THE BROTHERS'SOLUTION: 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.
THE BROTHERS'SOLUTION
Largest movements
- Tangible fixed assets -€7,369
down €7,369 (-18.9%), from €38,968 to €31,599
of which Plant, machinery and equipment: -€8,899
- Cash +€2,777
up €2,777 (+109%), from €2,557 to €5,334
mainly Depreciation (+€9,185) and Net result for the year (+€1,863)
- Receivables within one year +€1,588
up €1,588 (+90.0%), from €1,764 to €3,352
of which Other amounts receivable: +€1,251
- Debts after one year -€5,984
down €5,984 (-37.5%), from €15,969 to €9,985
- Profit (loss) carried forward +€1,864
up €1,864 (+32.2%), from -€5,784 to -€3,920
- Trade debts +€1,582
up €1,582 (+12.9%), from €12,229 to €13,811
- Other debts -€541
no longer reported in 2024 (was €541)
- Gross operating margin +€3,769
up €3,769 (+44.9%), from €8,392 to €12,161
- Financial charges -€325
down €325 (-22.1%), from €1,469 to €1,144
- Depreciation +€210
up €210 (+2.3%), from €8,975 to €9,185
- Financial income +€140
new in 2024: €140
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,639 | €40,860 | -€2,779 | -6.4% |
| Fixed assets | 21/28 | €38,968 | €31,599 | -€7,369 | -18.9% |
| Tangible fixed assets | 22/27 | €38,968 | €31,599 | -€7,369 | -18.9% |
| Plant, machinery and equipment | 23 | €38,633 | €29,734 | -€8,899 | -23.0% |
| Furniture and vehicles | 24 | €335 | €1,865 | +€1,530 | +457% |
| Current assets | 29/58 | €4,671 | €9,261 | +€4,590 | +98.3% |
| Amounts receivable after more than one year | 29 | €350 | - | -€350 | |
| Trade receivables | 290 | €350 | - | -€350 | |
| Stocks and contracts in progress | 3 | - | €329 | +€329 | |
| Stocks | 30/36 | - | €329 | +€329 | |
| Amounts receivable within one year | 40/41 | €1,764 | €3,352 | +€1,588 | +90.0% |
| Trade receivables | 40 | - | €337 | +€337 | |
| Other amounts receivable | 41 | €1,764 | €3,015 | +€1,251 | +70.9% |
| Cash at bank and in hand | 54/58 | €2,557 | €5,334 | +€2,777 | +109% |
| Deferred charges and accrued income | 490/1 | - | €246 | +€246 | |
| Total equity and liabilities | 10/49 | €43,639 | €40,860 | -€2,779 | -6.4% |
| Equity | 10/15 | €9,216 | €11,080 | +€1,864 | +20.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,784 | -€3,920 | +€1,864 | +32.2% |
| Amounts payable | 17/49 | €34,423 | €29,780 | -€4,643 | -13.5% |
| Amounts payable after more than one year | 17 | €15,969 | €9,985 | -€5,984 | -37.5% |
| Financial debts | 170/4 | €15,969 | €9,985 | -€5,984 | -37.5% |
| Amounts payable within one year | 42/48 | €18,454 | €19,795 | +€1,341 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €5,642 | €5,984 | +€342 | +6.1% |
| Trade debts | 44 | €12,229 | €13,811 | +€1,582 | +12.9% |
| Suppliers | 440/4 | €12,229 | €13,811 | +€1,582 | +12.9% |
| Taxes, remuneration and social security | 45 | €42 | - | -€42 | |
| Taxes | 450/3 | €42 | - | -€42 | |
| Other amounts payable | 47/48 | €541 | - | -€541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,975 | €9,185 | +€210 | +2.3% |
| Other operating charges | 640/8 | €10 | €109 | +€99 | +990% |
| Gross operating margin | 9900 | €8,392 | €12,161 | +€3,769 | +44.9% |
| Operating profit (loss) | 9901 | -€593 | €2,867 | +€3,460 | |
| Financial income | 75/76B | - | €140 | +€140 | |
| Recurring financial income | 75 | - | €140 | +€140 | |
| Financial charges | 65/66B | €1,469 | €1,144 | -€325 | -22.1% |
| Recurring financial charges | 65 | €1,469 | €1,144 | -€325 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,062 | €1,863 | +€3,925 | |
| Profit (loss) for the period | 9904 | -€2,062 | €1,863 | +€3,925 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,062 | €1,863 | +€3,925 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.