BRABUS BOATS: 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 BOATS
Largest movements
- Receivables within one year +€66,028
up €66,028 (+105.7%), from €62,474 to €128,502
of which Trade receivables: +€65,948
- Tangible fixed assets -€51,503
down €51,503 (-12.0%), from €430,445 to €378,943
of which Leasing and similar rights: -€46,504
- Stocks and contracts +€17,054
up €17,054 (+30.1%), from €56,605 to €73,659
- Trade debts +€34,544
up €34,544 (+89.2%), from €38,717 to €73,261
- Debts after one year -€18,246
down €18,246 (-4.5%), from €407,754 to €389,508
- Short-term financial debts -€16,603
no longer reported in 2025 (was €16,603)
- Tax, wage and social debts +€14,441
up €14,441 (+60.5%), from €23,882 to €38,322
of which Taxes: +€7,841
- Reserves +€6,928
up €6,928 (+40.6%), from €17,056 to €23,985
- Gross operating margin +€29,395
up €29,395 (+96.8%), from €30,368 to €59,763
- Other operating charges +€13,959
up €13,959 (+344.8%), from €4,048 to €18,007
- Depreciation +€12,976
up €12,976 (+209.7%), from €6,187 to €19,163
- Financial income +€2,924
up €2,924 (+114202.0%), from €3 to €2,926
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 | €556,444 | €584,478 | +€28,034 | +5.0% |
| Fixed assets | 21/28 | €434,692 | €379,101 | -€55,591 | -12.8% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -62.5% |
| Tangible fixed assets | 22/27 | €430,445 | €378,943 | -€51,503 | -12.0% |
| Land and buildings | 22 | €383,341 | €368,718 | -€14,623 | -3.8% |
| Plant, machinery and equipment | 23 | €601 | €235 | -€366 | -60.9% |
| Furniture and vehicles | 24 | - | €9,990 | +€9,990 | |
| Leasing and similar rights | 25 | €46,504 | - | -€46,504 | |
| Financial fixed assets | 28 | €4,246 | €158 | -€4,088 | -96.3% |
| Current assets | 29/58 | €121,752 | €205,377 | +€83,626 | +68.7% |
| Stocks and contracts in progress | 3 | €56,605 | €73,659 | +€17,054 | +30.1% |
| Stocks | 30/36 | €56,605 | €73,659 | +€17,054 | +30.1% |
| Amounts receivable within one year | 40/41 | €62,474 | €128,502 | +€66,028 | +105.7% |
| Trade receivables | 40 | €62,474 | €128,422 | +€65,948 | +105.6% |
| Other amounts receivable | 41 | - | €80 | +€80 | |
| Cash at bank and in hand | 54/58 | €835 | €3,216 | +€2,381 | +285.3% |
| Deferred charges and accrued income | 490/1 | €1,838 | - | -€1,838 | |
| Total equity and liabilities | 10/49 | €556,444 | €584,478 | +€28,034 | +5.0% |
| Equity | 10/15 | €20,884 | €28,985 | +€8,100 | +38.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,056 | €23,985 | +€6,928 | +40.6% |
| Distributable reserves | 133 | €17,056 | €23,985 | +€6,928 | +40.6% |
| Profit (loss) carried forward | 14 | -€1,172 | - | +€1,172 | |
| Amounts payable | 17/49 | €535,559 | €555,494 | +€19,934 | +3.7% |
| Amounts payable after more than one year | 17 | €407,754 | €389,508 | -€18,246 | -4.5% |
| Financial debts | 170/4 | €407,754 | €389,508 | -€18,246 | -4.5% |
| Amounts payable within one year | 42/48 | €127,362 | €165,986 | +€38,623 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €48,150 | €53,246 | +€5,096 | +10.6% |
| Financial debts | 43 | €16,603 | - | -€16,603 | |
| Credit institutions | 430/8 | €16,603 | - | -€16,603 | |
| Trade debts | 44 | €38,717 | €73,261 | +€34,544 | +89.2% |
| Suppliers | 440/4 | €38,717 | €73,261 | +€34,544 | +89.2% |
| Taxes, remuneration and social security | 45 | €23,882 | €38,322 | +€14,441 | +60.5% |
| Taxes | 450/3 | €23,882 | €31,722 | +€7,841 | +32.8% |
| Remuneration and social security | 454/9 | - | €6,600 | +€6,600 | |
| Other amounts payable | 47/48 | €12 | €1,156 | +€1,145 | +9869.5% |
| Accrued charges and deferred income | 492/3 | €443 | - | -€443 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,187 | €19,163 | +€12,976 | +209.7% |
| Other operating charges | 640/8 | €4,048 | €18,007 | +€13,959 | +344.8% |
| Gross operating margin | 9900 | €30,368 | €59,763 | +€29,395 | +96.8% |
| Operating profit (loss) | 9901 | €20,133 | €22,593 | +€2,460 | +12.2% |
| Financial income | 75/76B | €3 | €2,926 | +€2,924 | +114202.0% |
| Recurring financial income | 75 | €3 | €2,926 | +€2,924 | +114202.0% |
| Financial charges | 65/66B | €17,554 | €17,419 | -€135 | -0.8% |
| Recurring financial charges | 65 | €17,554 | €17,419 | -€135 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €2,582 | €8,100 | +€5,518 | +213.8% |
| Profit (loss) for the period | 9904 | €2,582 | €8,100 | +€5,518 | +213.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,582 | €8,100 | +€5,518 | +213.8% |
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.