Brands BeLux: 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.
Brands BeLux
Largest movements
- Stocks and contracts +€35,347
up €35,347 (+65.5%), from €53,943 to €89,290
- Trade debts +€25,466
up €25,466 (+16.5%), from €154,396 to €179,862
- Tax, wage and social debts +€8,385
up €8,385 (+17.1%), from €49,068 to €57,453
- Reserves -€5,867
down €5,867 (-2.7%), from €214,064 to €208,197
of which Distributable reserves: -€5,867
- Write-downs -€63,049
down €63,049 (-1,854%), from -€3,400 to -€66,449
- Gross operating margin -€31,284
down €31,284 (-53.5%), from -€58,514 to -€89,798
- Financial income -€9,246
down €9,246 (-32.2%), from €28,683 to €19,437
From the 31-03-2025 result to the 31-12-2025 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 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €500,027 | €527,861 | +€27,834 | +5.6% |
| Fixed assets | 21/28 | €698 | €698 | = | 0.0% |
| Financial fixed assets | 28 | €698 | €698 | = | 0.0% |
| Current assets | 29/58 | €499,329 | €527,163 | +€27,834 | +5.6% |
| Stocks and contracts in progress | 3 | €53,943 | €89,290 | +€35,347 | +65.5% |
| Stocks | 30/36 | €53,943 | €89,290 | +€35,347 | +65.5% |
| Amounts receivable within one year | 40/41 | €426,012 | €422,496 | -€3,515 | -0.8% |
| Trade receivables | 40 | €313,236 | €334,308 | +€21,072 | +6.7% |
| Other amounts receivable | 41 | €112,776 | €88,188 | -€24,587 | -21.8% |
| Cash at bank and in hand | 54/58 | €17,203 | €14,124 | -€3,078 | -17.9% |
| Deferred charges and accrued income | 490/1 | €2,172 | €1,252 | -€920 | -42.4% |
| Total equity and liabilities | 10/49 | €500,027 | €527,861 | +€27,834 | +5.6% |
| Equity | 10/15 | €289,064 | €283,197 | -€5,867 | -2.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €214,064 | €208,197 | -€5,867 | -2.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €206,564 | €200,697 | -€5,867 | -2.8% |
| Amounts payable | 17/49 | €210,963 | €244,664 | +€33,701 | +16.0% |
| Amounts payable within one year | 42/48 | €210,963 | €244,664 | +€33,701 | +16.0% |
| Trade debts | 44 | €154,396 | €179,862 | +€25,466 | +16.5% |
| Suppliers | 440/4 | €154,396 | €179,862 | +€25,466 | +16.5% |
| Taxes, remuneration and social security | 45 | €49,068 | €57,453 | +€8,385 | +17.1% |
| Taxes | 450/3 | €49,068 | €57,453 | +€8,385 | +17.1% |
| Other amounts payable | 47/48 | €7,499 | €7,348 | -€151 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,400 | -€66,449 | -€63,049 | -1,854% |
| Other operating charges | 640/8 | €185 | €120 | -€65 | -35.0% |
| Gross operating margin | 9900 | -€58,514 | -€89,798 | -€31,284 | -53.5% |
| Operating profit (loss) | 9901 | -€55,299 | -€23,469 | +€31,829 | +57.6% |
| Financial income | 75/76B | €28,683 | €19,437 | -€9,246 | -32.2% |
| Recurring financial income | 75 | €28,683 | €19,437 | -€9,246 | -32.2% |
| Financial charges | 65/66B | €2,067 | €1,835 | -€232 | -11.2% |
| Recurring financial charges | 65 | €2,067 | €1,835 | -€232 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,683 | -€5,867 | +€22,815 | +79.5% |
| Profit (loss) for the period | 9904 | -€28,683 | -€5,867 | +€22,815 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,683 | -€5,867 | +€22,815 | +79.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.