BRIWOGRE: 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.
BRIWOGRE
Largest movements
- Cash +€80,125
up €80,125 (+38.8%), from €206,606 to €286,732
mainly Net result for the year (+€71,523) and Other debts (+€34,514)
- Tangible fixed assets -€31,647
down €31,647 (-14.7%), from €214,699 to €183,052
- Reserves +€37,847
up €37,847 (+23.1%), from €163,561 to €201,409
of which Distributable reserves: +€37,847
- Other debts +€34,514
up €34,514 (+2961.1%), from €1,166 to €35,680
- Debts after one year -€18,408
down €18,408 (-24.4%), from €75,327 to €56,919
- Staff costs -€15,317
down €15,317 (-22.8%), from €67,263 to €51,945
- Taxes +€6,798
up €6,798 (+28.7%), from €23,668 to €30,466
- Gross operating margin +€5,768
up €5,768 (+3.2%), from €181,451 to €187,219
- Financial income +€2,476
up €2,476 (+104.1%), from €2,378 to €4,854
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 | €422,794 | €474,081 | +€51,287 | +12.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €214,699 | €183,052 | -€31,647 | -14.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €214,699 | €183,052 | -€31,647 | -14.7% |
| Land and buildings | 22 | €163,492 | €149,483 | -€14,009 | -8.6% |
| Plant, machinery and equipment | 23 | €6,527 | €1,949 | -€4,578 | -70.1% |
| Furniture and vehicles | 24 | €41,146 | €28,214 | -€12,932 | -31.4% |
| Other tangible fixed assets | 26 | €3,534 | €3,406 | -€128 | -3.6% |
| Current assets | 29/58 | €208,095 | €291,029 | +€82,934 | +39.9% |
| Amounts receivable within one year | 40/41 | €1,489 | €4,297 | +€2,808 | +188.6% |
| Trade receivables | 40 | - | €394 | +€394 | |
| Other amounts receivable | 41 | €1,489 | €3,903 | +€2,414 | +162.2% |
| Cash at bank and in hand | 54/58 | €206,606 | €286,732 | +€80,125 | +38.8% |
| Total equity and liabilities | 10/49 | €422,794 | €474,081 | +€51,287 | +12.1% |
| Equity | 10/15 | €314,124 | €351,971 | +€37,847 | +12.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €163,561 | €201,409 | +€37,847 | +23.1% |
| Tax-exempt reserves | 132 | €3,900 | €3,900 | = | 0.0% |
| Distributable reserves | 133 | €159,661 | €197,509 | +€37,847 | +23.7% |
| Profit (loss) carried forward | 14 | €144,365 | €144,365 | = | 0.0% |
| Amounts payable | 17/49 | €108,670 | €122,109 | +€13,439 | +12.4% |
| Amounts payable after more than one year | 17 | €75,327 | €56,919 | -€18,408 | -24.4% |
| Financial debts | 170/4 | €75,327 | €56,919 | -€18,408 | -24.4% |
| Amounts payable within one year | 42/48 | €33,343 | €65,191 | +€31,847 | +95.5% |
| Current portion of amounts payable after more than one year | 42 | €18,127 | €18,408 | +€280 | +1.5% |
| Trade debts | 44 | €2,673 | €2,139 | -€534 | -20.0% |
| Suppliers | 440/4 | €2,673 | €2,139 | -€534 | -20.0% |
| Taxes, remuneration and social security | 45 | €11,377 | €8,964 | -€2,414 | -21.2% |
| Taxes | 450/3 | €2,227 | €8,964 | +€6,737 | +302.6% |
| Remuneration and social security | 454/9 | €9,151 | - | -€9,151 | |
| Other amounts payable | 47/48 | €1,166 | €35,680 | +€34,514 | +2961.1% |
| Remuneration, social security and pensions | 62 | €67,263 | €51,945 | -€15,317 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,547 | €32,847 | +€300 | +0.9% |
| Other operating charges | 640/8 | €2,722 | €3,513 | +€791 | +29.0% |
| Gross operating margin | 9900 | €181,451 | €187,219 | +€5,768 | +3.2% |
| Operating profit (loss) | 9901 | €78,918 | €98,913 | +€19,995 | +25.3% |
| Financial income | 75/76B | €2,378 | €4,854 | +€2,476 | +104.1% |
| Recurring financial income | 75 | €2,378 | €4,854 | +€2,476 | +104.1% |
| Financial charges | 65/66B | €2,100 | €1,778 | -€321 | -15.3% |
| Recurring financial charges | 65 | €2,100 | €1,778 | -€321 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €79,197 | €101,989 | +€22,792 | +28.8% |
| Income taxes | 67/77 | €23,668 | €30,466 | +€6,798 | +28.7% |
| Profit (loss) for the period | 9904 | €55,529 | €71,523 | +€15,994 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,529 | €71,523 | +€15,994 | +28.8% |
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 3 October 2026 via checked.be.