BR BELGIQUE: 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
BR BELGIQUE
NACE 46.450, Wholesale of perfume and cosmetics
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.4m
2024 · -€813,674-€546,460
Equity
-€2.7m
2024 · -€1.4m-€1.4m
Cash
€62,114
2024 · €57,658+€4,456
Balance sheet total
€663,327
2024 · €1.6m-€917,930
Largest movements
Assets
- Tangible fixed assets -€935,885
down €935,885 (-76.8%), from €1.2m to €282,697
of which Other tangible fixed assets: -€803,743
- Receivables within one year +€95,044
up €95,044 (+93.8%), from €101,365 to €196,409
- Stocks and contracts -€65,396
down €65,396 (-100%), from €65,396 to €0
Equity and liabilities
- Profit (loss) carried forward -€1.4m
down €1.4m (-95.2%), from -€1.4m to -€2.8m
- Trade debts +€340,584
up €340,584 (+41.0%), from €830,225 to €1.2m
- Accrued charges and deferred income +€51,391
up €51,391 (+104%), from €49,503 to €100,894
- Other debts +€45,794
up €45,794 (+18.0%), from €253,841 to €299,635
- Provisions +€40,985
new in 2025: €40,985
Income statement
- Staff costs -€161,830
down €161,830 (-47.2%), from €343,153 to €181,323
- Gross operating margin +€74,068
up €74,068 (+45.0%), from -€164,738 to -€90,670
- Provisions +€40,985
new in 2025: €40,985
- Write-downs +€13,602
new in 2025: €13,602
- Depreciation +€8,963
up €8,963 (+3.7%), from €240,380 to €249,343
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
-€813,674
Gross operating margin
+€74,068
Staff costs
+€161,830
Depreciation
-€8,963
Write-downs
-€13,602
Provisions
-€40,985
Other operating charges
-€1,138
Other operating items
-€715,749
Financial income
+€0
Financial charges
-€1,921
Result 2025
-€1.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€696,560
Investment
+€701,017
Financing
€0
Cash 2024
€57,658
From operations (derived)
-€696,560
Net result for the year
-€1.4m
Depreciation
+€249,343
Stocks and contracts
+€65,396
Receivables within one year
-€95,044
Deferred charges and accrued income
+€1,675
Provisions
+€40,985
Trade debts
+€340,584
Tax, wage and social debts
-€36,550
Other debts
+€45,794
Accrued charges and deferred income
+€51,391
Investment (derived)
+€701,017
Investment in fixed assets (net)
+€701,017
Cash 2025
€62,114
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,581,257 | €663,327 | -€917,930 | -58.1% |
| Fixed assets | 21/28 | €1,324,761 | €374,401 | -€950,359 | -71.7% |
| Intangible fixed assets | 21 | €21,178 | €6,704 | -€14,474 | -68.3% |
| Tangible fixed assets | 22/27 | €1,218,583 | €282,697 | -€935,885 | -76.8% |
| Plant, machinery and equipment | 23 | €80,197 | €30,430 | -€49,766 | -62.1% |
| Furniture and vehicles | 24 | €124,319 | €41,943 | -€82,376 | -66.3% |
| Other tangible fixed assets | 26 | €1,014,067 | €210,324 | -€803,743 | -79.3% |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €256,497 | €288,926 | +€32,429 | +12.6% |
| Stocks and contracts in progress | 3 | €65,396 | €0 | -€65,396 | -100% |
| Stocks | 30/36 | €65,396 | €0 | -€65,396 | -100% |
| Amounts receivable within one year | 40/41 | €101,365 | €196,409 | +€95,044 | +93.8% |
| Trade receivables | 40 | €101,365 | €196,409 | +€95,044 | +93.8% |
| Cash at bank and in hand | 54/58 | €57,658 | €62,114 | +€4,456 | +7.7% |
| Deferred charges and accrued income | 490/1 | €32,078 | €30,402 | -€1,675 | -5.2% |
| Total equity and liabilities | 10/49 | €1,581,257 | €663,327 | -€917,930 | -58.1% |
| Equity | 10/15 | -€1,366,800 | -€2,726,934 | -€1.4m | -99.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,428,800 | -€2,788,934 | -€1.4m | -95.2% |
| Provisions and deferred taxes | 16 | - | €40,985 | +€40,985 | |
| Provisions for liabilities and charges | 160/5 | - | €40,985 | +€40,985 | |
| Other liabilities and charges | 164/5 | - | €40,985 | +€40,985 | |
| Amounts payable | 17/49 | €2,948,058 | €3,349,276 | +€401,218 | +13.6% |
| Amounts payable after more than one year | 17 | €1,750,000 | €1,750,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,750,000 | €1,750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,148,555 | €1,498,383 | +€349,828 | +30.5% |
| Trade debts | 44 | €830,225 | €1,170,810 | +€340,584 | +41.0% |
| Suppliers | 440/4 | €830,225 | €1,170,810 | +€340,584 | +41.0% |
| Taxes, remuneration and social security | 45 | €64,489 | €27,938 | -€36,550 | -56.7% |
| Taxes | 450/3 | €31,589 | €27,938 | -€3,650 | -11.6% |
| Remuneration and social security | 454/9 | €32,900 | €0 | -€32,900 | -100% |
| Other amounts payable | 47/48 | €253,841 | €299,635 | +€45,794 | +18.0% |
| Accrued charges and deferred income | 492/3 | €49,503 | €100,894 | +€51,391 | +104% |
| Remuneration, social security and pensions | 62 | €343,153 | €181,323 | -€161,830 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,380 | €249,343 | +€8,963 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,602 | +€13,602 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €40,985 | +€40,985 | |
| Other operating charges | 640/8 | €9,664 | €10,802 | +€1,138 | +11.8% |
| Non-recurring operating charges | 66A | - | €715,749 | +€715,749 | |
| Gross operating margin | 9900 | -€164,738 | -€90,670 | +€74,068 | +45.0% |
| Operating profit (loss) | 9901 | -€757,934 | -€1,302,473 | -€544,539 | -71.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €55,740 | €57,661 | +€1,921 | +3.4% |
| Recurring financial charges | 65 | €55,740 | €57,541 | +€1,801 | +3.2% |
| Non-recurring financial charges | 66B | - | €120 | +€120 | |
| Profit (loss) for the period before taxes | 9903 | -€813,674 | -€1,360,133 | -€546,460 | -67.2% |
| Profit (loss) for the period | 9904 | -€813,674 | -€1,360,133 | -€546,460 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€813,674 | -€1,360,133 | -€546,460 | -67.2% |
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 28 October 2026 via checked.be.