BRG GROUP: 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.
BRG GROUP
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-33.8%), from €3.9m to €2.6m
of which Trade receivables: -€1.4m
- Cash -€714,207
down €714,207 (-66.2%), from €1.1m to €364,202
mainly Advances received (-€1.2m) and Net result for the year (-€1.1m)
- Advances received -€1.2m
no longer reported in 2025 (was €1.2m)
- Profit (loss) carried forward -€1.1m
down €1.1m (-51.4%), from €2.1m to €1.0m
- Provisions -€350,000
down €350,000 (-100%), from €350,000 to €0
- Trade debts +€278,451
up €278,451 (+23.6%), from €1.2m to €1.5m
- Other debts +€196,944
up €196,944 (+72.5%), from €271,514 to €468,457
- Turnover -€2.8m
down €2.8m (-27.5%), from €10.2m to €7.4m
- Gross operating margin -€2.1m
down €2.1m (-90.1%), from €2.3m to €231,186
- Purchases and services -€302,762
down €302,762 (-4.1%), from €7.4m to €7.1m
- Taxes +€200,137
up €200,137 (+135%), from €148,043 to €348,180
- Provisions -€150,000
down €150,000 (-75.0%), from -€200,000 to -€350,000
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 | €5,133,375 | €3,105,173 | -€2.0m | -39.5% |
| Fixed assets | 21/28 | €176,261 | €174,865 | -€1,396 | -0.8% |
| Tangible fixed assets | 22/27 | €175,761 | €174,365 | -€1,396 | -0.8% |
| Furniture and vehicles | 24 | €175,761 | €174,365 | -€1,396 | -0.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €4,957,114 | €2,930,308 | -€2.0m | -40.9% |
| Amounts receivable within one year | 40/41 | €3,878,705 | €2,566,106 | -€1.3m | -33.8% |
| Trade receivables | 40 | €2,509,344 | €1,110,401 | -€1.4m | -55.7% |
| Other amounts receivable | 41 | €1,369,361 | €1,455,704 | +€86,344 | +6.3% |
| Cash at bank and in hand | 54/58 | €1,078,409 | €364,202 | -€714,207 | -66.2% |
| Total equity and liabilities | 10/49 | €5,133,375 | €3,105,173 | -€2.0m | -39.5% |
| Equity | 10/15 | €2,162,187 | €1,085,765 | -€1.1m | -49.8% |
| Contributions | 10/11 | €61,973 | €61,973 | -€0 | 0.0% |
| Capital | 10 | €61,973 | €61,973 | -€0 | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | -€0 | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | -€0 | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €2,094,016 | €1,017,595 | -€1.1m | -51.4% |
| Provisions and deferred taxes | 16 | €350,000 | €0 | -€350,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €350,000 | €0 | -€350,000 | -100% |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | €350,000 | - | -€350,000 | |
| Amounts payable | 17/49 | €2,621,189 | €2,019,408 | -€601,780 | -23.0% |
| Amounts payable within one year | 42/48 | €2,620,997 | €2,019,217 | -€601,780 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €6,662 | €0 | -€6,662 | -100% |
| Trade debts | 44 | €1,181,764 | €1,460,214 | +€278,451 | +23.6% |
| Suppliers | 440/4 | €1,181,764 | €1,460,214 | +€278,451 | +23.6% |
| Advances received on contracts in progress | 46 | €1,161,059 | - | -€1.2m | |
| Taxes, remuneration and social security | 45 | - | €90,545 | +€90,545 | |
| Taxes | 450/3 | - | €90,545 | +€90,545 | |
| Other amounts payable | 47/48 | €271,514 | €468,457 | +€196,944 | +72.5% |
| Accrued charges and deferred income | 492/3 | €191 | €191 | = | 0.0% |
| Turnover | 70 | €10,169,771 | €7,369,421 | -€2.8m | -27.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,440,997 | €7,138,236 | -€302,762 | -4.1% |
| Remuneration, social security and pensions | 62 | €1,115,875 | €1,119,846 | +€3,971 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,665 | €124,838 | -€19,828 | -13.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€200,000 | -€350,000 | -€150,000 | -75.0% |
| Other operating charges | 640/8 | €42,441 | €37,031 | -€5,410 | -12.7% |
| Non-recurring operating charges | 66A | €20,454 | €1,897 | -€18,558 | -90.7% |
| Gross operating margin | 9900 | €2,328,774 | €231,186 | -€2.1m | -90.1% |
| Operating profit (loss) | 9901 | €1,205,338 | -€702,426 | -€1.9m | |
| Financial income | 75/76B | €21,393 | €882 | -€20,511 | -95.9% |
| Recurring financial income | 75 | €21,393 | €882 | -€20,511 | -95.9% |
| Financial charges | 65/66B | €26,151 | €26,698 | +€546 | +2.1% |
| Recurring financial charges | 65 | €26,151 | €26,698 | +€546 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €1,200,580 | -€728,241 | -€1.9m | |
| Income taxes | 67/77 | €148,043 | €348,180 | +€200,137 | +135% |
| Profit (loss) for the period | 9904 | €1,052,537 | -€1,076,421 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,052,537 | -€1,076,421 | -€2.1m |
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 16 October 2026 via checked.be.