BRUSSELS TRADUCTIONS: 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 TRADUCTIONS
Largest movements
- Tangible fixed assets -€26,496
down €26,496 (-3.4%), from €785,723 to €759,227
of which Land and buildings: -€19,540
- Intangible fixed assets -€12,000
no longer reported in 2025 (was €12,000)
- Debts after one year -€62,178
down €62,178 (-10.5%), from €590,468 to €528,290
- Other debts +€24,553
up €24,553 (+32.0%), from €76,629 to €101,182
- Profit (loss) carried forward +€9,769
up €9,769 (+28.6%), from -€34,129 to -€24,360
- Gross operating margin +€16,882
up €16,882 (+29.5%), from €57,213 to €74,095
- Financial charges +€2,467
up €2,467 (+12.4%), from €19,907 to €22,374
- Other operating charges -€841
down €841 (-21.0%), from €4,005 to €3,164
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 | €802,267 | €763,266 | -€39,001 | -4.9% |
| Fixed assets | 21/28 | €797,723 | €759,227 | -€38,496 | -4.8% |
| Intangible fixed assets | 21 | €12,000 | - | -€12,000 | |
| Tangible fixed assets | 22/27 | €785,723 | €759,227 | -€26,496 | -3.4% |
| Land and buildings | 22 | €773,540 | €754,000 | -€19,540 | -2.5% |
| Plant, machinery and equipment | 23 | €2,007 | €1,728 | -€279 | -13.9% |
| Furniture and vehicles | 24 | €10,176 | €3,499 | -€6,677 | -65.6% |
| Current assets | 29/58 | €4,544 | €4,039 | -€505 | -11.1% |
| Amounts receivable within one year | 40/41 | €3,144 | €493 | -€2,651 | -84.3% |
| Trade receivables | 40 | €3,144 | €99 | -€3,045 | -96.8% |
| Other amounts receivable | 41 | - | €394 | +€394 | |
| Cash at bank and in hand | 54/58 | €1,165 | €3,239 | +€2,074 | +178% |
| Deferred charges and accrued income | 490/1 | €234 | €306 | +€72 | +30.8% |
| Total equity and liabilities | 10/49 | €802,267 | €763,266 | -€39,001 | -4.9% |
| Equity | 10/15 | €69,671 | €79,440 | +€9,769 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €82,500 | €82,500 | = | 0.0% |
| Reserves | 13 | €2,700 | €2,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,700 | €2,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,700 | €2,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,129 | -€24,360 | +€9,769 | +28.6% |
| Amounts payable | 17/49 | €732,595 | €683,826 | -€48,770 | -6.7% |
| Amounts payable after more than one year | 17 | €590,468 | €528,290 | -€62,178 | -10.5% |
| Financial debts | 170/4 | €590,468 | €528,290 | -€62,178 | -10.5% |
| Amounts payable within one year | 42/48 | €142,127 | €155,535 | +€13,408 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €55,979 | €50,556 | -€5,423 | -9.7% |
| Trade debts | 44 | €9,015 | €3,517 | -€5,498 | -61.0% |
| Suppliers | 440/4 | €9,015 | €3,517 | -€5,498 | -61.0% |
| Taxes, remuneration and social security | 45 | €504 | €280 | -€224 | -44.4% |
| Taxes | 450/3 | €504 | €280 | -€224 | -44.4% |
| Other amounts payable | 47/48 | €76,629 | €101,182 | +€24,553 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,471 | €38,496 | +€25 | +0.1% |
| Other operating charges | 640/8 | €4,005 | €3,164 | -€841 | -21.0% |
| Gross operating margin | 9900 | €57,213 | €74,095 | +€16,882 | +29.5% |
| Operating profit (loss) | 9901 | €14,737 | €32,435 | +€17,698 | +120% |
| Financial income | 75/76B | €110 | €7 | -€104 | -93.9% |
| Recurring financial income | 75 | €110 | €7 | -€104 | -93.9% |
| Financial charges | 65/66B | €19,907 | €22,374 | +€2,467 | +12.4% |
| Recurring financial charges | 65 | €19,907 | €22,374 | +€2,467 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,060 | €10,068 | +€15,128 | |
| Income taxes | 67/77 | €300 | €300 | +€0 | +0.2% |
| Profit (loss) for the period | 9904 | -€5,360 | €9,767 | +€15,127 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,360 | €9,767 | +€15,127 |
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 24 October 2026 via checked.be.