BRMC: 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.
BRMC
Largest movements
- Receivables within one year +€74,225
up €74,225 (+270.2%), from €27,475 to €101,700
of which Other amounts receivable: +€68,803
- Cash -€55,482
down €55,482 (-76.7%), from €72,331 to €16,849
mainly Contributions, distributions and other (-€77,190) and Receivables within one year (-€74,225)
- Tangible fixed assets -€3,992
down €3,992 (-15.6%), from €25,628 to €21,636
of which Leasing and similar rights: -€25,398
- Tax, wage and social debts +€15,809
up €15,809 (+166.2%), from €9,513 to €25,322
of which Taxes: +€11,425
- Accrued charges and deferred income +€3,500
new in 2025: €3,500
- Current portion of long-term debt -€3,247
down €3,247 (-100.0%), from €3,247 to €0
- Other debts +€2,790
up €2,790 (+3.8%), from €74,400 to €77,190
- Reserves -€2,602
down €2,602 (-13.9%), from €18,688 to €16,086
of which Distributable reserves: -€2,602
- Staff costs +€35,971
up €35,971 (+150.5%), from €23,902 to €59,873
- Gross operating margin +€34,769
up €34,769 (+24.7%), from €140,552 to €175,321
- Other operating charges -€2,278
down €2,278 (-72.6%), from €3,137 to €859
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 | €126,590 | €141,286 | +€14,696 | +11.6% |
| Fixed assets | 21/28 | €25,628 | €21,636 | -€3,992 | -15.6% |
| Tangible fixed assets | 22/27 | €25,628 | €21,636 | -€3,992 | -15.6% |
| Furniture and vehicles | 24 | €230 | €21,636 | +€21,406 | +9297.2% |
| Leasing and similar rights | 25 | €25,398 | €0 | -€25,398 | -100.0% |
| Current assets | 29/58 | €100,962 | €119,650 | +€18,688 | +18.5% |
| Amounts receivable within one year | 40/41 | €27,475 | €101,700 | +€74,225 | +270.2% |
| Trade receivables | 40 | €16,022 | €21,443 | +€5,422 | +33.8% |
| Other amounts receivable | 41 | €11,453 | €80,256 | +€68,803 | +600.7% |
| Cash at bank and in hand | 54/58 | €72,331 | €16,849 | -€55,482 | -76.7% |
| Deferred charges and accrued income | 490/1 | €1,156 | €1,101 | -€55 | -4.7% |
| Total equity and liabilities | 10/49 | €126,590 | €141,286 | +€14,696 | +11.6% |
| Equity | 10/15 | €37,288 | €34,686 | -€2,602 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,688 | €16,086 | -€2,602 | -13.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €12,948 | €12,948 | = | 0.0% |
| Distributable reserves | 133 | €5,740 | €3,138 | -€2,602 | -45.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,302 | €106,600 | +€17,298 | +19.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €89,302 | €103,100 | +€13,798 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €3,247 | €0 | -€3,247 | -100.0% |
| Trade debts | 44 | €2,142 | €587 | -€1,555 | -72.6% |
| Suppliers | 440/4 | €2,142 | €587 | -€1,555 | -72.6% |
| Taxes, remuneration and social security | 45 | €9,513 | €25,322 | +€15,809 | +166.2% |
| Taxes | 450/3 | €6,583 | €18,008 | +€11,425 | +173.6% |
| Remuneration and social security | 454/9 | €2,930 | €7,315 | +€4,384 | +149.6% |
| Other amounts payable | 47/48 | €74,400 | €77,190 | +€2,790 | +3.8% |
| Accrued charges and deferred income | 492/3 | - | €3,500 | +€3,500 | |
| Remuneration, social security and pensions | 62 | €23,902 | €59,873 | +€35,971 | +150.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,942 | €13,635 | +€1,693 | +14.2% |
| Other operating charges | 640/8 | €3,137 | €859 | -€2,278 | -72.6% |
| Gross operating margin | 9900 | €140,552 | €175,321 | +€34,769 | +24.7% |
| Operating profit (loss) | 9901 | €101,571 | €100,954 | -€617 | -0.6% |
| Financial income | 75/76B | €1,236 | €926 | -€310 | -25.1% |
| Recurring financial income | 75 | €1,236 | €926 | -€310 | -25.1% |
| Financial charges | 65/66B | €296 | €234 | -€62 | -21.1% |
| Recurring financial charges | 65 | €296 | €234 | -€62 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €102,511 | €101,647 | -€865 | -0.8% |
| Income taxes | 67/77 | €27,229 | €27,059 | -€171 | -0.6% |
| Profit (loss) for the period | 9904 | €75,282 | €74,588 | -€694 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,282 | €74,588 | -€694 | -0.9% |
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 5 October 2026 via checked.be.