Brainbox: 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.
Brainbox
Largest movements
- Cash +€133,820
up €133,820 (+91.3%), from €146,576 to €280,396
mainly Net result for the year (+€137,402) and Depreciation (+€93,212)
- Tangible fixed assets -€79,953
down €79,953 (-10.4%), from €771,083 to €691,130
of which Land and buildings: -€75,782
- Stocks and contracts -€71,673
down €71,673 (-20.8%), from €345,278 to €273,605
- Current investments +€58,630
up €58,630 (+84.2%), from €69,660 to €128,290
- Receivables within one year -€32,308
down €32,308 (-34.1%), from €94,700 to €62,392
of which Other amounts receivable: -€21,527
- Advances received -€59,311
down €59,311 (-9.6%), from €619,527 to €560,216
- Trade debts +€37,784
up €37,784 (+25.9%), from €145,818 to €183,602
- Other debts +€37,600
up €37,600 (+38.6%), from €97,500 to €135,100
- Tax, wage and social debts -€19,562
down €19,562 (-39.9%), from €49,016 to €29,454
of which Taxes: -€18,223
- Staff costs -€79,890
down €79,890 (-34.8%), from €229,873 to €149,983
- Gross operating margin -€40,585
down €40,585 (-8.8%), from €460,197 to €419,611
- Taxes +€10,561
up €10,561 (+29.6%), from €35,698 to €46,259
- Financial charges -€9,373
down €9,373 (-54.8%), from €17,098 to €7,725
- Depreciation -€4,678
down €4,678 (-4.8%), from €97,890 to €93,212
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 | €1,552,255 | €1,543,104 | -€9,152 | -0.6% |
| Fixed assets | 21/28 | €800,322 | €708,333 | -€91,989 | -11.5% |
| Intangible fixed assets | 21 | €29,239 | €17,203 | -€12,036 | -41.2% |
| Tangible fixed assets | 22/27 | €771,083 | €691,130 | -€79,953 | -10.4% |
| Land and buildings | 22 | €760,040 | €684,258 | -€75,782 | -10.0% |
| Plant, machinery and equipment | 23 | €6,539 | €3,412 | -€3,127 | -47.8% |
| Furniture and vehicles | 24 | €4,504 | €3,460 | -€1,044 | -23.2% |
| Current assets | 29/58 | €751,933 | €834,771 | +€82,838 | +11.0% |
| Stocks and contracts in progress | 3 | €345,278 | €273,605 | -€71,673 | -20.8% |
| Stocks | 30/36 | €345,278 | €273,605 | -€71,673 | -20.8% |
| Amounts receivable within one year | 40/41 | €94,700 | €62,392 | -€32,308 | -34.1% |
| Trade receivables | 40 | €65,721 | €54,940 | -€10,781 | -16.4% |
| Other amounts receivable | 41 | €28,979 | €7,452 | -€21,527 | -74.3% |
| Current investments | 50/53 | €69,660 | €128,290 | +€58,630 | +84.2% |
| Cash at bank and in hand | 54/58 | €146,576 | €280,396 | +€133,820 | +91.3% |
| Deferred charges and accrued income | 490/1 | €95,719 | €90,088 | -€5,632 | -5.9% |
| Total equity and liabilities | 10/49 | €1,552,255 | €1,543,104 | -€9,152 | -0.6% |
| Equity | 10/15 | €640,395 | €634,732 | -€5,663 | -0.9% |
| Contributions | 10/11 | €31,086 | €31,086 | = | 0.0% |
| Reserves | 13 | €537,618 | €537,618 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500,000 | €500,000 | = | 0.0% |
| Financial assistance | 1313 | €500,000 | €500,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,618 | €37,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253 | €2,655 | +€2,402 | +949.0% |
| Investment grants | 15 | €71,437 | €63,373 | -€8,065 | -11.3% |
| Amounts payable | 17/49 | €911,860 | €908,371 | -€3,489 | -0.4% |
| Amounts payable within one year | 42/48 | €911,860 | €908,371 | -€3,489 | -0.4% |
| Trade debts | 44 | €145,818 | €183,602 | +€37,784 | +25.9% |
| Suppliers | 440/4 | €145,818 | €183,602 | +€37,784 | +25.9% |
| Advances received on contracts in progress | 46 | €619,527 | €560,216 | -€59,311 | -9.6% |
| Taxes, remuneration and social security | 45 | €49,016 | €29,454 | -€19,562 | -39.9% |
| Taxes | 450/3 | €27,252 | €9,030 | -€18,223 | -66.9% |
| Remuneration and social security | 454/9 | €21,763 | €20,424 | -€1,339 | -6.2% |
| Other amounts payable | 47/48 | €97,500 | €135,100 | +€37,600 | +38.6% |
| Remuneration, social security and pensions | 62 | €229,873 | €149,983 | -€79,890 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,890 | €93,212 | -€4,678 | -4.8% |
| Other operating charges | 640/8 | €21,968 | €22,801 | +€833 | +3.8% |
| Non-recurring operating charges | 66A | €464 | €1,552 | +€1,088 | +234.4% |
| Gross operating margin | 9900 | €460,197 | €419,611 | -€40,585 | -8.8% |
| Operating profit (loss) | 9901 | €110,002 | €152,064 | +€42,062 | +38.2% |
| Financial income | 75/76B | €40,040 | €39,321 | -€719 | -1.8% |
| Recurring financial income | 75 | €40,040 | €39,321 | -€719 | -1.8% |
| Financial charges | 65/66B | €17,098 | €7,725 | -€9,373 | -54.8% |
| Recurring financial charges | 65 | €17,098 | €7,725 | -€9,373 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | €132,944 | €183,661 | +€50,716 | +38.1% |
| Income taxes | 67/77 | €35,698 | €46,259 | +€10,561 | +29.6% |
| Profit (loss) for the period | 9904 | €97,246 | €137,402 | +€40,156 | +41.3% |
| Transfer from tax-exempt reserves | 789 | €8,430 | - | -€8,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,676 | €137,402 | +€31,726 | +30.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.