BRANDQUOTE: what changed
Two fiscal 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.
BRANDQUOTE
Largest movements
- Cash -€11,631
down €11,631 (-42.5%), from €27,371 to €15,741
mainly Contributions, distributions and other (-€43,000) and Receivables within one year (-€11,410)
- Receivables within one year +€11,410
up €11,410 (+23.7%), from €48,232 to €59,642
of which Other amounts receivable: +€9,917
- Tangible fixed assets +€1,998
up €1,998 (+30.3%), from €6,585 to €8,583
of which Furniture and vehicles: +€1,998
- Tax, wage and social debts -€2,731
down €2,731 (-16.1%), from €16,967 to €14,236
of which Taxes: -€2,731
- Other debts +€2,500
up €2,500 (+6.2%), from €40,500 to €43,000
- Trade debts +€2,018
up €2,018 (+86.7%), from €2,327 to €4,346
- Depreciation -€4,371
no longer reported in 2025 (was €4,371)
- Taxes +€1,270
up €1,270 (+12.1%), from €10,468 to €11,739
- Financial income +€1,059
up €1,059 (+128.5%), from €824 to €1,883
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 | €83,066 | €84,694 | +€1,628 | +2.0% |
| Fixed assets | 21/28 | €6,610 | €8,608 | +€1,998 | +30.2% |
| Tangible fixed assets | 22/27 | €6,585 | €8,583 | +€1,998 | +30.3% |
| Furniture and vehicles | 24 | €5,420 | €7,418 | +€1,998 | +36.9% |
| Leasing and similar rights | 25 | €1,165 | €1,165 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €76,456 | €76,086 | -€370 | -0.5% |
| Amounts receivable within one year | 40/41 | €48,232 | €59,642 | +€11,410 | +23.7% |
| Trade receivables | 40 | €18,453 | €19,946 | +€1,493 | +8.1% |
| Other amounts receivable | 41 | €29,780 | €39,697 | +€9,917 | +33.3% |
| Cash at bank and in hand | 54/58 | €27,371 | €15,741 | -€11,631 | -42.5% |
| Deferred charges and accrued income | 490/1 | €853 | €703 | -€150 | -17.6% |
| Total equity and liabilities | 10/49 | €83,066 | €84,694 | +€1,628 | +2.0% |
| Equity | 10/15 | €20,704 | €20,553 | -€151 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244 | €93 | -€151 | -62.1% |
| Amounts payable | 17/49 | €62,362 | €64,142 | +€1,779 | +2.9% |
| Amounts payable within one year | 42/48 | €62,362 | €64,142 | +€1,779 | +2.9% |
| Financial debts | 43 | €2,568 | €2,560 | -€8 | -0.3% |
| Credit institutions | 430/8 | €2,568 | €2,560 | -€8 | -0.3% |
| Trade debts | 44 | €2,327 | €4,346 | +€2,018 | +86.7% |
| Suppliers | 440/4 | €2,327 | €4,346 | +€2,018 | +86.7% |
| Taxes, remuneration and social security | 45 | €16,967 | €14,236 | -€2,731 | -16.1% |
| Taxes | 450/3 | €12,967 | €10,236 | -€2,731 | -21.1% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €40,500 | €43,000 | +€2,500 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,371 | - | -€4,371 | |
| Other operating charges | 640/8 | €855 | €465 | -€389 | -45.5% |
| Gross operating margin | 9900 | €56,863 | €56,526 | -€337 | -0.6% |
| Operating profit (loss) | 9901 | €51,637 | €56,061 | +€4,423 | +8.6% |
| Financial income | 75/76B | €824 | €1,883 | +€1,059 | +128.5% |
| Recurring financial income | 75 | €824 | €1,883 | +€1,059 | +128.5% |
| Financial charges | 65/66B | €3,598 | €3,356 | -€242 | -6.7% |
| Recurring financial charges | 65 | €3,598 | €3,356 | -€242 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €48,863 | €54,587 | +€5,724 | +11.7% |
| Income taxes | 67/77 | €10,468 | €11,739 | +€1,270 | +12.1% |
| Profit (loss) for the period | 9904 | €38,395 | €42,849 | +€4,454 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,395 | €42,849 | +€4,454 | +11.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.