BRIARDE: 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.
BRIARDE
Largest movements
- Financial fixed assets +€255,000
up €255,000 (+25.6%), from €997,941 to €1.3m
- Current investments +€116,939
up €116,939 (+3.0%), from €3.9m to €4.0m
- Profit (loss) carried forward +€870,115
up €870,115 (+2.8%), from -€31.3m to -€30.5m
- Other debts -€270,746
down €270,746 (-3.8%), from €7.1m to €6.8m
- Debts after one year -€212,499
down €212,499 (-1.1%), from €18.6m to €18.4m
of which Other amounts payable: -€162,499
- Write-downs -€1.6m
down €1.6m, from €800,000 to -€750,000
- Financial charges -€354,669
down €354,669 (-90.1%), from €393,462 to €38,792
of which Non-recurring financial charges: -€352,500
- Gross operating margin -€170,524
down €170,524 (-1898.1%), from -€8,984 to -€179,508
- Financial income +€52,627
up €52,627 (+17.6%), from €299,247 to €351,874
- Other operating charges +€4,439
new in 2025: €4,439
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 | €5,462,262 | €5,904,578 | +€442,316 | +8.1% |
| Fixed assets | 21/28 | €1,027,138 | €1,273,118 | +€245,980 | +23.9% |
| Intangible fixed assets | 21 | €4,517 | €3,442 | -€1,075 | -23.8% |
| Tangible fixed assets | 22/27 | €24,680 | €16,736 | -€7,945 | -32.2% |
| Furniture and vehicles | 24 | €24,680 | €16,736 | -€7,945 | -32.2% |
| Financial fixed assets | 28 | €997,941 | €1,252,940 | +€255,000 | +25.6% |
| Current assets | 29/58 | €4,435,124 | €4,631,460 | +€196,336 | +4.4% |
| Amounts receivable within one year | 40/41 | €127,563 | €158,258 | +€30,695 | +24.1% |
| Trade receivables | 40 | €124,675 | €92,619 | -€32,056 | -25.7% |
| Other amounts receivable | 41 | €2,888 | €65,639 | +€62,751 | +2172.7% |
| Current investments | 50/53 | €3,897,708 | €4,014,648 | +€116,939 | +3.0% |
| Cash at bank and in hand | 54/58 | €298,917 | €348,859 | +€49,942 | +16.7% |
| Deferred charges and accrued income | 490/1 | €110,936 | €109,696 | -€1,240 | -1.1% |
| Total equity and liabilities | 10/49 | €5,462,262 | €5,904,578 | +€442,316 | +8.1% |
| Equity | 10/15 | -€20,339,227 | -€19,469,113 | +€870,115 | +4.3% |
| Contributions | 10/11 | €10,018,600 | €10,018,600 | = | 0.0% |
| Capital | 10 | €10,018,600 | €10,018,600 | = | 0.0% |
| Issued capital | 100 | €10,018,600 | €10,018,600 | = | 0.0% |
| Reserves | 13 | €985,000 | €985,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €985,000 | €985,000 | = | 0.0% |
| Legal reserve | 130 | €985,000 | €985,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,342,827 | -€30,472,713 | +€870,115 | +2.8% |
| Amounts payable | 17/49 | €25,801,490 | €25,373,691 | -€427,799 | -1.7% |
| Amounts payable after more than one year | 17 | €18,590,980 | €18,378,481 | -€212,499 | -1.1% |
| Financial debts | 170/4 | €590,980 | €540,980 | -€50,000 | -8.5% |
| Other amounts payable | 178/9 | €18,000,000 | €17,837,501 | -€162,499 | -0.9% |
| Amounts payable within one year | 42/48 | €7,210,510 | €6,995,210 | -€215,300 | -3.0% |
| Trade debts | 44 | €147,153 | €202,600 | +€55,446 | +37.7% |
| Suppliers | 440/4 | €147,153 | €202,600 | +€55,446 | +37.7% |
| Other amounts payable | 47/48 | €7,063,357 | €6,792,610 | -€270,746 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,955 | €9,019 | +€1,064 | +13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €800,000 | -€750,000 | -€1.6m | |
| Other operating charges | 640/8 | - | €4,439 | +€4,439 | |
| Gross operating margin | 9900 | -€8,984 | -€179,508 | -€170,524 | -1898.1% |
| Operating profit (loss) | 9901 | -€816,939 | €557,033 | +€1.4m | |
| Financial income | 75/76B | €299,247 | €351,874 | +€52,627 | +17.6% |
| Recurring financial income | 75 | €299,247 | €351,874 | +€52,627 | +17.6% |
| Financial charges | 65/66B | €393,462 | €38,792 | -€354,669 | -90.1% |
| Recurring financial charges | 65 | €40,962 | €38,792 | -€2,169 | -5.3% |
| Non-recurring financial charges | 66B | €352,500 | - | -€352,500 | |
| Profit (loss) for the period before taxes | 9903 | -€911,154 | €870,115 | +€1.8m | |
| Profit (loss) for the period | 9904 | -€911,154 | €870,115 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€911,154 | €870,115 | +€1.8m |
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 2 October 2026 via checked.be.