BRANDCO: 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.
BRANDCO
Largest movements
- Receivables within one year -€30,301
down €30,301 (-73.7%), from €41,118 to €10,817
of which Trade receivables: -€32,115
- Cash +€18,112
up €18,112 (+539.0%), from €3,360 to €21,473
mainly Receivables within one year (+€30,301) and Net result for the year (+€21,572)
- Tangible fixed assets -€3,394
down €3,394 (-43.3%), from €7,839 to €4,444
- Trade debts -€26,826
down €26,826 (-92.6%), from €28,967 to €2,141
- Profit (loss) carried forward +€21,572
up €21,572 (+36.6%), from -€58,949 to -€37,377
- Tax, wage and social debts -€5,463
down €5,463 (-100.0%), from €5,465 to €3
of which Taxes: -€3,491
- Other debts -€4,867
down €4,867 (-8.4%), from €58,234 to €53,367
- Gross operating margin +€34,512
up €34,512, from -€9,371 to €25,141
- Financial income -€5,078
down €5,078 (-100.0%), from €5,078 to €1
- Depreciation -€770
down €770 (-18.5%), from €4,164 to €3,394
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 | €52,317 | €36,734 | -€15,583 | -29.8% |
| Fixed assets | 21/28 | €7,839 | €4,444 | -€3,394 | -43.3% |
| Tangible fixed assets | 22/27 | €7,839 | €4,444 | -€3,394 | -43.3% |
| Furniture and vehicles | 24 | €7,839 | €4,444 | -€3,394 | -43.3% |
| Current assets | 29/58 | €44,478 | €32,289 | -€12,189 | -27.4% |
| Amounts receivable within one year | 40/41 | €41,118 | €10,817 | -€30,301 | -73.7% |
| Trade receivables | 40 | €40,795 | €8,680 | -€32,115 | -78.7% |
| Other amounts receivable | 41 | €322 | €2,136 | +€1,814 | +563.2% |
| Cash at bank and in hand | 54/58 | €3,360 | €21,473 | +€18,112 | +539.0% |
| Total equity and liabilities | 10/49 | €52,317 | €36,734 | -€15,583 | -29.8% |
| Equity | 10/15 | -€40,349 | -€18,777 | +€21,572 | +53.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,949 | -€37,377 | +€21,572 | +36.6% |
| Amounts payable | 17/49 | €92,666 | €55,511 | -€37,155 | -40.1% |
| Amounts payable within one year | 42/48 | €92,666 | €55,511 | -€37,155 | -40.1% |
| Trade debts | 44 | €28,967 | €2,141 | -€26,826 | -92.6% |
| Suppliers | 440/4 | €28,967 | €2,141 | -€26,826 | -92.6% |
| Taxes, remuneration and social security | 45 | €5,465 | €3 | -€5,463 | -100.0% |
| Taxes | 450/3 | €3,494 | €3 | -€3,491 | -99.9% |
| Remuneration and social security | 454/9 | €1,972 | - | -€1,972 | |
| Other amounts payable | 47/48 | €58,234 | €53,367 | -€4,867 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,164 | €3,394 | -€770 | -18.5% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€9,371 | €25,141 | +€34,512 | |
| Operating profit (loss) | 9901 | -€13,653 | €21,627 | +€35,280 | |
| Financial income | 75/76B | €5,078 | €1 | -€5,078 | -100.0% |
| Recurring financial income | 75 | €5,078 | €1 | -€5,078 | -100.0% |
| Financial charges | 65/66B | €152 | €55 | -€96 | -63.5% |
| Recurring financial charges | 65 | €152 | €55 | -€96 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,726 | €21,572 | +€30,298 | |
| Profit (loss) for the period | 9904 | -€8,726 | €21,572 | +€30,298 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,726 | €21,572 | +€30,298 |
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 10 October 2026 via checked.be.