BRANDS-RENO: 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-RENO
Largest movements
- Cash -€39,127
down €39,127 (-49.7%), from €78,726 to €39,598
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€5,842)
- Receivables within one year +€5,842
up €5,842 (+75.3%), from €7,753 to €13,595
of which Trade receivables: +€5,481
- Tangible fixed assets -€3,757
down €3,757 (-95.1%), from €3,949 to €192
of which Furniture and vehicles: -€3,427
- Reserves -€86,590
down €86,590 (-82.4%), from €105,104 to €18,514
of which Distributable reserves: -€86,590
- Other debts +€50,000
new in 2025: €50,000
- Current portion of long-term debt -€4,083
no longer reported in 2025 (was €4,083)
- Trade debts +€4,044
up €4,044 (+77.9%), from €5,193 to €9,238
- Gross operating margin -€19,084
down €19,084 (-47.2%), from €40,410 to €21,326
- Taxes -€3,446
down €3,446 (-43.6%), from €7,909 to €4,463
- Depreciation -€2,448
down €2,448 (-39.5%), from €6,205 to €3,757
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 | €139,539 | €102,911 | -€36,628 | -26.2% |
| Fixed assets | 21/28 | €3,949 | €192 | -€3,757 | -95.1% |
| Tangible fixed assets | 22/27 | €3,949 | €192 | -€3,757 | -95.1% |
| Plant, machinery and equipment | 23 | €522 | €192 | -€329 | -63.2% |
| Furniture and vehicles | 24 | €3,427 | - | -€3,427 | |
| Current assets | 29/58 | €135,590 | €102,719 | -€32,871 | -24.2% |
| Stocks and contracts in progress | 3 | €45,154 | €45,157 | +€3 | 0.0% |
| Stocks | 30/36 | - | €752 | +€752 | |
| Contracts in progress | 37 | €45,154 | €44,405 | -€749 | -1.7% |
| Amounts receivable within one year | 40/41 | €7,753 | €13,595 | +€5,842 | +75.3% |
| Trade receivables | 40 | €4,734 | €10,215 | +€5,481 | +116% |
| Other amounts receivable | 41 | €3,019 | €3,380 | +€361 | +12.0% |
| Cash at bank and in hand | 54/58 | €78,726 | €39,598 | -€39,127 | -49.7% |
| Deferred charges and accrued income | 490/1 | €3,957 | €4,368 | +€411 | +10.4% |
| Total equity and liabilities | 10/49 | €139,539 | €102,911 | -€36,628 | -26.2% |
| Equity | 10/15 | €123,704 | €37,114 | -€86,590 | -70.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,104 | €18,514 | -€86,590 | -82.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,244 | €16,654 | -€86,590 | -83.9% |
| Amounts payable | 17/49 | €15,835 | €65,796 | +€49,962 | +316% |
| Amounts payable within one year | 42/48 | €15,835 | €65,796 | +€49,962 | +316% |
| Current portion of amounts payable after more than one year | 42 | €4,083 | - | -€4,083 | |
| Trade debts | 44 | €5,193 | €9,238 | +€4,044 | +77.9% |
| Suppliers | 440/4 | €5,193 | €9,238 | +€4,044 | +77.9% |
| Taxes, remuneration and social security | 45 | €6,559 | €6,559 | = | 0.0% |
| Taxes | 450/3 | €3,409 | €3,409 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,150 | €3,150 | = | 0.0% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Remuneration, social security and pensions | 62 | €146 | - | -€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,205 | €3,757 | -€2,448 | -39.5% |
| Other operating charges | 640/8 | €206 | €120 | -€86 | -41.7% |
| Gross operating margin | 9900 | €40,410 | €21,326 | -€19,084 | -47.2% |
| Operating profit (loss) | 9901 | €33,853 | €17,449 | -€16,404 | -48.5% |
| Financial income | 75/76B | €193 | €544 | +€350 | +181% |
| Recurring financial income | 75 | €193 | €544 | +€350 | +181% |
| Financial charges | 65/66B | €155 | €119 | -€36 | -23.4% |
| Recurring financial charges | 65 | €155 | €119 | -€36 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €33,891 | €17,874 | -€16,017 | -47.3% |
| Income taxes | 67/77 | €7,909 | €4,463 | -€3,446 | -43.6% |
| Profit (loss) for the period | 9904 | €25,982 | €13,410 | -€12,571 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,982 | €13,410 | -€12,571 | -48.4% |
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 16 October 2026 via checked.be.