BRUSSELS HOME: 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 HOME
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6.6m
2024 · €10,030+€6.6m
Equity
€8.8m
2024 · €2.2m+€6.6m
Cash
€437,875
2024 · €3,647+€434,228
Balance sheet total
€10.6m
2024 · €4.1m+€6.5m
Largest movements
Assets
- Current investments +€7.0m
new in 2025: €7.0m
- Financial fixed assets -€1.1m
down €1.1m (-100.0%), from €1.1m to €59
- Cash +€434,228
up €434,228 (+11906.0%), from €3,647 to €437,875
mainly Net result for the year (+€6.6m) and Investment in fixed assets (net) (+€843,546)
- Tangible fixed assets +€201,257
up €201,257 (+6.8%), from €3.0m to €3.2m
of which Land and buildings: +€202,461
Equity and liabilities
- Profit (loss) carried forward +€6.6m
up €6.6m (+3031.6%), from €217,843 to €6.8m
- Debts after one year -€127,388
down €127,388 (-8.2%), from €1.5m to €1.4m
of which Financial debts: -€127,388
Income statement
- Gross operating margin +€6.5m
up €6.5m (+3953.2%), from €165,124 to €6.7m
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
€10,030
Gross operating margin
+€6.5m
Depreciation
+€880
Other operating charges
+€82
Financial income
+€49,605
Financial charges
+€1,674
Taxes
+€14,131
Result 2025
€6.6m
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.
From operations
+€6.7m
Investment
-€6.2m
Financing
-€118,988
Cash 2024
€3,647
From operations (derived)
+€6.7m
Net result for the year
+€6.6m
Depreciation
+€72,778
Deferred charges and accrued income
+€2,255
Trade debts
+€42,970
Tax, wage and social debts
-€33,131
Other debts
+€20,765
Investment (derived)
-€6.2m
Investment in fixed assets (net)
+€843,546
Current investments
-€7.0m
Financing
-€118,988
Debts after one year
-€127,388
Current portion of long-term debt
+€8,400
Cash 2025
€437,875
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,087,728 | €10,603,378 | +€6.5m | +159.4% |
| Fixed assets | 21/28 | €4,069,826 | €3,153,502 | -€916,324 | -22.5% |
| Tangible fixed assets | 22/27 | €2,952,186 | €3,153,443 | +€201,257 | +6.8% |
| Land and buildings | 22 | €2,939,646 | €3,142,107 | +€202,461 | +6.9% |
| Furniture and vehicles | 24 | €3,000 | €1,797 | -€1,203 | -40.1% |
| Other tangible fixed assets | 26 | €9,540 | €9,540 | = | 0.0% |
| Financial fixed assets | 28 | €1,117,640 | €59 | -€1.1m | -100.0% |
| Current assets | 29/58 | €17,902 | €7,449,875 | +€7.4m | +41515.3% |
| Amounts receivable within one year | 40/41 | €12,000 | €12,000 | = | 0.0% |
| Trade receivables | 40 | €12,000 | €12,000 | = | 0.0% |
| Current investments | 50/53 | - | €7,000,000 | +€7.0m | |
| Cash at bank and in hand | 54/58 | €3,647 | €437,875 | +€434,228 | +11906.0% |
| Deferred charges and accrued income | 490/1 | €2,255 | - | -€2,255 | |
| Total equity and liabilities | 10/49 | €4,087,728 | €10,603,378 | +€6.5m | +159.4% |
| Equity | 10/15 | €2,206,982 | €8,811,016 | +€6.6m | +299.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,889,734 | €1,889,734 | = | 0.0% |
| Reserves | 13 | €37,432 | €37,432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €31,235 | €31,235 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,843 | €6,821,877 | +€6.6m | +3031.6% |
| Provisions and deferred taxes | 16 | €41,260 | €41,260 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €41,260 | €41,260 | = | 0.0% |
| Major repairs and maintenance | 162 | €41,260 | €41,260 | = | 0.0% |
| Amounts payable | 17/49 | €1,839,486 | €1,751,102 | -€88,384 | -4.8% |
| Amounts payable after more than one year | 17 | €1,546,297 | €1,418,909 | -€127,388 | -8.2% |
| Financial debts | 170/4 | €1,543,397 | €1,416,009 | -€127,388 | -8.3% |
| Other amounts payable | 178/9 | €2,900 | €2,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €293,189 | €332,192 | +€39,003 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €115,920 | €124,320 | +€8,400 | +7.2% |
| Trade debts | 44 | €91,283 | €134,252 | +€42,970 | +47.1% |
| Suppliers | 440/4 | €91,283 | €134,252 | +€42,970 | +47.1% |
| Taxes, remuneration and social security | 45 | €36,144 | €3,013 | -€33,131 | -91.7% |
| Taxes | 450/3 | €36,144 | €3,013 | -€33,131 | -91.7% |
| Other amounts payable | 47/48 | €49,841 | €70,606 | +€20,765 | +41.7% |
| Non-recurring operating income | 76A | - | €6,632,419 | +€6.6m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,657 | €72,778 | -€880 | -1.2% |
| Other operating charges | 640/8 | €28,029 | €27,947 | -€82 | -0.3% |
| Gross operating margin | 9900 | €165,124 | €6,692,756 | +€6.5m | +3953.2% |
| Operating profit (loss) | 9901 | €63,438 | €6,592,032 | +€6.5m | +10291.4% |
| Financial income | 75/76B | €2 | €49,606 | +€49,605 | +3081033.5% |
| Recurring financial income | 75 | €2 | €49,606 | +€49,605 | +3081033.5% |
| Financial charges | 65/66B | €36,265 | €34,590 | -€1,674 | -4.6% |
| Recurring financial charges | 65 | €36,265 | €34,590 | -€1,674 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €27,174 | €6,607,048 | +€6.6m | +24213.6% |
| Income taxes | 67/77 | €17,144 | €3,013 | -€14,131 | -82.4% |
| Profit (loss) for the period | 9904 | €10,030 | €6,604,034 | +€6.6m | +65743.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,030 | €6,604,034 | +€6.6m | +65743.3% |
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 9 October 2026 via checked.be.