DEN BRIGAND: 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.
DEN BRIGAND
Largest movements
- Tangible fixed assets -€6,651
down €6,651 (-18.3%), from €36,419 to €29,768
of which Leasing and similar rights: -€7,618
- Cash +€3,555
up €3,555 (+31.3%), from €11,353 to €14,908
mainly Depreciation (+€8,651) and Tax, wage and social debts (+€2,421)
- Stocks and contracts +€1,070
up €1,070 (+26.7%), from €4,003 to €5,072
- Debts after one year -€5,994
down €5,994 (-27.0%), from €22,243 to €16,248
- Tax, wage and social debts +€2,421
up €2,421 (+42.9%), from €5,641 to €8,062
of which Remuneration and social security: +€1,747
- Other debts +€1,931
new in 2025: €1,931
- Profit (loss) carried forward -€816
down €816 (-13.6%), from €6,003 to €5,187
- Current portion of long-term debt +€779
up €779 (+13.6%), from €5,725 to €6,505
- Depreciation +€3,837
up €3,837 (+79.7%), from €4,813 to €8,651
- Staff costs -€2,779
down €2,779 (-6.0%), from €46,256 to €43,477
- Other operating charges -€884
down €884 (-34.6%), from €2,552 to €1,668
- Gross operating margin -€611
down €611 (-1.1%), from €54,916 to €54,305
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 | €64,202 | €62,453 | -€1,749 | -2.7% |
| Fixed assets | 21/28 | €36,419 | €29,768 | -€6,651 | -18.3% |
| Tangible fixed assets | 22/27 | €36,419 | €29,768 | -€6,651 | -18.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €328 | €122 | -€206 | -62.8% |
| Leasing and similar rights | 25 | €34,323 | €26,705 | -€7,618 | -22.2% |
| Other tangible fixed assets | 26 | €1,768 | €2,941 | +€1,173 | +66.4% |
| Current assets | 29/58 | €27,783 | €32,685 | +€4,902 | +17.6% |
| Stocks and contracts in progress | 3 | €4,003 | €5,072 | +€1,070 | +26.7% |
| Stocks | 30/36 | €4,003 | €5,072 | +€1,070 | +26.7% |
| Amounts receivable within one year | 40/41 | €10,790 | €10,654 | -€136 | -1.3% |
| Trade receivables | 40 | €10,790 | €10,654 | -€136 | -1.3% |
| Cash at bank and in hand | 54/58 | €11,353 | €14,908 | +€3,555 | +31.3% |
| Deferred charges and accrued income | 490/1 | €1,636 | €2,050 | +€414 | +25.3% |
| Total equity and liabilities | 10/49 | €64,202 | €62,453 | -€1,749 | -2.7% |
| Equity | 10/15 | €24,603 | €23,787 | -€816 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,003 | €5,187 | -€816 | -13.6% |
| Amounts payable | 17/49 | €39,599 | €38,666 | -€933 | -2.4% |
| Amounts payable after more than one year | 17 | €22,243 | €16,248 | -€5,994 | -27.0% |
| Financial debts | 170/4 | €22,243 | €16,248 | -€5,994 | -27.0% |
| Amounts payable within one year | 42/48 | €17,356 | €22,418 | +€5,061 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €5,725 | €6,505 | +€779 | +13.6% |
| Trade debts | 44 | €5,990 | €5,919 | -€71 | -1.2% |
| Suppliers | 440/4 | €5,990 | €5,919 | -€71 | -1.2% |
| Taxes, remuneration and social security | 45 | €5,641 | €8,062 | +€2,421 | +42.9% |
| Taxes | 450/3 | €1,160 | €1,835 | +€674 | +58.1% |
| Remuneration and social security | 454/9 | €4,480 | €6,227 | +€1,747 | +39.0% |
| Other amounts payable | 47/48 | - | €1,931 | +€1,931 | |
| Remuneration, social security and pensions | 62 | €46,256 | €43,477 | -€2,779 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,813 | €8,651 | +€3,837 | +79.7% |
| Other operating charges | 640/8 | €2,552 | €1,668 | -€884 | -34.6% |
| Gross operating margin | 9900 | €54,916 | €54,305 | -€611 | -1.1% |
| Operating profit (loss) | 9901 | €1,295 | €509 | -€786 | -60.7% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €983 | €1,265 | +€282 | +28.6% |
| Recurring financial charges | 65 | €983 | €1,265 | +€282 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €322 | -€756 | -€1,077 | |
| Income taxes | 67/77 | €30 | €60 | +€30 | +98.5% |
| Profit (loss) for the period | 9904 | €291 | -€816 | -€1,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €291 | -€816 | -€1,107 |
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.