WORKING IN BRUSSELS: what changed
Two financial 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.
WORKING IN BRUSSELS
Largest movements
- Receivables within one year -€54,638
down €54,638 (-21.6%), from €252,687 to €198,049
of which Trade receivables: -€36,388
- Cash -€46,181
down €46,181 (-76.8%), from €60,163 to €13,982
mainly Net result for the year (-€119,698) and Trade debts (-€30,551)
- Receivables after one year +€5,987
new in 2025: €5,987
- Profit (loss) carried forward -€119,698
down €119,698 (-25.6%), from -€467,501 to -€587,199
- Debts after one year +€48,864
up €48,864 (+16.3%), from €298,884 to €347,747
- Trade debts -€30,551
down €30,551 (-83.5%), from €36,597 to €6,046
- Tax, wage and social debts +€3,903
up €3,903 (+125%), from €3,113 to €7,016
of which Remuneration and social security: +€2,200
- Gross operating margin +€88,103
up €88,103, from -€29,669 to €58,434
- Staff costs -€29,560
down €29,560 (-15.4%), from €192,280 to €162,719
- Financial income -€10,278
down €10,278 (-97.3%), from €10,566 to €288
- Financial charges -€5,029
down €5,029 (-24.8%), from €20,257 to €15,227
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.
Derived cash bridge
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 | €359,035 | €265,138 | -€93,896 | -26.2% |
| Fixed assets | 21/28 | €45,000 | €45,000 | = | 0.0% |
| Financial fixed assets | 28 | €45,000 | €45,000 | = | 0.0% |
| Current assets | 29/58 | €314,035 | €220,138 | -€93,896 | -29.9% |
| Amounts receivable after more than one year | 29 | - | €5,987 | +€5,987 | |
| Other amounts receivable | 291 | - | €5,987 | +€5,987 | |
| Amounts receivable within one year | 40/41 | €252,687 | €198,049 | -€54,638 | -21.6% |
| Trade receivables | 40 | €64,562 | €28,175 | -€36,388 | -56.4% |
| Other amounts receivable | 41 | €188,124 | €169,874 | -€18,250 | -9.7% |
| Cash at bank and in hand | 54/58 | €60,163 | €13,982 | -€46,181 | -76.8% |
| Deferred charges and accrued income | 490/1 | €1,186 | €2,121 | +€936 | +78.9% |
| Total equity and liabilities | 10/49 | €359,035 | €265,138 | -€93,896 | -26.2% |
| Equity | 10/15 | -€37,501 | -€157,199 | -€119,698 | -319% |
| Contributions | 10/11 | €430,000 | €430,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€467,501 | -€587,199 | -€119,698 | -25.6% |
| Amounts payable | 17/49 | €396,536 | €422,338 | +€25,802 | +6.5% |
| Amounts payable after more than one year | 17 | €298,884 | €347,747 | +€48,864 | +16.3% |
| Financial debts | 170/4 | €298,884 | €347,747 | +€48,864 | +16.3% |
| Amounts payable within one year | 42/48 | €97,652 | €74,222 | -€23,431 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €56,116 | €58,109 | +€1,993 | +3.6% |
| Trade debts | 44 | €36,597 | €6,046 | -€30,551 | -83.5% |
| Suppliers | 440/4 | €36,597 | €6,046 | -€30,551 | -83.5% |
| Taxes, remuneration and social security | 45 | €3,113 | €7,016 | +€3,903 | +125% |
| Taxes | 450/3 | €3,113 | €4,815 | +€1,703 | +54.7% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €1,826 | €3,050 | +€1,224 | +67.1% |
| Accrued charges and deferred income | 492/3 | - | €369 | +€369 | |
| Remuneration, social security and pensions | 62 | €192,280 | €162,719 | -€29,560 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | - | -€347 | |
| Other operating charges | 640/8 | €401 | €387 | -€13 | -3.3% |
| Gross operating margin | 9900 | -€29,669 | €58,434 | +€88,103 | |
| Operating profit (loss) | 9901 | -€222,696 | -€104,673 | +€118,023 | +53.0% |
| Financial income | 75/76B | €10,566 | €288 | -€10,278 | -97.3% |
| Recurring financial income | 75 | €10,566 | €288 | -€10,278 | -97.3% |
| Financial charges | 65/66B | €20,257 | €15,227 | -€5,029 | -24.8% |
| Recurring financial charges | 65 | €20,257 | €15,227 | -€5,029 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€232,386 | -€119,612 | +€112,775 | +48.5% |
| Income taxes | 67/77 | €502 | €86 | -€416 | -82.8% |
| Profit (loss) for the period | 9904 | -€232,888 | -€119,698 | +€113,190 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€232,888 | -€119,698 | +€113,190 | +48.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.