BRANDSEO: 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.
BRANDSEO
Largest movements
- Receivables within one year +€34,002
up €34,002 (+1,265%), from €2,688 to €36,690
of which Other amounts receivable: +€35,330
- Receivables after one year -€27,000
down €27,000 (-100%), from €27,000 to €0
- Cash +€1,967
up €1,967 (+1.5%), from €127,976 to €129,943
mainly Net result for the year (+€34,435) and Receivables after one year (+€27,000)
- Tax, wage and social debts +€11,359
up €11,359 (+347%), from €3,274 to €14,633
- Other debts -€5,049
down €5,049 (-100%), from €5,049 to €0
- Reserves +€5,023
up €5,023 (+3.5%), from €142,477 to €147,501
- Trade debts -€1,821
down €1,821 (-66.0%), from €2,757 to €936
- Gross operating margin -€11,997
down €11,997 (-19.4%), from €61,852 to €49,855
- Taxes +€1,417
up €1,417 (+11.2%), from €12,626 to €14,043
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 | €158,557 | €168,070 | +€9,513 | +6.0% |
| Fixed assets | 21/28 | €893 | €1,436 | +€543 | +60.8% |
| Tangible fixed assets | 22/27 | €893 | €1,436 | +€543 | +60.8% |
| Furniture and vehicles | 24 | €893 | €1,436 | +€543 | +60.8% |
| Current assets | 29/58 | €157,664 | €166,633 | +€8,970 | +5.7% |
| Amounts receivable after more than one year | 29 | €27,000 | €0 | -€27,000 | -100% |
| Other amounts receivable | 291 | €27,000 | €0 | -€27,000 | -100% |
| Amounts receivable within one year | 40/41 | €2,688 | €36,690 | +€34,002 | +1,265% |
| Trade receivables | 40 | €1,328 | €0 | -€1,328 | -100% |
| Other amounts receivable | 41 | €1,360 | €36,690 | +€35,330 | +2,598% |
| Cash at bank and in hand | 54/58 | €127,976 | €129,943 | +€1,967 | +1.5% |
| Total equity and liabilities | 10/49 | €158,557 | €168,070 | +€9,513 | +6.0% |
| Equity | 10/15 | €147,477 | €152,501 | +€5,023 | +3.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €142,477 | €147,501 | +€5,023 | +3.5% |
| Distributable reserves | 133 | €142,477 | €147,501 | +€5,023 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,079 | €15,569 | +€4,490 | +40.5% |
| Amounts payable within one year | 42/48 | €11,079 | €15,569 | +€4,490 | +40.5% |
| Trade debts | 44 | €2,757 | €936 | -€1,821 | -66.0% |
| Suppliers | 440/4 | €2,757 | €936 | -€1,821 | -66.0% |
| Taxes, remuneration and social security | 45 | €3,274 | €14,633 | +€11,359 | +347% |
| Taxes | 450/3 | €3,274 | €14,633 | +€11,359 | +347% |
| Other amounts payable | 47/48 | €5,049 | €0 | -€5,049 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542 | €861 | +€319 | +58.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €61,852 | €49,855 | -€11,997 | -19.4% |
| Operating profit (loss) | 9901 | €60,922 | €48,594 | -€12,328 | -20.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €453 | €116 | -€337 | -74.4% |
| Recurring financial charges | 65 | €453 | €116 | -€337 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | €60,469 | €48,478 | -€11,991 | -19.8% |
| Income taxes | 67/77 | €12,626 | €14,043 | +€1,417 | +11.2% |
| Profit (loss) for the period | 9904 | €47,843 | €34,435 | -€13,408 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,843 | €34,435 | -€13,408 | -28.0% |
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 14 October 2026 via checked.be.