BRAIN CAPITAL BEHEER: what changed
BRAIN CAPITAL BEHEER
Largest movements
- Receivables within one year +€370,150
up €370,150 (+57.9%), from €639,621 to €1.0m
of which Other amounts receivable: +€373,134
- Receivables after one year -€289,950
down €289,950 (-35.7%), from €811,969 to €522,019
of which Other amounts receivable: -€289,950
- Cash +€121,433
up €121,433 (+133%), from €91,419 to €212,852
mainly Receivables after one year (+€289,950) and Net result for the year (+€223,453)
- Tangible fixed assets -€56,662
down €56,662 (-4.8%), from €1.2m to €1.1m
of which Land and buildings: -€34,012
- Profit (loss) carried forward +€223,453
up €223,453 (+15.4%), from €1.5m to €1.7m
- Debts after one year -€85,513
down €85,513 (-7.7%), from €1.1m to €1.0m
- Financial income +€62,806
up €62,806 (+43.5%), from €144,349 to €207,154
- Gross operating margin -€35,582
down €35,582 (-21.4%), from €165,907 to €130,326
- Taxes -€4,652
down €4,652 (-12.9%), from €36,036 to €31,384
- Depreciation -€3,372
down €3,372 (-5.4%), from €62,334 to €58,961
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,244,357 | €3,396,044 | +€151,686 | +4.7% |
| Fixed assets | 21/28 | €1,655,259 | €1,598,596 | -€56,662 | -3.4% |
| Tangible fixed assets | 22/27 | €1,172,700 | €1,116,038 | -€56,662 | -4.8% |
| Land and buildings | 22 | €1,111,014 | €1,077,002 | -€34,012 | -3.1% |
| Plant, machinery and equipment | 23 | €58,145 | €37,719 | -€20,426 | -35.1% |
| Furniture and vehicles | 24 | €3,540 | €1,316 | -€2,224 | -62.8% |
| Financial fixed assets | 28 | €482,559 | €482,559 | = | 0.0% |
| Current assets | 29/58 | €1,589,099 | €1,797,447 | +€208,349 | +13.1% |
| Amounts receivable after more than one year | 29 | €811,969 | €522,019 | -€289,950 | -35.7% |
| Trade receivables | 290 | €331,969 | €331,969 | = | 0.0% |
| Other amounts receivable | 291 | €480,000 | €190,050 | -€289,950 | -60.4% |
| Amounts receivable within one year | 40/41 | €639,621 | €1,009,771 | +€370,150 | +57.9% |
| Trade receivables | 40 | €5,266 | €2,282 | -€2,984 | -56.7% |
| Other amounts receivable | 41 | €634,355 | €1,007,489 | +€373,134 | +58.8% |
| Cash at bank and in hand | 54/58 | €91,419 | €212,852 | +€121,433 | +133% |
| Deferred charges and accrued income | 490/1 | €46,090 | €52,806 | +€6,716 | +14.6% |
| Total equity and liabilities | 10/49 | €3,244,357 | €3,396,044 | +€151,686 | +4.7% |
| Equity | 10/15 | €1,990,803 | €2,214,256 | +€223,453 | +11.2% |
| Contributions | 10/11 | €18,555 | €18,555 | = | 0.0% |
| Reserves | 13 | €518,728 | €518,728 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €518,728 | €518,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,453,520 | €1,676,973 | +€223,453 | +15.4% |
| Amounts payable | 17/49 | €1,253,554 | €1,181,788 | -€71,767 | -5.7% |
| Amounts payable after more than one year | 17 | €1,109,434 | €1,023,921 | -€85,513 | -7.7% |
| Financial debts | 170/4 | €1,109,434 | €1,023,921 | -€85,513 | -7.7% |
| Amounts payable within one year | 42/48 | €144,120 | €157,867 | +€13,746 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €84,213 | €85,513 | +€1,300 | +1.5% |
| Trade debts | 44 | €653 | €4,851 | +€4,198 | +643% |
| Suppliers | 440/4 | €653 | €4,851 | +€4,198 | +643% |
| Taxes, remuneration and social security | 45 | €59,255 | €67,503 | +€8,248 | +13.9% |
| Taxes | 450/3 | €59,255 | €67,503 | +€8,248 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,334 | €58,961 | -€3,372 | -5.4% |
| Other operating charges | 640/8 | €5,207 | €5,463 | +€256 | +4.9% |
| Gross operating margin | 9900 | €165,907 | €130,326 | -€35,582 | -21.4% |
| Operating profit (loss) | 9901 | €98,366 | €65,901 | -€32,465 | -33.0% |
| Financial income | 75/76B | €144,349 | €207,154 | +€62,806 | +43.5% |
| Recurring financial income | 75 | €144,349 | €207,154 | +€62,806 | +43.5% |
| Financial charges | 65/66B | €19,315 | €18,218 | -€1,096 | -5.7% |
| Recurring financial charges | 65 | €19,315 | €18,218 | -€1,096 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €223,400 | €254,837 | +€31,437 | +14.1% |
| Income taxes | 67/77 | €36,036 | €31,384 | -€4,652 | -12.9% |
| Profit (loss) for the period | 9904 | €187,364 | €223,453 | +€36,089 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €187,364 | €223,453 | +€36,089 | +19.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.