BR&L: 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&L
Largest movements
- Tangible fixed assets -€23,218
down €23,218 (-4.5%), from €515,623 to €492,405
of which Land and buildings: -€22,918
- Current investments -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Debts after one year -€32,582
down €32,582 (-8.0%), from €405,235 to €372,653
- Other debts -€25,860
down €25,860 (-61.4%), from €42,118 to €16,258
- Reserves +€15,493
up €15,493 (+15.8%), from €98,154 to €113,648
of which Distributable reserves: +€15,493
- Gross operating margin +€10,873
up €10,873 (+9.5%), from €114,467 to €125,340
- Staff costs +€5,982
up €5,982 (+16.2%), from €37,024 to €43,006
- Financial charges +€2,451
up €2,451 (+9.9%), from €24,847 to €27,298
- Taxes +€1,455
up €1,455 (+22.3%), from €6,528 to €7,983
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 | €750,839 | €709,410 | -€41,429 | -5.5% |
| Fixed assets | 21/28 | €515,773 | €492,555 | -€23,218 | -4.5% |
| Tangible fixed assets | 22/27 | €515,623 | €492,405 | -€23,218 | -4.5% |
| Land and buildings | 22 | €515,162 | €492,244 | -€22,918 | -4.4% |
| Plant, machinery and equipment | 23 | €461 | €161 | -€300 | -65.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €235,066 | €216,855 | -€18,212 | -7.7% |
| Stocks and contracts in progress | 3 | €160,369 | €162,710 | +€2,342 | +1.5% |
| Stocks | 30/36 | €160,369 | €162,710 | +€2,342 | +1.5% |
| Amounts receivable within one year | 40/41 | €1,157 | €1,057 | -€100 | -8.7% |
| Trade receivables | 40 | €215 | €291 | +€76 | +35.3% |
| Other amounts receivable | 41 | €942 | €766 | -€176 | -18.7% |
| Current investments | 50/53 | €15,000 | €0 | -€15,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €53,955 | €47,674 | -€6,281 | -11.6% |
| Deferred charges and accrued income | 490/1 | €4,585 | €5,414 | +€828 | +18.1% |
| Total equity and liabilities | 10/49 | €750,839 | €709,410 | -€41,429 | -5.5% |
| Equity | 10/15 | €170,714 | €186,207 | +€15,493 | +9.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €98,154 | €113,648 | +€15,493 | +15.8% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €93,154 | €108,648 | +€15,493 | +16.6% |
| Profit (loss) carried forward | 14 | €47,560 | €47,560 | = | 0.0% |
| Amounts payable | 17/49 | €580,125 | €523,202 | -€56,923 | -9.8% |
| Amounts payable after more than one year | 17 | €405,235 | €372,653 | -€32,582 | -8.0% |
| Financial debts | 170/4 | €405,235 | €372,653 | -€32,582 | -8.0% |
| Amounts payable within one year | 42/48 | €174,830 | €149,362 | -€25,468 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €31,724 | €32,861 | +€1,136 | +3.6% |
| Financial debts | 43 | €51,018 | €50,344 | -€673 | -1.3% |
| Credit institutions | 430/8 | €51,018 | €50,344 | -€673 | -1.3% |
| Trade debts | 44 | €21,523 | €19,396 | -€2,128 | -9.9% |
| Suppliers | 440/4 | €21,523 | €19,396 | -€2,128 | -9.9% |
| Taxes, remuneration and social security | 45 | €28,446 | €30,503 | +€2,057 | +7.2% |
| Taxes | 450/3 | €22,757 | €22,500 | -€257 | -1.1% |
| Remuneration and social security | 454/9 | €5,689 | €8,003 | +€2,314 | +40.7% |
| Other amounts payable | 47/48 | €42,118 | €16,258 | -€25,860 | -61.4% |
| Accrued charges and deferred income | 492/3 | €61 | €1,188 | +€1,127 | +1856.6% |
| Non-recurring operating income | 76A | €8,720 | €0 | -€8,720 | -100.0% |
| Remuneration, social security and pensions | 62 | €37,024 | €43,006 | +€5,982 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,724 | €28,708 | -€16 | -0.1% |
| Other operating charges | 640/8 | €2,806 | €2,892 | +€86 | +3.1% |
| Gross operating margin | 9900 | €114,467 | €125,340 | +€10,873 | +9.5% |
| Operating profit (loss) | 9901 | €45,913 | €50,734 | +€4,821 | +10.5% |
| Financial income | 75/76B | €0 | €41 | +€41 | |
| Recurring financial income | 75 | €0 | €41 | +€41 | |
| Financial charges | 65/66B | €24,847 | €27,298 | +€2,451 | +9.9% |
| Recurring financial charges | 65 | €24,847 | €27,298 | +€2,451 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €21,066 | €23,477 | +€2,410 | +11.4% |
| Income taxes | 67/77 | €6,528 | €7,983 | +€1,455 | +22.3% |
| Profit (loss) for the period | 9904 | €14,538 | €15,493 | +€955 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,538 | €15,493 | +€955 | +6.6% |
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 10 October 2026 via checked.be.