BRIX Invest: 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
BRIX Invest
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€194,580
2024 · -€573,666+€379,087
Equity
€48.8m
2024 · €46.4m+€2.4m
Cash
€463,395
2024 · €1.8m-€1.3m
Balance sheet total
€108.0m
2024 · €91.8m+€16.2m
Largest movements
Assets
- Tangible fixed assets +€14.9m
up €14.9m (+16.8%), from €88.7m to €103.5m
of which Land and buildings: +€14.7m
- Cash -€1.3m
down €1.3m (-73.7%), from €1.8m to €463,395
mainly Investment in fixed assets (net) (-€17.8m) and Short-term financial debts (-€2.6m)
- Financial fixed assets +€1.3m
up €1.3m (+134%), from €960,600 to €2.2m
Equity and liabilities
- Debts after one year +€16.4m
up €16.4m (+53.4%), from €30.7m to €47.1m
of which Financial debts: +€16.4m
- Short-term financial debts -€2.6m
down €2.6m (-22.3%), from €11.7m to €9.1m
- Revaluation surpluses +€2.6m
up €2.6m (+5.6%), from €45.8m to €48.4m
Income statement
- Gross operating margin +€1.4m
up €1.4m (+68.0%), from €2.1m to €3.6m
- Financial charges +€651,305
up €651,305 (+44.3%), from €1.5m to €2.1m
- Depreciation +€443,739
up €443,739 (+38.7%), from €1.1m to €1.6m
- Financial income +€50,995
up €50,995 (+156%), from €32,604 to €83,599
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
-€573,666
Gross operating margin
+€1.4m
Depreciation
-€443,739
Other operating charges
-€25,880
Financial income
+€50,995
Financial charges
-€651,305
Taxes
-€554
Result 2025
-€194,580
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
+€80,134
Investment
-€17.8m
Financing
+€16.4m
Cash 2024
€1.8m
From operations (derived)
+€80,134
Net result for the year
-€194,580
Depreciation
+€1.6m
Stocks and contracts
-€570,914
Receivables within one year
-€538,142
Deferred charges and accrued income
-€195,656
Trade debts
+€76,600
Tax, wage and social debts
+€4,134
Advances received
-€152,587
Other debts
+€61,135
Investment (derived)
-€17.8m
Investment in fixed assets (net)
-€17.8m
Financing
+€16.4m
Debts after one year
+€16.4m
Current portion of long-term debt
+€18,514
Short-term financial debts
-€2.6m
Contributions, distributions and other
+€2.6m
Cash 2025
€463,395
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,845,885 | €108,017,601 | +€16.2m | +17.6% |
| Fixed assets | 21/28 | €89,623,530 | €105,787,525 | +€16.2m | +18.0% |
| Tangible fixed assets | 22/27 | €88,662,930 | €103,544,425 | +€14.9m | +16.8% |
| Land and buildings | 22 | €88,255,192 | €102,939,934 | +€14.7m | +16.6% |
| Furniture and vehicles | 24 | €3,217 | €201,230 | +€198,013 | +6,154% |
| Other tangible fixed assets | 26 | €404,521 | €403,261 | -€1,260 | -0.3% |
| Financial fixed assets | 28 | €960,600 | €2,243,100 | +€1.3m | +134% |
| Current assets | 29/58 | €2,222,355 | €2,230,075 | +€7,721 | +0.3% |
| Stocks and contracts in progress | 3 | €127,500 | €698,414 | +€570,914 | +448% |
| Stocks | 30/36 | €127,500 | €698,414 | +€570,914 | +448% |
| Amounts receivable within one year | 40/41 | €279,443 | €817,585 | +€538,142 | +193% |
| Trade receivables | 40 | €19,179 | - | -€19,179 | |
| Other amounts receivable | 41 | €260,265 | €817,585 | +€557,320 | +214% |
| Current investments | 50/53 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,760,386 | €463,395 | -€1.3m | -73.7% |
| Deferred charges and accrued income | 490/1 | €55,000 | €250,656 | +€195,656 | +356% |
| Total equity and liabilities | 10/49 | €91,845,885 | €108,017,601 | +€16.2m | +17.6% |
| Equity | 10/15 | €46,420,863 | €48,782,997 | +€2.4m | +5.1% |
| Contributions | 10/11 | €1,157,475 | €1,157,475 | = | 0.0% |
| Revaluation surpluses | 12 | €45,801,180 | €48,357,894 | +€2.6m | +5.6% |
| Reserves | 13 | €3,553 | €3,553 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,553 | €3,553 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,553 | €3,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€541,345 | -€735,925 | -€194,580 | -35.9% |
| Amounts payable | 17/49 | €45,425,022 | €59,234,604 | +€13.8m | +30.4% |
| Amounts payable after more than one year | 17 | €30,730,429 | €47,134,565 | +€16.4m | +53.4% |
| Financial debts | 170/4 | €30,630,429 | €47,034,565 | +€16.4m | +53.6% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,694,593 | €12,100,039 | -€2.6m | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €1,266,624 | €1,285,138 | +€18,514 | +1.5% |
| Financial debts | 43 | €11,684,500 | €9,082,150 | -€2.6m | -22.3% |
| Credit institutions | 430/8 | €11,684,500 | €9,082,150 | -€2.6m | -22.3% |
| Trade debts | 44 | €17,994 | €94,594 | +€76,600 | +426% |
| Suppliers | 440/4 | €17,994 | €94,594 | +€76,600 | +426% |
| Advances received on contracts in progress | 46 | €862,599 | €710,011 | -€152,587 | -17.7% |
| Taxes, remuneration and social security | 45 | €16,590 | €20,724 | +€4,134 | +24.9% |
| Taxes | 450/3 | €16,590 | €20,724 | +€4,134 | +24.9% |
| Other amounts payable | 47/48 | €846,286 | €907,421 | +€61,135 | +7.2% |
| Non-recurring operating income | 76A | - | €199,921 | +€199,921 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,146,405 | €1,590,144 | +€443,739 | +38.7% |
| Other operating charges | 640/8 | €121,918 | €147,797 | +€25,880 | +21.2% |
| Gross operating margin | 9900 | €2,133,053 | €3,582,623 | +€1.4m | +68.0% |
| Operating profit (loss) | 9901 | €864,731 | €1,844,682 | +€979,951 | +113% |
| Financial income | 75/76B | €32,604 | €83,599 | +€50,995 | +156% |
| Recurring financial income | 75 | €32,604 | €83,599 | +€50,995 | +156% |
| Financial charges | 65/66B | €1,470,130 | €2,121,435 | +€651,305 | +44.3% |
| Recurring financial charges | 65 | €1,470,130 | €2,121,435 | +€651,305 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | -€572,796 | -€193,154 | +€379,641 | +66.3% |
| Income taxes | 67/77 | €871 | €1,425 | +€554 | +63.7% |
| Profit (loss) for the period | 9904 | -€573,666 | -€194,580 | +€379,087 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€573,666 | -€194,580 | +€379,087 | +66.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.