BRAINBUILDING: 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.
BRAINBUILDING
Largest movements
- Receivables within one year +€73,522
up €73,522 (+98.7%), from €74,527 to €148,049
of which Other amounts receivable: +€67,639
- Tangible fixed assets -€18,581
down €18,581 (-15.3%), from €121,126 to €102,545
of which Land and buildings: -€15,876
- Deferred charges and accrued income +€10,159
up €10,159 (+31.8%), from €31,902 to €42,061
- Reserves +€77,807
up €77,807 (+38.0%), from €204,560 to €282,367
of which Distributable reserves: +€82,545
- Debts after one year -€19,552
down €19,552 (-10.8%), from €181,341 to €161,790
- Gross operating margin -€123,903
down €123,903 (-49.6%), from €249,920 to €126,017
- Taxes +€17,034
up €17,034 (+75.4%), from €22,607 to €39,641
- Other operating charges -€7,645
down €7,645 (-74.3%), from €10,288 to €2,643
- Financial charges -€2,994
down €2,994 (-29.1%), from €10,286 to €7,292
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.
Derived cash bridge
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 | €457,397 | €520,266 | +€62,869 | +13.7% |
| Fixed assets | 21/28 | €122,665 | €104,084 | -€18,581 | -15.1% |
| Tangible fixed assets | 22/27 | €121,126 | €102,545 | -€18,581 | -15.3% |
| Land and buildings | 22 | €111,355 | €95,479 | -€15,876 | -14.3% |
| Plant, machinery and equipment | 23 | €9,771 | €7,066 | -€2,705 | -27.7% |
| Financial fixed assets | 28 | €1,539 | €1,539 | = | 0.0% |
| Current assets | 29/58 | €334,732 | €416,182 | +€81,449 | +24.3% |
| Amounts receivable after more than one year | 29 | €117,674 | €117,674 | = | 0.0% |
| Other amounts receivable | 291 | €117,674 | €117,674 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,527 | €148,049 | +€73,522 | +98.7% |
| Trade receivables | 40 | €20,407 | €26,291 | +€5,884 | +28.8% |
| Other amounts receivable | 41 | €54,120 | €121,758 | +€67,639 | +125% |
| Cash at bank and in hand | 54/58 | €110,629 | €108,397 | -€2,232 | -2.0% |
| Deferred charges and accrued income | 490/1 | €31,902 | €42,061 | +€10,159 | +31.8% |
| Total equity and liabilities | 10/49 | €457,397 | €520,266 | +€62,869 | +13.7% |
| Equity | 10/15 | €211,410 | €289,217 | +€77,807 | +36.8% |
| Contributions | 10/11 | €6,850 | €6,850 | = | 0.0% |
| Reserves | 13 | €204,560 | €282,367 | +€77,807 | +38.0% |
| Tax-exempt reserves | 132 | €60,405 | €55,668 | -€4,738 | -7.8% |
| Distributable reserves | 133 | €144,155 | €226,699 | +€82,545 | +57.3% |
| Provisions and deferred taxes | 16 | €20,135 | €18,556 | -€1,579 | -7.8% |
| Deferred taxes | 168 | €20,135 | €18,556 | -€1,579 | -7.8% |
| Amounts payable | 17/49 | €225,852 | €212,493 | -€13,359 | -5.9% |
| Amounts payable after more than one year | 17 | €181,341 | €161,790 | -€19,552 | -10.8% |
| Financial debts | 170/4 | €181,341 | €161,790 | -€19,552 | -10.8% |
| Amounts payable within one year | 42/48 | €44,511 | €50,703 | +€6,193 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €17,525 | €18,265 | +€739 | +4.2% |
| Trade debts | 44 | €10,280 | €10,772 | +€492 | +4.8% |
| Suppliers | 440/4 | €10,280 | €10,772 | +€492 | +4.8% |
| Taxes, remuneration and social security | 45 | €14,388 | €19,349 | +€4,961 | +34.5% |
| Taxes | 450/3 | €14,388 | €19,349 | +€4,961 | +34.5% |
| Other amounts payable | 47/48 | €2,318 | €2,318 | = | 0.0% |
| Non-recurring operating income | 76A | €294,052 | €137,187 | -€156,865 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,950 | €9,768 | -€2,182 | -18.3% |
| Other operating charges | 640/8 | €10,288 | €2,643 | -€7,645 | -74.3% |
| Gross operating margin | 9900 | €249,920 | €126,017 | -€123,903 | -49.6% |
| Operating profit (loss) | 9901 | €227,682 | €113,606 | -€114,076 | -50.1% |
| Financial income | 75/76B | €8,235 | €9,555 | +€1,320 | +16.0% |
| Recurring financial income | 75 | €8,235 | €9,555 | +€1,320 | +16.0% |
| Financial charges | 65/66B | €10,286 | €7,292 | -€2,994 | -29.1% |
| Recurring financial charges | 65 | €10,286 | €7,292 | -€2,994 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €225,631 | €115,869 | -€109,762 | -48.6% |
| Transfer from deferred taxes | 780 | €2,400 | €1,579 | -€820 | -34.2% |
| Income taxes | 67/77 | €22,607 | €39,641 | +€17,034 | +75.4% |
| Profit (loss) for the period | 9904 | €205,423 | €77,807 | -€127,616 | -62.1% |
| Transfer from tax-exempt reserves | 789 | €7,199 | €4,738 | -€2,461 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €212,622 | €82,545 | -€130,077 | -61.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.