brandheijde: 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.
brandheijde
Largest movements
- Tangible fixed assets +€6,870
up €6,870 (+7.1%), from €96,404 to €103,274
of which Other tangible fixed assets: +€14,000
- Cash +€6,335
up €6,335 (+98.9%), from €6,408 to €12,743
mainly Net result for the year (+€12,002) and Debts after one year (+€10,164)
- Receivables within one year -€2,233
down €2,233 (-7.9%), from €28,320 to €26,086
of which Trade receivables: -€1,229
- Trade debts -€28,743
down €28,743 (-77.5%), from €37,095 to €8,351
- Profit (loss) carried forward +€10,389
no longer reported in 2025 (was -€10,389)
- Debts after one year +€10,164
new in 2025: €10,164
- Tax, wage and social debts +€7,930
up €7,930 (+98.0%), from €8,090 to €16,020
- Other debts +€7,264
up €7,264 (+9.5%), from €76,247 to €83,511
- Gross operating margin +€8,281
up €8,281 (+45.0%), from €18,422 to €26,702
- Taxes +€3,602
up €3,602 (+168.5%), from €2,138 to €5,740
- Other operating charges -€2,197
down €2,197 (-70.6%), from €3,112 to €915
- Financial charges +€688
up €688 (+302.3%), from €228 to €915
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 | €131,493 | €142,465 | +€10,972 | +8.3% |
| Fixed assets | 21/28 | €96,404 | €103,274 | +€6,870 | +7.1% |
| Tangible fixed assets | 22/27 | €96,404 | €103,274 | +€6,870 | +7.1% |
| Land and buildings | 22 | €21,276 | €18,758 | -€2,519 | -11.8% |
| Plant, machinery and equipment | 23 | €3,152 | €1,875 | -€1,277 | -40.5% |
| Furniture and vehicles | 24 | €5,883 | €2,549 | -€3,335 | -56.7% |
| Other tangible fixed assets | 26 | €66,093 | €80,093 | +€14,000 | +21.2% |
| Current assets | 29/58 | €35,089 | €39,191 | +€4,102 | +11.7% |
| Stocks and contracts in progress | 3 | €361 | €361 | = | 0.0% |
| Stocks | 30/36 | €361 | €361 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,320 | €26,086 | -€2,233 | -7.9% |
| Trade receivables | 40 | €27,316 | €26,086 | -€1,229 | -4.5% |
| Other amounts receivable | 41 | €1,004 | - | -€1,004 | |
| Cash at bank and in hand | 54/58 | €6,408 | €12,743 | +€6,335 | +98.9% |
| Total equity and liabilities | 10/49 | €131,493 | €142,465 | +€10,972 | +8.3% |
| Equity | 10/15 | €10,062 | €22,064 | +€12,002 | +119.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €3,472 | +€1,613 | +86.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €1,613 | +€1,613 | |
| Profit (loss) carried forward | 14 | -€10,389 | - | +€10,389 | |
| Amounts payable | 17/49 | €121,431 | €120,401 | -€1,030 | -0.8% |
| Amounts payable after more than one year | 17 | - | €10,164 | +€10,164 | |
| Financial debts | 170/4 | - | €10,164 | +€10,164 | |
| Amounts payable within one year | 42/48 | €121,431 | €110,237 | -€11,194 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | - | €2,355 | +€2,355 | |
| Trade debts | 44 | €37,095 | €8,351 | -€28,743 | -77.5% |
| Suppliers | 440/4 | €37,095 | €8,351 | -€28,743 | -77.5% |
| Taxes, remuneration and social security | 45 | €8,090 | €16,020 | +€7,930 | +98.0% |
| Taxes | 450/3 | €8,090 | €16,020 | +€7,930 | +98.0% |
| Other amounts payable | 47/48 | €76,247 | €83,511 | +€7,264 | +9.5% |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,147 | €7,130 | -€17 | -0.2% |
| Other operating charges | 640/8 | €3,112 | €915 | -€2,197 | -70.6% |
| Gross operating margin | 9900 | €18,422 | €26,702 | +€8,281 | +45.0% |
| Operating profit (loss) | 9901 | €8,163 | €18,657 | +€10,495 | +128.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €228 | €915 | +€688 | +302.3% |
| Recurring financial charges | 65 | €228 | €915 | +€688 | +302.3% |
| Profit (loss) for the period before taxes | 9903 | €7,936 | €17,742 | +€9,806 | +123.6% |
| Income taxes | 67/77 | €2,138 | €5,740 | +€3,602 | +168.5% |
| Profit (loss) for the period | 9904 | €5,799 | €12,002 | +€6,203 | +107.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,799 | €12,002 | +€6,203 | +107.0% |
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 11 October 2026 via checked.be.