Bright Management: 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.
Bright Management
Largest movements
- Tangible fixed assets -€22,834
down €22,834 (-97.6%), from €23,402 to €568
of which Furniture and vehicles: -€22,610
- Receivables within one year -€853
down €853 (-30.6%), from €2,783 to €1,930
of which Other amounts receivable: -€2,431
- Cash -€508
down €508 (-66.6%), from €762 to €255
mainly Debts after one year (-€15,106) and Current portion of long-term debt (-€6,540)
- Debts after one year -€15,106
down €15,106 (-51.9%), from €29,106 to €14,000
of which Financial debts: -€15,106
- Current portion of long-term debt -€6,540
no longer reported in 2025 (was €6,540)
- Profit (loss) carried forward -€4,703
down €4,703 (-42.0%), from -€11,203 to -€15,905
- Other debts +€1,561
up €1,561 (+220.6%), from €708 to €2,269
- Tax, wage and social debts +€342
up €342 (+120.4%), from €284 to €627
- Depreciation -€7,288
down €7,288 (-97.0%), from €7,512 to €225
- Other operating charges +€2,113
up €2,113 (+1674.4%), from €126 to €2,239
- Gross operating margin +€845
up €845 (+36.6%), from -€2,306 to -€1,461
- Financial charges -€416
down €416 (-35.5%), from €1,172 to €756
- Taxes -€263
down €263 (-92.6%), from €284 to €21
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 | €27,095 | €2,752 | -€24,343 | -89.8% |
| Fixed assets | 21/28 | €23,402 | €568 | -€22,834 | -97.6% |
| Tangible fixed assets | 22/27 | €23,402 | €568 | -€22,834 | -97.6% |
| Plant, machinery and equipment | 23 | €792 | €568 | -€225 | -28.3% |
| Furniture and vehicles | 24 | €22,610 | - | -€22,610 | |
| Current assets | 29/58 | €3,693 | €2,185 | -€1,509 | -40.9% |
| Amounts receivable within one year | 40/41 | €2,783 | €1,930 | -€853 | -30.6% |
| Trade receivables | 40 | €333 | €1,912 | +€1,578 | +473.4% |
| Other amounts receivable | 41 | €2,449 | €18 | -€2,431 | -99.2% |
| Cash at bank and in hand | 54/58 | €762 | €255 | -€508 | -66.6% |
| Deferred charges and accrued income | 490/1 | €149 | - | -€149 | |
| Total equity and liabilities | 10/49 | €27,095 | €2,752 | -€24,343 | -89.8% |
| Equity | 10/15 | -€10,203 | -€14,905 | -€4,703 | -46.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,203 | -€15,905 | -€4,703 | -42.0% |
| Amounts payable | 17/49 | €37,298 | €17,658 | -€19,640 | -52.7% |
| Amounts payable after more than one year | 17 | €29,106 | €14,000 | -€15,106 | -51.9% |
| Financial debts | 170/4 | €15,106 | - | -€15,106 | |
| Other amounts payable | 178/9 | €14,000 | €14,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,192 | €3,658 | -€4,535 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €6,540 | - | -€6,540 | |
| Trade debts | 44 | €660 | €762 | +€102 | +15.5% |
| Suppliers | 440/4 | €660 | €762 | +€102 | +15.5% |
| Taxes, remuneration and social security | 45 | €284 | €627 | +€342 | +120.4% |
| Taxes | 450/3 | €284 | €627 | +€342 | +120.4% |
| Other amounts payable | 47/48 | €708 | €2,269 | +€1,561 | +220.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,512 | €225 | -€7,288 | -97.0% |
| Other operating charges | 640/8 | €126 | €2,239 | +€2,113 | +1674.4% |
| Gross operating margin | 9900 | -€2,306 | -€1,461 | +€845 | +36.6% |
| Operating profit (loss) | 9901 | -€9,945 | -€3,925 | +€6,019 | +60.5% |
| Financial charges | 65/66B | €1,172 | €756 | -€416 | -35.5% |
| Recurring financial charges | 65 | €1,172 | €756 | -€416 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,117 | -€4,682 | +€6,435 | +57.9% |
| Income taxes | 67/77 | €284 | €21 | -€263 | -92.6% |
| Profit (loss) for the period | 9904 | -€11,401 | -€4,703 | +€6,699 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,401 | -€4,703 | +€6,699 | +58.8% |
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 9 October 2026 via checked.be.