BRDB: 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.
BRDB
Largest movements
- Stocks and contracts +€1.4m
up €1.4m (+32.2%), from €4.4m to €5.8m
- Cash -€136,398
down €136,398 (-13.6%), from €1.0m to €864,893
mainly Other debts (-€2.3m) and Stocks and contracts (-€1.4m)
- Deferred charges and accrued income +€129,494
up €129,494 (+20489.6%), from €632 to €130,126
- Current portion of long-term debt +€3.8m
up €3.8m (+12750.0%), from €30,000 to €3.9m
- Other debts -€2.3m
down €2.3m (-46.0%), from €5.1m to €2.8m
- Profit (loss) carried forward -€78,541
down €78,541 (-7.7%), from -€1.0m to -€1.1m
- Financial charges -€78,741
down €78,741 (-72.5%), from €108,653 to €29,912
- Taxes -€52,999
new in 2025: -€52,999
- Services and other goods +€28,136
up €28,136 (+32.3%), from €87,058 to €115,194
- Depreciation -€10,981
down €10,981 (-32.2%), from €34,120 to €23,139
- Turnover +€1,257
up €1,257 (+3.2%), from €39,280 to €40,537
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 | €5,999,047 | €7,422,719 | +€1.4m | +23.7% |
| Fixed assets | 21/28 | €637,776 | €614,638 | -€23,138 | -3.6% |
| Tangible fixed assets | 22/27 | €637,776 | €614,638 | -€23,138 | -3.6% |
| Land and buildings | 22 | €637,776 | €614,638 | -€23,138 | -3.6% |
| Current assets | 29/58 | €5,361,271 | €6,808,081 | +€1.4m | +27.0% |
| Stocks and contracts in progress | 3 | €4,355,904 | €5,756,376 | +€1.4m | +32.2% |
| Stocks | 30/36 | €4,355,904 | €5,756,376 | +€1.4m | +32.2% |
| Property held for sale | 35 | €4,355,904 | €5,756,376 | +€1.4m | +32.2% |
| Amounts receivable within one year | 40/41 | €3,444 | €56,686 | +€53,242 | +1545.9% |
| Trade receivables | 40 | €3,444 | €3,687 | +€243 | +7.1% |
| Other amounts receivable | 41 | - | €52,999 | +€52,999 | |
| Cash at bank and in hand | 54/58 | €1,001,291 | €864,893 | -€136,398 | -13.6% |
| Deferred charges and accrued income | 490/1 | €632 | €130,126 | +€129,494 | +20489.6% |
| Total equity and liabilities | 10/49 | €5,999,047 | €7,422,719 | +€1.4m | +23.7% |
| Equity | 10/15 | €218,920 | €140,379 | -€78,541 | -35.9% |
| Contributions | 10/11 | €1,238,100 | €1,238,100 | = | 0.0% |
| Capital | 10 | €1,238,100 | €1,238,100 | = | 0.0% |
| Issued capital | 100 | €1,238,100 | €1,238,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,019,180 | -€1,097,721 | -€78,541 | -7.7% |
| Amounts payable | 17/49 | €5,780,127 | €7,282,340 | +€1.5m | +26.0% |
| Amounts payable after more than one year | 17 | €389,275 | €359,275 | -€30,000 | -7.7% |
| Financial debts | 170/4 | €385,000 | €355,000 | -€30,000 | -7.8% |
| Credit institutions | 173 | €385,000 | €355,000 | -€30,000 | -7.8% |
| Other amounts payable | 178/9 | €4,275 | €4,275 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,387,499 | €6,919,638 | +€1.5m | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €3,855,000 | +€3.8m | +12750.0% |
| Trade debts | 44 | €264,050 | €312,296 | +€48,246 | +18.3% |
| Suppliers | 440/4 | €264,050 | €312,296 | +€48,246 | +18.3% |
| Other amounts payable | 47/48 | €5,093,449 | €2,752,342 | -€2.3m | -46.0% |
| Accrued charges and deferred income | 492/3 | €3,353 | €3,427 | +€74 | +2.2% |
| Operating income | 70/76A | €39,280 | €40,734 | +€1,454 | +3.7% |
| Turnover | 70 | €39,280 | €40,537 | +€1,257 | +3.2% |
| Other operating income | 74 | - | €197 | +€197 | |
| Operating charges | 60/66A | €125,115 | €142,363 | +€17,248 | +13.8% |
| Purchases | 600/8 | €2,235,089 | - | -€2.2m | |
| Change in stocks: decrease (increase) | 609 | -€2,235,089 | - | +€2.2m | |
| Services and other goods | 61 | €87,058 | €115,194 | +€28,136 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,120 | €23,139 | -€10,981 | -32.2% |
| Other operating charges | 640/8 | €3,937 | €4,030 | +€93 | +2.4% |
| Operating profit (loss) | 9901 | -€85,835 | -€101,629 | -€15,794 | -18.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Financial charges | 65/66B | €108,653 | €29,912 | -€78,741 | -72.5% |
| Recurring financial charges | 65 | €108,653 | €29,912 | -€78,741 | -72.5% |
| Debt charges | 650 | €107,262 | €28,291 | -€78,971 | -73.6% |
| Other financial charges | 652/9 | €1,391 | €1,621 | +€230 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | -€194,488 | -€131,540 | +€62,948 | +32.4% |
| Income taxes | 67/77 | - | -€52,999 | -€52,999 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €52,999 | +€52,999 | |
| Profit (loss) for the period | 9904 | -€194,488 | -€78,541 | +€115,947 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€194,488 | -€78,541 | +€115,947 | +59.6% |
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 7 October 2026 via checked.be.