BRINVEST: 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.
BRINVEST
Largest movements
- Receivables within one year -€27,145
down €27,145 (-99.3%), from €27,332 to €186
- Tangible fixed assets -€14,720
down €14,720 (-2.6%), from €568,237 to €553,517
- Debts after one year -€29,817
down €29,817 (-7.5%), from €398,705 to €368,889
of which Financial debts: -€26,667
- Reserves -€28,117
down €28,117 (-30.3%), from €92,746 to €64,629
of which Distributable reserves: -€28,117
- Other debts +€17,236
up €17,236 (+33.6%), from €51,283 to €68,519
- Financial charges -€2,921
down €2,921 (-13.8%), from €21,199 to €18,278
- Gross operating margin -€2,176
down €2,176 (-24.8%), from €8,787 to €6,610
- Taxes +€613
up €613, from -€14 to €600
- Other operating charges +€432
up €432 (+42.6%), from €1,013 to €1,444
- Financial income +€155
up €155 (+97.5%), from €159 to €315
of which Non-recurring financial income: +€101
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 | €597,985 | €555,136 | -€42,849 | -7.2% |
| Fixed assets | 21/28 | €568,237 | €553,517 | -€14,720 | -2.6% |
| Tangible fixed assets | 22/27 | €568,237 | €553,517 | -€14,720 | -2.6% |
| Land and buildings | 22 | €568,237 | €553,517 | -€14,720 | -2.6% |
| Current assets | 29/58 | €29,748 | €1,619 | -€28,129 | -94.6% |
| Amounts receivable within one year | 40/41 | €27,332 | €186 | -€27,145 | -99.3% |
| Other amounts receivable | 41 | €27,332 | €186 | -€27,145 | -99.3% |
| Cash at bank and in hand | 54/58 | €2,416 | €1,433 | -€983 | -40.7% |
| Total equity and liabilities | 10/49 | €597,985 | €555,136 | -€42,849 | -7.2% |
| Equity | 10/15 | €118,046 | €89,929 | -€28,117 | -23.8% |
| Contributions | 10/11 | €25,300 | €25,300 | = | 0.0% |
| Reserves | 13 | €92,746 | €64,629 | -€28,117 | -30.3% |
| Tax-exempt reserves | 132 | €822 | €822 | = | 0.0% |
| Distributable reserves | 133 | €91,924 | €63,806 | -€28,117 | -30.6% |
| Amounts payable | 17/49 | €479,939 | €465,207 | -€14,732 | -3.1% |
| Amounts payable after more than one year | 17 | €398,705 | €368,889 | -€29,817 | -7.5% |
| Financial debts | 170/4 | €395,555 | €368,889 | -€26,667 | -6.7% |
| Other amounts payable | 178/9 | €3,150 | €0 | -€3,150 | -100% |
| Amounts payable within one year | 42/48 | €81,233 | €96,319 | +€15,085 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €28,889 | €26,667 | -€2,222 | -7.7% |
| Trade debts | 44 | €1,061 | €1,133 | +€71 | +6.7% |
| Suppliers | 440/4 | €1,061 | €1,133 | +€71 | +6.7% |
| Other amounts payable | 47/48 | €51,283 | €68,519 | +€17,236 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,663 | €14,720 | +€58 | +0.4% |
| Other operating charges | 640/8 | €1,013 | €1,444 | +€432 | +42.6% |
| Gross operating margin | 9900 | €8,787 | €6,610 | -€2,176 | -24.8% |
| Operating profit (loss) | 9901 | -€6,889 | -€9,554 | -€2,666 | -38.7% |
| Financial income | 75/76B | €159 | €315 | +€155 | +97.5% |
| Recurring financial income | 75 | €10 | €65 | +€55 | +545% |
| Non-recurring financial income | 76B | €149 | €250 | +€101 | +67.5% |
| Financial charges | 65/66B | €21,199 | €18,278 | -€2,921 | -13.8% |
| Recurring financial charges | 65 | €21,199 | €18,278 | -€2,921 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,928 | -€27,518 | +€411 | +1.5% |
| Income taxes | 67/77 | -€14 | €600 | +€613 | |
| Profit (loss) for the period | 9904 | -€27,915 | -€28,117 | -€203 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,915 | -€28,117 | -€203 | -0.7% |
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 29 October 2026 via checked.be.