Brightco: 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.
What changed
Brightco
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€219,290
2024 · -€611,759+€392,469
Equity
€203.4m
2024 · €177.1m+€26.3m
Cash
€9,767
2024 · €17,122-€7,355
Balance sheet total
€204.3m
2024 · €178.0m+€26.4m
Largest movements
Assets
- Financial fixed assets +€26.5m
up €26.5m (+14.9%), from €177.8m to €204.2m
Equity and liabilities
- Contributions +€26.5m
up €26.5m (+14.9%), from €177.8m to €204.2m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
-€611,759
Other operating charges
-€1,675
Other operating items
+€451,410
Financial income
-€1
Financial charges
-€57,265
Result 2025
-€219,290
lowers the resultnot broken down further in the accounts
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.
From operations
-€7,356
Investment
-€26.5m
Financing
+€26.5m
Cash 2024
€17,122
From operations (derived)
-€7,356
Net result for the year
-€219,290
Receivables within one year
+€95,682
Smaller working-capital items
+€8,518
Accrued charges and deferred income
+€107,734
Investment (derived)
-€26.5m
Investment in fixed assets (net)
-€26.5m
Financing
+€26.5m
Contributions, distributions and other
+€26.5m
Not broken down
+€1
Cash 2025
€9,767
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,954,757 | €204,321,354 | +€26.4m | +14.8% |
| Fixed assets | 21/28 | €177,750,000 | €204,219,634 | +€26.5m | +14.9% |
| Financial fixed assets | 28 | €177,750,000 | €204,219,634 | +€26.5m | +14.9% |
| Affiliated companies | 280/1 | €177,750,000 | €204,219,634 | +€26.5m | +14.9% |
| Participating interests | 280 | €177,750,000 | €204,219,634 | +€26.5m | +14.9% |
| Current assets | 29/58 | €204,757 | €101,720 | -€103,037 | -50.3% |
| Amounts receivable within one year | 40/41 | €187,635 | €91,953 | -€95,682 | -51.0% |
| Trade receivables | 40 | €94,736 | €0 | -€94,736 | -100% |
| Other amounts receivable | 41 | €92,899 | €91,953 | -€946 | -1.0% |
| Cash at bank and in hand | 54/58 | €17,122 | €9,767 | -€7,355 | -43.0% |
| Total equity and liabilities | 10/49 | €177,954,757 | €204,321,354 | +€26.4m | +14.8% |
| Equity | 10/15 | €177,138,241 | €203,388,586 | +€26.3m | +14.8% |
| Contributions | 10/11 | €177,750,000 | €204,219,634 | +€26.5m | +14.9% |
| Profit (loss) carried forward | 14 | -€611,759 | -€831,049 | -€219,290 | -35.8% |
| Amounts payable | 17/49 | €816,516 | €932,769 | +€116,253 | +14.2% |
| Amounts payable within one year | 42/48 | €812,977 | €821,495 | +€8,518 | +1.0% |
| Trade debts | 44 | €57,097 | €113,659 | +€56,562 | +99.1% |
| Suppliers | 440/4 | €57,097 | €113,659 | +€56,562 | +99.1% |
| Other amounts payable | 47/48 | €755,880 | €707,836 | -€48,044 | -6.4% |
| Accrued charges and deferred income | 492/3 | €3,539 | €111,273 | +€107,734 | +3,044% |
| Operating charges | 60/66A | €608,217 | €158,482 | -€449,735 | -73.9% |
| Services and other goods | 61 | €607,822 | €156,366 | -€451,456 | -74.3% |
| Other operating charges | 640/8 | €395 | €2,070 | +€1,675 | +424% |
| Non-recurring operating charges | 66A | - | €46 | +€46 | |
| Operating profit (loss) | 9901 | -€608,217 | -€158,482 | +€449,735 | +73.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Income from financial fixed assets | 750 | €1 | - | -€1 | |
| Other financial income | 752/9 | - | €0 | = | |
| Financial charges | 65/66B | €3,543 | €60,808 | +€57,265 | +1,616% |
| Recurring financial charges | 65 | €3,543 | €60,808 | +€57,265 | +1,616% |
| Debt charges | 650 | €3,539 | €60,482 | +€56,943 | +1,609% |
| Other financial charges | 652/9 | €4 | €326 | +€322 | +8,593% |
| Profit (loss) for the period before taxes | 9903 | -€611,759 | -€219,290 | +€392,469 | +64.2% |
| Profit (loss) for the period | 9904 | -€611,759 | -€219,290 | +€392,469 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€611,759 | -€219,290 | +€392,469 | +64.2% |
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.