Le Brummel: 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 Brummel
Largest movements
- Tangible fixed assets -€38,837
down €38,837 (-11.5%), from €336,743 to €297,906
- Stocks and contracts +€29,256
up €29,256 (+7.1%), from €413,309 to €442,565
- Debts after one year -€32,701
down €32,701 (-11.9%), from €275,059 to €242,358
of which Financial debts: -€32,701
- Reserves +€17,279
up €17,279 (+11.0%), from €157,493 to €174,772
of which Distributable reserves: +€17,279
- Tax, wage and social debts +€16,467
up €16,467 (+33.7%), from €48,820 to €65,287
of which Taxes: +€16,967
- Short-term financial debts -€12,500
down €12,500 (-71.4%), from €17,500 to €5,000
- Gross operating margin +€40,264
up €40,264 (+24.1%), from €167,408 to €207,672
- Staff costs +€13,150
up €13,150 (+13.2%), from €99,776 to €112,926
- Write-downs +€9,287
no longer reported in 2025 (was -€9,287)
- Taxes +€6,115
up €6,115 (+93.2%), from €6,558 to €12,673
- Other operating charges +€5,074
up €5,074 (+103%), from €4,923 to €9,997
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 | €766,711 | €764,168 | -€2,543 | -0.3% |
| Fixed assets | 21/28 | €337,072 | €297,906 | -€39,166 | -11.6% |
| Intangible fixed assets | 21 | €329 | - | -€329 | |
| Tangible fixed assets | 22/27 | €336,743 | €297,906 | -€38,837 | -11.5% |
| Land and buildings | 22 | €216,202 | €199,351 | -€16,851 | -7.8% |
| Plant, machinery and equipment | 23 | €63,846 | €49,309 | -€14,537 | -22.8% |
| Furniture and vehicles | 24 | €1,569 | €978 | -€591 | -37.7% |
| Other tangible fixed assets | 26 | €55,126 | €48,268 | -€6,858 | -12.4% |
| Current assets | 29/58 | €429,639 | €466,262 | +€36,623 | +8.5% |
| Stocks and contracts in progress | 3 | €413,309 | €442,565 | +€29,256 | +7.1% |
| Stocks | 30/36 | €413,309 | €442,565 | +€29,256 | +7.1% |
| Amounts receivable within one year | 40/41 | €4,020 | €5,385 | +€1,365 | +34.0% |
| Trade receivables | 40 | €650 | €2,028 | +€1,378 | +212% |
| Other amounts receivable | 41 | €3,370 | €3,357 | -€13 | -0.4% |
| Cash at bank and in hand | 54/58 | €11,782 | €12,733 | +€951 | +8.1% |
| Deferred charges and accrued income | 490/1 | €528 | €5,579 | +€5,051 | +957% |
| Total equity and liabilities | 10/49 | €766,711 | €764,168 | -€2,543 | -0.3% |
| Equity | 10/15 | €224,772 | €246,026 | +€21,254 | +9.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €157,493 | €174,772 | +€17,279 | +11.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €152,493 | €169,772 | +€17,279 | +11.3% |
| Profit (loss) carried forward | 14 | €17,279 | €21,254 | +€3,975 | +23.0% |
| Amounts payable | 17/49 | €541,939 | €518,142 | -€23,797 | -4.4% |
| Amounts payable after more than one year | 17 | €275,059 | €242,358 | -€32,701 | -11.9% |
| Financial debts | 170/4 | €225,059 | €192,358 | -€32,701 | -14.5% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €266,880 | €275,784 | +€8,904 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €32,117 | €32,701 | +€584 | +1.8% |
| Financial debts | 43 | €17,500 | €5,000 | -€12,500 | -71.4% |
| Credit institutions | 430/8 | €17,500 | €5,000 | -€12,500 | -71.4% |
| Trade debts | 44 | €5,609 | €5,838 | +€229 | +4.1% |
| Suppliers | 440/4 | €5,609 | €5,838 | +€229 | +4.1% |
| Taxes, remuneration and social security | 45 | €48,820 | €65,287 | +€16,467 | +33.7% |
| Taxes | 450/3 | €29,188 | €46,155 | +€16,967 | +58.1% |
| Remuneration and social security | 454/9 | €19,632 | €19,132 | -€500 | -2.5% |
| Other amounts payable | 47/48 | €162,834 | €166,958 | +€4,124 | +2.5% |
| Remuneration, social security and pensions | 62 | €99,776 | €112,926 | +€13,150 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,656 | €39,166 | -€1,490 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,287 | - | +€9,287 | |
| Other operating charges | 640/8 | €4,923 | €9,997 | +€5,074 | +103% |
| Gross operating margin | 9900 | €167,408 | €207,672 | +€40,264 | +24.1% |
| Operating profit (loss) | 9901 | €31,340 | €45,583 | +€14,243 | +45.4% |
| Financial income | 75/76B | €17,183 | €13,587 | -€3,596 | -20.9% |
| Recurring financial income | 75 | €17,183 | €13,587 | -€3,596 | -20.9% |
| Financial charges | 65/66B | €24,686 | €25,243 | +€557 | +2.3% |
| Recurring financial charges | 65 | €24,686 | €25,243 | +€557 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €23,837 | €33,927 | +€10,090 | +42.3% |
| Income taxes | 67/77 | €6,558 | €12,673 | +€6,115 | +93.2% |
| Profit (loss) for the period | 9904 | €17,279 | €21,254 | +€3,975 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,279 | €21,254 | +€3,975 | +23.0% |
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 14 October 2026 via checked.be.