BRANDWOLVES: 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.
BRANDWOLVES
Largest movements
- Receivables within one year +€25,723
up €25,723 (+178%), from €14,487 to €40,210
of which Trade receivables: +€27,274
- Cash +€18,175
up €18,175 (+48.2%), from €37,708 to €55,883
mainly Trade debts (+€21,528) and Net result for the year (+€16,788)
- Trade debts +€21,528
up €21,528 (+565%), from €3,813 to €25,341
- Reserves +€12,953
up €12,953 (+52.2%), from €24,831 to €37,784
of which Distributable reserves: +€12,953
- Tax, wage and social debts +€8,502
up €8,502 (+565%), from €1,506 to €10,008
- Gross operating margin +€19,784
up €19,784 (+329%), from €6,020 to €25,805
- Taxes +€7,189
up €7,189 (+463%), from €1,552 to €8,741
- Financial income +€904
up €904 (+972%), from €93 to €997
- Other operating charges -€435
down €435 (-78.4%), from €555 to €120
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 | €52,196 | €96,094 | +€43,898 | +84.1% |
| Current assets | 29/58 | €52,196 | €96,094 | +€43,898 | +84.1% |
| Amounts receivable within one year | 40/41 | €14,487 | €40,210 | +€25,723 | +178% |
| Trade receivables | 40 | €12,929 | €40,203 | +€27,274 | +211% |
| Other amounts receivable | 41 | €1,559 | €8 | -€1,551 | -99.5% |
| Cash at bank and in hand | 54/58 | €37,708 | €55,883 | +€18,175 | +48.2% |
| Total equity and liabilities | 10/49 | €52,196 | €96,094 | +€43,898 | +84.1% |
| Equity | 10/15 | €31,131 | €44,084 | +€12,953 | +41.6% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €24,831 | €37,784 | +€12,953 | +52.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,831 | €37,784 | +€12,953 | +52.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,065 | €52,010 | +€30,945 | +147% |
| Amounts payable within one year | 42/48 | €20,014 | €50,990 | +€30,976 | +155% |
| Trade debts | 44 | €3,813 | €25,341 | +€21,528 | +565% |
| Suppliers | 440/4 | €3,813 | €25,341 | +€21,528 | +565% |
| Taxes, remuneration and social security | 45 | €1,506 | €10,008 | +€8,502 | +565% |
| Taxes | 450/3 | €1,506 | €10,008 | +€8,502 | +565% |
| Other amounts payable | 47/48 | €14,695 | €15,641 | +€946 | +6.4% |
| Accrued charges and deferred income | 492/3 | €1,051 | €1,020 | -€31 | -2.9% |
| Other operating charges | 640/8 | €555 | €120 | -€435 | -78.4% |
| Gross operating margin | 9900 | €6,020 | €25,805 | +€19,784 | +329% |
| Operating profit (loss) | 9901 | €5,465 | €25,685 | +€20,220 | +370% |
| Financial income | 75/76B | €93 | €997 | +€904 | +972% |
| Recurring financial income | 75 | €93 | €997 | +€904 | +972% |
| Financial charges | 65/66B | €1,135 | €1,153 | +€18 | +1.6% |
| Recurring financial charges | 65 | €1,135 | €1,153 | +€18 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €4,423 | €25,529 | +€21,106 | +477% |
| Income taxes | 67/77 | €1,552 | €8,741 | +€7,189 | +463% |
| Profit (loss) for the period | 9904 | €2,871 | €16,788 | +€13,917 | +485% |
| Profit (loss) for the period to be appropriated | 9905 | €2,871 | €16,788 | +€13,917 | +485% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.