Brands L: 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 L
Largest movements
- Receivables within one year +€131,061
up €131,061 (+18.9%), from €692,996 to €824,057
of which Other amounts receivable: +€67,485
- Tangible fixed assets -€25,336
down €25,336 (-6.8%), from €373,326 to €347,990
of which Furniture and vehicles: -€41,887
- Reserves +€46,928
up €46,928 (+13.9%), from €338,741 to €385,668
of which Distributable reserves: +€49,861
- Debts after one year +€43,947
new in 2025: €43,947
- Current portion of long-term debt +€26,720
new in 2025: €26,720
- Trade debts -€25,730
down €25,730 (-4.3%), from €595,849 to €570,119
- Tax, wage and social debts -€12,659
down €12,659 (-11.8%), from €107,211 to €94,552
of which Taxes: -€31,003
- Gross operating margin -€50,953
down €50,953 (-19.5%), from €261,634 to €210,681
- Staff costs +€38,560
new in 2025: €38,560
- Financial charges +€21,664
up €21,664 (+184%), from €11,789 to €33,453
- Depreciation -€19,269
down €19,269 (-26.7%), from €72,194 to €52,925
- Write-downs -€14,328
down €14,328 (-100%), from €14,328 to €0
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 | €1,082,248 | €1,182,433 | +€100,185 | +9.3% |
| Fixed assets | 21/28 | €383,711 | €358,375 | -€25,336 | -6.6% |
| Tangible fixed assets | 22/27 | €373,326 | €347,990 | -€25,336 | -6.8% |
| Plant, machinery and equipment | 23 | €290,849 | €253,340 | -€37,509 | -12.9% |
| Furniture and vehicles | 24 | €82,477 | €40,590 | -€41,887 | -50.8% |
| Leasing and similar rights | 25 | - | €45,134 | +€45,134 | |
| Other tangible fixed assets | 26 | - | €8,926 | +€8,926 | |
| Financial fixed assets | 28 | €10,385 | €10,385 | = | 0.0% |
| Current assets | 29/58 | €698,537 | €824,058 | +€125,521 | +18.0% |
| Amounts receivable within one year | 40/41 | €692,996 | €824,057 | +€131,061 | +18.9% |
| Trade receivables | 40 | €174,394 | €237,970 | +€63,575 | +36.5% |
| Other amounts receivable | 41 | €518,602 | €586,088 | +€67,485 | +13.0% |
| Cash at bank and in hand | 54/58 | €4 | €1 | -€3 | -85.4% |
| Deferred charges and accrued income | 490/1 | €5,536 | €0 | -€5,536 | -100% |
| Total equity and liabilities | 10/49 | €1,082,248 | €1,182,433 | +€100,185 | +9.3% |
| Equity | 10/15 | €368,741 | €415,668 | +€46,928 | +12.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €338,741 | €385,668 | +€46,928 | +13.9% |
| Non-distributable reserves | 130/1 | €2,933 | €0 | -€2,933 | -100% |
| Reserves not available under the articles | 1311 | €2,933 | €0 | -€2,933 | -100% |
| Distributable reserves | 133 | €335,808 | €385,668 | +€49,861 | +14.8% |
| Amounts payable | 17/49 | €713,507 | €766,765 | +€53,258 | +7.5% |
| Amounts payable after more than one year | 17 | - | €43,947 | +€43,947 | |
| Financial debts | 170/4 | - | €43,947 | +€43,947 | |
| Amounts payable within one year | 42/48 | €707,907 | €717,218 | +€9,311 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | - | €26,720 | +€26,720 | |
| Financial debts | 43 | €4,848 | €15,394 | +€10,546 | +218% |
| Credit institutions | 430/8 | €4,848 | €15,394 | +€10,546 | +218% |
| Trade debts | 44 | €595,849 | €570,119 | -€25,730 | -4.3% |
| Suppliers | 440/4 | €595,849 | €570,119 | -€25,730 | -4.3% |
| Taxes, remuneration and social security | 45 | €107,211 | €94,552 | -€12,659 | -11.8% |
| Taxes | 450/3 | €105,189 | €74,186 | -€31,003 | -29.5% |
| Remuneration and social security | 454/9 | €2,022 | €20,366 | +€18,344 | +907% |
| Other amounts payable | 47/48 | - | €10,433 | +€10,433 | |
| Accrued charges and deferred income | 492/3 | €5,600 | €5,600 | = | 0.0% |
| Non-recurring operating income | 76A | - | €81,284 | +€81,284 | |
| Remuneration, social security and pensions | 62 | - | €38,560 | +€38,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,194 | €52,925 | -€19,269 | -26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,328 | €0 | -€14,328 | -100% |
| Other operating charges | 640/8 | €11,199 | €8,579 | -€2,621 | -23.4% |
| Non-recurring operating charges | 66A | - | €24,117 | +€24,117 | |
| Gross operating margin | 9900 | €261,634 | €210,681 | -€50,953 | -19.5% |
| Operating profit (loss) | 9901 | €163,913 | €86,501 | -€77,412 | -47.2% |
| Financial income | 75/76B | €19,129 | €28,492 | +€9,363 | +48.9% |
| Recurring financial income | 75 | €19,129 | €28,492 | +€9,363 | +48.9% |
| Financial charges | 65/66B | €11,789 | €33,453 | +€21,664 | +184% |
| Recurring financial charges | 65 | €11,789 | €33,453 | +€21,664 | +184% |
| Profit (loss) for the period before taxes | 9903 | €171,253 | €81,539 | -€89,714 | -52.4% |
| Income taxes | 67/77 | €46,360 | €34,612 | -€11,748 | -25.3% |
| Profit (loss) for the period | 9904 | €124,893 | €46,928 | -€77,966 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €124,893 | €46,928 | -€77,966 | -62.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.