BRUSSELS INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€5,937
down €5,937 (-32.2%), from €18,414 to €12,477
- Receivables within one year -€2,175
down €2,175 (-10.6%), from €20,612 to €18,437
of which Other amounts receivable: -€2,175
- Cash +€1,356
up €1,356 (+68.6%), from €1,976 to €3,332
mainly Depreciation (+€5,937) and Receivables within one year (+€2,175)
- Debts after one year -€6,797
down €6,797 (-74.4%), from €9,141 to €2,344
- Other debts -€2,479
down €2,479 (-46.2%), from €5,370 to €2,891
- Profit (loss) carried forward +€1,849
up €1,849 (+85.0%), from -€2,176 to -€327
- Tax, wage and social debts +€1,149
up €1,149 (+188%), from €612 to €1,761
of which Remuneration and social security: +€1,034
- Current portion of long-term debt -€559
down €559 (-7.6%), from €7,356 to €6,797
- Gross operating margin +€7,816
up €7,816 (+69.5%), from €11,250 to €19,066
- Staff costs +€5,085
up €5,085 (+183%), from €2,783 to €7,868
- Other operating charges +€1,178
up €1,178 (+155%), from €762 to €1,940
- Financial charges -€438
down €438 (-22.9%), from €1,910 to €1,472
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 | €41,555 | €34,710 | -€6,845 | -16.5% |
| Fixed assets | 21/28 | €18,514 | €12,577 | -€5,937 | -32.1% |
| Tangible fixed assets | 22/27 | €18,414 | €12,477 | -€5,937 | -32.2% |
| Furniture and vehicles | 24 | €18,414 | €12,477 | -€5,937 | -32.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €23,041 | €22,133 | -€908 | -3.9% |
| Amounts receivable within one year | 40/41 | €20,612 | €18,437 | -€2,175 | -10.6% |
| Trade receivables | 40 | €5,437 | €5,437 | = | 0.0% |
| Other amounts receivable | 41 | €15,175 | €13,000 | -€2,175 | -14.3% |
| Cash at bank and in hand | 54/58 | €1,976 | €3,332 | +€1,356 | +68.6% |
| Deferred charges and accrued income | 490/1 | €453 | €364 | -€89 | -19.6% |
| Total equity and liabilities | 10/49 | €41,555 | €34,710 | -€6,845 | -16.5% |
| Equity | 10/15 | €16,424 | €18,273 | +€1,849 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,176 | -€327 | +€1,849 | +85.0% |
| Amounts payable | 17/49 | €25,131 | €16,437 | -€8,694 | -34.6% |
| Amounts payable after more than one year | 17 | €9,141 | €2,344 | -€6,797 | -74.4% |
| Financial debts | 170/4 | €9,141 | €2,344 | -€6,797 | -74.4% |
| Amounts payable within one year | 42/48 | €15,990 | €14,093 | -€1,897 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €7,356 | €6,797 | -€559 | -7.6% |
| Trade debts | 44 | €2,652 | €2,644 | -€8 | -0.3% |
| Suppliers | 440/4 | €2,652 | €2,644 | -€8 | -0.3% |
| Taxes, remuneration and social security | 45 | €612 | €1,761 | +€1,149 | +188% |
| Taxes | 450/3 | - | €115 | +€115 | |
| Remuneration and social security | 454/9 | €612 | €1,646 | +€1,034 | +169% |
| Other amounts payable | 47/48 | €5,370 | €2,891 | -€2,479 | -46.2% |
| Remuneration, social security and pensions | 62 | €2,783 | €7,868 | +€5,085 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,938 | €5,937 | -€1 | 0.0% |
| Other operating charges | 640/8 | €762 | €1,940 | +€1,178 | +155% |
| Gross operating margin | 9900 | €11,250 | €19,066 | +€7,816 | +69.5% |
| Operating profit (loss) | 9901 | €1,767 | €3,321 | +€1,554 | +87.9% |
| Financial charges | 65/66B | €1,910 | €1,472 | -€438 | -22.9% |
| Recurring financial charges | 65 | €1,910 | €1,472 | -€438 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€143 | €1,849 | +€1,992 | |
| Profit (loss) for the period | 9904 | -€143 | €1,849 | +€1,992 | |
| Profit (loss) for the period to be appropriated | 9905 | -€143 | €1,849 | +€1,992 |
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 29 October 2026 via checked.be.