BRALRENOV: 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.
BRALRENOV
Largest movements
- Cash +€62,060
up €62,060 (+75.3%), from €82,371 to €144,431
mainly Other debts (+€71,928) and Net result for the year (+€70,398)
- Tangible fixed assets +€12,565
up €12,565 (+124%), from €10,143 to €22,708
of which Furniture and vehicles: +€12,749
- Receivables within one year -€9,437
down €9,437 (-25.4%), from €37,168 to €27,731
of which Trade receivables: -€9,571
- Deferred charges and accrued income +€3,015
new in 2025: €3,015
- Other debts +€71,928
up €71,928 (+556%), from €12,946 to €84,873
- Trade debts -€15,952
down €15,952 (-67.6%), from €23,595 to €7,643
- Tax, wage and social debts +€11,829
up €11,829 (+183%), from €6,478 to €18,307
of which Taxes: +€7,661
- Gross operating margin +€72,362
up €72,362 (+103%), from €70,216 to €142,578
- Staff costs +€9,292
up €9,292 (+24.7%), from €37,646 to €46,937
- Taxes +€8,782
up €8,782 (+107%), from €8,232 to €17,015
- Other operating charges +€1,774
up €1,774 (+192%), from €923 to €2,696
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 | €129,750 | €197,953 | +€68,203 | +52.6% |
| Fixed assets | 21/28 | €10,211 | €22,776 | +€12,565 | +123% |
| Tangible fixed assets | 22/27 | €10,143 | €22,708 | +€12,565 | +124% |
| Plant, machinery and equipment | 23 | €1,522 | €2,262 | +€740 | +48.6% |
| Furniture and vehicles | 24 | €2,849 | €15,598 | +€12,749 | +447% |
| Other tangible fixed assets | 26 | €5,771 | €4,847 | -€924 | -16.0% |
| Financial fixed assets | 28 | €68 | €68 | = | 0.0% |
| Current assets | 29/58 | €119,539 | €175,177 | +€55,638 | +46.5% |
| Amounts receivable within one year | 40/41 | €37,168 | €27,731 | -€9,437 | -25.4% |
| Trade receivables | 40 | €37,168 | €27,597 | -€9,571 | -25.8% |
| Other amounts receivable | 41 | €0 | €134 | +€134 | |
| Cash at bank and in hand | 54/58 | €82,371 | €144,431 | +€62,060 | +75.3% |
| Deferred charges and accrued income | 490/1 | - | €3,015 | +€3,015 | |
| Total equity and liabilities | 10/49 | €129,750 | €197,953 | +€68,203 | +52.6% |
| Equity | 10/15 | €86,731 | €87,130 | +€398 | +0.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €74,000 | €74,000 | = | 0.0% |
| Distributable reserves | 133 | €74,000 | €74,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,731 | €10,130 | +€398 | +4.1% |
| Amounts payable | 17/49 | €43,019 | €110,823 | +€67,805 | +158% |
| Amounts payable within one year | 42/48 | €43,019 | €110,823 | +€67,805 | +158% |
| Trade debts | 44 | €23,595 | €7,643 | -€15,952 | -67.6% |
| Suppliers | 440/4 | €23,595 | €7,643 | -€15,952 | -67.6% |
| Taxes, remuneration and social security | 45 | €6,478 | €18,307 | +€11,829 | +183% |
| Taxes | 450/3 | €4,339 | €12,000 | +€7,661 | +177% |
| Remuneration and social security | 454/9 | €2,139 | €6,307 | +€4,168 | +195% |
| Other amounts payable | 47/48 | €12,946 | €84,873 | +€71,928 | +556% |
| Remuneration, social security and pensions | 62 | €37,646 | €46,937 | +€9,292 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,959 | €5,329 | +€1,369 | +34.6% |
| Other operating charges | 640/8 | €923 | €2,696 | +€1,774 | +192% |
| Gross operating margin | 9900 | €70,216 | €142,578 | +€72,362 | +103% |
| Operating profit (loss) | 9901 | €27,688 | €87,616 | +€59,928 | +216% |
| Financial income | 75/76B | €58 | €5 | -€53 | -91.3% |
| Recurring financial income | 75 | €58 | €5 | -€53 | -91.3% |
| Financial charges | 65/66B | €332 | €209 | -€123 | -37.1% |
| Recurring financial charges | 65 | €332 | €209 | -€123 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €27,415 | €87,413 | +€59,998 | +219% |
| Income taxes | 67/77 | €8,232 | €17,015 | +€8,782 | +107% |
| Profit (loss) for the period | 9904 | €19,183 | €70,398 | +€51,215 | +267% |
| Profit (loss) for the period to be appropriated | 9905 | €19,183 | €70,398 | +€51,215 | +267% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.