Brandspace: 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.
Brandspace
Largest movements
- Receivables within one year +€76,907
up €76,907 (+137%), from €56,231 to €133,139
of which Other amounts receivable: +€64,029
- Tangible fixed assets -€28,030
down €28,030 (-28.1%), from €99,730 to €71,701
of which Furniture and vehicles: -€38,466
- Cash -€20,072
down €20,072 (-11.5%), from €174,263 to €154,191
mainly Receivables within one year (-€76,907) and Accrued charges and deferred income (-€54,618)
- Accrued charges and deferred income -€54,618
down €54,618 (-29.8%), from €183,322 to €128,704
- Trade debts +€48,398
up €48,398 (+94.8%), from €51,049 to €99,446
- Profit (loss) carried forward +€45,538
up €45,538 (+466%), from €9,771 to €55,308
- Debts after one year -€24,570
down €24,570 (-35.7%), from €68,799 to €44,228
- Tax, wage and social debts +€11,797
up €11,797 (+78.1%), from €15,107 to €26,903
- Gross operating margin +€95,963
up €95,963 (+236%), from €40,669 to €136,632
- Financial charges +€29,224
up €29,224 (+860%), from €3,399 to €32,623
- Depreciation +€21,809
up €21,809 (+95.5%), from €22,830 to €44,639
- Taxes +€8,879
up €8,879 (+220%), from €4,032 to €12,911
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 | €341,740 | €369,116 | +€27,375 | +8.0% |
| Fixed assets | 21/28 | €108,983 | €77,554 | -€31,430 | -28.8% |
| Intangible fixed assets | 21 | €9,253 | €5,853 | -€3,400 | -36.7% |
| Tangible fixed assets | 22/27 | €99,730 | €71,701 | -€28,030 | -28.1% |
| Plant, machinery and equipment | 23 | €1,662 | €1,043 | -€620 | -37.3% |
| Furniture and vehicles | 24 | €98,068 | €59,602 | -€38,466 | -39.2% |
| Other tangible fixed assets | 26 | - | €11,056 | +€11,056 | |
| Current assets | 29/58 | €232,757 | €291,562 | +€58,805 | +25.3% |
| Amounts receivable within one year | 40/41 | €56,231 | €133,139 | +€76,907 | +137% |
| Trade receivables | 40 | €47,784 | €60,663 | +€12,879 | +27.0% |
| Other amounts receivable | 41 | €8,448 | €72,476 | +€64,029 | +758% |
| Cash at bank and in hand | 54/58 | €174,263 | €154,191 | -€20,072 | -11.5% |
| Deferred charges and accrued income | 490/1 | €2,262 | €4,232 | +€1,969 | +87.0% |
| Total equity and liabilities | 10/49 | €341,740 | €369,116 | +€27,375 | +8.0% |
| Equity | 10/15 | €12,771 | €58,308 | +€45,538 | +357% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,771 | €55,308 | +€45,538 | +466% |
| Amounts payable | 17/49 | €328,970 | €310,807 | -€18,163 | -5.5% |
| Amounts payable after more than one year | 17 | €68,799 | €44,228 | -€24,570 | -35.7% |
| Financial debts | 170/4 | €68,799 | €44,228 | -€24,570 | -35.7% |
| Amounts payable within one year | 42/48 | €76,850 | €137,875 | +€61,025 | +79.4% |
| Current portion of amounts payable after more than one year | 42 | €10,694 | €11,125 | +€431 | +4.0% |
| Trade debts | 44 | €51,049 | €99,446 | +€48,398 | +94.8% |
| Suppliers | 440/4 | €51,049 | €99,446 | +€48,398 | +94.8% |
| Taxes, remuneration and social security | 45 | €15,107 | €26,903 | +€11,797 | +78.1% |
| Taxes | 450/3 | €15,107 | €26,903 | +€11,797 | +78.1% |
| Other amounts payable | 47/48 | - | €400 | +€400 | |
| Accrued charges and deferred income | 492/3 | €183,322 | €128,704 | -€54,618 | -29.8% |
| Remuneration, social security and pensions | 62 | €447 | €57 | -€391 | -87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,830 | €44,639 | +€21,809 | +95.5% |
| Other operating charges | 640/8 | €1,842 | €983 | -€859 | -46.6% |
| Non-recurring operating charges | 66A | €3,313 | - | -€3,313 | |
| Gross operating margin | 9900 | €40,669 | €136,632 | +€95,963 | +236% |
| Operating profit (loss) | 9901 | €12,236 | €90,953 | +€78,717 | +643% |
| Financial income | 75/76B | €142 | €118 | -€24 | -16.7% |
| Recurring financial income | 75 | €142 | €118 | -€24 | -16.7% |
| Financial charges | 65/66B | €3,399 | €32,623 | +€29,224 | +860% |
| Recurring financial charges | 65 | €3,399 | €32,623 | +€29,224 | +860% |
| Profit (loss) for the period before taxes | 9903 | €8,979 | €58,449 | +€49,469 | +551% |
| Income taxes | 67/77 | €4,032 | €12,911 | +€8,879 | +220% |
| Profit (loss) for the period | 9904 | €4,947 | €45,538 | +€40,591 | +820% |
| Profit (loss) for the period to be appropriated | 9905 | €4,947 | €45,538 | +€40,591 | +820% |
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.