Brian: 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.
Brian
Largest movements
- Tangible fixed assets -€57,835
down €57,835 (-19.4%), from €298,297 to €240,462
of which Other tangible fixed assets: -€37,600
- Receivables within one year +€44,184
up €44,184 (+350%), from €12,613 to €56,797
of which Other amounts receivable: +€33,069
- Deferred charges and accrued income -€32,812
down €32,812 (-99.0%), from €33,150 to €338
- Cash -€21,923
down €21,923 (-11.8%), from €185,992 to €164,069
mainly Contributions, distributions and other (-€60,450) and Receivables within one year (-€44,184)
- Stocks and contracts -€10,000
down €10,000 (-18.9%), from €53,000 to €43,000
- Reserves -€42,664
down €42,664 (-18.6%), from €229,738 to €187,074
of which Distributable reserves: -€42,664
- Debts after one year -€35,820
down €35,820 (-22.8%), from €156,845 to €121,025
- Trade debts +€10,822
up €10,822 (+26.9%), from €40,161 to €50,983
- Tax, wage and social debts -€6,317
down €6,317 (-21.7%), from €29,174 to €22,857
of which Taxes: -€18,603
- Other debts -€5,842
down €5,842 (-8.5%), from €69,116 to €63,274
- Depreciation -€11,936
down €11,936 (-14.0%), from €84,996 to €73,060
- Staff costs +€7,217
up €7,217 (+8.4%), from €86,051 to €93,269
- Taxes +€4,740
up €4,740 (+88.2%), from €5,374 to €10,115
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €583,342 | €504,728 | -€78,614 | -13.5% |
| Fixed assets | 21/28 | €298,587 | €240,525 | -€58,062 | -19.4% |
| Intangible fixed assets | 21 | €290 | €63 | -€227 | -78.4% |
| Tangible fixed assets | 22/27 | €298,297 | €240,462 | -€57,835 | -19.4% |
| Plant, machinery and equipment | 23 | €63,612 | €45,094 | -€18,518 | -29.1% |
| Furniture and vehicles | 24 | €8,626 | €6,910 | -€1,717 | -19.9% |
| Other tangible fixed assets | 26 | €226,059 | €188,459 | -€37,600 | -16.6% |
| Current assets | 29/58 | €284,755 | €264,203 | -€20,551 | -7.2% |
| Stocks and contracts in progress | 3 | €53,000 | €43,000 | -€10,000 | -18.9% |
| Stocks | 30/36 | €53,000 | €43,000 | -€10,000 | -18.9% |
| Amounts receivable within one year | 40/41 | €12,613 | €56,797 | +€44,184 | +350% |
| Trade receivables | 40 | €1,828 | €12,943 | +€11,115 | +608% |
| Other amounts receivable | 41 | €10,785 | €43,854 | +€33,069 | +307% |
| Cash at bank and in hand | 54/58 | €185,992 | €164,069 | -€21,923 | -11.8% |
| Deferred charges and accrued income | 490/1 | €33,150 | €338 | -€32,812 | -99.0% |
| Total equity and liabilities | 10/49 | €583,342 | €504,728 | -€78,614 | -13.5% |
| Equity | 10/15 | €248,330 | €205,666 | -€42,664 | -17.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €229,738 | €187,074 | -€42,664 | -18.6% |
| Tax-exempt reserves | 132 | €470 | €470 | = | 0.0% |
| Distributable reserves | 133 | €229,268 | €186,604 | -€42,664 | -18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €335,012 | €299,062 | -€35,949 | -10.7% |
| Amounts payable after more than one year | 17 | €156,845 | €121,025 | -€35,820 | -22.8% |
| Financial debts | 170/4 | €156,845 | €121,025 | -€35,820 | -22.8% |
| Amounts payable within one year | 42/48 | €178,166 | €178,037 | -€129 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €39,716 | €40,923 | +€1,208 | +3.0% |
| Trade debts | 44 | €40,161 | €50,983 | +€10,822 | +26.9% |
| Suppliers | 440/4 | €40,161 | €50,983 | +€10,822 | +26.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €29,174 | €22,857 | -€6,317 | -21.7% |
| Taxes | 450/3 | €20,232 | €1,629 | -€18,603 | -91.9% |
| Remuneration and social security | 454/9 | €8,942 | €21,228 | +€12,286 | +137% |
| Other amounts payable | 47/48 | €69,116 | €63,274 | -€5,842 | -8.5% |
| Remuneration, social security and pensions | 62 | €86,051 | €93,269 | +€7,217 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,996 | €73,060 | -€11,936 | -14.0% |
| Other operating charges | 640/8 | €1,790 | €2,983 | +€1,193 | +66.7% |
| Non-recurring operating charges | 66A | €6,455 | €0 | -€6,455 | -100% |
| Gross operating margin | 9900 | €208,812 | €208,851 | +€38 | 0.0% |
| Operating profit (loss) | 9901 | €29,521 | €39,539 | +€10,018 | +33.9% |
| Financial income | 75/76B | €594 | €984 | +€390 | +65.7% |
| Recurring financial income | 75 | €594 | €984 | +€390 | +65.7% |
| Financial charges | 65/66B | €10,906 | €12,623 | +€1,716 | +15.7% |
| Recurring financial charges | 65 | €10,906 | €12,623 | +€1,716 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €19,209 | €27,901 | +€8,692 | +45.3% |
| Income taxes | 67/77 | €5,374 | €10,115 | +€4,740 | +88.2% |
| Profit (loss) for the period | 9904 | €13,834 | €17,786 | +€3,952 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,834 | €17,786 | +€3,952 | +28.6% |
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 29 October 2026 via checked.be.