BRAND PARTNERS: what changed
BRAND PARTNERS
Largest movements
- Financial fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets -€13,978
no longer reported in 2025 (was €13,978)
of which Other tangible fixed assets: -€10,838
- Cash +€13,027
new in 2025: €13,027
mainly Provisions (+€239,150) and Tax, wage and social debts (+€119,941)
- Intangible fixed assets -€6,201
no longer reported in 2025 (was €6,201)
- Receivables within one year +€2,320
up €2,320 (+2.2%), from €106,715 to €109,035
of which Trade receivables: +€6,340
- Profit (loss) carried forward -€343,009
down €343,009 (-54.7%), from -€627,138 to -€970,147
- Provisions +€239,150
new in 2025: €239,150
- Tax, wage and social debts +€119,941
up €119,941 (+152%), from €79,041 to €198,981
of which Taxes: +€77,432
- Trade debts +€72,179
up €72,179 (+111%), from €64,923 to €137,102
- Debts after one year -€64,286
down €64,286 (-23.5%), from €273,214 to €208,929
- Gross operating margin -€269,513
down €269,513 (-33.0%), from €817,276 to €547,763
- Staff costs -€167,304
down €167,304 (-22.1%), from €755,734 to €588,430
- Financial charges +€8,732
up €8,732 (+34.4%), from €25,361 to €34,093
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,894 | €122,158 | -€19,736 | -13.9% |
| Fixed assets | 21/28 | €35,179 | - | -€35,179 | |
| Intangible fixed assets | 21 | €6,201 | - | -€6,201 | |
| Tangible fixed assets | 22/27 | €13,978 | - | -€13,978 | |
| Furniture and vehicles | 24 | €3,140 | - | -€3,140 | |
| Other tangible fixed assets | 26 | €10,838 | - | -€10,838 | |
| Financial fixed assets | 28 | €15,000 | - | -€15,000 | |
| Current assets | 29/58 | €106,715 | €122,158 | +€15,443 | +14.5% |
| Amounts receivable within one year | 40/41 | €106,715 | €109,035 | +€2,320 | +2.2% |
| Trade receivables | 40 | €102,083 | €108,422 | +€6,340 | +6.2% |
| Other amounts receivable | 41 | €4,632 | €612 | -€4,020 | -86.8% |
| Cash at bank and in hand | 54/58 | - | €13,027 | +€13,027 | |
| Deferred charges and accrued income | 490/1 | - | €96 | +€96 | |
| Total equity and liabilities | 10/49 | €141,894 | €122,158 | -€19,736 | -13.9% |
| Equity | 10/15 | -€558,938 | -€901,947 | -€343,009 | -61.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€627,138 | -€970,147 | -€343,009 | -54.7% |
| Provisions and deferred taxes | 16 | - | €239,150 | +€239,150 | |
| Provisions for liabilities and charges | 160/5 | - | €239,150 | +€239,150 | |
| Pensions and similar obligations | 160 | - | €239,150 | +€239,150 | |
| Amounts payable | 17/49 | €700,832 | €784,955 | +€84,123 | +12.0% |
| Amounts payable after more than one year | 17 | €273,214 | €208,929 | -€64,286 | -23.5% |
| Financial debts | 170/4 | €273,214 | €208,929 | -€64,286 | -23.5% |
| Amounts payable within one year | 42/48 | €409,318 | €557,716 | +€148,398 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €125,444 | €96,632 | -€28,812 | -23.0% |
| Financial debts | 43 | €139,910 | €125,000 | -€14,910 | -10.7% |
| Credit institutions | 430/8 | €139,910 | €125,000 | -€14,910 | -10.7% |
| Trade debts | 44 | €64,923 | €137,102 | +€72,179 | +111% |
| Suppliers | 440/4 | €64,923 | €137,102 | +€72,179 | +111% |
| Taxes, remuneration and social security | 45 | €79,041 | €198,981 | +€119,941 | +152% |
| Taxes | 450/3 | €15,214 | €92,645 | +€77,432 | +509% |
| Remuneration and social security | 454/9 | €63,827 | €106,336 | +€42,509 | +66.6% |
| Accrued charges and deferred income | 492/3 | €18,299 | €18,310 | +€11 | +0.1% |
| Remuneration, social security and pensions | 62 | €755,734 | €588,430 | -€167,304 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,694 | - | -€5,694 | |
| Other operating charges | 640/8 | €6,540 | €7,147 | +€607 | +9.3% |
| Non-recurring operating charges | 66A | - | €259,329 | +€259,329 | |
| Gross operating margin | 9900 | €817,276 | €547,763 | -€269,513 | -33.0% |
| Operating profit (loss) | 9901 | €49,308 | -€307,143 | -€356,451 | |
| Financial income | 75/76B | €696 | €88 | -€608 | -87.4% |
| Recurring financial income | 75 | €696 | €88 | -€608 | -87.4% |
| Financial charges | 65/66B | €25,361 | €34,093 | +€8,732 | +34.4% |
| Recurring financial charges | 65 | €25,361 | €34,093 | +€8,732 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €24,644 | -€341,148 | -€365,792 | |
| Income taxes | 67/77 | €1,788 | €1,861 | +€73 | +4.1% |
| Profit (loss) for the period | 9904 | €22,856 | -€343,009 | -€365,865 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,856 | -€343,009 | -€365,865 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.