BRXX: 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.
BRXX
Largest movements
- Tangible fixed assets -€160,215
down €160,215 (-29.4%), from €544,352 to €384,137
- Receivables within one year +€27,309
up €27,309 (+13.1%), from €208,581 to €235,890
of which Trade receivables: +€30,522
- Cash -€9,763
down €9,763 (-57.9%), from €16,871 to €7,109
mainly Debts after one year (-€98,668) and Current portion of long-term debt (-€53,293)
- Debts after one year -€98,668
down €98,668 (-49.6%), from €198,964 to €100,297
- Current portion of long-term debt -€53,293
down €53,293 (-28.5%), from €187,073 to €133,780
- Trade debts -€28,801
down €28,801 (-19.0%), from €151,285 to €122,484
- Profit (loss) carried forward +€17,980
up €17,980 (+34.3%), from €52,402 to €70,382
- Tax, wage and social debts +€12,463
up €12,463 (+141%), from €8,819 to €21,282
of which Remuneration and social security: +€8,327
- Gross operating margin -€89,295
down €89,295 (-23.6%), from €378,978 to €289,683
- Financial income +€47,049
up €47,049 (+724%), from €6,497 to €53,546
of which Non-recurring financial income: +€47,525
- Depreciation -€37,030
down €37,030 (-15.4%), from €240,099 to €203,069
- Staff costs +€12,963
up €12,963 (+23.5%), from €55,275 to €68,238
- Financial charges -€10,712
down €10,712 (-38.3%), from €28,004 to €17,291
of which Financial charges: -€6,512
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 | €779,312 | €635,292 | -€144,020 | -18.5% |
| Fixed assets | 21/28 | €549,720 | €388,216 | -€161,504 | -29.4% |
| Intangible fixed assets | 21 | €5,367 | €4,079 | -€1,289 | -24.0% |
| Tangible fixed assets | 22/27 | €544,352 | €384,137 | -€160,215 | -29.4% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Furniture and vehicles | 24 | €5,658 | - | -€5,658 | |
| Leasing and similar rights | 25 | €178,412 | €103,627 | -€74,786 | -41.9% |
| Other tangible fixed assets | 26 | €260,282 | €180,511 | -€79,771 | -30.6% |
| Current assets | 29/58 | €229,592 | €247,076 | +€17,484 | +7.6% |
| Amounts receivable within one year | 40/41 | €208,581 | €235,890 | +€27,309 | +13.1% |
| Trade receivables | 40 | €64,418 | €94,939 | +€30,522 | +47.4% |
| Other amounts receivable | 41 | €144,163 | €140,950 | -€3,213 | -2.2% |
| Cash at bank and in hand | 54/58 | €16,871 | €7,109 | -€9,763 | -57.9% |
| Deferred charges and accrued income | 490/1 | €4,140 | €4,078 | -€62 | -1.5% |
| Total equity and liabilities | 10/49 | €779,312 | €635,292 | -€144,020 | -18.5% |
| Equity | 10/15 | €220,747 | €238,726 | +€17,980 | +8.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €149,753 | €149,753 | = | 0.0% |
| Distributable reserves | 133 | €149,753 | €149,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,402 | €70,382 | +€17,980 | +34.3% |
| Amounts payable | 17/49 | €558,565 | €396,566 | -€161,999 | -29.0% |
| Amounts payable after more than one year | 17 | €198,964 | €100,297 | -€98,668 | -49.6% |
| Financial debts | 170/4 | €198,964 | €100,297 | -€98,668 | -49.6% |
| Amounts payable within one year | 42/48 | €359,601 | €292,770 | -€66,831 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €187,073 | €133,780 | -€53,293 | -28.5% |
| Trade debts | 44 | €151,285 | €122,484 | -€28,801 | -19.0% |
| Suppliers | 440/4 | €151,285 | €122,484 | -€28,801 | -19.0% |
| Taxes, remuneration and social security | 45 | €8,819 | €21,282 | +€12,463 | +141% |
| Taxes | 450/3 | €994 | €5,130 | +€4,136 | +416% |
| Remuneration and social security | 454/9 | €7,826 | €16,152 | +€8,327 | +106% |
| Other amounts payable | 47/48 | €12,424 | €15,224 | +€2,800 | +22.5% |
| Accrued charges and deferred income | 492/3 | - | €3,500 | +€3,500 | |
| Remuneration, social security and pensions | 62 | €55,275 | €68,238 | +€12,963 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,099 | €203,069 | -€37,030 | -15.4% |
| Other operating charges | 640/8 | €41,269 | €31,530 | -€9,739 | -23.6% |
| Gross operating margin | 9900 | €378,978 | €289,683 | -€89,295 | -23.6% |
| Operating profit (loss) | 9901 | €42,336 | -€13,154 | -€55,490 | |
| Financial income | 75/76B | €6,497 | €53,546 | +€47,049 | +724% |
| Recurring financial income | 75 | €1,649 | €1,172 | -€476 | -28.9% |
| Non-recurring financial income | 76B | €4,848 | €52,374 | +€47,525 | +980% |
| Financial charges | 65/66B | €28,004 | €17,291 | -€10,712 | -38.3% |
| Recurring financial charges | 65 | €23,803 | €17,291 | -€6,512 | -27.4% |
| Non-recurring financial charges | 66B | €4,201 | - | -€4,201 | |
| Profit (loss) for the period before taxes | 9903 | €20,829 | €23,101 | +€2,272 | +10.9% |
| Income taxes | 67/77 | - | €5,122 | +€5,122 | |
| Profit (loss) for the period | 9904 | €20,829 | €17,980 | -€2,850 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,829 | €17,980 | -€2,850 | -13.7% |
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 20 October 2026 via checked.be.