Admin Brain: 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.
Admin Brain
Largest movements
- Stocks and contracts +€475,279
new in 2025: €475,279
of which Stocks: +€392,050
- Receivables within one year -€43,704
down €43,704 (-41.9%), from €104,322 to €60,618
of which Trade receivables: -€40,955
- Cash +€37,740
up €37,740 (+98.1%), from €38,468 to €76,208
mainly Short-term financial debts (+€437,519) and Receivables within one year (+€43,704)
- Current investments +€12,936
up €12,936 (+25.4%), from €51,020 to €63,956
- Short-term financial debts +€437,519
new in 2025: €437,519
- Reserves +€35,650
up €35,650 (+31.9%), from €111,668 to €147,319
- Tax, wage and social debts +€9,445
up €9,445 (+58.4%), from €16,169 to €25,614
of which Taxes: +€9,745
- Financial charges +€36,339
up €36,339 (+581.4%), from €6,251 to €42,590
- Taxes -€5,677
down €5,677 (-26.6%), from €21,316 to €15,639
- Gross operating margin -€5,292
down €5,292 (-5.2%), from €102,422 to €97,129
- Other operating charges +€1,095
up €1,095 (+171.3%), from €639 to €1,734
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 | €208,010 | €685,868 | +€477,858 | +229.7% |
| Fixed assets | 21/28 | €8,086 | €7,171 | -€915 | -11.3% |
| Tangible fixed assets | 22/27 | €8,086 | €7,171 | -€915 | -11.3% |
| Plant, machinery and equipment | 23 | €0 | €1,041 | +€1,041 | |
| Furniture and vehicles | 24 | €3,308 | €2,422 | -€886 | -26.8% |
| Other tangible fixed assets | 26 | €4,779 | €3,709 | -€1,070 | -22.4% |
| Current assets | 29/58 | €199,923 | €678,696 | +€478,773 | +239.5% |
| Stocks and contracts in progress | 3 | - | €475,279 | +€475,279 | |
| Stocks | 30/36 | - | €392,050 | +€392,050 | |
| Contracts in progress | 37 | - | €83,229 | +€83,229 | |
| Amounts receivable within one year | 40/41 | €104,322 | €60,618 | -€43,704 | -41.9% |
| Trade receivables | 40 | €91,573 | €50,618 | -€40,955 | -44.7% |
| Other amounts receivable | 41 | €12,749 | €10,000 | -€2,749 | -21.6% |
| Current investments | 50/53 | €51,020 | €63,956 | +€12,936 | +25.4% |
| Cash at bank and in hand | 54/58 | €38,468 | €76,208 | +€37,740 | +98.1% |
| Deferred charges and accrued income | 490/1 | €6,114 | €2,635 | -€3,479 | -56.9% |
| Total equity and liabilities | 10/49 | €208,010 | €685,868 | +€477,858 | +229.7% |
| Equity | 10/15 | €130,268 | €165,919 | +€35,650 | +27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,668 | €147,319 | +€35,650 | +31.9% |
| Distributable reserves | 133 | €111,668 | €147,319 | +€35,650 | +31.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €77,742 | €519,949 | +€442,208 | +568.8% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,409 | €489,616 | +€442,208 | +932.8% |
| Financial debts | 43 | - | €437,519 | +€437,519 | |
| Credit institutions | 430/8 | - | €437,519 | +€437,519 | |
| Trade debts | 44 | €24,839 | €20,046 | -€4,793 | -19.3% |
| Suppliers | 440/4 | €24,839 | €20,046 | -€4,793 | -19.3% |
| Taxes, remuneration and social security | 45 | €16,169 | €25,614 | +€9,445 | +58.4% |
| Taxes | 450/3 | €11,319 | €21,064 | +€9,745 | +86.1% |
| Remuneration and social security | 454/9 | €4,850 | €4,550 | -€300 | -6.2% |
| Other amounts payable | 47/48 | €6,401 | €6,437 | +€37 | +0.6% |
| Accrued charges and deferred income | 492/3 | €333 | €333 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,556 | €2,006 | +€450 | +28.9% |
| Other operating charges | 640/8 | €639 | €1,734 | +€1,095 | +171.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €102,422 | €97,129 | -€5,292 | -5.2% |
| Operating profit (loss) | 9901 | €100,226 | €93,389 | -€6,837 | -6.8% |
| Financial income | 75/76B | €172 | €490 | +€317 | +184.1% |
| Recurring financial income | 75 | €172 | €490 | +€317 | +184.1% |
| Financial charges | 65/66B | €6,251 | €42,590 | +€36,339 | +581.4% |
| Recurring financial charges | 65 | €6,251 | €42,590 | +€36,339 | +581.4% |
| Profit (loss) for the period before taxes | 9903 | €94,148 | €51,289 | -€42,859 | -45.5% |
| Income taxes | 67/77 | €21,316 | €15,639 | -€5,677 | -26.6% |
| Profit (loss) for the period | 9904 | €72,832 | €35,650 | -€37,182 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,832 | €35,650 | -€37,182 | -51.1% |
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 8 October 2026 via checked.be.