DE BRABANDERE C.: 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 BRABANDERE C.
Largest movements
- Tangible fixed assets +€123,687
up €123,687 (+718%), from €17,234 to €140,921
of which Leasing and similar rights: +€105,481
- Receivables within one year +€77,900
up €77,900 (+14.8%), from €527,455 to €605,355
of which Other amounts receivable: +€56,971
- Reserves +€134,650
up €134,650 (+29.7%), from €452,644 to €587,294
of which Distributable reserves: +€134,650
- Debts after one year +€67,672
new in 2025: €67,672
- Trade debts +€17,900
up €17,900 (+19.5%), from €91,728 to €109,628
- Current portion of long-term debt +€17,527
new in 2025: €17,527
- Other debts -€14,350
down €14,350 (-5.3%), from €270,353 to €256,003
- Gross operating margin +€9,532
up €9,532 (+2.4%), from €394,841 to €404,373
- Staff costs +€8,956
up €8,956 (+5.0%), from €179,828 to €188,784
- Depreciation +€6,385
up €6,385 (+138%), from €4,643 to €11,028
- Financial income +€5,946
up €5,946 (+22.2%), from €26,793 to €32,739
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 | €937,911 | €1,147,349 | +€209,437 | +22.3% |
| Fixed assets | 21/28 | €19,624 | €144,615 | +€124,991 | +637% |
| Intangible fixed assets | 21 | €2,390 | €3,694 | +€1,304 | +54.6% |
| Tangible fixed assets | 22/27 | €17,234 | €140,921 | +€123,687 | +718% |
| Plant, machinery and equipment | 23 | €8,681 | €28,520 | +€19,839 | +229% |
| Furniture and vehicles | 24 | €8,553 | €6,920 | -€1,633 | -19.1% |
| Leasing and similar rights | 25 | - | €105,481 | +€105,481 | |
| Current assets | 29/58 | €918,287 | €1,002,733 | +€84,447 | +9.2% |
| Stocks and contracts in progress | 3 | €162,900 | €169,145 | +€6,245 | +3.8% |
| Stocks | 30/36 | €162,900 | €169,145 | +€6,245 | +3.8% |
| Amounts receivable within one year | 40/41 | €527,455 | €605,355 | +€77,900 | +14.8% |
| Trade receivables | 40 | €120,598 | €141,528 | +€20,929 | +17.4% |
| Other amounts receivable | 41 | €406,856 | €463,827 | +€56,971 | +14.0% |
| Cash at bank and in hand | 54/58 | €225,620 | €226,694 | +€1,075 | +0.5% |
| Deferred charges and accrued income | 490/1 | €2,312 | €1,539 | -€773 | -33.4% |
| Total equity and liabilities | 10/49 | €937,911 | €1,147,349 | +€209,437 | +22.3% |
| Equity | 10/15 | €514,644 | €649,294 | +€134,650 | +26.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €452,644 | €587,294 | +€134,650 | +29.7% |
| Non-distributable reserves | 130/1 | €6,205 | €6,205 | = | 0.0% |
| Legal reserve | 130 | €6,205 | €6,205 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,324 | €1,324 | = | 0.0% |
| Distributable reserves | 133 | €445,114 | €579,764 | +€134,650 | +30.3% |
| Amounts payable | 17/49 | €423,267 | €498,055 | +€74,788 | +17.7% |
| Amounts payable after more than one year | 17 | - | €67,672 | +€67,672 | |
| Financial debts | 170/4 | - | €67,672 | +€67,672 | |
| Amounts payable within one year | 42/48 | €403,965 | €414,099 | +€10,134 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | - | €17,527 | +€17,527 | |
| Trade debts | 44 | €91,728 | €109,628 | +€17,900 | +19.5% |
| Suppliers | 440/4 | €91,728 | €109,628 | +€17,900 | +19.5% |
| Taxes, remuneration and social security | 45 | €41,884 | €30,940 | -€10,943 | -26.1% |
| Taxes | 450/3 | €8,605 | €3,500 | -€5,105 | -59.3% |
| Remuneration and social security | 454/9 | €33,278 | €27,440 | -€5,838 | -17.5% |
| Other amounts payable | 47/48 | €270,353 | €256,003 | -€14,350 | -5.3% |
| Accrued charges and deferred income | 492/3 | €19,303 | €16,284 | -€3,018 | -15.6% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €179,828 | €188,784 | +€8,956 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,643 | €11,028 | +€6,385 | +138% |
| Other operating charges | 640/8 | €931 | €1,175 | +€245 | +26.3% |
| Gross operating margin | 9900 | €394,841 | €404,373 | +€9,532 | +2.4% |
| Operating profit (loss) | 9901 | €209,439 | €203,384 | -€6,054 | -2.9% |
| Financial income | 75/76B | €26,793 | €32,739 | +€5,946 | +22.2% |
| Recurring financial income | 75 | €26,793 | €32,739 | +€5,946 | +22.2% |
| Financial charges | 65/66B | €21,356 | €23,692 | +€2,336 | +10.9% |
| Recurring financial charges | 65 | €21,356 | €23,692 | +€2,336 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €214,876 | €212,431 | -€2,445 | -1.1% |
| Income taxes | 67/77 | €41,000 | €42,781 | +€1,781 | +4.3% |
| Profit (loss) for the period | 9904 | €173,876 | €169,650 | -€4,226 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €173,876 | €169,650 | -€4,226 | -2.4% |
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 25 October 2026 via checked.be.