BRAND-ASSURANCES: 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.
BRAND-ASSURANCES
Largest movements
- Intangible fixed assets +€203,411
new in 2025: €203,411
- Cash +€30,288
up €30,288 (+905%), from €3,348 to €33,636
mainly Debts after one year (+€210,267) and Accrued charges and deferred income (+€23,227)
- Tangible fixed assets -€14,901
down €14,901 (-25.5%), from €58,489 to €43,588
- Deferred charges and accrued income +€9,659
up €9,659 (+35.1%), from €27,541 to €37,200
- Debts after one year +€210,267
up €210,267 (+586%), from €35,872 to €246,140
of which Financial debts: +€147,267
- Accrued charges and deferred income +€23,227
up €23,227 (+788%), from €2,948 to €26,175
- Profit (loss) carried forward -€18,736
down €18,736 (-210%), from -€8,933 to -€27,669
- Current portion of long-term debt +€15,197
up €15,197 (+97.4%), from €15,600 to €30,797
- Trade debts +€10,592
up €10,592 (+44.2%), from €23,946 to €34,538
- Financial charges -€45,964
down €45,964 (-85.3%), from €53,859 to €7,895
of which Non-recurring financial charges: -€46,338
- Staff costs +€38,216
up €38,216 (+77.1%), from €49,555 to €87,771
- Gross operating margin -€17,647
down €17,647 (-15.3%), from €115,279 to €97,632
- Other operating charges -€2,508
down €2,508 (-57.4%), from €4,369 to €1,860
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 | €153,151 | €384,709 | +€231,557 | +151% |
| Fixed assets | 21/28 | €58,489 | €246,999 | +€188,510 | +322% |
| Intangible fixed assets | 21 | - | €203,411 | +€203,411 | |
| Tangible fixed assets | 22/27 | €58,489 | €43,588 | -€14,901 | -25.5% |
| Furniture and vehicles | 24 | €58,489 | €43,588 | -€14,901 | -25.5% |
| Current assets | 29/58 | €94,663 | €137,710 | +€43,047 | +45.5% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €929 | €4,029 | +€3,100 | +334% |
| Other amounts receivable | 41 | €929 | €4,029 | +€3,100 | +334% |
| Current investments | 50/53 | €52,845 | €52,845 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,348 | €33,636 | +€30,288 | +905% |
| Deferred charges and accrued income | 490/1 | €27,541 | €37,200 | +€9,659 | +35.1% |
| Total equity and liabilities | 10/49 | €153,151 | €384,709 | +€231,557 | +151% |
| Equity | 10/15 | €51,973 | €33,237 | -€18,736 | -36.0% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €54,705 | €54,705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,705 | €54,705 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €52,845 | €52,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,933 | -€27,669 | -€18,736 | -210% |
| Amounts payable | 17/49 | €101,178 | €351,472 | +€250,294 | +247% |
| Amounts payable after more than one year | 17 | €35,872 | €246,140 | +€210,267 | +586% |
| Financial debts | 170/4 | €35,872 | €183,140 | +€147,267 | +411% |
| Other amounts payable | 178/9 | - | €63,000 | +€63,000 | |
| Amounts payable within one year | 42/48 | €62,358 | €79,157 | +€16,799 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €15,600 | €30,797 | +€15,197 | +97.4% |
| Trade debts | 44 | €23,946 | €34,538 | +€10,592 | +44.2% |
| Suppliers | 440/4 | €23,946 | €34,538 | +€10,592 | +44.2% |
| Taxes, remuneration and social security | 45 | €22,812 | €13,823 | -€8,989 | -39.4% |
| Taxes | 450/3 | €16,282 | €3,645 | -€12,637 | -77.6% |
| Remuneration and social security | 454/9 | €6,530 | €10,177 | +€3,648 | +55.9% |
| Accrued charges and deferred income | 492/3 | €2,948 | €26,175 | +€23,227 | +788% |
| Remuneration, social security and pensions | 62 | €49,555 | €87,771 | +€38,216 | +77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,407 | €16,959 | +€552 | +3.4% |
| Other operating charges | 640/8 | €4,369 | €1,860 | -€2,508 | -57.4% |
| Gross operating margin | 9900 | €115,279 | €97,632 | -€17,647 | -15.3% |
| Operating profit (loss) | 9901 | €44,948 | -€8,958 | -€53,906 | |
| Financial income | 75/76B | €35 | €1 | -€34 | -97.1% |
| Recurring financial income | 75 | €35 | €1 | -€34 | -97.1% |
| Financial charges | 65/66B | €53,859 | €7,895 | -€45,964 | -85.3% |
| Recurring financial charges | 65 | €7,520 | €7,895 | +€375 | +5.0% |
| Non-recurring financial charges | 66B | €46,338 | - | -€46,338 | |
| Profit (loss) for the period before taxes | 9903 | -€8,875 | -€16,852 | -€7,977 | -89.9% |
| Income taxes | 67/77 | €1,761 | €1,884 | +€123 | +7.0% |
| Profit (loss) for the period | 9904 | -€10,637 | -€18,736 | -€8,100 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,637 | -€18,736 | -€8,100 | -76.1% |
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 22 October 2026 via checked.be.