BNRD: 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.
BNRD
Largest movements
- Cash +€122,114
up €122,114 (+198.7%), from €61,456 to €183,570
mainly Net result for the year (+€79,953) and Receivables within one year (+€33,880)
- Receivables within one year -€33,880
down €33,880 (-100.0%), from €33,880 to €0
- Reserves +€79,953
up €79,953 (+132.0%), from €60,575 to €140,528
- Tax, wage and social debts +€5,224
up €5,224 (+18.9%), from €27,667 to €32,892
- Other debts +€2,266
up €2,266 (+46.7%), from €4,856 to €7,121
- Gross operating margin +€25,484
up €25,484 (+32.5%), from €78,407 to €103,892
- Taxes +€5,473
up €5,473 (+34.8%), from €15,713 to €21,186
- Financial charges +€1,095
up €1,095 (+68.8%), from €1,592 to €2,687
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 | €97,014 | €185,198 | +€88,184 | +90.9% |
| Current assets | 29/58 | €97,014 | €185,198 | +€88,184 | +90.9% |
| Amounts receivable within one year | 40/41 | €33,880 | €0 | -€33,880 | -100.0% |
| Trade receivables | 40 | €33,880 | €0 | -€33,880 | -100.0% |
| Cash at bank and in hand | 54/58 | €61,456 | €183,570 | +€122,114 | +198.7% |
| Deferred charges and accrued income | 490/1 | €1,678 | €1,628 | -€50 | -3.0% |
| Total equity and liabilities | 10/49 | €97,014 | €185,198 | +€88,184 | +90.9% |
| Equity | 10/15 | €63,575 | €143,528 | +€79,953 | +125.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,575 | €140,528 | +€79,953 | +132.0% |
| Distributable reserves | 133 | €60,575 | €140,528 | +€79,953 | +132.0% |
| Amounts payable | 17/49 | €33,440 | €41,670 | +€8,231 | +24.6% |
| Amounts payable within one year | 42/48 | €33,440 | €41,670 | +€8,231 | +24.6% |
| Trade debts | 44 | €917 | €1,657 | +€741 | +80.8% |
| Suppliers | 440/4 | €917 | €1,657 | +€741 | +80.8% |
| Taxes, remuneration and social security | 45 | €27,667 | €32,892 | +€5,224 | +18.9% |
| Taxes | 450/3 | €27,667 | €32,892 | +€5,224 | +18.9% |
| Other amounts payable | 47/48 | €4,856 | €7,121 | +€2,266 | +46.7% |
| Other operating charges | 640/8 | €527 | €66 | -€462 | -87.5% |
| Gross operating margin | 9900 | €78,407 | €103,892 | +€25,484 | +32.5% |
| Operating profit (loss) | 9901 | €77,880 | €103,826 | +€25,946 | +33.3% |
| Financial charges | 65/66B | €1,592 | €2,687 | +€1,095 | +68.8% |
| Recurring financial charges | 65 | €1,592 | €2,687 | +€1,095 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €76,288 | €101,138 | +€24,851 | +32.6% |
| Income taxes | 67/77 | €15,713 | €21,186 | +€5,473 | +34.8% |
| Profit (loss) for the period | 9904 | €60,575 | €79,953 | +€19,378 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,575 | €79,953 | +€19,378 | +32.0% |
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.