BRIMARAL: 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.
What changed
BRIMARAL
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · -€4.7m+€7.4m
Equity
€61.5m
2024 · €58.7m+€2.8m
Cash
€625,790
2024 · €28,888+€596,902
Balance sheet total
€76.3m
2024 · €72.3m+€4.0m
Largest movements
Assets
- Current investments +€6.0m
new in 2025: €6.0m
- Financial fixed assets -€5.1m
down €5.1m (-10.0%), from €50.8m to €45.7m
of which Affiliated companies: -€5.6m
- Receivables within one year +€2.5m
up €2.5m (+13.1%), from €18.9m to €21.4m
of which Other amounts receivable: +€2.5m
Equity and liabilities
- Profit (loss) carried forward +€2.8m
up €2.8m (+748%), from €369,143 to €3.1m
- Other debts +€1.1m
up €1.1m (+8.3%), from €12.9m to €13.9m
Income statement
- Financial income +€7.4m
up €7.4m (+392%), from €1.9m to €9.3m
of which Non-recurring financial income: +€7.7m
- Financial charges -€355,718
down €355,718 (-5.5%), from €6.4m to €6.1m
of which Non-recurring financial charges: -€332,417
- Services and other goods +€188,201
up €188,201 (+68.9%), from €273,011 to €461,212
- Taxes +€88,898
up €88,898 (+17,087%), from €520 to €89,418
- Other operating income -€25,567
down €25,567 (-58.9%), from €43,435 to €17,868
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.
Result 2024
-€4.7m
Turnover
-€8,282
Other operating income
-€25,567
Services and other goods
-€188,201
Depreciation
+€804
Other operating charges
-€3,032
Financial income
+€7.4m
Financial charges
+€355,718
Taxes
-€88,898
Result 2025
€2.8m
raises the resultlowers the result
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.
From operations
+€1.5m
Investment
-€935,118
Financing
+€119
Cash 2024
€28,888
From operations (derived)
+€1.5m
Net result for the year
+€2.8m
Depreciation
+€104,880
Receivables within one year
-€2.5m
Deferred charges and accrued income
-€65,283
Trade debts
+€128,696
Tax, wage and social debts
+€107,914
Other debts
+€1.1m
Accrued charges and deferred income
-€92,324
Investment (derived)
-€935,118
Investment in fixed assets (net)
+€5.1m
Current investments
-€6.0m
Financing
+€119
Short-term financial debts
+€119
Cash 2025
€625,790
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,343,449 | €76,319,989 | +€4.0m | +5.5% |
| Fixed assets | 21/28 | €51,812,330 | €46,621,766 | -€5.2m | -10.0% |
| Tangible fixed assets | 22/27 | €985,493 | €880,613 | -€104,880 | -10.6% |
| Furniture and vehicles | 24 | €35,000 | €35,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €950,493 | €845,613 | -€104,880 | -11.0% |
| Financial fixed assets | 28 | €50,826,837 | €45,741,153 | -€5.1m | -10.0% |
| Affiliated companies | 280/1 | €50,826,837 | €45,192,731 | -€5.6m | -11.1% |
| Participating interests | 280 | €39,288,996 | €33,605,496 | -€5.7m | -14.5% |
| Amounts receivable | 281 | €11,537,841 | €11,587,235 | +€49,394 | +0.4% |
| Companies linked by participating interests | 282/3 | - | €48,423 | +€48,423 | |
| Amounts receivable | 283 | - | €48,423 | +€48,423 | |
| Other financial fixed assets | 284/8 | - | €500,000 | +€500,000 | |
| Amounts receivable and cash guarantees | 285/8 | - | €500,000 | +€500,000 | |
| Current assets | 29/58 | €20,531,119 | €29,698,223 | +€9.2m | +44.6% |
| Amounts receivable within one year | 40/41 | €18,902,293 | €21,386,411 | +€2.5m | +13.1% |
| Trade receivables | 40 | €91,947 | €62,147 | -€29,800 | -32.4% |
| Other amounts receivable | 41 | €18,810,346 | €21,324,264 | +€2.5m | +13.4% |
| Current investments | 50/53 | - | €6,020,802 | +€6.0m | |
| Other investments | 51/53 | - | €6,020,802 | +€6.0m | |
| Cash at bank and in hand | 54/58 | €28,888 | €625,790 | +€596,902 | +2,066% |
| Deferred charges and accrued income | 490/1 | €1,599,938 | €1,665,221 | +€65,283 | +4.1% |
| Total equity and liabilities | 10/49 | €72,343,449 | €76,319,989 | +€4.0m | +5.5% |
| Equity | 10/15 | €58,698,660 | €61,460,113 | +€2.8m | +4.7% |
| Contributions | 10/11 | €53,210,000 | €53,210,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,017,197 | €5,017,197 | = | 0.0% |
| Reserves | 13 | €102,320 | €102,320 | = | 0.0% |
| Distributable reserves | 133 | €102,320 | €102,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €369,143 | €3,130,596 | +€2.8m | +748% |
| Amounts payable | 17/49 | €13,644,789 | €14,859,876 | +€1.2m | +8.9% |
| Amounts payable within one year | 42/48 | €12,923,106 | €14,230,518 | +€1.3m | +10.1% |
| Financial debts | 43 | - | €119 | +€119 | |
| Credit institutions | 430/8 | - | €119 | +€119 | |
| Trade debts | 44 | €40,889 | €169,585 | +€128,696 | +315% |
| Suppliers | 440/4 | €40,889 | €169,585 | +€128,696 | +315% |
| Taxes, remuneration and social security | 45 | €12,801 | €120,714 | +€107,914 | +843% |
| Taxes | 450/3 | €8,654 | €116,283 | +€107,629 | +1,244% |
| Remuneration and social security | 454/9 | €4,146 | €4,432 | +€285 | +6.9% |
| Other amounts payable | 47/48 | €12,869,417 | €13,940,099 | +€1.1m | +8.3% |
| Accrued charges and deferred income | 492/3 | €721,683 | €629,359 | -€92,324 | -12.8% |
| Operating income | 70/76A | €249,297 | €215,448 | -€33,849 | -13.6% |
| Turnover | 70 | €205,862 | €197,580 | -€8,282 | -4.0% |
| Other operating income | 74 | €43,435 | €17,868 | -€25,567 | -58.9% |
| Operating charges | 60/66A | €384,726 | €575,154 | +€190,428 | +49.5% |
| Services and other goods | 61 | €273,011 | €461,212 | +€188,201 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,684 | €104,880 | -€804 | -0.8% |
| Other operating charges | 640/8 | €6,031 | €9,062 | +€3,032 | +50.3% |
| Operating profit (loss) | 9901 | -€135,429 | -€359,706 | -€224,277 | -166% |
| Financial income | 75/76B | €1,886,523 | €9,275,899 | +€7.4m | +392% |
| Recurring financial income | 75 | €1,886,523 | €1,622,278 | -€264,245 | -14.0% |
| Income from financial fixed assets | 750 | €900,775 | €448,565 | -€452,209 | -50.2% |
| Income from current assets | 751 | €985,748 | €1,173,712 | +€187,964 | +19.1% |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €7,653,622 | +€7.7m | |
| Financial charges | 65/66B | €6,421,040 | €6,065,323 | -€355,718 | -5.5% |
| Recurring financial charges | 65 | €724,926 | €701,626 | -€23,300 | -3.2% |
| Debt charges | 650 | €721,683 | €633,801 | -€87,882 | -12.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €56,403 | +€56,403 | |
| Other financial charges | 652/9 | €3,244 | €11,422 | +€8,178 | +252% |
| Non-recurring financial charges | 66B | €5,696,114 | €5,363,697 | -€332,417 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,669,946 | €2,850,871 | +€7.5m | |
| Income taxes | 67/77 | €520 | €89,418 | +€88,898 | +17,087% |
| Taxes | 670/3 | €520 | €89,418 | +€88,898 | +17,087% |
| Profit (loss) for the period | 9904 | -€4,670,466 | €2,761,453 | +€7.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,670,466 | €2,761,453 | +€7.4m |
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 19 October 2026 via checked.be.