Br3nd3n: 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.
Br3nd3n
Largest movements
- Cash +€81,122
up €81,122 (+89.1%), from €91,036 to €172,157
mainly Net result for the year (+€80,631) and Depreciation (+€2,000)
- Reserves +€80,631
up €80,631 (+98.0%), from €82,286 to €162,917
- Gross operating margin +€16,398
up €16,398 (+18.7%), from €87,621 to €104,019
- Taxes +€3,219
up €3,219 (+18.5%), from €17,377 to €20,597
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 | €110,333 | €191,550 | +€81,217 | +73.6% |
| Fixed assets | 21/28 | €5,125 | €4,438 | -€686 | -13.4% |
| Tangible fixed assets | 22/27 | €5,125 | €4,438 | -€686 | -13.4% |
| Plant, machinery and equipment | 23 | €4,281 | €3,825 | -€455 | -10.6% |
| Furniture and vehicles | 24 | €844 | €613 | -€231 | -27.3% |
| Current assets | 29/58 | €105,208 | €187,112 | +€81,903 | +77.8% |
| Amounts receivable within one year | 40/41 | €13,357 | €14,064 | +€707 | +5.3% |
| Trade receivables | 40 | €13,340 | €13,643 | +€303 | +2.3% |
| Other amounts receivable | 41 | €17 | €421 | +€404 | +2378.8% |
| Cash at bank and in hand | 54/58 | €91,036 | €172,157 | +€81,122 | +89.1% |
| Deferred charges and accrued income | 490/1 | €816 | €891 | +€75 | +9.2% |
| Total equity and liabilities | 10/49 | €110,333 | €191,550 | +€81,217 | +73.6% |
| Equity | 10/15 | €85,286 | €165,917 | +€80,631 | +94.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €82,286 | €162,917 | +€80,631 | +98.0% |
| Distributable reserves | 133 | €82,286 | €162,917 | +€80,631 | +98.0% |
| Amounts payable | 17/49 | €25,047 | €25,633 | +€586 | +2.3% |
| Amounts payable within one year | 42/48 | €24,552 | €25,633 | +€1,081 | +4.4% |
| Trade debts | 44 | €569 | €1,787 | +€1,218 | +214.2% |
| Suppliers | 440/4 | €569 | €1,787 | +€1,218 | +214.2% |
| Taxes, remuneration and social security | 45 | €23,983 | €23,846 | -€137 | -0.6% |
| Taxes | 450/3 | €23,983 | €23,846 | -€137 | -0.6% |
| Accrued charges and deferred income | 492/3 | €495 | €0 | -€495 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,752 | €2,000 | +€247 | +14.1% |
| Other operating charges | 640/8 | - | €172 | +€172 | |
| Non-recurring operating charges | 66A | - | €619 | +€619 | |
| Gross operating margin | 9900 | €87,621 | €104,019 | +€16,398 | +18.7% |
| Operating profit (loss) | 9901 | €85,869 | €101,228 | +€15,359 | +17.9% |
| Financial income | 75/76B | €13 | €56 | +€43 | +347.6% |
| Recurring financial income | 75 | €13 | €56 | +€43 | +347.6% |
| Financial charges | 65/66B | €59 | €55 | -€3 | -5.3% |
| Recurring financial charges | 65 | €59 | €55 | -€3 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €85,823 | €101,228 | +€15,406 | +18.0% |
| Income taxes | 67/77 | €17,377 | €20,597 | +€3,219 | +18.5% |
| Profit (loss) for the period | 9904 | €68,445 | €80,631 | +€12,186 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,445 | €80,631 | +€12,186 | +17.8% |
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 1 October 2026 via checked.be.