Brussels Academy: 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.
Brussels Academy
Largest movements
- Tangible fixed assets -€11,162
down €11,162 (-31.4%), from €35,538 to €24,377
- Cash +€3,323
up €3,323 (+14.5%), from €22,971 to €26,294
mainly Depreciation (+€11,162) and Net result for the year (+€10,575)
- Receivables within one year +€3,273
up €3,273 (+25.7%), from €12,711 to €15,984
of which Trade receivables: +€2,985
- Profit (loss) carried forward +€10,575
up €10,575 (+33.1%), from €31,985 to €42,560
- Debts after one year -€10,442
down €10,442 (-74.4%), from €14,039 to €3,596
- Tax, wage and social debts -€3,547
down €3,547 (-26.6%), from €13,348 to €9,801
- Trade debts -€1,404
down €1,404 (-59.1%), from €2,375 to €971
- Gross operating margin -€10,048
down €10,048 (-23.1%), from €43,486 to €33,438
- Taxes -€2,450
down €2,450 (-24.4%), from €10,041 to €7,591
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 | €71,688 | €67,370 | -€4,317 | -6.0% |
| Fixed assets | 21/28 | €35,538 | €24,377 | -€11,162 | -31.4% |
| Tangible fixed assets | 22/27 | €35,538 | €24,377 | -€11,162 | -31.4% |
| Furniture and vehicles | 24 | €35,538 | €24,377 | -€11,162 | -31.4% |
| Current assets | 29/58 | €36,149 | €42,994 | +€6,844 | +18.9% |
| Amounts receivable within one year | 40/41 | €12,711 | €15,984 | +€3,273 | +25.7% |
| Trade receivables | 40 | - | €2,985 | +€2,985 | |
| Other amounts receivable | 41 | €12,711 | €13,000 | +€288 | +2.3% |
| Cash at bank and in hand | 54/58 | €22,971 | €26,294 | +€3,323 | +14.5% |
| Deferred charges and accrued income | 490/1 | €467 | €715 | +€248 | +53.1% |
| Total equity and liabilities | 10/49 | €71,688 | €67,370 | -€4,317 | -6.0% |
| Equity | 10/15 | €31,985 | €42,560 | +€10,575 | +33.1% |
| Profit (loss) carried forward | 14 | €31,985 | €42,560 | +€10,575 | +33.1% |
| Amounts payable | 17/49 | €39,703 | €24,811 | -€14,892 | -37.5% |
| Amounts payable after more than one year | 17 | €14,039 | €3,596 | -€10,442 | -74.4% |
| Financial debts | 170/4 | €14,039 | €3,596 | -€10,442 | -74.4% |
| Amounts payable within one year | 42/48 | €25,664 | €21,214 | -€4,450 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €9,941 | €10,442 | +€501 | +5.0% |
| Trade debts | 44 | €2,375 | €971 | -€1,404 | -59.1% |
| Suppliers | 440/4 | €2,375 | €971 | -€1,404 | -59.1% |
| Taxes, remuneration and social security | 45 | €13,348 | €9,801 | -€3,547 | -26.6% |
| Taxes | 450/3 | €13,348 | €9,801 | -€3,547 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,113 | €11,162 | +€48 | +0.4% |
| Other operating charges | 640/8 | €350 | €588 | +€237 | +67.8% |
| Gross operating margin | 9900 | €43,486 | €33,438 | -€10,048 | -23.1% |
| Operating profit (loss) | 9901 | €32,023 | €21,689 | -€10,334 | -32.3% |
| Financial income | 75/76B | €572 | €794 | +€223 | +39.0% |
| Recurring financial income | 75 | €572 | €794 | +€223 | +39.0% |
| Financial charges | 65/66B | €4,690 | €4,317 | -€373 | -7.9% |
| Recurring financial charges | 65 | €4,690 | €4,317 | -€373 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €27,904 | €18,166 | -€9,738 | -34.9% |
| Income taxes | 67/77 | €10,041 | €7,591 | -€2,450 | -24.4% |
| Profit (loss) for the period | 9904 | €17,863 | €10,575 | -€7,288 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,863 | €10,575 | -€7,288 | -40.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.