BRAINZ: 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.
BRAINZ
Largest movements
- Tangible fixed assets -€312,544
down €312,544 (-98.8%), from €316,419 to €3,875
of which Land and buildings: -€311,766
- Current investments +€169,500
new in 2025: €169,500
- Receivables within one year -€6,668
down €6,668 (-20.7%), from €32,270 to €25,602
of which Trade receivables: -€4,599
- Debts after one year -€131,596
no longer reported in 2025 (was €131,596)
of which Financial debts: -€91,596
- Profit (loss) carried forward +€53,666
up €53,666 (+38.4%), from €139,808 to €193,474
- Other debts -€24,127
down €24,127 (-68.5%), from €35,226 to €11,099
- Current portion of long-term debt -€12,496
no longer reported in 2025 (was €12,496)
- Reserves -€12,246
down €12,246 (-26.0%), from €47,141 to €34,895
of which Distributable reserves: -€12,246
- Financial income +€77,762
up €77,762 (+555442.9%), from €14 to €77,776
of which Non-recurring financial income: +€77,340
- Gross operating margin -€27,212
down €27,212, from €17,131 to -€10,081
- Taxes +€9,519
up €9,519 (+851.4%), from €1,118 to €10,637
- Depreciation -€8,985
down €8,985 (-87.5%), from €10,274 to €1,289
- Financial charges -€4,659
down €4,659 (-92.5%), from €5,035 to €376
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 | €424,102 | €277,585 | -€146,517 | -34.5% |
| Fixed assets | 21/28 | €329,137 | €16,593 | -€312,544 | -95.0% |
| Tangible fixed assets | 22/27 | €316,419 | €3,875 | -€312,544 | -98.8% |
| Land and buildings | 22 | €311,766 | - | -€311,766 | |
| Plant, machinery and equipment | 23 | €726 | - | -€726 | |
| Furniture and vehicles | 24 | €3,927 | €3,875 | -€52 | -1.3% |
| Financial fixed assets | 28 | €12,718 | €12,718 | = | 0.0% |
| Current assets | 29/58 | €94,965 | €260,992 | +€166,027 | +174.8% |
| Amounts receivable within one year | 40/41 | €32,270 | €25,602 | -€6,668 | -20.7% |
| Trade receivables | 40 | €23,457 | €18,858 | -€4,599 | -19.6% |
| Other amounts receivable | 41 | €8,813 | €6,744 | -€2,069 | -23.5% |
| Current investments | 50/53 | - | €169,500 | +€169,500 | |
| Cash at bank and in hand | 54/58 | €61,057 | €64,093 | +€3,036 | +5.0% |
| Deferred charges and accrued income | 490/1 | €1,638 | €1,797 | +€159 | +9.7% |
| Total equity and liabilities | 10/49 | €424,102 | €277,585 | -€146,517 | -34.5% |
| Equity | 10/15 | €205,549 | €246,969 | +€41,420 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,141 | €34,895 | -€12,246 | -26.0% |
| Tax-exempt reserves | 132 | €3,086 | €3,086 | = | 0.0% |
| Distributable reserves | 133 | €44,055 | €31,809 | -€12,246 | -27.8% |
| Profit (loss) carried forward | 14 | €139,808 | €193,474 | +€53,666 | +38.4% |
| Amounts payable | 17/49 | €218,553 | €30,616 | -€187,937 | -86.0% |
| Amounts payable after more than one year | 17 | €131,596 | - | -€131,596 | |
| Financial debts | 170/4 | €91,596 | - | -€91,596 | |
| Other amounts payable | 178/9 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €80,916 | €30,616 | -€50,300 | -62.2% |
| Current portion of amounts payable after more than one year | 42 | €12,496 | - | -€12,496 | |
| Trade debts | 44 | €8,595 | €5,221 | -€3,374 | -39.3% |
| Suppliers | 440/4 | €8,595 | €5,221 | -€3,374 | -39.3% |
| Taxes, remuneration and social security | 45 | €24,599 | €14,296 | -€10,303 | -41.9% |
| Taxes | 450/3 | €24,599 | €14,296 | -€10,303 | -41.9% |
| Other amounts payable | 47/48 | €35,226 | €11,099 | -€24,127 | -68.5% |
| Accrued charges and deferred income | 492/3 | €6,041 | - | -€6,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,274 | €1,289 | -€8,985 | -87.5% |
| Other operating charges | 640/8 | €387 | €1,727 | +€1,340 | +346.3% |
| Gross operating margin | 9900 | €17,131 | -€10,081 | -€27,212 | |
| Operating profit (loss) | 9901 | €6,470 | -€13,097 | -€19,567 | |
| Financial income | 75/76B | €14 | €77,776 | +€77,762 | +555442.9% |
| Recurring financial income | 75 | €14 | €436 | +€422 | +3014.3% |
| Non-recurring financial income | 76B | - | €77,340 | +€77,340 | |
| Financial charges | 65/66B | €5,035 | €376 | -€4,659 | -92.5% |
| Recurring financial charges | 65 | €5,035 | €376 | -€4,659 | -92.5% |
| Profit (loss) for the period before taxes | 9903 | €1,449 | €64,303 | +€62,854 | +4337.8% |
| Income taxes | 67/77 | €1,118 | €10,637 | +€9,519 | +851.4% |
| Profit (loss) for the period | 9904 | €331 | €53,666 | +€53,335 | +16113.3% |
| Profit (loss) for the period to be appropriated | 9905 | €331 | €53,666 | +€53,335 | +16113.3% |
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 11 October 2026 via checked.be.