BRANDNEWDAY: 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.
BRANDNEWDAY
Largest movements
- Deferred charges and accrued income +€49,867
up €49,867 (+161%), from €30,990 to €80,857
- Receivables within one year -€33,088
down €33,088 (-25.3%), from €130,809 to €97,722
of which Trade receivables: -€37,711
- Cash -€7,276
down €7,276 (-23.4%), from €31,078 to €23,802
mainly Deferred charges and accrued income (-€49,867) and Trade debts (-€9,102)
- Tax, wage and social debts +€18,203
up €18,203 (+109%), from €16,717 to €34,921
of which Taxes: +€24,597
- Trade debts -€9,102
down €9,102 (-15.3%), from €59,324 to €50,223
- Other debts +€6,784
up €6,784 (+5.8%), from €117,910 to €124,695
- Profit (loss) carried forward -€4,485
down €4,485, from €219 to -€4,267
- Purchases and services +€78,968
up €78,968 (+20.6%), from €382,626 to €461,593
- Turnover +€57,559
up €57,559 (+9.5%), from €606,482 to €664,041
- Staff costs -€38,511
down €38,511 (-15.3%), from €250,960 to €212,449
- Gross operating margin -€25,320
down €25,320 (-10.5%), from €242,126 to €216,806
- Financial charges +€9,482
up €9,482 (+676%), from €1,402 to €10,884
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 | €196,031 | €207,431 | +€11,400 | +5.8% |
| Fixed assets | 21/28 | €3,154 | €5,051 | +€1,897 | +60.2% |
| Tangible fixed assets | 22/27 | €3,154 | €5,051 | +€1,897 | +60.2% |
| Furniture and vehicles | 24 | €3,154 | €5,051 | +€1,897 | +60.2% |
| Current assets | 29/58 | €192,877 | €202,381 | +€9,503 | +4.9% |
| Amounts receivable within one year | 40/41 | €130,809 | €97,722 | -€33,088 | -25.3% |
| Trade receivables | 40 | €125,177 | €87,466 | -€37,711 | -30.1% |
| Other amounts receivable | 41 | €5,632 | €10,256 | +€4,623 | +82.1% |
| Cash at bank and in hand | 54/58 | €31,078 | €23,802 | -€7,276 | -23.4% |
| Deferred charges and accrued income | 490/1 | €30,990 | €80,857 | +€49,867 | +161% |
| Total equity and liabilities | 10/49 | €196,031 | €207,431 | +€11,400 | +5.8% |
| Equity | 10/15 | €2,079 | -€2,407 | -€4,485 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219 | -€4,267 | -€4,485 | |
| Amounts payable | 17/49 | €193,952 | €209,838 | +€15,886 | +8.2% |
| Amounts payable within one year | 42/48 | €193,952 | €209,838 | +€15,886 | +8.2% |
| Trade debts | 44 | €59,324 | €50,223 | -€9,102 | -15.3% |
| Suppliers | 440/4 | €59,324 | €50,223 | -€9,102 | -15.3% |
| Taxes, remuneration and social security | 45 | €16,717 | €34,921 | +€18,203 | +109% |
| Taxes | 450/3 | €8,178 | €32,775 | +€24,597 | +301% |
| Remuneration and social security | 454/9 | €8,539 | €2,146 | -€6,394 | -74.9% |
| Other amounts payable | 47/48 | €117,910 | €124,695 | +€6,784 | +5.8% |
| Turnover | 70 | €606,482 | €664,041 | +€57,559 | +9.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €382,626 | €461,593 | +€78,968 | +20.6% |
| Remuneration, social security and pensions | 62 | €250,960 | €212,449 | -€38,511 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €911 | €928 | +€17 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,813 | €2,230 | -€7,583 | -77.3% |
| Other operating charges | 640/8 | - | €602 | +€602 | |
| Operating charges capitalised as restructuring costs | 649 | -€21,000 | -€9,000 | +€12,000 | +57.1% |
| Gross operating margin | 9900 | €242,126 | €216,806 | -€25,320 | -10.5% |
| Operating profit (loss) | 9901 | €1,441 | €9,598 | +€8,156 | +566% |
| Financial income | 75/76B | €3 | €100 | +€97 | +3,267% |
| Recurring financial income | 75 | €3 | €100 | +€97 | +3,267% |
| Financial charges | 65/66B | €1,402 | €10,884 | +€9,482 | +676% |
| Recurring financial charges | 65 | €1,402 | €10,884 | +€9,482 | +676% |
| Profit (loss) for the period before taxes | 9903 | €43 | -€1,187 | -€1,229 | |
| Income taxes | 67/77 | - | €3,299 | +€3,299 | |
| Profit (loss) for the period | 9904 | €43 | -€4,485 | -€4,528 | |
| Profit (loss) for the period to be appropriated | 9905 | €43 | -€4,485 | -€4,528 |
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 28 October 2026 via checked.be.