MAR-BRI-ER: 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.
MAR-BRI-ER
Largest movements
- Receivables within one year +€1,829
up €1,829 (+12.8%), from €14,310 to €16,139
- Cash +€507
up €507 (+16.7%), from €3,031 to €3,538
mainly Net result for the year (+€2,464)
- Profit (loss) carried forward +€2,464
up €2,464 (+9,543%), from €26 to €2,490
- Depreciation -€3,621
no longer reported in 2025 (was €3,621)
- Gross operating margin -€112
down €112 (-4.3%), from €2,618 to €2,506
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 | €29,426 | €31,890 | +€2,464 | +8.4% |
| Fixed assets | 21/28 | €12,085 | €12,085 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,085 | €12,085 | = | 0.0% |
| Land and buildings | 22 | €12,085 | €12,085 | = | 0.0% |
| Current assets | 29/58 | €17,341 | €19,805 | +€2,464 | +14.2% |
| Amounts receivable within one year | 40/41 | €14,310 | €16,139 | +€1,829 | +12.8% |
| Other amounts receivable | 41 | €14,310 | €16,139 | +€1,829 | +12.8% |
| Cash at bank and in hand | 54/58 | €3,031 | €3,538 | +€507 | +16.7% |
| Deferred charges and accrued income | 490/1 | - | €128 | +€128 | |
| Total equity and liabilities | 10/49 | €29,426 | €31,890 | +€2,464 | +8.4% |
| Equity | 10/15 | €29,426 | €31,890 | +€2,464 | +8.4% |
| Contributions | 10/11 | €23,100 | €23,100 | = | 0.0% |
| Capital | 10 | €23,100 | €23,100 | = | 0.0% |
| Issued capital | 100 | €23,100 | €23,100 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26 | €2,490 | +€2,464 | +9,543% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,621 | - | -€3,621 | |
| Gross operating margin | 9900 | €2,618 | €2,506 | -€112 | -4.3% |
| Operating profit (loss) | 9901 | -€1,003 | €2,506 | +€3,509 | |
| Financial charges | 65/66B | €41 | €42 | +€1 | +2.8% |
| Recurring financial charges | 65 | €41 | €42 | +€1 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,044 | €2,464 | +€3,508 | |
| Profit (loss) for the period | 9904 | -€1,044 | €2,464 | +€3,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,044 | €2,464 | +€3,508 |
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.