BRICK IN THE WALL: 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
BRICK IN THE WALL
NACE 46.839, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€64,323
2024 · €59,634-€123,957
Equity
€928,529
2024 · €992,851-€64,323
Cash
€59,267
2024 · €38,260+€21,008
Balance sheet total
€2.6m
2024 · €3.0m-€327,602
Largest movements
Assets
- Tangible fixed assets -€204,349
down €204,349 (-11.1%), from €1.8m to €1.6m
of which Land and buildings: -€111,000
- Receivables within one year -€119,896
down €119,896 (-31.6%), from €379,560 to €259,665
of which Trade receivables: -€119,932
Equity and liabilities
- Other debts -€175,602
down €175,602 (-35.9%), from €489,642 to €314,040
- Debts after one year -€79,481
down €79,481 (-10.7%), from €739,547 to €660,066
- Profit (loss) carried forward -€64,323
down €64,323 (-15.5%), from €415,047 to €350,724
Income statement
- Gross operating margin -€270,635
down €270,635 (-23.1%), from €1.2m to €901,408
- Staff costs -€117,550
down €117,550 (-15.5%), from €759,543 to €641,993
- Write-downs -€21,897
down €21,897, from €17,572 to -€4,325
- Taxes -€17,366
down €17,366 (-97.4%), from €17,828 to €462
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
€59,634
Gross operating margin
-€270,635
Staff costs
+€117,550
Depreciation
-€10,094
Write-downs
+€21,897
Other operating charges
-€5,570
Financial income
+€4,818
Financial charges
+€712
Taxes
+€17,366
Result 2025
-€64,323
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
+€146,592
Investment
-€68,582
Financing
-€57,002
Cash 2024
€38,260
From operations (derived)
+€146,592
Net result for the year
-€64,323
Depreciation
+€275,091
Stocks and contracts
+€18,703
Receivables within one year
+€119,896
Deferred charges and accrued income
+€3,502
Trade debts
-€26,217
Tax, wage and social debts
-€17,612
Advances received
+€13,155
Other debts
-€175,602
Accrued charges and deferred income
-€1
Investment (derived)
-€68,582
Investment in fixed assets (net)
-€68,582
Financing
-€57,002
Debts after one year
-€79,481
Current portion of long-term debt
+€22,479
Cash 2025
€59,267
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,975,194 | €2,647,592 | -€327,602 | -11.0% |
| Fixed assets | 21/28 | €1,870,929 | €1,664,420 | -€206,509 | -11.0% |
| Intangible fixed assets | 21 | €29,088 | €26,928 | -€2,160 | -7.4% |
| Tangible fixed assets | 22/27 | €1,841,841 | €1,637,492 | -€204,349 | -11.1% |
| Land and buildings | 22 | €1,394,914 | €1,283,914 | -€111,000 | -8.0% |
| Plant, machinery and equipment | 23 | €373,324 | €298,938 | -€74,387 | -19.9% |
| Furniture and vehicles | 24 | €63,349 | €45,713 | -€17,636 | -27.8% |
| Other tangible fixed assets | 26 | €10,253 | €8,927 | -€1,326 | -12.9% |
| Current assets | 29/58 | €1,104,265 | €983,172 | -€121,093 | -11.0% |
| Stocks and contracts in progress | 3 | €677,253 | €658,549 | -€18,703 | -2.8% |
| Stocks | 30/36 | €677,253 | €658,549 | -€18,703 | -2.8% |
| Amounts receivable within one year | 40/41 | €379,560 | €259,665 | -€119,896 | -31.6% |
| Trade receivables | 40 | €379,560 | €259,628 | -€119,932 | -31.6% |
| Other amounts receivable | 41 | - | €36 | +€36 | |
| Cash at bank and in hand | 54/58 | €38,260 | €59,267 | +€21,008 | +54.9% |
| Deferred charges and accrued income | 490/1 | €9,192 | €5,691 | -€3,502 | -38.1% |
| Total equity and liabilities | 10/49 | €2,975,194 | €2,647,592 | -€327,602 | -11.0% |
| Equity | 10/15 | €992,851 | €928,529 | -€64,323 | -6.5% |
| Contributions | 10/11 | €555,960 | €555,960 | = | 0.0% |
| Capital | 10 | €555,960 | €555,960 | = | 0.0% |
| Issued capital | 100 | €555,960 | €555,960 | = | 0.0% |
| Reserves | 13 | €21,845 | €21,845 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,845 | €21,845 | = | 0.0% |
| Legal reserve | 130 | €21,845 | €21,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | €415,047 | €350,724 | -€64,323 | -15.5% |
| Amounts payable | 17/49 | €1,982,343 | €1,719,063 | -€263,279 | -13.3% |
| Amounts payable after more than one year | 17 | €739,547 | €660,066 | -€79,481 | -10.7% |
| Financial debts | 170/4 | €739,547 | €660,066 | -€79,481 | -10.7% |
| Amounts payable within one year | 42/48 | €1,242,793 | €1,058,995 | -€183,798 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €141,837 | €164,316 | +€22,479 | +15.8% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €200,991 | €174,774 | -€26,217 | -13.0% |
| Suppliers | 440/4 | €200,991 | €174,774 | -€26,217 | -13.0% |
| Advances received on contracts in progress | 46 | €68 | €13,222 | +€13,155 | +19,480% |
| Taxes, remuneration and social security | 45 | €160,255 | €142,643 | -€17,612 | -11.0% |
| Taxes | 450/3 | €37,949 | €17,763 | -€20,186 | -53.2% |
| Remuneration and social security | 454/9 | €122,306 | €124,880 | +€2,574 | +2.1% |
| Other amounts payable | 47/48 | €489,642 | €314,040 | -€175,602 | -35.9% |
| Accrued charges and deferred income | 492/3 | €3 | €1 | -€1 | -42.2% |
| Remuneration, social security and pensions | 62 | €759,543 | €641,993 | -€117,550 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,996 | €275,091 | +€10,094 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,572 | -€4,325 | -€21,897 | |
| Other operating charges | 640/8 | €9,858 | €15,428 | +€5,570 | +56.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,172,042 | €901,408 | -€270,635 | -23.1% |
| Operating profit (loss) | 9901 | €120,073 | -€26,779 | -€146,853 | |
| Financial income | 75/76B | €441 | €5,259 | +€4,818 | +1,094% |
| Recurring financial income | 75 | €441 | €5,259 | +€4,818 | +1,094% |
| Financial charges | 65/66B | €43,052 | €42,340 | -€712 | -1.7% |
| Recurring financial charges | 65 | €43,052 | €42,340 | -€712 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €77,462 | -€63,861 | -€141,322 | |
| Income taxes | 67/77 | €17,828 | €462 | -€17,366 | -97.4% |
| Profit (loss) for the period | 9904 | €59,634 | -€64,323 | -€123,957 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,634 | -€64,323 | -€123,957 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.