BR Invest: 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 Invest
Largest movements
- Tangible fixed assets -€50,494
down €50,494 (-19.2%), from €263,482 to €212,988
- Debts after one year -€32,013
down €32,013 (-9.0%), from €356,277 to €324,264
- Profit (loss) carried forward -€18,710
down €18,710 (-271%), from -€6,907 to -€25,617
- Financial charges +€8,299
up €8,299 (+115%), from €7,207 to €15,506
- Gross operating margin +€1,889
up €1,889 (+3.9%), from €48,397 to €50,286
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 | €717,699 | €673,613 | -€44,087 | -6.1% |
| Fixed assets | 21/28 | €672,538 | €622,043 | -€50,494 | -7.5% |
| Tangible fixed assets | 22/27 | €263,482 | €212,988 | -€50,494 | -19.2% |
| Land and buildings | 22 | €263,482 | €212,988 | -€50,494 | -19.2% |
| Financial fixed assets | 28 | €409,055 | €409,055 | = | 0.0% |
| Current assets | 29/58 | €45,162 | €51,570 | +€6,408 | +14.2% |
| Amounts receivable within one year | 40/41 | €5,331 | €4,745 | -€586 | -11.0% |
| Trade receivables | 40 | €3,952 | €2,314 | -€1,638 | -41.4% |
| Other amounts receivable | 41 | €1,379 | €2,431 | +€1,052 | +76.3% |
| Cash at bank and in hand | 54/58 | €38,709 | €45,665 | +€6,957 | +18.0% |
| Deferred charges and accrued income | 490/1 | €1,122 | €1,159 | +€37 | +3.3% |
| Total equity and liabilities | 10/49 | €717,699 | €673,613 | -€44,087 | -6.1% |
| Equity | 10/15 | €202,149 | €183,439 | -€18,710 | -9.3% |
| Contributions | 10/11 | €209,055 | €209,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,907 | -€25,617 | -€18,710 | -271% |
| Amounts payable | 17/49 | €515,550 | €490,174 | -€25,376 | -4.9% |
| Amounts payable after more than one year | 17 | €356,277 | €324,264 | -€32,013 | -9.0% |
| Financial debts | 170/4 | €356,277 | €324,264 | -€32,013 | -9.0% |
| Amounts payable within one year | 42/48 | €152,348 | €156,905 | +€4,556 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €31,552 | €32,013 | +€461 | +1.5% |
| Trade debts | 44 | €89 | €245 | +€156 | +176% |
| Suppliers | 440/4 | €89 | €245 | +€156 | +176% |
| Other amounts payable | 47/48 | €120,707 | €124,647 | +€3,940 | +3.3% |
| Accrued charges and deferred income | 492/3 | €6,925 | €9,005 | +€2,080 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,494 | €50,494 | = | 0.0% |
| Other operating charges | 640/8 | €3,593 | €3,106 | -€487 | -13.6% |
| Gross operating margin | 9900 | €48,397 | €50,286 | +€1,889 | +3.9% |
| Operating profit (loss) | 9901 | -€5,691 | -€3,314 | +€2,377 | +41.8% |
| Financial income | 75/76B | €52 | €110 | +€58 | +111% |
| Recurring financial income | 75 | €52 | €110 | +€58 | +111% |
| Financial charges | 65/66B | €7,207 | €15,506 | +€8,299 | +115% |
| Recurring financial charges | 65 | €7,207 | €15,506 | +€8,299 | +115% |
| Profit (loss) for the period before taxes | 9903 | -€12,846 | -€18,710 | -€5,865 | -45.7% |
| Profit (loss) for the period | 9904 | -€12,846 | -€18,710 | -€5,865 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,846 | -€18,710 | -€5,865 | -45.7% |
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 31 October 2026 via checked.be.