BRUSSELS GATE: 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 GATE
Largest movements
- Cash -€196,245
down €196,245 (-67.6%), from €290,267 to €94,022
mainly Provisions (-€523,135) and Investment in fixed assets (net) (-€296,118)
- Tangible fixed assets +€94,786
up €94,786 (+2.3%), from €4.1m to €4.2m
of which Plant, machinery and equipment: +€67,955
- Provisions -€523,135
no longer reported in 2025 (was €523,135)
- Reserves +€413,000
new in 2025: €413,000
- Trade debts -€54,894
down €54,894 (-20.5%), from €268,376 to €213,481
- Provisions -€523,135
new in 2025: -€523,135
- Taxes +€127,353
up €127,353 (+458%), from €27,833 to €155,186
- Gross operating margin -€74,663
down €74,663 (-12.5%), from €596,159 to €521,496
- Staff costs +€34,457
up €34,457 (+204%), from €16,887 to €51,344
- Depreciation +€25,467
up €25,467 (+14.5%), from €175,865 to €201,332
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,520,022 | €4,405,919 | -€114,103 | -2.5% |
| Fixed assets | 21/28 | €4,082,554 | €4,177,340 | +€94,786 | +2.3% |
| Tangible fixed assets | 22/27 | €4,082,554 | €4,177,340 | +€94,786 | +2.3% |
| Land and buildings | 22 | €3,757,953 | €3,759,484 | +€1,531 | 0.0% |
| Plant, machinery and equipment | 23 | €270,401 | €338,355 | +€67,955 | +25.1% |
| Furniture and vehicles | 24 | €54,200 | €79,500 | +€25,301 | +46.7% |
| Current assets | 29/58 | €437,468 | €228,579 | -€208,889 | -47.7% |
| Amounts receivable within one year | 40/41 | €147,201 | €134,557 | -€12,644 | -8.6% |
| Trade receivables | 40 | €84,957 | €112,888 | +€27,931 | +32.9% |
| Other amounts receivable | 41 | €62,244 | €21,669 | -€40,575 | -65.2% |
| Cash at bank and in hand | 54/58 | €290,267 | €94,022 | -€196,245 | -67.6% |
| Total equity and liabilities | 10/49 | €4,520,022 | €4,405,919 | -€114,103 | -2.5% |
| Equity | 10/15 | €2,251,336 | €2,665,134 | +€413,798 | +18.4% |
| Contributions | 10/11 | €637,350 | €637,350 | = | 0.0% |
| Reserves | 13 | - | €413,000 | +€413,000 | |
| Distributable reserves | 133 | - | €413,000 | +€413,000 | |
| Profit (loss) carried forward | 14 | €1,613,987 | €1,614,784 | +€798 | 0.0% |
| Provisions and deferred taxes | 16 | €523,135 | - | -€523,135 | |
| Provisions for liabilities and charges | 160/5 | €523,135 | - | -€523,135 | |
| Major repairs and maintenance | 162 | €523,135 | - | -€523,135 | |
| Amounts payable | 17/49 | €1,745,550 | €1,740,784 | -€4,766 | -0.3% |
| Amounts payable within one year | 42/48 | €1,738,315 | €1,707,253 | -€31,062 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €8,000 | -€10,000 | -55.6% |
| Trade debts | 44 | €268,376 | €213,481 | -€54,894 | -20.5% |
| Suppliers | 440/4 | €268,376 | €213,481 | -€54,894 | -20.5% |
| Advances received on contracts in progress | 46 | €17,849 | - | -€17,849 | |
| Taxes, remuneration and social security | 45 | €4,091 | €12,637 | +€8,546 | +209% |
| Taxes | 450/3 | €2,833 | €7,208 | +€4,375 | +154% |
| Remuneration and social security | 454/9 | €1,258 | €5,429 | +€4,171 | +332% |
| Other amounts payable | 47/48 | €1,430,000 | €1,473,135 | +€43,135 | +3.0% |
| Accrued charges and deferred income | 492/3 | €7,235 | €33,531 | +€26,296 | +363% |
| Remuneration, social security and pensions | 62 | €16,887 | €51,344 | +€34,457 | +204% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,865 | €201,332 | +€25,467 | +14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,985 | - | -€14,985 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€523,135 | -€523,135 | |
| Other operating charges | 640/8 | €161,234 | €167,165 | +€5,931 | +3.7% |
| Gross operating margin | 9900 | €596,159 | €521,496 | -€74,663 | -12.5% |
| Operating profit (loss) | 9901 | €227,188 | €624,790 | +€397,602 | +175% |
| Financial income | 75/76B | €1 | €2,981 | +€2,979 | +219,079% |
| Recurring financial income | 75 | €1 | €2,981 | +€2,979 | +219,079% |
| Financial charges | 65/66B | €50,674 | €58,788 | +€8,113 | +16.0% |
| Recurring financial charges | 65 | €50,674 | €58,788 | +€8,113 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €176,515 | €568,984 | +€392,468 | +222% |
| Income taxes | 67/77 | €27,833 | €155,186 | +€127,353 | +458% |
| Profit (loss) for the period | 9904 | €148,682 | €413,798 | +€265,116 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €148,682 | €413,798 | +€265,116 | +178% |
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 14 October 2026 via checked.be.