BRS Concept: 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 Concept
Largest movements
- Cash +€17,351
up €17,351 (+2441.3%), from €711 to €18,062
mainly Trade debts (+€81,256) and Receivables within one year (+€4,801)
- Receivables within one year -€4,801
down €4,801 (-1.1%), from €452,592 to €447,791
of which Trade receivables: -€4,801
- Trade debts +€81,256
up €81,256 (+49.5%), from €164,004 to €245,260
- Profit (loss) carried forward -€39,355
down €39,355 (-82.9%), from -€47,449 to -€86,804
- Tax, wage and social debts -€15,064
down €15,064 (-11.2%), from €133,973 to €118,909
of which Remuneration and social security: -€17,923
- Other debts -€11,334
down €11,334 (-6.7%), from €170,010 to €158,676
- Staff costs -€87,188
down €87,188 (-23.6%), from €369,162 to €281,973
- Gross operating margin -€78,394
down €78,394 (-24.0%), from €326,790 to €248,395
- Depreciation -€8,732
down €8,732 (-94.9%), from €9,202 to €470
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 | €457,973 | €469,641 | +€11,669 | +2.5% |
| Fixed assets | 21/28 | €4,259 | €3,789 | -€470 | -11.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €4,259 | €3,789 | -€470 | -11.0% |
| Plant, machinery and equipment | 23 | €4,259 | €3,789 | -€470 | -11.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €453,714 | €465,853 | +€12,139 | +2.7% |
| Amounts receivable within one year | 40/41 | €452,592 | €447,791 | -€4,801 | -1.1% |
| Trade receivables | 40 | €432,798 | €427,998 | -€4,801 | -1.1% |
| Other amounts receivable | 41 | €19,793 | €19,793 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €711 | €18,062 | +€17,351 | +2441.3% |
| Deferred charges and accrued income | 490/1 | €412 | - | -€412 | |
| Total equity and liabilities | 10/49 | €457,973 | €469,641 | +€11,669 | +2.5% |
| Equity | 10/15 | -€28,849 | -€68,204 | -€39,355 | -136.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,449 | -€86,804 | -€39,355 | -82.9% |
| Amounts payable | 17/49 | €486,821 | €537,845 | +€51,024 | +10.5% |
| 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 | €467,987 | €522,845 | +€54,858 | +11.7% |
| Trade debts | 44 | €164,004 | €245,260 | +€81,256 | +49.5% |
| Suppliers | 440/4 | €164,004 | €245,260 | +€81,256 | +49.5% |
| Taxes, remuneration and social security | 45 | €133,973 | €118,909 | -€15,064 | -11.2% |
| Taxes | 450/3 | €91,370 | €94,230 | +€2,860 | +3.1% |
| Remuneration and social security | 454/9 | €42,603 | €24,680 | -€17,923 | -42.1% |
| Other amounts payable | 47/48 | €170,010 | €158,676 | -€11,334 | -6.7% |
| Accrued charges and deferred income | 492/3 | €3,835 | - | -€3,835 | |
| Remuneration, social security and pensions | 62 | €369,162 | €281,973 | -€87,188 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,202 | €470 | -€8,732 | -94.9% |
| Other operating charges | 640/8 | €2,070 | €2,686 | +€617 | +29.8% |
| Gross operating margin | 9900 | €326,790 | €248,395 | -€78,394 | -24.0% |
| Operating profit (loss) | 9901 | -€53,644 | -€36,734 | +€16,910 | +31.5% |
| Financial income | 75/76B | €62 | €16 | -€46 | -74.6% |
| Recurring financial income | 75 | €62 | €16 | -€46 | -74.6% |
| Financial charges | 65/66B | €3,996 | €1,908 | -€2,088 | -52.3% |
| Recurring financial charges | 65 | €3,996 | €1,908 | -€2,088 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | -€57,579 | -€38,626 | +€18,952 | +32.9% |
| Income taxes | 67/77 | €821 | €729 | -€93 | -11.3% |
| Profit (loss) for the period | 9904 | -€58,400 | -€39,355 | +€19,045 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,400 | -€39,355 | +€19,045 | +32.6% |
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 11 October 2026 via checked.be.