Brands On: 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 On
Largest movements
- Receivables within one year -€342,548
down €342,548 (-15.7%), from €2.2m to €1.8m
of which Trade receivables: -€648,089
- Deferred charges and accrued income -€317,978
down €317,978 (-93.3%), from €340,768 to €22,790
- Tangible fixed assets -€214,200
down €214,200 (-32.1%), from €667,160 to €452,960
of which Other tangible fixed assets: -€174,740
- Stocks and contracts +€204,453
up €204,453 (+66.0%), from €309,601 to €514,054
- Current investments +€142,032
up €142,032 (+62,295%), from €228 to €142,260
- Trade debts -€376,603
down €376,603 (-52.2%), from €722,000 to €345,397
- Debts after one year -€248,333
down €248,333 (-32.6%), from €761,337 to €513,004
of which Other amounts payable: -€130,000
- Short-term financial debts +€227,356
up €227,356 (+22.5%), from €1.0m to €1.2m
- Current portion of long-term debt -€205,285
down €205,285 (-66.9%), from €306,985 to €101,700
- Other debts +€142,260
up €142,260, from €0 to €142,260
- Gross operating margin +€294,119
up €294,119 (+32.1%), from €915,460 to €1.2m
- Depreciation +€75,128
up €75,128 (+24.5%), from €306,395 to €381,523
- Financial charges -€51,326
down €51,326 (-26.2%), from €195,809 to €144,484
- Taxes +€43,448
up €43,448 (+3,849%), from €1,129 to €44,577
- Staff costs +€15,762
up €15,762 (+2.9%), from €535,492 to €551,253
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 | €5,780,542 | €5,435,997 | -€344,545 | -6.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,181,370 | €2,029,575 | -€151,795 | -7.0% |
| Intangible fixed assets | 21 | €30,017 | €36,165 | +€6,147 | +20.5% |
| Tangible fixed assets | 22/27 | €667,160 | €452,960 | -€214,200 | -32.1% |
| Land and buildings | 22 | €35,658 | €31,559 | -€4,099 | -11.5% |
| Plant, machinery and equipment | 23 | €150,882 | €115,747 | -€35,134 | -23.3% |
| Furniture and vehicles | 24 | €819 | €593 | -€226 | -27.6% |
| Other tangible fixed assets | 26 | €479,801 | €305,061 | -€174,740 | -36.4% |
| Financial fixed assets | 28 | €1,484,193 | €1,540,451 | +€56,258 | +3.8% |
| Current assets | 29/58 | €3,599,172 | €3,406,422 | -€192,750 | -5.4% |
| Amounts receivable after more than one year | 29 | €605,928 | €630,055 | +€24,127 | +4.0% |
| Other amounts receivable | 291 | €605,928 | €630,055 | +€24,127 | +4.0% |
| Stocks and contracts in progress | 3 | €309,601 | €514,054 | +€204,453 | +66.0% |
| Stocks | 30/36 | €309,601 | €514,054 | +€204,453 | +66.0% |
| Amounts receivable within one year | 40/41 | €2,175,592 | €1,833,045 | -€342,548 | -15.7% |
| Trade receivables | 40 | €2,169,719 | €1,521,631 | -€648,089 | -29.9% |
| Other amounts receivable | 41 | €5,873 | €311,414 | +€305,541 | +5,202% |
| Current investments | 50/53 | €228 | €142,260 | +€142,032 | +62,295% |
| Cash at bank and in hand | 54/58 | €167,055 | €264,218 | +€97,163 | +58.2% |
| Deferred charges and accrued income | 490/1 | €340,768 | €22,790 | -€317,978 | -93.3% |
| Total equity and liabilities | 10/49 | €5,780,542 | €5,435,997 | -€344,545 | -6.0% |
| Equity | 10/15 | €2,468,389 | €2,601,975 | +€133,586 | +5.4% |
| Contributions | 10/11 | €1,634,026 | €1,634,026 | = | 0.0% |
| Capital | 10 | €1,634,026 | €1,634,026 | = | 0.0% |
| Issued capital | 100 | €1,634,026 | €1,634,026 | = | 0.0% |
| Reserves | 13 | €834,363 | €967,949 | +€133,586 | +16.0% |
| Non-distributable reserves | 130/1 | €32,421 | €181,361 | +€148,940 | +459% |
| Legal reserve | 130 | €32,421 | €39,100 | +€6,679 | +20.6% |
| Own shares acquired | 1312 | €0 | €142,260 | +€142,260 | |
| Distributable reserves | 133 | €801,942 | €786,588 | -€15,354 | -1.9% |
| Amounts payable | 17/49 | €3,312,152 | €2,834,022 | -€478,131 | -14.4% |
| Amounts payable after more than one year | 17 | €761,337 | €513,004 | -€248,333 | -32.6% |
| Financial debts | 170/4 | €238,333 | €120,000 | -€118,333 | -49.7% |
| Other amounts payable | 178/9 | €523,004 | €393,004 | -€130,000 | -24.9% |
| Amounts payable within one year | 42/48 | €2,141,162 | €1,968,994 | -€172,168 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €306,985 | €101,700 | -€205,285 | -66.9% |
| Financial debts | 43 | €1,008,684 | €1,236,039 | +€227,356 | +22.5% |
| Credit institutions | 430/8 | €1,008,684 | €1,236,039 | +€227,356 | +22.5% |
| Trade debts | 44 | €722,000 | €345,397 | -€376,603 | -52.2% |
| Suppliers | 440/4 | €722,000 | €345,397 | -€376,603 | -52.2% |
| Taxes, remuneration and social security | 45 | €103,493 | €143,597 | +€40,104 | +38.8% |
| Taxes | 450/3 | €26,101 | €69,202 | +€43,100 | +165% |
| Remuneration and social security | 454/9 | €77,392 | €74,395 | -€2,996 | -3.9% |
| Other amounts payable | 47/48 | €0 | €142,260 | +€142,260 | |
| Accrued charges and deferred income | 492/3 | €409,653 | €352,024 | -€57,629 | -14.1% |
| Remuneration, social security and pensions | 62 | €535,492 | €551,253 | +€15,762 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306,395 | €381,523 | +€75,128 | +24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,728 | -€4,715 | -€1,986 | -72.8% |
| Other operating charges | 640/8 | €6,605 | €1,943 | -€4,662 | -70.6% |
| Gross operating margin | 9900 | €915,460 | €1,209,578 | +€294,119 | +32.1% |
| Operating profit (loss) | 9901 | €69,696 | €279,574 | +€209,878 | +301% |
| Financial income | 75/76B | €40,472 | €43,072 | +€2,600 | +6.4% |
| Recurring financial income | 75 | €40,472 | €43,072 | +€2,600 | +6.4% |
| Financial charges | 65/66B | €195,809 | €144,484 | -€51,326 | -26.2% |
| Recurring financial charges | 65 | €195,809 | €144,484 | -€51,326 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€85,641 | €178,163 | +€263,804 | |
| Income taxes | 67/77 | €1,129 | €44,577 | +€43,448 | +3,849% |
| Profit (loss) for the period | 9904 | -€86,770 | €133,586 | +€220,355 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,770 | €133,586 | +€220,355 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.