BRUSSELS CITY: 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 CITY
Largest movements
- Cash -€4,285
down €4,285 (-11.2%), from €38,301 to €34,016
mainly Investment in fixed assets (net) (-€12,639) and Debts after one year (-€6,624)
- Receivables within one year +€3,203
up €3,203 (+175%), from €1,835 to €5,038
of which Trade receivables: +€2,756
- Tangible fixed assets -€2,995
down €2,995 (-4.1%), from €73,764 to €70,769
of which Other tangible fixed assets: -€1,888
- Deferred charges and accrued income +€1,379
new in 2025: €1,379
- Debts after one year -€6,624
down €6,624 (-21.3%), from €31,053 to €24,429
- Trade debts +€2,694
up €2,694 (+89.8%), from €3,001 to €5,695
- Tax, wage and social debts -€1,518
down €1,518 (-34.3%), from €4,428 to €2,910
of which Remuneration and social security: -€1,423
- Accrued charges and deferred income +€1,237
new in 2025: €1,237
- Gross operating margin -€13,028
down €13,028 (-34.0%), from €38,332 to €25,304
- Depreciation -€768
down €768 (-4.7%), from €16,402 to €15,634
- Staff costs -€533
down €533 (-7.9%), from €6,744 to €6,211
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 | €114,652 | €111,900 | -€2,752 | -2.4% |
| Fixed assets | 21/28 | €73,764 | €70,769 | -€2,995 | -4.1% |
| Tangible fixed assets | 22/27 | €73,764 | €70,769 | -€2,995 | -4.1% |
| Land and buildings | 22 | €666 | €369 | -€297 | -44.6% |
| Plant, machinery and equipment | 23 | €2,447 | €1,697 | -€750 | -30.6% |
| Furniture and vehicles | 24 | €503 | €443 | -€60 | -11.9% |
| Other tangible fixed assets | 26 | €70,148 | €68,260 | -€1,888 | -2.7% |
| Current assets | 29/58 | €40,888 | €41,131 | +€243 | +0.6% |
| Stocks and contracts in progress | 3 | €752 | €698 | -€54 | -7.2% |
| Stocks | 30/36 | €752 | €698 | -€54 | -7.2% |
| Amounts receivable within one year | 40/41 | €1,835 | €5,038 | +€3,203 | +175% |
| Trade receivables | 40 | €808 | €3,564 | +€2,756 | +341% |
| Other amounts receivable | 41 | €1,027 | €1,474 | +€447 | +43.5% |
| Cash at bank and in hand | 54/58 | €38,301 | €34,016 | -€4,285 | -11.2% |
| Deferred charges and accrued income | 490/1 | - | €1,379 | +€1,379 | |
| Total equity and liabilities | 10/49 | €114,652 | €111,900 | -€2,752 | -2.4% |
| Equity | 10/15 | €6,704 | €7,374 | +€670 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,160 | €24,160 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,300 | €22,300 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,056 | -€35,386 | +€670 | +1.9% |
| Amounts payable | 17/49 | €107,948 | €104,526 | -€3,422 | -3.2% |
| Amounts payable after more than one year | 17 | €31,053 | €24,429 | -€6,624 | -21.3% |
| Financial debts | 170/4 | €31,053 | €24,429 | -€6,624 | -21.3% |
| Amounts payable within one year | 42/48 | €76,895 | €78,860 | +€1,965 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €6,325 | €6,624 | +€299 | +4.7% |
| Trade debts | 44 | €3,001 | €5,695 | +€2,694 | +89.8% |
| Suppliers | 440/4 | €3,001 | €5,695 | +€2,694 | +89.8% |
| Advances received on contracts in progress | 46 | €440 | €180 | -€260 | -59.1% |
| Taxes, remuneration and social security | 45 | €4,428 | €2,910 | -€1,518 | -34.3% |
| Taxes | 450/3 | €306 | €211 | -€95 | -31.0% |
| Remuneration and social security | 454/9 | €4,122 | €2,699 | -€1,423 | -34.5% |
| Other amounts payable | 47/48 | €62,701 | €63,451 | +€750 | +1.2% |
| Accrued charges and deferred income | 492/3 | - | €1,237 | +€1,237 | |
| Remuneration, social security and pensions | 62 | €6,744 | €6,211 | -€533 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,402 | €15,634 | -€768 | -4.7% |
| Other operating charges | 640/8 | €437 | €516 | +€79 | +18.1% |
| Gross operating margin | 9900 | €38,332 | €25,304 | -€13,028 | -34.0% |
| Operating profit (loss) | 9901 | €14,749 | €2,943 | -€11,806 | -80.0% |
| Financial income | 75/76B | €23 | €8 | -€15 | -65.2% |
| Recurring financial income | 75 | €23 | €8 | -€15 | -65.2% |
| Financial charges | 65/66B | €2,570 | €2,280 | -€290 | -11.3% |
| Recurring financial charges | 65 | €2,570 | €2,280 | -€290 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €12,202 | €671 | -€11,531 | -94.5% |
| Income taxes | 67/77 | €1 | €1 | = | 0.0% |
| Profit (loss) for the period | 9904 | €12,201 | €670 | -€11,531 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,201 | €670 | -€11,531 | -94.5% |
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 21 October 2026 via checked.be.