Group De Brabandere: 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.
What changed
Group De Brabandere
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€747,895
2024 · €1.7m-€980,944
Equity
€5.1m
2024 · €4.3m+€747,895
Cash
€57,933
2024 · €18,860+€39,073
Balance sheet total
€7.4m
2024 · €7.5m-€118,822
Largest movements
Assets
- Receivables within one year -€145,673
down €145,673 (-35.4%), from €411,372 to €265,699
of which Trade receivables: -€161,642
Equity and liabilities
- Debts after one year -€851,808
down €851,808 (-33.8%), from €2.5m to €1.7m
- Reserves +€747,895
up €747,895 (+17.6%), from €4.3m to €5.0m
- Current portion of long-term debt +€79,561
up €79,561 (+85.5%), from €93,098 to €172,659
Income statement
- Turnover -€615,077
down €615,077 (-35.9%), from €1.7m to €1.1m
- Financial income -€600,000
down €600,000 (-42.9%), from €1.4m to €800,000
- Taxes -€111,938
down €111,938 (-99.9%), from €112,103 to €165
of which Taxes: -€111,938
- Staff costs -€107,174
down €107,174 (-34.7%), from €309,127 to €201,953
- Financial charges -€77,544
down €77,544 (-32.8%), from €236,657 to €159,113
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.
Result 2024
€1.7m
Turnover
-€615,077
Other operating income
-€3,069
Services and other goods
-€57,088
Staff costs
+€107,174
Depreciation
-€2,001
Other operating charges
-€366
Financial income
-€600,000
Financial charges
+€77,544
Taxes
+€111,938
Result 2025
€747,895
raises the resultlowers the result
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.
From operations
+€835,476
Investment
-€12,155
Financing
-€784,248
Cash 2024
€18,860
From operations (derived)
+€835,476
Net result for the year
+€747,895
Depreciation
+€23,987
Receivables within one year
+€145,673
Deferred charges and accrued income
+€389
Trade debts
-€67,546
Tax, wage and social debts
-€6,592
Accrued charges and deferred income
-€8,332
Investment (derived)
-€12,155
Investment in fixed assets (net)
-€12,155
Financing
-€784,248
Debts after one year
-€851,808
Current portion of long-term debt
+€79,561
Short-term financial debts
-€12,002
Cash 2025
€57,933
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,480,610 | €7,361,787 | -€118,822 | -1.6% |
| Fixed assets | 21/28 | €7,044,595 | €7,032,762 | -€11,833 | -0.2% |
| Intangible fixed assets | 21 | €107,586 | €98,114 | -€9,472 | -8.8% |
| Tangible fixed assets | 22/27 | €19,384 | €15,826 | -€3,558 | -18.4% |
| Furniture and vehicles | 24 | €19,384 | €15,826 | -€3,558 | -18.4% |
| Financial fixed assets | 28 | €6,917,624 | €6,918,822 | +€1,198 | 0.0% |
| Affiliated companies | 280/1 | €6,867,624 | €6,868,822 | +€1,198 | 0.0% |
| Participating interests | 280 | €6,867,624 | €6,868,822 | +€1,198 | 0.0% |
| Companies linked by participating interests | 282/3 | €50,000 | €50,000 | = | 0.0% |
| Participating interests | 282 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €436,015 | €329,025 | -€106,990 | -24.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €411,372 | €265,699 | -€145,673 | -35.4% |
| Trade receivables | 40 | €409,657 | €248,014 | -€161,642 | -39.5% |
| Other amounts receivable | 41 | €1,715 | €17,685 | +€15,969 | +931% |
| Cash at bank and in hand | 54/58 | €18,860 | €57,933 | +€39,073 | +207% |
| Deferred charges and accrued income | 490/1 | €5,783 | €5,394 | -€389 | -6.7% |
| Total equity and liabilities | 10/49 | €7,480,610 | €7,361,787 | -€118,822 | -1.6% |
| Equity | 10/15 | €4,312,472 | €5,060,367 | +€747,895 | +17.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,250,472 | €4,998,367 | +€747,895 | +17.6% |
| Distributable reserves | 133 | €4,250,472 | €4,998,367 | +€747,895 | +17.6% |
| Amounts payable | 17/49 | €3,168,138 | €2,301,420 | -€866,718 | -27.4% |
| Amounts payable after more than one year | 17 | €2,523,236 | €1,671,429 | -€851,808 | -33.8% |
| Financial debts | 170/4 | €2,523,236 | €1,671,429 | -€851,808 | -33.8% |
| Subordinated loans | 170 | €2,264,863 | €1,500,000 | -€764,863 | -33.8% |
| Credit institutions | 173 | €1,230 | €0 | -€1,230 | -100% |
| Other loans | 174 | €257,143 | €171,429 | -€85,714 | -33.3% |
| Amounts payable within one year | 42/48 | €635,065 | €628,487 | -€6,578 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €93,098 | €172,659 | +€79,561 | +85.5% |
| Financial debts | 43 | €31,826 | €19,824 | -€12,002 | -37.7% |
| Other loans | 439 | €31,826 | €19,824 | -€12,002 | -37.7% |
| Trade debts | 44 | €137,824 | €70,279 | -€67,546 | -49.0% |
| Suppliers | 440/4 | €137,824 | €70,279 | -€67,546 | -49.0% |
| Taxes, remuneration and social security | 45 | €72,317 | €65,725 | -€6,592 | -9.1% |
| Taxes | 450/3 | €35,668 | €38,865 | +€3,198 | +9.0% |
| Remuneration and social security | 454/9 | €36,650 | €26,860 | -€9,790 | -26.7% |
| Other amounts payable | 47/48 | €300,000 | €300,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,836 | €1,504 | -€8,332 | -84.7% |
| Operating income | 70/76A | €1,717,834 | €1,099,688 | -€618,146 | -36.0% |
| Turnover | 70 | €1,711,594 | €1,096,517 | -€615,077 | -35.9% |
| Other operating income | 74 | €6,240 | €3,171 | -€3,069 | -49.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €1,040,235 | €992,515 | -€47,719 | -4.6% |
| Services and other goods | 61 | €707,791 | €764,879 | +€57,088 | +8.1% |
| Remuneration, social security and pensions | 62 | €309,127 | €201,953 | -€107,174 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,986 | €23,987 | +€2,001 | +9.1% |
| Other operating charges | 640/8 | €1,330 | €1,696 | +€366 | +27.5% |
| Operating profit (loss) | 9901 | €677,599 | €107,173 | -€570,427 | -84.2% |
| Financial income | 75/76B | €1,400,000 | €800,000 | -€600,000 | -42.9% |
| Recurring financial income | 75 | €1,400,000 | €800,000 | -€600,000 | -42.9% |
| Income from financial fixed assets | 750 | €1,400,000 | €800,000 | -€600,000 | -42.9% |
| Financial charges | 65/66B | €236,657 | €159,113 | -€77,544 | -32.8% |
| Recurring financial charges | 65 | €236,657 | €159,113 | -€77,544 | -32.8% |
| Debt charges | 650 | €235,835 | €158,281 | -€77,555 | -32.9% |
| Other financial charges | 652/9 | €821 | €832 | +€11 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €1,840,943 | €748,060 | -€1.1m | -59.4% |
| Income taxes | 67/77 | €112,103 | €165 | -€111,938 | -99.9% |
| Taxes | 670/3 | €112,103 | €165 | -€111,938 | -99.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,728,839 | €747,895 | -€980,944 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,728,839 | €747,895 | -€980,944 | -56.7% |
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 13 October 2026 via checked.be.