BROTHERS CHALLENGE: 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 CHALLENGE
Largest movements
- Receivables within one year +€80,290
up €80,290 (+796%), from €10,082 to €90,372
of which Trade receivables: +€81,872
- Stocks and contracts +€50,960
up €50,960 (+53.9%), from €94,613 to €145,573
- Cash +€14,554
up €14,554 (+631%), from €2,306 to €16,860
mainly Trade debts (+€71,566) and Tax, wage and social debts (+€38,752)
- Tangible fixed assets -€8,749
down €8,749 (-35.3%), from €24,760 to €16,011
of which Other tangible fixed assets: -€7,665
- Financial fixed assets +€7,500
up €7,500 (+150%), from €5,000 to €12,500
- Trade debts +€71,566
up €71,566 (+1,284%), from €5,572 to €77,139
- Tax, wage and social debts +€38,752
up €38,752 (+1,109%), from €3,495 to €42,248
of which Taxes: +€25,534
- Other debts +€20,835
up €20,835 (+17.9%), from €116,494 to €137,329
- Profit (loss) carried forward +€11,152
up €11,152, from -€1,849 to €9,303
- Gross operating margin +€27,115
up €27,115 (+51.1%), from €53,071 to €80,186
- Staff costs +€25,150
up €25,150 (+125%), from €20,042 to €45,191
- Other operating charges -€4,784
down €4,784 (-47.2%), from €10,139 to €5,355
- Taxes +€3,982
new in 2025: €3,982
- Financial charges +€2,047
up €2,047 (+139%), from €1,471 to €3,517
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 | €151,214 | €293,519 | +€142,306 | +94.1% |
| Formation expenses | 20 | €250 | - | -€250 | |
| Fixed assets | 21/28 | €43,963 | €40,714 | -€3,249 | -7.4% |
| Intangible fixed assets | 21 | €14,203 | €12,203 | -€2,000 | -14.1% |
| Tangible fixed assets | 22/27 | €24,760 | €16,011 | -€8,749 | -35.3% |
| Land and buildings | 22 | €416 | €184 | -€232 | -55.7% |
| Furniture and vehicles | 24 | €1,635 | €783 | -€851 | -52.1% |
| Other tangible fixed assets | 26 | €22,709 | €15,044 | -€7,665 | -33.8% |
| Financial fixed assets | 28 | €5,000 | €12,500 | +€7,500 | +150% |
| Current assets | 29/58 | €107,001 | €252,805 | +€145,804 | +136% |
| Stocks and contracts in progress | 3 | €94,613 | €145,573 | +€50,960 | +53.9% |
| Stocks | 30/36 | €94,613 | €145,573 | +€50,960 | +53.9% |
| Amounts receivable within one year | 40/41 | €10,082 | €90,372 | +€80,290 | +796% |
| Trade receivables | 40 | €8,500 | €90,372 | +€81,872 | +963% |
| Other amounts receivable | 41 | €1,582 | - | -€1,582 | |
| Cash at bank and in hand | 54/58 | €2,306 | €16,860 | +€14,554 | +631% |
| Total equity and liabilities | 10/49 | €151,214 | €293,519 | +€142,306 | +94.1% |
| Equity | 10/15 | €25,651 | €36,803 | +€11,152 | +43.5% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,849 | €9,303 | +€11,152 | |
| Amounts payable | 17/49 | €125,562 | €256,716 | +€131,154 | +104% |
| Amounts payable within one year | 42/48 | €125,562 | €256,716 | +€131,154 | +104% |
| Trade debts | 44 | €5,572 | €77,139 | +€71,566 | +1,284% |
| Suppliers | 440/4 | €5,572 | €77,139 | +€71,566 | +1,284% |
| Taxes, remuneration and social security | 45 | €3,495 | €42,248 | +€38,752 | +1,109% |
| Taxes | 450/3 | - | €25,534 | +€25,534 | |
| Remuneration and social security | 454/9 | €3,495 | €16,714 | +€13,219 | +378% |
| Other amounts payable | 47/48 | €116,494 | €137,329 | +€20,835 | +17.9% |
| Remuneration, social security and pensions | 62 | €20,042 | €45,191 | +€25,150 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,313 | €10,999 | -€314 | -2.8% |
| Other operating charges | 640/8 | €10,139 | €5,355 | -€4,784 | -47.2% |
| Gross operating margin | 9900 | €53,071 | €80,186 | +€27,115 | +51.1% |
| Operating profit (loss) | 9901 | €11,578 | €18,641 | +€7,063 | +61.0% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,471 | €3,517 | +€2,047 | +139% |
| Recurring financial charges | 65 | €1,471 | €3,517 | +€2,047 | +139% |
| Profit (loss) for the period before taxes | 9903 | €10,107 | €15,134 | +€5,027 | +49.7% |
| Income taxes | 67/77 | - | €3,982 | +€3,982 | |
| Profit (loss) for the period | 9904 | €10,107 | €11,152 | +€1,045 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,107 | €11,152 | +€1,045 | +10.3% |
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 24 October 2026 via checked.be.