BRITON: 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.
BRITON
Largest movements
- Intangible fixed assets -€232,131
down €232,131 (-60.4%), from €384,128 to €151,998
- Receivables within one year +€228,438
up €228,438 (+324.1%), from €70,484 to €298,921
of which Other amounts receivable: +€209,217
- Current investments -€94,007
down €94,007 (-13.7%), from €687,055 to €593,048
- Tangible fixed assets +€51,948
up €51,948 (+25.5%), from €203,632 to €255,580
of which Furniture and vehicles: +€53,982
- Cash +€48,591
up €48,591 (+74.0%), from €65,666 to €114,257
mainly Depreciation (+€243,849) and Current investments (+€94,007)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€102,325
down €102,325 (-45.5%), from €224,887 to €122,562
- Turnover -€68,886
down €68,886 (-11.5%), from €601,086 to €532,200
- Services and other goods +€26,679
up €26,679 (+14.8%), from €180,422 to €207,102
- Taxes -€21,079
down €21,079 (-28.1%), from €75,131 to €54,052
- Depreciation +€9,105
up €9,105 (+3.9%), from €234,744 to €243,849
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 | €3,946,741 | €3,953,177 | +€6,436 | +0.2% |
| Fixed assets | 21/28 | €3,120,061 | €2,939,879 | -€180,182 | -5.8% |
| Intangible fixed assets | 21 | €384,128 | €151,998 | -€232,131 | -60.4% |
| Tangible fixed assets | 22/27 | €203,632 | €255,580 | +€51,948 | +25.5% |
| Land and buildings | 22 | €201,906 | €199,872 | -€2,033 | -1.0% |
| Furniture and vehicles | 24 | €1,726 | €55,707 | +€53,982 | +3127.7% |
| Financial fixed assets | 28 | €2,532,301 | €2,532,301 | = | 0.0% |
| Affiliated companies | 280/1 | €2,532,301 | €2,532,301 | = | 0.0% |
| Participating interests | 280 | €2,532,301 | €2,532,301 | = | 0.0% |
| Current assets | 29/58 | €826,680 | €1,013,298 | +€186,619 | +22.6% |
| Amounts receivable within one year | 40/41 | €70,484 | €298,921 | +€228,438 | +324.1% |
| Trade receivables | 40 | €63,811 | €83,032 | +€19,221 | +30.1% |
| Other amounts receivable | 41 | €6,673 | €215,890 | +€209,217 | +3135.2% |
| Current investments | 50/53 | €687,055 | €593,048 | -€94,007 | -13.7% |
| Other investments | 51/53 | €687,055 | €593,048 | -€94,007 | -13.7% |
| Cash at bank and in hand | 54/58 | €65,666 | €114,257 | +€48,591 | +74.0% |
| Deferred charges and accrued income | 490/1 | €3,474 | €7,071 | +€3,598 | +103.6% |
| Total equity and liabilities | 10/49 | €3,946,741 | €3,953,177 | +€6,436 | +0.2% |
| Equity | 10/15 | €3,868,661 | €3,900,207 | +€31,547 | +0.8% |
| Contributions | 10/11 | €2,221,523 | €2,221,523 | = | 0.0% |
| Reserves | 13 | €2,816 | €2,816 | = | 0.0% |
| Distributable reserves | 133 | €2,816 | €2,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,644,321 | €1,675,868 | +€31,547 | +1.9% |
| Amounts payable | 17/49 | €78,080 | €52,970 | -€25,110 | -32.2% |
| Amounts payable within one year | 42/48 | €78,080 | €52,970 | -€25,110 | -32.2% |
| Trade debts | 44 | €653 | €1,767 | +€1,114 | +170.5% |
| Suppliers | 440/4 | €653 | €1,767 | +€1,114 | +170.5% |
| Taxes, remuneration and social security | 45 | €77,427 | €51,203 | -€26,224 | -33.9% |
| Taxes | 450/3 | €59,242 | €34,183 | -€25,059 | -42.3% |
| Remuneration and social security | 454/9 | €18,185 | €17,020 | -€1,165 | -6.4% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €631,055 | €576,743 | -€54,312 | -8.6% |
| Turnover | 70 | €601,086 | €532,200 | -€68,886 | -11.5% |
| Other operating income | 74 | €29,969 | €30,968 | +€1,000 | +3.3% |
| Non-recurring operating income | 76A | - | €13,575 | +€13,575 | |
| Operating charges | 60/66A | €579,703 | €613,136 | +€33,432 | +5.8% |
| Services and other goods | 61 | €180,422 | €207,102 | +€26,679 | +14.8% |
| Remuneration, social security and pensions | 62 | €160,567 | €156,880 | -€3,687 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234,744 | €243,849 | +€9,105 | +3.9% |
| Other operating charges | 640/8 | €3,513 | €5,305 | +€1,792 | +51.0% |
| Non-recurring operating charges | 66A | €458 | - | -€458 | |
| Operating profit (loss) | 9901 | €51,351 | -€36,393 | -€87,744 | |
| Financial income | 75/76B | €224,887 | €122,562 | -€102,325 | -45.5% |
| Recurring financial income | 75 | €224,887 | €122,562 | -€102,325 | -45.5% |
| Income from financial fixed assets | 750 | €218,023 | €116,800 | -€101,223 | -46.4% |
| Income from current assets | 751 | €6,864 | €5,487 | -€1,377 | -20.1% |
| Other financial income | 752/9 | €0 | €275 | +€275 | |
| Financial charges | 65/66B | €1,380 | €571 | -€809 | -58.7% |
| Recurring financial charges | 65 | €1,380 | €571 | -€809 | -58.7% |
| Debt charges | 650 | €113 | €55 | -€58 | -51.5% |
| Other financial charges | 652/9 | €1,267 | €516 | -€751 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | €274,858 | €85,599 | -€189,259 | -68.9% |
| Income taxes | 67/77 | €75,131 | €54,052 | -€21,079 | -28.1% |
| Taxes | 670/3 | €75,131 | €54,052 | -€21,079 | -28.1% |
| Profit (loss) for the period | 9904 | €199,727 | €31,547 | -€168,180 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €199,727 | €31,547 | -€168,180 | -84.2% |
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 1 October 2026 via checked.be.