BSR Holding: 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.
BSR Holding
Largest movements
- Receivables within one year +€47,807
up €47,807 (+8.3%), from €576,018 to €623,825
- Reserves +€49,040
up €49,040 (+8.9%), from €550,605 to €599,646
- Gross operating margin -€1,881
down €1,881 (-28.6%), from €6,568 to €4,687
- Financial income +€1,443
up €1,443 (+0.5%), from €301,014 to €302,457
- Financial charges -€832
down €832 (-0.3%), from €241,529 to €240,697
- Taxes +€91
up €91 (+0.6%), from €16,256 to €16,347
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 | €4,125,369 | €4,175,189 | +€49,820 | +1.2% |
| Fixed assets | 21/28 | €448,500 | €448,500 | = | 0.0% |
| Financial fixed assets | 28 | €448,500 | €448,500 | = | 0.0% |
| Current assets | 29/58 | €3,676,869 | €3,726,689 | +€49,820 | +1.4% |
| Amounts receivable after more than one year | 29 | €3,100,000 | €3,100,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,100,000 | €3,100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €576,018 | €623,825 | +€47,807 | +8.3% |
| Other amounts receivable | 41 | €576,018 | €623,825 | +€47,807 | +8.3% |
| Cash at bank and in hand | 54/58 | €851 | €78 | -€773 | -90.8% |
| Deferred charges and accrued income | 490/1 | - | €2,786 | +€2,786 | |
| Total equity and liabilities | 10/49 | €4,125,369 | €4,175,189 | +€49,820 | +1.2% |
| Equity | 10/15 | €1,115,605 | €1,164,646 | +€49,040 | +4.4% |
| Contributions | 10/11 | €565,000 | €565,000 | = | 0.0% |
| Capital | 10 | €565,000 | €565,000 | = | 0.0% |
| Issued capital | 100 | €565,000 | €565,000 | = | 0.0% |
| Reserves | 13 | €550,605 | €599,646 | +€49,040 | +8.9% |
| Distributable reserves | 133 | €550,605 | €599,646 | +€49,040 | +8.9% |
| Amounts payable | 17/49 | €3,009,763 | €3,010,543 | +€780 | 0.0% |
| Amounts payable after more than one year | 17 | €3,000,000 | €3,000,000 | = | 0.0% |
| Financial debts | 170/4 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,763 | €10,532 | +€769 | +7.9% |
| Financial debts | 43 | €6,764 | €4,039 | -€2,725 | -40.3% |
| Credit institutions | 430/8 | €6,764 | €4,039 | -€2,725 | -40.3% |
| Trade debts | 44 | €221 | €3,457 | +€3,237 | +1,466% |
| Suppliers | 440/4 | €221 | €3,457 | +€3,237 | +1,466% |
| Taxes, remuneration and social security | 45 | €2,779 | €3,035 | +€257 | +9.2% |
| Taxes | 450/3 | €2,779 | €3,035 | +€257 | +9.2% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €6,568 | €4,687 | -€1,881 | -28.6% |
| Operating profit (loss) | 9901 | €5,539 | €3,627 | -€1,912 | -34.5% |
| Financial income | 75/76B | €301,014 | €302,457 | +€1,443 | +0.5% |
| Recurring financial income | 75 | €301,014 | €302,457 | +€1,443 | +0.5% |
| Financial charges | 65/66B | €241,529 | €240,697 | -€832 | -0.3% |
| Recurring financial charges | 65 | €241,529 | €240,697 | -€832 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €65,024 | €65,387 | +€363 | +0.6% |
| Income taxes | 67/77 | €16,256 | €16,347 | +€91 | +0.6% |
| Profit (loss) for the period | 9904 | €48,768 | €49,040 | +€272 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,768 | €49,040 | +€272 | +0.6% |
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 25 October 2026 via checked.be.