BRABANTHAL: 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.
BRABANTHAL
Largest movements
- Receivables within one year +€210,497
up €210,497 (+120%), from €174,827 to €385,324
of which Trade receivables: +€161,092
- Cash -€163,085
down €163,085 (-91.1%), from €179,032 to €15,946
mainly Receivables within one year (-€210,497) and Investment in fixed assets (net) (-€135,315)
- Tangible fixed assets +€68,417
up €68,417 (+9.2%), from €746,206 to €814,623
of which Other tangible fixed assets: +€44,205
- Trade debts +€100,448
up €100,448 (+74.3%), from €135,156 to €235,604
- Profit (loss) carried forward +€59,814
up €59,814 (+34.6%), from €172,961 to €232,775
- Debts after one year -€30,149
down €30,149 (-18.5%), from €163,301 to €133,152
of which Financial debts: -€30,149
- Accrued charges and deferred income -€25,603
down €25,603 (-6.6%), from €389,154 to €363,551
- Tax, wage and social debts +€12,645
up €12,645 (+32.1%), from €39,382 to €52,027
of which Taxes: +€8,132
- Gross operating margin +€25,223
up €25,223 (+6.4%), from €396,793 to €422,017
- Depreciation +€9,020
up €9,020 (+15.6%), from €57,878 to €66,898
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 | €1,106,707 | €1,223,929 | +€117,222 | +10.6% |
| Fixed assets | 21/28 | €746,206 | €814,623 | +€68,417 | +9.2% |
| Tangible fixed assets | 22/27 | €746,206 | €814,623 | +€68,417 | +9.2% |
| Plant, machinery and equipment | 23 | €2,505 | €31,301 | +€28,796 | +1,150% |
| Furniture and vehicles | 24 | €23,722 | €19,138 | -€4,584 | -19.3% |
| Other tangible fixed assets | 26 | €719,979 | €764,184 | +€44,205 | +6.1% |
| Current assets | 29/58 | €360,501 | €409,306 | +€48,805 | +13.5% |
| Amounts receivable within one year | 40/41 | €174,827 | €385,324 | +€210,497 | +120% |
| Trade receivables | 40 | €161,178 | €322,270 | +€161,092 | +99.9% |
| Other amounts receivable | 41 | €13,649 | €63,055 | +€49,406 | +362% |
| Current investments | 50/53 | €31 | €31 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €179,032 | €15,946 | -€163,085 | -91.1% |
| Deferred charges and accrued income | 490/1 | €6,611 | €8,004 | +€1,394 | +21.1% |
| Total equity and liabilities | 10/49 | €1,106,707 | €1,223,929 | +€117,222 | +10.6% |
| Equity | 10/15 | €348,868 | €408,528 | +€59,661 | +17.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €23,000 | €23,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,961 | €232,775 | +€59,814 | +34.6% |
| Investment grants | 15 | €2,907 | €2,754 | -€153 | -5.3% |
| Provisions and deferred taxes | 16 | €969 | €918 | -€51 | -5.3% |
| Deferred taxes | 168 | €969 | €918 | -€51 | -5.3% |
| Amounts payable | 17/49 | €756,870 | €814,483 | +€57,613 | +7.6% |
| Amounts payable after more than one year | 17 | €163,301 | €133,152 | -€30,149 | -18.5% |
| Financial debts | 170/4 | €150,901 | €120,752 | -€30,149 | -20.0% |
| Other amounts payable | 178/9 | €12,400 | €12,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €204,415 | €317,780 | +€113,365 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | €29,877 | €30,149 | +€272 | +0.9% |
| Trade debts | 44 | €135,156 | €235,604 | +€100,448 | +74.3% |
| Suppliers | 440/4 | €135,156 | €235,604 | +€100,448 | +74.3% |
| Taxes, remuneration and social security | 45 | €39,382 | €52,027 | +€12,645 | +32.1% |
| Taxes | 450/3 | €14,359 | €22,490 | +€8,132 | +56.6% |
| Remuneration and social security | 454/9 | €25,023 | €29,536 | +€4,513 | +18.0% |
| Accrued charges and deferred income | 492/3 | €389,154 | €363,551 | -€25,603 | -6.6% |
| Non-recurring operating income | 76A | €3,718 | - | -€3,718 | |
| Remuneration, social security and pensions | 62 | €261,136 | €264,616 | +€3,481 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,878 | €66,898 | +€9,020 | +15.6% |
| Other operating charges | 640/8 | €302 | €250 | -€52 | -17.1% |
| Gross operating margin | 9900 | €396,793 | €422,017 | +€25,223 | +6.4% |
| Operating profit (loss) | 9901 | €77,478 | €90,252 | +€12,775 | +16.5% |
| Financial income | 75/76B | €166 | €185 | +€19 | +11.7% |
| Recurring financial income | 75 | €166 | €185 | +€19 | +11.7% |
| Financial charges | 65/66B | €3,546 | €6,110 | +€2,564 | +72.3% |
| Recurring financial charges | 65 | €3,546 | €6,110 | +€2,564 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €74,097 | €84,327 | +€10,230 | +13.8% |
| Transfer from deferred taxes | 780 | €51 | €51 | = | 0.0% |
| Income taxes | 67/77 | €21,249 | €24,564 | +€3,315 | +15.6% |
| Profit (loss) for the period | 9904 | €52,899 | €59,814 | +€6,914 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,899 | €59,814 | +€6,914 | +13.1% |
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 25 October 2026 via checked.be.