BROTHERS: 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.
BROTHERS
Largest movements
- Tangible fixed assets +€72,096
up €72,096 (+623%), from €11,572 to €83,668
of which Other tangible fixed assets: +€46,832
- Cash -€38,295
down €38,295 (-25.6%), from €149,323 to €111,028
mainly Investment in fixed assets (net) (-€72,692) and Tax, wage and social debts (-€19,619)
- Financial fixed assets -€6,450
no longer reported in 2025 (was €6,450)
- Deferred charges and accrued income +€2,264
new in 2025: €2,264
- Reserves +€41,674
up €41,674 (+39.0%), from €106,738 to €148,412
- Tax, wage and social debts -€19,619
down €19,619 (-40.5%), from €48,419 to €28,801
of which Taxes: -€23,739
- Trade debts +€8,299
up €8,299 (+85.0%), from €9,764 to €18,063
- Gross operating margin -€79,171
down €79,171 (-30.5%), from €259,559 to €180,388
- Taxes -€19,295
down €19,295 (-68.0%), from €28,380 to €9,085
- Depreciation +€5,363
up €5,363 (+318%), from €1,684 to €7,046
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 | €168,921 | €199,276 | +€30,355 | +18.0% |
| Fixed assets | 21/28 | €18,022 | €83,668 | +€65,646 | +364% |
| Tangible fixed assets | 22/27 | €11,572 | €83,668 | +€72,096 | +623% |
| Plant, machinery and equipment | 23 | €11,037 | €8,810 | -€2,227 | -20.2% |
| Furniture and vehicles | 24 | €535 | €28,026 | +€27,491 | +5,138% |
| Other tangible fixed assets | 26 | - | €46,832 | +€46,832 | |
| Financial fixed assets | 28 | €6,450 | - | -€6,450 | |
| Current assets | 29/58 | €150,899 | €115,608 | -€35,291 | -23.4% |
| Stocks and contracts in progress | 3 | €1,480 | €1,620 | +€140 | +9.5% |
| Stocks | 30/36 | €1,480 | €1,620 | +€140 | +9.5% |
| Amounts receivable within one year | 40/41 | €96 | €696 | +€600 | +625% |
| Trade receivables | 40 | €96 | €279 | +€183 | +191% |
| Other amounts receivable | 41 | - | €417 | +€417 | |
| Cash at bank and in hand | 54/58 | €149,323 | €111,028 | -€38,295 | -25.6% |
| Deferred charges and accrued income | 490/1 | - | €2,264 | +€2,264 | |
| Total equity and liabilities | 10/49 | €168,921 | €199,276 | +€30,355 | +18.0% |
| Equity | 10/15 | €110,738 | €152,412 | +€41,674 | +37.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €106,738 | €148,412 | +€41,674 | +39.0% |
| Distributable reserves | 133 | €106,738 | €148,412 | +€41,674 | +39.0% |
| Amounts payable | 17/49 | €58,184 | €46,864 | -€11,320 | -19.5% |
| Amounts payable within one year | 42/48 | €58,184 | €46,864 | -€11,320 | -19.5% |
| Trade debts | 44 | €9,764 | €18,063 | +€8,299 | +85.0% |
| Suppliers | 440/4 | €9,764 | €18,063 | +€8,299 | +85.0% |
| Taxes, remuneration and social security | 45 | €48,419 | €28,801 | -€19,619 | -40.5% |
| Taxes | 450/3 | €36,896 | €13,157 | -€23,739 | -64.3% |
| Remuneration and social security | 454/9 | €11,524 | €15,644 | +€4,120 | +35.8% |
| Remuneration, social security and pensions | 62 | €123,727 | €122,542 | -€1,185 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,684 | €7,046 | +€5,363 | +318% |
| Other operating charges | 640/8 | €2,390 | €1,123 | -€1,266 | -53.0% |
| Gross operating margin | 9900 | €259,559 | €180,388 | -€79,171 | -30.5% |
| Operating profit (loss) | 9901 | €131,759 | €49,676 | -€82,083 | -62.3% |
| Financial income | 75/76B | €225 | €2,801 | +€2,576 | +1,145% |
| Recurring financial income | 75 | €225 | €2,801 | +€2,576 | +1,145% |
| Financial charges | 65/66B | €980 | €1,717 | +€738 | +75.3% |
| Recurring financial charges | 65 | €980 | €1,717 | +€738 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €131,004 | €50,760 | -€80,245 | -61.3% |
| Income taxes | 67/77 | €28,380 | €9,085 | -€19,295 | -68.0% |
| Profit (loss) for the period | 9904 | €102,624 | €41,674 | -€60,950 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,624 | €41,674 | -€60,950 | -59.4% |
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 20 October 2026 via checked.be.