BRUSSELS COATING: 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 COATING
Largest movements
- Current investments +€35,343
up €35,343 (+36.2%), from €97,504 to €132,847
- Tangible fixed assets +€16,765
up €16,765 (+19.6%), from €85,675 to €102,440
of which Plant, machinery and equipment: +€21,541
- Receivables within one year -€5,125
down €5,125 (-11.4%), from €45,094 to €39,969
of which Trade receivables: -€16,889
- Intangible fixed assets +€4,740
new in 2025: €4,740
- Reserves +€60,000
up €60,000 (+113.2%), from €53,000 to €113,000
- Profit (loss) carried forward -€33,565
down €33,565 (-98.6%), from €34,026 to €462
- Trade debts +€11,233
up €11,233 (+80.8%), from €13,901 to €25,135
- Tax, wage and social debts +€9,444
up €9,444 (+116.2%), from €8,126 to €17,571
of which Taxes: +€11,903
- Debts after one year +€3,755
up €3,755 (+9.2%), from €40,639 to €44,393
- Gross operating margin +€20,461
up €20,461 (+13.6%), from €150,347 to €170,809
- Staff costs -€15,759
down €15,759 (-72.0%), from €21,899 to €6,140
- Depreciation +€11,315
up €11,315 (+61.8%), from €18,311 to €29,626
- Taxes +€7,967
up €7,967 (+49.0%), from €16,247 to €24,213
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 | €237,035 | €290,811 | +€53,776 | +22.7% |
| Fixed assets | 21/28 | €89,297 | €110,944 | +€21,647 | +24.2% |
| Intangible fixed assets | 21 | - | €4,740 | +€4,740 | |
| Tangible fixed assets | 22/27 | €85,675 | €102,440 | +€16,765 | +19.6% |
| Plant, machinery and equipment | 23 | €19,153 | €40,694 | +€21,541 | +112.5% |
| Furniture and vehicles | 24 | €10,796 | €11,430 | +€634 | +5.9% |
| Leasing and similar rights | 25 | €55,726 | €39,325 | -€16,401 | -29.4% |
| Other tangible fixed assets | 26 | - | €10,991 | +€10,991 | |
| Financial fixed assets | 28 | €3,622 | €3,764 | +€141 | +3.9% |
| Current assets | 29/58 | €147,739 | €179,868 | +€32,129 | +21.7% |
| Amounts receivable within one year | 40/41 | €45,094 | €39,969 | -€5,125 | -11.4% |
| Trade receivables | 40 | €17,754 | €865 | -€16,889 | -95.1% |
| Other amounts receivable | 41 | €27,340 | €39,104 | +€11,764 | +43.0% |
| Current investments | 50/53 | €97,504 | €132,847 | +€35,343 | +36.2% |
| Cash at bank and in hand | 54/58 | €255 | €984 | +€729 | +285.9% |
| Deferred charges and accrued income | 490/1 | €4,886 | €6,068 | +€1,182 | +24.2% |
| Total equity and liabilities | 10/49 | €237,035 | €290,811 | +€53,776 | +22.7% |
| Equity | 10/15 | €107,477 | €133,913 | +€26,435 | +24.6% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €53,000 | €113,000 | +€60,000 | +113.2% |
| Distributable reserves | 133 | €53,000 | €113,000 | +€60,000 | +113.2% |
| Profit (loss) carried forward | 14 | €34,026 | €462 | -€33,565 | -98.6% |
| Amounts payable | 17/49 | €129,558 | €156,899 | +€27,341 | +21.1% |
| Amounts payable after more than one year | 17 | €40,639 | €44,393 | +€3,755 | +9.2% |
| Financial debts | 170/4 | €40,639 | €44,393 | +€3,755 | +9.2% |
| Amounts payable within one year | 42/48 | €88,594 | €112,505 | +€23,912 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €19,453 | €22,700 | +€3,246 | +16.7% |
| Financial debts | 43 | €12 | - | -€12 | |
| Credit institutions | 430/8 | €12 | - | -€12 | |
| Trade debts | 44 | €13,901 | €25,135 | +€11,233 | +80.8% |
| Suppliers | 440/4 | €13,901 | €25,135 | +€11,233 | +80.8% |
| Advances received on contracts in progress | 46 | €2,101 | €2,101 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,126 | €17,571 | +€9,444 | +116.2% |
| Taxes | 450/3 | €5,667 | €17,571 | +€11,903 | +210.0% |
| Remuneration and social security | 454/9 | €2,459 | - | -€2,459 | |
| Other amounts payable | 47/48 | €45,000 | €45,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €325 | - | -€325 | |
| Non-recurring operating income | 76A | €5,214 | - | -€5,214 | |
| Remuneration, social security and pensions | 62 | €21,899 | €6,140 | -€15,759 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,311 | €29,626 | +€11,315 | +61.8% |
| Other operating charges | 640/8 | €937 | €1,079 | +€142 | +15.2% |
| Non-recurring operating charges | 66A | €2,478 | - | -€2,478 | |
| Gross operating margin | 9900 | €150,347 | €170,809 | +€20,461 | +13.6% |
| Operating profit (loss) | 9901 | €106,723 | €133,963 | +€27,241 | +25.5% |
| Financial income | 75/76B | €475 | €2,045 | +€1,570 | +330.8% |
| Recurring financial income | 75 | €475 | €2,045 | +€1,570 | +330.8% |
| Financial charges | 65/66B | €6,425 | €6,360 | -€66 | -1.0% |
| Recurring financial charges | 65 | €6,425 | €6,360 | -€66 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €100,772 | €129,649 | +€28,877 | +28.7% |
| Income taxes | 67/77 | €16,247 | €24,213 | +€7,967 | +49.0% |
| Profit (loss) for the period | 9904 | €84,525 | €105,435 | +€20,910 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,525 | €105,435 | +€20,910 | +24.7% |
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 9 October 2026 via checked.be.