LE BRASSEUR: 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.
LE BRASSEUR
Largest movements
- Cash +€97,952
up €97,952 (+39.1%), from €250,797 to €348,749
mainly Net result for the year (+€53,568) and Receivables within one year (+€43,091)
- Receivables within one year -€43,091
down €43,091 (-54.2%), from €79,569 to €36,478
- Reserves +€53,568
up €53,568 (+30.7%), from €174,395 to €227,963
of which Distributable reserves: +€53,568
- Trade debts -€27,793
down €27,793 (-44.3%), from €62,774 to €34,981
- Other debts +€21,147
up €21,147 (+164%), from €12,890 to €34,037
- Tax, wage and social debts +€5,962
up €5,962 (+7.0%), from €85,590 to €91,552
of which Remuneration and social security: +€6,079
- Staff costs +€50,271
up €50,271 (+25.0%), from €201,328 to €251,599
- Taxes -€17,852
down €17,852 (-43.1%), from €41,433 to €23,581
- Gross operating margin +€11,867
up €11,867 (+3.5%), from €336,390 to €348,257
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 | €388,095 | €441,389 | +€53,294 | +13.7% |
| Formation expenses | 20 | €910 | €674 | -€236 | -26.0% |
| Fixed assets | 21/28 | €16,863 | €15,177 | -€1,686 | -10.0% |
| Tangible fixed assets | 22/27 | €16,863 | €15,177 | -€1,686 | -10.0% |
| Plant, machinery and equipment | 23 | €16,863 | €15,177 | -€1,686 | -10.0% |
| Current assets | 29/58 | €370,322 | €425,539 | +€55,217 | +14.9% |
| Amounts receivable after more than one year | 29 | €17,601 | €17,601 | +€0 | 0.0% |
| Other amounts receivable | 291 | €17,601 | €17,601 | +€0 | 0.0% |
| Stocks and contracts in progress | 3 | €16,865 | €20,624 | +€3,759 | +22.3% |
| Stocks | 30/36 | €16,865 | €20,624 | +€3,759 | +22.3% |
| Amounts receivable within one year | 40/41 | €79,569 | €36,478 | -€43,091 | -54.2% |
| Trade receivables | 40 | €79,569 | €36,478 | -€43,091 | -54.2% |
| Cash at bank and in hand | 54/58 | €250,797 | €348,749 | +€97,952 | +39.1% |
| Deferred charges and accrued income | 490/1 | €5,490 | €2,086 | -€3,404 | -62.0% |
| Total equity and liabilities | 10/49 | €388,095 | €441,389 | +€53,294 | +13.7% |
| Equity | 10/15 | €224,866 | €278,434 | +€53,568 | +23.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €174,395 | €227,963 | +€53,568 | +30.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €172,540 | €226,108 | +€53,568 | +31.0% |
| Profit (loss) carried forward | 14 | €31,921 | €31,921 | -€0 | 0.0% |
| Amounts payable | 17/49 | €163,229 | €162,955 | -€274 | -0.2% |
| Amounts payable within one year | 42/48 | €161,254 | €160,569 | -€685 | -0.4% |
| Trade debts | 44 | €62,774 | €34,981 | -€27,793 | -44.3% |
| Suppliers | 440/4 | €62,774 | €34,981 | -€27,793 | -44.3% |
| Taxes, remuneration and social security | 45 | €85,590 | €91,552 | +€5,962 | +7.0% |
| Taxes | 450/3 | €56,811 | €56,694 | -€117 | -0.2% |
| Remuneration and social security | 454/9 | €28,779 | €34,858 | +€6,079 | +21.1% |
| Other amounts payable | 47/48 | €12,890 | €34,037 | +€21,147 | +164% |
| Accrued charges and deferred income | 492/3 | €1,975 | €2,386 | +€411 | +20.8% |
| Remuneration, social security and pensions | 62 | €201,328 | €251,599 | +€50,271 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,443 | €4,857 | +€2,414 | +98.8% |
| Other operating charges | 640/8 | €7,448 | €7,665 | +€217 | +2.9% |
| Gross operating margin | 9900 | €336,390 | €348,257 | +€11,867 | +3.5% |
| Operating profit (loss) | 9901 | €125,171 | €84,136 | -€41,035 | -32.8% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €6,402 | €7,019 | +€617 | +9.6% |
| Recurring financial charges | 65 | €6,402 | €7,019 | +€617 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €118,769 | €77,149 | -€41,620 | -35.0% |
| Income taxes | 67/77 | €41,433 | €23,581 | -€17,852 | -43.1% |
| Profit (loss) for the period | 9904 | €77,336 | €53,568 | -€23,768 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,336 | €53,568 | -€23,768 | -30.7% |
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 26 October 2026 via checked.be.