BRIN D’ACIER: 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.
BRIN D’ACIER
Largest movements
- Receivables within one year -€16,802
down €16,802 (-47.1%), from €35,658 to €18,856
of which Trade receivables: -€19,155
- Cash -€3,013
down €3,013 (-2.3%), from €128,730 to €125,717
mainly Contributions, distributions and other (-€11,039) and Tax, wage and social debts (-€8,061)
- Tax, wage and social debts -€8,061
down €8,061 (-31.1%), from €25,912 to €17,851
of which Taxes: -€10,238
- Trade debts -€5,925
down €5,925 (-8.8%), from €67,308 to €61,383
- Profit (loss) carried forward +€5,726
up €5,726 (+8.4%), from €68,072 to €73,798
- Advances received -€5,354
down €5,354 (-26.7%), from €20,063 to €14,710
- Contributions -€5,000
down €5,000 (-8.7%), from €57,200 to €52,200
- Gross operating margin -€38,109
down €38,109 (-37.9%), from €100,538 to €62,429
- Financial income -€18,706
down €18,706 (-83.7%), from €22,339 to €3,632
- Taxes -€13,826
down €13,826 (-82.2%), from €16,812 to €2,986
- Staff costs +€13,629
up €13,629 (+43.2%), from €31,529 to €45,158
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 | €240,836 | €221,859 | -€18,977 | -7.9% |
| Fixed assets | 21/28 | €16,613 | €14,206 | -€2,407 | -14.5% |
| Intangible fixed assets | 21 | €2,362 | €1,762 | -€600 | -25.4% |
| Tangible fixed assets | 22/27 | €13,951 | €12,144 | -€1,807 | -13.0% |
| Land and buildings | 22 | €977 | €634 | -€343 | -35.1% |
| Furniture and vehicles | 24 | €12,974 | €11,510 | -€1,464 | -11.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €224,223 | €207,653 | -€16,570 | -7.4% |
| Stocks and contracts in progress | 3 | €59,644 | €61,970 | +€2,326 | +3.9% |
| Stocks | 30/36 | €59,644 | €61,970 | +€2,326 | +3.9% |
| Amounts receivable within one year | 40/41 | €35,658 | €18,856 | -€16,802 | -47.1% |
| Trade receivables | 40 | €35,658 | €16,504 | -€19,155 | -53.7% |
| Other amounts receivable | 41 | - | €2,353 | +€2,353 | |
| Cash at bank and in hand | 54/58 | €128,730 | €125,717 | -€3,013 | -2.3% |
| Deferred charges and accrued income | 490/1 | €191 | €1,110 | +€919 | +480% |
| Total equity and liabilities | 10/49 | €240,836 | €221,859 | -€18,977 | -7.9% |
| Equity | 10/15 | €127,429 | €127,916 | +€487 | +0.4% |
| Contributions | 10/11 | €57,200 | €52,200 | -€5,000 | -8.7% |
| Capital | 10 | €57,200 | €52,200 | -€5,000 | -8.7% |
| Issued capital | 100 | €57,200 | €52,200 | -€5,000 | -8.7% |
| Profit (loss) carried forward | 14 | €68,072 | €73,798 | +€5,726 | +8.4% |
| Investment grants | 15 | €2,157 | €1,918 | -€240 | -11.1% |
| Amounts payable | 17/49 | €113,407 | €93,944 | -€19,463 | -17.2% |
| Amounts payable within one year | 42/48 | €113,407 | €93,944 | -€19,463 | -17.2% |
| Trade debts | 44 | €67,308 | €61,383 | -€5,925 | -8.8% |
| Suppliers | 440/4 | €67,308 | €61,383 | -€5,925 | -8.8% |
| Advances received on contracts in progress | 46 | €20,063 | €14,710 | -€5,354 | -26.7% |
| Taxes, remuneration and social security | 45 | €25,912 | €17,851 | -€8,061 | -31.1% |
| Taxes | 450/3 | €20,020 | €9,782 | -€10,238 | -51.1% |
| Remuneration and social security | 454/9 | €5,892 | €8,069 | +€2,177 | +36.9% |
| Other amounts payable | 47/48 | €124 | - | -€124 | |
| Remuneration, social security and pensions | 62 | €31,529 | €45,158 | +€13,629 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,668 | €2,407 | -€261 | -9.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €26 | +€26 | |
| Other operating charges | 640/8 | €1,148 | €1,412 | +€264 | +23.0% |
| Gross operating margin | 9900 | €100,538 | €62,429 | -€38,109 | -37.9% |
| Operating profit (loss) | 9901 | €65,194 | €13,426 | -€51,768 | -79.4% |
| Financial income | 75/76B | €22,339 | €3,632 | -€18,706 | -83.7% |
| Recurring financial income | 75 | €22,339 | €3,632 | -€18,706 | -83.7% |
| Financial charges | 65/66B | €2,648 | €2,546 | -€103 | -3.9% |
| Recurring financial charges | 65 | €2,648 | €2,546 | -€103 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €84,884 | €14,512 | -€70,372 | -82.9% |
| Income taxes | 67/77 | €16,812 | €2,986 | -€13,826 | -82.2% |
| Profit (loss) for the period | 9904 | €68,072 | €11,526 | -€56,546 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,072 | €11,526 | -€56,546 | -83.1% |
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 23 October 2026 via checked.be.