Brussels DC: what changed
Two fiscal 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 DC
Largest movements
- Receivables within one year +€172,536
up €172,536 (+25.0%), from €690,165 to €862,700
of which Other amounts receivable: +€153,175
- Cash +€110,866
up €110,866 (+412.3%), from €26,889 to €137,754
mainly Net result for the year (+€167,118) and Trade debts (+€90,078)
- Tangible fixed assets +€16,989
up €16,989 (+8.2%), from €206,452 to €223,441
of which Plant, machinery and equipment: +€20,758
- Reserves +€167,118
up €167,118 (+118.9%), from €140,520 to €307,638
of which Tax-exempt reserves: +€105,250
- Trade debts +€90,078
up €90,078 (+70.2%), from €128,299 to €218,376
- Other debts +€36,293
up €36,293 (+10.6%), from €343,674 to €379,967
- Gross operating margin -€71,159
down €71,159 (-23.8%), from €299,361 to €228,202
- Taxes +€14,500
new in 2025: €14,500
- Financial income +€11,135
up €11,135 (+50.8%), from €21,939 to €33,074
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 | €941,378 | €1,244,233 | +€302,856 | +32.2% |
| Fixed assets | 21/28 | €211,952 | €228,941 | +€16,989 | +8.0% |
| Tangible fixed assets | 22/27 | €206,452 | €223,441 | +€16,989 | +8.2% |
| Plant, machinery and equipment | 23 | €101,861 | €122,619 | +€20,758 | +20.4% |
| Other tangible fixed assets | 26 | €104,591 | €100,823 | -€3,769 | -3.6% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €729,426 | €1,015,292 | +€285,866 | +39.2% |
| Amounts receivable within one year | 40/41 | €690,165 | €862,700 | +€172,536 | +25.0% |
| Trade receivables | 40 | €51,277 | €70,638 | +€19,361 | +37.8% |
| Other amounts receivable | 41 | €638,888 | €792,063 | +€153,175 | +24.0% |
| Cash at bank and in hand | 54/58 | €26,889 | €137,754 | +€110,866 | +412.3% |
| Deferred charges and accrued income | 490/1 | €12,372 | €14,838 | +€2,465 | +19.9% |
| Total equity and liabilities | 10/49 | €941,378 | €1,244,233 | +€302,856 | +32.2% |
| Equity | 10/15 | €459,587 | €626,705 | +€167,118 | +36.4% |
| Contributions | 10/11 | €319,067 | €319,067 | = | 0.0% |
| Capital | 10 | €319,067 | €319,067 | = | 0.0% |
| Issued capital | 100 | €319,067 | €319,067 | = | 0.0% |
| Reserves | 13 | €140,520 | €307,638 | +€167,118 | +118.9% |
| Non-distributable reserves | 130/1 | €31,907 | €31,907 | = | 0.0% |
| Legal reserve | 130 | €31,907 | €31,907 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,949 | €111,199 | +€105,250 | +1769.2% |
| Distributable reserves | 133 | €102,664 | €164,533 | +€61,868 | +60.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €481,791 | €617,528 | +€135,737 | +28.2% |
| Amounts payable within one year | 42/48 | €480,091 | €608,574 | +€128,483 | +26.8% |
| Trade debts | 44 | €128,299 | €218,376 | +€90,078 | +70.2% |
| Suppliers | 440/4 | €128,299 | €218,376 | +€90,078 | +70.2% |
| Taxes, remuneration and social security | 45 | €8,118 | €10,231 | +€2,113 | +26.0% |
| Taxes | 450/3 | €8,118 | €10,231 | +€2,113 | +26.0% |
| Other amounts payable | 47/48 | €343,674 | €379,967 | +€36,293 | +10.6% |
| Accrued charges and deferred income | 492/3 | €1,700 | €8,954 | +€7,254 | +426.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,649 | €58,250 | +€2,601 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,779 | €2,768 | -€1,011 | -26.8% |
| Non-recurring operating charges | 66A | €10,000 | €0 | -€10,000 | -100.0% |
| Gross operating margin | 9900 | €299,361 | €228,202 | -€71,159 | -23.8% |
| Operating profit (loss) | 9901 | €229,933 | €167,185 | -€62,748 | -27.3% |
| Financial income | 75/76B | €21,939 | €33,074 | +€11,135 | +50.8% |
| Recurring financial income | 75 | €21,939 | €33,074 | +€11,135 | +50.8% |
| Financial charges | 65/66B | €17,468 | €18,641 | +€1,173 | +6.7% |
| Recurring financial charges | 65 | €17,468 | €18,641 | +€1,173 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €234,405 | €181,618 | -€52,786 | -22.5% |
| Income taxes | 67/77 | - | €14,500 | +€14,500 | |
| Profit (loss) for the period | 9904 | €234,405 | €167,118 | -€67,286 | -28.7% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €234,405 | €61,868 | -€172,536 | -73.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.