The Brigade: 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.
The Brigade
Largest movements
- Tangible fixed assets -€8,560
down €8,560 (-31.2%), from €27,415 to €18,855
of which Furniture and vehicles: -€8,273
- Cash -€7,856
down €7,856 (-20.3%), from €38,715 to €30,859
mainly Tax, wage and social debts (-€6,611) and Net result for the year (-€6,214)
- Receivables within one year +€3,248
up €3,248 (+6.4%), from €50,611 to €53,859
of which Trade receivables: +€7,008
- Tax, wage and social debts -€6,611
down €6,611 (-57.3%), from €11,541 to €4,930
- Reserves -€6,214
down €6,214 (-6.2%), from €100,900 to €94,686
- Gross operating margin -€44,929
down €44,929 (-96.6%), from €46,521 to €1,592
- Taxes -€7,285
down €7,285 (-95.9%), from €7,596 to €311
- Financial income +€3,984
new in 2025: €3,984
- Other operating charges -€2,532
down €2,532 (-67.1%), from €3,773 to €1,241
- Financial charges -€2,026
down €2,026 (-54.7%), from €3,705 to €1,679
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 | €117,283 | €104,116 | -€13,167 | -11.2% |
| Fixed assets | 21/28 | €27,957 | €19,397 | -€8,560 | -30.6% |
| Tangible fixed assets | 22/27 | €27,415 | €18,855 | -€8,560 | -31.2% |
| Plant, machinery and equipment | 23 | €2,376 | €2,090 | -€286 | -12.1% |
| Furniture and vehicles | 24 | €25,039 | €16,766 | -€8,273 | -33.0% |
| Financial fixed assets | 28 | €542 | €542 | = | 0.0% |
| Current assets | 29/58 | €89,326 | €84,718 | -€4,608 | -5.2% |
| Amounts receivable within one year | 40/41 | €50,611 | €53,859 | +€3,248 | +6.4% |
| Trade receivables | 40 | €19,282 | €26,290 | +€7,008 | +36.3% |
| Other amounts receivable | 41 | €31,329 | €27,569 | -€3,760 | -12.0% |
| Cash at bank and in hand | 54/58 | €38,715 | €30,859 | -€7,856 | -20.3% |
| Total equity and liabilities | 10/49 | €117,283 | €104,116 | -€13,167 | -11.2% |
| Equity | 10/15 | €105,400 | €99,186 | -€6,214 | -5.9% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €100,900 | €94,686 | -€6,214 | -6.2% |
| Distributable reserves | 133 | €100,900 | €94,686 | -€6,214 | -6.2% |
| Amounts payable | 17/49 | €11,883 | €4,930 | -€6,953 | -58.5% |
| Amounts payable within one year | 42/48 | €11,883 | €4,930 | -€6,953 | -58.5% |
| Taxes, remuneration and social security | 45 | €11,541 | €4,930 | -€6,611 | -57.3% |
| Taxes | 450/3 | €11,541 | €4,930 | -€6,611 | -57.3% |
| Other amounts payable | 47/48 | €342 | - | -€342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,315 | €8,560 | +€245 | +2.9% |
| Other operating charges | 640/8 | €3,773 | €1,241 | -€2,532 | -67.1% |
| Gross operating margin | 9900 | €46,521 | €1,592 | -€44,929 | -96.6% |
| Operating profit (loss) | 9901 | €34,433 | -€8,209 | -€42,642 | |
| Financial income | 75/76B | - | €3,984 | +€3,984 | |
| Recurring financial income | 75 | - | €3,984 | +€3,984 | |
| Financial charges | 65/66B | €3,705 | €1,679 | -€2,026 | -54.7% |
| Recurring financial charges | 65 | €3,705 | €1,679 | -€2,026 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €30,728 | -€5,904 | -€36,632 | |
| Income taxes | 67/77 | €7,596 | €311 | -€7,285 | -95.9% |
| Profit (loss) for the period | 9904 | €23,132 | -€6,214 | -€29,346 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,132 | -€6,214 | -€29,346 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.