THIERRY BROSSEL CONSTRUCT: 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.
THIERRY BROSSEL CONSTRUCT
Largest movements
- Tangible fixed assets -€719
down €719 (-45.2%), from €1,591 to €872
of which Furniture and vehicles: -€530
- Stocks and contracts -€709
down €709 (-19.3%), from €3,672 to €2,963
- Receivables within one year +€591
up €591 (+1.7%), from €35,732 to €36,324
of which Trade receivables: +€2,102
- Profit (loss) carried forward -€5,382
down €5,382 (-27.6%), from €19,465 to €14,084
- Short-term financial debts +€2,500
up €2,500 (+814.0%), from €307 to €2,807
- Tax, wage and social debts +€2,468
up €2,468 (+54.9%), from €4,495 to €6,963
of which Remuneration and social security: +€2,500
- Trade debts -€673
down €673 (-28.8%), from €2,335 to €1,663
- Gross operating margin -€9,271
down €9,271, from €5,863 to -€3,408
- Depreciation -€1,439
down €1,439 (-66.7%), from €2,158 to €719
- Taxes -€587
no longer reported in 2025 (was €587)
- Financial income -€183
down €183 (-98.4%), from €186 to €3
- Financial charges -€75
down €75 (-13.3%), from €561 to €487
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,312 | €40,499 | -€812 | -2.0% |
| Fixed assets | 21/28 | €1,591 | €872 | -€719 | -45.2% |
| Tangible fixed assets | 22/27 | €1,591 | €872 | -€719 | -45.2% |
| Plant, machinery and equipment | 23 | €338 | €150 | -€188 | -55.7% |
| Furniture and vehicles | 24 | €1,252 | €722 | -€530 | -42.3% |
| Current assets | 29/58 | €39,721 | €39,627 | -€93 | -0.2% |
| Stocks and contracts in progress | 3 | €3,672 | €2,963 | -€709 | -19.3% |
| Stocks | 30/36 | €3,672 | €2,963 | -€709 | -19.3% |
| Amounts receivable within one year | 40/41 | €35,732 | €36,324 | +€591 | +1.7% |
| Trade receivables | 40 | €24,812 | €26,914 | +€2,102 | +8.5% |
| Other amounts receivable | 41 | €10,920 | €9,410 | -€1,510 | -13.8% |
| Deferred charges and accrued income | 490/1 | €317 | €341 | +€24 | +7.6% |
| Total equity and liabilities | 10/49 | €41,312 | €40,499 | -€812 | -2.0% |
| Equity | 10/15 | €33,725 | €28,344 | -€5,382 | -16.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,465 | €14,084 | -€5,382 | -27.6% |
| Amounts payable | 17/49 | €7,586 | €12,156 | +€4,569 | +60.2% |
| Amounts payable within one year | 42/48 | €7,586 | €12,156 | +€4,569 | +60.2% |
| Financial debts | 43 | €307 | €2,807 | +€2,500 | +814.0% |
| Credit institutions | 430/8 | €307 | €2,807 | +€2,500 | +814.0% |
| Trade debts | 44 | €2,335 | €1,663 | -€673 | -28.8% |
| Suppliers | 440/4 | €2,335 | €1,663 | -€673 | -28.8% |
| Taxes, remuneration and social security | 45 | €4,495 | €6,963 | +€2,468 | +54.9% |
| Taxes | 450/3 | €1,995 | €1,963 | -€32 | -1.6% |
| Remuneration and social security | 454/9 | €2,500 | €5,000 | +€2,500 | +100.0% |
| Other amounts payable | 47/48 | €449 | €724 | +€275 | +61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,158 | €719 | -€1,439 | -66.7% |
| Other operating charges | 640/8 | €811 | €771 | -€40 | -4.9% |
| Gross operating margin | 9900 | €5,863 | -€3,408 | -€9,271 | |
| Operating profit (loss) | 9901 | €2,894 | -€4,898 | -€7,791 | |
| Financial income | 75/76B | €186 | €3 | -€183 | -98.4% |
| Recurring financial income | 75 | €186 | €3 | -€183 | -98.4% |
| Financial charges | 65/66B | €561 | €487 | -€75 | -13.3% |
| Recurring financial charges | 65 | €561 | €487 | -€75 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €2,518 | -€5,382 | -€7,900 | |
| Income taxes | 67/77 | €587 | - | -€587 | |
| Profit (loss) for the period | 9904 | €1,931 | -€5,382 | -€7,312 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,931 | -€5,382 | -€7,312 |
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 8 October 2026 via checked.be.