MARIO 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.
MARIO BRABANT
Largest movements
- Cash +€175,887
up €175,887 (+21.2%), from €830,857 to €1.0m
mainly Net result for the year (+€184,422) and Stocks and contracts (+€88,974)
- Current investments +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Stocks and contracts -€88,974
down €88,974 (-15.0%), from €593,366 to €504,392
- Receivables within one year -€22,586
down €22,586 (-13.1%), from €171,821 to €149,235
of which Trade receivables: -€34,142
- Reserves +€182,756
up €182,756 (+9.6%), from €1.9m to €2.1m
of which Distributable reserves: +€182,756
- Trade debts -€31,483
down €31,483 (-58.6%), from €53,722 to €22,240
- Financial income +€5,941
up €5,941 (+90.9%), from €6,537 to €12,479
- Depreciation +€5,762
up €5,762 (+12.3%), from €46,711 to €52,473
- Gross operating margin -€5,503
down €5,503 (-1.7%), from €319,335 to €313,832
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 | €2,036,172 | €2,189,325 | +€153,153 | +7.5% |
| Fixed assets | 21/28 | €334,127 | €324,495 | -€9,631 | -2.9% |
| Tangible fixed assets | 22/27 | €332,913 | €323,282 | -€9,631 | -2.9% |
| Land and buildings | 22 | €32,797 | €25,395 | -€7,402 | -22.6% |
| Plant, machinery and equipment | 23 | €1,377 | €36,353 | +€34,976 | +2,539% |
| Furniture and vehicles | 24 | €61,655 | €41,945 | -€19,710 | -32.0% |
| Other tangible fixed assets | 26 | €237,083 | €219,588 | -€17,495 | -7.4% |
| Financial fixed assets | 28 | €1,214 | €1,214 | = | 0.0% |
| Current assets | 29/58 | €1,702,045 | €1,864,830 | +€162,785 | +9.6% |
| Stocks and contracts in progress | 3 | €593,366 | €504,392 | -€88,974 | -15.0% |
| Stocks | 30/36 | €593,366 | €504,392 | -€88,974 | -15.0% |
| Amounts receivable within one year | 40/41 | €171,821 | €149,235 | -€22,586 | -13.1% |
| Trade receivables | 40 | €171,808 | €137,667 | -€34,142 | -19.9% |
| Other amounts receivable | 41 | €13 | €11,569 | +€11,556 | +88,345% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100% |
| Cash at bank and in hand | 54/58 | €830,857 | €1,006,744 | +€175,887 | +21.2% |
| Deferred charges and accrued income | 490/1 | €6,001 | €4,459 | -€1,542 | -25.7% |
| Total equity and liabilities | 10/49 | €2,036,172 | €2,189,325 | +€153,153 | +7.5% |
| Equity | 10/15 | €1,918,992 | €2,101,749 | +€182,756 | +9.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,899,992 | €2,082,749 | +€182,756 | +9.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,899,992 | €2,082,749 | +€182,756 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €117,179 | €87,576 | -€29,603 | -25.3% |
| Amounts payable after more than one year | 17 | €24,515 | €14,274 | -€10,241 | -41.8% |
| Financial debts | 170/4 | €24,515 | €14,274 | -€10,241 | -41.8% |
| Amounts payable within one year | 42/48 | €92,664 | €73,302 | -€19,362 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €9,860 | €10,241 | +€381 | +3.9% |
| Financial debts | 43 | - | €16,843 | +€16,843 | |
| Credit institutions | 430/8 | - | €16,843 | +€16,843 | |
| Trade debts | 44 | €53,722 | €22,240 | -€31,483 | -58.6% |
| Suppliers | 440/4 | €53,722 | €22,240 | -€31,483 | -58.6% |
| Taxes, remuneration and social security | 45 | €23,413 | €18,878 | -€4,534 | -19.4% |
| Taxes | 450/3 | €23,413 | €18,878 | -€4,534 | -19.4% |
| Other amounts payable | 47/48 | €5,669 | €5,100 | -€569 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,711 | €52,473 | +€5,762 | +12.3% |
| Other operating charges | 640/8 | €3,513 | €3,559 | +€46 | +1.3% |
| Gross operating margin | 9900 | €319,335 | €313,832 | -€5,503 | -1.7% |
| Operating profit (loss) | 9901 | €269,111 | €257,800 | -€11,311 | -4.2% |
| Financial income | 75/76B | €6,537 | €12,479 | +€5,941 | +90.9% |
| Recurring financial income | 75 | €6,537 | €12,479 | +€5,941 | +90.9% |
| Financial charges | 65/66B | €3,585 | €2,516 | -€1,069 | -29.8% |
| Recurring financial charges | 65 | €3,585 | €2,516 | -€1,069 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €272,063 | €267,763 | -€4,300 | -1.6% |
| Income taxes | 67/77 | €82,503 | €83,340 | +€838 | +1.0% |
| Profit (loss) for the period | 9904 | €189,560 | €184,422 | -€5,138 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €189,560 | €184,422 | -€5,138 | -2.7% |
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 27 October 2026 via checked.be.