BR: 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.
BR
Largest movements
- Receivables within one year +€6,870
up €6,870 (+101%), from €6,786 to €13,656
of which Trade receivables: +€6,385
- Cash -€2,680
down €2,680 (-36.8%), from €7,286 to €4,606
- Tangible fixed assets +€242
up €242 (+10.8%), from €2,230 to €2,471
of which Furniture and vehicles: +€1,795
- Trade debts +€3,772
up €3,772 (+180%), from €2,094 to €5,866
- Profit (loss) carried forward +€1,082
up €1,082 (+21.0%), from €5,153 to €6,236
- Tax, wage and social debts -€435
down €435 (-90.7%), from €480 to €45
- Gross operating margin +€1,941
up €1,941 (+269%), from €721 to €2,661
- Taxes +€1,596
up €1,596, from -€1,551 to €45
- Depreciation +€802
up €802 (+82.1%), from €977 to €1,779
- Other operating charges -€351
down €351 (-46.0%), from €762 to €411
- Financial income +€51
up €51 (+507,900%), from €0 to €51
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,302 | €20,733 | +€4,431 | +27.2% |
| Fixed assets | 21/28 | €2,230 | €2,471 | +€242 | +10.8% |
| Tangible fixed assets | 22/27 | €2,230 | €2,471 | +€242 | +10.8% |
| Plant, machinery and equipment | 23 | €2,230 | €676 | -€1,553 | -69.7% |
| Furniture and vehicles | 24 | - | €1,795 | +€1,795 | |
| Current assets | 29/58 | €14,072 | €18,262 | +€4,190 | +29.8% |
| Amounts receivable within one year | 40/41 | €6,786 | €13,656 | +€6,870 | +101% |
| Trade receivables | 40 | €6,786 | €13,171 | +€6,385 | +94.1% |
| Other amounts receivable | 41 | - | €486 | +€486 | |
| Cash at bank and in hand | 54/58 | €7,286 | €4,606 | -€2,680 | -36.8% |
| Total equity and liabilities | 10/49 | €16,302 | €20,733 | +€4,431 | +27.2% |
| Equity | 10/15 | €5,253 | €6,336 | +€1,082 | +20.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,153 | €6,236 | +€1,082 | +21.0% |
| Amounts payable | 17/49 | €11,048 | €14,398 | +€3,349 | +30.3% |
| Amounts payable within one year | 42/48 | €11,048 | €14,398 | +€3,349 | +30.3% |
| Trade debts | 44 | €2,094 | €5,866 | +€3,772 | +180% |
| Suppliers | 440/4 | €2,094 | €5,866 | +€3,772 | +180% |
| Taxes, remuneration and social security | 45 | €480 | €45 | -€435 | -90.7% |
| Taxes | 450/3 | €480 | €45 | -€435 | -90.7% |
| Other amounts payable | 47/48 | €8,474 | €8,487 | +€13 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €1,779 | +€802 | +82.1% |
| Other operating charges | 640/8 | €762 | €411 | -€351 | -46.0% |
| Gross operating margin | 9900 | €721 | €2,661 | +€1,941 | +269% |
| Operating profit (loss) | 9901 | -€1,018 | €471 | +€1,489 | |
| Financial income | 75/76B | €0 | €51 | +€51 | +507,900% |
| Recurring financial income | 75 | €0 | €51 | +€51 | +507,900% |
| Financial charges | 65/66B | €3 | €41 | +€37 | +1,146% |
| Recurring financial charges | 65 | €3 | €41 | +€37 | +1,146% |
| Profit (loss) for the period before taxes | 9903 | -€1,021 | €482 | +€1,503 | |
| Income taxes | 67/77 | -€1,551 | €45 | +€1,596 | |
| Profit (loss) for the period | 9904 | €530 | €437 | -€93 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €530 | €437 | -€93 | -17.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.