Brandlove: 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.
Brandlove
Largest movements
- Cash +€5,390
up €5,390 (+102%), from €5,275 to €10,665
mainly Tax, wage and social debts (+€10,902) and Net result for the year (+€9,157)
- Tangible fixed assets -€5,267
down €5,267 (-24.3%), from €21,696 to €16,429
of which Furniture and vehicles: -€3,845
- Receivables within one year +€4,539
up €4,539 (+73.3%), from €6,193 to €10,732
of which Other amounts receivable: +€3,578
- Deferred charges and accrued income +€833
up €833 (+31.9%), from €2,613 to €3,446
- Other debts -€11,551
down €11,551 (-100%), from €11,551 to €0
- Tax, wage and social debts +€10,902
up €10,902 (+5,007%), from €218 to €11,120
- Reserves +€9,157
up €9,157 (+67.8%), from €13,498 to €22,655
- Current portion of long-term debt -€2,073
down €2,073 (-58.3%), from €3,554 to €1,481
- Debts after one year -€1,481
down €1,481 (-100%), from €1,481 to €0
- Gross operating margin +€31,539
up €31,539, from -€7,167 to €24,371
- Taxes +€4,936
up €4,936 (+2,267%), from €218 to €5,154
- Depreciation +€1,907
up €1,907 (+39.9%), from €4,777 to €6,684
- Financial charges -€1,196
down €1,196 (-28.5%), from €4,198 to €3,002
- Other operating charges +€402
up €402 (+340%), from €118 to €520
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 | €35,777 | €41,271 | +€5,494 | +15.4% |
| Fixed assets | 21/28 | €21,696 | €16,429 | -€5,267 | -24.3% |
| Tangible fixed assets | 22/27 | €21,696 | €16,429 | -€5,267 | -24.3% |
| Furniture and vehicles | 24 | €8,551 | €4,705 | -€3,845 | -45.0% |
| Leasing and similar rights | 25 | €6,310 | €4,888 | -€1,422 | -22.5% |
| Other tangible fixed assets | 26 | €6,835 | €6,835 | = | 0.0% |
| Current assets | 29/58 | €14,082 | €24,843 | +€10,761 | +76.4% |
| Amounts receivable within one year | 40/41 | €6,193 | €10,732 | +€4,539 | +73.3% |
| Trade receivables | 40 | €4,700 | €5,660 | +€960 | +20.4% |
| Other amounts receivable | 41 | €1,493 | €5,071 | +€3,578 | +240% |
| Cash at bank and in hand | 54/58 | €5,275 | €10,665 | +€5,390 | +102% |
| Deferred charges and accrued income | 490/1 | €2,613 | €3,446 | +€833 | +31.9% |
| Total equity and liabilities | 10/49 | €35,777 | €41,271 | +€5,494 | +15.4% |
| Equity | 10/15 | €15,998 | €25,155 | +€9,157 | +57.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,498 | €22,655 | +€9,157 | +67.8% |
| Distributable reserves | 133 | €13,498 | €22,655 | +€9,157 | +67.8% |
| Amounts payable | 17/49 | €19,779 | €16,116 | -€3,663 | -18.5% |
| Amounts payable after more than one year | 17 | €1,481 | €0 | -€1,481 | -100% |
| Financial debts | 170/4 | €1,481 | €0 | -€1,481 | -100% |
| Amounts payable within one year | 42/48 | €18,298 | €16,116 | -€2,182 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €3,554 | €1,481 | -€2,073 | -58.3% |
| Financial debts | 43 | €2,018 | €2,101 | +€84 | +4.1% |
| Other loans | 439 | €2,018 | €2,101 | +€84 | +4.1% |
| Trade debts | 44 | €958 | €1,414 | +€457 | +47.7% |
| Suppliers | 440/4 | €958 | €1,414 | +€457 | +47.7% |
| Taxes, remuneration and social security | 45 | €218 | €11,120 | +€10,902 | +5,007% |
| Taxes | 450/3 | €218 | €11,120 | +€10,902 | +5,007% |
| Other amounts payable | 47/48 | €11,551 | €0 | -€11,551 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,777 | €6,684 | +€1,907 | +39.9% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | -€7,167 | €24,371 | +€31,539 | |
| Operating profit (loss) | 9901 | -€12,062 | €17,168 | +€29,229 | |
| Financial income | 75/76B | €0 | €146 | +€145 | +69,271% |
| Recurring financial income | 75 | €0 | €146 | +€145 | +69,271% |
| Financial charges | 65/66B | €4,198 | €3,002 | -€1,196 | -28.5% |
| Recurring financial charges | 65 | €4,198 | €3,002 | -€1,196 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,260 | €14,311 | +€30,571 | |
| Income taxes | 67/77 | €218 | €5,154 | +€4,936 | +2,267% |
| Profit (loss) for the period | 9904 | -€16,477 | €9,157 | +€25,635 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,477 | €9,157 | +€25,635 |
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 30 October 2026 via checked.be.