Brain@Trust: 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@Trust
Largest movements
- Tangible fixed assets -€43,338
down €43,338 (-19.8%), from €219,224 to €175,886
- Cash -€16,112
down €16,112 (-99.8%), from €16,139 to €27
mainly Net result for the year (-€56,533) and Receivables within one year (-€9,354)
- Receivables within one year +€9,354
up €9,354 (+77.8%), from €12,029 to €21,383
of which Other amounts receivable: +€12,923
- Profit (loss) carried forward -€56,533
down €56,533 (-22.6%), from -€249,888 to -€306,421
- Other debts +€8,272
up €8,272 (+3.4%), from €243,381 to €251,653
- Gross operating margin -€18,856
down €18,856, from €13,196 to -€5,660
- Depreciation -€9,224
down €9,224 (-17.5%), from €52,561 to €43,338
- Other operating charges +€6,174
up €6,174 (+567.8%), from €1,087 to €7,262
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 | €247,392 | €197,296 | -€50,096 | -20.2% |
| Fixed assets | 21/28 | €219,224 | €175,886 | -€43,338 | -19.8% |
| Tangible fixed assets | 22/27 | €219,224 | €175,886 | -€43,338 | -19.8% |
| Plant, machinery and equipment | 23 | €219,224 | €175,886 | -€43,338 | -19.8% |
| Current assets | 29/58 | €28,168 | €21,410 | -€6,758 | -24.0% |
| Amounts receivable within one year | 40/41 | €12,029 | €21,383 | +€9,354 | +77.8% |
| Trade receivables | 40 | €3,570 | €0 | -€3,570 | -100.0% |
| Other amounts receivable | 41 | €8,460 | €21,383 | +€12,923 | +152.8% |
| Cash at bank and in hand | 54/58 | €16,139 | €27 | -€16,112 | -99.8% |
| Total equity and liabilities | 10/49 | €247,392 | €197,296 | -€50,096 | -20.2% |
| Equity | 10/15 | €112 | -€56,421 | -€56,533 | |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€249,888 | -€306,421 | -€56,533 | -22.6% |
| Amounts payable | 17/49 | €247,280 | €253,717 | +€6,437 | +2.6% |
| Amounts payable within one year | 42/48 | €246,893 | €253,317 | +€6,425 | +2.6% |
| Trade debts | 44 | €3,512 | €1,353 | -€2,159 | -61.5% |
| Suppliers | 440/4 | €3,512 | €1,353 | -€2,159 | -61.5% |
| Taxes, remuneration and social security | 45 | - | €312 | +€312 | |
| Taxes | 450/3 | - | €312 | +€312 | |
| Other amounts payable | 47/48 | €243,381 | €251,653 | +€8,272 | +3.4% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,561 | €43,338 | -€9,224 | -17.5% |
| Other operating charges | 640/8 | €1,087 | €7,262 | +€6,174 | +567.8% |
| Gross operating margin | 9900 | €13,196 | -€5,660 | -€18,856 | |
| Operating profit (loss) | 9901 | -€40,453 | -€56,260 | -€15,807 | -39.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €94 | €208 | +€114 | +120.3% |
| Recurring financial charges | 65 | €94 | €208 | +€114 | +120.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,547 | -€56,468 | -€15,920 | -39.3% |
| Income taxes | 67/77 | - | €65 | +€65 | |
| Profit (loss) for the period | 9904 | -€40,547 | -€56,533 | -€15,985 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,547 | -€56,533 | -€15,985 | -39.4% |
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.