M. Brabants: 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
M. Brabants
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.0m+€44,801
Equity
€4.9m
2024 · €3.8m+€1.1m
Cash
€114,620
2024 · €89,097+€25,523
Balance sheet total
€5.0m
2024 · €4.3m+€716,574
Largest movements
Assets
- Current investments +€374,954
up €374,954 (+31.9%), from €1.2m to €1.6m
- Receivables within one year +€267,618
up €267,618 (+11.3%), from €2.4m to €2.6m
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+30.1%), from €3.6m to €4.7m
of which Distributable reserves: +€1.1m
- Other debts -€375,040
down €375,040 (-97.8%), from €383,303 to €8,263
Income statement
- Gross operating margin +€41,278
up €41,278 (+2.8%), from €1.5m to €1.5m
- Taxes +€21,796
up €21,796 (+4.5%), from €484,940 to €506,736
- Depreciation -€17,452
down €17,452 (-18.7%), from €93,433 to €75,981
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
€1.0m
Gross operating margin
+€41,278
Depreciation
+€17,452
Other operating charges
-€1,754
Financial income
+€9,723
Financial charges
-€102
Taxes
-€21,796
Result 2025
€1.1m
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
+€519,238
Investment
-€494,715
Financing
+€999
Cash 2024
€89,097
From operations (derived)
+€519,238
Net result for the year
+€1.1m
Depreciation
+€75,981
Receivables within one year
-€267,618
Deferred charges and accrued income
-€4,699
Smaller working-capital items
+€3,536
Other debts
-€375,040
Accrued charges and deferred income
-€4,661
Investment (derived)
-€494,715
Investment in fixed assets (net)
-€119,761
Current investments
-€374,954
Financing
+€999
Short-term financial debts
+€999
Cash 2025
€114,620
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,251,379 | €4,967,953 | +€716,574 | +16.9% |
| Fixed assets | 21/28 | €584,168 | €627,948 | +€43,780 | +7.5% |
| Tangible fixed assets | 22/27 | €581,666 | €593,067 | +€11,401 | +2.0% |
| Land and buildings | 22 | €569,446 | €519,256 | -€50,190 | -8.8% |
| Plant, machinery and equipment | 23 | €3,384 | €5,508 | +€2,124 | +62.8% |
| Furniture and vehicles | 24 | €8,836 | €68,303 | +€59,467 | +673% |
| Financial fixed assets | 28 | €2,502 | €34,881 | +€32,379 | +1,294% |
| Current assets | 29/58 | €3,667,212 | €4,340,005 | +€672,794 | +18.3% |
| Amounts receivable within one year | 40/41 | €2,358,164 | €2,625,782 | +€267,618 | +11.3% |
| Other amounts receivable | 41 | €2,358,164 | €2,625,782 | +€267,618 | +11.3% |
| Current investments | 50/53 | €1,175,542 | €1,550,496 | +€374,954 | +31.9% |
| Cash at bank and in hand | 54/58 | €89,097 | €114,620 | +€25,523 | +28.6% |
| Deferred charges and accrued income | 490/1 | €44,409 | €49,108 | +€4,699 | +10.6% |
| Total equity and liabilities | 10/49 | €4,251,379 | €4,967,953 | +€716,574 | +16.9% |
| Equity | 10/15 | €3,803,859 | €4,895,599 | +€1.1m | +28.7% |
| Contributions | 10/11 | €182,400 | €182,400 | = | 0.0% |
| Reserves | 13 | €3,621,459 | €4,713,199 | +€1.1m | +30.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,621,459 | €4,713,199 | +€1.1m | +30.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €447,521 | €72,355 | -€375,166 | -83.8% |
| Amounts payable within one year | 42/48 | €442,860 | €72,355 | -€370,505 | -83.7% |
| Financial debts | 43 | - | €999 | +€999 | |
| Credit institutions | 430/8 | - | €999 | +€999 | |
| Trade debts | 44 | €18 | €2,017 | +€1,999 | +11,078% |
| Suppliers | 440/4 | €18 | €2,017 | +€1,999 | +11,078% |
| Taxes, remuneration and social security | 45 | €59,539 | €61,076 | +€1,537 | +2.6% |
| Taxes | 450/3 | €59,539 | €61,076 | +€1,537 | +2.6% |
| Other amounts payable | 47/48 | €383,303 | €8,263 | -€375,040 | -97.8% |
| Accrued charges and deferred income | 492/3 | €4,661 | €0 | -€4,661 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,433 | €75,981 | -€17,452 | -18.7% |
| Other operating charges | 640/8 | €3,000 | €4,753 | +€1,754 | +58.5% |
| Gross operating margin | 9900 | €1,491,576 | €1,532,854 | +€41,278 | +2.8% |
| Operating profit (loss) | 9901 | €1,395,144 | €1,452,121 | +€56,977 | +4.1% |
| Financial income | 75/76B | €136,848 | €146,571 | +€9,723 | +7.1% |
| Recurring financial income | 75 | €136,848 | €146,571 | +€9,723 | +7.1% |
| Financial charges | 65/66B | €114 | €216 | +€102 | +89.9% |
| Recurring financial charges | 65 | €114 | €216 | +€102 | +89.9% |
| Profit (loss) for the period before taxes | 9903 | €1,531,878 | €1,598,476 | +€66,598 | +4.3% |
| Income taxes | 67/77 | €484,940 | €506,736 | +€21,796 | +4.5% |
| Profit (loss) for the period | 9904 | €1,046,939 | €1,091,740 | +€44,801 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,046,939 | €1,091,740 | +€44,801 | +4.3% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.