Brussels South Development: 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 South Development
Largest movements
- Receivables within one year +€15,499
up €15,499 (+15.8%), from €98,010 to €113,509
- Cash -€10,294
down €10,294 (-85.5%), from €12,036 to €1,742
mainly Net result for the year (-€85,055) and Receivables within one year (-€15,499)
- Intangible fixed assets -€2,272
down €2,272 (-17.8%), from €12,762 to €10,490
- Profit (loss) carried forward -€85,055
down €85,055 (-18.0%), from -€473,613 to -€558,668
- Other debts +€85,000
up €85,000 (+17.9%), from €474,500 to €559,500
- Accrued charges and deferred income +€7,670
up €7,670 (+64.0%), from €11,978 to €19,648
- Trade debts -€5,233
down €5,233 (-39.6%), from €13,219 to €7,986
- Other operating charges -€4,176
down €4,176 (-80.0%), from €5,223 to €1,047
- Financial charges +€1,732
up €1,732 (+19.1%), from €9,077 to €10,809
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 | €126,084 | €128,466 | +€2,382 | +1.9% |
| Fixed assets | 21/28 | €16,037 | €12,878 | -€3,159 | -19.7% |
| Intangible fixed assets | 21 | €12,762 | €10,490 | -€2,272 | -17.8% |
| Tangible fixed assets | 22/27 | €3,275 | €2,388 | -€887 | -27.1% |
| Furniture and vehicles | 24 | €3,275 | €2,388 | -€887 | -27.1% |
| Current assets | 29/58 | €110,046 | €115,587 | +€5,541 | +5.0% |
| Amounts receivable within one year | 40/41 | €98,010 | €113,509 | +€15,499 | +15.8% |
| Other amounts receivable | 41 | €98,010 | €113,509 | +€15,499 | +15.8% |
| Cash at bank and in hand | 54/58 | €12,036 | €1,742 | -€10,294 | -85.5% |
| Deferred charges and accrued income | 490/1 | - | €337 | +€337 | |
| Total equity and liabilities | 10/49 | €126,084 | €128,466 | +€2,382 | +1.9% |
| Equity | 10/15 | -€373,613 | -€458,668 | -€85,055 | -22.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€473,613 | -€558,668 | -€85,055 | -18.0% |
| Amounts payable | 17/49 | €499,697 | €587,134 | +€87,437 | +17.5% |
| Amounts payable within one year | 42/48 | €487,719 | €567,486 | +€79,767 | +16.4% |
| Trade debts | 44 | €13,219 | €7,986 | -€5,233 | -39.6% |
| Suppliers | 440/4 | €13,219 | €7,986 | -€5,233 | -39.6% |
| Other amounts payable | 47/48 | €474,500 | €559,500 | +€85,000 | +17.9% |
| Accrued charges and deferred income | 492/3 | €11,978 | €19,648 | +€7,670 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,854 | €4,444 | +€591 | +15.3% |
| Other operating charges | 640/8 | €5,223 | €1,047 | -€4,176 | -80.0% |
| Non-recurring operating charges | 66A | €77 | €30 | -€47 | -61.0% |
| Gross operating margin | 9900 | -€69,363 | -€68,726 | +€637 | +0.9% |
| Operating profit (loss) | 9901 | -€78,516 | -€74,247 | +€4,270 | +5.4% |
| Financial charges | 65/66B | €9,077 | €10,809 | +€1,732 | +19.1% |
| Recurring financial charges | 65 | €9,077 | €10,809 | +€1,732 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€87,593 | -€85,055 | +€2,538 | +2.9% |
| Profit (loss) for the period | 9904 | -€87,593 | -€85,055 | +€2,538 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,593 | -€85,055 | +€2,538 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.