BRIGHT VIEWS: 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 VIEWS
Largest movements
- Cash -€94,169
down €94,169 (-87.2%), from €108,026 to €13,857
mainly Investment in fixed assets (net) (-€83,329) and Debts after one year (-€43,823)
- Receivables within one year -€77,497
down €77,497 (-53.6%), from €144,717 to €67,220
of which Trade receivables: -€45,020
- Tangible fixed assets +€43,191
up €43,191 (+4.0%), from €1.1m to €1.1m
of which Land and buildings: +€46,158
- Debts after one year -€43,823
down €43,823 (-4.6%), from €954,135 to €910,312
- Trade debts -€31,319
down €31,319 (-42.8%), from €73,192 to €41,873
- Profit (loss) carried forward -€23,278
down €23,278 (-35.4%), from €65,719 to €42,442
- Tax, wage and social debts -€19,849
down €19,849 (-81.2%), from €24,450 to €4,601
- Gross operating margin -€13,974
down €13,974 (-13.9%), from €100,238 to €86,263
- Staff costs +€13,735
new in 2025: €13,735
- Taxes -€11,221
down €11,221, from €980 to -€10,241
- Depreciation -€9,559
down €9,559 (-19.2%), from €49,697 to €40,138
- Financial charges +€3,829
up €3,829 (+13.3%), from €28,868 to €32,697
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 | €1,348,556 | €1,229,748 | -€118,808 | -8.8% |
| Fixed assets | 21/28 | €1,087,423 | €1,130,614 | +€43,191 | +4.0% |
| Tangible fixed assets | 22/27 | €1,083,723 | €1,126,914 | +€43,191 | +4.0% |
| Land and buildings | 22 | €1,059,120 | €1,105,278 | +€46,158 | +4.4% |
| Furniture and vehicles | 24 | €24,603 | €21,636 | -€2,967 | -12.1% |
| Financial fixed assets | 28 | €3,700 | €3,700 | = | 0.0% |
| Current assets | 29/58 | €261,133 | €99,134 | -€161,999 | -62.0% |
| Stocks and contracts in progress | 3 | €7,851 | €7,851 | = | 0.0% |
| Stocks | 30/36 | €7,851 | €7,851 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €144,717 | €67,220 | -€77,497 | -53.6% |
| Trade receivables | 40 | €94,568 | €49,548 | -€45,020 | -47.6% |
| Other amounts receivable | 41 | €50,149 | €17,672 | -€32,477 | -64.8% |
| Cash at bank and in hand | 54/58 | €108,026 | €13,857 | -€94,169 | -87.2% |
| Deferred charges and accrued income | 490/1 | €538 | €10,205 | +€9,667 | +1795.9% |
| Total equity and liabilities | 10/49 | €1,348,556 | €1,229,748 | -€118,808 | -8.8% |
| Equity | 10/15 | €67,719 | €44,442 | -€23,278 | -34.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,719 | €42,442 | -€23,278 | -35.4% |
| Amounts payable | 17/49 | €1,280,837 | €1,185,306 | -€95,530 | -7.5% |
| Amounts payable after more than one year | 17 | €954,135 | €910,312 | -€43,823 | -4.6% |
| Financial debts | 170/4 | €954,135 | €910,312 | -€43,823 | -4.6% |
| Amounts payable within one year | 42/48 | €325,268 | €274,995 | -€50,273 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €52,462 | €46,369 | -€6,093 | -11.6% |
| Trade debts | 44 | €73,192 | €41,873 | -€31,319 | -42.8% |
| Suppliers | 440/4 | €73,192 | €41,873 | -€31,319 | -42.8% |
| Taxes, remuneration and social security | 45 | €24,450 | €4,601 | -€19,849 | -81.2% |
| Taxes | 450/3 | €24,450 | €4,601 | -€19,849 | -81.2% |
| Other amounts payable | 47/48 | €175,164 | €182,152 | +€6,989 | +4.0% |
| Accrued charges and deferred income | 492/3 | €1,434 | - | -€1,434 | |
| Remuneration, social security and pensions | 62 | - | €13,735 | +€13,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,697 | €40,138 | -€9,559 | -19.2% |
| Other operating charges | 640/8 | €6,629 | €3,714 | -€2,915 | -44.0% |
| Gross operating margin | 9900 | €100,238 | €86,263 | -€13,974 | -13.9% |
| Operating profit (loss) | 9901 | €43,911 | €28,676 | -€15,235 | -34.7% |
| Financial income | 75/76B | €1,313 | €502 | -€812 | -61.8% |
| Recurring financial income | 75 | €1,313 | €502 | -€812 | -61.8% |
| Financial charges | 65/66B | €28,868 | €32,697 | +€3,829 | +13.3% |
| Recurring financial charges | 65 | €28,868 | €32,697 | +€3,829 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €16,357 | -€3,519 | -€19,876 | |
| Transfer to deferred taxes | 680 | €17 | - | -€17 | |
| Income taxes | 67/77 | €980 | -€10,241 | -€11,221 | |
| Profit (loss) for the period | 9904 | €15,361 | €6,722 | -€8,638 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,361 | €6,722 | -€8,638 | -56.2% |
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 8 October 2026 via checked.be.