BRUSSEL-R: 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.
BRUSSEL-R
Largest movements
- Receivables within one year +€27,395
up €27,395 (+106%), from €25,740 to €53,135
of which Other amounts receivable: +€28,012
- Profit (loss) carried forward +€27,792
up €27,792 (+590%), from €4,711 to €32,503
- Trade debts -€1,599
down €1,599 (-72.9%), from €2,192 to €593
- Tax, wage and social debts +€1,296
up €1,296 (+223%), from €582 to €1,878
- Gross operating margin -€6,492
down €6,492 (-18.3%), from €35,474 to €28,983
- Taxes +€718
new in 2025: €718
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 | €27,937 | €55,426 | +€27,489 | +98.4% |
| Current assets | 29/58 | €27,937 | €55,426 | +€27,489 | +98.4% |
| Stocks and contracts in progress | 3 | €900 | €900 | = | 0.0% |
| Stocks | 30/36 | €900 | €900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,740 | €53,135 | +€27,395 | +106% |
| Trade receivables | 40 | €22,021 | €21,405 | -€617 | -2.8% |
| Other amounts receivable | 41 | €3,719 | €31,730 | +€28,012 | +753% |
| Cash at bank and in hand | 54/58 | €1,297 | €1,350 | +€54 | +4.1% |
| Deferred charges and accrued income | 490/1 | - | €40 | +€40 | |
| Total equity and liabilities | 10/49 | €27,937 | €55,426 | +€27,489 | +98.4% |
| Equity | 10/15 | €25,162 | €52,954 | +€27,792 | +110% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,711 | €32,503 | +€27,792 | +590% |
| Amounts payable | 17/49 | €2,774 | €2,472 | -€303 | -10.9% |
| Amounts payable within one year | 42/48 | €2,774 | €2,472 | -€303 | -10.9% |
| Trade debts | 44 | €2,192 | €593 | -€1,599 | -72.9% |
| Suppliers | 440/4 | €2,192 | €593 | -€1,599 | -72.9% |
| Taxes, remuneration and social security | 45 | €582 | €1,878 | +€1,296 | +223% |
| Taxes | 450/3 | €582 | €1,878 | +€1,296 | +223% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,323 | +€2,323 | |
| Other operating charges | 640/8 | €369 | €448 | +€79 | +21.4% |
| Gross operating margin | 9900 | €35,474 | €28,983 | -€6,492 | -18.3% |
| Operating profit (loss) | 9901 | €35,105 | €28,534 | -€6,571 | -18.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.4% |
| Financial charges | 65/66B | €0 | €24 | +€24 | +34,800% |
| Recurring financial charges | 65 | €0 | €24 | +€24 | +34,800% |
| Profit (loss) for the period before taxes | 9903 | €35,106 | €28,510 | -€6,597 | -18.8% |
| Income taxes | 67/77 | - | €718 | +€718 | |
| Profit (loss) for the period | 9904 | €35,106 | €27,792 | -€7,315 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,106 | €27,792 | -€7,315 | -20.8% |
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 15 October 2026 via checked.be.