BRILLANT: 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.
BRILLANT
Largest movements
- Tangible fixed assets +€535,540
up €535,540 (+29.3%), from €1.8m to €2.4m
of which Land and buildings: +€543,422
- Cash -€88,730
down €88,730 (-76.8%), from €115,546 to €26,816
mainly Investment in fixed assets (net) (-€577,845) and Net result for the year (-€108,362)
- Current investments -€61,758
down €61,758 (-4.6%), from €1.4m to €1.3m
- Short-term financial debts +€399,926
up €399,926 (+541905.4%), from €74 to €400,000
- Trade debts +€108,716
up €108,716 (+620.1%), from €17,532 to €126,248
- Profit (loss) carried forward -€101,105
down €101,105 (-152.5%), from -€66,297 to -€167,402
- Gross operating margin -€795,221
down €795,221 (-90.5%), from €878,302 to €83,081
- Financial income +€47,031
up €47,031 (+970.5%), from €4,846 to €51,876
- Staff costs -€26,771
down €26,771 (-39.7%), from €67,501 to €40,730
- Depreciation +€13,566
up €13,566 (+63.9%), from €21,240 to €34,805
- Financial charges +€10,092
up €10,092 (+573.8%), from €1,759 to €11,850
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 | €3,359,985 | €3,782,309 | +€422,325 | +12.6% |
| Fixed assets | 21/28 | €1,826,549 | €2,369,589 | +€543,040 | +29.7% |
| Tangible fixed assets | 22/27 | €1,826,549 | €2,362,089 | +€535,540 | +29.3% |
| Land and buildings | 22 | €1,586,239 | €2,129,661 | +€543,422 | +34.3% |
| Plant, machinery and equipment | 23 | €9,165 | €6,101 | -€3,064 | -33.4% |
| Furniture and vehicles | 24 | €231,145 | €226,327 | -€4,818 | -2.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | - | €7,500 | +€7,500 | |
| Current assets | 29/58 | €1,533,436 | €1,412,721 | -€120,715 | -7.9% |
| Amounts receivable within one year | 40/41 | €64,741 | €87,988 | +€23,247 | +35.9% |
| Trade receivables | 40 | €27,372 | €25,425 | -€1,947 | -7.1% |
| Other amounts receivable | 41 | €37,369 | €62,563 | +€25,194 | +67.4% |
| Current investments | 50/53 | €1,350,000 | €1,288,242 | -€61,758 | -4.6% |
| Cash at bank and in hand | 54/58 | €115,546 | €26,816 | -€88,730 | -76.8% |
| Deferred charges and accrued income | 490/1 | €3,148 | €9,675 | +€6,527 | +207.3% |
| Total equity and liabilities | 10/49 | €3,359,985 | €3,782,309 | +€422,325 | +12.6% |
| Equity | 10/15 | €3,041,376 | €2,933,014 | -€108,362 | -3.6% |
| Contributions | 10/11 | €896,708 | €896,708 | = | 0.0% |
| Reserves | 13 | €2,210,965 | €2,203,708 | -€7,258 | -0.3% |
| Non-distributable reserves | 130/1 | €54,510 | €54,510 | = | 0.0% |
| Reserves not available under the articles | 1311 | €54,510 | €54,510 | = | 0.0% |
| Tax-exempt reserves | 132 | €806,697 | €799,439 | -€7,258 | -0.9% |
| Distributable reserves | 133 | €1,349,758 | €1,349,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,297 | -€167,402 | -€101,105 | -152.5% |
| Provisions and deferred taxes | 16 | €268,878 | €266,458 | -€2,419 | -0.9% |
| Deferred taxes | 168 | €268,878 | €266,458 | -€2,419 | -0.9% |
| Amounts payable | 17/49 | €49,731 | €582,837 | +€533,106 | +1072.0% |
| Amounts payable within one year | 42/48 | €49,731 | €582,837 | +€533,106 | +1072.0% |
| Financial debts | 43 | €74 | €400,000 | +€399,926 | +541905.4% |
| Credit institutions | 430/8 | €74 | €400,000 | +€399,926 | +541905.4% |
| Trade debts | 44 | €17,532 | €126,248 | +€108,716 | +620.1% |
| Suppliers | 440/4 | €17,532 | €126,248 | +€108,716 | +620.1% |
| Taxes, remuneration and social security | 45 | €32,125 | €56,589 | +€24,464 | +76.2% |
| Taxes | 450/3 | €3,546 | €51,121 | +€47,576 | +1341.9% |
| Remuneration and social security | 454/9 | €28,580 | €5,468 | -€23,112 | -80.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €844,744 | €32,434 | -€812,310 | -96.2% |
| Remuneration, social security and pensions | 62 | €67,501 | €40,730 | -€26,771 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,240 | €34,805 | +€13,566 | +63.9% |
| Other operating charges | 640/8 | €10,217 | €9,815 | -€402 | -3.9% |
| Non-recurring operating charges | 66A | €1,492 | €146,656 | +€145,164 | +9729.4% |
| Gross operating margin | 9900 | €878,302 | €83,081 | -€795,221 | -90.5% |
| Operating profit (loss) | 9901 | €777,852 | -€148,926 | -€926,778 | |
| Financial income | 75/76B | €4,846 | €51,876 | +€47,031 | +970.5% |
| Recurring financial income | 75 | €4,846 | €51,876 | +€47,031 | +970.5% |
| Financial charges | 65/66B | €1,759 | €11,850 | +€10,092 | +573.8% |
| Recurring financial charges | 65 | €1,759 | €11,850 | +€10,092 | +573.8% |
| Profit (loss) for the period before taxes | 9903 | €780,940 | -€108,900 | -€889,839 | |
| Transfer from deferred taxes | 780 | €0 | €2,419 | +€2,419 | |
| Transfer to deferred taxes | 680 | €211,186 | €0 | -€211,186 | -100.0% |
| Income taxes | 67/77 | €2,493 | €1,882 | -€611 | -24.5% |
| Profit (loss) for the period | 9904 | €567,261 | -€108,362 | -€675,623 | |
| Transfer from tax-exempt reserves | 789 | €0 | €7,258 | +€7,258 | |
| Transfer to tax-exempt reserves | 689 | €633,558 | €0 | -€633,558 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,297 | -€101,105 | -€34,807 | -52.5% |
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 29 September 2026 via checked.be.