BRIERS: 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.
BRIERS
Largest movements
- Tangible fixed assets -€21,886
down €21,886 (-8.4%), from €259,039 to €237,153
- Receivables within one year +€7,150
up €7,150 (+87.1%), from €8,209 to €15,359
of which Trade receivables: +€8,141
- Deferred charges and accrued income -€5,854
down €5,854 (-14.1%), from €41,491 to €35,637
- Debts after one year -€22,250
down €22,250 (-10.2%), from €217,711 to €195,461
- Gross operating margin +€8,457
up €8,457 (+27.0%), from €31,329 to €39,786
- Depreciation +€5,829
up €5,829 (+29.1%), from €20,010 to €25,840
- Other operating charges -€3,329
down €3,329 (-61.4%), from €5,420 to €2,091
- Financial income -€2,008
down €2,008 (-99.9%), from €2,009 to €1
- Financial charges +€1,662
up €1,662 (+32.3%), from €5,146 to €6,809
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 | €323,561 | €305,090 | -€18,471 | -5.7% |
| Formation expenses | 20 | €306 | - | -€306 | |
| Fixed assets | 21/28 | €259,039 | €237,153 | -€21,886 | -8.4% |
| Tangible fixed assets | 22/27 | €259,039 | €237,153 | -€21,886 | -8.4% |
| Land and buildings | 22 | €218,693 | €209,572 | -€9,121 | -4.2% |
| Plant, machinery and equipment | 23 | €17,768 | €12,873 | -€4,895 | -27.5% |
| Furniture and vehicles | 24 | €22,578 | €14,707 | -€7,870 | -34.9% |
| Current assets | 29/58 | €64,216 | €67,937 | +€3,721 | +5.8% |
| Stocks and contracts in progress | 3 | €5,237 | €7,137 | +€1,899 | +36.3% |
| Stocks | 30/36 | €5,237 | €7,137 | +€1,899 | +36.3% |
| Amounts receivable within one year | 40/41 | €8,209 | €15,359 | +€7,150 | +87.1% |
| Trade receivables | 40 | €5,333 | €13,474 | +€8,141 | +153% |
| Other amounts receivable | 41 | €2,875 | €1,885 | -€991 | -34.5% |
| Cash at bank and in hand | 54/58 | €9,279 | €9,804 | +€525 | +5.7% |
| Deferred charges and accrued income | 490/1 | €41,491 | €35,637 | -€5,854 | -14.1% |
| Total equity and liabilities | 10/49 | €323,561 | €305,090 | -€18,471 | -5.7% |
| Equity | 10/15 | €24,830 | €26,406 | +€1,576 | +6.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,830 | €21,406 | +€1,576 | +7.9% |
| Amounts payable | 17/49 | €298,731 | €278,684 | -€20,047 | -6.7% |
| Amounts payable after more than one year | 17 | €217,711 | €195,461 | -€22,250 | -10.2% |
| Financial debts | 170/4 | €217,711 | €195,461 | -€22,250 | -10.2% |
| Amounts payable within one year | 42/48 | €81,020 | €83,223 | +€2,204 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €22,754 | €22,250 | -€503 | -2.2% |
| Trade debts | 44 | €21,394 | €20,944 | -€451 | -2.1% |
| Suppliers | 440/4 | €21,394 | €20,944 | -€451 | -2.1% |
| Taxes, remuneration and social security | 45 | €5,460 | €7,465 | +€2,005 | +36.7% |
| Taxes | 450/3 | €3,770 | €5,775 | +€2,005 | +53.2% |
| Remuneration and social security | 454/9 | €1,690 | €1,690 | = | 0.0% |
| Other amounts payable | 47/48 | €31,412 | €32,564 | +€1,152 | +3.7% |
| Remuneration, social security and pensions | 62 | €1,600 | €2,619 | +€1,019 | +63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,010 | €25,840 | +€5,829 | +29.1% |
| Other operating charges | 640/8 | €5,420 | €2,091 | -€3,329 | -61.4% |
| Gross operating margin | 9900 | €31,329 | €39,786 | +€8,457 | +27.0% |
| Operating profit (loss) | 9901 | €4,299 | €9,236 | +€4,938 | +115% |
| Financial income | 75/76B | €2,009 | €1 | -€2,008 | -99.9% |
| Recurring financial income | 75 | €2,009 | €1 | -€2,008 | -99.9% |
| Financial charges | 65/66B | €5,146 | €6,809 | +€1,662 | +32.3% |
| Recurring financial charges | 65 | €5,146 | €6,809 | +€1,662 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €1,161 | €2,429 | +€1,267 | +109% |
| Income taxes | 67/77 | €720 | €853 | +€133 | +18.4% |
| Profit (loss) for the period | 9904 | €441 | €1,576 | +€1,135 | +257% |
| Profit (loss) for the period to be appropriated | 9905 | €441 | €1,576 | +€1,135 | +257% |
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 18 October 2026 via checked.be.