BRENNAN CONSULT: 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.
BRENNAN CONSULT
Largest movements
- Tangible fixed assets +€67,993
up €67,993 (+539%), from €12,606 to €80,599
of which Furniture and vehicles: +€38,530
- Cash -€33,367
down €33,367 (-53.5%), from €62,346 to €28,979
mainly Investment in fixed assets (net) (-€82,574) and Contributions, distributions and other (-€26,000)
- Receivables within one year +€1,977
up €1,977 (+12.5%), from €15,856 to €17,833
of which Trade receivables: +€2,185
- Reserves +€26,626
up €26,626 (+73.5%), from €36,229 to €62,855
of which Distributable reserves: +€26,626
- Debts after one year +€21,523
up €21,523, from €0 to €21,523
- Other debts -€15,970
down €15,970 (-37.5%), from €42,629 to €26,659
- Current portion of long-term debt +€7,539
up €7,539 (+305%), from €2,468 to €10,007
- Tax, wage and social debts -€2,825
down €2,825 (-36.2%), from €7,800 to €4,974
of which Taxes: -€2,825
- Gross operating margin +€22,153
up €22,153 (+36.1%), from €61,404 to €83,557
- Depreciation +€2,463
up €2,463 (+20.3%), from €12,118 to €14,581
- Taxes +€2,453
up €2,453 (+19.9%), from €12,334 to €14,787
- Financial charges +€1,022
up €1,022 (+302%), from €339 to €1,361
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,983 | €128,871 | +€36,888 | +40.1% |
| Fixed assets | 21/28 | €12,606 | €80,599 | +€67,993 | +539% |
| Tangible fixed assets | 22/27 | €12,606 | €80,599 | +€67,993 | +539% |
| Plant, machinery and equipment | 23 | €3,615 | €2,250 | -€1,364 | -37.7% |
| Furniture and vehicles | 24 | €8,992 | €47,521 | +€38,530 | +429% |
| Other tangible fixed assets | 26 | - | €30,828 | +€30,828 | |
| Current assets | 29/58 | €79,377 | €48,271 | -€31,105 | -39.2% |
| Amounts receivable within one year | 40/41 | €15,856 | €17,833 | +€1,977 | +12.5% |
| Trade receivables | 40 | €14,160 | €16,345 | +€2,185 | +15.4% |
| Other amounts receivable | 41 | €1,696 | €1,488 | -€208 | -12.3% |
| Cash at bank and in hand | 54/58 | €62,346 | €28,979 | -€33,367 | -53.5% |
| Deferred charges and accrued income | 490/1 | €1,174 | €1,459 | +€285 | +24.3% |
| Total equity and liabilities | 10/49 | €91,983 | €128,871 | +€36,888 | +40.1% |
| Equity | 10/15 | €36,229 | €62,855 | +€26,626 | +73.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €36,229 | €62,855 | +€26,626 | +73.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,229 | €62,855 | +€26,626 | +73.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,754 | €66,016 | +€10,262 | +18.4% |
| Amounts payable after more than one year | 17 | €0 | €21,523 | +€21,523 | |
| Financial debts | 170/4 | €0 | €21,523 | +€21,523 | |
| Amounts payable within one year | 42/48 | €55,754 | €44,492 | -€11,262 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €2,468 | €10,007 | +€7,539 | +305% |
| Financial debts | 43 | €1,742 | €206 | -€1,536 | -88.2% |
| Credit institutions | 430/8 | €1,742 | €206 | -€1,536 | -88.2% |
| Trade debts | 44 | €1,115 | €2,646 | +€1,531 | +137% |
| Suppliers | 440/4 | €1,115 | €2,646 | +€1,531 | +137% |
| Taxes, remuneration and social security | 45 | €7,800 | €4,974 | -€2,825 | -36.2% |
| Taxes | 450/3 | €7,800 | €4,974 | -€2,825 | -36.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €42,629 | €26,659 | -€15,970 | -37.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,118 | €14,581 | +€2,463 | +20.3% |
| Other operating charges | 640/8 | €155 | €211 | +€56 | +36.1% |
| Gross operating margin | 9900 | €61,404 | €83,557 | +€22,153 | +36.1% |
| Operating profit (loss) | 9901 | €49,132 | €68,765 | +€19,634 | +40.0% |
| Financial income | 75/76B | €0 | €8 | +€8 | |
| Recurring financial income | 75 | €0 | €8 | +€8 | |
| Financial charges | 65/66B | €339 | €1,361 | +€1,022 | +302% |
| Recurring financial charges | 65 | €339 | €1,361 | +€1,022 | +302% |
| Profit (loss) for the period before taxes | 9903 | €48,793 | €67,413 | +€18,620 | +38.2% |
| Income taxes | 67/77 | €12,334 | €14,787 | +€2,453 | +19.9% |
| Profit (loss) for the period | 9904 | €36,459 | €52,626 | +€16,167 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,459 | €52,626 | +€16,167 | +44.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.