BROES: 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.
BROES
Largest movements
- Cash +€45,829
up €45,829 (+200.1%), from €22,898 to €68,727
mainly Net result for the year (+€35,209) and Depreciation (+€19,266)
- Tangible fixed assets -€9,828
down €9,828 (-18.5%), from €53,000 to €43,171
of which Furniture and vehicles: -€19,090
- Reserves +€35,209
up €35,209 (+14.9%), from €235,711 to €270,920
of which Distributable reserves: +€35,209
- Accrued charges and deferred income -€4,523
down €4,523 (-37.6%), from €12,030 to €7,507
- Gross operating margin -€27,247
down €27,247 (-25.6%), from €106,578 to €79,331
- Depreciation -€9,637
down €9,637 (-33.3%), from €28,903 to €19,266
- Financial charges -€8,064
down €8,064 (-51.7%), from €15,607 to €7,543
- Taxes -€2,855
down €2,855 (-14.0%), from €20,400 to €17,544
- Other operating charges -€2,371
down €2,371 (-73.3%), from €3,233 to €862
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 | €380,459 | €417,824 | +€37,364 | +9.8% |
| Fixed assets | 21/28 | €331,160 | €321,332 | -€9,828 | -3.0% |
| Tangible fixed assets | 22/27 | €53,000 | €43,171 | -€9,828 | -18.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €53,000 | €33,909 | -€19,090 | -36.0% |
| Other tangible fixed assets | 26 | - | €9,262 | +€9,262 | |
| Financial fixed assets | 28 | €278,161 | €278,161 | = | 0.0% |
| Current assets | 29/58 | €49,299 | €96,492 | +€47,192 | +95.7% |
| Amounts receivable within one year | 40/41 | €14,125 | €15,488 | +€1,363 | +9.6% |
| Trade receivables | 40 | €12,500 | €15,488 | +€2,988 | +23.9% |
| Other amounts receivable | 41 | €1,625 | €0 | -€1,625 | -100.0% |
| Current investments | 50/53 | €12,276 | €12,276 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,898 | €68,727 | +€45,829 | +200.1% |
| Total equity and liabilities | 10/49 | €380,459 | €417,824 | +€37,364 | +9.8% |
| Equity | 10/15 | €255,711 | €290,920 | +€35,209 | +13.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €235,711 | €270,920 | +€35,209 | +14.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €235,711 | €270,920 | +€35,209 | +14.9% |
| Amounts payable | 17/49 | €124,749 | €126,904 | +€2,155 | +1.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €112,719 | €119,397 | +€6,677 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,146 | €4,992 | +€847 | +20.4% |
| Suppliers | 440/4 | €4,146 | €4,992 | +€847 | +20.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,350 | €6,566 | +€2,216 | +50.9% |
| Taxes | 450/3 | €4,350 | €6,566 | +€2,216 | +50.9% |
| Other amounts payable | 47/48 | €104,224 | €107,838 | +€3,615 | +3.5% |
| Accrued charges and deferred income | 492/3 | €12,030 | €7,507 | -€4,523 | -37.6% |
| Non-recurring operating income | 76A | €11,205 | €0 | -€11,205 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,903 | €19,266 | -€9,637 | -33.3% |
| Other operating charges | 640/8 | €3,233 | €862 | -€2,371 | -73.3% |
| Gross operating margin | 9900 | €106,578 | €79,331 | -€27,247 | -25.6% |
| Operating profit (loss) | 9901 | €74,442 | €59,203 | -€15,240 | -20.5% |
| Financial income | 75/76B | €84 | €1,094 | +€1,010 | +1206.7% |
| Recurring financial income | 75 | €84 | €1,094 | +€1,010 | +1206.7% |
| Financial charges | 65/66B | €15,607 | €7,543 | -€8,064 | -51.7% |
| Recurring financial charges | 65 | €15,607 | €7,543 | -€8,064 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €58,919 | €52,754 | -€6,166 | -10.5% |
| Income taxes | 67/77 | €20,400 | €17,544 | -€2,855 | -14.0% |
| Profit (loss) for the period | 9904 | €38,520 | €35,209 | -€3,310 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,520 | €35,209 | -€3,310 | -8.6% |
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 9 October 2026 via checked.be.