BRO'S: 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.
BRO'S
Largest movements
- Receivables after one year +€150,820
new in 2025: €150,820
- Receivables within one year -€145,231
down €145,231 (-66.4%), from €218,780 to €73,549
of which Trade receivables: -€80,399
- Tangible fixed assets -€24,905
down €24,905 (-37.7%), from €66,034 to €41,129
of which Furniture and vehicles: -€24,385
- Trade debts -€108,355
down €108,355 (-98.6%), from €109,841 to €1,486
- Advances received +€46,296
up €46,296 (+338%), from €13,710 to €60,006
- Profit (loss) carried forward +€37,288
up €37,288 (+31.1%), from €119,893 to €157,181
- Tax, wage and social debts +€16,250
up €16,250 (+566%), from €2,870 to €19,120
- Debts after one year -€14,479
down €14,479 (-59.6%), from €24,294 to €9,814
- Gross operating margin +€48,135
up €48,135 (+127%), from €37,952 to €86,086
- Taxes -€9,165
down €9,165 (-32.0%), from €28,655 to €19,490
- Depreciation -€3,354
down €3,354 (-11.4%), from €29,462 to €26,108
- Financial income -€2,160
no longer reported in 2025 (was €2,160)
- Financial charges -€1,367
down €1,367 (-47.3%), from €2,888 to €1,522
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.
Derived cash bridge
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 | €284,814 | €267,289 | -€17,525 | -6.2% |
| Fixed assets | 21/28 | €66,034 | €41,129 | -€24,905 | -37.7% |
| Tangible fixed assets | 22/27 | €66,034 | €41,129 | -€24,905 | -37.7% |
| Plant, machinery and equipment | 23 | €520 | - | -€520 | |
| Furniture and vehicles | 24 | €65,515 | €41,129 | -€24,385 | -37.2% |
| Current assets | 29/58 | €218,780 | €226,160 | +€7,380 | +3.4% |
| Amounts receivable after more than one year | 29 | - | €150,820 | +€150,820 | |
| Other amounts receivable | 291 | - | €150,820 | +€150,820 | |
| Amounts receivable within one year | 40/41 | €218,780 | €73,549 | -€145,231 | -66.4% |
| Trade receivables | 40 | €150,639 | €70,240 | -€80,399 | -53.4% |
| Other amounts receivable | 41 | €68,141 | €3,309 | -€64,832 | -95.1% |
| Cash at bank and in hand | 54/58 | - | €1,577 | +€1,577 | |
| Deferred charges and accrued income | 490/1 | - | €213 | +€213 | |
| Total equity and liabilities | 10/49 | €284,814 | €267,289 | -€17,525 | -6.2% |
| Equity | 10/15 | €119,993 | €157,281 | +€37,288 | +31.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,893 | €157,181 | +€37,288 | +31.1% |
| Amounts payable | 17/49 | €164,821 | €110,008 | -€54,813 | -33.3% |
| Amounts payable after more than one year | 17 | €24,294 | €9,814 | -€14,479 | -59.6% |
| Financial debts | 170/4 | €24,294 | €9,814 | -€14,479 | -59.6% |
| Amounts payable within one year | 42/48 | €140,528 | €100,194 | -€40,333 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €14,027 | €19,582 | +€5,555 | +39.6% |
| Financial debts | 43 | €80 | - | -€80 | |
| Credit institutions | 430/8 | €80 | - | -€80 | |
| Trade debts | 44 | €109,841 | €1,486 | -€108,355 | -98.6% |
| Suppliers | 440/4 | €109,841 | €1,486 | -€108,355 | -98.6% |
| Advances received on contracts in progress | 46 | €13,710 | €60,006 | +€46,296 | +338% |
| Taxes, remuneration and social security | 45 | €2,870 | €19,120 | +€16,250 | +566% |
| Taxes | 450/3 | €2,870 | €19,120 | +€16,250 | +566% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,462 | €26,108 | -€3,354 | -11.4% |
| Other operating charges | 640/8 | €911 | €1,679 | +€768 | +84.2% |
| Gross operating margin | 9900 | €37,952 | €86,086 | +€48,135 | +127% |
| Operating profit (loss) | 9901 | €7,578 | €58,299 | +€50,721 | +669% |
| Financial income | 75/76B | €2,160 | - | -€2,160 | |
| Recurring financial income | 75 | €2,160 | - | -€2,160 | |
| Financial charges | 65/66B | €2,888 | €1,522 | -€1,367 | -47.3% |
| Recurring financial charges | 65 | €2,888 | €1,522 | -€1,367 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €6,850 | €56,778 | +€49,928 | +729% |
| Income taxes | 67/77 | €28,655 | €19,490 | -€9,165 | -32.0% |
| Profit (loss) for the period | 9904 | -€21,806 | €37,288 | +€59,093 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,806 | €37,288 | +€59,093 |
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 19 October 2026 via checked.be.