BRUXELLES 13: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
BRUXELLES 13
Largest movements
- Tangible fixed assets +€225,367
up €225,367 (+13.0%), from €1.7m to €2.0m
- Cash +€37,633
up €37,633 (+356%), from €10,576 to €48,209
mainly Debts after one year (+€249,494) and Depreciation (+€119,204)
- Debts after one year +€249,494
up €249,494 (+21.8%), from €1.1m to €1.4m
of which Financial debts: +€249,494
- Other debts +€39,041
up €39,041 (+5.1%), from €762,146 to €801,187
- Profit (loss) carried forward -€38,268
down €38,268 (-20.3%), from -€188,166 to -€226,435
- Depreciation +€52,174
up €52,174 (+77.8%), from €67,030 to €119,204
- Gross operating margin +€34,826
up €34,826 (+46.7%), from €74,567 to €109,393
- Financial charges -€1,145
down €1,145 (-4.1%), from €28,028 to €26,883
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,784,534 | €2,052,283 | +€267,749 | +15.0% |
| Fixed assets | 21/28 | €1,733,126 | €1,958,492 | +€225,367 | +13.0% |
| Tangible fixed assets | 22/27 | €1,733,126 | €1,958,492 | +€225,367 | +13.0% |
| Land and buildings | 22 | €1,733,126 | €1,958,492 | +€225,367 | +13.0% |
| Current assets | 29/58 | €51,408 | €93,790 | +€42,383 | +82.4% |
| Amounts receivable within one year | 40/41 | €40,728 | €45,430 | +€4,701 | +11.5% |
| Trade receivables | 40 | - | €1,126 | +€1,126 | |
| Other amounts receivable | 41 | €40,728 | €44,303 | +€3,575 | +8.8% |
| Cash at bank and in hand | 54/58 | €10,576 | €48,209 | +€37,633 | +356% |
| Deferred charges and accrued income | 490/1 | €103 | €151 | +€48 | +46.4% |
| Total equity and liabilities | 10/49 | €1,784,534 | €2,052,283 | +€267,749 | +15.0% |
| Equity | 10/15 | -€181,287 | -€219,555 | -€38,268 | -21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €680 | €680 | = | 0.0% |
| Non-distributable reserves | 130/1 | €680 | €680 | = | 0.0% |
| Reserves not available under the articles | 1311 | €680 | €680 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,166 | -€226,435 | -€38,268 | -20.3% |
| Amounts payable | 17/49 | €1,965,820 | €2,271,838 | +€306,017 | +15.6% |
| Amounts payable after more than one year | 17 | €1,144,728 | €1,394,221 | +€249,494 | +21.8% |
| Financial debts | 170/4 | €1,140,158 | €1,389,651 | +€249,494 | +21.9% |
| Other amounts payable | 178/9 | €4,570 | €4,570 | = | 0.0% |
| Amounts payable within one year | 42/48 | €821,093 | €877,616 | +€56,524 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €58,809 | €67,720 | +€8,912 | +15.2% |
| Trade debts | 44 | €138 | €8,709 | +€8,571 | +6,210% |
| Suppliers | 440/4 | €138 | €8,709 | +€8,571 | +6,210% |
| Other amounts payable | 47/48 | €762,146 | €801,187 | +€39,041 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,030 | €119,204 | +€52,174 | +77.8% |
| Other operating charges | 640/8 | €676 | €1,575 | +€898 | +133% |
| Gross operating margin | 9900 | €74,567 | €109,393 | +€34,826 | +46.7% |
| Operating profit (loss) | 9901 | €6,861 | -€11,386 | -€18,246 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €28,028 | €26,883 | -€1,145 | -4.1% |
| Recurring financial charges | 65 | €28,028 | €26,883 | -€1,145 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,166 | -€38,268 | -€17,102 | -80.8% |
| Profit (loss) for the period | 9904 | -€21,166 | -€38,268 | -€17,102 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,166 | -€38,268 | -€17,102 | -80.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.