BRAINVIEW: 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.
BRAINVIEW
Largest movements
- Receivables within one year +€55,247
up €55,247 (+137.6%), from €40,146 to €95,393
of which Trade receivables: +€51,351
- Cash -€47,469
down €47,469 (-40.1%), from €118,279 to €70,810
mainly Receivables within one year (-€55,247) and Debts after one year (-€33,876)
- Current investments +€15,801
up €15,801 (+3.2%), from €495,689 to €511,490
- Reserves +€40,802
up €40,802 (+6.2%), from €659,962 to €700,763
of which Distributable reserves: +€40,802
- Debts after one year -€33,876
down €33,876 (-16.0%), from €211,657 to €177,781
- Other debts +€19,540
up €19,540 (+46.9%), from €41,677 to €61,216
- Trade debts -€17,608
down €17,608 (-55.6%), from €31,686 to €14,078
- Financial income -€531,508
down €531,508 (-97.5%), from €545,390 to €13,882
- Taxes -€45,390
down €45,390 (-75.9%), from €59,830 to €14,440
- Gross operating margin +€27,129
up €27,129 (+66.2%), from €40,957 to €68,086
- Financial charges +€7,885
up €7,885 (+74.7%), from €10,554 to €18,439
- Depreciation -€3,926
down €3,926 (-34.3%), from €11,448 to €7,523
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 | €1,059,379 | €1,070,261 | +€10,882 | +1.0% |
| Fixed assets | 21/28 | €347,552 | €340,030 | -€7,523 | -2.2% |
| Tangible fixed assets | 22/27 | €34,192 | €26,670 | -€7,523 | -22.0% |
| Land and buildings | 22 | €23,758 | €20,063 | -€3,695 | -15.6% |
| Plant, machinery and equipment | 23 | €5,021 | €1,863 | -€3,158 | -62.9% |
| Furniture and vehicles | 24 | €5,413 | €4,744 | -€669 | -12.4% |
| Financial fixed assets | 28 | €313,360 | €313,360 | = | 0.0% |
| Current assets | 29/58 | €711,827 | €730,231 | +€18,405 | +2.6% |
| Amounts receivable after more than one year | 29 | €45,644 | €45,644 | = | 0.0% |
| Other amounts receivable | 291 | €45,644 | €45,644 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,146 | €95,393 | +€55,247 | +137.6% |
| Trade receivables | 40 | €40,096 | €91,448 | +€51,351 | +128.1% |
| Other amounts receivable | 41 | €50 | €3,945 | +€3,895 | +7790.4% |
| Current investments | 50/53 | €495,689 | €511,490 | +€15,801 | +3.2% |
| Cash at bank and in hand | 54/58 | €118,279 | €70,810 | -€47,469 | -40.1% |
| Deferred charges and accrued income | 490/1 | €12,068 | €6,894 | -€5,173 | -42.9% |
| Total equity and liabilities | 10/49 | €1,059,379 | €1,070,261 | +€10,882 | +1.0% |
| Equity | 10/15 | €678,562 | €719,363 | +€40,802 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €659,962 | €700,763 | +€40,802 | +6.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €659,962 | €700,763 | +€40,802 | +6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €380,817 | €350,898 | -€29,920 | -7.9% |
| Amounts payable after more than one year | 17 | €211,657 | €177,781 | -€33,876 | -16.0% |
| Financial debts | 170/4 | €211,657 | €177,781 | -€33,876 | -16.0% |
| Amounts payable within one year | 42/48 | €164,679 | €167,528 | +€2,849 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €32,942 | €33,876 | +€934 | +2.8% |
| Trade debts | 44 | €31,686 | €14,078 | -€17,608 | -55.6% |
| Suppliers | 440/4 | €31,686 | €14,078 | -€17,608 | -55.6% |
| Taxes, remuneration and social security | 45 | €58,374 | €58,357 | -€17 | 0.0% |
| Taxes | 450/3 | €58,374 | €58,357 | -€17 | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €41,677 | €61,216 | +€19,540 | +46.9% |
| Accrued charges and deferred income | 492/3 | €4,482 | €5,589 | +€1,108 | +24.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,448 | €7,523 | -€3,926 | -34.3% |
| Other operating charges | 640/8 | €1,250 | €585 | -€665 | -53.2% |
| Non-recurring operating charges | 66A | €0 | €179 | +€179 | |
| Gross operating margin | 9900 | €40,957 | €68,086 | +€27,129 | +66.2% |
| Operating profit (loss) | 9901 | €28,259 | €59,799 | +€31,540 | +111.6% |
| Financial income | 75/76B | €545,390 | €13,882 | -€531,508 | -97.5% |
| Recurring financial income | 75 | €545,390 | €13,882 | -€531,508 | -97.5% |
| Financial charges | 65/66B | €10,554 | €18,439 | +€7,885 | +74.7% |
| Recurring financial charges | 65 | €10,554 | €18,439 | +€7,885 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €563,095 | €55,242 | -€507,853 | -90.2% |
| Income taxes | 67/77 | €59,830 | €14,440 | -€45,390 | -75.9% |
| Profit (loss) for the period | 9904 | €503,265 | €40,802 | -€462,464 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €503,265 | €40,802 | -€462,464 | -91.9% |
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 12 October 2026 via checked.be.