BRABEL CONCEPT: 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.
BRABEL CONCEPT
Largest movements
- Receivables within one year +€15,420
up €15,420 (+136.9%), from €11,267 to €26,686
of which Trade receivables: +€12,235
- Cash -€4,178
down €4,178 (-51.5%), from €8,116 to €3,938
mainly Receivables within one year (-€15,420) and Investment in fixed assets (net) (-€1,750)
- Tangible fixed assets +€1,401
up €1,401 (+518.9%), from €270 to €1,671
- Trade debts +€14,301
up €14,301 (+206.8%), from €6,917 to €21,218
- Tax, wage and social debts -€1,313
down €1,313 (-93.8%), from €1,400 to €87
- Other debts -€816
down €816 (-46.6%), from €1,750 to €934
- Profit (loss) carried forward +€470
up €470 (+10.3%), from €4,586 to €5,056
- Gross operating margin -€4,611
down €4,611 (-75.4%), from €6,114 to €1,504
- Taxes -€844
down €844 (-71.8%), from €1,175 to €332
- Depreciation +€260
up €260 (+291.6%), from €89 to €349
- Financial charges +€151
up €151 (+101.3%), from €149 to €300
- Other operating charges -€63
down €63 (-54.3%), from €116 to €53
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 | €19,653 | €32,295 | +€12,643 | +64.3% |
| Fixed assets | 21/28 | €270 | €1,671 | +€1,401 | +518.9% |
| Tangible fixed assets | 22/27 | €270 | €1,671 | +€1,401 | +518.9% |
| Plant, machinery and equipment | 23 | €270 | €1,671 | +€1,401 | +518.9% |
| Current assets | 29/58 | €19,383 | €30,624 | +€11,241 | +58.0% |
| Amounts receivable within one year | 40/41 | €11,267 | €26,686 | +€15,420 | +136.9% |
| Trade receivables | 40 | €10,090 | €22,325 | +€12,235 | +121.3% |
| Other amounts receivable | 41 | €1,176 | €4,361 | +€3,185 | +270.7% |
| Cash at bank and in hand | 54/58 | €8,116 | €3,938 | -€4,178 | -51.5% |
| Total equity and liabilities | 10/49 | €19,653 | €32,295 | +€12,643 | +64.3% |
| Equity | 10/15 | €9,586 | €10,056 | +€470 | +4.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,586 | €5,056 | +€470 | +10.3% |
| Amounts payable | 17/49 | €10,067 | €22,239 | +€12,172 | +120.9% |
| Amounts payable within one year | 42/48 | €10,067 | €22,239 | +€12,172 | +120.9% |
| Trade debts | 44 | €6,917 | €21,218 | +€14,301 | +206.8% |
| Suppliers | 440/4 | €6,917 | €21,218 | +€14,301 | +206.8% |
| Taxes, remuneration and social security | 45 | €1,400 | €87 | -€1,313 | -93.8% |
| Taxes | 450/3 | €1,400 | €87 | -€1,313 | -93.8% |
| Other amounts payable | 47/48 | €1,750 | €934 | -€816 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89 | €349 | +€260 | +291.6% |
| Other operating charges | 640/8 | €116 | €53 | -€63 | -54.3% |
| Gross operating margin | 9900 | €6,114 | €1,504 | -€4,611 | -75.4% |
| Operating profit (loss) | 9901 | €5,909 | €1,102 | -€4,807 | -81.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €149 | €300 | +€151 | +101.3% |
| Recurring financial charges | 65 | €149 | €300 | +€151 | +101.3% |
| Profit (loss) for the period before taxes | 9903 | €5,761 | €802 | -€4,959 | -86.1% |
| Income taxes | 67/77 | €1,175 | €332 | -€844 | -71.8% |
| Profit (loss) for the period | 9904 | €4,586 | €470 | -€4,115 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,586 | €470 | -€4,115 | -89.7% |
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 11 October 2026 via checked.be.