BRN: 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.
BRN
Largest movements
- Tangible fixed assets -€9,114
down €9,114 (-3.1%), from €294,206 to €285,092
of which Land and buildings: -€8,591
- Cash +€5,399
up €5,399 (+276.6%), from €1,952 to €7,351
mainly Depreciation (+€13,145) and Tax, wage and social debts (+€3,300)
- Trade debts -€6,811
down €6,811 (-98.1%), from €6,940 to €129
- Tax, wage and social debts +€3,300
up €3,300 (+105.6%), from €3,124 to €6,424
- Gross operating margin +€11,508
up €11,508 (+171.8%), from €6,699 to €18,207
- Other operating charges -€3,825
down €3,825 (-68.7%), from €5,563 to €1,739
- Depreciation -€435
down €435 (-3.2%), from €13,580 to €13,145
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 | €320,089 | €315,771 | -€4,318 | -1.3% |
| Fixed assets | 21/28 | €294,206 | €285,092 | -€9,114 | -3.1% |
| Tangible fixed assets | 22/27 | €294,206 | €285,092 | -€9,114 | -3.1% |
| Land and buildings | 22 | €276,778 | €268,187 | -€8,591 | -3.1% |
| Plant, machinery and equipment | 23 | €17,428 | €16,905 | -€523 | -3.0% |
| Current assets | 29/58 | €25,883 | €30,680 | +€4,797 | +18.5% |
| Stocks and contracts in progress | 3 | €18,382 | €17,547 | -€835 | -4.5% |
| Stocks | 30/36 | €18,382 | €17,547 | -€835 | -4.5% |
| Amounts receivable within one year | 40/41 | €5,549 | €5,782 | +€232 | +4.2% |
| Trade receivables | 40 | €1,019 | €169 | -€849 | -83.4% |
| Other amounts receivable | 41 | €4,531 | €5,612 | +€1,082 | +23.9% |
| Cash at bank and in hand | 54/58 | €1,952 | €7,351 | +€5,399 | +276.6% |
| Total equity and liabilities | 10/49 | €320,089 | €315,771 | -€4,318 | -1.3% |
| Equity | 10/15 | €95,492 | €98,465 | +€2,974 | +3.1% |
| Contributions | 10/11 | €225,583 | €225,583 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Contributions outside capital | 11 | €2,479 | €2,479 | = | 0.0% |
| Share premium | 1100/10 | €2,479 | €2,479 | = | 0.0% |
| Reserves | 13 | €341,383 | €341,383 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,500 | €8,500 | = | 0.0% |
| Legal reserve | 130 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €332,883 | €332,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€471,474 | -€468,500 | +€2,974 | +0.6% |
| Amounts payable | 17/49 | €224,597 | €217,306 | -€7,291 | -3.2% |
| Amounts payable after more than one year | 17 | €211,993 | €208,960 | -€3,033 | -1.4% |
| Financial debts | 170/4 | €211,993 | €208,960 | -€3,033 | -1.4% |
| Amounts payable within one year | 42/48 | €12,604 | €8,346 | -€4,258 | -33.8% |
| Trade debts | 44 | €6,940 | €129 | -€6,811 | -98.1% |
| Suppliers | 440/4 | €6,940 | €129 | -€6,811 | -98.1% |
| Taxes, remuneration and social security | 45 | €3,124 | €6,424 | +€3,300 | +105.6% |
| Taxes | 450/3 | €3,124 | €6,424 | +€3,300 | +105.6% |
| Other amounts payable | 47/48 | €2,540 | €1,793 | -€748 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,580 | €13,145 | -€435 | -3.2% |
| Other operating charges | 640/8 | €5,563 | €1,739 | -€3,825 | -68.7% |
| Non-recurring operating charges | 66A | €882 | - | -€882 | |
| Gross operating margin | 9900 | €6,699 | €18,207 | +€11,508 | +171.8% |
| Operating profit (loss) | 9901 | -€13,326 | €3,323 | +€16,649 | |
| Financial charges | 65/66B | €410 | €350 | -€60 | -14.7% |
| Recurring financial charges | 65 | €410 | €350 | -€60 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,736 | €2,974 | +€16,709 | |
| Profit (loss) for the period | 9904 | -€13,736 | €2,974 | +€16,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,736 | €2,974 | +€16,709 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.