SHARP BRAIN: 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.
SHARP BRAIN
Largest movements
- Cash -€155,249
down €155,249 (-93.2%), from €166,522 to €11,273
mainly Net result for the year (-€69,676) and Receivables within one year (-€45,304)
- Receivables within one year +€45,304
up €45,304 (+36.4%), from €124,332 to €169,636
of which Trade receivables: +€45,650
- Profit (loss) carried forward -€69,676
new in 2025: -€69,676
- Debts after one year -€40,000
no longer reported in 2025 (was €40,000)
- Gross operating margin -€232,917
down €232,917 (-62.7%), from €371,479 to €138,561
- Taxes -€45,337
no longer reported in 2025 (was €45,337)
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 | €291,622 | €181,677 | -€109,945 | -37.7% |
| Current assets | 29/58 | €291,622 | €181,677 | -€109,945 | -37.7% |
| Amounts receivable within one year | 40/41 | €124,332 | €169,636 | +€45,304 | +36.4% |
| Trade receivables | 40 | €123,750 | €169,400 | +€45,650 | +36.9% |
| Other amounts receivable | 41 | €582 | €236 | -€346 | -59.4% |
| Cash at bank and in hand | 54/58 | €166,522 | €11,273 | -€155,249 | -93.2% |
| Deferred charges and accrued income | 490/1 | €768 | €768 | = | 0.0% |
| Total equity and liabilities | 10/49 | €291,622 | €181,677 | -€109,945 | -37.7% |
| Equity | 10/15 | €209,729 | €140,053 | -€69,676 | -33.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €109,729 | €109,729 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €99,729 | €99,729 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€69,676 | -€69,676 | |
| Amounts payable | 17/49 | €81,893 | €41,624 | -€40,269 | -49.2% |
| Amounts payable after more than one year | 17 | €40,000 | - | -€40,000 | |
| Other amounts payable | 178/9 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €41,288 | €41,624 | +€336 | +0.8% |
| Trade debts | 44 | €666 | €1,770 | +€1,105 | +165.9% |
| Suppliers | 440/4 | €666 | €1,770 | +€1,105 | +165.9% |
| Taxes, remuneration and social security | 45 | €39,140 | €38,379 | -€761 | -1.9% |
| Taxes | 450/3 | €10,002 | €10,254 | +€253 | +2.5% |
| Remuneration and social security | 454/9 | €29,138 | €28,124 | -€1,014 | -3.5% |
| Other amounts payable | 47/48 | €1,482 | €1,475 | -€7 | -0.5% |
| Accrued charges and deferred income | 492/3 | €605 | - | -€605 | |
| Remuneration, social security and pensions | 62 | €209,369 | €207,432 | -€1,937 | -0.9% |
| Other operating charges | 640/8 | €635 | €574 | -€62 | -9.7% |
| Gross operating margin | 9900 | €371,479 | €138,561 | -€232,917 | -62.7% |
| Operating profit (loss) | 9901 | €161,475 | -€69,444 | -€230,919 | |
| Financial charges | 65/66B | €693 | €232 | -€461 | -66.5% |
| Recurring financial charges | 65 | €693 | €232 | -€461 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €160,782 | -€69,676 | -€230,458 | |
| Income taxes | 67/77 | €45,337 | - | -€45,337 | |
| Profit (loss) for the period | 9904 | €115,445 | -€69,676 | -€185,121 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,445 | -€69,676 | -€185,121 |
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.