BRB INVEST: what changed
What changed
BRB INVEST
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€117,783
2024 · €106,690+€11,093
Equity
€1.1m
2024 · €963,186+€117,783
Cash
€197,922
2024 · €57,785+€140,136
Balance sheet total
€4.1m
2024 · €4.2m-€49,415
Largest movements
Assets
- Receivables within one year -€158,210
down €158,210 (-99.9%), from €158,360 to €149
of which Other amounts receivable: -€131,923
- Cash +€140,136
up €140,136 (+243%), from €57,785 to €197,922
mainly Receivables within one year (+€158,210) and Depreciation (+€118,105)
- Stocks and contracts -€103,421
down €103,421 (-33.3%), from €310,263 to €206,842
- Tangible fixed assets +€67,171
up €67,171 (+1.8%), from €3.7m to €3.7m
of which Land and buildings: +€69,155
Equity and liabilities
- Reserves +€117,783
up €117,783 (+12.5%), from €943,146 to €1.1m
of which Distributable reserves: +€158,298
- Current portion of long-term debt -€111,196
down €111,196 (-22.8%), from €487,622 to €376,427
- Debts after one year -€59,594
down €59,594 (-2.9%), from €2.0m to €2.0m
Income statement
- Taxes -€35,744
down €35,744 (-31.8%), from €112,547 to €76,804
- Gross operating margin +€12,418
up €12,418 (+3.4%), from €369,756 to €382,174
- Financial charges -€11,710
down €11,710 (-18.8%), from €62,453 to €50,743
- Depreciation +€8,501
up €8,501 (+7.8%), from €109,604 to €118,105
- Purchases and services -€6,113
down €6,113 (-6.9%), from €89,005 to €82,892
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€106,690
Gross operating margin
+€12,418
Depreciation
-€8,501
Other operating charges
-€1,101
Financial income
+€17
Financial charges
+€11,710
Taxes
+€35,744
Deferred taxes and other
-€39,194
Result 2025
€117,783
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€496,202
Investment
-€185,276
Financing
-€170,790
Cash 2024
€57,785
From operations (derived)
+€496,202
Net result for the year
+€117,783
Depreciation
+€118,105
Stocks and contracts
+€103,421
Receivables within one year
+€158,210
Deferred charges and accrued income
-€4,909
Provisions
-€19,110
Trade debts
+€25,264
Tax, wage and social debts
+€25,929
Other debts
-€25,995
Accrued charges and deferred income
-€2,498
Investment (derived)
-€185,276
Investment in fixed assets (net)
-€185,276
Financing
-€170,790
Debts after one year
-€59,594
Current portion of long-term debt
-€111,196
Cash 2025
€197,922
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,198,956 | €4,149,540 | -€49,415 | -1.2% |
| Fixed assets | 21/28 | €3,672,548 | €3,739,719 | +€67,171 | +1.8% |
| Tangible fixed assets | 22/27 | €3,672,548 | €3,739,719 | +€67,171 | +1.8% |
| Land and buildings | 22 | €3,529,640 | €3,598,795 | +€69,155 | +2.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,908 | €924 | -€1,984 | -68.2% |
| Leasing and similar rights | 25 | €140,000 | €140,000 | = | 0.0% |
| Current assets | 29/58 | €526,407 | €409,821 | -€116,586 | -22.1% |
| Stocks and contracts in progress | 3 | €310,263 | €206,842 | -€103,421 | -33.3% |
| Stocks | 30/36 | €310,263 | €206,842 | -€103,421 | -33.3% |
| Amounts receivable within one year | 40/41 | €158,360 | €149 | -€158,210 | -99.9% |
| Trade receivables | 40 | €26,288 | - | -€26,288 | |
| Other amounts receivable | 41 | €132,072 | €149 | -€131,923 | -99.9% |
| Cash at bank and in hand | 54/58 | €57,785 | €197,922 | +€140,136 | +243% |
| Deferred charges and accrued income | 490/1 | €0 | €4,909 | +€4,909 | |
| Total equity and liabilities | 10/49 | €4,198,956 | €4,149,540 | -€49,415 | -1.2% |
| Equity | 10/15 | €963,186 | €1,080,969 | +€117,783 | +12.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Revaluation surpluses | 12 | €11,980 | €11,980 | = | 0.0% |
| Reserves | 13 | €943,146 | €1,060,929 | +€117,783 | +12.5% |
| Tax-exempt reserves | 132 | €432,536 | €392,021 | -€40,515 | -9.4% |
| Distributable reserves | 133 | €510,610 | €668,908 | +€158,298 | +31.0% |
| Provisions and deferred taxes | 16 | €164,578 | €145,469 | -€19,110 | -11.6% |
| Deferred taxes | 168 | €164,578 | €145,469 | -€19,110 | -11.6% |
| Amounts payable | 17/49 | €3,071,191 | €2,923,102 | -€148,089 | -4.8% |
| Amounts payable after more than one year | 17 | €2,020,237 | €1,960,643 | -€59,594 | -2.9% |
| Financial debts | 170/4 | €2,020,237 | €1,960,643 | -€59,594 | -2.9% |
| Amounts payable within one year | 42/48 | €1,039,986 | €953,989 | -€85,997 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €487,622 | €376,427 | -€111,196 | -22.8% |
| Trade debts | 44 | €6,123 | €31,387 | +€25,264 | +413% |
| Suppliers | 440/4 | €6,123 | €31,387 | +€25,264 | +413% |
| Taxes, remuneration and social security | 45 | €117,692 | €143,621 | +€25,929 | +22.0% |
| Taxes | 450/3 | €117,692 | €143,621 | +€25,929 | +22.0% |
| Other amounts payable | 47/48 | €428,549 | €402,554 | -€25,995 | -6.1% |
| Accrued charges and deferred income | 492/3 | €10,968 | €8,470 | -€2,498 | -22.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €89,005 | €82,892 | -€6,113 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,604 | €118,105 | +€8,501 | +7.8% |
| Other operating charges | 640/8 | €36,766 | €37,867 | +€1,101 | +3.0% |
| Gross operating margin | 9900 | €369,756 | €382,174 | +€12,418 | +3.4% |
| Operating profit (loss) | 9901 | €223,387 | €226,202 | +€2,816 | +1.3% |
| Financial income | 75/76B | €0 | €17 | +€17 | +173,600% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +173,600% |
| Financial charges | 65/66B | €62,453 | €50,743 | -€11,710 | -18.8% |
| Recurring financial charges | 65 | €62,453 | €50,743 | -€11,710 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €160,934 | €175,477 | +€14,543 | +9.0% |
| Transfer from deferred taxes | 780 | €58,304 | €19,110 | -€39,194 | -67.2% |
| Income taxes | 67/77 | €112,547 | €76,804 | -€35,744 | -31.8% |
| Profit (loss) for the period | 9904 | €106,690 | €117,783 | +€11,093 | +10.4% |
| Transfer from tax-exempt reserves | 789 | €120,091 | €40,515 | -€79,576 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €226,781 | €158,298 | -€68,483 | -30.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.