Branderij: 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.
Branderij
Largest movements
- Receivables within one year +€261,065
up €261,065 (+63.5%), from €411,243 to €672,308
of which Trade receivables: +€259,591
- Intangible fixed assets +€161,000
up €161,000 (+32.2%), from €500,000 to €661,000
- Tangible fixed assets -€31,820
down €31,820 (-24.0%), from €132,426 to €100,605
of which Furniture and vehicles: -€23,020
- Cash +€18,305
up €18,305 (+51.9%), from €35,238 to €53,544
mainly Trade debts (+€299,838) and Depreciation (+€149,386)
- Trade debts +€299,838
up €299,838 (+125.4%), from €239,162 to €539,000
- Other debts +€110,000
up €110,000 (+23.3%), from €472,164 to €582,164
- Tax, wage and social debts +€16,024
up €16,024 (+14.1%), from €113,706 to €129,730
of which Remuneration and social security: +€26,199
- Gross operating margin +€47,238
up €47,238 (+6.4%), from €738,156 to €785,394
- Depreciation +€21,303
up €21,303 (+16.6%), from €128,083 to €149,386
- Staff costs +€9,065
up €9,065 (+1.5%), from €615,840 to €624,905
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 | €1,095,538 | €1,506,454 | +€410,916 | +37.5% |
| Fixed assets | 21/28 | €632,426 | €761,605 | +€129,180 | +20.4% |
| Intangible fixed assets | 21 | €500,000 | €661,000 | +€161,000 | +32.2% |
| Tangible fixed assets | 22/27 | €132,426 | €100,605 | -€31,820 | -24.0% |
| Plant, machinery and equipment | 23 | €63,501 | €48,723 | -€14,778 | -23.3% |
| Furniture and vehicles | 24 | €68,925 | €45,905 | -€23,020 | -33.4% |
| Other tangible fixed assets | 26 | - | €5,978 | +€5,978 | |
| Current assets | 29/58 | €463,112 | €744,849 | +€281,737 | +60.8% |
| Amounts receivable within one year | 40/41 | €411,243 | €672,308 | +€261,065 | +63.5% |
| Trade receivables | 40 | €411,049 | €670,640 | +€259,591 | +63.2% |
| Other amounts receivable | 41 | €194 | €1,668 | +€1,474 | +758.7% |
| Cash at bank and in hand | 54/58 | €35,238 | €53,544 | +€18,305 | +51.9% |
| Deferred charges and accrued income | 490/1 | €16,631 | €18,997 | +€2,366 | +14.2% |
| Total equity and liabilities | 10/49 | €1,095,538 | €1,506,454 | +€410,916 | +37.5% |
| Equity | 10/15 | -€6,923 | -€2,922 | +€4,001 | +57.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,473 | -€21,472 | +€4,001 | +15.7% |
| Amounts payable | 17/49 | €1,102,461 | €1,509,376 | +€406,915 | +36.9% |
| Amounts payable after more than one year | 17 | €257,804 | €250,000 | -€7,804 | -3.0% |
| Financial debts | 170/4 | €7,804 | €0 | -€7,804 | -100.0% |
| Other amounts payable | 178/9 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €842,972 | €1,258,697 | +€415,726 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €17,940 | €7,804 | -€10,137 | -56.5% |
| Trade debts | 44 | €239,162 | €539,000 | +€299,838 | +125.4% |
| Suppliers | 440/4 | €239,162 | €539,000 | +€299,838 | +125.4% |
| Taxes, remuneration and social security | 45 | €113,706 | €129,730 | +€16,024 | +14.1% |
| Taxes | 450/3 | €48,834 | €38,660 | -€10,175 | -20.8% |
| Remuneration and social security | 454/9 | €64,871 | €91,070 | +€26,199 | +40.4% |
| Other amounts payable | 47/48 | €472,164 | €582,164 | +€110,000 | +23.3% |
| Accrued charges and deferred income | 492/3 | €1,685 | €679 | -€1,006 | -59.7% |
| Remuneration, social security and pensions | 62 | €615,840 | €624,905 | +€9,065 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,083 | €149,386 | +€21,303 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €90 | €0 | -€90 | -100.0% |
| Other operating charges | 640/8 | €6,008 | €5,656 | -€352 | -5.9% |
| Gross operating margin | 9900 | €738,156 | €785,394 | +€47,238 | +6.4% |
| Operating profit (loss) | 9901 | -€11,866 | €5,447 | +€17,312 | |
| Financial income | 75/76B | €6 | €819 | +€812 | +13319.0% |
| Recurring financial income | 75 | €6 | €819 | +€812 | +13319.0% |
| Financial charges | 65/66B | €1,708 | €1,406 | -€302 | -17.7% |
| Recurring financial charges | 65 | €1,708 | €1,406 | -€302 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,568 | €4,859 | +€18,427 | |
| Income taxes | 67/77 | €1,213 | €858 | -€355 | -29.3% |
| Profit (loss) for the period | 9904 | -€14,781 | €4,001 | +€18,782 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,781 | €4,001 | +€18,782 |
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 4 October 2026 via checked.be.