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
- Cash -€236,070
down €236,070 (-22.9%), from €1.0m to €795,547
mainly Other debts (-€425,962) and Receivables within one year (-€185,134)
- Financial fixed assets -€195,000
down €195,000 (-27.9%), from €700,000 to €505,000
- Receivables within one year +€185,134
up €185,134 (+338.1%), from €54,754 to €239,887
of which Other amounts receivable: +€210,341
- Other debts -€425,962
down €425,962 (-84.0%), from €506,817 to €80,856
- Reserves +€179,697
up €179,697 (+10.7%), from €1.7m to €1.9m
of which Distributable reserves: +€193,275
- Gross operating margin -€139,256
down €139,256 (-28.8%), from €483,329 to €344,074
- Taxes -€39,630
down €39,630 (-30.3%), from €130,772 to €91,142
- Financial charges -€9,255
down €9,255 (-26.4%), from €35,066 to €25,811
- Depreciation +€5,543
up €5,543 (+11.3%), from €48,962 to €54,505
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 | €3,569,395 | €3,306,615 | -€262,780 | -7.4% |
| Fixed assets | 21/28 | €2,462,772 | €2,238,416 | -€224,356 | -9.1% |
| Tangible fixed assets | 22/27 | €1,762,772 | €1,733,416 | -€29,356 | -1.7% |
| Land and buildings | 22 | €1,761,139 | €1,730,328 | -€30,812 | -1.7% |
| Furniture and vehicles | 24 | €1,633 | €3,089 | +€1,456 | +89.2% |
| Financial fixed assets | 28 | €700,000 | €505,000 | -€195,000 | -27.9% |
| Current assets | 29/58 | €1,106,623 | €1,068,198 | -€38,425 | -3.5% |
| Amounts receivable within one year | 40/41 | €54,754 | €239,887 | +€185,134 | +338.1% |
| Trade receivables | 40 | €50,416 | €25,208 | -€25,208 | -50.0% |
| Other amounts receivable | 41 | €4,338 | €214,679 | +€210,341 | +4849.1% |
| Cash at bank and in hand | 54/58 | €1,031,618 | €795,547 | -€236,070 | -22.9% |
| Deferred charges and accrued income | 490/1 | €20,252 | €32,764 | +€12,512 | +61.8% |
| Total equity and liabilities | 10/49 | €3,569,395 | €3,306,615 | -€262,780 | -7.4% |
| Equity | 10/15 | €2,811,772 | €2,991,469 | +€179,697 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,675,494 | €1,855,191 | +€179,697 | +10.7% |
| Tax-exempt reserves | 132 | €406,914 | €393,336 | -€13,578 | -3.3% |
| Distributable reserves | 133 | €1,268,579 | €1,461,854 | +€193,275 | +15.2% |
| Profit (loss) carried forward | 14 | €1,117,678 | €1,117,678 | = | 0.0% |
| Provisions and deferred taxes | 16 | €101,729 | €98,334 | -€3,395 | -3.3% |
| Deferred taxes | 168 | €101,729 | €98,334 | -€3,395 | -3.3% |
| Amounts payable | 17/49 | €655,895 | €216,812 | -€439,083 | -66.9% |
| Amounts payable after more than one year | 17 | €85,000 | €85,000 | = | 0.0% |
| Financial debts | 170/4 | €85,000 | €85,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €539,988 | €105,219 | -€434,769 | -80.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,878 | €2,857 | -€3,021 | -51.4% |
| Suppliers | 440/4 | €5,878 | €2,857 | -€3,021 | -51.4% |
| Taxes, remuneration and social security | 45 | €27,292 | €21,506 | -€5,786 | -21.2% |
| Taxes | 450/3 | €20,933 | €15,096 | -€5,837 | -27.9% |
| Remuneration and social security | 454/9 | €6,359 | €6,410 | +€51 | +0.8% |
| Other amounts payable | 47/48 | €506,817 | €80,856 | -€425,962 | -84.0% |
| Accrued charges and deferred income | 492/3 | €30,907 | €26,593 | -€4,314 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,962 | €54,505 | +€5,543 | +11.3% |
| Other operating charges | 640/8 | €6,125 | €10,313 | +€4,189 | +68.4% |
| Gross operating margin | 9900 | €483,329 | €344,074 | -€139,256 | -28.8% |
| Operating profit (loss) | 9901 | €428,243 | €279,255 | -€148,988 | -34.8% |
| Financial income | 75/76B | €14,000 | €14,000 | -€0 | 0.0% |
| Recurring financial income | 75 | €14,000 | €14,000 | -€0 | 0.0% |
| Financial charges | 65/66B | €35,066 | €25,811 | -€9,255 | -26.4% |
| Recurring financial charges | 65 | €35,066 | €25,811 | -€9,255 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €407,178 | €267,444 | -€139,733 | -34.3% |
| Transfer from deferred taxes | 780 | €3,395 | €3,395 | = | 0.0% |
| Income taxes | 67/77 | €130,772 | €91,142 | -€39,630 | -30.3% |
| Profit (loss) for the period | 9904 | €279,801 | €179,697 | -€100,104 | -35.8% |
| Transfer from tax-exempt reserves | 789 | €13,578 | €13,578 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €293,379 | €193,275 | -€100,104 | -34.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.