BRUSSELS FABRIC: 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 FABRIC
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€140,282
2024 · €104,702+€35,580
Equity
€624,614
2024 · €485,986+€138,628
Cash
€18,371
2024 · €24,627-€6,256
Balance sheet total
€1.4m
2024 · €1.4m-€32,540
Largest movements
Assets
- Tangible fixed assets -€17,261
down €17,261 (-1.3%), from €1.4m to €1.4m
of which Land and buildings: -€19,847
Equity and liabilities
- Profit (loss) carried forward +€138,628
up €138,628 (+29.8%), from €465,526 to €604,154
- Accrued charges and deferred income -€77,748
down €77,748 (-100%), from €77,748 to €0
- Tax, wage and social debts -€34,912
down €34,912 (-63.1%), from €55,301 to €20,389
- Debts after one year -€29,560
down €29,560 (-5.8%), from €508,816 to €479,256
of which Financial debts: -€42,952
- Trade debts -€17,441
down €17,441 (-100%), from €17,441 to €0
Income statement
- Gross operating margin +€55,610
up €55,610 (+28.8%), from €193,004 to €248,614
- Staff costs +€12,426
up €12,426 (+272%), from €4,569 to €16,995
- Taxes +€6,200
up €6,200 (+16.6%), from €37,262 to €43,461
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
€104,702
Gross operating margin
+€55,610
Staff costs
-€12,426
Depreciation
-€654
Provisions
-€188
Other operating charges
+€521
Financial income
-€858
Financial charges
-€227
Taxes
-€6,200
Result 2025
€140,282
raises the resultlowers the result
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
+€32,814
Investment
-€7,720
Financing
-€31,350
Cash 2024
€24,627
From operations (derived)
+€32,814
Net result for the year
+€140,282
Depreciation
+€25,280
Receivables within one year
+€7,360
Deferred charges and accrued income
+€1,364
Provisions
-€1,194
Trade debts
-€17,441
Tax, wage and social debts
-€34,912
Other debts
-€10,177
Accrued charges and deferred income
-€77,748
Investment (derived)
-€7,720
Investment in fixed assets (net)
-€7,720
Financing
-€31,350
Debts after one year
-€29,560
Current portion of long-term debt
-€137
Contributions, distributions and other
-€1,654
Cash 2025
€18,371
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,411,999 | €1,379,459 | -€32,540 | -2.3% |
| Fixed assets | 21/28 | €1,377,689 | €1,360,129 | -€17,561 | -1.3% |
| Tangible fixed assets | 22/27 | €1,375,929 | €1,358,668 | -€17,261 | -1.3% |
| Land and buildings | 22 | €1,359,508 | €1,339,661 | -€19,847 | -1.5% |
| Plant, machinery and equipment | 23 | €5,642 | €5,207 | -€435 | -7.7% |
| Furniture and vehicles | 24 | €10,779 | €13,800 | +€3,021 | +28.0% |
| Financial fixed assets | 28 | €1,760 | €1,460 | -€300 | -17.0% |
| Current assets | 29/58 | €34,310 | €19,330 | -€14,980 | -43.7% |
| Amounts receivable within one year | 40/41 | €8,255 | €895 | -€7,360 | -89.2% |
| Trade receivables | 40 | €6,528 | €395 | -€6,133 | -93.9% |
| Other amounts receivable | 41 | €1,726 | €500 | -€1,226 | -71.0% |
| Cash at bank and in hand | 54/58 | €24,627 | €18,371 | -€6,256 | -25.4% |
| Deferred charges and accrued income | 490/1 | €1,428 | €64 | -€1,364 | -95.5% |
| Total equity and liabilities | 10/49 | €1,411,999 | €1,379,459 | -€32,540 | -2.3% |
| Equity | 10/15 | €485,986 | €624,614 | +€138,628 | +28.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €465,526 | €604,154 | +€138,628 | +29.8% |
| Provisions and deferred taxes | 16 | €208,618 | €207,424 | -€1,194 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €208,618 | €207,424 | -€1,194 | -0.6% |
| Other liabilities and charges | 164/5 | €208,618 | €207,424 | -€1,194 | -0.6% |
| Amounts payable | 17/49 | €717,395 | €547,420 | -€169,975 | -23.7% |
| Amounts payable after more than one year | 17 | €508,816 | €479,256 | -€29,560 | -5.8% |
| Financial debts | 170/4 | €460,542 | €417,590 | -€42,952 | -9.3% |
| Other amounts payable | 178/9 | €48,274 | €61,666 | +€13,392 | +27.7% |
| Amounts payable within one year | 42/48 | €130,831 | €68,164 | -€62,667 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €43,089 | €42,952 | -€137 | -0.3% |
| Trade debts | 44 | €17,441 | €0 | -€17,441 | -100% |
| Suppliers | 440/4 | €17,441 | €0 | -€17,441 | -100% |
| Taxes, remuneration and social security | 45 | €55,301 | €20,389 | -€34,912 | -63.1% |
| Taxes | 450/3 | €55,301 | €20,389 | -€34,912 | -63.1% |
| Other amounts payable | 47/48 | €15,000 | €4,823 | -€10,177 | -67.8% |
| Accrued charges and deferred income | 492/3 | €77,748 | €0 | -€77,748 | -100% |
| Non-recurring operating income | 76A | - | €1,654 | +€1,654 | |
| Remuneration, social security and pensions | 62 | €4,569 | €16,995 | +€12,426 | +272% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,627 | €25,280 | +€654 | +2.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,382 | -€1,194 | +€188 | +13.6% |
| Other operating charges | 640/8 | €1,744 | €1,222 | -€521 | -29.9% |
| Gross operating margin | 9900 | €193,004 | €248,614 | +€55,610 | +28.8% |
| Operating profit (loss) | 9901 | €163,446 | €206,311 | +€42,864 | +26.2% |
| Financial income | 75/76B | €984 | €126 | -€858 | -87.2% |
| Recurring financial income | 75 | €984 | €126 | -€858 | -87.2% |
| Financial charges | 65/66B | €22,467 | €22,693 | +€227 | +1.0% |
| Recurring financial charges | 65 | €22,467 | €22,693 | +€227 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €141,964 | €183,744 | +€41,780 | +29.4% |
| Income taxes | 67/77 | €37,262 | €43,461 | +€6,200 | +16.6% |
| Profit (loss) for the period | 9904 | €104,702 | €140,282 | +€35,580 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,702 | €140,282 | +€35,580 | +34.0% |
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 19 October 2026 via checked.be.