2 BROTHERS: 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.
2 BROTHERS
Largest movements
- Receivables within one year +€28,275
up €28,275 (+9.1%), from €309,198 to €337,472
of which Other amounts receivable: +€35,615
- Tangible fixed assets +€27,826
up €27,826 (+312%), from €8,932 to €36,758
of which Leasing and similar rights: +€35,954
- Cash -€22,099
down €22,099 (-88.7%), from €24,924 to €2,824
mainly Investment in fixed assets (net) (-€30,426) and Receivables within one year (-€28,275)
- Reserves +€17,939
up €17,939 (+9.3%), from €192,657 to €210,596
- Trade debts +€11,301
up €11,301 (+182%), from €6,215 to €17,515
- Debts after one year +€10,849
up €10,849 (+128%), from €8,463 to €19,312
- Taxes -€30,977
down €30,977 (-75.0%), from €41,319 to €10,342
- Depreciation -€5,514
down €5,514 (-68.0%), from €8,114 to €2,600
- Staff costs +€3,399
up €3,399 (+50.3%), from €6,752 to €10,151
- Gross operating margin +€3,328
up €3,328 (+8.5%), from €39,113 to €42,441
- Financial income +€2,667
up €2,667 (+16.9%), from €15,757 to €18,424
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 | €361,456 | €398,768 | +€37,312 | +10.3% |
| Fixed assets | 21/28 | €8,932 | €36,758 | +€27,826 | +312% |
| Tangible fixed assets | 22/27 | €8,932 | €36,758 | +€27,826 | +312% |
| Furniture and vehicles | 24 | €8,932 | €804 | -€8,127 | -91.0% |
| Leasing and similar rights | 25 | - | €35,954 | +€35,954 | |
| Current assets | 29/58 | €352,524 | €362,010 | +€9,486 | +2.7% |
| Stocks and contracts in progress | 3 | €646 | €1,290 | +€643 | +99.5% |
| Stocks | 30/36 | €646 | €1,290 | +€643 | +99.5% |
| Amounts receivable within one year | 40/41 | €309,198 | €337,472 | +€28,275 | +9.1% |
| Trade receivables | 40 | €7,341 | €0 | -€7,341 | -100% |
| Other amounts receivable | 41 | €301,857 | €337,472 | +€35,615 | +11.8% |
| Cash at bank and in hand | 54/58 | €24,924 | €2,824 | -€22,099 | -88.7% |
| Deferred charges and accrued income | 490/1 | €17,757 | €20,424 | +€2,667 | +15.0% |
| Total equity and liabilities | 10/49 | €361,456 | €398,768 | +€37,312 | +10.3% |
| Equity | 10/15 | €294,657 | €312,596 | +€17,939 | +6.1% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Reserves | 13 | €192,657 | €210,596 | +€17,939 | +9.3% |
| Distributable reserves | 133 | €192,657 | €210,596 | +€17,939 | +9.3% |
| Amounts payable | 17/49 | €66,799 | €86,172 | +€19,373 | +29.0% |
| Amounts payable after more than one year | 17 | €8,463 | €19,312 | +€10,849 | +128% |
| Financial debts | 170/4 | €8,463 | €19,312 | +€10,849 | +128% |
| Amounts payable within one year | 42/48 | €58,336 | €66,860 | +€8,524 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €4,255 | €4,475 | +€221 | +5.2% |
| Financial debts | 43 | €3,804 | €3,420 | -€384 | -10.1% |
| Credit institutions | 430/8 | €3,804 | €3,420 | -€384 | -10.1% |
| Trade debts | 44 | €6,215 | €17,515 | +€11,301 | +182% |
| Suppliers | 440/4 | €6,215 | €17,515 | +€11,301 | +182% |
| Taxes, remuneration and social security | 45 | €44,062 | €41,449 | -€2,613 | -5.9% |
| Taxes | 450/3 | €43,978 | €41,384 | -€2,595 | -5.9% |
| Remuneration and social security | 454/9 | €84 | €66 | -€18 | -21.7% |
| Non-recurring operating income | 76A | €794 | €0 | -€794 | -100% |
| Remuneration, social security and pensions | 62 | €6,752 | €10,151 | +€3,399 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,114 | €2,600 | -€5,514 | -68.0% |
| Other operating charges | 640/8 | €2,254 | €3,085 | +€832 | +36.9% |
| Non-recurring operating charges | 66A | €3,046 | €15,231 | +€12,184 | +400% |
| Gross operating margin | 9900 | €39,113 | €42,441 | +€3,328 | +8.5% |
| Operating profit (loss) | 9901 | €18,948 | €11,375 | -€7,573 | -40.0% |
| Financial income | 75/76B | €15,757 | €18,424 | +€2,667 | +16.9% |
| Recurring financial income | 75 | €15,757 | €18,424 | +€2,667 | +16.9% |
| Financial charges | 65/66B | €929 | €1,518 | +€589 | +63.4% |
| Recurring financial charges | 65 | €929 | €1,518 | +€589 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €33,776 | €28,281 | -€5,495 | -16.3% |
| Income taxes | 67/77 | €41,319 | €10,342 | -€30,977 | -75.0% |
| Profit (loss) for the period | 9904 | -€7,543 | €17,939 | +€25,482 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,543 | €17,939 | +€25,482 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.