BRBO: 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.
BRBO
Largest movements
- Intangible fixed assets -€141,627
down €141,627 (-16.7%), from €849,761 to €708,134
- Tangible fixed assets +€36,266
up €36,266 (+364.9%), from €9,939 to €46,204
- Cash -€20,470
down €20,470 (-36.2%), from €56,525 to €36,055
mainly Trade debts (-€86,255) and Debts after one year (-€82,980)
- Trade debts -€86,255
down €86,255 (-39.9%), from €216,199 to €129,944
- Debts after one year -€82,980
down €82,980 (-14.4%), from €576,958 to €493,978
- Tax, wage and social debts +€24,471
up €24,471 (+136.7%), from €17,905 to €42,376
of which Taxes: +€22,009
- Profit (loss) carried forward +€12,183
up €12,183 (+59.5%), from €20,467 to €32,650
- Gross operating margin +€87,418
up €87,418 (+20.3%), from €430,806 to €518,225
- Staff costs +€75,960
up €75,960 (+32.3%), from €235,405 to €311,365
- Depreciation +€9,751
up €9,751 (+6.6%), from €148,866 to €158,617
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 | €949,181 | €825,626 | -€123,554 | -13.0% |
| Fixed assets | 21/28 | €859,700 | €754,339 | -€105,361 | -12.3% |
| Intangible fixed assets | 21 | €849,761 | €708,134 | -€141,627 | -16.7% |
| Tangible fixed assets | 22/27 | €9,939 | €46,204 | +€36,266 | +364.9% |
| Furniture and vehicles | 24 | €9,939 | €46,204 | +€36,266 | +364.9% |
| Current assets | 29/58 | €89,481 | €71,287 | -€18,193 | -20.3% |
| Amounts receivable within one year | 40/41 | €26,357 | €28,045 | +€1,688 | +6.4% |
| Trade receivables | 40 | €25,478 | €28,045 | +€2,567 | +10.1% |
| Other amounts receivable | 41 | €879 | - | -€879 | |
| Cash at bank and in hand | 54/58 | €56,525 | €36,055 | -€20,470 | -36.2% |
| Deferred charges and accrued income | 490/1 | €6,598 | €7,187 | +€589 | +8.9% |
| Total equity and liabilities | 10/49 | €949,181 | €825,626 | -€123,554 | -13.0% |
| Equity | 10/15 | €22,867 | €35,050 | +€12,183 | +53.3% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,467 | €32,650 | +€12,183 | +59.5% |
| Amounts payable | 17/49 | €926,314 | €790,576 | -€135,737 | -14.7% |
| Amounts payable after more than one year | 17 | €576,958 | €493,978 | -€82,980 | -14.4% |
| Financial debts | 170/4 | €576,958 | €493,978 | -€82,980 | -14.4% |
| Amounts payable within one year | 42/48 | €349,355 | €296,598 | -€52,757 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €113,500 | €122,528 | +€9,028 | +8.0% |
| Trade debts | 44 | €216,199 | €129,944 | -€86,255 | -39.9% |
| Suppliers | 440/4 | €216,199 | €129,944 | -€86,255 | -39.9% |
| Advances received on contracts in progress | 46 | €1,564 | €1,750 | +€185 | +11.8% |
| Taxes, remuneration and social security | 45 | €17,905 | €42,376 | +€24,471 | +136.7% |
| Taxes | 450/3 | €5,128 | €27,137 | +€22,009 | +429.2% |
| Remuneration and social security | 454/9 | €12,776 | €15,239 | +€2,463 | +19.3% |
| Other amounts payable | 47/48 | €187 | - | -€187 | |
| Remuneration, social security and pensions | 62 | €235,405 | €311,365 | +€75,960 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,866 | €158,617 | +€9,751 | +6.6% |
| Other operating charges | 640/8 | €1,853 | €2,499 | +€647 | +34.9% |
| Gross operating margin | 9900 | €430,806 | €518,225 | +€87,418 | +20.3% |
| Operating profit (loss) | 9901 | €44,683 | €45,744 | +€1,061 | +2.4% |
| Financial income | 75/76B | €68 | €195 | +€127 | +185.8% |
| Recurring financial income | 75 | €68 | €195 | +€127 | +185.8% |
| Financial charges | 65/66B | €28,896 | €26,035 | -€2,861 | -9.9% |
| Recurring financial charges | 65 | €28,896 | €26,035 | -€2,861 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €15,855 | €19,903 | +€4,048 | +25.5% |
| Income taxes | 67/77 | €5,128 | €7,721 | +€2,592 | +50.5% |
| Profit (loss) for the period | 9904 | €10,727 | €12,183 | +€1,456 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,727 | €12,183 | +€1,456 | +13.6% |
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.