BRIGITTE MOREELS: what changed
Two fiscal 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.
BRIGITTE MOREELS
Largest movements
- Cash +€46,940
up €46,940 (+84.1%), from €55,843 to €102,783
mainly Net result for the year (+€27,247) and Receivables within one year (+€25,841)
- Receivables within one year -€25,841
down €25,841 (-78.8%), from €32,791 to €6,950
- Reserves +€27,247
up €27,247 (+61.2%), from €44,531 to €71,778
- Tax, wage and social debts -€7,626
down €7,626 (-31.7%), from €24,025 to €16,399
- Other debts +€1,132
up €1,132 (+64.0%), from €1,768 to €2,900
- Gross operating margin -€18,321
down €18,321 (-31.5%), from €58,073 to €39,753
- Taxes -€4,778
down €4,778 (-28.3%), from €16,881 to €12,103
- Depreciation -€1,506
no longer reported in 2025 (was €1,506)
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 | €89,132 | €109,733 | +€20,601 | +23.1% |
| Fixed assets | 21/28 | €498 | - | -€498 | |
| Tangible fixed assets | 22/27 | €498 | - | -€498 | |
| Furniture and vehicles | 24 | €498 | - | -€498 | |
| Current assets | 29/58 | €88,635 | €109,733 | +€21,099 | +23.8% |
| Amounts receivable within one year | 40/41 | €32,791 | €6,950 | -€25,841 | -78.8% |
| Trade receivables | 40 | €32,791 | €6,950 | -€25,841 | -78.8% |
| Cash at bank and in hand | 54/58 | €55,843 | €102,783 | +€46,940 | +84.1% |
| Total equity and liabilities | 10/49 | €89,132 | €109,733 | +€20,601 | +23.1% |
| Equity | 10/15 | €63,131 | €90,378 | +€27,247 | +43.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,531 | €71,778 | +€27,247 | +61.2% |
| Distributable reserves | 133 | €44,531 | €71,778 | +€27,247 | +61.2% |
| Amounts payable | 17/49 | €26,001 | €19,355 | -€6,645 | -25.6% |
| Amounts payable within one year | 42/48 | €26,001 | €19,355 | -€6,645 | -25.6% |
| Trade debts | 44 | €208 | €57 | -€151 | -72.6% |
| Suppliers | 440/4 | €208 | €57 | -€151 | -72.6% |
| Taxes, remuneration and social security | 45 | €24,025 | €16,399 | -€7,626 | -31.7% |
| Taxes | 450/3 | €24,025 | €16,399 | -€7,626 | -31.7% |
| Other amounts payable | 47/48 | €1,768 | €2,900 | +€1,132 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,506 | - | -€1,506 | |
| Other operating charges | 640/8 | €340 | €352 | +€11 | +3.4% |
| Gross operating margin | 9900 | €58,073 | €39,753 | -€18,321 | -31.5% |
| Operating profit (loss) | 9901 | €56,227 | €39,401 | -€16,826 | -29.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €61 | €52 | -€8 | -13.8% |
| Recurring financial charges | 65 | €61 | €52 | -€8 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €56,167 | €39,350 | -€16,817 | -29.9% |
| Income taxes | 67/77 | €16,881 | €12,103 | -€4,778 | -28.3% |
| Profit (loss) for the period | 9904 | €39,285 | €27,247 | -€12,039 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,285 | €27,247 | -€12,039 | -30.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.