JOSEPH BRICKS: what changed
Two fiscal 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.
JOSEPH BRICKS
Largest movements
- Receivables within one year -€133,450
down €133,450 (-21.1%), from €633,244 to €499,794
of which Trade receivables: -€131,064
- Stocks and contracts +€58,247
up €58,247 (+6.5%), from €901,405 to €959,653
- Cash +€34,423
up €34,423 (+10043.5%), from €343 to €34,766
mainly Contributions, distributions and other (+€300,000) and Depreciation (+€280,475)
- Contributions +€300,000
up €300,000 (+39.0%), from €768,600 to €1.1m
- Short-term financial debts -€250,000
down €250,000 (-52.5%), from €476,000 to €226,000
- Profit (loss) carried forward -€88,525
down €88,525 (-15.8%), from -€560,783 to -€649,308
- Current portion of long-term debt +€64,967
up €64,967 (+21.6%), from €301,135 to €366,101
- Trade debts -€54,338
down €54,338 (-14.4%), from €377,028 to €322,690
- Staff costs +€128,117
up €128,117 (+59.9%), from €213,950 to €342,067
- Gross operating margin +€50,380
up €50,380 (+8.5%), from €589,786 to €640,166
- Depreciation +€7,404
up €7,404 (+2.7%), from €273,071 to €280,475
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 | €2,824,998 | €2,775,624 | -€49,374 | -1.7% |
| Fixed assets | 21/28 | €1,274,317 | €1,269,826 | -€4,491 | -0.4% |
| Intangible fixed assets | 21 | €25,768 | €44,823 | +€19,055 | +73.9% |
| Tangible fixed assets | 22/27 | €1,248,549 | €1,225,004 | -€23,545 | -1.9% |
| Land and buildings | 22 | €96,036 | €91,050 | -€4,986 | -5.2% |
| Plant, machinery and equipment | 23 | €1,069,093 | €970,170 | -€98,923 | -9.3% |
| Furniture and vehicles | 24 | €83,420 | €163,783 | +€80,363 | +96.3% |
| Current assets | 29/58 | €1,550,681 | €1,505,798 | -€44,883 | -2.9% |
| Stocks and contracts in progress | 3 | €901,405 | €959,653 | +€58,247 | +6.5% |
| Stocks | 30/36 | €901,405 | €959,653 | +€58,247 | +6.5% |
| Amounts receivable within one year | 40/41 | €633,244 | €499,794 | -€133,450 | -21.1% |
| Trade receivables | 40 | €416,028 | €284,964 | -€131,064 | -31.5% |
| Other amounts receivable | 41 | €217,216 | €214,830 | -€2,386 | -1.1% |
| Cash at bank and in hand | 54/58 | €343 | €34,766 | +€34,423 | +10043.5% |
| Deferred charges and accrued income | 490/1 | €15,689 | €11,585 | -€4,104 | -26.2% |
| Total equity and liabilities | 10/49 | €2,824,998 | €2,775,624 | -€49,374 | -1.7% |
| Equity | 10/15 | €207,817 | €419,292 | +€211,475 | +101.8% |
| Contributions | 10/11 | €768,600 | €1,068,600 | +€300,000 | +39.0% |
| Profit (loss) carried forward | 14 | -€560,783 | -€649,308 | -€88,525 | -15.8% |
| Amounts payable | 17/49 | €2,617,180 | €2,356,332 | -€260,849 | -10.0% |
| Amounts payable after more than one year | 17 | €1,090,978 | €1,075,558 | -€15,420 | -1.4% |
| Financial debts | 170/4 | €1,090,978 | €1,075,558 | -€15,420 | -1.4% |
| Amounts payable within one year | 42/48 | €1,526,202 | €1,280,774 | -€245,429 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €301,135 | €366,101 | +€64,967 | +21.6% |
| Financial debts | 43 | €476,000 | €226,000 | -€250,000 | -52.5% |
| Credit institutions | 430/8 | €476,000 | €226,000 | -€250,000 | -52.5% |
| Trade debts | 44 | €377,028 | €322,690 | -€54,338 | -14.4% |
| Suppliers | 440/4 | €377,028 | €322,690 | -€54,338 | -14.4% |
| Taxes, remuneration and social security | 45 | €23,717 | €5,393 | -€18,324 | -77.3% |
| Taxes | 450/3 | €14,929 | €5,393 | -€9,536 | -63.9% |
| Remuneration and social security | 454/9 | €8,788 | €0 | -€8,788 | -100.0% |
| Other amounts payable | 47/48 | €348,322 | €360,589 | +€12,266 | +3.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €30,099 | +€30,099 | |
| Remuneration, social security and pensions | 62 | €213,950 | €342,067 | +€128,117 | +59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273,071 | €280,475 | +€7,404 | +2.7% |
| Other operating charges | 640/8 | €25,145 | €30,413 | +€5,268 | +20.9% |
| Non-recurring operating charges | 66A | €704 | €0 | -€704 | -100.0% |
| Gross operating margin | 9900 | €589,786 | €640,166 | +€50,380 | +8.5% |
| Operating profit (loss) | 9901 | €76,915 | -€12,789 | -€89,704 | |
| Financial income | 75/76B | €374 | €101 | -€274 | -73.1% |
| Recurring financial income | 75 | €374 | €101 | -€274 | -73.1% |
| Financial charges | 65/66B | €73,620 | €73,241 | -€379 | -0.5% |
| Recurring financial charges | 65 | €73,620 | €73,241 | -€379 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €3,670 | -€85,929 | -€89,599 | |
| Income taxes | 67/77 | €184 | €2,596 | +€2,412 | +1309.6% |
| Profit (loss) for the period | 9904 | €3,486 | -€88,525 | -€92,011 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,486 | -€88,525 | -€92,011 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.