Brits Advisory: 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.
Brits Advisory
Largest movements
- Cash -€55,068
down €55,068 (-69.1%), from €79,727 to €24,659
mainly Contributions, distributions and other (-€40,000) and Investment in fixed assets (net) (-€29,265)
- Tangible fixed assets +€22,741
up €22,741 (+36.2%), from €62,736 to €85,477
of which Land and buildings: +€23,301
- Debts after one year -€16,821
down €16,821 (-56.3%), from €29,879 to €13,059
- Reserves -€8,781
down €8,781 (-9.2%), from €95,074 to €86,293
- Accrued charges and deferred income -€6,368
down €6,368 (-100%), from €6,368 to €0
- Tax, wage and social debts -€5,139
down €5,139 (-56.7%), from €9,056 to €3,917
of which Taxes: -€5,196
- Other debts +€3,162
up €3,162 (+263%), from €1,203 to €4,365
- Gross operating margin +€5,073
up €5,073 (+11.2%), from €45,099 to €50,173
- Depreciation +€3,993
up €3,993 (+158%), from €2,531 to €6,524
- Taxes +€800
up €800 (+9.4%), from €8,541 to €9,341
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.
Derived cash bridge
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 | €163,577 | €131,019 | -€32,558 | -19.9% |
| Fixed assets | 21/28 | €62,736 | €85,477 | +€22,741 | +36.2% |
| Tangible fixed assets | 22/27 | €62,736 | €85,477 | +€22,741 | +36.2% |
| Land and buildings | 22 | €54,738 | €78,038 | +€23,301 | +42.6% |
| Plant, machinery and equipment | 23 | €3,569 | €2,149 | -€1,420 | -39.8% |
| Furniture and vehicles | 24 | €2,478 | €3,583 | +€1,105 | +44.6% |
| Other tangible fixed assets | 26 | €1,951 | €1,706 | -€245 | -12.6% |
| Current assets | 29/58 | €100,841 | €45,542 | -€55,299 | -54.8% |
| Amounts receivable within one year | 40/41 | €18,883 | €18,960 | +€76 | +0.4% |
| Trade receivables | 40 | €15,796 | €18,900 | +€3,104 | +19.7% |
| Other amounts receivable | 41 | €3,087 | €60 | -€3,028 | -98.1% |
| Cash at bank and in hand | 54/58 | €79,727 | €24,659 | -€55,068 | -69.1% |
| Deferred charges and accrued income | 490/1 | €2,231 | €1,924 | -€307 | -13.8% |
| Total equity and liabilities | 10/49 | €163,577 | €131,019 | -€32,558 | -19.9% |
| Equity | 10/15 | €99,074 | €90,293 | -€8,781 | -8.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €95,074 | €86,293 | -€8,781 | -9.2% |
| Distributable reserves | 133 | €95,074 | €86,293 | -€8,781 | -9.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €64,503 | €40,726 | -€23,777 | -36.9% |
| Amounts payable after more than one year | 17 | €29,879 | €13,059 | -€16,821 | -56.3% |
| Financial debts | 170/4 | €29,879 | €13,059 | -€16,821 | -56.3% |
| Amounts payable within one year | 42/48 | €28,255 | €27,668 | -€588 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €16,170 | €16,821 | +€651 | +4.0% |
| Financial debts | 43 | - | €134 | +€134 | |
| Credit institutions | 430/8 | - | €134 | +€134 | |
| Trade debts | 44 | €1,827 | €2,431 | +€604 | +33.1% |
| Suppliers | 440/4 | €1,827 | €2,431 | +€604 | +33.1% |
| Taxes, remuneration and social security | 45 | €9,056 | €3,917 | -€5,139 | -56.7% |
| Taxes | 450/3 | €9,056 | €3,860 | -€5,196 | -57.4% |
| Remuneration and social security | 454/9 | - | €57 | +€57 | |
| Other amounts payable | 47/48 | €1,203 | €4,365 | +€3,162 | +263% |
| Accrued charges and deferred income | 492/3 | €6,368 | €0 | -€6,368 | -100% |
| Non-recurring operating income | 76A | - | €2,972 | +€2,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,531 | €6,524 | +€3,993 | +158% |
| Other operating charges | 640/8 | €379 | €714 | +€335 | +88.4% |
| Gross operating margin | 9900 | €45,099 | €50,173 | +€5,073 | +11.2% |
| Operating profit (loss) | 9901 | €42,189 | €42,934 | +€745 | +1.8% |
| Financial income | 75/76B | €21 | €0 | -€21 | -100% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -100% |
| Financial charges | 65/66B | €1,933 | €2,374 | +€441 | +22.8% |
| Recurring financial charges | 65 | €1,933 | €2,374 | +€441 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €40,277 | €40,560 | +€283 | +0.7% |
| Income taxes | 67/77 | €8,541 | €9,341 | +€800 | +9.4% |
| Profit (loss) for the period | 9904 | €31,736 | €31,219 | -€517 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,736 | €31,219 | -€517 | -1.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.