BR DESIGN: what changed
Two fiscal 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 DESIGN
Largest movements
- Tangible fixed assets -€37,712
down €37,712 (-8.4%), from €449,853 to €412,142
of which Plant, machinery and equipment: -€31,839
- Receivables within one year +€30,743
up €30,743 (+152.0%), from €20,219 to €50,962
of which Trade receivables: +€40,895
- Cash -€20,125
no longer reported in 2025 (was €20,125)
mainly Debts after one year (-€43,992) and Receivables within one year (-€30,743)
- Debts after one year -€43,992
down €43,992 (-15.9%), from €276,814 to €232,822
- Current portion of long-term debt -€24,525
down €24,525 (-35.8%), from €68,517 to €43,992
- Trade debts +€18,230
up €18,230 (+110.3%), from €16,521 to €34,751
- Tax, wage and social debts +€10,540
up €10,540 (+51.5%), from €20,464 to €31,004
of which Remuneration and social security: +€8,297
- Short-term financial debts +€9,881
new in 2025: €9,881
- Staff costs +€35,921
up €35,921 (+41.2%), from €87,268 to €123,190
- Gross operating margin +€17,794
up €17,794 (+9.6%), from €186,014 to €203,808
- Financial charges -€2,235
down €2,235 (-21.1%), from €10,605 to €8,369
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 | €492,863 | €469,689 | -€23,174 | -4.7% |
| Fixed assets | 21/28 | €449,853 | €412,142 | -€37,712 | -8.4% |
| Tangible fixed assets | 22/27 | €449,853 | €412,142 | -€37,712 | -8.4% |
| Land and buildings | 22 | €315,931 | €321,234 | +€5,303 | +1.7% |
| Plant, machinery and equipment | 23 | €105,454 | €73,615 | -€31,839 | -30.2% |
| Furniture and vehicles | 24 | €28,469 | €17,292 | -€11,176 | -39.3% |
| Current assets | 29/58 | €43,010 | €57,547 | +€14,537 | +33.8% |
| Amounts receivable within one year | 40/41 | €20,219 | €50,962 | +€30,743 | +152.0% |
| Trade receivables | 40 | €9,538 | €50,433 | +€40,895 | +428.7% |
| Other amounts receivable | 41 | €10,681 | €530 | -€10,151 | -95.0% |
| Cash at bank and in hand | 54/58 | €20,125 | - | -€20,125 | |
| Deferred charges and accrued income | 490/1 | €2,666 | €6,585 | +€3,919 | +147.0% |
| Total equity and liabilities | 10/49 | €492,863 | €469,689 | -€23,174 | -4.7% |
| Equity | 10/15 | €75,000 | €80,728 | +€5,728 | +7.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | - | €5,728 | +€5,728 | |
| Distributable reserves | 133 | - | €5,728 | +€5,728 | |
| Amounts payable | 17/49 | €417,863 | €388,960 | -€28,903 | -6.9% |
| Amounts payable after more than one year | 17 | €276,814 | €232,822 | -€43,992 | -15.9% |
| Financial debts | 170/4 | €276,814 | €232,822 | -€43,992 | -15.9% |
| Amounts payable within one year | 42/48 | €141,049 | €156,138 | +€15,090 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €68,517 | €43,992 | -€24,525 | -35.8% |
| Financial debts | 43 | - | €9,881 | +€9,881 | |
| Credit institutions | 430/8 | - | €9,881 | +€9,881 | |
| Trade debts | 44 | €16,521 | €34,751 | +€18,230 | +110.3% |
| Suppliers | 440/4 | €16,521 | €34,751 | +€18,230 | +110.3% |
| Taxes, remuneration and social security | 45 | €20,464 | €31,004 | +€10,540 | +51.5% |
| Taxes | 450/3 | €9,488 | €11,731 | +€2,243 | +23.6% |
| Remuneration and social security | 454/9 | €10,976 | €19,274 | +€8,297 | +75.6% |
| Other amounts payable | 47/48 | €35,546 | €36,510 | +€964 | +2.7% |
| Remuneration, social security and pensions | 62 | €87,268 | €123,190 | +€35,921 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,900 | €61,520 | +€620 | +1.0% |
| Other operating charges | 640/8 | €3,710 | €3,825 | +€115 | +3.1% |
| Gross operating margin | 9900 | €186,014 | €203,808 | +€17,794 | +9.6% |
| Operating profit (loss) | 9901 | €34,136 | €15,273 | -€18,863 | -55.3% |
| Financial income | 75/76B | €5 | €26 | +€21 | +467.9% |
| Recurring financial income | 75 | €5 | €26 | +€21 | +467.9% |
| Financial charges | 65/66B | €10,605 | €8,369 | -€2,235 | -21.1% |
| Recurring financial charges | 65 | €10,605 | €8,369 | -€2,235 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €23,536 | €6,929 | -€16,607 | -70.6% |
| Income taxes | 67/77 | €1,920 | €1,201 | -€720 | -37.5% |
| Profit (loss) for the period | 9904 | €21,615 | €5,728 | -€15,887 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,615 | €5,728 | -€15,887 | -73.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.