BRS: 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.
BRS
Largest movements
- Cash -€225,638
down €225,638 (-63.8%), from €353,639 to €128,001
mainly Current investments (-€150,000) and Net result for the year (-€84,837)
- Current investments +€150,000
up €150,000 (+8.3%), from €1.8m to €2.0m
- Profit (loss) carried forward -€84,837
down €84,837 (-6.6%), from €1.3m to €1.2m
- Financial income -€19,454
down €19,454 (-38.6%), from €50,417 to €30,963
- Gross operating margin +€17,987
up €17,987 (+14.5%), from -€123,856 to -€105,869
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 | €2,505,229 | €2,414,181 | -€91,048 | -3.6% |
| Fixed assets | 21/28 | €323,104 | €323,104 | = | 0.0% |
| Financial fixed assets | 28 | €323,104 | €323,104 | = | 0.0% |
| Current assets | 29/58 | €2,182,125 | €2,091,077 | -€91,048 | -4.2% |
| Amounts receivable within one year | 40/41 | €10 | €1,197 | +€1,187 | +11,870% |
| Other amounts receivable | 41 | €10 | €1,197 | +€1,187 | +11,870% |
| Current investments | 50/53 | €1,800,000 | €1,950,000 | +€150,000 | +8.3% |
| Cash at bank and in hand | 54/58 | €353,639 | €128,001 | -€225,638 | -63.8% |
| Deferred charges and accrued income | 490/1 | €28,476 | €11,879 | -€16,597 | -58.3% |
| Total equity and liabilities | 10/49 | €2,505,229 | €2,414,181 | -€91,048 | -3.6% |
| Equity | 10/15 | €2,482,723 | €2,397,886 | -€84,837 | -3.4% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,282,723 | €1,197,886 | -€84,837 | -6.6% |
| Amounts payable | 17/49 | €22,506 | €16,295 | -€6,211 | -27.6% |
| Amounts payable within one year | 42/48 | €22,506 | €16,295 | -€6,211 | -27.6% |
| Trade debts | 44 | €11,144 | €4,928 | -€6,215 | -55.8% |
| Suppliers | 440/4 | €11,144 | €4,928 | -€6,215 | -55.8% |
| Taxes, remuneration and social security | 45 | €7,223 | €5,519 | -€1,704 | -23.6% |
| Taxes | 450/3 | €7,223 | €5,519 | -€1,704 | -23.6% |
| Other operating charges | 640/8 | €10,214 | €9,329 | -€885 | -8.7% |
| Gross operating margin | 9900 | -€123,856 | -€105,869 | +€17,987 | +14.5% |
| Operating profit (loss) | 9901 | -€134,070 | -€115,199 | +€18,872 | +14.1% |
| Financial income | 75/76B | €50,417 | €30,963 | -€19,454 | -38.6% |
| Recurring financial income | 75 | €50,417 | €30,963 | -€19,454 | -38.6% |
| Financial charges | 65/66B | €1,078 | €601 | -€477 | -44.2% |
| Recurring financial charges | 65 | €1,078 | €601 | -€477 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | -€84,732 | -€84,837 | -€105 | -0.1% |
| Profit (loss) for the period | 9904 | -€84,732 | -€84,837 | -€105 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,732 | -€84,837 | -€105 | -0.1% |
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 14 October 2026 via checked.be.