Brussels Land: what changed
What changed
Brussels Land
NACE 52.210, Service activities incidental to land transportation
filed annual accounts (NBB)
Net result for the year
-€18,551
2024 · €129,108-€147,660
Equity
€1.8m
2024 · €1.8m-€18,551
Cash
€119,718
2024 · €182,589-€62,871
Balance sheet total
€25.3m
2024 · €25.4m-€61,048
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€5.4m
down €5.4m (-37.2%), from €14.4m to €9.1m
of which Financial debts: -€5.4m
- Short-term financial debts +€5.4m
up €5.4m (+106%), from €5.0m to €10.4m
Income statement
- Gross operating margin -€480,204
down €480,204 (-31.7%), from €1.5m to €1.0m
- Financial charges -€386,968
down €386,968 (-34.5%), from €1.1m to €734,383
- Other operating charges +€69,117
up €69,117 (+32.2%), from €214,542 to €283,659
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€129,108
Gross operating margin
-€480,204
Other operating charges
-€69,117
Financial income
-€0
Financial charges
+€386,968
Taxes
+€14,693
Result 2025
-€18,551
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€56,771
Investment
€0
Financing
-€6,101
Cash 2024
€182,589
From operations (derived)
-€56,771
Net result for the year
-€18,551
Smaller working-capital items
-€2,204
Other debts
+€140,349
Accrued charges and deferred income
-€176,365
Financing
-€6,101
Debts after one year
-€5.4m
Current portion of long-term debt
+€112
Short-term financial debts
+€5.4m
Cash 2025
€119,718
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,357,755 | €25,296,708 | -€61,048 | -0.2% |
| Current assets | 29/58 | €25,357,755 | €25,296,708 | -€61,048 | -0.2% |
| Stocks and contracts in progress | 3 | €24,926,159 | €24,926,159 | = | 0.0% |
| Stocks | 30/36 | €24,926,159 | €24,926,159 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €226,807 | €228,865 | +€2,058 | +0.9% |
| Trade receivables | 40 | €15,307 | €25,700 | +€10,393 | +67.9% |
| Other amounts receivable | 41 | €211,500 | €203,165 | -€8,335 | -3.9% |
| Cash at bank and in hand | 54/58 | €182,589 | €119,718 | -€62,871 | -34.4% |
| Deferred charges and accrued income | 490/1 | €22,200 | €21,966 | -€234 | -1.1% |
| Total equity and liabilities | 10/49 | €25,357,755 | €25,296,708 | -€61,048 | -0.2% |
| Equity | 10/15 | €1,789,436 | €1,770,885 | -€18,551 | -1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,727,436 | €1,708,885 | -€18,551 | -1.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,721,236 | €1,702,685 | -€18,551 | -1.1% |
| Amounts payable | 17/49 | €23,568,319 | €23,525,823 | -€42,496 | -0.2% |
| Amounts payable after more than one year | 17 | €14,424,791 | €9,059,578 | -€5.4m | -37.2% |
| Financial debts | 170/4 | €13,024,791 | €7,659,578 | -€5.4m | -41.2% |
| Other amounts payable | 178/9 | €1,400,000 | €1,400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,853,584 | €14,352,665 | +€5.5m | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €6,101 | €6,213 | +€112 | +1.8% |
| Financial debts | 43 | €5,046,000 | €10,405,000 | +€5.4m | +106% |
| Credit institutions | 430/8 | €5,046,000 | €10,405,000 | +€5.4m | +106% |
| Trade debts | 44 | €23,694 | €25,356 | +€1,661 | +7.0% |
| Suppliers | 440/4 | €23,694 | €25,356 | +€1,661 | +7.0% |
| Taxes, remuneration and social security | 45 | €27,789 | €25,748 | -€2,041 | -7.3% |
| Taxes | 450/3 | €27,789 | €25,748 | -€2,041 | -7.3% |
| Other amounts payable | 47/48 | €3,750,000 | €3,890,349 | +€140,349 | +3.7% |
| Accrued charges and deferred income | 492/3 | €289,944 | €113,579 | -€176,365 | -60.8% |
| Other operating charges | 640/8 | €214,542 | €283,659 | +€69,117 | +32.2% |
| Gross operating margin | 9900 | €1,515,595 | €1,035,391 | -€480,204 | -31.7% |
| Operating profit (loss) | 9901 | €1,301,052 | €751,732 | -€549,321 | -42.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,121,351 | €734,383 | -€386,968 | -34.5% |
| Recurring financial charges | 65 | €1,121,351 | €734,383 | -€386,968 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €179,701 | €17,348 | -€162,353 | -90.3% |
| Income taxes | 67/77 | €50,593 | €35,900 | -€14,693 | -29.0% |
| Profit (loss) for the period | 9904 | €129,108 | -€18,551 | -€147,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,108 | -€18,551 | -€147,660 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.