913
Short-term financial debts
-€17.1m
Cash 2025
€128,324
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,771,988 | €58,431,039 | -€12.3m | -17.4% |
| Fixed assets | 21/28 | €32,021,242 | €24,816,308 | -€7.2m | -22.5% |
| Tangible fixed assets | 22/27 | €32,020,879 | €24,816,308 | -€7.2m | -22.5% |
| Land and buildings | 22 | €31,995,004 | €24,790,433 | -€7.2m | -22.5% |
| Other tangible fixed assets | 26 | €25,875 | €25,875 | = | 0.0% |
| Financial fixed assets | 28 | €363 | - | -€363 | |
| Current assets | 29/58 | €38,750,746 | €33,614,731 | -€5.1m | -13.3% |
| Stocks and contracts in progress | 3 | €30,921,960 | €33,154,980 | +€2.2m | +7.2% |
| Stocks | 30/36 | €30,921,960 | €33,154,980 | +€2.2m | +7.2% |
| Amounts receivable within one year | 40/41 | €306,125 | €330,976 | +€24,851 | +8.1% |
| Trade receivables | 40 | €156,122 | €330,963 | +€174,841 | +112.0% |
| Other amounts receivable | 41 | €150,003 | €13 | -€149,989 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,402,004 | €128,324 | -€7.3m | -98.3% |
| Deferred charges and accrued income | 490/1 | €120,658 | €451 | -€120,207 | -99.6% |
| Total equity and liabilities | 10/49 | €70,771,988 | €58,431,039 | -€12.3m | -17.4% |
| Equity | 10/15 | €11,263,263 | €11,408,618 | +€145,355 | +1.3% |
| Contributions | 10/11 | €11,734,856 | €11,734,856 | = | 0.0% |
| Reserves | 13 | €695,892 | €664,375 | -€31,517 | -4.5% |
| Tax-exempt reserves | 132 | €695,892 | €664,375 | -€31,517 | -4.5% |
| Profit (loss) carried forward | 14 | -€1,167,485 | -€990,613 | +€176,872 | +15.1% |
| Provisions and deferred taxes | 16 | €220,340 | €209,835 | -€10,506 | -4.8% |
| Deferred taxes | 168 | €220,340 | €209,835 | -€10,506 | -4.8% |
| Amounts payable | 17/49 | €59,288,385 | €46,812,586 | -€12.5m | -21.0% |
| Amounts payable after more than one year | 17 | €41,141,470 | €45,525,043 | +€4.4m | +10.7% |
| Financial debts | 170/4 | €34,331,081 | €40,737,274 | +€6.4m | +18.7% |
| Other amounts payable | 178/9 | €6,810,389 | €4,787,769 | -€2.0m | -29.7% |
| Amounts payable within one year | 42/48 | €18,094,038 | €1,243,698 | -€16.9m | -93.1% |
| Current portion of amounts payable after more than one year | 42 | €805,631 | €822,544 | +€16,913 | +2.1% |
| Financial debts | 43 | €17,176,145 | €107,098 | -€17.1m | -99.4% |
| Credit institutions | 430/8 | €17,176,145 | €107,098 | -€17.1m | -99.4% |
| Trade debts | 44 | €84,349 | €314,056 | +€229,707 | +272.3% |
| Suppliers | 440/4 | €84,349 | €314,056 | +€229,707 | +272.3% |
| Taxes, remuneration and social security | 45 | €27,913 | - | -€27,913 | |
| Taxes | 450/3 | €27,000 | - | -€27,000 | |
| Remuneration and social security | 454/9 | €913 | - | -€913 | |
| Accrued charges and deferred income | 492/3 | €52,878 | €43,845 | -€9,032 | -17.1% |
| Remuneration, social security and pensions | 62 | €12,954 | - | -€12,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €983,524 | €834,127 | -€149,397 | -15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€30,412 | -€34,593 | -€4,181 | -13.7% |
| Other operating charges | 640/8 | €992,798 | €1,198,018 | +€205,219 | +20.7% |
| Non-recurring operating charges | 66A | - | €14,740 | +€14,740 | |
| Gross operating margin | 9900 | €4,304,904 | €4,028,899 | -€276,005 | -6.4% |
| Operating profit (loss) | 9901 | €2,346,041 | €2,016,609 | -€329,432 | -14.0% |
| Financial income | 75/76B | €27 | €529 | +€503 | +1886.8% |
| Recurring financial income | 75 | €27 | €529 | +€503 | +1886.8% |
| Financial charges | 65/66B | €2,521,193 | €1,882,297 | -€638,896 | -25.3% |
| Recurring financial charges | 65 | €2,521,193 | €1,882,297 | -€638,896 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€175,126 | €134,841 | +€309,967 | |
| Transfer from deferred taxes | 780 | €10,506 | €10,506 | = | 0.0% |
| Income taxes | 67/77 | €8 | -€8 | -€16 | |
| Profit (loss) for the period | 9904 | -€164,628 | €145,355 | +€309,983 | |
| Transfer from tax-exempt reserves | 789 | €31,517 | €31,517 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,112 | €176,872 | +€309,983 |
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 11 October 2026 via checked.be.