TEN 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.
TEN BRICKS
Largest movements
- Tangible fixed assets -€103,311
down €103,311 (-1.1%), from €9.1m to €9.0m
of which Land and buildings: -€102,239
- Other debts +€425,060
up €425,060 (+35071.0%), from €1,212 to €426,272
- Reserves -€284,032
down €284,032 (-26.2%), from €1.1m to €798,143
- Debts after one year -€255,636
down €255,636 (-3.7%), from €6.9m to €6.6m
of which Financial debts: -€249,350
- Tax, wage and social debts +€156,343
up €156,343 (+380.8%), from €41,058 to €197,401
- Gross operating margin +€318,308
up €318,308 (+55.5%), from €573,739 to €892,047
- Depreciation +€79,287
up €79,287 (+24.5%), from €324,024 to €403,311
- Taxes +€73,178
up €73,178 (+1297.9%), from €5,638 to €78,816
- Financial charges -€59,697
down €59,697 (-34.1%), from €174,984 to €115,287
- Financial income -€16,399
down €16,399 (-88.3%), from €18,563 to €2,164
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 | €9,995,571 | €10,006,322 | +€10,751 | +0.1% |
| Fixed assets | 21/28 | €9,080,367 | €8,977,056 | -€103,311 | -1.1% |
| Tangible fixed assets | 22/27 | €9,080,367 | €8,977,056 | -€103,311 | -1.1% |
| Land and buildings | 22 | €9,075,068 | €8,972,829 | -€102,239 | -1.1% |
| Plant, machinery and equipment | 23 | €5,299 | €4,227 | -€1,072 | -20.2% |
| Current assets | 29/58 | €915,204 | €1,029,266 | +€114,062 | +12.5% |
| Amounts receivable within one year | 40/41 | €241,118 | €288,184 | +€47,066 | +19.5% |
| Trade receivables | 40 | €232,066 | €279,176 | +€47,110 | +20.3% |
| Other amounts receivable | 41 | €9,052 | €9,008 | -€44 | -0.5% |
| Cash at bank and in hand | 54/58 | €674,086 | €741,082 | +€66,996 | +9.9% |
| Total equity and liabilities | 10/49 | €9,995,571 | €10,006,322 | +€10,751 | +0.1% |
| Equity | 10/15 | €2,515,775 | €2,231,743 | -€284,032 | -11.3% |
| Contributions | 10/11 | €1,433,600 | €1,433,600 | = | 0.0% |
| Outside capital | 11 | €1,433,600 | €1,433,600 | = | 0.0% |
| Share premium | 1100/10 | €1,433,600 | €1,433,600 | = | 0.0% |
| Reserves | 13 | €1,082,175 | €798,143 | -€284,032 | -26.2% |
| Distributable reserves | 133 | €1,082,175 | €798,143 | -€284,032 | -26.2% |
| Amounts payable | 17/49 | €7,479,796 | €7,774,579 | +€294,783 | +3.9% |
| Amounts payable after more than one year | 17 | €6,856,858 | €6,601,222 | -€255,636 | -3.7% |
| Financial debts | 170/4 | €6,630,998 | €6,381,648 | -€249,350 | -3.8% |
| Other amounts payable | 178/9 | €225,860 | €219,574 | -€6,286 | -2.8% |
| Amounts payable within one year | 42/48 | €622,938 | €1,173,357 | +€550,419 | +88.4% |
| Current portion of amounts payable after more than one year | 42 | €523,518 | €547,663 | +€24,145 | +4.6% |
| Trade debts | 44 | €57,150 | €2,021 | -€55,129 | -96.5% |
| Suppliers | 440/4 | €57,150 | €2,021 | -€55,129 | -96.5% |
| Taxes, remuneration and social security | 45 | €41,058 | €197,401 | +€156,343 | +380.8% |
| Taxes | 450/3 | €41,058 | €197,401 | +€156,343 | +380.8% |
| Other amounts payable | 47/48 | €1,212 | €426,272 | +€425,060 | +35071.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324,024 | €403,311 | +€79,287 | +24.5% |
| Other operating charges | 640/8 | €76,390 | €80,829 | +€4,439 | +5.8% |
| Gross operating margin | 9900 | €573,739 | €892,047 | +€318,308 | +55.5% |
| Operating profit (loss) | 9901 | €173,325 | €407,907 | +€234,582 | +135.3% |
| Financial income | 75/76B | €18,563 | €2,164 | -€16,399 | -88.3% |
| Recurring financial income | 75 | €18,563 | €2,164 | -€16,399 | -88.3% |
| Financial charges | 65/66B | €174,984 | €115,287 | -€59,697 | -34.1% |
| Recurring financial charges | 65 | €174,984 | €115,287 | -€59,697 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €16,904 | €294,784 | +€277,880 | +1643.9% |
| Income taxes | 67/77 | €5,638 | €78,816 | +€73,178 | +1297.9% |
| Profit (loss) for the period | 9904 | €11,266 | €215,968 | +€204,702 | +1817.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,266 | €215,968 | +€204,702 | +1817.0% |
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 30 September 2026 via checked.be.