Braingain: 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.
Braingain
Largest movements
- Receivables within one year -€17,998
down €17,998 (-70.0%), from €25,723 to €7,725
of which Trade receivables: -€13,270
- Tangible fixed assets -€7,973
down €7,973 (-16.3%), from €48,765 to €40,792
of which Furniture and vehicles: -€11,722
- Cash +€3,754
up €3,754 (+36.7%), from €10,242 to €13,996
mainly Receivables within one year (+€17,998) and Depreciation (+€13,386)
- Intangible fixed assets +€960
new in 2025: €960
- Profit (loss) carried forward -€14,271
down €14,271, from €2,180 to -€12,091
- Other debts -€7,499
down €7,499 (-49.4%), from €15,171 to €7,673
- Accrued charges and deferred income -€1,422
down €1,422 (-39.1%), from €3,638 to €2,217
- Trade debts +€1,160
up €1,160 (+904.3%), from €128 to €1,288
- Gross operating margin -€19,135
down €19,135 (-93.0%), from €20,573 to €1,438
- Depreciation +€3,631
up €3,631 (+37.2%), from €9,755 to €13,386
- Financial charges -€1,574
down €1,574 (-50.3%), from €3,131 to €1,557
- Taxes -€1,242
down €1,242 (-89.2%), from €1,392 to €150
- Other operating charges -€298
down €298 (-36.1%), from €827 to €529
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 | €86,109 | €64,623 | -€21,486 | -25.0% |
| Fixed assets | 21/28 | €48,765 | €41,752 | -€7,013 | -14.4% |
| Intangible fixed assets | 21 | - | €960 | +€960 | |
| Tangible fixed assets | 22/27 | €48,765 | €40,792 | -€7,973 | -16.3% |
| Plant, machinery and equipment | 23 | €1,347 | €3,659 | +€2,312 | +171.6% |
| Furniture and vehicles | 24 | €47,418 | €35,696 | -€11,722 | -24.7% |
| Other tangible fixed assets | 26 | - | €1,437 | +€1,437 | |
| Current assets | 29/58 | €37,344 | €22,871 | -€14,473 | -38.8% |
| Amounts receivable within one year | 40/41 | €25,723 | €7,725 | -€17,998 | -70.0% |
| Trade receivables | 40 | €17,387 | €4,118 | -€13,270 | -76.3% |
| Other amounts receivable | 41 | €8,336 | €3,608 | -€4,728 | -56.7% |
| Cash at bank and in hand | 54/58 | €10,242 | €13,996 | +€3,754 | +36.7% |
| Deferred charges and accrued income | 490/1 | €1,379 | €1,150 | -€229 | -16.6% |
| Total equity and liabilities | 10/49 | €86,109 | €64,623 | -€21,486 | -25.0% |
| Equity | 10/15 | €15,320 | €1,048 | -€14,271 | -93.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €12,140 | €12,140 | = | 0.0% |
| Distributable reserves | 133 | €12,140 | €12,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,180 | -€12,091 | -€14,271 | |
| Amounts payable | 17/49 | €70,790 | €63,575 | -€7,215 | -10.2% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,151 | €16,358 | -€5,793 | -26.2% |
| Trade debts | 44 | €128 | €1,288 | +€1,160 | +904.3% |
| Suppliers | 440/4 | €128 | €1,288 | +€1,160 | +904.3% |
| Taxes, remuneration and social security | 45 | €6,852 | €7,398 | +€546 | +8.0% |
| Taxes | 450/3 | €6,852 | €5,478 | -€1,374 | -20.1% |
| Remuneration and social security | 454/9 | - | €1,920 | +€1,920 | |
| Other amounts payable | 47/48 | €15,171 | €7,673 | -€7,499 | -49.4% |
| Accrued charges and deferred income | 492/3 | €3,638 | €2,217 | -€1,422 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,755 | €13,386 | +€3,631 | +37.2% |
| Other operating charges | 640/8 | €827 | €529 | -€298 | -36.1% |
| Non-recurring operating charges | 66A | - | €91 | +€91 | |
| Gross operating margin | 9900 | €20,573 | €1,438 | -€19,135 | -93.0% |
| Operating profit (loss) | 9901 | €9,990 | -€12,568 | -€22,558 | |
| Financial income | 75/76B | €24 | €4 | -€20 | -84.3% |
| Recurring financial income | 75 | €24 | €4 | -€20 | -84.3% |
| Financial charges | 65/66B | €3,131 | €1,557 | -€1,574 | -50.3% |
| Recurring financial charges | 65 | €3,131 | €1,557 | -€1,574 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €6,884 | -€14,121 | -€21,004 | |
| Income taxes | 67/77 | €1,392 | €150 | -€1,242 | -89.2% |
| Profit (loss) for the period | 9904 | €5,491 | -€14,271 | -€19,762 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,491 | -€14,271 | -€19,762 |
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.