SB BRG: 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.
SB BRG
Largest movements
- Cash +€65,588
up €65,588 (+56.4%), from €116,304 to €181,892
mainly Net result for the year (+€81,810) and Depreciation (+€11,188)
- Tangible fixed assets -€11,188
down €11,188 (-37.2%), from €30,068 to €18,880
- Profit (loss) carried forward +€81,810
up €81,810 (+82.3%), from €99,425 to €181,235
- Tax, wage and social debts -€16,262
down €16,262 (-53.4%), from €30,461 to €14,198
of which Taxes: -€13,466
- Debts after one year -€10,375
down €10,375 (-51.1%), from €20,293 to €9,918
- Gross operating margin +€5,353
up €5,353 (+4.8%), from €110,745 to €116,098
- Taxes +€1,445
up €1,445 (+7.3%), from €19,874 to €21,319
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 | €164,522 | €220,425 | +€55,902 | +34.0% |
| Fixed assets | 21/28 | €30,068 | €18,880 | -€11,188 | -37.2% |
| Tangible fixed assets | 22/27 | €30,068 | €18,880 | -€11,188 | -37.2% |
| Furniture and vehicles | 24 | €30,068 | €18,880 | -€11,188 | -37.2% |
| Current assets | 29/58 | €134,454 | €201,545 | +€67,090 | +49.9% |
| Amounts receivable within one year | 40/41 | €18,150 | €19,653 | +€1,503 | +8.3% |
| Trade receivables | 40 | €18,150 | €19,653 | +€1,503 | +8.3% |
| Cash at bank and in hand | 54/58 | €116,304 | €181,892 | +€65,588 | +56.4% |
| Total equity and liabilities | 10/49 | €164,522 | €220,425 | +€55,902 | +34.0% |
| Equity | 10/15 | €102,425 | €184,235 | +€81,810 | +79.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,425 | €181,235 | +€81,810 | +82.3% |
| Amounts payable | 17/49 | €62,098 | €36,189 | -€25,908 | -41.7% |
| Amounts payable after more than one year | 17 | €20,293 | €9,918 | -€10,375 | -51.1% |
| Financial debts | 170/4 | €20,293 | €9,918 | -€10,375 | -51.1% |
| Amounts payable within one year | 42/48 | €41,805 | €26,271 | -€15,533 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €9,930 | €10,375 | +€445 | +4.5% |
| Trade debts | 44 | €182 | €466 | +€284 | +156.6% |
| Suppliers | 440/4 | €182 | €466 | +€284 | +156.6% |
| Taxes, remuneration and social security | 45 | €30,461 | €14,198 | -€16,262 | -53.4% |
| Taxes | 450/3 | €27,664 | €14,198 | -€13,466 | -48.7% |
| Remuneration and social security | 454/9 | €2,796 | - | -€2,796 | |
| Other amounts payable | 47/48 | €1,233 | €1,233 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,188 | €11,188 | = | 0.0% |
| Other operating charges | 640/8 | €819 | €640 | -€179 | -21.9% |
| Gross operating margin | 9900 | €110,745 | €116,098 | +€5,353 | +4.8% |
| Operating profit (loss) | 9901 | €98,737 | €104,270 | +€5,533 | +5.6% |
| Financial charges | 65/66B | €1,584 | €1,141 | -€443 | -28.0% |
| Recurring financial charges | 65 | €1,584 | €1,141 | -€443 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €97,153 | €103,129 | +€5,976 | +6.2% |
| Income taxes | 67/77 | €19,874 | €21,319 | +€1,445 | +7.3% |
| Profit (loss) for the period | 9904 | €77,280 | €81,810 | +€4,531 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,280 | €81,810 | +€4,531 | +5.9% |
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.