Brandeco: 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.
Brandeco
Largest movements
- Receivables within one year +€48,075
up €48,075 (+79.8%), from €60,247 to €108,323
of which Other amounts receivable: +€48,405
- Tangible fixed assets -€4,228
down €4,228 (-44.5%), from €9,493 to €5,265
of which Furniture and vehicles: -€3,343
- Cash +€3,260
up €3,260 (+17,950%), from €18 to €3,278
mainly Tax, wage and social debts (+€31,476) and Net result for the year (+€30,568)
- Tax, wage and social debts +€31,476
up €31,476 (+960%), from €3,280 to €34,756
- Reserves +€30,568
up €30,568 (+135%), from €22,636 to €53,204
- Short-term financial debts -€6,222
no longer reported in 2025 (was €6,222)
- Other debts -€5,000
down €5,000 (-25.0%), from €19,998 to €14,998
- Trade debts -€3,715
down €3,715 (-60.0%), from €6,189 to €2,474
- Gross operating margin +€57,474
up €57,474, from -€409 to €57,064
- Taxes +€21,503
new in 2025: €21,503
- Depreciation -€669
down €669 (-13.7%), from €4,897 to €4,228
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 | €69,959 | €117,065 | +€47,107 | +67.3% |
| Fixed assets | 21/28 | €9,693 | €5,465 | -€4,228 | -43.6% |
| Tangible fixed assets | 22/27 | €9,493 | €5,265 | -€4,228 | -44.5% |
| Plant, machinery and equipment | 23 | €2,526 | €1,640 | -€886 | -35.1% |
| Furniture and vehicles | 24 | €6,968 | €3,625 | -€3,343 | -48.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €60,266 | €111,600 | +€51,335 | +85.2% |
| Amounts receivable within one year | 40/41 | €60,247 | €108,323 | +€48,075 | +79.8% |
| Trade receivables | 40 | €2,451 | €2,121 | -€329 | -13.4% |
| Other amounts receivable | 41 | €57,797 | €106,201 | +€48,405 | +83.8% |
| Cash at bank and in hand | 54/58 | €18 | €3,278 | +€3,260 | +17,950% |
| Total equity and liabilities | 10/49 | €69,959 | €117,065 | +€47,107 | +67.3% |
| Equity | 10/15 | €34,269 | €64,837 | +€30,568 | +89.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,636 | €53,204 | +€30,568 | +135% |
| Distributable reserves | 133 | €22,636 | €53,204 | +€30,568 | +135% |
| Profit (loss) carried forward | 14 | -€6,966 | -€6,966 | = | 0.0% |
| Amounts payable | 17/49 | €35,690 | €52,228 | +€16,538 | +46.3% |
| Amounts payable within one year | 42/48 | €35,690 | €52,228 | +€16,538 | +46.3% |
| Financial debts | 43 | €6,222 | - | -€6,222 | |
| Credit institutions | 430/8 | €6,222 | - | -€6,222 | |
| Trade debts | 44 | €6,189 | €2,474 | -€3,715 | -60.0% |
| Suppliers | 440/4 | €6,189 | €2,474 | -€3,715 | -60.0% |
| Taxes, remuneration and social security | 45 | €3,280 | €34,756 | +€31,476 | +960% |
| Taxes | 450/3 | €3,280 | €34,756 | +€31,476 | +960% |
| Other amounts payable | 47/48 | €19,998 | €14,998 | -€5,000 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,897 | €4,228 | -€669 | -13.7% |
| Other operating charges | 640/8 | €716 | €150 | -€566 | -79.1% |
| Gross operating margin | 9900 | -€409 | €57,064 | +€57,474 | |
| Operating profit (loss) | 9901 | -€6,023 | €52,686 | +€58,709 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €944 | €615 | -€328 | -34.8% |
| Recurring financial charges | 65 | €944 | €615 | -€328 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,966 | €52,071 | +€59,037 | |
| Income taxes | 67/77 | - | €21,503 | +€21,503 | |
| Profit (loss) for the period | 9904 | -€6,966 | €30,568 | +€37,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,966 | €30,568 | +€37,535 |
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 21 October 2026 via checked.be.