BRAIN AND HEART: 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.
BRAIN AND HEART
Largest movements
- Receivables within one year -€141,508
down €141,508 (-89.3%), from €158,445 to €16,937
of which Other amounts receivable: -€142,948
- Deferred charges and accrued income +€88,287
up €88,287 (+163.5%), from €53,986 to €142,273
- Tangible fixed assets +€12,577
up €12,577 (+510.1%), from €2,466 to €15,043
- Cash -€9,805
down €9,805 (-2.9%), from €337,767 to €327,961
mainly Contributions, distributions and other (-€460,473) and Deferred charges and accrued income (-€88,287)
- Tax, wage and social debts -€51,430
down €51,430 (-33.1%), from €155,254 to €103,823
- Taxes -€11,370
down €11,370 (-7.6%), from €149,600 to €138,230
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 | €552,663 | €502,214 | -€50,449 | -9.1% |
| Fixed assets | 21/28 | €2,466 | €15,043 | +€12,577 | +510.1% |
| Tangible fixed assets | 22/27 | €2,466 | €15,043 | +€12,577 | +510.1% |
| Furniture and vehicles | 24 | €2,466 | €15,043 | +€12,577 | +510.1% |
| Current assets | 29/58 | €550,198 | €487,171 | -€63,026 | -11.5% |
| Amounts receivable within one year | 40/41 | €158,445 | €16,937 | -€141,508 | -89.3% |
| Trade receivables | 40 | - | €1,440 | +€1,440 | |
| Other amounts receivable | 41 | €158,445 | €15,497 | -€142,948 | -90.2% |
| Cash at bank and in hand | 54/58 | €337,767 | €327,961 | -€9,805 | -2.9% |
| Deferred charges and accrued income | 490/1 | €53,986 | €142,273 | +€88,287 | +163.5% |
| Total equity and liabilities | 10/49 | €552,663 | €502,214 | -€50,449 | -9.1% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €550,663 | €500,214 | -€50,449 | -9.2% |
| Amounts payable within one year | 42/48 | €549,673 | €499,486 | -€50,188 | -9.1% |
| Trade debts | 44 | €1,923 | €2,456 | +€533 | +27.7% |
| Suppliers | 440/4 | €1,923 | €2,456 | +€533 | +27.7% |
| Taxes, remuneration and social security | 45 | €155,254 | €103,823 | -€51,430 | -33.1% |
| Taxes | 450/3 | €155,254 | €103,823 | -€51,430 | -33.1% |
| Other amounts payable | 47/48 | €392,497 | €393,207 | +€710 | +0.2% |
| Accrued charges and deferred income | 492/3 | €990 | €729 | -€261 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,049 | €5,644 | +€2,595 | +85.1% |
| Other operating charges | 640/8 | €2,973 | €3,398 | +€425 | +14.3% |
| Gross operating margin | 9900 | €613,661 | €610,593 | -€3,067 | -0.5% |
| Operating profit (loss) | 9901 | €607,638 | €601,551 | -€6,087 | -1.0% |
| Financial income | 75/76B | €5,794 | - | -€5,794 | |
| Recurring financial income | 75 | €5,794 | - | -€5,794 | |
| Financial charges | 65/66B | €2,072 | €2,848 | +€776 | +37.5% |
| Recurring financial charges | 65 | €2,072 | €2,848 | +€776 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €611,361 | €598,703 | -€12,657 | -2.1% |
| Income taxes | 67/77 | €149,600 | €138,230 | -€11,370 | -7.6% |
| Profit (loss) for the period | 9904 | €461,761 | €460,473 | -€1,288 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €461,761 | €460,473 | -€1,288 | -0.3% |
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 12 October 2026 via checked.be.