BRABUS: 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.
BRABUS
Largest movements
- Receivables within one year -€120,764
down €120,764 (-31.2%), from €387,318 to €266,554
of which Trade receivables: -€100,303
- Cash +€116,116
up €116,116 (+69.2%), from €167,810 to €283,926
mainly Receivables within one year (+€120,764) and Net result for the year (+€111,575)
- Tangible fixed assets +€46,891
up €46,891 (+356%), from €13,185 to €60,077
of which Furniture and vehicles: +€47,543
- Receivables after one year -€40,000
down €40,000 (-50.0%), from €80,000 to €40,000
- Deferred charges and accrued income -€18,876
down €18,876 (-100%), from €18,876 to €0
- Other debts -€39,997
down €39,997 (-28.4%), from €140,719 to €100,722
- Debts after one year +€32,479
new in 2025: €32,479
- Current portion of long-term debt +€11,787
new in 2025: €11,787
- Reserves +€11,575
up €11,575 (+2.1%), from €558,423 to €569,997
of which Distributable reserves: +€51,575
- Tax, wage and social debts -€10,806
down €10,806 (-58.1%), from €18,586 to €7,781
of which Taxes: -€9,121
- Gross operating margin -€35,032
down €35,032 (-10.3%), from €339,682 to €304,650
- Taxes -€13,621
down €13,621 (-27.3%), from €49,935 to €36,314
- Staff costs +€8,174
up €8,174 (+5.2%), from €156,556 to €164,729
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 | €763,252 | €763,459 | +€207 | 0.0% |
| Fixed assets | 21/28 | €13,185 | €60,077 | +€46,891 | +356% |
| Tangible fixed assets | 22/27 | €13,185 | €60,077 | +€46,891 | +356% |
| Plant, machinery and equipment | 23 | €3,634 | €4,368 | +€734 | +20.2% |
| Furniture and vehicles | 24 | €2,832 | €50,375 | +€47,543 | +1,679% |
| Other tangible fixed assets | 26 | €6,719 | €5,333 | -€1,386 | -20.6% |
| Current assets | 29/58 | €750,067 | €703,382 | -€46,685 | -6.2% |
| Amounts receivable after more than one year | 29 | €80,000 | €40,000 | -€40,000 | -50.0% |
| Other amounts receivable | 291 | €80,000 | €40,000 | -€40,000 | -50.0% |
| Stocks and contracts in progress | 3 | €96,063 | €112,902 | +€16,839 | +17.5% |
| Stocks | 30/36 | €96,063 | €107,987 | +€11,924 | +12.4% |
| Contracts in progress | 37 | - | €4,914 | +€4,914 | |
| Amounts receivable within one year | 40/41 | €387,318 | €266,554 | -€120,764 | -31.2% |
| Trade receivables | 40 | €237,996 | €137,693 | -€100,303 | -42.1% |
| Other amounts receivable | 41 | €149,322 | €128,861 | -€20,461 | -13.7% |
| Cash at bank and in hand | 54/58 | €167,810 | €283,926 | +€116,116 | +69.2% |
| Deferred charges and accrued income | 490/1 | €18,876 | €0 | -€18,876 | -100% |
| Total equity and liabilities | 10/49 | €763,252 | €763,459 | +€207 | 0.0% |
| Equity | 10/15 | €576,973 | €588,547 | +€11,575 | +2.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €558,423 | €569,997 | +€11,575 | +2.1% |
| Non-distributable reserves | 130/1 | €121,855 | €81,855 | -€40,000 | -32.8% |
| Reserves not available under the articles | 1311 | €121,855 | €81,855 | -€40,000 | -32.8% |
| Distributable reserves | 133 | €436,568 | €488,142 | +€51,575 | +11.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €186,279 | €174,911 | -€11,368 | -6.1% |
| Amounts payable after more than one year | 17 | - | €32,479 | +€32,479 | |
| Financial debts | 170/4 | - | €32,479 | +€32,479 | |
| Amounts payable within one year | 42/48 | €178,278 | €142,038 | -€36,240 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,787 | +€11,787 | |
| Trade debts | 44 | €18,972 | €21,748 | +€2,776 | +14.6% |
| Suppliers | 440/4 | €18,972 | €21,748 | +€2,776 | +14.6% |
| Taxes, remuneration and social security | 45 | €18,586 | €7,781 | -€10,806 | -58.1% |
| Taxes | 450/3 | €16,901 | €7,781 | -€9,121 | -54.0% |
| Remuneration and social security | 454/9 | €1,685 | €0 | -€1,685 | -100% |
| Other amounts payable | 47/48 | €140,719 | €100,722 | -€39,997 | -28.4% |
| Accrued charges and deferred income | 492/3 | €8,001 | €394 | -€7,607 | -95.1% |
| Remuneration, social security and pensions | 62 | €156,556 | €164,729 | +€8,174 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,131 | €6,863 | +€1,732 | +33.8% |
| Other operating charges | 640/8 | €2,931 | €1,678 | -€1,253 | -42.7% |
| Gross operating margin | 9900 | €339,682 | €304,650 | -€35,032 | -10.3% |
| Operating profit (loss) | 9901 | €175,064 | €131,379 | -€43,684 | -25.0% |
| Financial income | 75/76B | €21,666 | €19,355 | -€2,311 | -10.7% |
| Recurring financial income | 75 | €21,666 | €19,355 | -€2,311 | -10.7% |
| Financial charges | 65/66B | €1,544 | €2,846 | +€1,301 | +84.3% |
| Recurring financial charges | 65 | €1,544 | €2,846 | +€1,301 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | €195,186 | €147,889 | -€47,297 | -24.2% |
| Income taxes | 67/77 | €49,935 | €36,314 | -€13,621 | -27.3% |
| Profit (loss) for the period | 9904 | €145,250 | €111,575 | -€33,676 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €145,250 | €111,575 | -€33,676 | -23.2% |
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 24 October 2026 via checked.be.