BRANDTALKS: 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.
BRANDTALKS
Largest movements
- Receivables within one year +€20,468
up €20,468 (+27.7%), from €73,876 to €94,344
of which Trade receivables: +€11,492
- Deferred charges and accrued income +€2,545
up €2,545 (+253.2%), from €1,005 to €3,550
- Tangible fixed assets +€1,495
up €1,495 (+332.4%), from €450 to €1,945
of which Plant, machinery and equipment: +€1,761
- Reserves +€16,171
up €16,171 (+29.1%), from €55,584 to €71,755
- Tax, wage and social debts +€6,236
up €6,236 (+36.5%), from €17,084 to €23,320
- Trade debts +€3,174
up €3,174 (+280.7%), from €1,130 to €4,304
- Taxes +€5,445
up €5,445 (+147.3%), from €3,697 to €9,141
- Gross operating margin +€5,427
up €5,427 (+29.1%), from €18,663 to €24,091
- Other operating charges -€3,937
down €3,937 (-89.6%), from €4,395 to €458
- Financial charges -€438
down €438 (-19.1%), from €2,298 to €1,859
- Financial income +€396
up €396 (+10.5%), from €3,777 to €4,174
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 | €83,225 | €108,537 | +€25,312 | +30.4% |
| Fixed assets | 21/28 | €475 | €1,970 | +€1,495 | +314.9% |
| Tangible fixed assets | 22/27 | €450 | €1,945 | +€1,495 | +332.4% |
| Plant, machinery and equipment | 23 | €0 | €1,761 | +€1,761 | |
| Furniture and vehicles | 24 | €450 | €184 | -€266 | -59.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €82,751 | €106,567 | +€23,817 | +28.8% |
| Amounts receivable within one year | 40/41 | €73,876 | €94,344 | +€20,468 | +27.7% |
| Trade receivables | 40 | €208 | €11,700 | +€11,492 | +5537.5% |
| Other amounts receivable | 41 | €73,668 | €82,644 | +€8,976 | +12.2% |
| Cash at bank and in hand | 54/58 | €7,870 | €8,673 | +€804 | +10.2% |
| Deferred charges and accrued income | 490/1 | €1,005 | €3,550 | +€2,545 | +253.2% |
| Total equity and liabilities | 10/49 | €83,225 | €108,537 | +€25,312 | +30.4% |
| Equity | 10/15 | €63,654 | €79,825 | +€16,171 | +25.4% |
| Contributions | 10/11 | €8,070 | €8,070 | = | 0.0% |
| Reserves | 13 | €55,584 | €71,755 | +€16,171 | +29.1% |
| Distributable reserves | 133 | €55,584 | €71,755 | +€16,171 | +29.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €19,571 | €28,713 | +€9,141 | +46.7% |
| Amounts payable within one year | 42/48 | €19,571 | €28,713 | +€9,141 | +46.7% |
| Financial debts | 43 | €1,357 | €1,089 | -€268 | -19.8% |
| Other loans | 439 | €1,357 | €1,089 | -€268 | -19.8% |
| Trade debts | 44 | €1,130 | €4,304 | +€3,174 | +280.7% |
| Suppliers | 440/4 | €1,130 | €4,304 | +€3,174 | +280.7% |
| Taxes, remuneration and social security | 45 | €17,084 | €23,320 | +€6,236 | +36.5% |
| Taxes | 450/3 | €17,084 | €23,320 | +€6,236 | +36.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971 | €635 | -€335 | -34.5% |
| Other operating charges | 640/8 | €4,395 | €458 | -€3,937 | -89.6% |
| Gross operating margin | 9900 | €18,663 | €24,091 | +€5,427 | +29.1% |
| Operating profit (loss) | 9901 | €13,298 | €22,998 | +€9,700 | +72.9% |
| Financial income | 75/76B | €3,777 | €4,174 | +€396 | +10.5% |
| Recurring financial income | 75 | €3,777 | €4,174 | +€396 | +10.5% |
| Financial charges | 65/66B | €2,298 | €1,859 | -€438 | -19.1% |
| Recurring financial charges | 65 | €2,298 | €1,859 | -€438 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €14,778 | €25,312 | +€10,534 | +71.3% |
| Income taxes | 67/77 | €3,697 | €9,141 | +€5,445 | +147.3% |
| Profit (loss) for the period | 9904 | €11,081 | €16,171 | +€5,089 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,081 | €16,171 | +€5,089 | +45.9% |
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.