BROTHERS PARTNERS: what changed
BROTHERS PARTNERS
Largest movements
- Tangible fixed assets -€28,902
down €28,902 (-47.5%), from €60,856 to €31,954
of which Furniture and vehicles: -€19,814
- Cash -€12,913
down €12,913 (-28.5%), from €45,240 to €32,327
mainly Debts after one year (-€21,847) and Receivables within one year (-€11,932)
- Receivables within one year +€11,932
up €11,932 (+47.5%), from €25,123 to €37,055
- Deferred charges and accrued income +€2,593
up €2,593 (+216%), from €1,201 to €3,795
- Debts after one year -€21,847
down €21,847 (-77.9%), from €28,041 to €6,194
- Profit (loss) carried forward -€5,278
down €5,278 (-16.5%), from €32,002 to €26,724
- Tax, wage and social debts -€3,889
down €3,889 (-19.1%), from €20,350 to €16,461
of which Taxes: -€2,193
- Current portion of long-term debt +€3,778
up €3,778 (+20.9%), from €18,069 to €21,847
- Gross operating margin -€22,091
down €22,091 (-21.2%), from €104,009 to €81,918
- Staff costs -€13,610
down €13,610 (-31.3%), from €43,481 to €29,871
- Other operating charges -€10,156
down €10,156 (-51.3%), from €19,780 to €9,624
- Depreciation +€1,844
up €1,844 (+6.8%), from €27,058 to €28,902
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,421 | €114,132 | -€27,290 | -19.3% |
| Fixed assets | 21/28 | €69,856 | €40,954 | -€28,902 | -41.4% |
| Tangible fixed assets | 22/27 | €60,856 | €31,954 | -€28,902 | -47.5% |
| Furniture and vehicles | 24 | €45,515 | €25,702 | -€19,814 | -43.5% |
| Leasing and similar rights | 25 | €15,341 | €6,253 | -€9,088 | -59.2% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €71,565 | €73,177 | +€1,613 | +2.3% |
| Amounts receivable within one year | 40/41 | €25,123 | €37,055 | +€11,932 | +47.5% |
| Trade receivables | 40 | €25,123 | €37,055 | +€11,932 | +47.5% |
| Cash at bank and in hand | 54/58 | €45,240 | €32,327 | -€12,913 | -28.5% |
| Deferred charges and accrued income | 490/1 | €1,201 | €3,795 | +€2,593 | +216% |
| Total equity and liabilities | 10/49 | €141,421 | €114,132 | -€27,290 | -19.3% |
| Equity | 10/15 | €54,002 | €48,724 | -€5,278 | -9.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,002 | €26,724 | -€5,278 | -16.5% |
| Amounts payable | 17/49 | €87,419 | €65,407 | -€22,012 | -25.2% |
| Amounts payable after more than one year | 17 | €28,041 | €6,194 | -€21,847 | -77.9% |
| Financial debts | 170/4 | €28,041 | €6,194 | -€21,847 | -77.9% |
| Amounts payable within one year | 42/48 | €59,378 | €59,214 | -€164 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €18,069 | €21,847 | +€3,778 | +20.9% |
| Trade debts | 44 | €3,757 | €3,879 | +€122 | +3.2% |
| Suppliers | 440/4 | €3,757 | €3,879 | +€122 | +3.2% |
| Taxes, remuneration and social security | 45 | €20,350 | €16,461 | -€3,889 | -19.1% |
| Taxes | 450/3 | €12,294 | €10,101 | -€2,193 | -17.8% |
| Remuneration and social security | 454/9 | €8,056 | €6,360 | -€1,696 | -21.1% |
| Other amounts payable | 47/48 | €17,201 | €17,027 | -€175 | -1.0% |
| Remuneration, social security and pensions | 62 | €43,481 | €29,871 | -€13,610 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,058 | €28,902 | +€1,844 | +6.8% |
| Other operating charges | 640/8 | €19,780 | €9,624 | -€10,156 | -51.3% |
| Gross operating margin | 9900 | €104,009 | €81,918 | -€22,091 | -21.2% |
| Operating profit (loss) | 9901 | €13,690 | €13,521 | -€169 | -1.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,639 | €2,648 | -€991 | -27.2% |
| Recurring financial charges | 65 | €3,639 | €2,648 | -€991 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €10,052 | €10,874 | +€822 | +8.2% |
| Income taxes | 67/77 | €3,971 | €4,387 | +€416 | +10.5% |
| Profit (loss) for the period | 9904 | €6,080 | €6,487 | +€406 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,080 | €6,487 | +€406 | +6.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.