Brussels Securities: 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 Securities
Largest movements
- Financial fixed assets +€69.1m
up €69.1m (+66.9%), from €103.3m to €172.4m
- Receivables within one year +€6.3m
up €6.3m (+105.3%), from €5.9m to €12.2m
- Profit (loss) carried forward +€75.5m
up €75.5m (+566.2%), from €13.3m to €88.8m
- Financial income +€71.0m
up €71.0m (+1563.4%), from €4.5m to €75.5m
of which Non-recurring financial income: +€70.9m
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,329,263 | €184,800,141 | +€75.5m | +69.0% |
| Fixed assets | 21/28 | €103,267,153 | €172,352,709 | +€69.1m | +66.9% |
| Financial fixed assets | 28 | €103,267,153 | €172,352,709 | +€69.1m | +66.9% |
| Affiliated companies | 280/1 | €103,267,153 | €172,352,709 | +€69.1m | +66.9% |
| Participating interests | 280 | €103,267,153 | €172,352,709 | +€69.1m | +66.9% |
| Current assets | 29/58 | €6,062,110 | €12,447,432 | +€6.4m | +105.3% |
| Amounts receivable within one year | 40/41 | €5,947,901 | €12,209,434 | +€6.3m | +105.3% |
| Other amounts receivable | 41 | €5,947,901 | €12,209,434 | +€6.3m | +105.3% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Other investments | 51/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €114,208 | €237,998 | +€123,790 | +108.4% |
| Total equity and liabilities | 10/49 | €109,329,263 | €184,800,141 | +€75.5m | +69.0% |
| Equity | 10/15 | €109,329,263 | €184,793,455 | +€75.5m | +69.0% |
| Contributions | 10/11 | €81,000,000 | €81,000,000 | = | 0.0% |
| Capital | 10 | €70,000,000 | €70,000,000 | = | 0.0% |
| Issued capital | 100 | €70,000,000 | €70,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €11,000,000 | €11,000,000 | = | 0.0% |
| Share premium | 1100/10 | €11,000,000 | €11,000,000 | = | 0.0% |
| Reserves | 13 | €15,000,000 | €15,000,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000,000 | €7,000,000 | = | 0.0% |
| Legal reserve | 130 | €7,000,000 | €7,000,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000,000 | €8,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,329,263 | €88,793,455 | +€75.5m | +566.2% |
| Amounts payable | 17/49 | - | €6,686 | +€6,686 | |
| Amounts payable within one year | 42/48 | - | €6,686 | +€6,686 | |
| Trade debts | 44 | - | €6,686 | +€6,686 | |
| Suppliers | 440/4 | - | €6,686 | +€6,686 | |
| Operating charges | 60/66A | €33,007 | €39,890 | +€6,883 | +20.9% |
| Services and other goods | 61 | €32,039 | €34,737 | +€2,698 | +8.4% |
| Other operating charges | 640/8 | €968 | €5,153 | +€4,186 | +432.6% |
| Operating profit (loss) | 9901 | -€33,007 | -€39,890 | -€6,883 | -20.9% |
| Financial income | 75/76B | €4,539,304 | €75,505,006 | +€71.0m | +1563.4% |
| Recurring financial income | 75 | €64,989 | €161,349 | +€96,360 | +148.3% |
| Income from current assets | 751 | €64,989 | €161,349 | +€96,360 | +148.3% |
| Non-recurring financial income | 76B | €4,474,315 | €75,343,657 | +€70.9m | +1583.9% |
| Financial charges | 65/66B | €744 | €924 | +€180 | +24.3% |
| Recurring financial charges | 65 | €744 | €924 | +€180 | +24.3% |
| Other financial charges | 652/9 | €744 | €924 | +€180 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €4,505,554 | €75,464,192 | +€71.0m | +1574.9% |
| Profit (loss) for the period | 9904 | €4,505,554 | €75,464,192 | +€71.0m | +1574.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,505,554 | €75,464,192 | +€71.0m | +1574.9% |
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.