BRIGHT MOUNTAIN: 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.
BRIGHT MOUNTAIN
Largest movements
- Tangible fixed assets +€142,547
up €142,547 (+23.0%), from €618,747 to €761,294
of which Land and buildings: +€93,884
- Cash -€62,812
down €62,812 (-93.8%), from €66,976 to €4,164
mainly Investment in fixed assets (net) (-€174,357) and Trade debts (-€52,356)
- Receivables within one year +€34,954
up €34,954 (+101.0%), from €34,616 to €69,570
of which Trade receivables: +€18,631
- Debts after one year +€144,666
up €144,666 (+28.2%), from €513,661 to €658,327
- Trade debts -€52,356
down €52,356 (-83.8%), from €62,503 to €10,147
- Current portion of long-term debt +€17,107
up €17,107 (+50.2%), from €34,090 to €51,197
- Profit (loss) carried forward +€15,770
up €15,770 (+24.4%), from €64,592 to €80,362
- Depreciation +€16,805
up €16,805 (+112.0%), from €15,005 to €31,810
- Gross operating margin +€12,511
up €12,511 (+17.4%), from €71,909 to €84,420
- Financial charges +€5,836
up €5,836 (+31.0%), from €18,839 to €24,675
- Write-downs +€4,330
up €4,330, from -€1,529 to €2,801
- Taxes -€2,818
down €2,818 (-33.1%), from €8,505 to €5,687
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 | €723,371 | €837,663 | +€114,292 | +15.8% |
| Fixed assets | 21/28 | €618,747 | €761,294 | +€142,547 | +23.0% |
| Tangible fixed assets | 22/27 | €618,747 | €761,294 | +€142,547 | +23.0% |
| Land and buildings | 22 | €606,575 | €700,459 | +€93,884 | +15.5% |
| Plant, machinery and equipment | 23 | €4,816 | €5,094 | +€278 | +5.8% |
| Furniture and vehicles | 24 | €5,231 | €54,323 | +€49,092 | +938.5% |
| Other tangible fixed assets | 26 | €2,125 | €1,418 | -€707 | -33.3% |
| Current assets | 29/58 | €104,624 | €76,368 | -€28,256 | -27.0% |
| Amounts receivable within one year | 40/41 | €34,616 | €69,570 | +€34,954 | +101.0% |
| Trade receivables | 40 | €30,185 | €48,816 | +€18,631 | +61.7% |
| Other amounts receivable | 41 | €4,431 | €20,754 | +€16,323 | +368.4% |
| Cash at bank and in hand | 54/58 | €66,976 | €4,164 | -€62,812 | -93.8% |
| Deferred charges and accrued income | 490/1 | €3,032 | €2,634 | -€398 | -13.1% |
| Total equity and liabilities | 10/49 | €723,371 | €837,663 | +€114,292 | +15.8% |
| Equity | 10/15 | €83,322 | €99,092 | +€15,770 | +18.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €180 | €180 | = | 0.0% |
| Non-distributable reserves | 130/1 | €180 | €180 | = | 0.0% |
| Reserves not available under the articles | 1311 | €180 | €180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,592 | €80,362 | +€15,770 | +24.4% |
| Amounts payable | 17/49 | €640,049 | €738,571 | +€98,522 | +15.4% |
| Amounts payable after more than one year | 17 | €513,661 | €658,327 | +€144,666 | +28.2% |
| Financial debts | 170/4 | €513,661 | €658,327 | +€144,666 | +28.2% |
| Amounts payable within one year | 42/48 | €126,011 | €79,828 | -€46,183 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €34,090 | €51,197 | +€17,107 | +50.2% |
| Trade debts | 44 | €62,503 | €10,147 | -€52,356 | -83.8% |
| Suppliers | 440/4 | €62,503 | €10,147 | -€52,356 | -83.8% |
| Taxes, remuneration and social security | 45 | €23,677 | €18,484 | -€5,193 | -21.9% |
| Taxes | 450/3 | €23,677 | €18,484 | -€5,193 | -21.9% |
| Other amounts payable | 47/48 | €5,741 | - | -€5,741 | |
| Accrued charges and deferred income | 492/3 | €377 | €416 | +€39 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,005 | €31,810 | +€16,805 | +112.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,529 | €2,801 | +€4,330 | |
| Other operating charges | 640/8 | €3,127 | €3,979 | +€852 | +27.2% |
| Gross operating margin | 9900 | €71,909 | €84,420 | +€12,511 | +17.4% |
| Operating profit (loss) | 9901 | €55,306 | €45,831 | -€9,475 | -17.1% |
| Financial income | 75/76B | €16 | €301 | +€285 | +1783.2% |
| Recurring financial income | 75 | €16 | €301 | +€285 | +1783.2% |
| Financial charges | 65/66B | €18,839 | €24,675 | +€5,836 | +31.0% |
| Recurring financial charges | 65 | €18,839 | €24,675 | +€5,836 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €36,483 | €21,457 | -€15,026 | -41.2% |
| Income taxes | 67/77 | €8,505 | €5,687 | -€2,818 | -33.1% |
| Profit (loss) for the period | 9904 | €27,978 | €15,770 | -€12,208 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,978 | €15,770 | -€12,208 | -43.6% |
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.