BRANDSPLUS GROUP: 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.
What changed
BRANDSPLUS GROUP
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€579,085
2024 · €34,471+€544,615
Equity
€2.0m
2024 · €1.3m+€688,668
Cash
€39,204
2024 · €15,022+€24,181
Balance sheet total
€2.1m
2024 · €1.4m+€649,735
Largest movements
Assets
- Financial fixed assets +€639,583
up €639,583 (+47.4%), from €1.3m to €2.0m
of which Affiliated companies: +€639,583
- Cash +€24,181
up €24,181 (+161%), from €15,022 to €39,204
mainly Net result for the year (+€579,085) and Contributions, distributions and other (+€109,583)
Equity and liabilities
- Revaluation surpluses +€639,583
up €639,583 (+58.7%), from €1.1m to €1.7m
- Other debts -€78,740
down €78,740 (-100%), from €78,740 to €0
- Reserves +€49,085
up €49,085 (+41.4%), from €118,579 to €167,664
of which Distributable reserves: +€49,085
- Trade debts +€29,648
up €29,648 (+318%), from €9,338 to €38,986
Income statement
- Financial income +€530,000
new in 2025: €530,000
- Turnover +€141,031
up €141,031 (+29.9%), from €472,326 to €613,357
- Services and other goods +€120,973
up €120,973 (+37.8%), from €320,014 to €440,987
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.
Result 2024
€34,471
Turnover
+€141,031
Other operating income
-€5
Services and other goods
-€120,973
Staff costs
-€3,145
Depreciation
-€4,106
Other operating charges
+€2,941
Financial income
+€530,000
Financial charges
+€4,075
Taxes
-€5,203
Result 2025
€579,085
raises the resultlowers the result
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.
From operations
+€554,181
Investment
-€639,583
Financing
+€109,583
Cash 2024
€15,022
From operations (derived)
+€554,181
Net result for the year
+€579,085
Depreciation
+€8,872
Receivables within one year
+€5,651
Smaller working-capital items
-€296
Trade debts
+€29,648
Tax, wage and social debts
+€9,961
Other debts
-€78,740
Investment (derived)
-€639,583
Investment in fixed assets (net)
-€639,583
Financing
+€109,583
Contributions, distributions and other
+€109,583
Cash 2025
€39,204
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,434,068 | €2,083,803 | +€649,735 | +45.3% |
| Fixed assets | 21/28 | €1,388,831 | €2,019,542 | +€630,711 | +45.4% |
| Tangible fixed assets | 22/27 | €38,848 | €29,976 | -€8,872 | -22.8% |
| Plant, machinery and equipment | 23 | €12,368 | €10,351 | -€2,017 | -16.3% |
| Furniture and vehicles | 24 | €16,216 | €10,460 | -€5,756 | -35.5% |
| Other tangible fixed assets | 26 | €10,264 | €9,165 | -€1,099 | -10.7% |
| Financial fixed assets | 28 | €1,349,984 | €1,989,567 | +€639,583 | +47.4% |
| Affiliated companies | 280/1 | €1,349,684 | €1,989,267 | +€639,583 | +47.4% |
| Participating interests | 280 | €1,349,684 | €1,989,267 | +€639,583 | +47.4% |
| Other financial fixed assets | 284/8 | €300 | €300 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €45,237 | €64,261 | +€19,024 | +42.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,440 | €3,789 | -€5,651 | -59.9% |
| Trade receivables | 40 | €9,261 | €3,789 | -€5,472 | -59.1% |
| Other amounts receivable | 41 | €179 | €0 | -€179 | -100% |
| Cash at bank and in hand | 54/58 | €15,022 | €39,204 | +€24,181 | +161% |
| Deferred charges and accrued income | 490/1 | €20,775 | €21,269 | +€494 | +2.4% |
| Total equity and liabilities | 10/49 | €1,434,068 | €2,083,803 | +€649,735 | +45.3% |
| Equity | 10/15 | €1,288,991 | €1,977,659 | +€688,668 | +53.4% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,090,412 | €1,729,995 | +€639,583 | +58.7% |
| Reserves | 13 | €118,579 | €167,664 | +€49,085 | +41.4% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €110,579 | €159,664 | +€49,085 | +44.4% |
| Amounts payable | 17/49 | €145,077 | €106,144 | -€38,933 | -26.8% |
| Amounts payable within one year | 42/48 | €145,013 | €105,881 | -€39,131 | -27.0% |
| Trade debts | 44 | €9,338 | €38,986 | +€29,648 | +318% |
| Suppliers | 440/4 | €9,338 | €38,986 | +€29,648 | +318% |
| Taxes, remuneration and social security | 45 | €56,935 | €66,896 | +€9,961 | +17.5% |
| Taxes | 450/3 | €41,583 | €49,191 | +€7,608 | +18.3% |
| Remuneration and social security | 454/9 | €15,352 | €17,705 | +€2,353 | +15.3% |
| Other amounts payable | 47/48 | €78,740 | €0 | -€78,740 | -100% |
| Accrued charges and deferred income | 492/3 | €65 | €263 | +€198 | +307% |
| Operating income | 70/76A | €472,569 | €613,594 | +€141,025 | +29.8% |
| Turnover | 70 | €472,326 | €613,357 | +€141,031 | +29.9% |
| Other operating income | 74 | €243 | €238 | -€5 | -2.2% |
| Operating charges | 60/66A | €412,614 | €537,897 | +€125,283 | +30.4% |
| Services and other goods | 61 | €320,014 | €440,987 | +€120,973 | +37.8% |
| Remuneration, social security and pensions | 62 | €83,366 | €86,511 | +€3,145 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,766 | €8,872 | +€4,106 | +86.1% |
| Other operating charges | 640/8 | €4,468 | €1,527 | -€2,941 | -65.8% |
| Operating profit (loss) | 9901 | €59,955 | €75,697 | +€15,742 | +26.3% |
| Financial income | 75/76B | - | €530,000 | +€530,000 | |
| Recurring financial income | 75 | - | €530,000 | +€530,000 | |
| Income from financial fixed assets | 750 | - | €530,000 | +€530,000 | |
| Financial charges | 65/66B | €13,163 | €9,088 | -€4,075 | -31.0% |
| Recurring financial charges | 65 | €13,163 | €9,088 | -€4,075 | -31.0% |
| Debt charges | 650 | €4,546 | €653 | -€3,893 | -85.6% |
| Other financial charges | 652/9 | €8,617 | €8,435 | -€182 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €46,792 | €596,610 | +€549,818 | +1,175% |
| Income taxes | 67/77 | €12,321 | €17,524 | +€5,203 | +42.2% |
| Taxes | 670/3 | €12,321 | €17,524 | +€5,203 | +42.2% |
| Profit (loss) for the period | 9904 | €34,471 | €579,085 | +€544,615 | +1,580% |
| Profit (loss) for the period to be appropriated | 9905 | €34,471 | €579,085 | +€544,615 | +1,580% |
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 19 October 2026 via checked.be.