BRANDLE: 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.
BRANDLE
Largest movements
- Receivables within one year -€63,140
down €63,140 (-12.1%), from €523,863 to €460,723
of which Trade receivables: -€63,615
- Trade debts -€208,425
down €208,425 (-42.9%), from €485,741 to €277,316
- Other debts +€147,762
up €147,762 (+13.8%), from €1.1m to €1.2m
- Tax, wage and social debts +€29,558
up €29,558 (+33.4%), from €88,490 to €118,047
of which Taxes: +€39,050
- Short-term financial debts -€18,011
down €18,011 (-9.8%), from €184,119 to €166,108
- Profit (loss) carried forward -€16,719
down €16,719 (-0.9%), from -€1.8m to -€1.8m
- Gross operating margin +€408,972
up €408,972 (+176%), from €232,160 to €641,132
- Staff costs +€26,058
up €26,058 (+4.5%), from €583,331 to €609,389
- Financial charges +€18,243
up €18,243 (+72.8%), from €25,059 to €43,302
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,665 | €479,829 | -€65,836 | -12.1% |
| Fixed assets | 21/28 | €6,315 | €4,082 | -€2,233 | -35.4% |
| Tangible fixed assets | 22/27 | €6,315 | €4,082 | -€2,233 | -35.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,315 | €4,082 | -€2,233 | -35.4% |
| Current assets | 29/58 | €539,351 | €475,747 | -€63,603 | -11.8% |
| Amounts receivable within one year | 40/41 | €523,863 | €460,723 | -€63,140 | -12.1% |
| Trade receivables | 40 | €514,855 | €451,240 | -€63,615 | -12.4% |
| Other amounts receivable | 41 | €9,008 | €9,483 | +€476 | +5.3% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €15,487 | €15,024 | -€463 | -3.0% |
| Total equity and liabilities | 10/49 | €545,665 | €479,829 | -€65,836 | -12.1% |
| Equity | 10/15 | -€1,286,989 | -€1,303,709 | -€16,719 | -1.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €472,856 | €472,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €466,658 | €466,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,821,818 | -€1,838,538 | -€16,719 | -0.9% |
| Amounts payable | 17/49 | €1,832,654 | €1,783,538 | -€49,117 | -2.7% |
| Amounts payable within one year | 42/48 | €1,832,654 | €1,783,538 | -€49,117 | -2.7% |
| Financial debts | 43 | €184,119 | €166,108 | -€18,011 | -9.8% |
| Credit institutions | 430/8 | €184,119 | €166,108 | -€18,011 | -9.8% |
| Trade debts | 44 | €485,741 | €277,316 | -€208,425 | -42.9% |
| Suppliers | 440/4 | €485,741 | €277,316 | -€208,425 | -42.9% |
| Taxes, remuneration and social security | 45 | €88,490 | €118,047 | +€29,558 | +33.4% |
| Taxes | 450/3 | €20,130 | €59,181 | +€39,050 | +194% |
| Remuneration and social security | 454/9 | €68,359 | €58,867 | -€9,493 | -13.9% |
| Other amounts payable | 47/48 | €1,074,305 | €1,222,067 | +€147,762 | +13.8% |
| Remuneration, social security and pensions | 62 | €583,331 | €609,389 | +€26,058 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,823 | €4,636 | -€187 | -3.9% |
| Other operating charges | 640/8 | €1,176 | €1,607 | +€431 | +36.6% |
| Gross operating margin | 9900 | €232,160 | €641,132 | +€408,972 | +176% |
| Operating profit (loss) | 9901 | -€357,170 | €25,500 | +€382,670 | |
| Financial income | 75/76B | €5,313 | €1,353 | -€3,959 | -74.5% |
| Recurring financial income | 75 | €5,313 | €1,353 | -€3,959 | -74.5% |
| Financial charges | 65/66B | €25,059 | €43,302 | +€18,243 | +72.8% |
| Recurring financial charges | 65 | €25,059 | €43,302 | +€18,243 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | -€376,917 | -€16,449 | +€360,468 | +95.6% |
| Income taxes | 67/77 | €270 | €270 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€377,187 | -€16,719 | +€360,468 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€377,187 | -€16,719 | +€360,468 | +95.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.