BRM Solution: 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.
BRM Solution
Largest movements
- Financial fixed assets -€42,000
no longer reported in 2025 (was €42,000)
- Cash +€30,087
up €30,087 (+261.1%), from €11,525 to €41,612
mainly Investment in fixed assets (net) (+€40,877) and Tax, wage and social debts (+€5,044)
- Receivables within one year +€9,697
up €9,697 (+139.6%), from €6,945 to €16,642
of which Trade receivables: +€5,830
- Tangible fixed assets +€1,017
new in 2025: €1,017
- Profit (loss) carried forward -€7,697
down €7,697 (-41.9%), from €18,378 to €10,681
- Tax, wage and social debts +€5,044
up €5,044 (+98.9%), from €5,100 to €10,144
- Trade debts +€2,920
up €2,920 (+387.3%), from €754 to €3,674
- Other debts -€1,040
down €1,040 (-3.0%), from €34,317 to €33,277
- Financial charges +€20,618
up €20,618 (+698.7%), from €2,951 to €23,569
of which Non-recurring financial charges: +€22,000
- Gross operating margin -€16,129
down €16,129 (-60.0%), from €26,884 to €10,755
- Financial income +€10,039
new in 2025: €10,039
- Taxes -€807
down €807 (-15.8%), from €5,100 to €4,293
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 | €61,549 | €60,776 | -€773 | -1.3% |
| Fixed assets | 21/28 | €42,000 | €1,017 | -€40,983 | -97.6% |
| Tangible fixed assets | 22/27 | - | €1,017 | +€1,017 | |
| Furniture and vehicles | 24 | - | €1,017 | +€1,017 | |
| Financial fixed assets | 28 | €42,000 | - | -€42,000 | |
| Current assets | 29/58 | €19,549 | €59,759 | +€40,210 | +205.7% |
| Amounts receivable within one year | 40/41 | €6,945 | €16,642 | +€9,697 | +139.6% |
| Trade receivables | 40 | €5,057 | €10,887 | +€5,830 | +115.3% |
| Other amounts receivable | 41 | €1,888 | €5,755 | +€3,867 | +204.8% |
| Cash at bank and in hand | 54/58 | €11,525 | €41,612 | +€30,087 | +261.1% |
| Deferred charges and accrued income | 490/1 | €1,079 | €1,505 | +€426 | +39.5% |
| Total equity and liabilities | 10/49 | €61,549 | €60,776 | -€773 | -1.3% |
| Equity | 10/15 | €21,378 | €13,681 | -€7,697 | -36.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,378 | €10,681 | -€7,697 | -41.9% |
| Amounts payable | 17/49 | €40,171 | €47,095 | +€6,924 | +17.2% |
| Amounts payable within one year | 42/48 | €40,171 | €47,095 | +€6,924 | +17.2% |
| Trade debts | 44 | €754 | €3,674 | +€2,920 | +387.3% |
| Suppliers | 440/4 | €754 | €3,674 | +€2,920 | +387.3% |
| Taxes, remuneration and social security | 45 | €5,100 | €10,144 | +€5,044 | +98.9% |
| Taxes | 450/3 | €5,100 | €10,144 | +€5,044 | +98.9% |
| Other amounts payable | 47/48 | €34,317 | €33,277 | -€1,040 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €106 | +€106 | |
| Other operating charges | 640/8 | €455 | €470 | +€15 | +3.3% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €26,884 | €10,755 | -€16,129 | -60.0% |
| Operating profit (loss) | 9901 | €26,429 | €10,126 | -€16,303 | -61.7% |
| Financial income | 75/76B | - | €10,039 | +€10,039 | |
| Recurring financial income | 75 | - | €10,039 | +€10,039 | |
| Financial charges | 65/66B | €2,951 | €23,569 | +€20,618 | +698.7% |
| Recurring financial charges | 65 | €2,951 | €1,569 | -€1,382 | -46.8% |
| Non-recurring financial charges | 66B | - | €22,000 | +€22,000 | |
| Profit (loss) for the period before taxes | 9903 | €23,478 | -€3,404 | -€26,882 | |
| Income taxes | 67/77 | €5,100 | €4,293 | -€807 | -15.8% |
| Profit (loss) for the period | 9904 | €18,378 | -€7,697 | -€26,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,378 | -€7,697 | -€26,075 |
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 29 September 2026 via checked.be.