BRX: what changed
Two fiscal 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.
BRX
Largest movements
- Cash +€152,288
up €152,288 (+76.2%), from €199,862 to €352,149
mainly Net result for the year (+€514,730) and Tax, wage and social debts (+€81,540)
- Receivables after one year +€100,000
up €100,000 (+66.7%), from €150,000 to €250,000
- Current investments +€75,904
up €75,904 (+7.1%), from €1.1m to €1.1m
- Receivables within one year +€25,873
up €25,873 (+129.6%), from €19,964 to €45,837
of which Other amounts receivable: +€25,076
- Reserves +€406,096
up €406,096 (+24.2%), from €1.7m to €2.1m
of which Distributable reserves: +€385,046
- Debts after one year -€107,808
down €107,808 (-48.5%), from €222,171 to €114,362
- Tax, wage and social debts +€81,540
up €81,540 (+413.8%), from €19,707 to €101,247
- Financial income +€107,793
up €107,793 (+405.5%), from €26,581 to €134,374
- Taxes +€81,179
up €81,179 (+42.7%), from €189,896 to €271,074
- Gross operating margin +€61,164
up €61,164 (+9.3%), from €659,310 to €720,474
- Other operating charges -€47,757
down €47,757 (-99.7%), from €47,890 to €133
- Depreciation +€18,901
up €18,901 (+44.6%), from €42,418 to €61,319
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 | €2,047,406 | €2,423,560 | +€376,155 | +18.4% |
| Fixed assets | 21/28 | €538,116 | €556,784 | +€18,668 | +3.5% |
| Tangible fixed assets | 22/27 | €538,116 | €556,784 | +€18,668 | +3.5% |
| Land and buildings | 22 | €391,866 | €388,110 | -€3,756 | -1.0% |
| Plant, machinery and equipment | 23 | €10,372 | €45,857 | +€35,485 | +342.1% |
| Furniture and vehicles | 24 | €94,315 | €70,211 | -€24,104 | -25.6% |
| Other tangible fixed assets | 26 | €41,563 | €52,606 | +€11,043 | +26.6% |
| Current assets | 29/58 | €1,509,290 | €1,866,776 | +€357,487 | +23.7% |
| Amounts receivable after more than one year | 29 | €150,000 | €250,000 | +€100,000 | +66.7% |
| Other amounts receivable | 291 | €150,000 | €250,000 | +€100,000 | +66.7% |
| Amounts receivable within one year | 40/41 | €19,964 | €45,837 | +€25,873 | +129.6% |
| Trade receivables | 40 | €235 | €1,032 | +€797 | +338.5% |
| Other amounts receivable | 41 | €19,729 | €44,805 | +€25,076 | +127.1% |
| Current investments | 50/53 | €1,068,540 | €1,144,445 | +€75,904 | +7.1% |
| Cash at bank and in hand | 54/58 | €199,862 | €352,149 | +€152,288 | +76.2% |
| Deferred charges and accrued income | 490/1 | €70,923 | €74,345 | +€3,422 | +4.8% |
| Total equity and liabilities | 10/49 | €2,047,406 | €2,423,560 | +€376,155 | +18.4% |
| Equity | 10/15 | €1,689,257 | €2,095,353 | +€406,096 | +24.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,676,857 | €2,082,953 | +€406,096 | +24.2% |
| Tax-exempt reserves | 132 | €253,627 | €274,677 | +€21,050 | +8.3% |
| Distributable reserves | 133 | €1,423,230 | €1,808,276 | +€385,046 | +27.1% |
| Amounts payable | 17/49 | €358,149 | €328,207 | -€29,941 | -8.4% |
| Amounts payable after more than one year | 17 | €222,171 | €114,362 | -€107,808 | -48.5% |
| Financial debts | 170/4 | €222,171 | €114,362 | -€107,808 | -48.5% |
| Amounts payable within one year | 42/48 | €135,978 | €213,845 | +€77,867 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €106,005 | €107,808 | +€1,803 | +1.7% |
| Trade debts | 44 | €10,266 | €4,790 | -€5,476 | -53.3% |
| Suppliers | 440/4 | €10,266 | €4,790 | -€5,476 | -53.3% |
| Taxes, remuneration and social security | 45 | €19,707 | €101,247 | +€81,540 | +413.8% |
| Taxes | 450/3 | €19,707 | €101,247 | +€81,540 | +413.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,418 | €61,319 | +€18,901 | +44.6% |
| Other operating charges | 640/8 | €47,890 | €133 | -€47,757 | -99.7% |
| Gross operating margin | 9900 | €659,310 | €720,474 | +€61,164 | +9.3% |
| Operating profit (loss) | 9901 | €569,002 | €659,023 | +€90,021 | +15.8% |
| Financial income | 75/76B | €26,581 | €134,374 | +€107,793 | +405.5% |
| Recurring financial income | 75 | €26,581 | €134,374 | +€107,793 | +405.5% |
| Financial charges | 65/66B | €10,045 | €7,592 | -€2,453 | -24.4% |
| Recurring financial charges | 65 | €10,045 | €7,592 | -€2,453 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €585,538 | €785,805 | +€200,267 | +34.2% |
| Income taxes | 67/77 | €189,896 | €271,074 | +€81,179 | +42.7% |
| Profit (loss) for the period | 9904 | €395,642 | €514,730 | +€119,088 | +30.1% |
| Transfer from tax-exempt reserves | 789 | €35,600 | €42,100 | +€6,500 | +18.3% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €63,150 | -€42,100 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €325,992 | €493,680 | +€167,688 | +51.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.