BRONE: 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.
BRONE
Largest movements
- Cash -€345,449
down €345,449 (-83.4%), from €414,095 to €68,646
mainly Trade debts (-€311,110) and Net result for the year (-€175,540)
- Receivables within one year -€62,705
down €62,705 (-7.1%), from €883,973 to €821,268
of which Trade receivables: -€59,344
- Tangible fixed assets -€37,372
down €37,372 (-4.3%), from €875,975 to €838,603
of which Land and buildings: -€29,108
- Trade debts -€311,110
down €311,110 (-34.1%), from €911,189 to €600,079
- Profit (loss) carried forward -€152,438
no longer reported in 2025 (was €152,438)
- Other debts +€110,447
up €110,447 (+49.1%), from €225,001 to €335,448
- Debts after one year -€110,150
down €110,150 (-16.4%), from €671,865 to €561,715
- Accrued charges and deferred income +€31,674
up €31,674 (+216.4%), from €14,637 to €46,311
- Gross operating margin -€43,790
down €43,790 (-9.4%), from €463,429 to €419,639
- Depreciation +€31,178
up €31,178 (+35.1%), from €88,818 to €119,996
- Staff costs +€26,396
up €26,396 (+6.6%), from €398,050 to €424,446
- Financial charges +€5,529
up €5,529 (+17.9%), from €30,877 to €36,406
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 | €2,540,459 | €2,091,510 | -€448,949 | -17.7% |
| Fixed assets | 21/28 | €875,975 | €838,603 | -€37,372 | -4.3% |
| Tangible fixed assets | 22/27 | €875,975 | €838,603 | -€37,372 | -4.3% |
| Land and buildings | 22 | €302,558 | €273,450 | -€29,108 | -9.6% |
| Plant, machinery and equipment | 23 | €551,334 | €552,764 | +€1,430 | +0.3% |
| Furniture and vehicles | 24 | €3,102 | €5,190 | +€2,088 | +67.3% |
| Leasing and similar rights | 25 | €18,981 | €7,199 | -€11,782 | -62.1% |
| Current assets | 29/58 | €1,664,484 | €1,252,907 | -€411,577 | -24.7% |
| Stocks and contracts in progress | 3 | €300,296 | €302,590 | +€2,294 | +0.8% |
| Stocks | 30/36 | €300,296 | €302,590 | +€2,294 | +0.8% |
| Amounts receivable within one year | 40/41 | €883,973 | €821,268 | -€62,705 | -7.1% |
| Trade receivables | 40 | €128,570 | €69,226 | -€59,344 | -46.2% |
| Other amounts receivable | 41 | €755,403 | €752,041 | -€3,362 | -0.4% |
| Current investments | 50/53 | €56,228 | €56,228 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €414,095 | €68,646 | -€345,449 | -83.4% |
| Deferred charges and accrued income | 490/1 | €9,892 | €4,175 | -€5,717 | -57.8% |
| Total equity and liabilities | 10/49 | €2,540,459 | €2,091,510 | -€448,949 | -17.7% |
| Equity | 10/15 | €449,003 | €273,464 | -€175,539 | -39.1% |
| Contributions | 10/11 | €143,750 | €143,750 | = | 0.0% |
| Capital | 10 | €143,750 | €143,750 | = | 0.0% |
| Issued capital | 100 | €143,750 | €143,750 | = | 0.0% |
| Reserves | 13 | €152,815 | €129,714 | -€23,101 | -15.1% |
| Non-distributable reserves | 130/1 | €14,375 | €14,375 | = | 0.0% |
| Legal reserve | 130 | €14,375 | €14,375 | = | 0.0% |
| Distributable reserves | 133 | €138,440 | €115,339 | -€23,101 | -16.7% |
| Profit (loss) carried forward | 14 | €152,438 | - | -€152,438 | |
| Amounts payable | 17/49 | €2,091,456 | €1,818,046 | -€273,410 | -13.1% |
| Amounts payable after more than one year | 17 | €671,865 | €561,715 | -€110,150 | -16.4% |
| Financial debts | 170/4 | €671,865 | €561,715 | -€110,150 | -16.4% |
| Amounts payable within one year | 42/48 | €1,404,954 | €1,210,020 | -€194,934 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €229,163 | €230,150 | +€987 | +0.4% |
| Trade debts | 44 | €911,189 | €600,079 | -€311,110 | -34.1% |
| Suppliers | 440/4 | €911,189 | €600,079 | -€311,110 | -34.1% |
| Taxes, remuneration and social security | 45 | €39,601 | €44,343 | +€4,742 | +12.0% |
| Taxes | 450/3 | €0 | €1,819 | +€1,819 | |
| Remuneration and social security | 454/9 | €39,601 | €42,524 | +€2,923 | +7.4% |
| Other amounts payable | 47/48 | €225,001 | €335,448 | +€110,447 | +49.1% |
| Accrued charges and deferred income | 492/3 | €14,637 | €46,311 | +€31,674 | +216.4% |
| Remuneration, social security and pensions | 62 | €398,050 | €424,446 | +€26,396 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,818 | €119,996 | +€31,178 | +35.1% |
| Other operating charges | 640/8 | €14,790 | €15,069 | +€279 | +1.9% |
| Non-recurring operating charges | 66A | €570 | - | -€570 | |
| Gross operating margin | 9900 | €463,429 | €419,639 | -€43,790 | -9.4% |
| Operating profit (loss) | 9901 | -€38,799 | -€139,872 | -€101,073 | -260.5% |
| Financial income | 75/76B | €693 | €738 | +€45 | +6.5% |
| Recurring financial income | 75 | €693 | €738 | +€45 | +6.5% |
| Financial charges | 65/66B | €30,877 | €36,406 | +€5,529 | +17.9% |
| Recurring financial charges | 65 | €30,877 | €36,406 | +€5,529 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€68,983 | -€175,540 | -€106,557 | -154.5% |
| Profit (loss) for the period | 9904 | -€68,983 | -€175,540 | -€106,557 | -154.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,983 | -€175,540 | -€106,557 | -154.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.