BRIAL: 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.
BRIAL
Largest movements
- Stocks and contracts +€1.7m
new in 2025: €1.7m
- Receivables within one year -€175,000
down €175,000 (-100.0%), from €175,000 to €0
- Tangible fixed assets +€118,470
up €118,470 (+4.3%), from €2.7m to €2.9m
- Cash -€93,924
down €93,924 (-93.8%), from €100,167 to €6,242
mainly Stocks and contracts (-€1.7m) and Debts after one year (-€200,000)
- Short-term financial debts +€1.6m
up €1.6m (+80.1%), from €2.0m to €3.7m
- Other debts +€200,420
up €200,420 (+130.2%), from €153,935 to €354,355
- Debts after one year -€200,000
down €200,000 (-40.0%), from €500,000 to €300,000
- Trade debts -€74,293
down €74,293 (-94.2%), from €78,898 to €4,605
- Other operating charges -€140,883
down €140,883 (-89.5%), from €157,460 to €16,577
- Financial charges +€104,767
up €104,767 (+651.2%), from €16,089 to €120,856
- Gross operating margin -€70,428
down €70,428 (-25.8%), from €273,370 to €202,942
- Depreciation +€57,984
up €57,984 (+3215.5%), from €1,803 to €59,787
- Taxes -€17,889
down €17,889 (-92.1%), from €19,416 to €1,527
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 | €3,023,364 | €4,585,871 | +€1.6m | +51.7% |
| Fixed assets | 21/28 | €2,748,197 | €2,866,667 | +€118,470 | +4.3% |
| Tangible fixed assets | 22/27 | €2,748,197 | €2,866,667 | +€118,470 | +4.3% |
| Land and buildings | 22 | €2,748,197 | €2,866,667 | +€118,470 | +4.3% |
| Current assets | 29/58 | €275,167 | €1,719,205 | +€1.4m | +524.8% |
| Stocks and contracts in progress | 3 | - | €1,710,942 | +€1.7m | |
| Stocks | 30/36 | - | €1,710,942 | +€1.7m | |
| Amounts receivable within one year | 40/41 | €175,000 | €0 | -€175,000 | -100.0% |
| Other amounts receivable | 41 | €175,000 | €0 | -€175,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €100,167 | €6,242 | -€93,924 | -93.8% |
| Deferred charges and accrued income | 490/1 | - | €2,020 | +€2,020 | |
| Total equity and liabilities | 10/49 | €3,023,364 | €4,585,871 | +€1.6m | +51.7% |
| Equity | 10/15 | €228,927 | €233,123 | +€4,195 | +1.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €167,427 | €171,623 | +€4,195 | +2.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €161,277 | €165,473 | +€4,195 | +2.6% |
| Amounts payable | 17/49 | €2,794,436 | €4,352,749 | +€1.6m | +55.8% |
| Amounts payable after more than one year | 17 | €500,000 | €300,000 | -€200,000 | -40.0% |
| Financial debts | 170/4 | €500,000 | €300,000 | -€200,000 | -40.0% |
| Amounts payable within one year | 42/48 | €2,291,849 | €4,052,749 | +€1.8m | +76.8% |
| Financial debts | 43 | €2,039,000 | €3,671,945 | +€1.6m | +80.1% |
| Credit institutions | 430/8 | €2,039,000 | €3,671,945 | +€1.6m | +80.1% |
| Trade debts | 44 | €78,898 | €4,605 | -€74,293 | -94.2% |
| Suppliers | 440/4 | €78,898 | €4,605 | -€74,293 | -94.2% |
| Taxes, remuneration and social security | 45 | €20,016 | €21,843 | +€1,827 | +9.1% |
| Taxes | 450/3 | €20,016 | €21,843 | +€1,827 | +9.1% |
| Other amounts payable | 47/48 | €153,935 | €354,355 | +€200,420 | +130.2% |
| Accrued charges and deferred income | 492/3 | €2,587 | €0 | -€2,587 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,803 | €59,787 | +€57,984 | +3215.5% |
| Other operating charges | 640/8 | €157,460 | €16,577 | -€140,883 | -89.5% |
| Gross operating margin | 9900 | €273,370 | €202,942 | -€70,428 | -25.8% |
| Operating profit (loss) | 9901 | €114,107 | €126,578 | +€12,471 | +10.9% |
| Financial charges | 65/66B | €16,089 | €120,856 | +€104,767 | +651.2% |
| Recurring financial charges | 65 | €16,089 | €120,856 | +€104,767 | +651.2% |
| Profit (loss) for the period before taxes | 9903 | €98,019 | €5,722 | -€92,296 | -94.2% |
| Income taxes | 67/77 | €19,416 | €1,527 | -€17,889 | -92.1% |
| Profit (loss) for the period | 9904 | €78,602 | €4,195 | -€74,407 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €78,602 | €4,195 | -€74,407 | -94.7% |
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 6 October 2026 via checked.be.