Brandopia: 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.
Brandopia
Largest movements
- Receivables within one year +€49,686
up €49,686 (+33.5%), from €148,240 to €197,925
of which Other amounts receivable: +€30,134
- Cash +€7,735
up €7,735 (+45.8%), from €16,905 to €24,640
mainly Net result for the year (+€38,034) and Trade debts (+€19,176)
- Reserves +€38,034
up €38,034 (+34.0%), from €111,921 to €149,956
- Trade debts +€19,176
up €19,176 (+2304.9%), from €832 to €20,007
- Tax, wage and social debts +€3,245
up €3,245 (+7.0%), from €46,524 to €49,769
- Other operating charges -€42,954
down €42,954 (-96.1%), from €44,680 to €1,726
- Gross operating margin +€27,421
up €27,421 (+103.7%), from €26,441 to €53,863
- Taxes +€6,821
up €6,821 (+52.8%), from €12,927 to €19,748
- Financial income +€1,489
up €1,489 (+19.7%), from €7,564 to €9,052
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 | €172,213 | €231,096 | +€58,883 | +34.2% |
| Fixed assets | 21/28 | €6,228 | €5,741 | -€488 | -7.8% |
| Tangible fixed assets | 22/27 | €4,428 | €3,941 | -€488 | -11.0% |
| Plant, machinery and equipment | 23 | - | €1,129 | +€1,129 | |
| Furniture and vehicles | 24 | €1,657 | €1,441 | -€216 | -13.0% |
| Leasing and similar rights | 25 | €1,310 | €149 | -€1,160 | -88.6% |
| Other tangible fixed assets | 26 | €1,462 | €1,222 | -€240 | -16.4% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €165,985 | €225,356 | +€59,371 | +35.8% |
| Amounts receivable within one year | 40/41 | €148,240 | €197,925 | +€49,686 | +33.5% |
| Trade receivables | 40 | €0 | €19,552 | +€19,552 | |
| Other amounts receivable | 41 | €148,240 | €178,374 | +€30,134 | +20.3% |
| Cash at bank and in hand | 54/58 | €16,905 | €24,640 | +€7,735 | +45.8% |
| Deferred charges and accrued income | 490/1 | €840 | €2,790 | +€1,950 | +232.0% |
| Total equity and liabilities | 10/49 | €172,213 | €231,096 | +€58,883 | +34.2% |
| Equity | 10/15 | €119,976 | €158,011 | +€38,034 | +31.7% |
| Contributions | 10/11 | €8,055 | €8,055 | = | 0.0% |
| Reserves | 13 | €111,921 | €149,956 | +€38,034 | +34.0% |
| Distributable reserves | 133 | €111,921 | €149,956 | +€38,034 | +34.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €52,237 | €73,086 | +€20,849 | +39.9% |
| Amounts payable within one year | 42/48 | €52,237 | €73,086 | +€20,849 | +39.9% |
| Financial debts | 43 | €4,881 | €3,310 | -€1,572 | -32.2% |
| Other loans | 439 | €4,881 | €3,310 | -€1,572 | -32.2% |
| Trade debts | 44 | €832 | €20,007 | +€19,176 | +2304.9% |
| Suppliers | 440/4 | €832 | €20,007 | +€19,176 | +2304.9% |
| Taxes, remuneration and social security | 45 | €46,524 | €49,769 | +€3,245 | +7.0% |
| Taxes | 450/3 | €46,524 | €49,769 | +€3,245 | +7.0% |
| Non-recurring operating income | 76A | €10,896 | €0 | -€10,896 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,705 | €1,702 | -€3 | -0.2% |
| Other operating charges | 640/8 | €44,680 | €1,726 | -€42,954 | -96.1% |
| Non-recurring operating charges | 66A | €67 | €0 | -€67 | -100.0% |
| Gross operating margin | 9900 | €26,441 | €53,863 | +€27,421 | +103.7% |
| Operating profit (loss) | 9901 | -€20,011 | €50,434 | +€70,445 | |
| Financial income | 75/76B | €7,564 | €9,052 | +€1,489 | +19.7% |
| Recurring financial income | 75 | €7,564 | €9,052 | +€1,489 | +19.7% |
| Financial charges | 65/66B | €1,617 | €1,704 | +€87 | +5.4% |
| Recurring financial charges | 65 | €1,617 | €1,704 | +€87 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,064 | €57,783 | +€71,847 | |
| Income taxes | 67/77 | €12,927 | €19,748 | +€6,821 | +52.8% |
| Profit (loss) for the period | 9904 | -€26,992 | €38,034 | +€65,026 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,992 | €38,034 | +€65,026 |
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 10 October 2026 via checked.be.