BR&D: 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&D
Largest movements
- Receivables within one year -€19,734
down €19,734 (-44.1%), from €44,719 to €24,985
of which Trade receivables: -€19,731
- Tangible fixed assets -€7,738
down €7,738 (-20.2%), from €38,384 to €30,646
of which Furniture and vehicles: -€11,249
- Cash +€5,553
up €5,553 (+53.1%), from €10,454 to €16,007
mainly Receivables within one year (+€19,734) and Net result for the year (+€18,513)
- Debts after one year -€21,290
down €21,290 (-35.4%), from €60,120 to €38,830
- Profit (loss) carried forward +€18,513
up €18,513 (+27.8%), from -€66,564 to -€48,051
- Trade debts -€12,230
down €12,230 (-67.3%), from €18,173 to €5,943
- Advances received -€7,242
down €7,242 (-100%), from €7,242 to €0
- Tax, wage and social debts -€2,785
down €2,785 (-38.5%), from €7,240 to €4,455
- Gross operating margin +€10,765
up €10,765 (+41.3%), from €26,050 to €36,815
- Other operating charges -€9,639
down €9,639 (-70.4%), from €13,690 to €4,050
- Depreciation +€5,906
up €5,906 (+101%), from €5,832 to €11,738
- Financial charges -€586
down €586 (-19.8%), from €2,959 to €2,373
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 | €93,937 | €71,989 | -€21,948 | -23.4% |
| Fixed assets | 21/28 | €38,684 | €30,946 | -€7,738 | -20.0% |
| Tangible fixed assets | 22/27 | €38,384 | €30,646 | -€7,738 | -20.2% |
| Plant, machinery and equipment | 23 | - | €3,755 | +€3,755 | |
| Furniture and vehicles | 24 | €37,270 | €26,022 | -€11,249 | -30.2% |
| Other tangible fixed assets | 26 | €1,114 | €870 | -€244 | -21.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €55,253 | €41,043 | -€14,210 | -25.7% |
| Amounts receivable within one year | 40/41 | €44,719 | €24,985 | -€19,734 | -44.1% |
| Trade receivables | 40 | €43,716 | €23,985 | -€19,731 | -45.1% |
| Other amounts receivable | 41 | €1,003 | €1,000 | -€3 | -0.3% |
| Cash at bank and in hand | 54/58 | €10,454 | €16,007 | +€5,553 | +53.1% |
| Deferred charges and accrued income | 490/1 | €81 | €51 | -€29 | -36.2% |
| Total equity and liabilities | 10/49 | €93,937 | €71,989 | -€21,948 | -23.4% |
| Equity | 10/15 | -€64,704 | -€46,191 | +€18,513 | +28.6% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,564 | -€48,051 | +€18,513 | +27.8% |
| Amounts payable | 17/49 | €158,641 | €118,180 | -€40,461 | -25.5% |
| Amounts payable after more than one year | 17 | €60,120 | €38,830 | -€21,290 | -35.4% |
| Financial debts | 170/4 | €60,120 | €38,830 | -€21,290 | -35.4% |
| Amounts payable within one year | 42/48 | €98,521 | €79,350 | -€19,171 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €21,680 | €22,308 | +€629 | +2.9% |
| Trade debts | 44 | €18,173 | €5,943 | -€12,230 | -67.3% |
| Suppliers | 440/4 | €18,173 | €5,943 | -€12,230 | -67.3% |
| Advances received on contracts in progress | 46 | €7,242 | €0 | -€7,242 | -100% |
| Taxes, remuneration and social security | 45 | €7,240 | €4,455 | -€2,785 | -38.5% |
| Taxes | 450/3 | €7,240 | €4,455 | -€2,785 | -38.5% |
| Other amounts payable | 47/48 | €44,186 | €46,644 | +€2,458 | +5.6% |
| Non-recurring operating income | 76A | €2,108 | €4,234 | +€2,125 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,832 | €11,738 | +€5,906 | +101% |
| Other operating charges | 640/8 | €13,690 | €4,050 | -€9,639 | -70.4% |
| Non-recurring operating charges | 66A | €914 | €0 | -€914 | -100% |
| Gross operating margin | 9900 | €26,050 | €36,815 | +€10,765 | +41.3% |
| Operating profit (loss) | 9901 | €5,614 | €21,027 | +€15,412 | +275% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,959 | €2,373 | -€586 | -19.8% |
| Recurring financial charges | 65 | €2,959 | €2,373 | -€586 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €2,655 | €18,654 | +€15,999 | +602% |
| Income taxes | 67/77 | €59 | €141 | +€81 | +137% |
| Profit (loss) for the period | 9904 | €2,596 | €18,513 | +€15,917 | +613% |
| Profit (loss) for the period to be appropriated | 9905 | €2,596 | €18,513 | +€15,917 | +613% |
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 17 October 2026 via checked.be.