BRS Vastgoed: 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 Vastgoed
Largest movements
- Financial fixed assets -€3.0m
down €3.0m (-100%), from €3.0m to €0
- Receivables within one year +€2.0m
up €2.0m, from €0 to €2.0m
- Profit (loss) carried forward -€1.0m
down €1.0m (-2,414%), from -€43,115 to -€1.1m
- Debts after one year -€81,000
down €81,000 (-13.5%), from €600,750 to €519,750
- Other debts +€66,954
up €66,954 (+8.2%), from €821,088 to €888,041
- Financial charges +€1.0m
up €1.0m (+1,537%), from €67,508 to €1.1m
of which Non-recurring financial charges: +€1.0m
- Gross operating margin +€19,561
up €19,561 (+13.1%), from €149,301 to €168,862
- Depreciation +€7,424
up €7,424 (+8.2%), from €90,480 to €97,904
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 | €4,467,855 | €3,414,186 | -€1.1m | -23.6% |
| Fixed assets | 21/28 | €4,461,225 | €1,422,425 | -€3.0m | -68.1% |
| Tangible fixed assets | 22/27 | €1,461,225 | €1,422,425 | -€38,799 | -2.7% |
| Land and buildings | 22 | €1,431,044 | €1,395,578 | -€35,466 | -2.5% |
| Plant, machinery and equipment | 23 | €30,181 | €26,847 | -€3,333 | -11.0% |
| Financial fixed assets | 28 | €3,000,000 | €0 | -€3.0m | -100% |
| Current assets | 29/58 | €6,630 | €1,991,761 | +€2.0m | +29,940% |
| Amounts receivable within one year | 40/41 | €0 | €1,963,000 | +€2.0m | |
| Other amounts receivable | 41 | €0 | €1,963,000 | +€2.0m | |
| Cash at bank and in hand | 54/58 | €6,630 | €28,761 | +€22,130 | +334% |
| Total equity and liabilities | 10/49 | €4,467,855 | €3,414,186 | -€1.1m | -23.6% |
| Equity | 10/15 | €2,956,885 | €1,915,919 | -€1.0m | -35.2% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,115 | -€1,084,081 | -€1.0m | -2,414% |
| Amounts payable | 17/49 | €1,510,970 | €1,498,267 | -€12,703 | -0.8% |
| Amounts payable after more than one year | 17 | €600,750 | €519,750 | -€81,000 | -13.5% |
| Financial debts | 170/4 | €600,750 | €519,750 | -€81,000 | -13.5% |
| Amounts payable within one year | 42/48 | €910,220 | €978,517 | +€68,297 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €81,000 | €81,000 | = | 0.0% |
| Trade debts | 44 | €327 | €0 | -€327 | -100% |
| Suppliers | 440/4 | €327 | €0 | -€327 | -100% |
| Taxes, remuneration and social security | 45 | €7,806 | €9,476 | +€1,670 | +21.4% |
| Taxes | 450/3 | €7,806 | €9,476 | +€1,670 | +21.4% |
| Other amounts payable | 47/48 | €821,088 | €888,041 | +€66,954 | +8.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,480 | €97,904 | +€7,424 | +8.2% |
| Other operating charges | 640/8 | €6,687 | €6,890 | +€204 | +3.0% |
| Gross operating margin | 9900 | €149,301 | €168,862 | +€19,561 | +13.1% |
| Operating profit (loss) | 9901 | €52,135 | €64,068 | +€11,933 | +22.9% |
| Financial charges | 65/66B | €67,508 | €1,105,034 | +€1.0m | +1,537% |
| Recurring financial charges | 65 | €67,508 | €68,034 | +€526 | +0.8% |
| Non-recurring financial charges | 66B | - | €1,037,000 | +€1.0m | |
| Profit (loss) for the period before taxes | 9903 | -€15,373 | -€1,040,966 | -€1.0m | -6,671% |
| Profit (loss) for the period | 9904 | -€15,373 | -€1,040,966 | -€1.0m | -6,671% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,373 | -€1,040,966 | -€1.0m | -6,671% |
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 17 October 2026 via checked.be.