BRT 3: 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.
BRT 3
Largest movements
- Tangible fixed assets -€23,944
down €23,944 (-35.1%), from €68,265 to €44,321
of which Plant, machinery and equipment: -€19,669
- Cash +€4,742
up €4,742 (+7.8%), from €60,787 to €65,529
mainly Other debts (+€73,404) and Depreciation (+€29,127)
- Receivables within one year +€4,257
up €4,257 (+54.3%), from €7,835 to €12,092
of which Trade receivables: +€3,681
- Deferred charges and accrued income +€1,512
up €1,512 (+91.8%), from €1,646 to €3,158
- Other debts +€73,404
up €73,404 (+1,479%), from €4,962 to €78,366
- Reserves -€56,847
down €56,847 (-69.5%), from €81,754 to €24,906
- Trade debts -€20,713
down €20,713 (-86.5%), from €23,938 to €3,225
- Debts after one year -€5,128
down €5,128 (-49.4%), from €10,390 to €5,262
- Tax, wage and social debts -€3,601
down €3,601 (-52.8%), from €6,815 to €3,214
- Other operating charges -€1,727
down €1,727 (-76.5%), from €2,257 to €530
- Depreciation -€1,579
down €1,579 (-5.1%), from €30,706 to €29,127
- Taxes +€783
up €783 (+21.5%), from €3,641 to €4,423
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 | €138,534 | €125,101 | -€13,432 | -9.7% |
| Fixed assets | 21/28 | €68,265 | €44,321 | -€23,944 | -35.1% |
| Tangible fixed assets | 22/27 | €68,265 | €44,321 | -€23,944 | -35.1% |
| Plant, machinery and equipment | 23 | €61,009 | €41,340 | -€19,669 | -32.2% |
| Furniture and vehicles | 24 | €7,256 | €2,981 | -€4,275 | -58.9% |
| Current assets | 29/58 | €70,269 | €80,780 | +€10,512 | +15.0% |
| Amounts receivable within one year | 40/41 | €7,835 | €12,092 | +€4,257 | +54.3% |
| Trade receivables | 40 | €7,835 | €11,516 | +€3,681 | +47.0% |
| Other amounts receivable | 41 | - | €577 | +€577 | |
| Cash at bank and in hand | 54/58 | €60,787 | €65,529 | +€4,742 | +7.8% |
| Deferred charges and accrued income | 490/1 | €1,646 | €3,158 | +€1,512 | +91.8% |
| Total equity and liabilities | 10/49 | €138,534 | €125,101 | -€13,432 | -9.7% |
| Equity | 10/15 | €86,754 | €29,906 | -€56,847 | -65.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,754 | €24,906 | -€56,847 | -69.5% |
| Distributable reserves | 133 | €81,754 | €24,906 | -€56,847 | -69.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,780 | €95,195 | +€43,415 | +83.8% |
| Amounts payable after more than one year | 17 | €10,390 | €5,262 | -€5,128 | -49.4% |
| Financial debts | 170/4 | €10,390 | €5,262 | -€5,128 | -49.4% |
| Amounts payable within one year | 42/48 | €40,712 | €89,932 | +€49,221 | +121% |
| Current portion of amounts payable after more than one year | 42 | €4,997 | €5,128 | +€131 | +2.6% |
| Trade debts | 44 | €23,938 | €3,225 | -€20,713 | -86.5% |
| Suppliers | 440/4 | €23,938 | €3,225 | -€20,713 | -86.5% |
| Taxes, remuneration and social security | 45 | €6,815 | €3,214 | -€3,601 | -52.8% |
| Taxes | 450/3 | €6,815 | €3,214 | -€3,601 | -52.8% |
| Other amounts payable | 47/48 | €4,962 | €78,366 | +€73,404 | +1,479% |
| Accrued charges and deferred income | 492/3 | €678 | €0 | -€678 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,706 | €29,127 | -€1,579 | -5.1% |
| Other operating charges | 640/8 | €2,257 | €530 | -€1,727 | -76.5% |
| Gross operating margin | 9900 | €49,009 | €49,400 | +€391 | +0.8% |
| Operating profit (loss) | 9901 | €16,046 | €19,743 | +€3,697 | +23.0% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €668 | €494 | -€174 | -26.0% |
| Recurring financial charges | 65 | €668 | €494 | -€174 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €15,388 | €19,249 | +€3,861 | +25.1% |
| Income taxes | 67/77 | €3,641 | €4,423 | +€783 | +21.5% |
| Profit (loss) for the period | 9904 | €11,747 | €14,825 | +€3,078 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,747 | €14,825 | +€3,078 | +26.2% |
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.