BRANDSBEE: 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.
BRANDSBEE
Largest movements
- Receivables within one year -€46,616
down €46,616 (-40.7%), from €114,623 to €68,007
of which Trade receivables: -€51,050
- Deferred charges and accrued income -€10,212
down €10,212 (-56.0%), from €18,246 to €8,035
- Stocks and contracts +€9,009
up €9,009 (+63.2%), from €14,246 to €23,256
of which Contracts in progress: +€6,144
- Cash -€8,243
down €8,243 (-41.1%), from €20,050 to €11,807
mainly Trade debts (-€30,009) and Net result for the year (-€12,780)
- Trade debts -€30,009
down €30,009 (-29.6%), from €101,397 to €71,388
- Profit (loss) carried forward -€12,780
down €12,780 (-37.4%), from -€34,137 to -€46,917
- Short-term financial debts -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
- Other debts -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Tax, wage and social debts +€4,620
up €4,620 (+12.1%), from €38,294 to €42,914
of which Remuneration and social security: +€7,045
- Staff costs +€30,783
up €30,783 (+33.9%), from €90,745 to €121,528
- Gross operating margin +€20,606
up €20,606 (+20.8%), from €98,951 to €119,556
- Write-downs -€10,464
down €10,464 (-100.0%), from €10,464 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.
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 | €178,546 | €120,376 | -€58,169 | -32.6% |
| Fixed assets | 21/28 | €11,380 | €9,272 | -€2,108 | -18.5% |
| Intangible fixed assets | 21 | €6,699 | €4,986 | -€1,713 | -25.6% |
| Tangible fixed assets | 22/27 | €4,666 | €4,271 | -€395 | -8.5% |
| Plant, machinery and equipment | 23 | €3,075 | €3,244 | +€170 | +5.5% |
| Other tangible fixed assets | 26 | €1,591 | €1,027 | -€565 | -35.5% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €167,166 | €111,104 | -€56,062 | -33.5% |
| Stocks and contracts in progress | 3 | €14,246 | €23,256 | +€9,009 | +63.2% |
| Stocks | 30/36 | €14,246 | €17,112 | +€2,865 | +20.1% |
| Contracts in progress | 37 | - | €6,144 | +€6,144 | |
| Amounts receivable within one year | 40/41 | €114,623 | €68,007 | -€46,616 | -40.7% |
| Trade receivables | 40 | €112,439 | €61,389 | -€51,050 | -45.4% |
| Other amounts receivable | 41 | €2,184 | €6,618 | +€4,434 | +203.0% |
| Cash at bank and in hand | 54/58 | €20,050 | €11,807 | -€8,243 | -41.1% |
| Deferred charges and accrued income | 490/1 | €18,246 | €8,035 | -€10,212 | -56.0% |
| Total equity and liabilities | 10/49 | €178,546 | €120,376 | -€58,169 | -32.6% |
| Equity | 10/15 | -€11,146 | -€23,926 | -€12,780 | -114.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,391 | €4,391 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €391 | €391 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,137 | -€46,917 | -€12,780 | -37.4% |
| Amounts payable | 17/49 | €189,692 | €144,302 | -€45,390 | -23.9% |
| Amounts payable within one year | 42/48 | €189,692 | €144,302 | -€45,390 | -23.9% |
| Financial debts | 43 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Credit institutions | 430/8 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Trade debts | 44 | €101,397 | €71,388 | -€30,009 | -29.6% |
| Suppliers | 440/4 | €101,397 | €71,388 | -€30,009 | -29.6% |
| Taxes, remuneration and social security | 45 | €38,294 | €42,914 | +€4,620 | +12.1% |
| Taxes | 450/3 | €17,091 | €14,666 | -€2,426 | -14.2% |
| Remuneration and social security | 454/9 | €21,203 | €28,248 | +€7,045 | +33.2% |
| Other amounts payable | 47/48 | €10,000 | €0 | -€10,000 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €90,745 | €121,528 | +€30,783 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,304 | €3,133 | +€829 | +36.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,464 | €0 | -€10,464 | -100.0% |
| Other operating charges | 640/8 | €1,331 | €1,246 | -€85 | -6.4% |
| Gross operating margin | 9900 | €98,951 | €119,556 | +€20,606 | +20.8% |
| Operating profit (loss) | 9901 | -€5,893 | -€6,350 | -€458 | -7.8% |
| Financial income | 75/76B | €1,106 | €445 | -€661 | -59.8% |
| Recurring financial income | 75 | €1,106 | €445 | -€661 | -59.8% |
| Financial charges | 65/66B | €6,457 | €6,459 | +€2 | 0.0% |
| Recurring financial charges | 65 | €6,457 | €6,459 | +€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,244 | -€12,365 | -€1,121 | -10.0% |
| Income taxes | 67/77 | €441 | €415 | -€26 | -5.8% |
| Profit (loss) for the period | 9904 | -€11,684 | -€12,780 | -€1,096 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,684 | -€12,780 | -€1,096 | -9.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.