L'as de brique: 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.
L'as de brique
Largest movements
- Cash +€113,446
up €113,446 (+293%), from €38,748 to €152,194
mainly Receivables within one year (+€63,443) and Depreciation (+€35,242)
- Receivables within one year -€63,443
down €63,443 (-72.2%), from €87,830 to €24,388
of which Other amounts receivable: -€37,769
- Tangible fixed assets +€27,590
up €27,590 (+35.5%), from €77,721 to €105,311
of which Furniture and vehicles: +€31,498
- Stocks and contracts -€4,049
down €4,049 (-46.8%), from €8,651 to €4,602
- Reserves +€30,000
up €30,000 (+18.1%), from €165,500 to €195,500
- Debts after one year +€29,085
up €29,085 (+395%), from €7,364 to €36,449
- Tax, wage and social debts +€17,244
up €17,244 (+172%), from €10,028 to €27,273
of which Taxes: +€15,999
- Trade debts -€6,234
down €6,234 (-57.3%), from €10,887 to €4,653
- Gross operating margin +€17,871
up €17,871 (+13.9%), from €128,374 to €146,245
- Staff costs -€8,439
down €8,439 (-12.7%), from €66,227 to €57,788
- Taxes +€3,575
up €3,575 (+55.5%), from €6,443 to €10,018
- Financial charges +€1,872
up €1,872 (+206%), from €910 to €2,783
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 | €217,194 | €290,384 | +€73,190 | +33.7% |
| Fixed assets | 21/28 | €77,982 | €105,443 | +€27,461 | +35.2% |
| Intangible fixed assets | 21 | €129 | - | -€129 | |
| Tangible fixed assets | 22/27 | €77,721 | €105,311 | +€27,590 | +35.5% |
| Land and buildings | 22 | €39,226 | €37,390 | -€1,836 | -4.7% |
| Plant, machinery and equipment | 23 | €7,382 | €5,309 | -€2,072 | -28.1% |
| Furniture and vehicles | 24 | €31,114 | €62,612 | +€31,498 | +101% |
| Financial fixed assets | 28 | €132 | €132 | = | 0.0% |
| Current assets | 29/58 | €139,212 | €184,941 | +€45,729 | +32.8% |
| Stocks and contracts in progress | 3 | €8,651 | €4,602 | -€4,049 | -46.8% |
| Stocks | 30/36 | €8,651 | €4,602 | -€4,049 | -46.8% |
| Amounts receivable within one year | 40/41 | €87,830 | €24,388 | -€63,443 | -72.2% |
| Trade receivables | 40 | €49,266 | €23,592 | -€25,674 | -52.1% |
| Other amounts receivable | 41 | €38,565 | €796 | -€37,769 | -97.9% |
| Cash at bank and in hand | 54/58 | €38,748 | €152,194 | +€113,446 | +293% |
| Deferred charges and accrued income | 490/1 | €3,983 | €3,757 | -€225 | -5.7% |
| Total equity and liabilities | 10/49 | €217,194 | €290,384 | +€73,190 | +33.7% |
| Equity | 10/15 | €168,838 | €198,244 | +€29,406 | +17.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €165,500 | €195,500 | +€30,000 | +18.1% |
| Distributable reserves | 133 | €165,500 | €195,500 | +€30,000 | +18.1% |
| Profit (loss) carried forward | 14 | €838 | €244 | -€594 | -70.9% |
| Amounts payable | 17/49 | €48,356 | €92,140 | +€43,784 | +90.5% |
| Amounts payable after more than one year | 17 | €7,364 | €36,449 | +€29,085 | +395% |
| Financial debts | 170/4 | €7,364 | €36,449 | +€29,085 | +395% |
| Amounts payable within one year | 42/48 | €40,993 | €55,691 | +€14,699 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €14,479 | €17,067 | +€2,589 | +17.9% |
| Trade debts | 44 | €10,887 | €4,653 | -€6,234 | -57.3% |
| Suppliers | 440/4 | €10,887 | €4,653 | -€6,234 | -57.3% |
| Taxes, remuneration and social security | 45 | €10,028 | €27,273 | +€17,244 | +172% |
| Taxes | 450/3 | €7,304 | €23,303 | +€15,999 | +219% |
| Remuneration and social security | 454/9 | €2,724 | €3,970 | +€1,246 | +45.7% |
| Other amounts payable | 47/48 | €5,599 | €6,699 | +€1,100 | +19.6% |
| Remuneration, social security and pensions | 62 | €66,227 | €57,788 | -€8,439 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,489 | €35,242 | +€753 | +2.2% |
| Other operating charges | 640/8 | €1,247 | €1,365 | +€118 | +9.5% |
| Non-recurring operating charges | 66A | - | €11,000 | +€11,000 | |
| Gross operating margin | 9900 | €128,374 | €146,245 | +€17,871 | +13.9% |
| Operating profit (loss) | 9901 | €26,410 | €40,850 | +€14,440 | +54.7% |
| Financial income | 75/76B | €1,312 | €1,357 | +€45 | +3.5% |
| Recurring financial income | 75 | €1,312 | €1,357 | +€45 | +3.5% |
| Financial charges | 65/66B | €910 | €2,783 | +€1,872 | +206% |
| Recurring financial charges | 65 | €910 | €2,783 | +€1,872 | +206% |
| Profit (loss) for the period before taxes | 9903 | €26,811 | €39,424 | +€12,613 | +47.0% |
| Income taxes | 67/77 | €6,443 | €10,018 | +€3,575 | +55.5% |
| Profit (loss) for the period | 9904 | €20,368 | €29,406 | +€9,038 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,368 | €29,406 | +€9,038 | +44.4% |
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 29 October 2026 via checked.be.