BRAINSCAPE: 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.
What changed
BRAINSCAPE
NACE 46.500, Wholesale of information and communication equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€414,102
2024 · €433,371-€19,270
Equity
€186,897
2024 · €186,796+€102
Cash
€389,544
2024 · €239,873+€149,672
Balance sheet total
€1.2m
2024 · €889,560+€311,548
Largest movements
Assets
- Receivables within one year +€268,081
up €268,081 (+132%), from €203,255 to €471,336
of which Trade receivables: +€251,819
- Cash +€149,672
up €149,672 (+62.4%), from €239,873 to €389,544
mainly Net result for the year (+€414,102) and Trade debts (+€352,386)
- Stocks and contracts -€89,146
down €89,146 (-31.0%), from €287,272 to €198,126
Equity and liabilities
- Trade debts +€352,386
up €352,386 (+174%), from €202,985 to €555,370
- Other debts -€18,000
down €18,000 (-4.2%), from €432,000 to €414,000
Income statement
- Gross operating margin -€28,486
down €28,486 (-4.0%), from €706,224 to €677,738
- Staff costs +€26,781
up €26,781 (+13.9%), from €192,511 to €219,292
- Financial charges -€14,891
down €14,891 (-60.9%), from €24,469 to €9,578
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.
Result 2024
€433,371
Gross operating margin
-€28,486
Staff costs
-€26,781
Depreciation
+€5,552
Other operating charges
+€247
Other operating items
+€20,379
Financial income
-€5,623
Financial charges
+€14,891
Taxes
+€552
Result 2025
€414,102
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€592,035
Investment
-€17,502
Financing
-€424,862
Cash 2024
€239,873
From operations (derived)
+€592,035
Net result for the year
+€414,102
Depreciation
+€28,984
Stocks and contracts
+€89,146
Receivables within one year
-€268,081
Deferred charges and accrued income
+€5,575
Trade debts
+€352,386
Tax, wage and social debts
-€10,445
Other debts
-€18,000
Accrued charges and deferred income
-€1,631
Investment (derived)
-€17,502
Investment in fixed assets (net)
-€17,490
Current investments
-€11
Financing
-€424,862
Debts after one year
-€11,341
Current portion of long-term debt
+€479
Contributions, distributions and other
-€414,000
Cash 2025
€389,544
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €889,560 | €1,201,108 | +€311,548 | +35.0% |
| Fixed assets | 21/28 | €144,687 | €133,193 | -€11,494 | -7.9% |
| Intangible fixed assets | 21 | €5,592 | €4,111 | -€1,481 | -26.5% |
| Tangible fixed assets | 22/27 | €139,095 | €129,082 | -€10,013 | -7.2% |
| Plant, machinery and equipment | 23 | €22,375 | €16,797 | -€5,579 | -24.9% |
| Furniture and vehicles | 24 | €42,083 | €48,239 | +€6,156 | +14.6% |
| Other tangible fixed assets | 26 | €74,636 | €64,046 | -€10,590 | -14.2% |
| Current assets | 29/58 | €744,873 | €1,067,916 | +€323,042 | +43.4% |
| Stocks and contracts in progress | 3 | €287,272 | €198,126 | -€89,146 | -31.0% |
| Stocks | 30/36 | €287,272 | €198,126 | -€89,146 | -31.0% |
| Amounts receivable within one year | 40/41 | €203,255 | €471,336 | +€268,081 | +132% |
| Trade receivables | 40 | €172,660 | €424,479 | +€251,819 | +146% |
| Other amounts receivable | 41 | €30,595 | €46,857 | +€16,262 | +53.2% |
| Current investments | 50/53 | €2,143 | €2,154 | +€11 | +0.5% |
| Cash at bank and in hand | 54/58 | €239,873 | €389,544 | +€149,672 | +62.4% |
| Deferred charges and accrued income | 490/1 | €12,330 | €6,755 | -€5,575 | -45.2% |
| Total equity and liabilities | 10/49 | €889,560 | €1,201,108 | +€311,548 | +35.0% |
| Equity | 10/15 | €186,796 | €186,897 | +€102 | +0.1% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €24,796 | €24,897 | +€102 | +0.4% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Distributable reserves | 133 | €8,596 | €8,697 | +€102 | +1.2% |
| Amounts payable | 17/49 | €702,764 | €1,014,211 | +€311,447 | +44.3% |
| Amounts payable after more than one year | 17 | €17,198 | €5,857 | -€11,341 | -65.9% |
| Financial debts | 170/4 | €17,198 | €5,857 | -€11,341 | -65.9% |
| Amounts payable within one year | 42/48 | €683,936 | €1,008,354 | +€324,419 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €10,862 | €11,341 | +€479 | +4.4% |
| Trade debts | 44 | €202,985 | €555,370 | +€352,386 | +174% |
| Suppliers | 440/4 | €202,985 | €555,370 | +€352,386 | +174% |
| Taxes, remuneration and social security | 45 | €38,088 | €27,643 | -€10,445 | -27.4% |
| Taxes | 450/3 | €12,687 | €6,798 | -€5,889 | -46.4% |
| Remuneration and social security | 454/9 | €25,401 | €20,845 | -€4,557 | -17.9% |
| Other amounts payable | 47/48 | €432,000 | €414,000 | -€18,000 | -4.2% |
| Accrued charges and deferred income | 492/3 | €1,631 | - | -€1,631 | |
| Non-recurring operating income | 76A | - | €3,146 | +€3,146 | |
| Remuneration, social security and pensions | 62 | €192,511 | €219,292 | +€26,781 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,536 | €28,984 | -€5,552 | -16.1% |
| Other operating charges | 640/8 | €2,484 | €2,237 | -€247 | -9.9% |
| Non-recurring operating charges | 66A | €20,379 | - | -€20,379 | |
| Gross operating margin | 9900 | €706,224 | €677,738 | -€28,486 | -4.0% |
| Operating profit (loss) | 9901 | €456,314 | €427,225 | -€29,090 | -6.4% |
| Financial income | 75/76B | €6,179 | €556 | -€5,623 | -91.0% |
| Recurring financial income | 75 | €6,179 | €556 | -€5,623 | -91.0% |
| Financial charges | 65/66B | €24,469 | €9,578 | -€14,891 | -60.9% |
| Recurring financial charges | 65 | €24,469 | €9,578 | -€14,891 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €438,024 | €418,203 | -€19,822 | -4.5% |
| Income taxes | 67/77 | €4,653 | €4,101 | -€552 | -11.9% |
| Profit (loss) for the period | 9904 | €433,371 | €414,102 | -€19,270 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €433,371 | €414,102 | -€19,270 | -4.4% |
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 28 October 2026 via checked.be.