Brand Division: 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 Division
Largest movements
- Cash +€32,993
up €32,993 (+125.0%), from €26,399 to €59,392
mainly Other debts (+€106,487) and Net result for the year (+€58,742)
- Current investments +€13,350
up €13,350 (+18.6%), from €71,928 to €85,277
- Tangible fixed assets -€10,917
down €10,917 (-21.8%), from €50,056 to €39,140
of which Furniture and vehicles: -€10,901
- Deferred charges and accrued income -€3,679
down €3,679 (-10.1%), from €36,589 to €32,911
- Receivables within one year +€2,582
up €2,582 (+15.1%), from €17,064 to €19,646
of which Other amounts receivable: +€2,447
- Other debts +€106,487
up €106,487 (+1794.3%), from €5,935 to €112,422
- Reserves -€59,576
down €59,576 (-70.8%), from €84,128 to €24,552
of which Distributable reserves: -€59,576
- Debts after one year -€9,660
down €9,660 (-15.3%), from €63,191 to €53,532
- Trade debts -€4,710
down €4,710 (-72.9%), from €6,461 to €1,751
- Depreciation +€6,645
up €6,645 (+155.5%), from €4,272 to €10,917
- Gross operating margin -€5,244
down €5,244 (-5.6%), from €94,436 to €89,192
- Taxes -€2,899
down €2,899 (-15.2%), from €19,122 to €16,223
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 | €202,126 | €236,456 | +€34,329 | +17.0% |
| Fixed assets | 21/28 | €50,146 | €39,230 | -€10,917 | -21.8% |
| Tangible fixed assets | 22/27 | €50,056 | €39,140 | -€10,917 | -21.8% |
| Plant, machinery and equipment | 23 | €16 | - | -€16 | |
| Furniture and vehicles | 24 | €50,041 | €39,140 | -€10,901 | -21.8% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €151,980 | €197,226 | +€45,246 | +29.8% |
| Amounts receivable within one year | 40/41 | €17,064 | €19,646 | +€2,582 | +15.1% |
| Trade receivables | 40 | €17,064 | €17,199 | +€135 | +0.8% |
| Other amounts receivable | 41 | - | €2,447 | +€2,447 | |
| Current investments | 50/53 | €71,928 | €85,277 | +€13,350 | +18.6% |
| Cash at bank and in hand | 54/58 | €26,399 | €59,392 | +€32,993 | +125.0% |
| Deferred charges and accrued income | 490/1 | €36,589 | €32,911 | -€3,679 | -10.1% |
| Total equity and liabilities | 10/49 | €202,126 | €236,456 | +€34,329 | +17.0% |
| Equity | 10/15 | €102,728 | €43,152 | -€59,576 | -58.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,128 | €24,552 | -€59,576 | -70.8% |
| Tax-exempt reserves | 132 | €13,950 | €13,950 | = | 0.0% |
| Distributable reserves | 133 | €70,178 | €10,602 | -€59,576 | -84.9% |
| Amounts payable | 17/49 | €99,399 | €193,304 | +€93,905 | +94.5% |
| Amounts payable after more than one year | 17 | €63,191 | €53,532 | -€9,660 | -15.3% |
| Financial debts | 170/4 | €63,191 | €53,532 | -€9,660 | -15.3% |
| Amounts payable within one year | 42/48 | €35,720 | €139,285 | +€103,565 | +289.9% |
| Current portion of amounts payable after more than one year | 42 | €9,335 | €9,660 | +€325 | +3.5% |
| Trade debts | 44 | €6,461 | €1,751 | -€4,710 | -72.9% |
| Suppliers | 440/4 | €6,461 | €1,751 | -€4,710 | -72.9% |
| Taxes, remuneration and social security | 45 | €13,990 | €15,453 | +€1,463 | +10.5% |
| Taxes | 450/3 | €13,990 | €15,453 | +€1,463 | +10.5% |
| Other amounts payable | 47/48 | €5,935 | €112,422 | +€106,487 | +1794.3% |
| Accrued charges and deferred income | 492/3 | €487 | €487 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,272 | €10,917 | +€6,645 | +155.5% |
| Other operating charges | 640/8 | €1,043 | €876 | -€167 | -16.0% |
| Gross operating margin | 9900 | €94,436 | €89,192 | -€5,244 | -5.6% |
| Operating profit (loss) | 9901 | €89,121 | €77,399 | -€11,722 | -13.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,682 | €2,434 | +€753 | +44.8% |
| Recurring financial charges | 65 | €1,682 | €2,434 | +€753 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €87,440 | €74,965 | -€12,475 | -14.3% |
| Income taxes | 67/77 | €19,122 | €16,223 | -€2,899 | -15.2% |
| Profit (loss) for the period | 9904 | €68,318 | €58,742 | -€9,576 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,318 | €58,742 | -€9,576 | -14.0% |
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 12 October 2026 via checked.be.