BROWWAXBAR: 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.
BROWWAXBAR
Largest movements
- Cash +€25,105
up €25,105 (+11.8%), from €212,536 to €237,642
mainly Other debts (+€254,300) and Net result for the year (+€72,857)
- Reserves -€258,319
down €258,319 (-72.3%), from €357,354 to €99,035
- Other debts +€254,300
up €254,300 (+19,050%), from €1,335 to €255,634
- Tax, wage and social debts +€46,831
up €46,831 (+152%), from €30,908 to €77,739
of which Taxes: +€45,020
- Debts after one year -€24,969
down €24,969 (-6.9%), from €361,713 to €336,743
- Trade debts +€10,250
up €10,250 (+170%), from €6,012 to €16,262
- Staff costs +€23,214
up €23,214 (+22.9%), from €101,364 to €124,578
- Taxes -€7,749
down €7,749 (-26.4%), from €29,311 to €21,562
- Gross operating margin -€3,933
down €3,933 (-1.4%), from €271,902 to €267,969
- Other operating charges +€3,157
up €3,157 (+50.4%), from €6,269 to €9,426
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 | €812,374 | €849,263 | +€36,890 | +4.5% |
| Fixed assets | 21/28 | €568,347 | €574,938 | +€6,591 | +1.2% |
| Tangible fixed assets | 22/27 | €568,347 | €574,938 | +€6,591 | +1.2% |
| Land and buildings | 22 | €536,087 | €542,770 | +€6,683 | +1.2% |
| Plant, machinery and equipment | 23 | €27,460 | €23,240 | -€4,220 | -15.4% |
| Furniture and vehicles | 24 | €2,779 | €1,631 | -€1,148 | -41.3% |
| Other tangible fixed assets | 26 | €2,021 | €7,296 | +€5,275 | +261% |
| Current assets | 29/58 | €244,027 | €274,325 | +€30,299 | +12.4% |
| Stocks and contracts in progress | 3 | €12,667 | €13,842 | +€1,175 | +9.3% |
| Stocks | 30/36 | €12,667 | €13,842 | +€1,175 | +9.3% |
| Amounts receivable within one year | 40/41 | €17,175 | €21,209 | +€4,034 | +23.5% |
| Other amounts receivable | 41 | €17,175 | €21,209 | +€4,034 | +23.5% |
| Cash at bank and in hand | 54/58 | €212,536 | €237,642 | +€25,105 | +11.8% |
| Deferred charges and accrued income | 490/1 | €1,649 | €1,633 | -€16 | -1.0% |
| Total equity and liabilities | 10/49 | €812,374 | €849,263 | +€36,890 | +4.5% |
| Equity | 10/15 | €375,904 | €117,585 | -€258,319 | -68.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €357,354 | €99,035 | -€258,319 | -72.3% |
| Distributable reserves | 133 | €357,354 | €99,035 | -€258,319 | -72.3% |
| Amounts payable | 17/49 | €436,470 | €731,679 | +€295,209 | +67.6% |
| Amounts payable after more than one year | 17 | €361,713 | €336,743 | -€24,969 | -6.9% |
| Financial debts | 170/4 | €361,713 | €336,743 | -€24,969 | -6.9% |
| Amounts payable within one year | 42/48 | €74,757 | €394,935 | +€320,178 | +428% |
| Current portion of amounts payable after more than one year | 42 | €36,502 | €45,300 | +€8,798 | +24.1% |
| Trade debts | 44 | €6,012 | €16,262 | +€10,250 | +170% |
| Suppliers | 440/4 | €6,012 | €16,262 | +€10,250 | +170% |
| Taxes, remuneration and social security | 45 | €30,908 | €77,739 | +€46,831 | +152% |
| Taxes | 450/3 | €9,780 | €54,799 | +€45,020 | +460% |
| Remuneration and social security | 454/9 | €21,128 | €22,940 | +€1,811 | +8.6% |
| Other amounts payable | 47/48 | €1,335 | €255,634 | +€254,300 | +19,050% |
| Remuneration, social security and pensions | 62 | €101,364 | €124,578 | +€23,214 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,722 | €31,233 | +€1,511 | +5.1% |
| Other operating charges | 640/8 | €6,269 | €9,426 | +€3,157 | +50.4% |
| Gross operating margin | 9900 | €271,902 | €267,969 | -€3,933 | -1.4% |
| Operating profit (loss) | 9901 | €134,548 | €102,733 | -€31,815 | -23.6% |
| Financial income | 75/76B | €1,073 | €1,682 | +€609 | +56.8% |
| Recurring financial income | 75 | €1,073 | €1,682 | +€609 | +56.8% |
| Financial charges | 65/66B | €10,786 | €9,996 | -€791 | -7.3% |
| Recurring financial charges | 65 | €10,786 | €9,996 | -€791 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €124,834 | €94,419 | -€30,415 | -24.4% |
| Income taxes | 67/77 | €29,311 | €21,562 | -€7,749 | -26.4% |
| Profit (loss) for the period | 9904 | €95,523 | €72,857 | -€22,666 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,523 | €72,857 | -€22,666 | -23.7% |
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 31 October 2026 via checked.be.