BRANDSATION: 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.
BRANDSATION
Largest movements
- Cash +€68,639
up €68,639 (+133.1%), from €51,566 to €120,205
mainly Net result for the year (+€75,316) and Other debts (+€29,643)
- Receivables within one year +€3,769
up €3,769 (+20.1%), from €18,760 to €22,529
of which Trade receivables: +€3,635
- Other debts +€29,643
up €29,643 (+115.9%), from €25,566 to €55,209
- Profit (loss) carried forward +€29,110
up €29,110, from -€29,110 to €0
- Reserves +€12,677
up €12,677 (+17.1%), from €73,948 to €86,625
- Tax, wage and social debts +€4,096
up €4,096 (+32.0%), from €12,804 to €16,901
- Gross operating margin +€86,621
up €86,621 (+649.9%), from €13,328 to €99,950
- Taxes +€13,447
up €13,447 (+8999.3%), from €149 to €13,596
- Depreciation +€4,961
up €4,961 (+126.2%), from €3,932 to €8,892
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 | €98,695 | €172,965 | +€74,270 | +75.3% |
| Fixed assets | 21/28 | €27,420 | €28,179 | +€759 | +2.8% |
| Intangible fixed assets | 21 | - | €450 | +€450 | |
| Tangible fixed assets | 22/27 | €27,420 | €27,729 | +€309 | +1.1% |
| Plant, machinery and equipment | 23 | - | €2,513 | +€2,513 | |
| Furniture and vehicles | 24 | €27,420 | €25,216 | -€2,204 | -8.0% |
| Current assets | 29/58 | €71,275 | €144,786 | +€73,511 | +103.1% |
| Amounts receivable within one year | 40/41 | €18,760 | €22,529 | +€3,769 | +20.1% |
| Trade receivables | 40 | €18,760 | €22,395 | +€3,635 | +19.4% |
| Other amounts receivable | 41 | €0 | €134 | +€134 | |
| Current investments | 50/53 | €1 | €1,001 | +€1,000 | +100000.0% |
| Cash at bank and in hand | 54/58 | €51,566 | €120,205 | +€68,639 | +133.1% |
| Deferred charges and accrued income | 490/1 | €948 | €1,052 | +€103 | +10.9% |
| Total equity and liabilities | 10/49 | €98,695 | €172,965 | +€74,270 | +75.3% |
| Equity | 10/15 | €57,238 | €99,025 | +€41,787 | +73.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €73,948 | €86,625 | +€12,677 | +17.1% |
| Distributable reserves | 133 | €73,948 | €86,625 | +€12,677 | +17.1% |
| Profit (loss) carried forward | 14 | -€29,110 | €0 | +€29,110 | |
| Amounts payable | 17/49 | €41,457 | €73,940 | +€32,483 | +78.4% |
| Amounts payable within one year | 42/48 | €39,670 | €72,333 | +€32,664 | +82.3% |
| Financial debts | 43 | €353 | €224 | -€129 | -36.6% |
| Credit institutions | 430/8 | €353 | €224 | -€129 | -36.6% |
| Trade debts | 44 | €947 | €0 | -€947 | -100.0% |
| Suppliers | 440/4 | €947 | €0 | -€947 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,804 | €16,901 | +€4,096 | +32.0% |
| Taxes | 450/3 | €12,804 | €16,901 | +€4,096 | +32.0% |
| Other amounts payable | 47/48 | €25,566 | €55,209 | +€29,643 | +115.9% |
| Accrued charges and deferred income | 492/3 | €1,787 | €1,607 | -€181 | -10.1% |
| Non-recurring operating income | 76A | - | €207 | +€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,932 | €8,892 | +€4,961 | +126.2% |
| Other operating charges | 640/8 | €387 | €478 | +€91 | +23.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €13,328 | €99,950 | +€86,621 | +649.9% |
| Operating profit (loss) | 9901 | €9,009 | €90,579 | +€81,570 | +905.4% |
| Financial income | 75/76B | - | €44 | +€44 | |
| Recurring financial income | 75 | - | €44 | +€44 | |
| Financial charges | 65/66B | €1,874 | €1,711 | -€162 | -8.7% |
| Recurring financial charges | 65 | €1,874 | €1,711 | -€162 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €7,136 | €88,912 | +€81,776 | +1146.0% |
| Income taxes | 67/77 | €149 | €13,596 | +€13,447 | +8999.3% |
| Profit (loss) for the period | 9904 | €6,986 | €75,316 | +€68,330 | +978.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,986 | €75,316 | +€68,330 | +978.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.