BRANDSCO: 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.
BRANDSCO
Largest movements
- Receivables within one year +€13,264
up €13,264 (+29.9%), from €44,296 to €57,560
- Tangible fixed assets -€3,051
down €3,051 (-49.4%), from €6,172 to €3,122
of which Land and buildings: -€1,864
- Reserves +€5,365
up €5,365 (+15.2%), from €35,292 to €40,657
- Trade debts +€2,624
up €2,624 (+34.2%), from €7,677 to €10,301
- Tax, wage and social debts +€2,368
up €2,368 (+44.3%), from €5,349 to €7,717
- Short-term financial debts -€693
no longer reported in 2025 (was €693)
- Gross operating margin -€9,245
down €9,245 (-36.7%), from €25,184 to €15,939
- Taxes -€2,080
down €2,080 (-41.9%), from €4,965 to €2,884
- Staff costs -€1,165
down €1,165 (-22.7%), from €5,138 to €3,974
- Financial income +€467
up €467 (+14033.6%), from €3 to €471
- Depreciation -€430
down €430 (-12.4%), from €3,480 to €3,051
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 | €51,011 | €60,701 | +€9,690 | +19.0% |
| Fixed assets | 21/28 | €6,172 | €3,122 | -€3,051 | -49.4% |
| Tangible fixed assets | 22/27 | €6,172 | €3,122 | -€3,051 | -49.4% |
| Land and buildings | 22 | €3,396 | €1,532 | -€1,864 | -54.9% |
| Plant, machinery and equipment | 23 | €111 | €24 | -€87 | -78.5% |
| Furniture and vehicles | 24 | €2,665 | €1,566 | -€1,099 | -41.3% |
| Current assets | 29/58 | €44,839 | €57,580 | +€12,741 | +28.4% |
| Amounts receivable within one year | 40/41 | €44,296 | €57,560 | +€13,264 | +29.9% |
| Other amounts receivable | 41 | €44,296 | €57,560 | +€13,264 | +29.9% |
| Cash at bank and in hand | 54/58 | €543 | €20 | -€523 | -96.3% |
| Total equity and liabilities | 10/49 | €51,011 | €60,701 | +€9,690 | +19.0% |
| Equity | 10/15 | €37,292 | €42,657 | +€5,365 | +14.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,292 | €40,657 | +€5,365 | +15.2% |
| Distributable reserves | 133 | €35,292 | €40,657 | +€5,365 | +15.2% |
| Amounts payable | 17/49 | €13,719 | €18,044 | +€4,325 | +31.5% |
| Amounts payable within one year | 42/48 | €13,719 | €18,044 | +€4,325 | +31.5% |
| Financial debts | 43 | €693 | - | -€693 | |
| Credit institutions | 430/8 | €693 | - | -€693 | |
| Trade debts | 44 | €7,677 | €10,301 | +€2,624 | +34.2% |
| Suppliers | 440/4 | €7,677 | €10,301 | +€2,624 | +34.2% |
| Taxes, remuneration and social security | 45 | €5,349 | €7,717 | +€2,368 | +44.3% |
| Taxes | 450/3 | €5,349 | €7,717 | +€2,368 | +44.3% |
| Other amounts payable | 47/48 | - | €26 | +€26 | |
| Remuneration, social security and pensions | 62 | €5,138 | €3,974 | -€1,165 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,480 | €3,051 | -€430 | -12.4% |
| Other operating charges | 640/8 | €528 | €874 | +€346 | +65.5% |
| Gross operating margin | 9900 | €25,184 | €15,939 | -€9,245 | -36.7% |
| Operating profit (loss) | 9901 | €16,038 | €8,041 | -€7,996 | -49.9% |
| Financial income | 75/76B | €3 | €471 | +€467 | +14033.6% |
| Recurring financial income | 75 | €3 | €471 | +€467 | +14033.6% |
| Financial charges | 65/66B | €347 | €262 | -€84 | -24.3% |
| Recurring financial charges | 65 | €347 | €262 | -€84 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €15,694 | €8,250 | -€7,445 | -47.4% |
| Income taxes | 67/77 | €4,965 | €2,884 | -€2,080 | -41.9% |
| Profit (loss) for the period | 9904 | €10,730 | €5,365 | -€5,364 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,730 | €5,365 | -€5,364 | -50.0% |
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.