ABOUT BRANDS: 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.
ABOUT BRANDS
Largest movements
- Cash +€21,706
up €21,706 (+39.6%), from €54,749 to €76,454
mainly Net result for the year (+€70,571) and Depreciation (+€10,299)
- Receivables within one year +€13,896
up €13,896 (+5.6%), from €249,038 to €262,934
of which Other amounts receivable: +€26,609
- Reserves +€70,571
up €70,571 (+51.6%), from €136,742 to €207,312
- Other debts -€24,609
no longer reported in 2024 (was €24,609)
- Trade debts -€10,193
down €10,193 (-20.1%), from €50,824 to €40,631
- Debts after one year -€5,647
down €5,647 (-42.5%), from €13,287 to €7,641
- Staff costs +€30,453
up €30,453 (+54.5%), from €55,829 to €86,282
- Gross operating margin +€6,404
up €6,404 (+3.5%), from €185,088 to €191,492
- Taxes -€5,610
down €5,610 (-20.3%), from €27,703 to €22,093
- Depreciation +€2,153
up €2,153 (+26.4%), from €8,146 to €10,299
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €326,630 | €358,773 | +€32,143 | +9.8% |
| Fixed assets | 21/28 | €19,204 | €15,018 | -€4,185 | -21.8% |
| Intangible fixed assets | 21 | €3,451 | €2,563 | -€888 | -25.7% |
| Tangible fixed assets | 22/27 | €15,216 | €11,918 | -€3,297 | -21.7% |
| Plant, machinery and equipment | 23 | €11,928 | €4,157 | -€7,770 | -65.1% |
| Furniture and vehicles | 24 | €3,288 | €7,761 | +€4,473 | +136.0% |
| Financial fixed assets | 28 | €537 | €537 | = | 0.0% |
| Current assets | 29/58 | €307,426 | €343,755 | +€36,328 | +11.8% |
| Amounts receivable within one year | 40/41 | €249,038 | €262,934 | +€13,896 | +5.6% |
| Trade receivables | 40 | €249,035 | €236,323 | -€12,713 | -5.1% |
| Other amounts receivable | 41 | €3 | €26,611 | +€26,609 | +1011743.0% |
| Cash at bank and in hand | 54/58 | €54,749 | €76,454 | +€21,706 | +39.6% |
| Deferred charges and accrued income | 490/1 | €3,639 | €4,366 | +€726 | +20.0% |
| Total equity and liabilities | 10/49 | €326,630 | €358,773 | +€32,143 | +9.8% |
| Equity | 10/15 | €138,742 | €209,312 | +€70,571 | +50.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €136,742 | €207,312 | +€70,571 | +51.6% |
| Distributable reserves | 133 | €136,742 | €207,312 | +€70,571 | +51.6% |
| Amounts payable | 17/49 | €187,888 | €149,461 | -€38,428 | -20.5% |
| Amounts payable after more than one year | 17 | €13,287 | €7,641 | -€5,647 | -42.5% |
| Financial debts | 170/4 | €13,287 | €7,641 | -€5,647 | -42.5% |
| Amounts payable within one year | 42/48 | €170,038 | €138,806 | -€31,231 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €5,576 | €5,647 | +€71 | +1.3% |
| Trade debts | 44 | €50,824 | €40,631 | -€10,193 | -20.1% |
| Suppliers | 440/4 | €50,824 | €40,631 | -€10,193 | -20.1% |
| Taxes, remuneration and social security | 45 | €89,029 | €92,529 | +€3,500 | +3.9% |
| Taxes | 450/3 | €74,520 | €80,694 | +€6,174 | +8.3% |
| Remuneration and social security | 454/9 | €14,509 | €11,835 | -€2,674 | -18.4% |
| Other amounts payable | 47/48 | €24,609 | - | -€24,609 | |
| Accrued charges and deferred income | 492/3 | €4,563 | €3,013 | -€1,550 | -34.0% |
| Remuneration, social security and pensions | 62 | €55,829 | €86,282 | +€30,453 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,146 | €10,299 | +€2,153 | +26.4% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €185,088 | €191,492 | +€6,404 | +3.5% |
| Operating profit (loss) | 9901 | €120,998 | €94,785 | -€26,214 | -21.7% |
| Financial income | 75/76B | €0 | €35 | +€35 | +7591.3% |
| Recurring financial income | 75 | €0 | €35 | +€35 | +7591.3% |
| Financial charges | 65/66B | €4,000 | €2,156 | -€1,843 | -46.1% |
| Recurring financial charges | 65 | €4,000 | €2,156 | -€1,843 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €116,999 | €92,664 | -€24,335 | -20.8% |
| Income taxes | 67/77 | €27,703 | €22,093 | -€5,610 | -20.3% |
| Profit (loss) for the period | 9904 | €89,296 | €70,571 | -€18,725 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,296 | €70,571 | -€18,725 | -21.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.