BRUSSELS DIRECT: 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 DIRECT
Largest movements
- Cash +€10,393
up €10,393 (+1830.2%), from €568 to €10,961
mainly Net result for the year (+€5,839) and Current investments (+€3,691)
- Current investments -€3,691
down €3,691 (-2.3%), from €160,000 to €156,309
- Reserves +€5,800
up €5,800 (+5.3%), from €109,400 to €115,200
- Gross operating margin +€14,151
up €14,151, from -€8,082 to €6,068
- Depreciation -€610
down €610 (-75.1%), from €813 to €203
- Financial charges -€245
down €245 (-55.3%), from €444 to €198
- Financial income +€83
up €83 (+9.7%), from €857 to €940
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 | €162,246 | €169,007 | +€6,761 | +4.2% |
| Fixed assets | 21/28 | €203 | - | -€203 | |
| Tangible fixed assets | 22/27 | €203 | - | -€203 | |
| Furniture and vehicles | 24 | €203 | - | -€203 | |
| Current assets | 29/58 | €162,043 | €169,007 | +€6,964 | +4.3% |
| Amounts receivable within one year | 40/41 | €704 | €973 | +€269 | +38.2% |
| Other amounts receivable | 41 | €704 | €973 | +€269 | +38.2% |
| Current investments | 50/53 | €160,000 | €156,309 | -€3,691 | -2.3% |
| Cash at bank and in hand | 54/58 | €568 | €10,961 | +€10,393 | +1830.2% |
| Deferred charges and accrued income | 490/1 | €771 | €764 | -€7 | -0.9% |
| Total equity and liabilities | 10/49 | €162,246 | €169,007 | +€6,761 | +4.2% |
| Equity | 10/15 | €160,091 | €165,930 | +€5,839 | +3.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €109,400 | €115,200 | +€5,800 | +5.3% |
| Distributable reserves | 133 | €109,400 | €115,200 | +€5,800 | +5.3% |
| Profit (loss) carried forward | 14 | €30,231 | €30,270 | +€39 | +0.1% |
| Amounts payable | 17/49 | €2,155 | €3,077 | +€922 | +42.8% |
| Amounts payable within one year | 42/48 | €2,155 | €3,077 | +€922 | +42.8% |
| Trade debts | 44 | €896 | €564 | -€332 | -37.1% |
| Suppliers | 440/4 | €896 | €564 | -€332 | -37.1% |
| Taxes, remuneration and social security | 45 | - | €511 | +€511 | |
| Taxes | 450/3 | - | €511 | +€511 | |
| Other amounts payable | 47/48 | €1,259 | €2,002 | +€744 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €813 | €203 | -€610 | -75.1% |
| Other operating charges | 640/8 | €387 | €446 | +€58 | +15.1% |
| Gross operating margin | 9900 | -€8,082 | €6,068 | +€14,151 | |
| Operating profit (loss) | 9901 | -€9,282 | €5,420 | +€14,702 | |
| Financial income | 75/76B | €857 | €940 | +€83 | +9.7% |
| Recurring financial income | 75 | €857 | €940 | +€83 | +9.7% |
| Financial charges | 65/66B | €444 | €198 | -€245 | -55.3% |
| Recurring financial charges | 65 | €444 | €198 | -€245 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,869 | €6,162 | +€15,030 | |
| Income taxes | 67/77 | €257 | €323 | +€65 | +25.4% |
| Profit (loss) for the period | 9904 | -€9,126 | €5,839 | +€14,965 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,126 | €5,839 | +€14,965 |
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 5 October 2026 via checked.be.