BR POOL: 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 POOL
Largest movements
- Current investments -€836,062
down €836,062 (-7.5%), from €11.1m to €10.3m
- Cash +€463,925
up €463,925 (+52.4%), from €885,650 to €1.3m
mainly Current investments (+€836,062) and Net result for the year (+€54,785)
- Reserves -€299,791
down €299,791 (-5.8%), from €5.2m to €4.9m
of which Distributable reserves: -€299,791
- Staff costs -€114,726
down €114,726 (-78.1%), from €146,872 to €32,146
- Financial income +€111,283
up €111,283 (+21.4%), from €519,853 to €631,136
- Taxes +€57,253
up €57,253 (+105.5%), from €54,286 to €111,539
- Depreciation -€28,760
no longer reported in 2025 (was €28,760)
- Gross operating margin +€18,765
up €18,765 (+15.4%), from -€122,198 to -€103,433
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 | €12,809,408 | €12,489,782 | -€319,626 | -2.5% |
| Fixed assets | 21/28 | €308,329 | €303,918 | -€4,410 | -1.4% |
| Tangible fixed assets | 22/27 | €307,849 | €303,438 | -€4,410 | -1.4% |
| Furniture and vehicles | 24 | €307,849 | €303,438 | -€4,410 | -1.4% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €12,501,079 | €12,185,864 | -€315,215 | -2.5% |
| Amounts receivable within one year | 40/41 | €482,579 | €542,880 | +€60,300 | +12.5% |
| Trade receivables | 40 | €1,580 | €1,580 | = | 0.0% |
| Other amounts receivable | 41 | €480,999 | €541,300 | +€60,300 | +12.5% |
| Current investments | 50/53 | €11,125,321 | €10,289,260 | -€836,062 | -7.5% |
| Cash at bank and in hand | 54/58 | €885,650 | €1,349,575 | +€463,925 | +52.4% |
| Deferred charges and accrued income | 490/1 | €7,528 | €4,149 | -€3,379 | -44.9% |
| Total equity and liabilities | 10/49 | €12,809,408 | €12,489,782 | -€319,626 | -2.5% |
| Equity | 10/15 | €12,730,162 | €12,431,156 | -€299,006 | -2.3% |
| Contributions | 10/11 | €6,931,800 | €6,931,800 | = | 0.0% |
| Reserves | 13 | €5,206,971 | €4,907,180 | -€299,791 | -5.8% |
| Non-distributable reserves | 130/1 | €693,180 | €693,180 | = | 0.0% |
| Reserves not available under the articles | 1311 | €693,180 | €693,180 | = | 0.0% |
| Distributable reserves | 133 | €4,513,791 | €4,214,000 | -€299,791 | -6.6% |
| Profit (loss) carried forward | 14 | €591,391 | €592,176 | +€785 | +0.1% |
| Amounts payable | 17/49 | €79,246 | €58,626 | -€20,620 | -26.0% |
| Amounts payable within one year | 42/48 | €79,246 | €58,626 | -€20,620 | -26.0% |
| Trade debts | 44 | €21,496 | €3,223 | -€18,273 | -85.0% |
| Suppliers | 440/4 | €21,496 | €3,223 | -€18,273 | -85.0% |
| Taxes, remuneration and social security | 45 | €56,988 | €49,333 | -€7,655 | -13.4% |
| Taxes | 450/3 | €40,153 | €49,333 | +€9,180 | +22.9% |
| Remuneration and social security | 454/9 | €16,835 | - | -€16,835 | |
| Other amounts payable | 47/48 | €761 | €6,069 | +€5,308 | +697.5% |
| Remuneration, social security and pensions | 62 | €146,872 | €32,146 | -€114,726 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,760 | - | -€28,760 | |
| Other operating charges | 640/8 | €6,496 | €7,578 | +€1,082 | +16.7% |
| Gross operating margin | 9900 | -€122,198 | -€103,433 | +€18,765 | +15.4% |
| Operating profit (loss) | 9901 | -€304,326 | -€143,157 | +€161,169 | +53.0% |
| Financial income | 75/76B | €519,853 | €631,136 | +€111,283 | +21.4% |
| Recurring financial income | 75 | €519,853 | €631,136 | +€111,283 | +21.4% |
| Financial charges | 65/66B | €312,277 | €321,656 | +€9,378 | +3.0% |
| Recurring financial charges | 65 | €312,277 | €321,656 | +€9,378 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€96,750 | €166,323 | +€263,074 | |
| Income taxes | 67/77 | €54,286 | €111,539 | +€57,253 | +105.5% |
| Profit (loss) for the period | 9904 | -€151,036 | €54,785 | +€205,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€151,036 | €54,785 | +€205,821 |
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 6 October 2026 via checked.be.