BRIZAN: what changed
Two fiscal 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.
BRIZAN
Largest movements
- Tangible fixed assets -€8,188
down €8,188 (-2.2%), from €377,555 to €369,367
of which Land and buildings: -€8,723
- Cash -€7,432
down €7,432 (-11.0%), from €67,426 to €59,994
mainly Debts after one year (-€12,698) and Net result for the year (-€1,294)
- Debts after one year -€12,698
down €12,698 (-5.4%), from €234,398 to €221,699
- Gross operating margin -€1,458
down €1,458 (-10.1%), from €14,439 to €12,981
- Taxes -€328
down €328 (-58.3%), from €562 to €235
- Financial charges -€301
down €301 (-6.8%), from €4,420 to €4,119
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.
Cash bridge derived
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 | €446,042 | €430,782 | -€15,260 | -3.4% |
| Fixed assets | 21/28 | €377,555 | €369,367 | -€8,188 | -2.2% |
| Tangible fixed assets | 22/27 | €377,555 | €369,367 | -€8,188 | -2.2% |
| Land and buildings | 22 | €377,555 | €368,831 | -€8,723 | -2.3% |
| Plant, machinery and equipment | 23 | - | €536 | +€536 | |
| Current assets | 29/58 | €68,488 | €61,415 | -€7,072 | -10.3% |
| Amounts receivable within one year | 40/41 | €683 | €1,168 | +€485 | +71.1% |
| Other amounts receivable | 41 | €683 | €1,168 | +€485 | +71.1% |
| Cash at bank and in hand | 54/58 | €67,426 | €59,994 | -€7,432 | -11.0% |
| Deferred charges and accrued income | 490/1 | €379 | €254 | -€125 | -33.1% |
| Total equity and liabilities | 10/49 | €446,042 | €430,782 | -€15,260 | -3.4% |
| Equity | 10/15 | €177,257 | €175,964 | -€1,294 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,657 | €157,364 | -€1,294 | -0.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,018 | €56,021 | -€1,998 | -3.4% |
| Distributable reserves | 133 | €98,779 | €99,483 | +€704 | +0.7% |
| Provisions and deferred taxes | 16 | €19,339 | €18,674 | -€666 | -3.4% |
| Deferred taxes | 168 | €19,339 | €18,674 | -€666 | -3.4% |
| Amounts payable | 17/49 | €249,445 | €236,145 | -€13,300 | -5.3% |
| Amounts payable after more than one year | 17 | €234,398 | €221,699 | -€12,698 | -5.4% |
| Financial debts | 170/4 | €234,398 | €221,699 | -€12,698 | -5.4% |
| Amounts payable within one year | 42/48 | €14,171 | €13,571 | -€600 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €12,502 | €12,698 | +€197 | +1.6% |
| Trade debts | 44 | €817 | €872 | +€56 | +6.8% |
| Suppliers | 440/4 | €817 | €872 | +€56 | +6.8% |
| Taxes, remuneration and social security | 45 | €853 | - | -€853 | |
| Taxes | 450/3 | €853 | - | -€853 | |
| Accrued charges and deferred income | 492/3 | €876 | €875 | -€1 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,723 | €8,835 | +€111 | +1.3% |
| Other operating charges | 640/8 | €1,709 | €1,753 | +€43 | +2.5% |
| Gross operating margin | 9900 | €14,439 | €12,981 | -€1,458 | -10.1% |
| Operating profit (loss) | 9901 | €4,006 | €2,394 | -€1,613 | -40.3% |
| Financial charges | 65/66B | €4,420 | €4,119 | -€301 | -6.8% |
| Recurring financial charges | 65 | €4,420 | €4,119 | -€301 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€414 | -€1,725 | -€1,311 | -316.8% |
| Transfer from deferred taxes | 780 | €666 | €666 | = | 0.0% |
| Income taxes | 67/77 | €562 | €235 | -€328 | -58.3% |
| Profit (loss) for the period | 9904 | -€310 | -€1,294 | -€984 | -316.8% |
| Transfer from tax-exempt reserves | 789 | €1,998 | €1,998 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,687 | €704 | -€984 | -58.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.