BRANDO: 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.
BRANDO
Largest movements
- Tangible fixed assets -€31,752
down €31,752 (-5.0%), from €638,106 to €606,354
of which Land and buildings: -€31,482
- Debts after one year -€23,505
down €23,505 (-7.0%), from €333,850 to €310,345
- Profit (loss) carried forward -€6,845
down €6,845 (-5.3%), from -€128,641 to -€135,486
- Gross operating margin -€2,701
down €2,701 (-4.7%), from €57,116 to €54,415
- Financial charges -€2,630
down €2,630 (-9.5%), from €27,668 to €25,038
- Other operating charges +€1,792
up €1,792 (+66.9%), from €2,678 to €4,470
- Depreciation +€1,194
up €1,194 (+3.9%), from €30,558 to €31,752
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 | €658,442 | €632,241 | -€26,200 | -4.0% |
| Fixed assets | 21/28 | €638,106 | €606,354 | -€31,752 | -5.0% |
| Tangible fixed assets | 22/27 | €638,106 | €606,354 | -€31,752 | -5.0% |
| Land and buildings | 22 | €637,064 | €605,583 | -€31,482 | -4.9% |
| Furniture and vehicles | 24 | €1,042 | €772 | -€270 | -25.9% |
| Current assets | 29/58 | €20,336 | €25,887 | +€5,551 | +27.3% |
| Amounts receivable within one year | 40/41 | €5,166 | €9,134 | +€3,968 | +76.8% |
| Trade receivables | 40 | €4,694 | €7,623 | +€2,929 | +62.4% |
| Other amounts receivable | 41 | €472 | €1,511 | +€1,039 | +220% |
| Cash at bank and in hand | 54/58 | €15,170 | €16,754 | +€1,584 | +10.4% |
| Total equity and liabilities | 10/49 | €658,442 | €632,241 | -€26,200 | -4.0% |
| Equity | 10/15 | €71,359 | €64,514 | -€6,845 | -9.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,641 | -€135,486 | -€6,845 | -5.3% |
| Amounts payable | 17/49 | €587,082 | €567,728 | -€19,355 | -3.3% |
| Amounts payable after more than one year | 17 | €333,850 | €310,345 | -€23,505 | -7.0% |
| Financial debts | 170/4 | €333,850 | €310,345 | -€23,505 | -7.0% |
| Amounts payable within one year | 42/48 | €253,232 | €257,383 | +€4,151 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €22,767 | €23,505 | +€738 | +3.2% |
| Trade debts | 44 | €8,563 | €9,044 | +€481 | +5.6% |
| Suppliers | 440/4 | €8,563 | €9,044 | +€481 | +5.6% |
| Taxes, remuneration and social security | 45 | €10,674 | €14,922 | +€4,248 | +39.8% |
| Taxes | 450/3 | €10,674 | €14,922 | +€4,248 | +39.8% |
| Other amounts payable | 47/48 | €211,228 | €209,912 | -€1,316 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,558 | €31,752 | +€1,194 | +3.9% |
| Other operating charges | 640/8 | €2,678 | €4,470 | +€1,792 | +66.9% |
| Gross operating margin | 9900 | €57,116 | €54,415 | -€2,701 | -4.7% |
| Operating profit (loss) | 9901 | €23,880 | €18,193 | -€5,688 | -23.8% |
| Financial charges | 65/66B | €27,668 | €25,038 | -€2,630 | -9.5% |
| Recurring financial charges | 65 | €27,668 | €25,038 | -€2,630 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,788 | -€6,845 | -€3,057 | -80.7% |
| Profit (loss) for the period | 9904 | -€3,788 | -€6,845 | -€3,057 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,788 | -€6,845 | -€3,057 | -80.7% |
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 15 October 2026 via checked.be.