DR. P. BRABANT: 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.
DR. P. BRABANT
Largest movements
- Tangible fixed assets -€28,121
down €28,121 (-34.5%), from €81,494 to €53,373
- Deferred charges and accrued income -€14,983
down €14,983 (-33.6%), from €44,629 to €29,646
- Receivables within one year +€10,391
up €10,391 (+107%), from €9,732 to €20,123
- Other debts -€9,706
down €9,706 (-88.3%), from €10,990 to €1,284
- Current portion of long-term debt -€7,389
down €7,389 (-71.3%), from €10,363 to €2,974
- Tax, wage and social debts -€7,206
down €7,206 (-27.0%), from €26,694 to €19,488
of which Taxes: -€7,250
- Profit (loss) carried forward -€4,950
down €4,950 (-9.0%), from -€55,096 to -€60,046
- Debts after one year -€2,974
down €2,974 (-100%), from €2,974 to €0
- Gross operating margin +€10,787
up €10,787 (+23.1%), from €46,653 to €57,440
- Other operating charges +€2,834
up €2,834 (+58.1%), from €4,879 to €7,713
- Financial charges +€1,665
up €1,665 (+29.2%), from €5,708 to €7,372
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 | €141,579 | €108,218 | -€33,361 | -23.6% |
| Fixed assets | 21/28 | €85,875 | €57,754 | -€28,121 | -32.7% |
| Tangible fixed assets | 22/27 | €81,494 | €53,373 | -€28,121 | -34.5% |
| Land and buildings | 22 | €44,902 | €36,066 | -€8,836 | -19.7% |
| Plant, machinery and equipment | 23 | €2,427 | €798 | -€1,629 | -67.1% |
| Furniture and vehicles | 24 | €20,572 | €10,810 | -€9,763 | -47.5% |
| Leasing and similar rights | 25 | €11,692 | €1,169 | -€10,523 | -90.0% |
| Other tangible fixed assets | 26 | €1,901 | €4,531 | +€2,630 | +138% |
| Financial fixed assets | 28 | €4,381 | €4,381 | = | 0.0% |
| Current assets | 29/58 | €55,704 | €50,464 | -€5,240 | -9.4% |
| Amounts receivable within one year | 40/41 | €9,732 | €20,123 | +€10,391 | +107% |
| Other amounts receivable | 41 | €9,732 | €20,123 | +€10,391 | +107% |
| Cash at bank and in hand | 54/58 | €1,344 | €695 | -€648 | -48.2% |
| Deferred charges and accrued income | 490/1 | €44,629 | €29,646 | -€14,983 | -33.6% |
| Total equity and liabilities | 10/49 | €141,579 | €108,218 | -€33,361 | -23.6% |
| Equity | 10/15 | €64,131 | €59,181 | -€4,950 | -7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €106,827 | €106,827 | = | 0.0% |
| Distributable reserves | 133 | €106,827 | €106,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,096 | -€60,046 | -€4,950 | -9.0% |
| Amounts payable | 17/49 | €77,449 | €49,038 | -€28,411 | -36.7% |
| Amounts payable after more than one year | 17 | €2,974 | €0 | -€2,974 | -100% |
| Financial debts | 170/4 | €2,974 | €0 | -€2,974 | -100% |
| Amounts payable within one year | 42/48 | €73,702 | €48,523 | -€25,179 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €10,363 | €2,974 | -€7,389 | -71.3% |
| Financial debts | 43 | €8,618 | €9,704 | +€1,086 | +12.6% |
| Credit institutions | 430/8 | €3,563 | €9,704 | +€6,141 | +172% |
| Other loans | 439 | €5,055 | €0 | -€5,055 | -100% |
| Trade debts | 44 | €17,038 | €15,073 | -€1,964 | -11.5% |
| Suppliers | 440/4 | €17,038 | €15,073 | -€1,964 | -11.5% |
| Taxes, remuneration and social security | 45 | €26,694 | €19,488 | -€7,206 | -27.0% |
| Taxes | 450/3 | €24,954 | €17,704 | -€7,250 | -29.1% |
| Remuneration and social security | 454/9 | €1,739 | €1,784 | +€44 | +2.5% |
| Other amounts payable | 47/48 | €10,990 | €1,284 | -€9,706 | -88.3% |
| Accrued charges and deferred income | 492/3 | €772 | €515 | -€257 | -33.3% |
| Non-recurring operating income | 76A | €13,609 | €0 | -€13,609 | -100% |
| Remuneration, social security and pensions | 62 | €14,117 | €14,208 | +€91 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,562 | €32,632 | +€70 | +0.2% |
| Other operating charges | 640/8 | €4,879 | €7,713 | +€2,834 | +58.1% |
| Gross operating margin | 9900 | €46,653 | €57,440 | +€10,787 | +23.1% |
| Operating profit (loss) | 9901 | -€4,905 | €2,888 | +€7,793 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €5,708 | €7,372 | +€1,665 | +29.2% |
| Recurring financial charges | 65 | €5,708 | €7,372 | +€1,665 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,613 | -€4,485 | +€6,128 | +57.7% |
| Income taxes | 67/77 | €654 | €465 | -€189 | -28.9% |
| Profit (loss) for the period | 9904 | -€11,267 | -€4,950 | +€6,317 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,267 | -€4,950 | +€6,317 | +56.1% |
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 21 October 2026 via checked.be.