BRJ: 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.
BRJ
Largest movements
- Cash +€132,594
up €132,594 (+254.5%), from €52,096 to €184,690
mainly Net result for the year (+€103,328) and Receivables within one year (+€60,006)
- Receivables within one year -€60,006
down €60,006 (-100.0%), from €60,006 to €0
- Tangible fixed assets -€53,074
down €53,074 (-3.8%), from €1.4m to €1.3m
- Reserves +€103,328
up €103,328 (+12.8%), from €806,149 to €909,478
of which Distributable reserves: +€107,600
- Debts after one year -€90,266
down €90,266 (-17.2%), from €524,264 to €433,998
- Gross operating margin +€9,841
up €9,841 (+4.7%), from €210,303 to €220,144
- Taxes +€2,361
up €2,361 (+6.4%), from €36,880 to €39,241
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 | €1,515,308 | €1,543,806 | +€28,498 | +1.9% |
| Fixed assets | 21/28 | €1,400,914 | €1,347,840 | -€53,074 | -3.8% |
| Tangible fixed assets | 22/27 | €1,400,914 | €1,347,840 | -€53,074 | -3.8% |
| Land and buildings | 22 | €1,400,914 | €1,347,840 | -€53,074 | -3.8% |
| Current assets | 29/58 | €114,394 | €195,966 | +€81,572 | +71.3% |
| Amounts receivable within one year | 40/41 | €60,006 | €0 | -€60,006 | -100.0% |
| Other amounts receivable | 41 | €60,006 | €0 | -€60,006 | -100.0% |
| Cash at bank and in hand | 54/58 | €52,096 | €184,690 | +€132,594 | +254.5% |
| Deferred charges and accrued income | 490/1 | €2,291 | €11,276 | +€8,985 | +392.1% |
| Total equity and liabilities | 10/49 | €1,515,308 | €1,543,806 | +€28,498 | +1.9% |
| Equity | 10/15 | €881,149 | €984,478 | +€103,328 | +11.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €806,149 | €909,478 | +€103,328 | +12.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €51,082 | €46,810 | -€4,272 | -8.4% |
| Distributable reserves | 133 | €755,067 | €862,668 | +€107,600 | +14.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €17,027 | €15,603 | -€1,424 | -8.4% |
| Deferred taxes | 168 | €17,027 | €15,603 | -€1,424 | -8.4% |
| Amounts payable | 17/49 | €617,131 | €543,725 | -€73,406 | -11.9% |
| Amounts payable after more than one year | 17 | €524,264 | €433,998 | -€90,266 | -17.2% |
| Financial debts | 170/4 | €524,264 | €433,998 | -€90,266 | -17.2% |
| Amounts payable within one year | 42/48 | €90,657 | €103,963 | +€13,305 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €88,941 | €90,266 | +€1,325 | +1.5% |
| Trade debts | 44 | €0 | €9,557 | +€9,557 | |
| Suppliers | 440/4 | €0 | €9,557 | +€9,557 | |
| Taxes, remuneration and social security | 45 | €1,716 | €4,140 | +€2,423 | +141.2% |
| Taxes | 450/3 | €1,716 | €4,140 | +€2,423 | +141.2% |
| Accrued charges and deferred income | 492/3 | €2,210 | €5,764 | +€3,555 | +160.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,165 | €58,238 | +€1,073 | +1.9% |
| Other operating charges | 640/8 | €12,583 | €13,064 | +€482 | +3.8% |
| Gross operating margin | 9900 | €210,303 | €220,144 | +€9,841 | +4.7% |
| Operating profit (loss) | 9901 | €140,555 | €148,841 | +€8,286 | +5.9% |
| Financial income | 75/76B | €1,239 | €1,586 | +€347 | +28.0% |
| Recurring financial income | 75 | €1,239 | €1,586 | +€347 | +28.0% |
| Financial charges | 65/66B | €10,558 | €9,282 | -€1,276 | -12.1% |
| Recurring financial charges | 65 | €10,558 | €9,282 | -€1,276 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €131,236 | €141,145 | +€9,910 | +7.6% |
| Transfer from deferred taxes | 780 | €1,424 | €1,424 | -€0 | 0.0% |
| Income taxes | 67/77 | €36,880 | €39,241 | +€2,361 | +6.4% |
| Profit (loss) for the period | 9904 | €95,779 | €103,328 | +€7,549 | +7.9% |
| Transfer from tax-exempt reserves | 789 | €4,272 | €4,272 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,051 | €107,600 | +€7,549 | +7.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.