Brand Out: 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 Out
Largest movements
- Cash +€12,796
up €12,796 (+219%), from €5,832 to €18,627
mainly Net result for the year (+€25,700) and Accrued charges and deferred income (+€1,742)
- Receivables within one year +€4,162
up €4,162 (+13.3%), from €31,311 to €35,473
of which Trade receivables: +€2,902
- Current investments +€1,980
new in 2025: €1,980
- Deferred charges and accrued income +€623
up €623 (+122%), from €511 to €1,134
- Reserves +€25,700
up €25,700 (+110%), from €23,383 to €49,083
- Other debts -€7,602
down €7,602 (-97.8%), from €7,775 to €173
- Accrued charges and deferred income +€1,742
up €1,742 (+669%), from €260 to €2,002
- Trade debts -€759
down €759 (-57.1%), from €1,330 to €570
- Gross operating margin +€3,970
up €3,970 (+12.4%), from €32,031 to €36,001
- Taxes +€1,571
up €1,571 (+19.2%), from €8,169 to €9,740
- Financial income +€897
up €897 (+2,706%), from €33 to €930
- Financial charges +€846
up €846 (+677%), from €125 to €971
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 | €37,654 | €57,215 | +€19,561 | +52.0% |
| Current assets | 29/58 | €37,654 | €57,215 | +€19,561 | +52.0% |
| Amounts receivable within one year | 40/41 | €31,311 | €35,473 | +€4,162 | +13.3% |
| Trade receivables | 40 | €31,311 | €34,213 | +€2,902 | +9.3% |
| Other amounts receivable | 41 | - | €1,260 | +€1,260 | |
| Current investments | 50/53 | - | €1,980 | +€1,980 | |
| Cash at bank and in hand | 54/58 | €5,832 | €18,627 | +€12,796 | +219% |
| Deferred charges and accrued income | 490/1 | €511 | €1,134 | +€623 | +122% |
| Total equity and liabilities | 10/49 | €37,654 | €57,215 | +€19,561 | +52.0% |
| Equity | 10/15 | €25,383 | €51,083 | +€25,700 | +101% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,383 | €49,083 | +€25,700 | +110% |
| Distributable reserves | 133 | €23,383 | €49,083 | +€25,700 | +110% |
| Amounts payable | 17/49 | €12,271 | €6,132 | -€6,139 | -50.0% |
| Amounts payable within one year | 42/48 | €12,010 | €4,130 | -€7,880 | -65.6% |
| Trade debts | 44 | €1,330 | €570 | -€759 | -57.1% |
| Suppliers | 440/4 | €1,330 | €570 | -€759 | -57.1% |
| Taxes, remuneration and social security | 45 | €2,906 | €3,387 | +€481 | +16.6% |
| Taxes | 450/3 | €2,906 | €3,387 | +€481 | +16.6% |
| Other amounts payable | 47/48 | €7,775 | €173 | -€7,602 | -97.8% |
| Accrued charges and deferred income | 492/3 | €260 | €2,002 | +€1,742 | +669% |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | €32,031 | €36,001 | +€3,970 | +12.4% |
| Operating profit (loss) | 9901 | €31,644 | €35,481 | +€3,837 | +12.1% |
| Financial income | 75/76B | €33 | €930 | +€897 | +2,706% |
| Recurring financial income | 75 | €33 | €930 | +€897 | +2,706% |
| Financial charges | 65/66B | €125 | €971 | +€846 | +677% |
| Recurring financial charges | 65 | €125 | €971 | +€846 | +677% |
| Profit (loss) for the period before taxes | 9903 | €31,552 | €35,440 | +€3,888 | +12.3% |
| Income taxes | 67/77 | €8,169 | €9,740 | +€1,571 | +19.2% |
| Profit (loss) for the period | 9904 | €23,383 | €25,700 | +€2,317 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,383 | €25,700 | +€2,317 | +9.9% |
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 20 October 2026 via checked.be.