BRAINPOOL: 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.
BRAINPOOL
Largest movements
- Receivables within one year +€71,624
up €71,624 (+76.2%), from €93,994 to €165,618
of which Trade receivables: +€62,228
- Cash +€13,793
up €13,793 (+13.7%), from €100,635 to €114,429
mainly Net result for the year (+€99,244) and Trade debts (+€35,712)
- Profit (loss) carried forward +€52,185
up €52,185 (+46.6%), from €111,945 to €164,131
- Trade debts +€35,712
up €35,712 (+56.5%), from €63,204 to €98,916
- Tax, wage and social debts -€4,294
down €4,294 (-50.5%), from €8,497 to €4,202
- Gross operating margin +€133,272
up €133,272 (+2198.7%), from €6,061 to €139,333
- Taxes +€34,530
up €34,530 (+11295.7%), from €306 to €34,836
- Depreciation -€9,682
down €9,682 (-69.7%), from €13,892 to €4,211
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 | €204,106 | €287,708 | +€83,603 | +41.0% |
| Fixed assets | 21/28 | €6,801 | €4,957 | -€1,844 | -27.1% |
| Tangible fixed assets | 22/27 | €6,463 | €4,619 | -€1,844 | -28.5% |
| Plant, machinery and equipment | 23 | €1,432 | €602 | -€829 | -57.9% |
| Furniture and vehicles | 24 | €5,032 | €4,017 | -€1,015 | -20.2% |
| Financial fixed assets | 28 | €338 | €338 | = | 0.0% |
| Current assets | 29/58 | €197,305 | €282,751 | +€85,447 | +43.3% |
| Amounts receivable within one year | 40/41 | €93,994 | €165,618 | +€71,624 | +76.2% |
| Trade receivables | 40 | €60,145 | €122,373 | +€62,228 | +103.5% |
| Other amounts receivable | 41 | €33,848 | €43,245 | +€9,397 | +27.8% |
| Cash at bank and in hand | 54/58 | €100,635 | €114,429 | +€13,793 | +13.7% |
| Deferred charges and accrued income | 490/1 | €2,676 | €2,705 | +€29 | +1.1% |
| Total equity and liabilities | 10/49 | €204,106 | €287,708 | +€83,603 | +41.0% |
| Equity | 10/15 | €132,405 | €184,591 | +€52,185 | +39.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,945 | €164,131 | +€52,185 | +46.6% |
| Amounts payable | 17/49 | €71,701 | €103,118 | +€31,417 | +43.8% |
| Amounts payable within one year | 42/48 | €71,701 | €103,118 | +€31,417 | +43.8% |
| Trade debts | 44 | €63,204 | €98,916 | +€35,712 | +56.5% |
| Suppliers | 440/4 | €63,204 | €98,916 | +€35,712 | +56.5% |
| Taxes, remuneration and social security | 45 | €8,497 | €4,202 | -€4,294 | -50.5% |
| Taxes | 450/3 | €8,497 | €4,202 | -€4,294 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,892 | €4,211 | -€9,682 | -69.7% |
| Other operating charges | 640/8 | €1,239 | €1,043 | -€196 | -15.8% |
| Gross operating margin | 9900 | €6,061 | €139,333 | +€133,272 | +2198.7% |
| Operating profit (loss) | 9901 | -€9,070 | €134,080 | +€143,149 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €58 | - | -€58 | |
| Recurring financial charges | 65 | €58 | - | -€58 | |
| Profit (loss) for the period before taxes | 9903 | -€9,128 | €134,080 | +€143,208 | |
| Income taxes | 67/77 | €306 | €34,836 | +€34,530 | +11295.7% |
| Profit (loss) for the period | 9904 | -€9,434 | €99,244 | +€108,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,434 | €99,244 | +€108,678 |
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 3 October 2026 via checked.be.