BRW conseil: 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.
BRW conseil
Largest movements
- Cash +€18,458
up €18,458 (+14.3%), from €128,746 to €147,204
mainly Net result for the year (+€15,780) and Depreciation (+€13,657)
- Tangible fixed assets -€13,657
down €13,657 (-46.0%), from €29,719 to €16,062
of which Furniture and vehicles: -€13,447
- Reserves +€15,780
up €15,780 (+12.1%), from €130,053 to €145,833
of which Distributable reserves: +€15,780
- Tax, wage and social debts -€5,633
down €5,633 (-63.5%), from €8,871 to €3,238
of which Taxes: -€5,633
- Other debts -€4,069
down €4,069 (-60.3%), from €6,750 to €2,681
- Trade debts -€2,459
down €2,459 (-90.3%), from €2,724 to €265
- Gross operating margin -€25,431
down €25,431 (-39.4%), from €64,539 to €39,108
- Taxes -€7,762
down €7,762 (-46.1%), from €16,829 to €9,067
- Other operating charges -€1,777
down €1,777 (-68.1%), from €2,611 to €834
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 | €170,477 | €173,253 | +€2,777 | +1.6% |
| Fixed assets | 21/28 | €29,719 | €16,062 | -€13,657 | -46.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €29,719 | €16,062 | -€13,657 | -46.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €28,350 | €14,903 | -€13,447 | -47.4% |
| Other tangible fixed assets | 26 | €1,370 | €1,159 | -€211 | -15.4% |
| Current assets | 29/58 | €140,757 | €157,192 | +€16,434 | +11.7% |
| Amounts receivable within one year | 40/41 | €10,280 | €9,308 | -€972 | -9.5% |
| Trade receivables | 40 | €9,639 | €4,802 | -€4,837 | -50.2% |
| Other amounts receivable | 41 | €640 | €4,506 | +€3,865 | +603.6% |
| Cash at bank and in hand | 54/58 | €128,746 | €147,204 | +€18,458 | +14.3% |
| Deferred charges and accrued income | 490/1 | €1,732 | €680 | -€1,052 | -60.7% |
| Total equity and liabilities | 10/49 | €170,477 | €173,253 | +€2,777 | +1.6% |
| Equity | 10/15 | €152,122 | €167,069 | +€14,947 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,053 | €145,833 | +€15,780 | +12.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €128,193 | €143,973 | +€15,780 | +12.3% |
| Profit (loss) carried forward | 14 | €3,469 | €2,636 | -€833 | -24.0% |
| Amounts payable | 17/49 | €18,354 | €6,184 | -€12,170 | -66.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,345 | €6,184 | -€12,160 | -66.3% |
| Trade debts | 44 | €2,724 | €265 | -€2,459 | -90.3% |
| Suppliers | 440/4 | €2,724 | €265 | -€2,459 | -90.3% |
| Taxes, remuneration and social security | 45 | €8,871 | €3,238 | -€5,633 | -63.5% |
| Taxes | 450/3 | €8,871 | €3,238 | -€5,633 | -63.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,750 | €2,681 | -€4,069 | -60.3% |
| Accrued charges and deferred income | 492/3 | €10 | €0 | -€10 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,222 | €13,657 | -€564 | -4.0% |
| Other operating charges | 640/8 | €2,611 | €834 | -€1,777 | -68.1% |
| Gross operating margin | 9900 | €64,539 | €39,108 | -€25,431 | -39.4% |
| Operating profit (loss) | 9901 | €47,706 | €24,616 | -€23,090 | -48.4% |
| Financial income | 75/76B | €1,122 | €500 | -€621 | -55.4% |
| Recurring financial income | 75 | €1,122 | €500 | -€621 | -55.4% |
| Financial charges | 65/66B | €418 | €270 | -€148 | -35.5% |
| Recurring financial charges | 65 | €418 | €270 | -€148 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €48,410 | €24,847 | -€23,563 | -48.7% |
| Income taxes | 67/77 | €16,829 | €9,067 | -€7,762 | -46.1% |
| Profit (loss) for the period | 9904 | €31,581 | €15,780 | -€15,801 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,581 | €15,780 | -€15,801 | -50.0% |
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 12 October 2026 via checked.be.