BRX 29: 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 29
Largest movements
- Tangible fixed assets -€22,878
down €22,878 (-3.1%), from €747,416 to €724,538
of which Land and buildings: -€21,864
- Debts after one year -€34,672
down €34,672 (-6.2%), from €561,715 to €527,043
- Reserves +€15,502
up €15,502 (+57.2%), from €27,106 to €42,608
- Taxes +€4,016
new in 2025: €4,016
- Gross operating margin +€2,963
up €2,963 (+5.9%), from €50,518 to €53,480
- Financial charges -€666
down €666 (-7.2%), from €9,191 to €8,525
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 | €753,980 | €734,396 | -€19,584 | -2.6% |
| Fixed assets | 21/28 | €747,416 | €724,538 | -€22,878 | -3.1% |
| Tangible fixed assets | 22/27 | €747,416 | €724,538 | -€22,878 | -3.1% |
| Land and buildings | 22 | €743,153 | €721,289 | -€21,864 | -2.9% |
| Plant, machinery and equipment | 23 | €3,948 | €3,249 | -€700 | -17.7% |
| Furniture and vehicles | 24 | €314 | - | -€314 | |
| Current assets | 29/58 | €6,565 | €9,858 | +€3,294 | +50.2% |
| Amounts receivable within one year | 40/41 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 41 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,321 | €7,742 | +€3,422 | +79.2% |
| Deferred charges and accrued income | 490/1 | €244 | €116 | -€128 | -52.5% |
| Total equity and liabilities | 10/49 | €753,980 | €734,396 | -€19,584 | -2.6% |
| Equity | 10/15 | €45,706 | €61,208 | +€15,502 | +33.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,106 | €42,608 | +€15,502 | +57.2% |
| Distributable reserves | 133 | €27,106 | €42,608 | +€15,502 | +57.2% |
| Amounts payable | 17/49 | €708,274 | €673,188 | -€35,086 | -5.0% |
| Amounts payable after more than one year | 17 | €561,715 | €527,043 | -€34,672 | -6.2% |
| Financial debts | 170/4 | €561,715 | €527,043 | -€34,672 | -6.2% |
| Amounts payable within one year | 42/48 | €146,559 | €144,636 | -€1,923 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €37,626 | €34,672 | -€2,954 | -7.9% |
| Trade debts | 44 | €396 | €411 | +€15 | +3.8% |
| Suppliers | 440/4 | €396 | €411 | +€15 | +3.8% |
| Taxes, remuneration and social security | 45 | - | €1,016 | +€1,016 | |
| Taxes | 450/3 | - | €1,016 | +€1,016 | |
| Other amounts payable | 47/48 | €108,537 | €108,537 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,509 | +€1,509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,115 | €22,878 | -€237 | -1.0% |
| Other operating charges | 640/8 | €2,640 | €2,560 | -€80 | -3.0% |
| Gross operating margin | 9900 | €50,518 | €53,480 | +€2,963 | +5.9% |
| Operating profit (loss) | 9901 | €24,763 | €28,042 | +€3,279 | +13.2% |
| Financial charges | 65/66B | €9,191 | €8,525 | -€666 | -7.2% |
| Recurring financial charges | 65 | €9,191 | €8,525 | -€666 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €15,572 | €19,517 | +€3,946 | +25.3% |
| Income taxes | 67/77 | - | €4,016 | +€4,016 | |
| Profit (loss) for the period | 9904 | €15,572 | €15,502 | -€70 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,572 | €15,502 | -€70 | -0.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.