BrightCowboy: 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.
BrightCowboy
Largest movements
- Deferred charges and accrued income +€27,494
up €27,494 (+892%), from €3,083 to €30,577
- Tangible fixed assets -€14,258
down €14,258 (-53.1%), from €26,831 to €12,573
- Receivables within one year -€12,036
down €12,036 (-92.9%), from €12,953 to €917
of which Trade receivables: -€8,889
- Cash +€10,258
up €10,258 (+258%), from €3,974 to €14,232
mainly Other debts (+€39,432) and Depreciation (+€15,949)
- Other debts +€39,432
up €39,432 (+506%), from €7,796 to €47,229
- Profit (loss) carried forward -€12,026
new in 2025: -€12,026
- Debts after one year -€10,672
down €10,672 (-59.6%), from €17,900 to €7,227
- Reserves -€3,929
no longer reported in 2025 (was €3,929)
- Trade debts -€1,562
down €1,562 (-50.9%), from €3,072 to €1,510
- Gross operating margin +€8,526
up €8,526, from -€7,491 to €1,035
- Other operating charges -€737
down €737 (-64.7%), from €1,139 to €402
- Financial charges -€182
down €182 (-26.6%), from €687 to €505
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 | €48,315 | €59,612 | +€11,297 | +23.4% |
| Fixed assets | 21/28 | €28,304 | €13,886 | -€14,419 | -50.9% |
| Intangible fixed assets | 21 | €1,474 | €1,313 | -€161 | -10.9% |
| Tangible fixed assets | 22/27 | €26,831 | €12,573 | -€14,258 | -53.1% |
| Furniture and vehicles | 24 | €26,831 | €12,573 | -€14,258 | -53.1% |
| Current assets | 29/58 | €20,010 | €45,726 | +€25,716 | +129% |
| Amounts receivable within one year | 40/41 | €12,953 | €917 | -€12,036 | -92.9% |
| Trade receivables | 40 | €8,889 | - | -€8,889 | |
| Other amounts receivable | 41 | €4,064 | €917 | -€3,147 | -77.4% |
| Cash at bank and in hand | 54/58 | €3,974 | €14,232 | +€10,258 | +258% |
| Deferred charges and accrued income | 490/1 | €3,083 | €30,577 | +€27,494 | +892% |
| Total equity and liabilities | 10/49 | €48,315 | €59,612 | +€11,297 | +23.4% |
| Equity | 10/15 | €8,929 | -€7,026 | -€15,955 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,929 | - | -€3,929 | |
| Distributable reserves | 133 | €3,929 | - | -€3,929 | |
| Profit (loss) carried forward | 14 | - | -€12,026 | -€12,026 | |
| Amounts payable | 17/49 | €39,386 | €66,638 | +€27,252 | +69.2% |
| Amounts payable after more than one year | 17 | €17,900 | €7,227 | -€10,672 | -59.6% |
| Financial debts | 170/4 | €17,900 | €7,227 | -€10,672 | -59.6% |
| Amounts payable within one year | 42/48 | €21,486 | €59,411 | +€37,925 | +177% |
| Current portion of amounts payable after more than one year | 42 | €10,473 | €10,672 | +€199 | +1.9% |
| Trade debts | 44 | €3,072 | €1,510 | -€1,562 | -50.9% |
| Suppliers | 440/4 | €3,072 | €1,510 | -€1,562 | -50.9% |
| Taxes, remuneration and social security | 45 | €145 | - | -€145 | |
| Taxes | 450/3 | €145 | - | -€145 | |
| Other amounts payable | 47/48 | €7,796 | €47,229 | +€39,432 | +506% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,947 | €15,949 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,139 | €402 | -€737 | -64.7% |
| Gross operating margin | 9900 | -€7,491 | €1,035 | +€8,526 | |
| Operating profit (loss) | 9901 | -€24,577 | -€15,316 | +€9,261 | +37.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €687 | €505 | -€182 | -26.6% |
| Recurring financial charges | 65 | €687 | €505 | -€182 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,264 | -€15,820 | +€9,444 | +37.4% |
| Income taxes | 67/77 | €145 | €135 | -€10 | -7.1% |
| Profit (loss) for the period | 9904 | -€25,409 | -€15,955 | +€9,454 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,409 | -€15,955 | +€9,454 | +37.2% |
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 24 October 2026 via checked.be.