Brains and Trees: 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.
Brains and Trees
Largest movements
- Receivables within one year +€10,985
up €10,985 (+366.2%), from €3,000 to €13,985
of which Trade receivables: +€10,998
- Cash -€2,476
down €2,476 (-16.0%), from €15,455 to €12,980
mainly Receivables within one year (-€10,985) and Net result for the year (-€6,268)
- Formation expenses -€1,537
no longer reported in 2025 (was €1,537)
- Intangible fixed assets -€850
down €850 (-26.7%), from €3,179 to €2,329
- Trade debts +€10,571
up €10,571 (+1092.0%), from €968 to €11,539
- Profit (loss) carried forward -€6,268
new in 2025: -€6,268
- Tax, wage and social debts +€2,027
up €2,027 (+456.9%), from €444 to €2,470
- Gross operating margin -€9,463
down €9,463, from €5,954 to -€3,509
- Depreciation -€1,266
down €1,266 (-34.6%), from €3,653 to €2,387
- Taxes -€333
down €333 (-75.0%), from €444 to €111
- Financial charges +€164
up €164 (+476.9%), from €34 to €198
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 | €23,172 | €29,502 | +€6,329 | +27.3% |
| Formation expenses | 20 | €1,537 | - | -€1,537 | |
| Fixed assets | 21/28 | €3,179 | €2,329 | -€850 | -26.7% |
| Intangible fixed assets | 21 | €3,179 | €2,329 | -€850 | -26.7% |
| Current assets | 29/58 | €18,455 | €27,172 | +€8,717 | +47.2% |
| Amounts receivable within one year | 40/41 | €3,000 | €13,985 | +€10,985 | +366.2% |
| Trade receivables | 40 | €2,978 | €13,976 | +€10,998 | +369.3% |
| Other amounts receivable | 41 | €22 | €10 | -€12 | -55.9% |
| Cash at bank and in hand | 54/58 | €15,455 | €12,980 | -€2,476 | -16.0% |
| Deferred charges and accrued income | 490/1 | - | €207 | +€207 | |
| Total equity and liabilities | 10/49 | €23,172 | €29,502 | +€6,329 | +27.3% |
| Equity | 10/15 | €21,761 | €15,493 | -€6,268 | -28.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,761 | €1,761 | = | 0.0% |
| Distributable reserves | 133 | €1,761 | €1,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,268 | -€6,268 | |
| Amounts payable | 17/49 | €1,412 | €14,009 | +€12,597 | +892.4% |
| Amounts payable within one year | 42/48 | €1,412 | €14,009 | +€12,597 | +892.4% |
| Trade debts | 44 | €968 | €11,539 | +€10,571 | +1092.0% |
| Suppliers | 440/4 | €968 | €11,539 | +€10,571 | +1092.0% |
| Taxes, remuneration and social security | 45 | €444 | €2,470 | +€2,027 | +456.9% |
| Taxes | 450/3 | €444 | €2,470 | +€2,027 | +456.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,653 | €2,387 | -€1,266 | -34.6% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €5,954 | -€3,509 | -€9,463 | |
| Operating profit (loss) | 9901 | €2,239 | -€5,959 | -€8,197 | |
| Financial charges | 65/66B | €34 | €198 | +€164 | +476.9% |
| Recurring financial charges | 65 | €34 | €198 | +€164 | +476.9% |
| Profit (loss) for the period before taxes | 9903 | €2,204 | -€6,157 | -€8,361 | |
| Income taxes | 67/77 | €444 | €111 | -€333 | -75.0% |
| Profit (loss) for the period | 9904 | €1,761 | -€6,268 | -€8,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,761 | -€6,268 | -€8,029 |
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.