BRIEST: 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.
BRIEST
Largest movements
- Stocks and contracts +€155,317
up €155,317 (+32.8%), from €473,145 to €628,462
- Receivables within one year +€130,805
up €130,805 (+179%), from €73,197 to €204,001
of which Other amounts receivable: +€130,466
- Intangible fixed assets +€45,274
new in 2025: €45,274
- Cash +€26,190
up €26,190 (+16.6%), from €157,585 to €183,775
mainly Other debts (+€126,394) and Trade debts (+€89,267)
- Tangible fixed assets -€15,234
down €15,234 (-17.4%), from €87,703 to €72,469
of which Furniture and vehicles: -€17,980
- Other debts +€126,394
up €126,394 (+243%), from €52,079 to €178,473
- Trade debts +€89,267
up €89,267 (+196%), from €45,643 to €134,910
- Profit (loss) carried forward +€62,080
up €62,080 (+2,596%), from €2,391 to €64,472
- Debts after one year +€37,284
new in 2025: €37,284
- Current portion of long-term debt +€33,225
new in 2025: €33,225
- Staff costs +€95,794
up €95,794 (+42.2%), from €226,802 to €322,596
- Taxes -€45,456
down €45,456 (-70.1%), from €64,879 to €19,422
- Gross operating margin -€41,794
down €41,794 (-9.4%), from €443,706 to €401,913
- Financial income +€20,779
up €20,779 (+39.4%), from €52,706 to €73,486
- Financial charges +€7,241
up €7,241 (+64.6%), from €11,214 to €18,455
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 | €809,653 | €1,158,696 | +€349,043 | +43.1% |
| Fixed assets | 21/28 | €102,403 | €132,443 | +€30,040 | +29.3% |
| Intangible fixed assets | 21 | - | €45,274 | +€45,274 | |
| Tangible fixed assets | 22/27 | €87,703 | €72,469 | -€15,234 | -17.4% |
| Land and buildings | 22 | €6,619 | €5,505 | -€1,114 | -16.8% |
| Plant, machinery and equipment | 23 | €21,919 | €26,017 | +€4,098 | +18.7% |
| Furniture and vehicles | 24 | €58,926 | €40,946 | -€17,980 | -30.5% |
| Other tangible fixed assets | 26 | €238 | €0 | -€238 | -100% |
| Financial fixed assets | 28 | €14,700 | €14,700 | = | 0.0% |
| Current assets | 29/58 | €707,251 | €1,026,253 | +€319,003 | +45.1% |
| Stocks and contracts in progress | 3 | €473,145 | €628,462 | +€155,317 | +32.8% |
| Stocks | 30/36 | €473,145 | €628,462 | +€155,317 | +32.8% |
| Amounts receivable within one year | 40/41 | €73,197 | €204,001 | +€130,805 | +179% |
| Trade receivables | 40 | €2,555 | €2,894 | +€339 | +13.3% |
| Other amounts receivable | 41 | €70,642 | €201,108 | +€130,466 | +185% |
| Cash at bank and in hand | 54/58 | €157,585 | €183,775 | +€26,190 | +16.6% |
| Deferred charges and accrued income | 490/1 | €3,324 | €10,015 | +€6,691 | +201% |
| Total equity and liabilities | 10/49 | €809,653 | €1,158,696 | +€349,043 | +43.1% |
| Equity | 10/15 | €637,688 | €699,768 | +€62,080 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €616,697 | €616,697 | = | 0.0% |
| Distributable reserves | 133 | €616,697 | €616,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,391 | €64,472 | +€62,080 | +2,596% |
| Amounts payable | 17/49 | €171,965 | €458,928 | +€286,963 | +167% |
| Amounts payable after more than one year | 17 | - | €37,284 | +€37,284 | |
| Financial debts | 170/4 | - | €37,284 | +€37,284 | |
| Amounts payable within one year | 42/48 | €171,965 | €421,644 | +€249,678 | +145% |
| Current portion of amounts payable after more than one year | 42 | - | €33,225 | +€33,225 | |
| Financial debts | 43 | €22,433 | €8,022 | -€14,411 | -64.2% |
| Credit institutions | 430/8 | €22,433 | €8,022 | -€14,411 | -64.2% |
| Trade debts | 44 | €45,643 | €134,910 | +€89,267 | +196% |
| Suppliers | 440/4 | €45,643 | €134,910 | +€89,267 | +196% |
| Taxes, remuneration and social security | 45 | €51,811 | €67,014 | +€15,203 | +29.3% |
| Taxes | 450/3 | €27,367 | €32,750 | +€5,383 | +19.7% |
| Remuneration and social security | 454/9 | €24,444 | €34,264 | +€9,820 | +40.2% |
| Other amounts payable | 47/48 | €52,079 | €178,473 | +€126,394 | +243% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €226,802 | €322,596 | +€95,794 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,942 | €31,763 | +€4,821 | +17.9% |
| Other operating charges | 640/8 | €23,539 | €21,082 | -€2,457 | -10.4% |
| Gross operating margin | 9900 | €443,706 | €401,913 | -€41,794 | -9.4% |
| Operating profit (loss) | 9901 | €166,424 | €26,472 | -€139,952 | -84.1% |
| Financial income | 75/76B | €52,706 | €73,486 | +€20,779 | +39.4% |
| Recurring financial income | 75 | €52,706 | €73,486 | +€20,779 | +39.4% |
| Financial charges | 65/66B | €11,214 | €18,455 | +€7,241 | +64.6% |
| Recurring financial charges | 65 | €11,214 | €18,455 | +€7,241 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €207,916 | €81,503 | -€126,413 | -60.8% |
| Income taxes | 67/77 | €64,879 | €19,422 | -€45,456 | -70.1% |
| Profit (loss) for the period | 9904 | €143,037 | €62,080 | -€80,956 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €143,037 | €62,080 | -€80,956 | -56.6% |
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 22 October 2026 via checked.be.