BRISTOL: 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.
BRISTOL
Largest movements
- Receivables after one year +€34,828
up €34,828 (+28.5%), from €122,284 to €157,112
- Cash +€24,974
up €24,974 (+30.0%), from €83,317 to €108,291
mainly Net result for the year (+€35,678) and Other debts (+€16,417)
- Reserves +€35,678
up €35,678 (+6.5%), from €552,167 to €587,845
of which Distributable reserves: +€35,678
- Other debts +€16,417
up €16,417 (+3.5%), from €469,200 to €485,616
- Gross operating margin +€10,297
up €10,297 (+17.7%), from €58,298 to €68,595
- Taxes +€4,090
up €4,090 (+25.3%), from €16,145 to €20,235
- Financial income +€2,227
up €2,227 (+77.2%), from €2,883 to €5,110
- Other operating charges -€1,360
down €1,360 (-20.8%), from €6,553 to €5,193
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,196,243 | €1,250,695 | +€54,452 | +4.6% |
| Fixed assets | 21/28 | €968,028 | €963,428 | -€4,600 | -0.5% |
| Tangible fixed assets | 22/27 | €92,690 | €88,090 | -€4,600 | -5.0% |
| Land and buildings | 22 | €84,981 | €80,813 | -€4,168 | -4.9% |
| Furniture and vehicles | 24 | €509 | €77 | -€432 | -84.9% |
| Other tangible fixed assets | 26 | €7,200 | €7,200 | = | 0.0% |
| Financial fixed assets | 28 | €875,338 | €875,338 | = | 0.0% |
| Current assets | 29/58 | €228,215 | €287,267 | +€59,052 | +25.9% |
| Amounts receivable after more than one year | 29 | €122,284 | €157,112 | +€34,828 | +28.5% |
| Trade receivables | 290 | €122,284 | €157,112 | +€34,828 | +28.5% |
| Amounts receivable within one year | 40/41 | €22,324 | €19,459 | -€2,864 | -12.8% |
| Trade receivables | 40 | €22,324 | €19,459 | -€2,864 | -12.8% |
| Cash at bank and in hand | 54/58 | €83,317 | €108,291 | +€24,974 | +30.0% |
| Deferred charges and accrued income | 490/1 | €291 | €2,405 | +€2,114 | +727.5% |
| Total equity and liabilities | 10/49 | €1,196,243 | €1,250,695 | +€54,452 | +4.6% |
| Equity | 10/15 | €646,292 | €681,970 | +€35,678 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €552,167 | €587,845 | +€35,678 | +6.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €531,557 | €567,235 | +€35,678 | +6.7% |
| Profit (loss) carried forward | 14 | €75,525 | €75,525 | = | 0.0% |
| Amounts payable | 17/49 | €549,951 | €568,725 | +€18,774 | +3.4% |
| Amounts payable after more than one year | 17 | €37,226 | €27,781 | -€9,446 | -25.4% |
| Financial debts | 170/4 | €37,226 | €27,781 | -€9,446 | -25.4% |
| Amounts payable within one year | 42/48 | €512,632 | €540,944 | +€28,312 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €9,115 | €9,446 | +€331 | +3.6% |
| Trade debts | 44 | €7,790 | €8,914 | +€1,124 | +14.4% |
| Suppliers | 440/4 | €7,790 | €8,914 | +€1,124 | +14.4% |
| Taxes, remuneration and social security | 45 | €26,527 | €36,969 | +€10,441 | +39.4% |
| Taxes | 450/3 | €26,127 | €36,569 | +€10,441 | +40.0% |
| Remuneration and social security | 454/9 | €400 | €400 | = | 0.0% |
| Other amounts payable | 47/48 | €469,200 | €485,616 | +€16,417 | +3.5% |
| Accrued charges and deferred income | 492/3 | €93 | - | -€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,520 | €9,032 | -€488 | -5.1% |
| Other operating charges | 640/8 | €6,553 | €5,193 | -€1,360 | -20.8% |
| Gross operating margin | 9900 | €58,298 | €68,595 | +€10,297 | +17.7% |
| Operating profit (loss) | 9901 | €42,225 | €54,371 | +€12,145 | +28.8% |
| Financial income | 75/76B | €2,883 | €5,110 | +€2,227 | +77.2% |
| Recurring financial income | 75 | €2,883 | €5,110 | +€2,227 | +77.2% |
| Financial charges | 65/66B | €3,902 | €3,567 | -€335 | -8.6% |
| Recurring financial charges | 65 | €3,902 | €3,567 | -€335 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €41,207 | €55,913 | +€14,707 | +35.7% |
| Income taxes | 67/77 | €16,145 | €20,235 | +€4,090 | +25.3% |
| Profit (loss) for the period | 9904 | €25,061 | €35,678 | +€10,617 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,061 | €35,678 | +€10,617 | +42.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.