BRAIN E-MANAGEMENT: 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.
BRAIN E-MANAGEMENT
Largest movements
- Tangible fixed assets -€16,646
down €16,646 (-3.2%), from €519,763 to €503,117
- Debts after one year -€29,538
down €29,538 (-9.8%), from €301,599 to €272,060
- Other debts +€20,000
up €20,000 (+11.0%), from €181,692 to €201,692
- Profit (loss) carried forward -€9,877
down €9,877, from €8,560 to -€1,317
- Gross operating margin -€4,837
down €4,837 (-20.9%), from €23,154 to €18,317
- Financial charges -€663
down €663 (-8.1%), from €8,220 to €7,557
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 | €527,510 | €509,080 | -€18,430 | -3.5% |
| Fixed assets | 21/28 | €519,763 | €503,117 | -€16,646 | -3.2% |
| Tangible fixed assets | 22/27 | €519,763 | €503,117 | -€16,646 | -3.2% |
| Land and buildings | 22 | €519,763 | €503,117 | -€16,646 | -3.2% |
| Current assets | 29/58 | €7,747 | €5,963 | -€1,784 | -23.0% |
| Amounts receivable within one year | 40/41 | €6 | - | -€6 | |
| Trade receivables | 40 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €7,597 | €5,816 | -€1,781 | -23.4% |
| Deferred charges and accrued income | 490/1 | €144 | €148 | +€3 | +2.4% |
| Total equity and liabilities | 10/49 | €527,510 | €509,080 | -€18,430 | -3.5% |
| Equity | 10/15 | €15,366 | €5,489 | -€9,877 | -64.3% |
| Contributions | 10/11 | €6,806 | €6,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,560 | -€1,317 | -€9,877 | |
| Amounts payable | 17/49 | €512,144 | €503,591 | -€8,553 | -1.7% |
| Amounts payable after more than one year | 17 | €301,599 | €272,060 | -€29,538 | -9.8% |
| Financial debts | 170/4 | €301,599 | €272,060 | -€29,538 | -9.8% |
| Amounts payable within one year | 42/48 | €210,545 | €231,531 | +€20,985 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €28,853 | €29,538 | +€685 | +2.4% |
| Trade debts | 44 | - | €300 | +€300 | |
| Suppliers | 440/4 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €181,692 | €201,692 | +€20,000 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,646 | €16,646 | = | 0.0% |
| Other operating charges | 640/8 | €3,874 | €3,992 | +€118 | +3.0% |
| Gross operating margin | 9900 | €23,154 | €18,317 | -€4,837 | -20.9% |
| Operating profit (loss) | 9901 | €2,634 | -€2,320 | -€4,954 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,220 | €7,557 | -€663 | -8.1% |
| Recurring financial charges | 65 | €8,220 | €7,557 | -€663 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,586 | -€9,877 | -€4,291 | -76.8% |
| Profit (loss) for the period | 9904 | -€5,586 | -€9,877 | -€4,291 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,586 | -€9,877 | -€4,291 | -76.8% |
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 1 October 2026 via checked.be.