BRAIN VD: 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 VD
Largest movements
- Cash -€295,723
down €295,723 (-57.6%), from €513,787 to €218,063
mainly Contributions, distributions and other (-€285,000) and Other debts (-€219,173)
- Deferred charges and accrued income +€55,823
up €55,823 (+50.4%), from €110,814 to €166,637
- Receivables within one year +€9,716
up €9,716 (+127.1%), from €7,643 to €17,359
of which Trade receivables: +€9,672
- Other debts -€219,173
down €219,173 (-51.8%), from €423,362 to €204,188
- Tax, wage and social debts -€13,549
down €13,549 (-11.3%), from €120,000 to €106,451
- Gross operating margin +€78,690
up €78,690 (+24.0%), from €327,633 to €406,324
- Taxes +€29,702
up €29,702 (+37.6%), from €78,999 to €108,701
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 | €703,064 | €469,463 | -€233,601 | -33.2% |
| Fixed assets | 21/28 | €43,757 | €40,159 | -€3,598 | -8.2% |
| Tangible fixed assets | 22/27 | €43,757 | €40,159 | -€3,598 | -8.2% |
| Land and buildings | 22 | €26,760 | €27,796 | +€1,036 | +3.9% |
| Plant, machinery and equipment | 23 | €1,460 | €5,501 | +€4,041 | +276.8% |
| Furniture and vehicles | 24 | €15,537 | €6,862 | -€8,675 | -55.8% |
| Current assets | 29/58 | €659,307 | €429,304 | -€230,003 | -34.9% |
| Amounts receivable within one year | 40/41 | €7,643 | €17,359 | +€9,716 | +127.1% |
| Trade receivables | 40 | €7,643 | €17,315 | +€9,672 | +126.5% |
| Other amounts receivable | 41 | - | €44 | +€44 | |
| Current investments | 50/53 | €27,063 | €27,244 | +€181 | +0.7% |
| Cash at bank and in hand | 54/58 | €513,787 | €218,063 | -€295,723 | -57.6% |
| Deferred charges and accrued income | 490/1 | €110,814 | €166,637 | +€55,823 | +50.4% |
| Total equity and liabilities | 10/49 | €703,064 | €469,463 | -€233,601 | -33.2% |
| Equity | 10/15 | €158,000 | €158,781 | +€780 | +0.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €93,462 | €93,462 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,462 | - | -€93,462 | |
| Distributable reserves | 133 | - | €93,462 | +€93,462 | |
| Profit (loss) carried forward | 14 | €62,538 | €63,319 | +€780 | +1.2% |
| Amounts payable | 17/49 | €545,063 | €310,682 | -€234,381 | -43.0% |
| Amounts payable within one year | 42/48 | €545,063 | €310,682 | -€234,381 | -43.0% |
| Trade debts | 44 | €1,702 | €43 | -€1,659 | -97.5% |
| Suppliers | 440/4 | €1,702 | €43 | -€1,659 | -97.5% |
| Taxes, remuneration and social security | 45 | €120,000 | €106,451 | -€13,549 | -11.3% |
| Taxes | 450/3 | €120,000 | €106,451 | -€13,549 | -11.3% |
| Other amounts payable | 47/48 | €423,362 | €204,188 | -€219,173 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,667 | €11,846 | +€179 | +1.5% |
| Other operating charges | 640/8 | €412 | €1,056 | +€644 | +156.1% |
| Gross operating margin | 9900 | €327,633 | €406,324 | +€78,690 | +24.0% |
| Operating profit (loss) | 9901 | €315,554 | €393,422 | +€77,868 | +24.7% |
| Financial income | 75/76B | €5,836 | €2,278 | -€3,558 | -61.0% |
| Recurring financial income | 75 | €5,836 | €2,278 | -€3,558 | -61.0% |
| Financial charges | 65/66B | €388 | €1,219 | +€831 | +214.0% |
| Recurring financial charges | 65 | €388 | €1,219 | +€831 | +214.0% |
| Profit (loss) for the period before taxes | 9903 | €321,002 | €394,481 | +€73,480 | +22.9% |
| Income taxes | 67/77 | €78,999 | €108,701 | +€29,702 | +37.6% |
| Profit (loss) for the period | 9904 | €242,003 | €285,780 | +€43,778 | +18.1% |
| Transfer from tax-exempt reserves | 789 | - | €93,462 | +€93,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €242,003 | €379,242 | +€137,240 | +56.7% |
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 8 October 2026 via checked.be.