BELGIAN GALLERY BRUSSELS: 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.
BELGIAN GALLERY BRUSSELS
Largest movements
- Cash +€92,379
up €92,379 (+111%), from €83,110 to €175,489
mainly Net result for the year (+€70,771) and Tax, wage and social debts (+€16,606)
- Receivables within one year +€6,501
up €6,501 (+70.4%), from €9,235 to €15,735
of which Trade receivables: +€8,822
- Deferred charges and accrued income +€3,107
up €3,107 (+137%), from €2,263 to €5,369
- Tangible fixed assets -€2,166
down €2,166 (-90.6%), from €2,391 to €225
of which Plant, machinery and equipment: -€1,666
- Profit (loss) carried forward +€70,771
up €70,771 (+248%), from €28,577 to €99,347
- Tax, wage and social debts +€16,606
up €16,606 (+151%), from €11,012 to €27,618
of which Taxes: +€16,684
- Trade debts +€10,403
new in 2026: €10,403
- Other debts +€2,040
up €2,040 (+3.8%), from €53,736 to €55,776
- Gross operating margin +€90,991
up €90,991 (+942%), from €9,658 to €100,649
- Taxes +€26,926
up €26,926, from -€306 to €26,619
- Staff costs -€1,967
down €1,967 (-86.0%), from €2,286 to €319
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,324 | €203,144 | +€99,820 | +96.6% |
| Fixed assets | 21/28 | €8,716 | €6,550 | -€2,166 | -24.9% |
| Tangible fixed assets | 22/27 | €2,391 | €225 | -€2,166 | -90.6% |
| Plant, machinery and equipment | 23 | €1,666 | - | -€1,666 | |
| Other tangible fixed assets | 26 | €725 | €225 | -€500 | -68.9% |
| Financial fixed assets | 28 | €6,325 | €6,325 | = | 0.0% |
| Current assets | 29/58 | €94,608 | €196,594 | +€101,987 | +108% |
| Amounts receivable within one year | 40/41 | €9,235 | €15,735 | +€6,501 | +70.4% |
| Trade receivables | 40 | €6,378 | €15,200 | +€8,822 | +138% |
| Other amounts receivable | 41 | €2,857 | €535 | -€2,322 | -81.3% |
| Cash at bank and in hand | 54/58 | €83,110 | €175,489 | +€92,379 | +111% |
| Deferred charges and accrued income | 490/1 | €2,263 | €5,369 | +€3,107 | +137% |
| Total equity and liabilities | 10/49 | €103,324 | €203,144 | +€99,820 | +96.6% |
| Equity | 10/15 | €38,577 | €109,347 | +€70,771 | +183% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,577 | €99,347 | +€70,771 | +248% |
| Amounts payable | 17/49 | €64,748 | €93,797 | +€29,050 | +44.9% |
| Amounts payable within one year | 42/48 | €64,748 | €93,797 | +€29,050 | +44.9% |
| Trade debts | 44 | - | €10,403 | +€10,403 | |
| Suppliers | 440/4 | - | €10,403 | +€10,403 | |
| Taxes, remuneration and social security | 45 | €11,012 | €27,618 | +€16,606 | +151% |
| Taxes | 450/3 | €10,934 | €27,618 | +€16,684 | +153% |
| Remuneration and social security | 454/9 | €77 | - | -€77 | |
| Other amounts payable | 47/48 | €53,736 | €55,776 | +€2,040 | +3.8% |
| Remuneration, social security and pensions | 62 | €2,286 | €319 | -€1,967 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,599 | €2,166 | -€432 | -16.6% |
| Other operating charges | 640/8 | €573 | €548 | -€24 | -4.2% |
| Gross operating margin | 9900 | €9,658 | €100,649 | +€90,991 | +942% |
| Operating profit (loss) | 9901 | €4,200 | €97,615 | +€93,415 | +2,224% |
| Financial income | 75/76B | €1 | €1 | -€1 | -44.5% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -44.5% |
| Financial charges | 65/66B | €230 | €226 | -€3 | -1.5% |
| Recurring financial charges | 65 | €230 | €226 | -€3 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €3,972 | €97,390 | +€93,418 | +2,352% |
| Income taxes | 67/77 | -€306 | €26,619 | +€26,926 | |
| Profit (loss) for the period | 9904 | €4,279 | €70,771 | +€66,492 | +1,554% |
| Profit (loss) for the period to be appropriated | 9905 | €4,279 | €70,771 | +€66,492 | +1,554% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.