BRUSSELLE CONSULTING: 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
BRUSSELLE CONSULTING
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€310,055
2024 · €530,553-€840,608
Equity
€861,999
2024 · €1.2m-€310,055
Cash
€7,196
2024 · €5,529+€1,667
Balance sheet total
€1.5m
2024 · €3.8m-€2.3m
Largest movements
Assets
- Stocks and contracts -€2.3m
down €2.3m (-60.6%), from €3.8m to €1.5m
Equity and liabilities
- Other debts -€2.0m
down €2.0m (-77.7%), from €2.5m to €567,363
- Profit (loss) carried forward -€310,055
new in 2025: -€310,055
Income statement
- Gross operating margin -€1.1m
down €1.1m, from €875,301 to -€226,980
- Taxes -€208,952
down €208,952 (-99.9%), from €209,227 to €275
- Financial charges -€40,208
down €40,208 (-33.8%), from €119,110 to €78,902
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
€530,553
Gross operating margin
-€1.1m
Depreciation
-€106
Other operating charges
+€4,579
Financial income
+€8,040
Financial charges
+€40,208
Taxes
+€208,952
Result 2025
-€310,055
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
+€3,884
Investment
-€2,217
Financing
€0
Cash 2024
€5,529
From operations (derived)
+€3,884
Net result for the year
-€310,055
Depreciation
+€238
Stocks and contracts
+€2.3m
Smaller working-capital items
-€1,193
Tax, wage and social debts
-€20,727
Other debts
-€2.0m
Accrued charges and deferred income
+€31,110
Investment (derived)
-€2,217
Investment in fixed assets (net)
-€2,057
Current investments
-€160
Cash 2025
€7,196
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,789,282 | €1,508,969 | -€2.3m | -60.2% |
| Fixed assets | 21/28 | €54 | €1,873 | +€1,819 | +3,352% |
| Tangible fixed assets | 22/27 | €54 | €1,873 | +€1,819 | +3,352% |
| Furniture and vehicles | 24 | €54 | €1,873 | +€1,819 | +3,352% |
| Current assets | 29/58 | €3,789,228 | €1,507,095 | -€2.3m | -60.2% |
| Stocks and contracts in progress | 3 | €3,771,615 | €1,486,604 | -€2.3m | -60.6% |
| Stocks | 30/36 | €3,771,615 | €1,486,604 | -€2.3m | -60.6% |
| Amounts receivable within one year | 40/41 | €7,252 | €3,297 | -€3,955 | -54.5% |
| Trade receivables | 40 | €7,250 | €3,297 | -€3,953 | -54.5% |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100% |
| Current investments | 50/53 | - | €160 | +€160 | |
| Cash at bank and in hand | 54/58 | €5,529 | €7,196 | +€1,667 | +30.2% |
| Deferred charges and accrued income | 490/1 | €4,833 | €9,839 | +€5,006 | +104% |
| Total equity and liabilities | 10/49 | €3,789,282 | €1,508,969 | -€2.3m | -60.2% |
| Equity | 10/15 | €1,172,054 | €861,999 | -€310,055 | -26.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,153,462 | €1,153,462 | = | 0.0% |
| Tax-exempt reserves | 132 | €265,230 | €265,230 | = | 0.0% |
| Distributable reserves | 133 | €888,232 | €888,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€310,055 | -€310,055 | |
| Amounts payable | 17/49 | €2,617,228 | €646,969 | -€2.0m | -75.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,569,955 | €568,587 | -€2.0m | -77.9% |
| Trade debts | 44 | €444 | €301 | -€142 | -32.1% |
| Suppliers | 440/4 | €444 | €301 | -€142 | -32.1% |
| Taxes, remuneration and social security | 45 | €21,649 | €922 | -€20,727 | -95.7% |
| Taxes | 450/3 | €21,649 | €922 | -€20,727 | -95.7% |
| Other amounts payable | 47/48 | €2,547,863 | €567,363 | -€2.0m | -77.7% |
| Accrued charges and deferred income | 492/3 | €47,273 | €78,382 | +€31,110 | +65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132 | €238 | +€106 | +80.2% |
| Other operating charges | 640/8 | €16,279 | €11,700 | -€4,579 | -28.1% |
| Gross operating margin | 9900 | €875,301 | -€226,980 | -€1.1m | |
| Operating profit (loss) | 9901 | €858,890 | -€238,918 | -€1.1m | |
| Financial income | 75/76B | €1 | €8,041 | +€8,040 | +1,296,755% |
| Recurring financial income | 75 | €1 | €8,041 | +€8,040 | +1,296,755% |
| Financial charges | 65/66B | €119,110 | €78,902 | -€40,208 | -33.8% |
| Recurring financial charges | 65 | €119,110 | €78,902 | -€40,208 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €739,780 | -€309,780 | -€1.0m | |
| Income taxes | 67/77 | €209,227 | €275 | -€208,952 | -99.9% |
| Profit (loss) for the period | 9904 | €530,553 | -€310,055 | -€840,608 | |
| Transfer to tax-exempt reserves | 689 | €265,230 | €0 | -€265,230 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €265,323 | -€310,055 | -€575,378 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.