BRANDARIS: 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.
BRANDARIS
Largest movements
- Cash +€6,362
up €6,362 (+6.0%), from €106,711 to €113,073
mainly Net result for the year (+€102,679) and Tax, wage and social debts (+€3,071)
- Tangible fixed assets +€3,751
up €3,751 (+58.4%), from €6,427 to €10,178
of which Furniture and vehicles: +€4,015
- Reserves +€5,879
up €5,879 (+6.1%), from €96,840 to €102,719
- Tax, wage and social debts +€3,071
up €3,071 (+79.2%), from €3,878 to €6,949
- Gross operating margin +€57,745
up €57,745 (+77.9%), from €74,168 to €131,912
- Taxes +€5,774
up €5,774 (+29.8%), from €19,385 to €25,159
- Financial income +€2,151
up €2,151 (+166%), from €1,300 to €3,451
of which Non-recurring financial income: +€1,517
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 | €113,655 | €123,251 | +€9,596 | +8.4% |
| Fixed assets | 21/28 | €6,427 | €10,178 | +€3,751 | +58.4% |
| Tangible fixed assets | 22/27 | €6,427 | €10,178 | +€3,751 | +58.4% |
| Plant, machinery and equipment | 23 | €858 | €594 | -€264 | -30.8% |
| Furniture and vehicles | 24 | €5,569 | €9,584 | +€4,015 | +72.1% |
| Current assets | 29/58 | €107,228 | €113,073 | +€5,845 | +5.5% |
| Amounts receivable within one year | 40/41 | €517 | - | -€517 | |
| Trade receivables | 40 | €77 | - | -€77 | |
| Other amounts receivable | 41 | €440 | - | -€440 | |
| Cash at bank and in hand | 54/58 | €106,711 | €113,073 | +€6,362 | +6.0% |
| Total equity and liabilities | 10/49 | €113,655 | €123,251 | +€9,596 | +8.4% |
| Equity | 10/15 | €109,240 | €115,119 | +€5,879 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €96,840 | €102,719 | +€5,879 | +6.1% |
| Distributable reserves | 133 | €96,840 | €102,719 | +€5,879 | +6.1% |
| Amounts payable | 17/49 | €4,415 | €8,132 | +€3,717 | +84.2% |
| Amounts payable within one year | 42/48 | €4,415 | €8,132 | +€3,717 | +84.2% |
| Trade debts | 44 | €388 | €842 | +€454 | +117% |
| Suppliers | 440/4 | €388 | €842 | +€454 | +117% |
| Taxes, remuneration and social security | 45 | €3,878 | €6,949 | +€3,071 | +79.2% |
| Taxes | 450/3 | €3,878 | €6,949 | +€3,071 | +79.2% |
| Other amounts payable | 47/48 | €148 | €341 | +€192 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,657 | €2,195 | +€538 | +32.5% |
| Other operating charges | 640/8 | €3,614 | €4,857 | +€1,243 | +34.4% |
| Gross operating margin | 9900 | €74,168 | €131,912 | +€57,745 | +77.9% |
| Operating profit (loss) | 9901 | €68,897 | €124,861 | +€55,964 | +81.2% |
| Financial income | 75/76B | €1,300 | €3,451 | +€2,151 | +166% |
| Recurring financial income | 75 | €1,300 | €1,934 | +€635 | +48.8% |
| Non-recurring financial income | 76B | - | €1,517 | +€1,517 | |
| Financial charges | 65/66B | €111 | €474 | +€363 | +328% |
| Recurring financial charges | 65 | €111 | €474 | +€363 | +328% |
| Profit (loss) for the period before taxes | 9903 | €70,086 | €127,838 | +€57,752 | +82.4% |
| Income taxes | 67/77 | €19,385 | €25,159 | +€5,774 | +29.8% |
| Profit (loss) for the period | 9904 | €50,701 | €102,679 | +€51,978 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €50,701 | €102,679 | +€51,978 | +103% |
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.