BRICKS AND MORTAR: 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.
BRICKS AND MORTAR
Largest movements
- Stocks and contracts +€456,286
up €456,286 (+36,586%), from €1,247 to €457,533
- Receivables within one year -€97,535
down €97,535 (-78.1%), from €124,873 to €27,338
of which Trade receivables: -€87,169
- Cash -€69,382
down €69,382 (-35.2%), from €197,296 to €127,914
mainly Stocks and contracts (-€456,286) and Investment in fixed assets (net) (-€75,855)
- Financial fixed assets +€34,680
new in 2025: €34,680
- Tangible fixed assets +€29,695
up €29,695 (+24.3%), from €122,127 to €151,822
of which Furniture and vehicles: +€32,951
- Other debts +€244,661
up €244,661 (+191%), from €128,128 to €372,789
- Reserves +€63,668
up €63,668 (+66.2%), from €96,119 to €159,786
of which Distributable reserves: +€63,668
- Tax, wage and social debts +€23,702
up €23,702 (+382%), from €6,212 to €29,913
- Debts after one year +€21,061
up €21,061 (+56.4%), from €37,366 to €58,427
- Gross operating margin +€83,008
up €83,008 (+225%), from €36,904 to €119,912
- Taxes +€18,734
up €18,734 (+294%), from €6,367 to €25,100
- Financial charges +€7,075
up €7,075 (+71.6%), from €9,888 to €16,963
- Depreciation +€6,009
up €6,009 (+110%), from €5,471 to €11,479
- Other operating charges +€3,248
up €3,248 (+587%), from €553 to €3,801
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 | €445,543 | €804,399 | +€358,856 | +80.5% |
| Fixed assets | 21/28 | €122,127 | €186,502 | +€64,375 | +52.7% |
| Tangible fixed assets | 22/27 | €122,127 | €151,822 | +€29,695 | +24.3% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,891 | €10,635 | -€3,256 | -23.4% |
| Furniture and vehicles | 24 | €8,235 | €41,187 | +€32,951 | +400% |
| Financial fixed assets | 28 | - | €34,680 | +€34,680 | |
| Current assets | 29/58 | €323,416 | €617,897 | +€294,480 | +91.1% |
| Stocks and contracts in progress | 3 | €1,247 | €457,533 | +€456,286 | +36,586% |
| Stocks | 30/36 | €1,247 | €457,533 | +€456,286 | +36,586% |
| Amounts receivable within one year | 40/41 | €124,873 | €27,338 | -€97,535 | -78.1% |
| Trade receivables | 40 | €114,507 | €27,338 | -€87,169 | -76.1% |
| Other amounts receivable | 41 | €10,366 | - | -€10,366 | |
| Cash at bank and in hand | 54/58 | €197,296 | €127,914 | -€69,382 | -35.2% |
| Deferred charges and accrued income | 490/1 | - | €5,112 | +€5,112 | |
| Total equity and liabilities | 10/49 | €445,543 | €804,399 | +€358,856 | +80.5% |
| Equity | 10/15 | €241,528 | €305,196 | +€63,668 | +26.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,119 | €159,786 | +€63,668 | +66.2% |
| Tax-exempt reserves | 132 | €26,000 | €26,000 | = | 0.0% |
| Distributable reserves | 133 | €70,119 | €133,786 | +€63,668 | +90.8% |
| Profit (loss) carried forward | 14 | €139,209 | €139,209 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,000 | €1,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,000 | €1,000 | = | 0.0% |
| Environmental obligations | 163 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €203,015 | €498,203 | +€295,188 | +145% |
| Amounts payable after more than one year | 17 | €37,366 | €58,427 | +€21,061 | +56.4% |
| Financial debts | 170/4 | €37,366 | €58,427 | +€21,061 | +56.4% |
| Amounts payable within one year | 42/48 | €158,345 | €429,406 | +€271,061 | +171% |
| Current portion of amounts payable after more than one year | 42 | €10,935 | €16,022 | +€5,088 | +46.5% |
| Trade debts | 44 | €13,070 | €10,681 | -€2,390 | -18.3% |
| Suppliers | 440/4 | €13,070 | €10,681 | -€2,390 | -18.3% |
| Taxes, remuneration and social security | 45 | €6,212 | €29,913 | +€23,702 | +382% |
| Taxes | 450/3 | €6,212 | €29,913 | +€23,702 | +382% |
| Other amounts payable | 47/48 | €128,128 | €372,789 | +€244,661 | +191% |
| Accrued charges and deferred income | 492/3 | €7,303 | €10,370 | +€3,067 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,471 | €11,479 | +€6,009 | +110% |
| Other operating charges | 640/8 | €553 | €3,801 | +€3,248 | +587% |
| Gross operating margin | 9900 | €36,904 | €119,912 | +€83,008 | +225% |
| Operating profit (loss) | 9901 | €30,881 | €104,631 | +€73,751 | +239% |
| Financial income | 75/76B | €517 | €1,100 | +€583 | +113% |
| Recurring financial income | 75 | €517 | €1,100 | +€583 | +113% |
| Financial charges | 65/66B | €9,888 | €16,963 | +€7,075 | +71.6% |
| Recurring financial charges | 65 | €9,888 | €16,963 | +€7,075 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | €21,509 | €88,768 | +€67,259 | +313% |
| Income taxes | 67/77 | €6,367 | €25,100 | +€18,734 | +294% |
| Profit (loss) for the period | 9904 | €15,143 | €63,668 | +€48,525 | +320% |
| Profit (loss) for the period to be appropriated | 9905 | €15,143 | €63,668 | +€48,525 | +320% |
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 20 October 2026 via checked.be.