BRIGHTANALYTICS R&D: 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.
BRIGHTANALYTICS R&D
Largest movements
- Cash -€1.3m
down €1.3m (-66.9%), from €1.9m to €635,809
mainly Contributions, distributions and other (-€5.0m) and Receivables within one year (-€1.1m)
- Receivables within one year +€1.1m
up €1.1m (+40.3%), from €2.8m to €3.9m
of which Trade receivables: +€1.1m
- Current investments -€239,000
down €239,000 (-100%), from €239,000 to €0
- Tangible fixed assets +€56,399
up €56,399 (+39.2%), from €143,976 to €200,375
- Other debts -€430,157
down €430,157 (-10.4%), from €4.2m to €3.7m
- Trade debts +€177,014
up €177,014 (+55.1%), from €321,292 to €498,306
- Tax, wage and social debts -€82,892
down €82,892 (-41.4%), from €200,199 to €117,307
of which Remuneration and social security: -€58,866
- Gross operating margin +€1.6m
up €1.6m (+30.0%), from €5.3m to €6.9m
- Staff costs +€392,578
up €392,578 (+33.7%), from €1.2m to €1.6m
- Taxes +€298,148
up €298,148 (+1,166%), from €25,579 to €323,727
- Financial income -€75,619
down €75,619 (-89.0%), from €84,962 to €9,342
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 | €5,161,182 | €4,812,101 | -€349,081 | -6.8% |
| Fixed assets | 21/28 | €143,976 | €200,375 | +€56,399 | +39.2% |
| Tangible fixed assets | 22/27 | €143,976 | €200,375 | +€56,399 | +39.2% |
| Furniture and vehicles | 24 | €143,976 | €200,375 | +€56,399 | +39.2% |
| Current assets | 29/58 | €5,017,207 | €4,611,727 | -€405,480 | -8.1% |
| Amounts receivable within one year | 40/41 | €2,781,603 | €3,903,395 | +€1.1m | +40.3% |
| Trade receivables | 40 | €2,748,704 | €3,840,439 | +€1.1m | +39.7% |
| Other amounts receivable | 41 | €32,899 | €62,956 | +€30,056 | +91.4% |
| Current investments | 50/53 | €239,000 | €0 | -€239,000 | -100% |
| Cash at bank and in hand | 54/58 | €1,923,017 | €635,809 | -€1.3m | -66.9% |
| Deferred charges and accrued income | 490/1 | €73,587 | €72,523 | -€1,064 | -1.4% |
| Total equity and liabilities | 10/49 | €5,161,182 | €4,812,101 | -€349,081 | -6.8% |
| Equity | 10/15 | €378,419 | €391,810 | +€13,391 | +3.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €343,419 | €356,810 | +€13,391 | +3.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €343,419 | €356,810 | +€13,391 | +3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,782,763 | €4,420,291 | -€362,472 | -7.6% |
| Amounts payable after more than one year | 17 | €55,759 | €38,015 | -€17,744 | -31.8% |
| Financial debts | 170/4 | €55,759 | €38,015 | -€17,744 | -31.8% |
| Amounts payable within one year | 42/48 | €4,707,612 | €4,380,049 | -€327,563 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €30,916 | €39,388 | +€8,472 | +27.4% |
| Trade debts | 44 | €321,292 | €498,306 | +€177,014 | +55.1% |
| Suppliers | 440/4 | €321,292 | €498,306 | +€177,014 | +55.1% |
| Taxes, remuneration and social security | 45 | €200,199 | €117,307 | -€82,892 | -41.4% |
| Taxes | 450/3 | €24,108 | €82 | -€24,026 | -99.7% |
| Remuneration and social security | 454/9 | €176,092 | €117,226 | -€58,866 | -33.4% |
| Other amounts payable | 47/48 | €4,155,204 | €3,725,047 | -€430,157 | -10.4% |
| Accrued charges and deferred income | 492/3 | €19,393 | €2,228 | -€17,165 | -88.5% |
| Non-recurring operating income | 76A | €6,000 | €3,738 | -€2,262 | -37.7% |
| Remuneration, social security and pensions | 62 | €1,164,759 | €1,557,337 | +€392,578 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,847 | €36,543 | +€9,696 | +36.1% |
| Other operating charges | 640/8 | €8,506 | €5,249 | -€3,256 | -38.3% |
| Non-recurring operating charges | 66A | €889 | €6,159 | +€5,270 | +593% |
| Gross operating margin | 9900 | €5,325,839 | €6,922,486 | +€1.6m | +30.0% |
| Operating profit (loss) | 9901 | €4,124,838 | €5,317,197 | +€1.2m | +28.9% |
| Financial income | 75/76B | €84,962 | €9,342 | -€75,619 | -89.0% |
| Recurring financial income | 75 | €84,962 | €9,342 | -€75,619 | -89.0% |
| Financial charges | 65/66B | €25,263 | €14,421 | -€10,842 | -42.9% |
| Recurring financial charges | 65 | €25,263 | €14,421 | -€10,842 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €4,184,537 | €5,312,118 | +€1.1m | +26.9% |
| Income taxes | 67/77 | €25,579 | €323,727 | +€298,148 | +1,166% |
| Profit (loss) for the period | 9904 | €4,158,958 | €4,988,391 | +€829,433 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,158,958 | €4,988,391 | +€829,433 | +19.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.