BRANDON & BRANDA: 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.
BRANDON & BRANDA
Largest movements
- Cash -€66,066
down €66,066 (-82.4%), from €80,132 to €14,066
mainly Trade debts (-€137,128) and Net result for the year (-€55,372)
- Receivables within one year -€14,010
down €14,010 (-5.5%), from €255,595 to €241,585
of which Other amounts receivable: -€43,948
- Stocks and contracts +€14,000
up €14,000 (+34.1%), from €41,000 to €55,000
- Debts after one year +€138,000
new in 2025: €138,000
- Trade debts -€137,128
down €137,128 (-79.2%), from €173,211 to €36,083
- Profit (loss) carried forward -€55,372
down €55,372, from €8 to -€55,364
- Contributions -€25,000
no longer reported in 2025 (was €25,000)
- Accrued charges and deferred income +€10,274
up €10,274 (+479.7%), from €2,142 to €12,416
- Gross operating margin -€84,279
down €84,279 (-41.3%), from €203,943 to €119,664
- Taxes -€14,114
down €14,114 (-95.6%), from €14,764 to €650
- Staff costs -€4,762
down €4,762 (-3.1%), from €153,608 to €148,845
- Other operating charges +€3,684
up €3,684 (+41.2%), from €8,938 to €12,623
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 | €404,848 | €335,559 | -€69,290 | -17.1% |
| Fixed assets | 21/28 | €18,724 | €16,738 | -€1,986 | -10.6% |
| Tangible fixed assets | 22/27 | €16,121 | €16,738 | +€617 | +3.8% |
| Plant, machinery and equipment | 23 | €11,049 | €12,547 | +€1,499 | +13.6% |
| Other tangible fixed assets | 26 | €5,073 | €4,190 | -€882 | -17.4% |
| Financial fixed assets | 28 | €2,603 | - | -€2,603 | |
| Current assets | 29/58 | €386,124 | €318,821 | -€67,303 | -17.4% |
| Stocks and contracts in progress | 3 | €41,000 | €55,000 | +€14,000 | +34.1% |
| Contracts in progress | 37 | €41,000 | €55,000 | +€14,000 | +34.1% |
| Amounts receivable within one year | 40/41 | €255,595 | €241,585 | -€14,010 | -5.5% |
| Trade receivables | 40 | €205,470 | €235,407 | +€29,938 | +14.6% |
| Other amounts receivable | 41 | €50,126 | €6,178 | -€43,948 | -87.7% |
| Cash at bank and in hand | 54/58 | €80,132 | €14,066 | -€66,066 | -82.4% |
| Deferred charges and accrued income | 490/1 | €9,397 | €8,170 | -€1,227 | -13.1% |
| Total equity and liabilities | 10/49 | €404,848 | €335,559 | -€69,290 | -17.1% |
| Equity | 10/15 | €91,483 | €11,111 | -€80,372 | -87.9% |
| Contributions | 10/11 | €25,000 | - | -€25,000 | |
| Reserves | 13 | €66,475 | €66,475 | = | 0.0% |
| Distributable reserves | 133 | €66,475 | €66,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8 | -€55,364 | -€55,372 | |
| Amounts payable | 17/49 | €313,366 | €324,448 | +€11,083 | +3.5% |
| Amounts payable after more than one year | 17 | - | €138,000 | +€138,000 | |
| Other amounts payable | 178/9 | - | €138,000 | +€138,000 | |
| Amounts payable within one year | 42/48 | €311,224 | €174,032 | -€137,192 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €2,050 | - | -€2,050 | |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €173,211 | €36,083 | -€137,128 | -79.2% |
| Suppliers | 440/4 | €173,211 | €36,083 | -€137,128 | -79.2% |
| Taxes, remuneration and social security | 45 | €33,462 | €36,743 | +€3,281 | +9.8% |
| Taxes | 450/3 | €6,145 | €14,856 | +€8,710 | +141.7% |
| Remuneration and social security | 454/9 | €27,317 | €21,888 | -€5,429 | -19.9% |
| Other amounts payable | 47/48 | €2,500 | €1,206 | -€1,295 | -51.8% |
| Accrued charges and deferred income | 492/3 | €2,142 | €12,416 | +€10,274 | +479.7% |
| Remuneration, social security and pensions | 62 | €153,608 | €148,845 | -€4,762 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,981 | €6,225 | +€244 | +4.1% |
| Other operating charges | 640/8 | €8,938 | €12,623 | +€3,684 | +41.2% |
| Gross operating margin | 9900 | €203,943 | €119,664 | -€84,279 | -41.3% |
| Operating profit (loss) | 9901 | €35,416 | -€48,028 | -€83,445 | |
| Financial income | 75/76B | €68 | €84 | +€16 | +24.2% |
| Recurring financial income | 75 | €68 | €84 | +€16 | +24.2% |
| Financial charges | 65/66B | €7,534 | €6,778 | -€756 | -10.0% |
| Recurring financial charges | 65 | €7,534 | €6,778 | -€756 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €27,950 | -€54,722 | -€82,672 | |
| Income taxes | 67/77 | €14,764 | €650 | -€14,114 | -95.6% |
| Profit (loss) for the period | 9904 | €13,186 | -€55,372 | -€68,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,186 | -€55,372 | -€68,558 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.