BRAINACTIVITY: 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.
BRAINACTIVITY
Largest movements
- Cash -€1.9m
down €1.9m (-69.0%), from €2.7m to €845,296
mainly Other debts (-€1.4m) and Receivables within one year (-€434,714)
- Receivables within one year +€434,714
up €434,714 (+194.1%), from €223,949 to €658,663
of which Other amounts receivable: +€503,899
- Tangible fixed assets -€110,758
down €110,758 (-2.5%), from €4.4m to €4.3m
- Other debts -€1.4m
down €1.4m (-31.6%), from €4.5m to €3.1m
- Profit (loss) carried forward +€388,686
up €388,686 (+17.8%), from -€2.2m to -€1.8m
- Debts after one year -€319,673
down €319,673 (-15.8%), from €2.0m to €1.7m
- Trade debts -€103,164
down €103,164 (-46.7%), from €220,786 to €117,622
- Gross operating margin +€68,377
up €68,377 (+11.8%), from €581,709 to €650,086
- Financial charges -€56,619
down €56,619 (-39.2%), from €144,611 to €87,992
- Depreciation -€46,108
down €46,108 (-29.4%), from €156,866 to €110,758
- Other operating charges +€21,262
up €21,262 (+51.3%), from €41,420 to €62,682
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 | €7,383,052 | €5,823,890 | -€1.6m | -21.1% |
| Fixed assets | 21/28 | €4,430,689 | €4,319,931 | -€110,758 | -2.5% |
| Tangible fixed assets | 22/27 | €4,430,689 | €4,319,931 | -€110,758 | -2.5% |
| Land and buildings | 22 | €4,430,689 | €4,319,931 | -€110,758 | -2.5% |
| Current assets | 29/58 | €2,952,363 | €1,503,959 | -€1.4m | -49.1% |
| Amounts receivable within one year | 40/41 | €223,949 | €658,663 | +€434,714 | +194.1% |
| Trade receivables | 40 | €192,651 | €123,465 | -€69,186 | -35.9% |
| Other amounts receivable | 41 | €31,298 | €535,198 | +€503,899 | +1610.0% |
| Cash at bank and in hand | 54/58 | €2,728,414 | €845,296 | -€1.9m | -69.0% |
| Total equity and liabilities | 10/49 | €7,383,052 | €5,823,890 | -€1.6m | -21.1% |
| Equity | 10/15 | €245,811 | €634,497 | +€388,686 | +158.1% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Capital | 10 | €950,000 | €950,000 | = | 0.0% |
| Issued capital | 100 | €950,000 | €950,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,475,824 | €1,475,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,180,013 | -€1,791,327 | +€388,686 | +17.8% |
| Amounts payable | 17/49 | €7,137,241 | €5,189,393 | -€1.9m | -27.3% |
| Amounts payable after more than one year | 17 | €2,029,528 | €1,709,855 | -€319,673 | -15.8% |
| Financial debts | 170/4 | €2,029,528 | €1,709,855 | -€319,673 | -15.8% |
| Amounts payable within one year | 42/48 | €5,056,076 | €3,473,988 | -€1.6m | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €368,178 | €302,600 | -€65,579 | -17.8% |
| Trade debts | 44 | €220,786 | €117,622 | -€103,164 | -46.7% |
| Suppliers | 440/4 | €220,786 | €117,622 | -€103,164 | -46.7% |
| Other amounts payable | 47/48 | €4,467,112 | €3,053,766 | -€1.4m | -31.6% |
| Accrued charges and deferred income | 492/3 | €51,637 | €5,550 | -€46,087 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,866 | €110,758 | -€46,108 | -29.4% |
| Other operating charges | 640/8 | €41,420 | €62,682 | +€21,262 | +51.3% |
| Non-recurring operating charges | 66A | - | €4,368 | +€4,368 | |
| Gross operating margin | 9900 | €581,709 | €650,086 | +€68,377 | +11.8% |
| Operating profit (loss) | 9901 | €383,423 | €472,278 | +€88,855 | +23.2% |
| Financial income | 75/76B | €6,448 | €4,400 | -€2,048 | -31.8% |
| Recurring financial income | 75 | €6,448 | €4,400 | -€2,048 | -31.8% |
| Financial charges | 65/66B | €144,611 | €87,992 | -€56,619 | -39.2% |
| Recurring financial charges | 65 | €144,611 | €87,992 | -€56,619 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €245,260 | €388,686 | +€143,426 | +58.5% |
| Income taxes | 67/77 | €1,803 | €0 | -€1,803 | -100.0% |
| Profit (loss) for the period | 9904 | €243,457 | €388,686 | +€145,229 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €243,457 | €388,686 | +€145,229 | +59.7% |
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 10 October 2026 via checked.be.