NEW BRANDS: 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.
NEW BRANDS
Largest movements
- Tangible fixed assets -€19,610
down €19,610 (-2.9%), from €668,396 to €648,786
of which Land and buildings: -€15,048
- Other debts +€102,991
up €102,991 (+27.3%), from €377,603 to €480,594
- Profit (loss) carried forward -€78,903
down €78,903 (-21.5%), from -€366,499 to -€445,402
- Debts after one year -€51,509
down €51,509 (-12.7%), from €405,703 to €354,194
- Current portion of long-term debt +€25,241
up €25,241 (+40.5%), from €62,271 to €87,512
- Trade debts -€17,006
no longer reported in 2025 (was €17,006)
- Financial charges +€11,598
up €11,598 (+23.9%), from €48,440 to €60,038
of which Financial charges: +€37,155
- Gross operating margin +€9,878
up €9,878 (+98.5%), from -€10,028 to -€150
- Financial income +€2,135
up €2,135 (+92,442%), from €2 to €2,138
of which Non-recurring financial income: +€2,138
- Depreciation -€558
down €558 (-3.1%), from €17,997 to €17,439
- Other operating charges +€433
up €433 (+15.4%), from €2,809 to €3,242
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €671,516 | €652,068 | -€19,447 | -2.9% |
| Fixed assets | 21/28 | €668,944 | €649,263 | -€19,680 | -2.9% |
| Intangible fixed assets | 21 | €547 | €477 | -€70 | -12.8% |
| Tangible fixed assets | 22/27 | €668,396 | €648,786 | -€19,610 | -2.9% |
| Land and buildings | 22 | €662,112 | €647,064 | -€15,048 | -2.3% |
| Plant, machinery and equipment | 23 | €1,747 | - | -€1,747 | |
| Furniture and vehicles | 24 | €4,537 | €1,722 | -€2,815 | -62.0% |
| Current assets | 29/58 | €2,572 | €2,805 | +€233 | +9.1% |
| Amounts receivable within one year | 40/41 | €1,032 | €1,191 | +€159 | +15.4% |
| Trade receivables | 40 | - | €783 | +€783 | |
| Other amounts receivable | 41 | €1,032 | €409 | -€624 | -60.4% |
| Deferred charges and accrued income | 490/1 | €1,540 | €1,614 | +€74 | +4.8% |
| Total equity and liabilities | 10/49 | €671,516 | €652,068 | -€19,447 | -2.9% |
| Equity | 10/15 | -€191,499 | -€270,402 | -€78,903 | -41.2% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€366,499 | -€445,402 | -€78,903 | -21.5% |
| Amounts payable | 17/49 | €863,015 | €922,470 | +€59,455 | +6.9% |
| Amounts payable after more than one year | 17 | €405,703 | €354,194 | -€51,509 | -12.7% |
| Financial debts | 170/4 | €405,703 | €354,194 | -€51,509 | -12.7% |
| Amounts payable within one year | 42/48 | €457,311 | €568,276 | +€110,965 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €62,271 | €87,512 | +€25,241 | +40.5% |
| Financial debts | 43 | €29 | - | -€29 | |
| Credit institutions | 430/8 | €29 | - | -€29 | |
| Trade debts | 44 | €17,006 | - | -€17,006 | |
| Suppliers | 440/4 | €17,006 | - | -€17,006 | |
| Taxes, remuneration and social security | 45 | €403 | €171 | -€232 | -57.6% |
| Taxes | 450/3 | €403 | €171 | -€232 | -57.6% |
| Other amounts payable | 47/48 | €377,603 | €480,594 | +€102,991 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,997 | €17,439 | -€558 | -3.1% |
| Other operating charges | 640/8 | €2,809 | €3,242 | +€433 | +15.4% |
| Gross operating margin | 9900 | -€10,028 | -€150 | +€9,878 | +98.5% |
| Operating profit (loss) | 9901 | -€30,834 | -€20,831 | +€10,002 | +32.4% |
| Financial income | 75/76B | €2 | €2,138 | +€2,135 | +92,442% |
| Recurring financial income | 75 | €2 | €2,138 | +€2,135 | +92,442% |
| Non-recurring financial income | 76B | - | €2,138 | +€2,138 | |
| Financial charges | 65/66B | €48,440 | €60,038 | +€11,598 | +23.9% |
| Recurring financial charges | 65 | €22,830 | €59,985 | +€37,155 | +163% |
| Non-recurring financial charges | 66B | €25,610 | €53 | -€25,557 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | -€79,272 | -€78,732 | +€540 | +0.7% |
| Income taxes | 67/77 | €570 | €171 | -€399 | -70.1% |
| Profit (loss) for the period | 9904 | -€79,841 | -€78,903 | +€939 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,841 | -€78,903 | +€939 | +1.2% |
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 30 October 2026 via checked.be.