BRANDALL: what changed
BRANDALL
Largest movements
- Cash +€8,353
up €8,353 (+14.2%), from €58,989 to €67,342
mainly Net result for the year (+€9,976) and Depreciation (+€3,894)
- Tangible fixed assets -€3,894
down €3,894 (-17.8%), from €21,896 to €18,002
of which Plant, machinery and equipment: -€1,978
- Receivables within one year +€2,905
up €2,905 (+12.6%), from €23,005 to €25,911
of which Trade receivables: +€2,314
- Reserves +€9,976
up €9,976 (+62.7%), from €15,916 to €25,892
- Trade debts -€2,328
down €2,328 (-24.2%), from €9,630 to €7,303
- Gross operating margin +€7,896
up €7,896 (+63.0%), from €12,525 to €20,421
- Taxes +€1,600
up €1,600 (+47.2%), from €3,389 to €4,988
- Other operating charges +€410
up €410 (+40.7%), from €1,008 to €1,418
- Depreciation +€365
up €365 (+10.3%), from €3,529 to €3,894
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 | €104,567 | €111,455 | +€6,887 | +6.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €21,896 | €18,002 | -€3,894 | -17.8% |
| Tangible fixed assets | 22/27 | €21,896 | €18,002 | -€3,894 | -17.8% |
| Plant, machinery and equipment | 23 | €18,176 | €16,198 | -€1,978 | -10.9% |
| Furniture and vehicles | 24 | €3,720 | €1,804 | -€1,916 | -51.5% |
| Current assets | 29/58 | €82,671 | €93,453 | +€10,782 | +13.0% |
| Amounts receivable within one year | 40/41 | €23,005 | €25,911 | +€2,905 | +12.6% |
| Trade receivables | 40 | €22,856 | €25,170 | +€2,314 | +10.1% |
| Other amounts receivable | 41 | €149 | €741 | +€591 | +396% |
| Cash at bank and in hand | 54/58 | €58,989 | €67,342 | +€8,353 | +14.2% |
| Deferred charges and accrued income | 490/1 | €677 | €200 | -€477 | -70.5% |
| Total equity and liabilities | 10/49 | €104,567 | €111,455 | +€6,887 | +6.6% |
| Equity | 10/15 | €91,512 | €101,488 | +€9,976 | +10.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €15,916 | €25,892 | +€9,976 | +62.7% |
| Distributable reserves | 133 | €15,916 | €25,892 | +€9,976 | +62.7% |
| Profit (loss) carried forward | 14 | €75,097 | €75,097 | = | 0.0% |
| Amounts payable | 17/49 | €13,055 | €9,966 | -€3,089 | -23.7% |
| Amounts payable within one year | 42/48 | €13,055 | €9,966 | -€3,089 | -23.7% |
| Trade debts | 44 | €9,630 | €7,303 | -€2,328 | -24.2% |
| Suppliers | 440/4 | €9,630 | €7,303 | -€2,328 | -24.2% |
| Taxes, remuneration and social security | 45 | €2,845 | €2,663 | -€182 | -6.4% |
| Taxes | 450/3 | €2,845 | €2,663 | -€182 | -6.4% |
| Other amounts payable | 47/48 | €579 | - | -€579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,529 | €3,894 | +€365 | +10.3% |
| Other operating charges | 640/8 | €1,008 | €1,418 | +€410 | +40.7% |
| Gross operating margin | 9900 | €12,525 | €20,421 | +€7,896 | +63.0% |
| Operating profit (loss) | 9901 | €7,988 | €15,109 | +€7,120 | +89.1% |
| Financial income | 75/76B | €113 | €19 | -€94 | -83.3% |
| Recurring financial income | 75 | €113 | €19 | -€94 | -83.3% |
| Financial charges | 65/66B | €170 | €163 | -€7 | -4.2% |
| Recurring financial charges | 65 | €170 | €163 | -€7 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €7,932 | €14,964 | +€7,033 | +88.7% |
| Income taxes | 67/77 | €3,389 | €4,988 | +€1,600 | +47.2% |
| Profit (loss) for the period | 9904 | €4,543 | €9,976 | +€5,433 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €4,543 | €9,976 | +€5,433 | +120% |
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 2 November 2026 via checked.be.