Brick Masters: 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.
Brick Masters
Largest movements
- Stocks and contracts -€77,861
down €77,861 (-2.0%), from €3.8m to €3.7m
of which Contracts in progress: -€434,270
- Other debts -€331,267
down €331,267 (-77.1%), from €429,627 to €98,360
- Short-term financial debts +€118,498
up €118,498 (+9.7%), from €1.2m to €1.3m
- Profit (loss) carried forward +€95,093
up €95,093 (+39.7%), from -€239,238 to -€144,145
- Gross operating margin +€206,761
up €206,761 (+293.4%), from €70,480 to €277,242
- Financial charges -€42,233
down €42,233 (-21.9%), from €193,064 to €150,830
- Taxes +€31,205
up €31,205, from €0 to €31,205
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 | €3,976,517 | €3,871,962 | -€104,555 | -2.6% |
| Current assets | 29/58 | €3,976,517 | €3,871,962 | -€104,555 | -2.6% |
| Stocks and contracts in progress | 3 | €3,827,547 | €3,749,685 | -€77,861 | -2.0% |
| Stocks | 30/36 | €3,393,277 | €3,749,685 | +€356,408 | +10.5% |
| Contracts in progress | 37 | €434,270 | €0 | -€434,270 | -100.0% |
| Amounts receivable within one year | 40/41 | €51,209 | €49,735 | -€1,474 | -2.9% |
| Trade receivables | 40 | €5 | €29 | +€25 | +506.6% |
| Other amounts receivable | 41 | €51,204 | €49,705 | -€1,499 | -2.9% |
| Cash at bank and in hand | 54/58 | €97,762 | €72,542 | -€25,220 | -25.8% |
| Total equity and liabilities | 10/49 | €3,976,517 | €3,871,962 | -€104,555 | -2.6% |
| Equity | 10/15 | -€179,238 | -€84,145 | +€95,093 | +53.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,238 | -€144,145 | +€95,093 | +39.7% |
| Amounts payable | 17/49 | €4,155,755 | €3,956,107 | -€199,648 | -4.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,155,718 | €3,956,107 | -€199,611 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €2,391,773 | €2,391,773 | = | 0.0% |
| Financial debts | 43 | €1,226,624 | €1,345,122 | +€118,498 | +9.7% |
| Credit institutions | 430/8 | €1,226,624 | €1,345,122 | +€118,498 | +9.7% |
| Trade debts | 44 | €95,321 | €93,455 | -€1,867 | -2.0% |
| Suppliers | 440/4 | €95,321 | €93,455 | -€1,867 | -2.0% |
| Advances received on contracts in progress | 46 | €1,845 | €12,066 | +€10,221 | +553.9% |
| Taxes, remuneration and social security | 45 | €10,528 | €15,332 | +€4,804 | +45.6% |
| Taxes | 450/3 | €10,528 | €15,332 | +€4,804 | +45.6% |
| Other amounts payable | 47/48 | €429,627 | €98,360 | -€331,267 | -77.1% |
| Accrued charges and deferred income | 492/3 | €37 | €0 | -€37 | -100.0% |
| Non-recurring operating income | 76A | €0 | €19 | +€19 | |
| Other operating charges | 640/8 | €172 | €120 | -€52 | -30.2% |
| Gross operating margin | 9900 | €70,480 | €277,242 | +€206,761 | +293.4% |
| Operating profit (loss) | 9901 | €70,308 | €277,122 | +€206,813 | +294.2% |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Financial charges | 65/66B | €193,064 | €150,830 | -€42,233 | -21.9% |
| Recurring financial charges | 65 | €193,064 | €150,830 | -€42,233 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€122,755 | €126,297 | +€249,053 | |
| Income taxes | 67/77 | €0 | €31,205 | +€31,205 | |
| Profit (loss) for the period | 9904 | -€122,755 | €95,093 | +€217,848 | |
| Profit (loss) for the period to be appropriated | 9905 | -€122,755 | €95,093 | +€217,848 |
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 11 October 2026 via checked.be.