JEFF BRICKS: 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.
JEFF BRICKS
Largest movements
- Tangible fixed assets +€470,887
up €470,887 (+53.8%), from €874,742 to €1.3m
of which Land and buildings: +€470,634
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€49,257
down €49,257 (-60.4%), from €81,580 to €32,323
- Cash -€27,652
down €27,652 (-85.8%), from €32,244 to €4,592
mainly Investment in fixed assets (net) (-€513,542) and Net result for the year (-€68,755)
- Debts after one year +€252,200
new in 2025: €252,200
- Other debts +€88,631
up €88,631 (+11.2%), from €791,534 to €880,164
- Profit (loss) carried forward -€58,649
down €58,649 (-96.3%), from -€60,886 to -€119,535
- Gross operating margin +€23,944
up €23,944, from -€17,670 to €6,274
- Depreciation +€19,243
up €19,243 (+82.2%), from €23,412 to €42,655
- Other operating charges +€18,543
up €18,543 (+207%), from €8,978 to €27,521
- Financial charges +€6,083
up €6,083 (+1,340%), from €454 to €6,537
- Financial income +€324
up €324 (+23.9%), from €1,360 to €1,684
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 | €1,143,330 | €1,437,308 | +€293,978 | +25.7% |
| Fixed assets | 21/28 | €929,506 | €1,400,393 | +€470,887 | +50.7% |
| Tangible fixed assets | 22/27 | €874,742 | €1,345,629 | +€470,887 | +53.8% |
| Land and buildings | 22 | €869,733 | €1,340,367 | +€470,634 | +54.1% |
| Plant, machinery and equipment | 23 | €4,033 | €2,963 | -€1,070 | -26.5% |
| Furniture and vehicles | 24 | €976 | €2,299 | +€1,323 | +135% |
| Financial fixed assets | 28 | €54,764 | €54,764 | = | 0.0% |
| Current assets | 29/58 | €213,824 | €36,916 | -€176,909 | -82.7% |
| Amounts receivable within one year | 40/41 | €81,580 | €32,323 | -€49,257 | -60.4% |
| Other amounts receivable | 41 | €81,580 | €32,323 | -€49,257 | -60.4% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €32,244 | €4,592 | -€27,652 | -85.8% |
| Total equity and liabilities | 10/49 | €1,143,330 | €1,437,308 | +€293,978 | +25.7% |
| Equity | 10/15 | €336,515 | €267,760 | -€68,755 | -20.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €322,401 | €312,295 | -€10,106 | -3.1% |
| Tax-exempt reserves | 132 | €248,299 | €238,193 | -€10,106 | -4.1% |
| Distributable reserves | 133 | €74,102 | €74,102 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,886 | -€119,535 | -€58,649 | -96.3% |
| Amounts payable | 17/49 | €806,815 | €1,169,548 | +€362,733 | +45.0% |
| Amounts payable after more than one year | 17 | - | €252,200 | +€252,200 | |
| Financial debts | 170/4 | - | €252,200 | +€252,200 | |
| Amounts payable within one year | 42/48 | €806,815 | €917,348 | +€110,533 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €3,125 | €12,725 | +€9,600 | +307% |
| Trade debts | 44 | €7,500 | €15,596 | +€8,095 | +108% |
| Suppliers | 440/4 | €7,500 | €15,596 | +€8,095 | +108% |
| Taxes, remuneration and social security | 45 | €4,656 | €8,863 | +€4,207 | +90.4% |
| Taxes | 450/3 | €1,367 | €5,574 | +€4,207 | +308% |
| Remuneration and social security | 454/9 | €3,289 | €3,289 | = | 0.0% |
| Other amounts payable | 47/48 | €791,534 | €880,164 | +€88,631 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,412 | €42,655 | +€19,243 | +82.2% |
| Other operating charges | 640/8 | €8,978 | €27,521 | +€18,543 | +207% |
| Gross operating margin | 9900 | -€17,670 | €6,274 | +€23,944 | |
| Operating profit (loss) | 9901 | -€50,061 | -€63,902 | -€13,842 | -27.6% |
| Financial income | 75/76B | €1,360 | €1,684 | +€324 | +23.9% |
| Recurring financial income | 75 | €1,360 | €1,684 | +€324 | +23.9% |
| Financial charges | 65/66B | €454 | €6,537 | +€6,083 | +1,340% |
| Recurring financial charges | 65 | €454 | €6,537 | +€6,083 | +1,340% |
| Profit (loss) for the period before taxes | 9903 | -€49,155 | -€68,755 | -€19,600 | -39.9% |
| Profit (loss) for the period | 9904 | -€49,155 | -€68,755 | -€19,600 | -39.9% |
| Transfer from tax-exempt reserves | 789 | €10,106 | €10,106 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,049 | -€58,649 | -€19,600 | -50.2% |
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 13 October 2026 via checked.be.