Brainz4: 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.
Brainz4
Largest movements
- Tangible fixed assets +€150,871
up €150,871 (+27.7%), from €544,430 to €695,300
of which Other tangible fixed assets: +€200,918
- Cash -€79,574
down €79,574 (-40.4%), from €196,860 to €117,285
mainly Contributions, distributions and other (-€620,007) and Investment in fixed assets (net) (-€227,755)
- Receivables within one year +€58,478
up €58,478 (+84.6%), from €69,162 to €127,640
of which Trade receivables: +€37,024
- Deferred charges and accrued income +€56,103
up €56,103 (+1411.4%), from €3,975 to €60,078
- Debts after one year +€384,632
up €384,632 (+705.7%), from €54,507 to €439,140
of which Other amounts payable: +€407,006
- Reserves -€331,531
down €331,531 (-53.3%), from €621,867 to €290,336
of which Distributable reserves: -€331,531
- Other debts +€65,882
up €65,882 (+70.0%), from €94,118 to €160,000
- Trade debts +€34,439
up €34,439 (+417.4%), from €8,251 to €42,690
- Tax, wage and social debts +€27,413
up €27,413 (+428.1%), from €6,403 to €33,816
- Gross operating margin +€152,447
up €152,447 (+48.9%), from €311,641 to €464,088
- Taxes +€31,342
up €31,342 (+49.7%), from €63,041 to €94,383
- Depreciation +€28,646
up €28,646 (+58.8%), from €48,717 to €77,363
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 | €830,336 | €1,015,303 | +€184,967 | +22.3% |
| Formation expenses | 20 | €731 | €253 | -€478 | -65.4% |
| Fixed assets | 21/28 | €544,430 | €695,300 | +€150,871 | +27.7% |
| Tangible fixed assets | 22/27 | €544,430 | €695,300 | +€150,871 | +27.7% |
| Land and buildings | 22 | €397,267 | €363,504 | -€33,763 | -8.5% |
| Furniture and vehicles | 24 | €24,119 | €7,836 | -€16,283 | -67.5% |
| Other tangible fixed assets | 26 | €123,043 | €323,961 | +€200,918 | +163.3% |
| Current assets | 29/58 | €285,175 | €319,750 | +€34,575 | +12.1% |
| Amounts receivable within one year | 40/41 | €69,162 | €127,640 | +€58,478 | +84.6% |
| Trade receivables | 40 | €63,356 | €100,380 | +€37,024 | +58.4% |
| Other amounts receivable | 41 | €5,806 | €27,260 | +€21,454 | +369.5% |
| Current investments | 50/53 | €15,178 | €14,747 | -€431 | -2.8% |
| Cash at bank and in hand | 54/58 | €196,860 | €117,285 | -€79,574 | -40.4% |
| Deferred charges and accrued income | 490/1 | €3,975 | €60,078 | +€56,103 | +1411.4% |
| Total equity and liabilities | 10/49 | €830,336 | €1,015,303 | +€184,967 | +22.3% |
| Equity | 10/15 | €640,467 | €308,936 | -€331,531 | -51.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €621,867 | €290,336 | -€331,531 | -53.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €620,007 | €288,476 | -€331,531 | -53.5% |
| Amounts payable | 17/49 | €189,869 | €706,367 | +€516,498 | +272.0% |
| Amounts payable after more than one year | 17 | €54,507 | €439,140 | +€384,632 | +705.7% |
| Financial debts | 170/4 | €51,307 | €28,934 | -€22,374 | -43.6% |
| Other amounts payable | 178/9 | €3,200 | €410,206 | +€407,006 | +12718.9% |
| Amounts payable within one year | 42/48 | €131,735 | €258,880 | +€127,145 | +96.5% |
| Current portion of amounts payable after more than one year | 42 | €22,963 | €22,374 | -€590 | -2.6% |
| Trade debts | 44 | €8,251 | €42,690 | +€34,439 | +417.4% |
| Suppliers | 440/4 | €8,251 | €42,690 | +€34,439 | +417.4% |
| Taxes, remuneration and social security | 45 | €6,403 | €33,816 | +€27,413 | +428.1% |
| Taxes | 450/3 | €6,403 | €33,816 | +€27,413 | +428.1% |
| Other amounts payable | 47/48 | €94,118 | €160,000 | +€65,882 | +70.0% |
| Accrued charges and deferred income | 492/3 | €3,627 | €8,347 | +€4,721 | +130.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,717 | €77,363 | +€28,646 | +58.8% |
| Other operating charges | 640/8 | €3,672 | €5,572 | +€1,900 | +51.7% |
| Gross operating margin | 9900 | €311,641 | €464,088 | +€152,447 | +48.9% |
| Operating profit (loss) | 9901 | €259,252 | €381,153 | +€121,901 | +47.0% |
| Financial income | 75/76B | €3,892 | €3,201 | -€691 | -17.8% |
| Recurring financial income | 75 | €3,892 | €3,201 | -€691 | -17.8% |
| Financial charges | 65/66B | €1,654 | €1,495 | -€159 | -9.6% |
| Recurring financial charges | 65 | €1,654 | €1,495 | -€159 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €261,490 | €382,859 | +€121,369 | +46.4% |
| Income taxes | 67/77 | €63,041 | €94,383 | +€31,342 | +49.7% |
| Profit (loss) for the period | 9904 | €198,449 | €288,476 | +€90,027 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €198,449 | €288,476 | +€90,027 | +45.4% |
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 9 October 2026 via checked.be.