BRIGHT & MORE: 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 & MORE
Largest movements
- Receivables within one year +€83,807
up €83,807 (+174%), from €48,232 to €132,039
of which Trade receivables: +€78,084
- Cash -€42,550
down €42,550 (-30.4%), from €139,887 to €97,338
mainly Receivables within one year (-€83,807) and Deferred charges and accrued income (-€2,569)
- Deferred charges and accrued income +€2,569
up €2,569 (+79.0%), from €3,250 to €5,819
- Profit (loss) carried forward +€17,812
up €17,812 (+52.9%), from -€33,697 to -€15,886
- Other debts +€11,788
up €11,788 (+67.1%), from €17,560 to €29,348
- Trade debts +€11,619
up €11,619 (+24.9%), from €46,648 to €58,266
- Gross operating margin +€52,396
up €52,396, from -€31,695 to €20,702
- Financial charges +€583
up €583 (+55.6%), from €1,048 to €1,631
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 | €195,125 | €236,896 | +€41,771 | +21.4% |
| Formation expenses | 20 | €162 | €22 | -€141 | -86.7% |
| Fixed assets | 21/28 | €3,594 | €1,679 | -€1,915 | -53.3% |
| Tangible fixed assets | 22/27 | €3,594 | €1,679 | -€1,915 | -53.3% |
| Furniture and vehicles | 24 | €3,594 | €1,679 | -€1,915 | -53.3% |
| Current assets | 29/58 | €191,369 | €235,195 | +€43,827 | +22.9% |
| Amounts receivable within one year | 40/41 | €48,232 | €132,039 | +€83,807 | +174% |
| Trade receivables | 40 | €33,535 | €111,618 | +€78,084 | +233% |
| Other amounts receivable | 41 | €14,697 | €20,421 | +€5,724 | +38.9% |
| Cash at bank and in hand | 54/58 | €139,887 | €97,338 | -€42,550 | -30.4% |
| Deferred charges and accrued income | 490/1 | €3,250 | €5,819 | +€2,569 | +79.0% |
| Total equity and liabilities | 10/49 | €195,125 | €236,896 | +€41,771 | +21.4% |
| Equity | 10/15 | €129,603 | €147,414 | +€17,812 | +13.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €150,800 | €150,800 | = | 0.0% |
| Distributable reserves | 133 | €150,800 | €150,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,697 | -€15,886 | +€17,812 | +52.9% |
| Amounts payable | 17/49 | €65,522 | €89,481 | +€23,959 | +36.6% |
| Amounts payable within one year | 42/48 | €64,207 | €87,614 | +€23,407 | +36.5% |
| Trade debts | 44 | €46,648 | €58,266 | +€11,619 | +24.9% |
| Suppliers | 440/4 | €46,648 | €58,266 | +€11,619 | +24.9% |
| Other amounts payable | 47/48 | €17,560 | €29,348 | +€11,788 | +67.1% |
| Accrued charges and deferred income | 492/3 | €1,315 | €1,867 | +€552 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,056 | €2,056 | = | 0.0% |
| Other operating charges | 640/8 | - | €55 | +€55 | |
| Gross operating margin | 9900 | -€31,695 | €20,702 | +€52,396 | |
| Operating profit (loss) | 9901 | -€33,750 | €18,591 | +€52,341 | |
| Financial income | 75/76B | €1,093 | €1,013 | -€79 | -7.2% |
| Recurring financial income | 75 | €1,093 | €1,013 | -€79 | -7.2% |
| Financial charges | 65/66B | €1,048 | €1,631 | +€583 | +55.6% |
| Recurring financial charges | 65 | €1,048 | €1,631 | +€583 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,705 | €17,974 | +€51,679 | |
| Income taxes | 67/77 | €175 | €162 | -€12 | -7.0% |
| Profit (loss) for the period | 9904 | -€33,880 | €17,812 | +€51,692 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,880 | €17,812 | +€51,692 |
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 13 October 2026 via checked.be.