BR&C Development: 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.
BR&C Development
Largest movements
- Stocks and contracts -€2.1m
down €2.1m (-100%), from €2.1m to €0
- Cash -€540,357
down €540,357 (-56.5%), from €955,563 to €415,206
mainly Short-term financial debts (-€2.6m) and Contributions, distributions and other (-€2.4m)
- Receivables within one year +€239,795
up €239,795 (+10.6%), from €2.3m to €2.5m
of which Other amounts receivable: +€589,976
- Short-term financial debts -€2.6m
down €2.6m (-100%), from €2.6m to €0
- Advances received -€355,081
down €355,081 (-100%), from €355,081 to €0
- Trade debts +€334,322
up €334,322 (+262%), from €127,662 to €461,984
- Other debts +€314,914
up €314,914 (+15.2%), from €2.1m to €2.4m
- Tax, wage and social debts -€78,132
down €78,132 (-63.9%), from €122,334 to €44,202
- Financial income +€1.1m
up €1.1m (+90.6%), from €1.3m to €2.4m
- Gross operating margin -€481,777
down €481,777 (-86.4%), from €557,624 to €75,847
- Financial charges -€108,410
down €108,410 (-76.5%), from €141,631 to €33,221
- Taxes -€64,282
down €64,282 (-61.4%), from €104,619 to €40,337
- Other operating charges +€7,942
up €7,942 (+726%), from €1,094 to €9,035
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 | €5,388,536 | €3,002,265 | -€2.4m | -44.3% |
| Fixed assets | 21/28 | €85,000 | €85,000 | = | 0.0% |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €5,303,536 | €2,917,265 | -€2.4m | -45.0% |
| Stocks and contracts in progress | 3 | €2,085,709 | €0 | -€2.1m | -100% |
| Stocks | 30/36 | €2,085,709 | €0 | -€2.1m | -100% |
| Amounts receivable within one year | 40/41 | €2,262,264 | €2,502,059 | +€239,795 | +10.6% |
| Trade receivables | 40 | €425,302 | €75,121 | -€350,181 | -82.3% |
| Other amounts receivable | 41 | €1,836,963 | €2,426,938 | +€589,976 | +32.1% |
| Cash at bank and in hand | 54/58 | €955,563 | €415,206 | -€540,357 | -56.5% |
| Total equity and liabilities | 10/49 | €5,388,536 | €3,002,265 | -€2.4m | -44.3% |
| Equity | 10/15 | €113,856 | €116,079 | +€2,223 | +2.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,856 | €6,079 | +€2,223 | +57.7% |
| Amounts payable | 17/49 | €5,274,681 | €2,886,187 | -€2.4m | -45.3% |
| Amounts payable within one year | 42/48 | €5,270,163 | €2,886,187 | -€2.4m | -45.2% |
| Financial debts | 43 | €2,600,000 | €0 | -€2.6m | -100% |
| Credit institutions | 430/8 | €2,600,000 | €0 | -€2.6m | -100% |
| Trade debts | 44 | €127,662 | €461,984 | +€334,322 | +262% |
| Suppliers | 440/4 | €127,662 | €461,984 | +€334,322 | +262% |
| Advances received on contracts in progress | 46 | €355,081 | €0 | -€355,081 | -100% |
| Taxes, remuneration and social security | 45 | €122,334 | €44,202 | -€78,132 | -63.9% |
| Taxes | 450/3 | €122,334 | €44,202 | -€78,132 | -63.9% |
| Other amounts payable | 47/48 | €2,065,086 | €2,380,000 | +€314,914 | +15.2% |
| Accrued charges and deferred income | 492/3 | €4,517 | €0 | -€4,517 | -100% |
| Other operating charges | 640/8 | €1,094 | €9,035 | +€7,942 | +726% |
| Gross operating margin | 9900 | €557,624 | €75,847 | -€481,777 | -86.4% |
| Operating profit (loss) | 9901 | €556,531 | €66,812 | -€489,719 | -88.0% |
| Financial income | 75/76B | €1,253,689 | €2,388,969 | +€1.1m | +90.6% |
| Recurring financial income | 75 | €1,253,689 | €2,388,969 | +€1.1m | +90.6% |
| Financial charges | 65/66B | €141,631 | €33,221 | -€108,410 | -76.5% |
| Recurring financial charges | 65 | €141,631 | €33,221 | -€108,410 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €1,668,588 | €2,422,560 | +€753,972 | +45.2% |
| Income taxes | 67/77 | €104,619 | €40,337 | -€64,282 | -61.4% |
| Profit (loss) for the period | 9904 | €1,563,969 | €2,382,223 | +€818,254 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,563,969 | €2,382,223 | +€818,254 | +52.3% |
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.