DE BRABANDER: 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.
DE BRABANDER
Largest movements
- Cash -€40,557
down €40,557 (-36.8%), from €110,109 to €69,552
mainly Contributions, distributions and other (-€44,212) and Investment in fixed assets (net) (-€26,209)
- Tangible fixed assets +€12,978
up €12,978 (+22.0%), from €58,997 to €71,975
of which Other tangible fixed assets: +€8,216
- Reserves -€36,528
down €36,528 (-28.4%), from €128,481 to €91,953
- Trade debts +€9,639
up €9,639 (+193.5%), from €4,981 to €14,619
- Accrued charges and deferred income +€5,597
up €5,597 (+103.0%), from €5,432 to €11,029
- Debts after one year -€2,916
no longer reported in 2025 (was €2,916)
- Current portion of long-term debt -€2,084
down €2,084 (-41.7%), from €5,000 to €2,916
- Gross operating margin -€15,558
down €15,558 (-5.8%), from €266,001 to €250,443
- Staff costs -€5,041
down €5,041 (-2.2%), from €229,797 to €224,757
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.
Cash bridge derived
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 | €191,609 | €163,727 | -€27,881 | -14.6% |
| Fixed assets | 21/28 | €58,997 | €71,975 | +€12,978 | +22.0% |
| Tangible fixed assets | 22/27 | €58,997 | €71,975 | +€12,978 | +22.0% |
| Plant, machinery and equipment | 23 | €23,852 | €25,448 | +€1,596 | +6.7% |
| Furniture and vehicles | 24 | €1,591 | €4,757 | +€3,166 | +199.0% |
| Other tangible fixed assets | 26 | €33,554 | €41,770 | +€8,216 | +24.5% |
| Current assets | 29/58 | €132,611 | €91,752 | -€40,859 | -30.8% |
| Stocks and contracts in progress | 3 | €19,345 | €19,713 | +€368 | +1.9% |
| Stocks | 30/36 | €19,345 | €19,713 | +€368 | +1.9% |
| Amounts receivable within one year | 40/41 | - | €765 | +€765 | |
| Other amounts receivable | 41 | - | €765 | +€765 | |
| Cash at bank and in hand | 54/58 | €110,109 | €69,552 | -€40,557 | -36.8% |
| Deferred charges and accrued income | 490/1 | €3,157 | €1,721 | -€1,436 | -45.5% |
| Total equity and liabilities | 10/49 | €191,609 | €163,727 | -€27,881 | -14.6% |
| Equity | 10/15 | €147,081 | €110,553 | -€36,528 | -24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,481 | €91,953 | -€36,528 | -28.4% |
| Distributable reserves | 133 | €128,481 | €91,953 | -€36,528 | -28.4% |
| Amounts payable | 17/49 | €44,528 | €53,174 | +€8,646 | +19.4% |
| Amounts payable after more than one year | 17 | €2,916 | - | -€2,916 | |
| Financial debts | 170/4 | €2,916 | - | -€2,916 | |
| Amounts payable within one year | 42/48 | €36,179 | €42,145 | +€5,966 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €2,916 | -€2,084 | -41.7% |
| Financial debts | 43 | €20 | - | -€20 | |
| Credit institutions | 430/8 | €20 | - | -€20 | |
| Trade debts | 44 | €4,981 | €14,619 | +€9,639 | +193.5% |
| Suppliers | 440/4 | €4,981 | €14,619 | +€9,639 | +193.5% |
| Taxes, remuneration and social security | 45 | €22,549 | €21,514 | -€1,034 | -4.6% |
| Taxes | 450/3 | €21,088 | €20,478 | -€610 | -2.9% |
| Remuneration and social security | 454/9 | €1,461 | €1,036 | -€425 | -29.1% |
| Other amounts payable | 47/48 | €3,630 | €3,095 | -€534 | -14.7% |
| Accrued charges and deferred income | 492/3 | €5,432 | €11,029 | +€5,597 | +103.0% |
| Remuneration, social security and pensions | 62 | €229,797 | €224,757 | -€5,041 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,812 | €13,231 | +€2,419 | +22.4% |
| Other operating charges | 640/8 | €2,972 | €3,543 | +€571 | +19.2% |
| Gross operating margin | 9900 | €266,001 | €250,443 | -€15,558 | -5.8% |
| Operating profit (loss) | 9901 | €22,419 | €8,912 | -€13,507 | -60.2% |
| Financial income | 75/76B | €496 | €19 | -€476 | -96.1% |
| Recurring financial income | 75 | €496 | €19 | -€476 | -96.1% |
| Financial charges | 65/66B | €1,205 | €479 | -€726 | -60.3% |
| Recurring financial charges | 65 | €1,205 | €479 | -€726 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €21,709 | €8,452 | -€13,257 | -61.1% |
| Income taxes | 67/77 | €1,974 | €768 | -€1,205 | -61.1% |
| Profit (loss) for the period | 9904 | €19,736 | €7,684 | -€12,052 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,736 | €7,684 | -€12,052 | -61.1% |
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 9 October 2026 via checked.be.