BRO-Company: what changed
BRO-Company
Largest movements
- Receivables within one year -€112,347
down €112,347 (-64.4%), from €174,460 to €62,113
of which Trade receivables: -€116,291
- Receivables after one year +€75,000
up €75,000 (+300%), from €25,000 to €100,000
- Current investments +€43,918
up €43,918 (+17.0%), from €257,635 to €301,553
- Cash +€29,472
up €29,472 (+54.8%), from €53,750 to €83,222
mainly Receivables within one year (+€112,347) and Net result for the year (+€60,415)
- Tangible fixed assets -€14,134
down €14,134 (-5.1%), from €275,542 to €261,407
of which Furniture and vehicles: -€12,390
- Reserves +€60,415
up €60,415 (+9.6%), from €627,958 to €688,373
of which Distributable reserves: +€60,415
- Tax, wage and social debts -€23,270
down €23,270 (-57.3%), from €40,583 to €17,313
- Trade debts -€20,037
down €20,037 (-99.7%), from €20,095 to €58
- Other debts +€17,400
up €17,400 (+20.9%), from €83,276 to €100,676
- Accrued charges and deferred income -€8,773
down €8,773 (-100%), from €8,773 to €0
- Gross operating margin -€138,742
down €138,742 (-57.5%), from €241,330 to €102,588
- Taxes -€53,399
down €53,399 (-69.5%), from €76,786 to €23,388
- Financial charges -€4,694
down €4,694 (-40.4%), from €11,614 to €6,920
- Depreciation +€4,286
up €4,286 (+25.8%), from €16,599 to €20,885
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €799,234 | €824,970 | +€25,736 | +3.2% |
| Fixed assets | 21/28 | €275,542 | €261,407 | -€14,134 | -5.1% |
| Tangible fixed assets | 22/27 | €275,542 | €261,407 | -€14,134 | -5.1% |
| Land and buildings | 22 | €221,869 | €220,125 | -€1,744 | -0.8% |
| Furniture and vehicles | 24 | €53,673 | €41,283 | -€12,390 | -23.1% |
| Current assets | 29/58 | €523,692 | €563,562 | +€39,870 | +7.6% |
| Amounts receivable after more than one year | 29 | €25,000 | €100,000 | +€75,000 | +300% |
| Other amounts receivable | 291 | €25,000 | €100,000 | +€75,000 | +300% |
| Amounts receivable within one year | 40/41 | €174,460 | €62,113 | -€112,347 | -64.4% |
| Trade receivables | 40 | €172,445 | €56,154 | -€116,291 | -67.4% |
| Other amounts receivable | 41 | €2,015 | €5,960 | +€3,945 | +196% |
| Current investments | 50/53 | €257,635 | €301,553 | +€43,918 | +17.0% |
| Cash at bank and in hand | 54/58 | €53,750 | €83,222 | +€29,472 | +54.8% |
| Deferred charges and accrued income | 490/1 | €12,847 | €16,675 | +€3,828 | +29.8% |
| Total equity and liabilities | 10/49 | €799,234 | €824,970 | +€25,736 | +3.2% |
| Equity | 10/15 | €646,508 | €706,923 | +€60,415 | +9.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €627,958 | €688,373 | +€60,415 | +9.6% |
| Tax-exempt reserves | 132 | €204,185 | €204,185 | = | 0.0% |
| Distributable reserves | 133 | €423,773 | €484,188 | +€60,415 | +14.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €152,726 | €118,047 | -€34,679 | -22.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €143,953 | €118,047 | -€25,906 | -18.0% |
| Trade debts | 44 | €20,095 | €58 | -€20,037 | -99.7% |
| Suppliers | 440/4 | €20,095 | €58 | -€20,037 | -99.7% |
| Taxes, remuneration and social security | 45 | €40,583 | €17,313 | -€23,270 | -57.3% |
| Taxes | 450/3 | €40,583 | €17,313 | -€23,270 | -57.3% |
| Other amounts payable | 47/48 | €83,276 | €100,676 | +€17,400 | +20.9% |
| Accrued charges and deferred income | 492/3 | €8,773 | €0 | -€8,773 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,599 | €20,885 | +€4,286 | +25.8% |
| Other operating charges | 640/8 | €1,044 | €1,019 | -€26 | -2.4% |
| Gross operating margin | 9900 | €241,330 | €102,588 | -€138,742 | -57.5% |
| Operating profit (loss) | 9901 | €223,686 | €80,684 | -€143,002 | -63.9% |
| Financial income | 75/76B | €8,984 | €10,039 | +€1,055 | +11.7% |
| Recurring financial income | 75 | €8,984 | €10,039 | +€1,055 | +11.7% |
| Financial charges | 65/66B | €11,614 | €6,920 | -€4,694 | -40.4% |
| Recurring financial charges | 65 | €11,614 | €6,920 | -€4,694 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €221,057 | €83,803 | -€137,254 | -62.1% |
| Income taxes | 67/77 | €76,786 | €23,388 | -€53,399 | -69.5% |
| Profit (loss) for the period | 9904 | €144,271 | €60,415 | -€83,855 | -58.1% |
| Transfer to tax-exempt reserves | 689 | €77,885 | €0 | -€77,885 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €66,386 | €60,415 | -€5,970 | -9.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.