NEW BRIGANTINE: 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.
NEW BRIGANTINE
Largest movements
- Tangible fixed assets -€24,529
down €24,529 (-1.6%), from €1.6m to €1.6m
- Other debts -€16,725
down €16,725 (-20.2%), from €82,780 to €66,055
- Gross operating margin +€1,270
up €1,270 (+5.9%), from €21,600 to €22,869
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 | €1,588,130 | €1,558,901 | -€29,229 | -1.8% |
| Fixed assets | 21/28 | €1,577,363 | €1,552,834 | -€24,529 | -1.6% |
| Tangible fixed assets | 22/27 | €1,577,363 | €1,552,834 | -€24,529 | -1.6% |
| Land and buildings | 22 | €1,577,363 | €1,552,834 | -€24,529 | -1.6% |
| Current assets | 29/58 | €10,767 | €6,067 | -€4,700 | -43.6% |
| Cash at bank and in hand | 54/58 | €9,833 | €5,125 | -€4,708 | -47.9% |
| Deferred charges and accrued income | 490/1 | €934 | €942 | +€8 | +0.9% |
| Total equity and liabilities | 10/49 | €1,588,130 | €1,558,901 | -€29,229 | -1.8% |
| Equity | 10/15 | €1,503,685 | €1,490,697 | -€12,988 | -0.9% |
| Contributions | 10/11 | €1,857,278 | €1,857,278 | = | 0.0% |
| Capital | 10 | €1,857,278 | €1,857,278 | = | 0.0% |
| Issued capital | 100 | €1,857,278 | €1,857,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€353,593 | -€366,581 | -€12,988 | -3.7% |
| Amounts payable | 17/49 | €84,445 | €68,204 | -€16,241 | -19.2% |
| Amounts payable within one year | 42/48 | €84,445 | €68,204 | -€16,241 | -19.2% |
| Trade debts | 44 | €1,666 | €2,150 | +€484 | +29.1% |
| Suppliers | 440/4 | €1,666 | €2,150 | +€484 | +29.1% |
| Other amounts payable | 47/48 | €82,780 | €66,055 | -€16,725 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,403 | €29,483 | +€80 | +0.3% |
| Other operating charges | 640/8 | €6,023 | €6,221 | +€199 | +3.3% |
| Gross operating margin | 9900 | €21,600 | €22,869 | +€1,270 | +5.9% |
| Operating profit (loss) | 9901 | -€13,826 | -€12,835 | +€991 | +7.2% |
| Financial charges | 65/66B | €153 | €153 | -€0 | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,979 | -€12,988 | +€991 | +7.1% |
| Profit (loss) for the period | 9904 | -€13,979 | -€12,988 | +€991 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,979 | -€12,988 | +€991 | +7.1% |
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 18 October 2026 via checked.be.