BRISSAGO: what changed
What changed
BRISSAGO
filed annual accounts (NBB)
Net result for the year
€9,590
2024 · €3,056+€6,533
Equity
€787,128
2024 · €777,538+€9,590
Cash
€203,895
2024 · €43,222+€160,672
Balance sheet total
€1.5m
2024 · €1.7m-€137,987
Largest movements
Assets
- Cash +€160,672
up €160,672 (+372%), from €43,222 to €203,895
mainly Current investments (+€160,000) and Depreciation (+€137,852)
- Current investments -€160,000
down €160,000 (-100%), from €160,000 to €0
- Tangible fixed assets -€137,852
down €137,852 (-9.4%), from €1.5m to €1.3m
of which Land and buildings: -€73,917
Equity and liabilities
- Debts after one year -€131,255
down €131,255 (-20.7%), from €633,442 to €502,188
of which Financial debts: -€131,255
Income statement
- Gross operating margin +€11,273
up €11,273 (+7.2%), from €157,140 to €168,412
- Financial charges -€4,044
down €4,044 (-20.0%), from €20,253 to €16,209
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3,056
Gross operating margin
+€11,273
Depreciation
-€26
Other operating charges
+€634
Financial income
-€903
Financial charges
+€4,044
Deferred taxes and other
-€8,487
Result 2025
€9,590
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€127,750
Investment
+€160,000
Financing
-€127,077
Cash 2024
€43,222
From operations (derived)
+€127,750
Net result for the year
+€9,590
Depreciation
+€137,852
Deferred charges and accrued income
+€807
Provisions
-€12,861
Trade debts
-€745
Tax, wage and social debts
-€2,200
Other debts
+€280
Accrued charges and deferred income
-€4,974
Investment (derived)
+€160,000
Current investments
+€160,000
Financing
-€127,077
Debts after one year
-€131,255
Current portion of long-term debt
+€4,177
Cash 2025
€203,895
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,674,106 | €1,536,119 | -€137,987 | -8.2% |
| Fixed assets | 21/28 | €1,465,379 | €1,327,527 | -€137,852 | -9.4% |
| Tangible fixed assets | 22/27 | €1,465,379 | €1,327,527 | -€137,852 | -9.4% |
| Land and buildings | 22 | €1,153,861 | €1,079,944 | -€73,917 | -6.4% |
| Other tangible fixed assets | 26 | €311,518 | €247,583 | -€63,935 | -20.5% |
| Current assets | 29/58 | €208,727 | €208,592 | -€135 | -0.1% |
| Current investments | 50/53 | €160,000 | €0 | -€160,000 | -100% |
| Cash at bank and in hand | 54/58 | €43,222 | €203,895 | +€160,672 | +372% |
| Deferred charges and accrued income | 490/1 | €5,505 | €4,697 | -€807 | -14.7% |
| Total equity and liabilities | 10/49 | €1,674,106 | €1,536,119 | -€137,987 | -8.2% |
| Equity | 10/15 | €777,538 | €787,128 | +€9,590 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €758,151 | €768,039 | +€9,888 | +1.3% |
| Non-distributable reserves | 130/1 | €60,350 | €60,350 | = | 0.0% |
| Financial assistance | 1313 | €60,350 | €60,350 | = | 0.0% |
| Tax-exempt reserves | 132 | €239,801 | €213,689 | -€26,112 | -10.9% |
| Distributable reserves | 133 | €458,000 | €494,000 | +€36,000 | +7.9% |
| Profit (loss) carried forward | 14 | €788 | €489 | -€298 | -37.9% |
| Provisions and deferred taxes | 16 | €118,111 | €105,250 | -€12,861 | -10.9% |
| Deferred taxes | 168 | €118,111 | €105,250 | -€12,861 | -10.9% |
| Amounts payable | 17/49 | €778,457 | €643,742 | -€134,716 | -17.3% |
| Amounts payable after more than one year | 17 | €633,442 | €502,188 | -€131,255 | -20.7% |
| Financial debts | 170/4 | €632,142 | €500,888 | -€131,255 | -20.8% |
| Other amounts payable | 178/9 | €1,300 | €1,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €136,590 | €138,102 | +€1,513 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €127,077 | €131,255 | +€4,177 | +3.3% |
| Trade debts | 44 | €6,219 | €5,475 | -€745 | -12.0% |
| Suppliers | 440/4 | €6,219 | €5,475 | -€745 | -12.0% |
| Taxes, remuneration and social security | 45 | €3,293 | €1,094 | -€2,200 | -66.8% |
| Taxes | 450/3 | €3,293 | €1,094 | -€2,200 | -66.8% |
| Other amounts payable | 47/48 | - | €280 | +€280 | |
| Accrued charges and deferred income | 492/3 | €8,425 | €3,452 | -€4,974 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,826 | €137,852 | +€26 | 0.0% |
| Other operating charges | 640/8 | €18,247 | €17,613 | -€634 | -3.5% |
| Gross operating margin | 9900 | €157,140 | €168,412 | +€11,273 | +7.2% |
| Operating profit (loss) | 9901 | €1,067 | €12,948 | +€11,880 | +1,113% |
| Financial income | 75/76B | €4,193 | €3,290 | -€903 | -21.5% |
| Recurring financial income | 75 | €4,193 | €3,290 | -€903 | -21.5% |
| Financial charges | 65/66B | €20,253 | €16,209 | -€4,044 | -20.0% |
| Recurring financial charges | 65 | €20,253 | €16,209 | -€4,044 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,992 | €29 | +€15,021 | |
| Transfer from deferred taxes | 780 | €21,348 | €12,861 | -€8,487 | -39.8% |
| Income taxes | 67/77 | €3,300 | €3,300 | = | 0.0% |
| Profit (loss) for the period | 9904 | €3,056 | €9,590 | +€6,533 | +214% |
| Transfer from tax-exempt reserves | 789 | €31,035 | €26,112 | -€4,923 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,091 | €35,702 | +€1,610 | +4.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.