BRAINSTORM: 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.
BRAINSTORM
Largest movements
- Current investments +€714,357
up €714,357 (+564887.6%), from €126 to €714,483
- Cash -€704,900
down €704,900 (-81.4%), from €865,886 to €160,986
mainly Current investments (-€714,357) and Receivables within one year (-€33,812)
- Receivables within one year +€33,812
up €33,812 (+168.5%), from €20,062 to €53,874
of which Trade receivables: +€29,957
- Reserves +€32,640
up €32,640 (+5.3%), from €617,980 to €650,620
- Trade debts +€26,368
up €26,368 (+464.1%), from €5,681 to €32,050
- Gross operating margin -€17,250
down €17,250 (-14.5%), from €119,156 to €101,907
- Provisions -€10,000
new in 2025: -€10,000
- Financial income -€6,482
down €6,482 (-64.3%), from €10,080 to €3,598
- Taxes -€5,805
down €5,805 (-29.9%), from €19,400 to €13,595
- Financial charges +€5,243
up €5,243 (+23.6%), from €22,215 to €27,458
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 | €1,129,561 | €1,164,330 | +€34,769 | +3.1% |
| Fixed assets | 21/28 | €241,133 | €232,625 | -€8,508 | -3.5% |
| Tangible fixed assets | 22/27 | €240,910 | €232,402 | -€8,508 | -3.5% |
| Furniture and vehicles | 24 | €9,336 | €31,195 | +€21,859 | +234.1% |
| Other tangible fixed assets | 26 | €231,574 | €201,207 | -€30,367 | -13.1% |
| Financial fixed assets | 28 | €223 | €223 | = | 0.0% |
| Current assets | 29/58 | €888,428 | €931,705 | +€43,276 | +4.9% |
| Amounts receivable within one year | 40/41 | €20,062 | €53,874 | +€33,812 | +168.5% |
| Trade receivables | 40 | €16,438 | €46,395 | +€29,957 | +182.2% |
| Other amounts receivable | 41 | €3,624 | €7,479 | +€3,855 | +106.4% |
| Current investments | 50/53 | €126 | €714,483 | +€714,357 | +564887.6% |
| Cash at bank and in hand | 54/58 | €865,886 | €160,986 | -€704,900 | -81.4% |
| Deferred charges and accrued income | 490/1 | €2,354 | €2,362 | +€8 | +0.3% |
| Total equity and liabilities | 10/49 | €1,129,561 | €1,164,330 | +€34,769 | +3.1% |
| Equity | 10/15 | €699,841 | €732,485 | +€32,644 | +4.7% |
| Contributions | 10/11 | €81,850 | €81,850 | = | 0.0% |
| Reserves | 13 | €617,980 | €650,620 | +€32,640 | +5.3% |
| Distributable reserves | 133 | €617,980 | €650,620 | +€32,640 | +5.3% |
| Profit (loss) carried forward | 14 | €11 | €15 | +€4 | +36.6% |
| Provisions and deferred taxes | 16 | €10,000 | - | -€10,000 | |
| Provisions for liabilities and charges | 160/5 | €10,000 | - | -€10,000 | |
| Pensions and similar obligations | 160 | €10,000 | - | -€10,000 | |
| Amounts payable | 17/49 | €419,720 | €431,844 | +€12,124 | +2.9% |
| Amounts payable after more than one year | 17 | €385,000 | €382,000 | -€3,000 | -0.8% |
| Other amounts payable | 178/9 | €385,000 | €382,000 | -€3,000 | -0.8% |
| Amounts payable within one year | 42/48 | €34,720 | €49,844 | +€15,124 | +43.6% |
| Trade debts | 44 | €5,681 | €32,050 | +€26,368 | +464.1% |
| Suppliers | 440/4 | €5,681 | €32,050 | +€26,368 | +464.1% |
| Taxes, remuneration and social security | 45 | €26,791 | €16,494 | -€10,297 | -38.4% |
| Taxes | 450/3 | €26,791 | €16,494 | -€10,297 | -38.4% |
| Other amounts payable | 47/48 | €2,248 | €1,301 | -€947 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,166 | €39,267 | +€4,101 | +11.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €2,926 | €2,540 | -€387 | -13.2% |
| Gross operating margin | 9900 | €119,156 | €101,907 | -€17,250 | -14.5% |
| Operating profit (loss) | 9901 | €81,064 | €70,099 | -€10,965 | -13.5% |
| Financial income | 75/76B | €10,080 | €3,598 | -€6,482 | -64.3% |
| Recurring financial income | 75 | €10,080 | €3,598 | -€6,482 | -64.3% |
| Financial charges | 65/66B | €22,215 | €27,458 | +€5,243 | +23.6% |
| Recurring financial charges | 65 | €22,215 | €27,458 | +€5,243 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €68,928 | €46,239 | -€22,689 | -32.9% |
| Income taxes | 67/77 | €19,400 | €13,595 | -€5,805 | -29.9% |
| Profit (loss) for the period | 9904 | €49,528 | €32,644 | -€16,884 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,528 | €32,644 | -€16,884 | -34.1% |
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 4 October 2026 via checked.be.