BRANDDISCOVERY: what changed
Two fiscal 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.
BRANDDISCOVERY
Largest movements
- Cash +€244,457
up €244,457 (+49.4%), from €494,544 to €739,001
mainly Net result for the year (+€133,622) and Receivables within one year (+€88,297)
- Receivables within one year -€88,297
down €88,297 (-90.9%), from €97,118 to €8,822
of which Trade receivables: -€97,062
- Reserves +€133,622
up €133,622 (+23.6%), from €566,940 to €700,562
- Trade debts +€20,991
up €20,991 (+689.8%), from €3,043 to €24,034
- Gross operating margin -€46,162
down €46,162 (-20.2%), from €228,103 to €181,940
- Taxes -€13,023
down €13,023 (-18.8%), from €69,241 to €56,218
- Financial income +€4,641
up €4,641 (+68.0%), from €6,821 to €11,462
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 | €616,233 | €773,044 | +€156,811 | +25.4% |
| Formation expenses | 20 | €251 | €28 | -€223 | -89.0% |
| Fixed assets | 21/28 | €23,393 | €23,561 | +€168 | +0.7% |
| Tangible fixed assets | 22/27 | €23,393 | €23,561 | +€168 | +0.7% |
| Plant, machinery and equipment | 23 | €830 | €171 | -€658 | -79.3% |
| Furniture and vehicles | 24 | €1,018 | €1,844 | +€826 | +81.2% |
| Other tangible fixed assets | 26 | €21,545 | €21,545 | = | 0.0% |
| Current assets | 29/58 | €592,590 | €749,456 | +€156,866 | +26.5% |
| Amounts receivable within one year | 40/41 | €97,118 | €8,822 | -€88,297 | -90.9% |
| Trade receivables | 40 | €97,062 | €0 | -€97,062 | -100.0% |
| Other amounts receivable | 41 | €56 | €8,822 | +€8,765 | +15527.6% |
| Cash at bank and in hand | 54/58 | €494,544 | €739,001 | +€244,457 | +49.4% |
| Deferred charges and accrued income | 490/1 | €927 | €1,634 | +€706 | +76.2% |
| Total equity and liabilities | 10/49 | €616,233 | €773,044 | +€156,811 | +25.4% |
| Equity | 10/15 | €571,940 | €705,562 | +€133,622 | +23.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €566,940 | €700,562 | +€133,622 | +23.6% |
| Distributable reserves | 133 | €566,940 | €700,562 | +€133,622 | +23.6% |
| Amounts payable | 17/49 | €44,293 | €67,482 | +€23,189 | +52.4% |
| Amounts payable within one year | 42/48 | €44,293 | €67,482 | +€23,189 | +52.4% |
| Financial debts | 43 | €42 | €127 | +€85 | +200.9% |
| Credit institutions | 430/8 | €42 | €127 | +€85 | +200.9% |
| Trade debts | 44 | €3,043 | €24,034 | +€20,991 | +689.8% |
| Suppliers | 440/4 | €3,043 | €24,034 | +€20,991 | +689.8% |
| Taxes, remuneration and social security | 45 | €39,588 | €41,254 | +€1,666 | +4.2% |
| Taxes | 450/3 | €39,588 | €41,254 | +€1,666 | +4.2% |
| Other amounts payable | 47/48 | €1,620 | €2,067 | +€447 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,410 | €1,472 | +€61 | +4.3% |
| Other operating charges | 640/8 | €387 | €1,673 | +€1,286 | +331.9% |
| Gross operating margin | 9900 | €228,103 | €181,940 | -€46,162 | -20.2% |
| Operating profit (loss) | 9901 | €226,305 | €178,796 | -€47,509 | -21.0% |
| Financial income | 75/76B | €6,821 | €11,462 | +€4,641 | +68.0% |
| Recurring financial income | 75 | €6,821 | €11,462 | +€4,641 | +68.0% |
| Financial charges | 65/66B | €1,684 | €418 | -€1,265 | -75.2% |
| Recurring financial charges | 65 | €1,684 | €418 | -€1,265 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €231,443 | €189,840 | -€41,603 | -18.0% |
| Income taxes | 67/77 | €69,241 | €56,218 | -€13,023 | -18.8% |
| Profit (loss) for the period | 9904 | €162,202 | €133,622 | -€28,580 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €162,202 | €133,622 | -€28,580 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.