BRS Management: 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 Management
Largest movements
- Financial fixed assets +€241,971
up €241,971 (+323%), from €75,000 to €316,971
- Receivables within one year +€34,566
up €34,566 (+1,104%), from €3,132 to €37,697
of which Other amounts receivable: +€34,566
- Cash +€8,501
up €8,501 (+10.2%), from €83,071 to €91,572
mainly Other debts (+€275,710) and Accrued charges and deferred income (+€8,120)
- Other debts +€275,710
up €275,710 (+248%), from €111,055 to €386,765
- Accrued charges and deferred income +€8,120
up €8,120 (+154%), from €5,257 to €13,376
- Gross operating margin +€25,108
up €25,108 (+283%), from €8,877 to €33,986
- Financial charges +€13,435
up €13,435 (+90.3%), from €14,883 to €28,318
- Depreciation -€5,550
down €5,550 (-76.5%), from €7,251 to €1,701
- Other operating charges -€2,905
down €2,905 (-66.5%), from €4,370 to €1,465
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 | €311,562 | €592,470 | +€280,908 | +90.2% |
| Fixed assets | 21/28 | €221,695 | €461,964 | +€240,270 | +108% |
| Tangible fixed assets | 22/27 | €146,695 | €144,993 | -€1,701 | -1.2% |
| Land and buildings | 22 | €44,398 | €44,398 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,172 | €1,499 | -€673 | -31.0% |
| Furniture and vehicles | 24 | €3,327 | €2,298 | -€1,028 | -30.9% |
| Assets under construction and advance payments | 27 | €96,798 | €96,798 | = | 0.0% |
| Financial fixed assets | 28 | €75,000 | €316,971 | +€241,971 | +323% |
| Current assets | 29/58 | €89,868 | €130,506 | +€40,638 | +45.2% |
| Amounts receivable within one year | 40/41 | €3,132 | €37,697 | +€34,566 | +1,104% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,132 | €37,697 | +€34,566 | +1,104% |
| Cash at bank and in hand | 54/58 | €83,071 | €91,572 | +€8,501 | +10.2% |
| Deferred charges and accrued income | 490/1 | €3,665 | €1,237 | -€2,429 | -66.3% |
| Total equity and liabilities | 10/49 | €311,562 | €592,470 | +€280,908 | +90.2% |
| Equity | 10/15 | €187,889 | €189,439 | +€1,550 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €169,289 | €170,839 | +€1,550 | +0.9% |
| Distributable reserves | 133 | €169,289 | €170,839 | +€1,550 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €123,673 | €403,031 | +€279,358 | +226% |
| Amounts payable within one year | 42/48 | €118,416 | €389,655 | +€271,238 | +229% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,175 | €2,259 | -€4,916 | -68.5% |
| Suppliers | 440/4 | €7,175 | €2,259 | -€4,916 | -68.5% |
| Taxes, remuneration and social security | 45 | €187 | €631 | +€444 | +238% |
| Taxes | 450/3 | €187 | €631 | +€444 | +238% |
| Other amounts payable | 47/48 | €111,055 | €386,765 | +€275,710 | +248% |
| Accrued charges and deferred income | 492/3 | €5,257 | €13,376 | +€8,120 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,251 | €1,701 | -€5,550 | -76.5% |
| Other operating charges | 640/8 | €4,370 | €1,465 | -€2,905 | -66.5% |
| Gross operating margin | 9900 | €8,877 | €33,986 | +€25,108 | +283% |
| Operating profit (loss) | 9901 | -€2,743 | €30,820 | +€33,563 | |
| Financial income | 75/76B | €321 | €297 | -€23 | -7.3% |
| Recurring financial income | 75 | €321 | €297 | -€23 | -7.3% |
| Financial charges | 65/66B | €14,883 | €28,318 | +€13,435 | +90.3% |
| Recurring financial charges | 65 | €14,883 | €28,318 | +€13,435 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,305 | €2,799 | +€20,104 | |
| Income taxes | 67/77 | €187 | €416 | +€230 | +123% |
| Profit (loss) for the period | 9904 | -€17,492 | €2,383 | +€19,875 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,492 | €2,383 | +€19,875 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.