BRABANDERS & PARTNERS: 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.
BRABANDERS & PARTNERS
Largest movements
- Cash +€83,629
up €83,629 (+19.5%), from €428,984 to €512,613
mainly Net result for the year (+€46,202) and Current portion of long-term debt (+€24,992)
- Stocks and contracts +€7,976
up €7,976 (+23.7%), from €33,666 to €41,642
- Reserves +€46,202
up €46,202 (+13.0%), from €354,244 to €400,446
- Current portion of long-term debt +€24,992
up €24,992 (+130.1%), from €19,207 to €44,199
- Tax, wage and social debts +€20,542
up €20,542 (+17.5%), from €117,267 to €137,809
of which Remuneration and social security: +€12,818
- Staff costs +€103,159
up €103,159 (+14.7%), from €701,550 to €804,710
- Gross operating margin +€32,395
up €32,395 (+3.7%), from €875,277 to €907,672
- Taxes -€17,475
down €17,475 (-42.9%), from €40,690 to €23,214
- Depreciation -€10,539
down €10,539 (-34.9%), from €30,190 to €19,652
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 | €641,979 | €731,316 | +€89,337 | +13.9% |
| Fixed assets | 21/28 | €72,230 | €72,590 | +€360 | +0.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €70,280 | €70,640 | +€360 | +0.5% |
| Plant, machinery and equipment | 23 | €21,075 | €30,609 | +€9,535 | +45.2% |
| Furniture and vehicles | 24 | €4,167 | €2,553 | -€1,614 | -38.7% |
| Other tangible fixed assets | 26 | €45,038 | €37,478 | -€7,561 | -16.8% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €569,749 | €658,726 | +€88,977 | +15.6% |
| Stocks and contracts in progress | 3 | €33,666 | €41,642 | +€7,976 | +23.7% |
| Stocks | 30/36 | €33,666 | €41,642 | +€7,976 | +23.7% |
| Amounts receivable within one year | 40/41 | €90,835 | €92,637 | +€1,802 | +2.0% |
| Trade receivables | 40 | €55,968 | €53,508 | -€2,460 | -4.4% |
| Other amounts receivable | 41 | €34,867 | €39,129 | +€4,261 | +12.2% |
| Cash at bank and in hand | 54/58 | €428,984 | €512,613 | +€83,629 | +19.5% |
| Deferred charges and accrued income | 490/1 | €16,263 | €11,834 | -€4,429 | -27.2% |
| Total equity and liabilities | 10/49 | €641,979 | €731,316 | +€89,337 | +13.9% |
| Equity | 10/15 | €400,244 | €446,446 | +€46,202 | +11.5% |
| Contributions | 10/11 | €46,000 | €46,000 | = | 0.0% |
| Reserves | 13 | €354,244 | €400,446 | +€46,202 | +13.0% |
| Distributable reserves | 133 | €354,244 | €400,446 | +€46,202 | +13.0% |
| Amounts payable | 17/49 | €241,735 | €284,870 | +€43,135 | +17.8% |
| Amounts payable after more than one year | 17 | €14,865 | €21,432 | +€6,567 | +44.2% |
| Financial debts | 170/4 | €14,865 | €21,432 | +€6,567 | +44.2% |
| Amounts payable within one year | 42/48 | €226,652 | €263,214 | +€36,562 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €19,207 | €44,199 | +€24,992 | +130.1% |
| Trade debts | 44 | €86,495 | €81,206 | -€5,289 | -6.1% |
| Suppliers | 440/4 | €86,495 | €81,206 | -€5,289 | -6.1% |
| Taxes, remuneration and social security | 45 | €117,267 | €137,809 | +€20,542 | +17.5% |
| Taxes | 450/3 | €14,404 | €22,128 | +€7,724 | +53.6% |
| Remuneration and social security | 454/9 | €102,863 | €115,681 | +€12,818 | +12.5% |
| Other amounts payable | 47/48 | €3,683 | €0 | -€3,683 | -100.0% |
| Accrued charges and deferred income | 492/3 | €219 | €225 | +€6 | +2.7% |
| Remuneration, social security and pensions | 62 | €701,550 | €804,710 | +€103,159 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,190 | €19,652 | -€10,539 | -34.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,634 | +€1,634 | |
| Other operating charges | 640/8 | €12,875 | €8,403 | -€4,471 | -34.7% |
| Gross operating margin | 9900 | €875,277 | €907,672 | +€32,395 | +3.7% |
| Operating profit (loss) | 9901 | €130,662 | €73,273 | -€57,388 | -43.9% |
| Financial income | 75/76B | €72 | €989 | +€917 | +1280.7% |
| Recurring financial income | 75 | €72 | €989 | +€917 | +1280.7% |
| Financial charges | 65/66B | €3,736 | €4,846 | +€1,110 | +29.7% |
| Recurring financial charges | 65 | €3,736 | €4,846 | +€1,110 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €126,997 | €69,416 | -€57,581 | -45.3% |
| Income taxes | 67/77 | €40,690 | €23,214 | -€17,475 | -42.9% |
| Profit (loss) for the period | 9904 | €86,307 | €46,202 | -€40,105 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,307 | €46,202 | -€40,105 | -46.5% |
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 10 October 2026 via checked.be.