BRIAM: 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.
What changed
BRIAM
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€27,522
2024 · €14,226+€13,296
Equity
€3.4m
2024 · €3.7m-€286,616
Cash
€109,401
2024 · €77,463+€31,938
Balance sheet total
€7.8m
2024 · €7.4m+€383,851
Largest movements
Assets
- Receivables within one year +€345,026
up €345,026 (+105%), from €329,054 to €674,080
of which Trade receivables: +€230,672
- Intangible fixed assets -€208,178
down €208,178 (-91.3%), from €228,112 to €19,934
- Financial fixed assets +€200,000
up €200,000 (+3.0%), from €6.7m to €6.9m
Equity and liabilities
- Other debts +€597,409
up €597,409 (+18.1%), from €3.3m to €3.9m
- Profit (loss) carried forward -€286,616
down €286,616 (-11.9%), from €2.4m to €2.1m
- Trade debts +€102,593
up €102,593 (+162%), from €63,347 to €165,940
Income statement
- Gross operating margin +€114,612
up €114,612 (+32.2%), from €355,975 to €470,586
- Staff costs +€80,498
up €80,498 (+28.6%), from €281,095 to €361,593
- Financial charges +€12,033
up €12,033 (+27.4%), from €43,909 to €55,942
- Taxes +€11,722
up €11,722 (+189%), from €6,197 to €17,919
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.
Result 2024
€14,226
Gross operating margin
+€114,612
Staff costs
-€80,498
Depreciation
-€571
Other operating charges
-€542
Financial income
+€4,050
Financial charges
-€12,033
Taxes
-€11,722
Result 2025
€27,522
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€362,144
Investment
-€11,555
Financing
-€318,651
Cash 2024
€77,463
From operations (derived)
+€362,144
Net result for the year
+€27,522
Depreciation
+€10,766
Receivables within one year
-€345,026
Deferred charges and accrued income
-€6,097
Trade debts
+€102,593
Tax, wage and social debts
+€5,902
Advances received
+€336
Other debts
+€597,409
Accrued charges and deferred income
-€31,260
Investment (derived)
-€11,555
Investment in fixed assets (net)
-€11,555
Financing
-€318,651
Debts after one year
-€35,054
Current portion of long-term debt
+€30,541
Contributions, distributions and other
-€314,138
Cash 2025
€109,401
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,374,263 | €7,758,113 | +€383,851 | +5.2% |
| Fixed assets | 21/28 | €6,934,170 | €6,934,959 | +€789 | 0.0% |
| Intangible fixed assets | 21 | €228,112 | €19,934 | -€208,178 | -91.3% |
| Tangible fixed assets | 22/27 | €3,090 | €12,058 | +€8,968 | +290% |
| Furniture and vehicles | 24 | €3,090 | €12,058 | +€8,968 | +290% |
| Financial fixed assets | 28 | €6,702,968 | €6,902,968 | +€200,000 | +3.0% |
| Current assets | 29/58 | €440,093 | €823,154 | +€383,061 | +87.0% |
| Amounts receivable within one year | 40/41 | €329,054 | €674,080 | +€345,026 | +105% |
| Trade receivables | 40 | €243,295 | €473,968 | +€230,672 | +94.8% |
| Other amounts receivable | 41 | €85,759 | €200,113 | +€114,354 | +133% |
| Cash at bank and in hand | 54/58 | €77,463 | €109,401 | +€31,938 | +41.2% |
| Deferred charges and accrued income | 490/1 | €33,575 | €39,672 | +€6,097 | +18.2% |
| Total equity and liabilities | 10/49 | €7,374,263 | €7,758,113 | +€383,851 | +5.2% |
| Equity | 10/15 | €3,715,919 | €3,429,303 | -€286,616 | -7.7% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €1,252,169 | €1,252,169 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €1,245,869 | €1,245,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,400,750 | €2,114,134 | -€286,616 | -11.9% |
| Amounts payable | 17/49 | €3,658,344 | €4,328,811 | +€670,467 | +18.3% |
| Amounts payable after more than one year | 17 | €142,310 | €107,256 | -€35,054 | -24.6% |
| Financial debts | 170/4 | €142,310 | €107,256 | -€35,054 | -24.6% |
| Amounts payable within one year | 42/48 | €3,455,768 | €4,192,549 | +€736,781 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | - | €30,541 | +€30,541 | |
| Trade debts | 44 | €63,347 | €165,940 | +€102,593 | +162% |
| Suppliers | 440/4 | €63,347 | €165,940 | +€102,593 | +162% |
| Advances received on contracts in progress | 46 | €0 | €336 | +€336 | |
| Taxes, remuneration and social security | 45 | €91,925 | €97,826 | +€5,902 | +6.4% |
| Taxes | 450/3 | €35,816 | €34,572 | -€1,244 | -3.5% |
| Remuneration and social security | 454/9 | €56,109 | €63,255 | +€7,145 | +12.7% |
| Other amounts payable | 47/48 | €3,300,496 | €3,897,905 | +€597,409 | +18.1% |
| Accrued charges and deferred income | 492/3 | €60,265 | €29,006 | -€31,260 | -51.9% |
| Remuneration, social security and pensions | 62 | €281,095 | €361,593 | +€80,498 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,195 | €10,766 | +€571 | +5.6% |
| Other operating charges | 640/8 | €1,761 | €2,303 | +€542 | +30.8% |
| Gross operating margin | 9900 | €355,975 | €470,586 | +€114,612 | +32.2% |
| Operating profit (loss) | 9901 | €62,923 | €95,924 | +€33,001 | +52.4% |
| Financial income | 75/76B | €1,409 | €5,459 | +€4,050 | +288% |
| Recurring financial income | 75 | €1,409 | €5,459 | +€4,050 | +288% |
| Financial charges | 65/66B | €43,909 | €55,942 | +€12,033 | +27.4% |
| Recurring financial charges | 65 | €43,909 | €55,942 | +€12,033 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €20,422 | €45,441 | +€25,019 | +123% |
| Income taxes | 67/77 | €6,197 | €17,919 | +€11,722 | +189% |
| Profit (loss) for the period | 9904 | €14,226 | €27,522 | +€13,296 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,226 | €27,522 | +€13,296 | +93.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.