Brussels Docks BidCo: 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.
What changed
Brussels Docks BidCo
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€9.8m
2024 · -€9.1m-€697,560
Equity
€11.4m
2024 · €10.2m+€1.2m
Cash
€7,677
2024 · €13,424-€5,747
Balance sheet total
€145.3m
2024 · €134.5m+€10.9m
Largest movements
Assets
- Financial fixed assets +€10.9m
up €10.9m (+8.1%), from €134.3m to €145.2m
Equity and liabilities
- Contributions +€11.0m
up €11.0m (+24.1%), from €45.6m to €56.6m
of which Capital: +€11.0m
- Profit (loss) carried forward -€9.8m
down €9.8m (-27.8%), from -€35.3m to -€45.2m
- Debts after one year +€8.9m
up €8.9m (+7.8%), from €115.0m to €123.9m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
-€9.1m
Other operating charges
-€17
Other operating items
-€152
Financial income
+€7,483
Financial charges
-€705,089
Taxes
+€215
Result 2025
-€9.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€9.1m
Investment
-€10.9m
Financing
+€19.9m
Cash 2024
€13,424
From operations (derived)
-€9.1m
Net result for the year
-€9.8m
Smaller working-capital items
+€13,964
Accrued charges and deferred income
+€708,131
Investment (derived)
-€10.9m
Investment in fixed assets (net)
-€10.9m
Financing
+€19.9m
Debts after one year
+€8.9m
Contributions, distributions and other
+€11.0m
Cash 2025
€7,677
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,453,017 | €145,314,756 | +€10.9m | +8.1% |
| Fixed assets | 21/28 | €134,294,818 | €145,154,520 | +€10.9m | +8.1% |
| Financial fixed assets | 28 | €134,294,818 | €145,154,520 | +€10.9m | +8.1% |
| Affiliated companies | 280/1 | €134,294,818 | €145,154,520 | +€10.9m | +8.1% |
| Participating interests | 280 | €132,509,754 | €143,509,754 | +€11.0m | +8.3% |
| Amounts receivable | 281 | €1,785,064 | €1,644,767 | -€140,297 | -7.9% |
| Current assets | 29/58 | €158,200 | €160,236 | +€2,036 | +1.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | - | €694 | +€694 | |
| Other amounts receivable | 41 | - | €694 | +€694 | |
| Cash at bank and in hand | 54/58 | €13,424 | €7,677 | -€5,747 | -42.8% |
| Deferred charges and accrued income | 490/1 | €144,776 | €151,865 | +€7,088 | +4.9% |
| Total equity and liabilities | 10/49 | €134,453,017 | €145,314,756 | +€10.9m | +8.1% |
| Equity | 10/15 | €10,246,914 | €11,431,797 | +€1.2m | +11.6% |
| Contributions | 10/11 | €45,586,300 | €56,586,300 | +€11.0m | +24.1% |
| Capital | 10 | €45,586,250 | €56,586,250 | +€11.0m | +24.1% |
| Issued capital | 100 | €45,586,250 | €56,586,250 | +€11.0m | +24.1% |
| Contributions outside capital | 11 | €50 | €50 | = | 0.0% |
| Share premium | 1100/10 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,339,386 | -€45,154,503 | -€9.8m | -27.8% |
| Amounts payable | 17/49 | €124,206,104 | €133,882,959 | +€9.7m | +7.8% |
| Amounts payable after more than one year | 17 | €114,980,900 | €123,927,878 | +€8.9m | +7.8% |
| Financial debts | 170/4 | €114,980,900 | €123,927,878 | +€8.9m | +7.8% |
| Other loans | 174 | €114,980,900 | €123,927,878 | +€8.9m | +7.8% |
| Amounts payable within one year | 42/48 | €6,778 | €28,524 | +€21,747 | +321% |
| Trade debts | 44 | €6,778 | €28,524 | +€21,747 | +321% |
| Suppliers | 440/4 | €6,778 | €28,524 | +€21,747 | +321% |
| Accrued charges and deferred income | 492/3 | €9,218,426 | €9,926,557 | +€708,131 | +7.7% |
| Operating charges | 60/66A | €38,707 | €38,875 | +€169 | +0.4% |
| Services and other goods | 61 | €37,725 | €37,877 | +€152 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €982 | €998 | +€17 | +1.7% |
| Operating profit (loss) | 9901 | -€38,707 | -€38,875 | -€169 | -0.4% |
| Financial income | 75/76B | €145,061 | €152,544 | +€7,483 | +5.2% |
| Recurring financial income | 75 | €145,061 | €152,544 | +€7,483 | +5.2% |
| Income from financial fixed assets | 750 | €144,703 | €150,589 | +€5,886 | +4.1% |
| Income from current assets | 751 | €359 | €1,955 | +€1,597 | +445% |
| Financial charges | 65/66B | €9,223,805 | €9,928,894 | +€705,089 | +7.6% |
| Recurring financial charges | 65 | €9,223,805 | €9,928,894 | +€705,089 | +7.6% |
| Debt charges | 650 | €9,219,874 | €9,925,109 | +€705,235 | +7.6% |
| Other financial charges | 652/9 | €3,931 | €3,784 | -€146 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,117,450 | -€9,815,225 | -€697,775 | -7.7% |
| Income taxes | 67/77 | €108 | -€108 | -€215 | |
| Taxes | 670/3 | €108 | €0 | -€108 | -100% |
| Tax adjustments and reversals of tax provisions | 77 | - | €108 | +€108 | |
| Profit (loss) for the period | 9904 | -€9,117,557 | -€9,815,117 | -€697,560 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,117,557 | -€9,815,117 | -€697,560 | -7.7% |
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 23 October 2026 via checked.be.