BRICK & MORTAR LTI: 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 & MORTAR LTI
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+47.8%), from €3.5m to €5.2m
of which Land and buildings: +€1.7m
- Cash -€148,841
down €148,841 (-93.2%), from €159,735 to €10,894
- Receivables within one year +€146,798
up €146,798 (+672%), from €21,858 to €168,656
of which Other amounts receivable: +€149,285
- Debts after one year +€1.2m
up €1.2m (+60.0%), from €2.0m to €3.2m
- Contributions +€800,000
up €800,000 (+95.5%), from €838,002 to €1.6m
- Trade debts -€188,861
down €188,861 (-66.2%), from €285,193 to €96,332
- Profit (loss) carried forward -€80,999
down €80,999 (-221%), from -€36,578 to -€117,577
- Current portion of long-term debt -€61,460
down €61,460 (-78.0%), from €78,809 to €17,349
- Gross operating margin +€142,380
up €142,380 (+157%), from €90,591 to €232,971
- Financial charges +€101,291
up €101,291 (+728%), from €13,921 to €115,212
- Depreciation +€98,635
up €98,635 (+116%), from €85,390 to €184,025
- Other operating charges +€13,703
up €13,703 (+1,330%), from €1,031 to €14,733
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,691,905 | €5,374,773 | +€1.7m | +45.6% |
| Formation expenses | 20 | €5,106 | €1,868 | -€3,237 | -63.4% |
| Fixed assets | 21/28 | €3,497,911 | €5,170,624 | +€1.7m | +47.8% |
| Tangible fixed assets | 22/27 | €3,497,911 | €5,170,624 | +€1.7m | +47.8% |
| Land and buildings | 22 | €3,497,911 | €5,170,624 | +€1.7m | +47.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €188,888 | €202,280 | +€13,392 | +7.1% |
| Amounts receivable within one year | 40/41 | €21,858 | €168,656 | +€146,798 | +672% |
| Trade receivables | 40 | €7,800 | €5,313 | -€2,488 | -31.9% |
| Other amounts receivable | 41 | €14,058 | €163,343 | +€149,285 | +1,062% |
| Cash at bank and in hand | 54/58 | €159,735 | €10,894 | -€148,841 | -93.2% |
| Deferred charges and accrued income | 490/1 | €7,296 | €22,731 | +€15,435 | +212% |
| Total equity and liabilities | 10/49 | €3,691,905 | €5,374,773 | +€1.7m | +45.6% |
| Equity | 10/15 | €1,304,408 | €2,023,409 | +€719,001 | +55.1% |
| Contributions | 10/11 | €838,002 | €1,638,002 | +€800,000 | +95.5% |
| Revaluation surpluses | 12 | €491,125 | €491,125 | = | 0.0% |
| Reserves | 13 | €11,858 | €11,858 | = | 0.0% |
| Distributable reserves | 133 | €11,858 | €11,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,578 | -€117,577 | -€80,999 | -221% |
| Amounts payable | 17/49 | €2,387,498 | €3,351,364 | +€963,867 | +40.4% |
| Amounts payable after more than one year | 17 | €2,023,275 | €3,237,684 | +€1.2m | +60.0% |
| Financial debts | 170/4 | €2,023,275 | €3,237,684 | +€1.2m | +60.0% |
| Amounts payable within one year | 42/48 | €364,002 | €113,681 | -€250,321 | -68.8% |
| Current portion of amounts payable after more than one year | 42 | €78,809 | €17,349 | -€61,460 | -78.0% |
| Trade debts | 44 | €285,193 | €96,332 | -€188,861 | -66.2% |
| Suppliers | 440/4 | €285,193 | €96,332 | -€188,861 | -66.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €221 | - | -€221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,390 | €184,025 | +€98,635 | +116% |
| Other operating charges | 640/8 | €1,031 | €14,733 | +€13,703 | +1,330% |
| Gross operating margin | 9900 | €90,591 | €232,971 | +€142,380 | +157% |
| Operating profit (loss) | 9901 | €4,171 | €34,213 | +€30,042 | +720% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €13,921 | €115,212 | +€101,291 | +728% |
| Recurring financial charges | 65 | €13,921 | €115,212 | +€101,291 | +728% |
| Profit (loss) for the period before taxes | 9903 | -€9,750 | -€80,999 | -€71,249 | -731% |
| Profit (loss) for the period | 9904 | -€9,750 | -€80,999 | -€71,249 | -731% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,750 | -€80,999 | -€71,249 | -731% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.