Brain² Holding: 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.
What changed
Brain² Holding
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€115,540
2024 · -€513,763+€398,223
Equity
€10.0m
2024 · €10.1m-€115,540
Cash
€104,385
2024 · €296,476-€192,091
Balance sheet total
€21.4m
2024 · €21.6m-€184,105
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€8.6m
down €8.6m (-81.1%), from €10.6m to €2.0m
- Current portion of long-term debt +€5.5m
up €5.5m (+800.0%), from €691,667 to €6.2m
- Short-term financial debts +€2.9m
new in 2025: €2.9m
Income statement
- Financial income +€267,359
up €267,359 (+819.1%), from €32,641 to €300,000
- Turnover +€115,494
up €115,494 (+9.0%), from €1.3m to €1.4m
- Financial charges -€95,539
down €95,539 (-15.7%), from €608,455 to €512,916
- Services and other goods +€79,598
up €79,598 (+6.5%), from €1.2m to €1.3m
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.
Result 2024
-€513,763
Turnover
+€115,494
Services and other goods
-€79,598
Other operating charges
-€571
Financial income
+€267,359
Financial charges
+€95,539
Result 2025
-€115,540
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.
From operations
-€25,424
Investment
€0
Financing
-€166,667
Cash 2024
€296,476
From operations (derived)
-€25,424
Net result for the year
-€115,540
Smaller working-capital items
-€4,737
Trade debts
+€45,341
Accrued charges and deferred income
+€49,511
Financing
-€166,667
Debts after one year
-€8.6m
Current portion of long-term debt
+€5.5m
Short-term financial debts
+€2.9m
Cash 2025
€104,385
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,619,710 | €21,435,605 | -€184,105 | -0.9% |
| Fixed assets | 21/28 | €21,000,000 | €21,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €21,000,000 | €21,000,000 | = | 0.0% |
| Affiliated companies | 280/1 | €21,000,000 | €21,000,000 | = | 0.0% |
| Participating interests | 280 | €21,000,000 | €21,000,000 | = | 0.0% |
| Current assets | 29/58 | €619,710 | €435,605 | -€184,105 | -29.7% |
| Amounts receivable within one year | 40/41 | €323,234 | €331,220 | +€7,986 | +2.5% |
| Trade receivables | 40 | €298,023 | €331,220 | +€33,197 | +11.1% |
| Other amounts receivable | 41 | €25,211 | - | -€25,211 | |
| Cash at bank and in hand | 54/58 | €296,476 | €104,385 | -€192,091 | -64.8% |
| Total equity and liabilities | 10/49 | €21,619,710 | €21,435,605 | -€184,105 | -0.9% |
| Equity | 10/15 | €10,072,037 | €9,956,497 | -€115,540 | -1.1% |
| Contributions | 10/11 | €10,274,000 | €10,274,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,963 | -€317,503 | -€115,540 | -57.2% |
| Amounts payable | 17/49 | €11,547,673 | €11,479,108 | -€68,565 | -0.6% |
| Amounts payable after more than one year | 17 | €10,578,425 | €2,000,000 | -€8.6m | -81.1% |
| Financial debts | 170/4 | €10,578,425 | €2,000,000 | -€8.6m | -81.1% |
| Credit institutions | 173 | €6,225,000 | - | -€6.2m | |
| Other loans | 174 | €4,353,425 | €2,000,000 | -€2.4m | -54.1% |
| Amounts payable within one year | 42/48 | €936,410 | €9,396,759 | +€8.5m | +903.5% |
| Current portion of amounts payable after more than one year | 42 | €691,667 | €6,225,000 | +€5.5m | +800.0% |
| Financial debts | 43 | - | €2,878,425 | +€2.9m | |
| Other loans | 439 | - | €2,878,425 | +€2.9m | |
| Trade debts | 44 | €244,743 | €290,085 | +€45,341 | +18.5% |
| Suppliers | 440/4 | €244,743 | €290,085 | +€45,341 | +18.5% |
| Taxes, remuneration and social security | 45 | - | €3,249 | +€3,249 | |
| Taxes | 450/3 | - | €3,249 | +€3,249 | |
| Accrued charges and deferred income | 492/3 | €32,838 | €82,349 | +€49,511 | +150.8% |
| Operating income | 70/76A | €1,282,300 | €1,397,794 | +€115,494 | +9.0% |
| Turnover | 70 | €1,282,300 | €1,397,794 | +€115,494 | +9.0% |
| Operating charges | 60/66A | €1,220,249 | €1,300,418 | +€80,169 | +6.6% |
| Services and other goods | 61 | €1,219,776 | €1,299,374 | +€79,598 | +6.5% |
| Other operating charges | 640/8 | €473 | €1,044 | +€571 | +120.7% |
| Operating profit (loss) | 9901 | €62,051 | €97,376 | +€35,325 | +56.9% |
| Financial income | 75/76B | €32,641 | €300,000 | +€267,359 | +819.1% |
| Recurring financial income | 75 | €32,641 | €300,000 | +€267,359 | +819.1% |
| Income from financial fixed assets | 750 | - | €300,000 | +€300,000 | |
| Other financial income | 752/9 | €32,641 | - | -€32,641 | |
| Financial charges | 65/66B | €608,455 | €512,916 | -€95,539 | -15.7% |
| Recurring financial charges | 65 | €608,455 | €512,916 | -€95,539 | -15.7% |
| Debt charges | 650 | €608,455 | €512,238 | -€96,217 | -15.8% |
| Other financial charges | 652/9 | - | €678 | +€678 | |
| Profit (loss) for the period before taxes | 9903 | -€513,763 | -€115,540 | +€398,223 | +77.5% |
| Profit (loss) for the period | 9904 | -€513,763 | -€115,540 | +€398,223 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€513,763 | -€115,540 | +€398,223 | +77.5% |
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 9 October 2026 via checked.be.