S. BRIJS: 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.
S. BRIJS
Largest movements
- Current investments +€967,072
up €967,072 (+73.7%), from €1.3m to €2.3m
- Cash -€514,349
down €514,349 (-48.7%), from €1.1m to €541,606
mainly Current investments (-€967,072) and Contributions, distributions and other (-€318,863)
- Receivables within one year -€86,569
down €86,569 (-76.6%), from €113,007 to €26,439
of which Other amounts receivable: -€81,975
- Receivables after one year -€73,000
down €73,000 (-13.2%), from €555,000 to €482,000
- Reserves +€217,023
up €217,023 (+6.7%), from €3.2m to €3.4m
of which Distributable reserves: +€680,123
- Other debts +€123,462
up €123,462, from €0 to €123,462
- Provisions -€47,000
down €47,000 (-100.0%), from €47,000 to €0
- Financial income -€673,316
down €673,316 (-83.2%), from €808,791 to €135,475
- Gross operating margin +€101,115
up €101,115 (+15.6%), from €646,336 to €747,451
- Provisions -€41,548
down €41,548 (-762.1%), from -€5,452 to -€47,000
- Taxes +€39,249
up €39,249 (+14.9%), from €263,067 to €302,316
- Financial charges -€7,568
down €7,568 (-15.2%), from €49,692 to €42,123
of which Non-recurring financial charges: -€18,000
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 | €3,505,777 | €3,771,885 | +€266,108 | +7.6% |
| Fixed assets | 21/28 | €466,067 | €432,193 | -€33,874 | -7.3% |
| Tangible fixed assets | 22/27 | €416,067 | €382,193 | -€33,874 | -8.1% |
| Land and buildings | 22 | €333,980 | €310,103 | -€23,877 | -7.1% |
| Furniture and vehicles | 24 | €4,286 | €3,264 | -€1,023 | -23.9% |
| Other tangible fixed assets | 26 | €77,801 | €68,826 | -€8,975 | -11.5% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €3,039,710 | €3,339,693 | +€299,983 | +9.9% |
| Amounts receivable after more than one year | 29 | €555,000 | €482,000 | -€73,000 | -13.2% |
| Other amounts receivable | 291 | €555,000 | €482,000 | -€73,000 | -13.2% |
| Amounts receivable within one year | 40/41 | €113,007 | €26,439 | -€86,569 | -76.6% |
| Trade receivables | 40 | €11,433 | €6,839 | -€4,594 | -40.2% |
| Other amounts receivable | 41 | €101,574 | €19,599 | -€81,975 | -80.7% |
| Current investments | 50/53 | €1,312,330 | €2,279,402 | +€967,072 | +73.7% |
| Cash at bank and in hand | 54/58 | €1,055,954 | €541,606 | -€514,349 | -48.7% |
| Deferred charges and accrued income | 490/1 | €3,418 | €10,246 | +€6,828 | +199.7% |
| Total equity and liabilities | 10/49 | €3,505,777 | €3,771,885 | +€266,108 | +7.6% |
| Equity | 10/15 | €3,233,942 | €3,450,965 | +€217,023 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,215,342 | €3,432,365 | +€217,023 | +6.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €778,850 | €315,750 | -€463,100 | -59.5% |
| Distributable reserves | 133 | €2,436,492 | €3,116,615 | +€680,123 | +27.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €47,000 | €0 | -€47,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €47,000 | €0 | -€47,000 | -100.0% |
| Other liabilities and charges | 164/5 | €47,000 | €0 | -€47,000 | -100.0% |
| Amounts payable | 17/49 | €224,835 | €320,920 | +€96,086 | +42.7% |
| Amounts payable after more than one year | 17 | €164,279 | €137,527 | -€26,753 | -16.3% |
| Financial debts | 170/4 | €164,279 | €137,527 | -€26,753 | -16.3% |
| Amounts payable within one year | 42/48 | €60,555 | €183,394 | +€122,838 | +202.9% |
| Current portion of amounts payable after more than one year | 42 | €26,397 | €26,753 | +€356 | +1.3% |
| Trade debts | 44 | €1,068 | €1,061 | -€7 | -0.7% |
| Suppliers | 440/4 | €1,068 | €1,061 | -€7 | -0.7% |
| Taxes, remuneration and social security | 45 | €33,091 | €32,118 | -€973 | -2.9% |
| Taxes | 450/3 | €33,091 | €32,118 | -€973 | -2.9% |
| Other amounts payable | 47/48 | €0 | €123,462 | +€123,462 | |
| Non-recurring operating income | 76A | €4,600 | €0 | -€4,600 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,648 | €35,170 | -€479 | -1.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,452 | -€47,000 | -€41,548 | -762.1% |
| Other operating charges | 640/8 | €17,040 | €14,433 | -€2,607 | -15.3% |
| Gross operating margin | 9900 | €646,336 | €747,451 | +€101,115 | +15.6% |
| Operating profit (loss) | 9901 | €599,100 | €744,849 | +€145,749 | +24.3% |
| Financial income | 75/76B | €808,791 | €135,475 | -€673,316 | -83.2% |
| Recurring financial income | 75 | €808,791 | €135,475 | -€673,316 | -83.2% |
| Financial charges | 65/66B | €49,692 | €42,123 | -€7,568 | -15.2% |
| Recurring financial charges | 65 | €31,692 | €42,123 | +€10,432 | +32.9% |
| Non-recurring financial charges | 66B | €18,000 | €0 | -€18,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €1,358,200 | €838,201 | -€519,999 | -38.3% |
| Income taxes | 67/77 | €263,067 | €302,316 | +€39,249 | +14.9% |
| Profit (loss) for the period | 9904 | €1,095,133 | €535,885 | -€559,247 | -51.1% |
| Transfer from tax-exempt reserves | 789 | €0 | €463,100 | +€463,100 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,095,133 | €998,985 | -€96,147 | -8.8% |
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 6 October 2026 via checked.be.