HM BRUXELLES: what changed
HM BRUXELLES
Largest movements
- Receivables within one year +€9,760
up €9,760 (+48.2%), from €20,240 to €30,000
of which Trade receivables: +€12,000
- Cash +€1,905
up €1,905 (+4,181%), from €46 to €1,951
mainly Net result for the year (+€7,198) and Other debts (+€2,738)
- Reserves +€7,198
up €7,198 (+53.0%), from €13,580 to €20,779
- Other debts +€2,738
up €2,738 (+12.7%), from €21,622 to €24,359
- Trade debts +€1,010
up €1,010 (+27.5%), from €3,672 to €4,682
- Tax, wage and social debts +€720
up €720 (+53.4%), from €1,349 to €2,069
- Gross operating margin -€6,914
down €6,914 (-46.1%), from €14,982 to €8,068
- Taxes -€629
down €629 (-46.6%), from €1,349 to €720
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 | €20,285 | €31,951 | +€11,665 | +57.5% |
| Current assets | 29/58 | €20,285 | €31,951 | +€11,665 | +57.5% |
| Amounts receivable within one year | 40/41 | €20,240 | €30,000 | +€9,760 | +48.2% |
| Trade receivables | 40 | €18,000 | €30,000 | +€12,000 | +66.7% |
| Other amounts receivable | 41 | €2,240 | - | -€2,240 | |
| Cash at bank and in hand | 54/58 | €46 | €1,951 | +€1,905 | +4,181% |
| Total equity and liabilities | 10/49 | €20,285 | €31,951 | +€11,665 | +57.5% |
| Equity | 10/15 | -€6,358 | €841 | +€7,198 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,580 | €20,779 | +€7,198 | +53.0% |
| Distributable reserves | 133 | €13,580 | €20,779 | +€7,198 | +53.0% |
| Profit (loss) carried forward | 14 | -€38,538 | -€38,538 | = | 0.0% |
| Amounts payable | 17/49 | €26,643 | €31,110 | +€4,467 | +16.8% |
| Amounts payable within one year | 42/48 | €26,643 | €31,110 | +€4,467 | +16.8% |
| Trade debts | 44 | €3,672 | €4,682 | +€1,010 | +27.5% |
| Suppliers | 440/4 | €3,672 | €4,682 | +€1,010 | +27.5% |
| Taxes, remuneration and social security | 45 | €1,349 | €2,069 | +€720 | +53.4% |
| Taxes | 450/3 | €1,349 | €2,069 | +€720 | +53.4% |
| Other amounts payable | 47/48 | €21,622 | €24,359 | +€2,738 | +12.7% |
| Gross operating margin | 9900 | €14,982 | €8,068 | -€6,914 | -46.1% |
| Operating profit (loss) | 9901 | €14,982 | €8,068 | -€6,914 | -46.1% |
| Financial charges | 65/66B | €141 | €150 | +€9 | +6.5% |
| Recurring financial charges | 65 | €141 | €150 | +€9 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €14,841 | €7,918 | -€6,923 | -46.6% |
| Income taxes | 67/77 | €1,349 | €720 | -€629 | -46.6% |
| Profit (loss) for the period | 9904 | €13,492 | €7,198 | -€6,294 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,492 | €7,198 | -€6,294 | -46.6% |
Next steps
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 2 November 2026 via checked.be.