BR Advisory: 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 Advisory
Largest movements
- Cash -€27,229
down €27,229 (-48.6%), from €56,079 to €28,850
mainly Other debts (-€59,289) and Contributions, distributions and other (-€12,926)
- Receivables within one year -€16,953
down €16,953 (-39.0%), from €43,470 to €26,517
of which Other amounts receivable: -€27,843
- Tangible fixed assets -€1,476
down €1,476 (-27.5%), from €5,370 to €3,893
of which Furniture and vehicles: -€2,800
- Other debts -€59,289
down €59,289 (-97.2%), from €61,000 to €1,711
- Reserves +€21,630
up €21,630 (+83.7%), from €25,852 to €47,483
- Tax, wage and social debts -€8,462
down €8,462 (-57.0%), from €14,834 to €6,373
- Financial charges +€3,008
up €3,008 (+607%), from €495 to €3,503
- Taxes +€2,787
up €2,787 (+25.3%), from €11,008 to €13,795
- Gross operating margin -€1,618
down €1,618 (-2.9%), from €56,066 to €54,447
- Financial income -€675
down €675 (-41.6%), from €1,621 to €946
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 | €106,442 | €61,316 | -€45,126 | -42.4% |
| Fixed assets | 21/28 | €5,370 | €3,893 | -€1,476 | -27.5% |
| Tangible fixed assets | 22/27 | €5,370 | €3,893 | -€1,476 | -27.5% |
| Plant, machinery and equipment | 23 | - | €1,323 | +€1,323 | |
| Furniture and vehicles | 24 | €5,370 | €2,570 | -€2,800 | -52.1% |
| Current assets | 29/58 | €101,072 | €57,423 | -€43,649 | -43.2% |
| Amounts receivable within one year | 40/41 | €43,470 | €26,517 | -€16,953 | -39.0% |
| Trade receivables | 40 | €10,890 | €21,780 | +€10,890 | +100% |
| Other amounts receivable | 41 | €32,580 | €4,737 | -€27,843 | -85.5% |
| Cash at bank and in hand | 54/58 | €56,079 | €28,850 | -€27,229 | -48.6% |
| Deferred charges and accrued income | 490/1 | €1,523 | €2,056 | +€533 | +35.0% |
| Total equity and liabilities | 10/49 | €106,442 | €61,316 | -€45,126 | -42.4% |
| Equity | 10/15 | €29,852 | €51,483 | +€21,630 | +72.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €25,852 | €47,483 | +€21,630 | +83.7% |
| Distributable reserves | 133 | €25,852 | €47,483 | +€21,630 | +83.7% |
| Amounts payable | 17/49 | €76,590 | €9,833 | -€66,756 | -87.2% |
| Amounts payable within one year | 42/48 | €76,590 | €9,833 | -€66,756 | -87.2% |
| Trade debts | 44 | €755 | €1,750 | +€995 | +132% |
| Suppliers | 440/4 | €755 | €1,750 | +€995 | +132% |
| Taxes, remuneration and social security | 45 | €14,834 | €6,373 | -€8,462 | -57.0% |
| Taxes | 450/3 | €14,834 | €6,373 | -€8,462 | -57.0% |
| Other amounts payable | 47/48 | €61,000 | €1,711 | -€59,289 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,399 | €3,023 | -€376 | -11.1% |
| Other operating charges | 640/8 | €209 | €516 | +€307 | +147% |
| Gross operating margin | 9900 | €56,066 | €54,447 | -€1,618 | -2.9% |
| Operating profit (loss) | 9901 | €52,458 | €50,909 | -€1,549 | -3.0% |
| Financial income | 75/76B | €1,621 | €946 | -€675 | -41.6% |
| Recurring financial income | 75 | €1,621 | €946 | -€675 | -41.6% |
| Financial charges | 65/66B | €495 | €3,503 | +€3,008 | +607% |
| Recurring financial charges | 65 | €495 | €3,503 | +€3,008 | +607% |
| Profit (loss) for the period before taxes | 9903 | €53,583 | €48,352 | -€5,231 | -9.8% |
| Income taxes | 67/77 | €11,008 | €13,795 | +€2,787 | +25.3% |
| Profit (loss) for the period | 9904 | €42,575 | €34,557 | -€8,018 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,575 | €34,557 | -€8,018 | -18.8% |
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 13 October 2026 via checked.be.