BRAIN4S: what changed
BRAIN4S
Largest movements
- Receivables after one year +€100,000
new in 2025: €100,000
- Receivables within one year -€24,195
down €24,195 (-28.7%), from €84,383 to €60,188
of which Trade receivables: -€29,008
- Cash -€23,896
down €23,896 (-34.9%), from €68,526 to €44,630
mainly Receivables after one year (-€100,000) and Investment in fixed assets (net) (-€11,528)
- Tangible fixed assets -€5,945
down €5,945 (-19.9%), from €29,859 to €23,914
of which Furniture and vehicles: -€10,568
- Deferred charges and accrued income -€2,671
down €2,671 (-32.5%), from €8,215 to €5,544
- Reserves +€55,358
up €55,358 (+30.2%), from €183,329 to €238,687
- Tax, wage and social debts -€7,437
down €7,437 (-30.8%), from €24,122 to €16,685
of which Taxes: -€7,437
- Current portion of long-term debt -€4,758
down €4,758 (-100%), from €4,758 to €0
- Gross operating margin -€15,871
down €15,871 (-14.4%), from €110,371 to €94,500
- Taxes -€4,454
down €4,454 (-16.9%), from €26,386 to €21,932
- Financial income +€1,462
up €1,462 (+2,172%), from €67 to €1,530
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,382 | €263,676 | +€43,293 | +19.6% |
| Fixed assets | 21/28 | €59,259 | €53,314 | -€5,945 | -10.0% |
| Tangible fixed assets | 22/27 | €29,859 | €23,914 | -€5,945 | -19.9% |
| Plant, machinery and equipment | 23 | €195 | €4,817 | +€4,623 | +2,375% |
| Furniture and vehicles | 24 | €29,664 | €19,096 | -€10,568 | -35.6% |
| Financial fixed assets | 28 | €29,400 | €29,400 | = | 0.0% |
| Current assets | 29/58 | €161,123 | €210,362 | +€49,239 | +30.6% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €84,383 | €60,188 | -€24,195 | -28.7% |
| Trade receivables | 40 | €83,232 | €54,224 | -€29,008 | -34.9% |
| Other amounts receivable | 41 | €1,151 | €5,964 | +€4,813 | +418% |
| Cash at bank and in hand | 54/58 | €68,526 | €44,630 | -€23,896 | -34.9% |
| Deferred charges and accrued income | 490/1 | €8,215 | €5,544 | -€2,671 | -32.5% |
| Total equity and liabilities | 10/49 | €220,382 | €263,676 | +€43,293 | +19.6% |
| Equity | 10/15 | €189,886 | €245,245 | +€55,358 | +29.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €183,329 | €238,687 | +€55,358 | +30.2% |
| Distributable reserves | 133 | €183,329 | €238,687 | +€55,358 | +30.2% |
| Profit (loss) carried forward | 14 | €357 | €357 | = | 0.0% |
| Amounts payable | 17/49 | €30,496 | €18,431 | -€12,065 | -39.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €30,148 | €18,121 | -€12,027 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €4,758 | €0 | -€4,758 | -100% |
| Financial debts | 43 | €205 | €0 | -€205 | -100% |
| Credit institutions | 430/8 | €205 | €0 | -€205 | -100% |
| Trade debts | 44 | €1,064 | €1,436 | +€372 | +35.0% |
| Suppliers | 440/4 | €1,064 | €1,436 | +€372 | +35.0% |
| Taxes, remuneration and social security | 45 | €24,122 | €16,685 | -€7,437 | -30.8% |
| Taxes | 450/3 | €24,122 | €16,685 | -€7,437 | -30.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €348 | €310 | -€38 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,440 | €17,473 | +€33 | +0.2% |
| Other operating charges | 640/8 | €767 | €691 | -€76 | -10.0% |
| Gross operating margin | 9900 | €110,371 | €94,500 | -€15,871 | -14.4% |
| Operating profit (loss) | 9901 | €92,165 | €76,336 | -€15,828 | -17.2% |
| Financial income | 75/76B | €67 | €1,530 | +€1,462 | +2,172% |
| Recurring financial income | 75 | €67 | €1,530 | +€1,462 | +2,172% |
| Financial charges | 65/66B | €689 | €575 | -€114 | -16.5% |
| Recurring financial charges | 65 | €689 | €575 | -€114 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €91,543 | €77,291 | -€14,252 | -15.6% |
| Income taxes | 67/77 | €26,386 | €21,932 | -€4,454 | -16.9% |
| Profit (loss) for the period | 9904 | €65,156 | €55,358 | -€9,798 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,156 | €55,358 | -€9,798 | -15.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.