BRo PROJECTS: 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.
BRo PROJECTS
Largest movements
- Current investments +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Cash -€42,011
down €42,011 (-50.8%), from €82,659 to €40,648
mainly Contributions, distributions and other (-€77,760) and Current investments (-€50,000)
- Receivables within one year +€7,442
up €7,442 (+51.2%), from €14,550 to €21,992
of which Other amounts receivable: +€5,107
- Other debts +€7,260
up €7,260 (+10.3%), from €70,500 to €77,760
- Tax, wage and social debts +€5,752
up €5,752 (+62.9%), from €9,147 to €14,900
- Taxes +€5,918
up €5,918 (+28.3%), from €20,886 to €26,804
- Gross operating margin +€4,881
up €4,881 (+4.8%), from €102,540 to €107,421
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 | €288,519 | €303,044 | +€14,525 | +5.0% |
| Fixed assets | 21/28 | €23,520 | €22,831 | -€689 | -2.9% |
| Tangible fixed assets | 22/27 | €8,520 | €7,831 | -€689 | -8.1% |
| Plant, machinery and equipment | 23 | €7,365 | €6,019 | -€1,347 | -18.3% |
| Furniture and vehicles | 24 | €1,155 | €1,812 | +€658 | +56.9% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €264,999 | €280,212 | +€15,214 | +5.7% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Trade receivables | 290 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,550 | €21,992 | +€7,442 | +51.2% |
| Trade receivables | 40 | €14,234 | €16,570 | +€2,335 | +16.4% |
| Other amounts receivable | 41 | €315 | €5,422 | +€5,107 | +1620.5% |
| Current investments | 50/53 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €82,659 | €40,648 | -€42,011 | -50.8% |
| Deferred charges and accrued income | 490/1 | €2,790 | €2,572 | -€218 | -7.8% |
| Total equity and liabilities | 10/49 | €288,519 | €303,044 | +€14,525 | +5.0% |
| Equity | 10/15 | €192,037 | €192,037 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €189,537 | €189,537 | = | 0.0% |
| Distributable reserves | 133 | €189,537 | €189,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,482 | €111,006 | +€14,525 | +15.1% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,482 | €96,006 | +€14,525 | +17.8% |
| Financial debts | 43 | €14 | €595 | +€581 | +4153.0% |
| Credit institutions | 430/8 | €14 | €595 | +€581 | +4153.0% |
| Trade debts | 44 | €1,820 | €2,752 | +€931 | +51.2% |
| Suppliers | 440/4 | €1,820 | €2,752 | +€931 | +51.2% |
| Taxes, remuneration and social security | 45 | €9,147 | €14,900 | +€5,752 | +62.9% |
| Taxes | 450/3 | €9,147 | €14,900 | +€5,752 | +62.9% |
| Other amounts payable | 47/48 | €70,500 | €77,760 | +€7,260 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,165 | €2,381 | +€216 | +10.0% |
| Other operating charges | 640/8 | €831 | €610 | -€222 | -26.7% |
| Gross operating margin | 9900 | €102,540 | €107,421 | +€4,881 | +4.8% |
| Operating profit (loss) | 9901 | €99,543 | €104,430 | +€4,887 | +4.9% |
| Financial income | 75/76B | €2,202 | €2,035 | -€168 | -7.6% |
| Recurring financial income | 75 | €2,202 | €2,035 | -€168 | -7.6% |
| Financial charges | 65/66B | €2,002 | €1,901 | -€101 | -5.1% |
| Recurring financial charges | 65 | €2,002 | €1,901 | -€101 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €99,743 | €104,564 | +€4,821 | +4.8% |
| Income taxes | 67/77 | €20,886 | €26,804 | +€5,918 | +28.3% |
| Profit (loss) for the period | 9904 | €78,857 | €77,760 | -€1,097 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,857 | €77,760 | -€1,097 | -1.4% |
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 7 October 2026 via checked.be.