VAN DEN BRANDE: 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.
VAN DEN BRANDE
Largest movements
- Cash +€89,931
up €89,931 (+89.6%), from €100,326 to €190,257
mainly Net result for the year (+€79,413) and Receivables within one year (+€47,054)
- Receivables within one year -€47,054
down €47,054 (-84.9%), from €55,431 to €8,377
of which Other amounts receivable: -€47,400
- Tangible fixed assets -€37,939
down €37,939 (-5.4%), from €698,839 to €660,900
of which Land and buildings: -€27,937
- Reserves +€66,044
up €66,044 (+33.1%), from €199,536 to €265,580
of which Distributable reserves: +€66,044
- Debts after one year -€45,505
down €45,505 (-11.3%), from €403,990 to €358,485
- Other debts -€31,236
down €31,236 (-45.5%), from €68,701 to €37,464
- Tax, wage and social debts +€20,030
up €20,030 (+443%), from €4,522 to €24,552
- Gross operating margin +€96,060
up €96,060 (+100%), from €95,982 to €192,042
- Taxes +€36,459
up €36,459 (+518%), from €7,045 to €43,504
- Depreciation +€7,816
up €7,816 (+22.7%), from €34,460 to €42,276
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 | €858,801 | €862,686 | +€3,885 | +0.5% |
| Fixed assets | 21/28 | €698,839 | €660,900 | -€37,939 | -5.4% |
| Tangible fixed assets | 22/27 | €698,839 | €660,900 | -€37,939 | -5.4% |
| Land and buildings | 22 | €629,095 | €601,158 | -€27,937 | -4.4% |
| Furniture and vehicles | 24 | €58,354 | €49,647 | -€8,706 | -14.9% |
| Other tangible fixed assets | 26 | €11,390 | €10,094 | -€1,295 | -11.4% |
| Current assets | 29/58 | €159,962 | €201,786 | +€41,824 | +26.1% |
| Amounts receivable within one year | 40/41 | €55,431 | €8,377 | -€47,054 | -84.9% |
| Trade receivables | 40 | €8,031 | €8,377 | +€346 | +4.3% |
| Other amounts receivable | 41 | €47,400 | - | -€47,400 | |
| Cash at bank and in hand | 54/58 | €100,326 | €190,257 | +€89,931 | +89.6% |
| Deferred charges and accrued income | 490/1 | €4,205 | €3,153 | -€1,053 | -25.0% |
| Total equity and liabilities | 10/49 | €858,801 | €862,686 | +€3,885 | +0.5% |
| Equity | 10/15 | €330,635 | €396,679 | +€66,044 | +20.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Share premium | 1100/10 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €199,536 | €265,580 | +€66,044 | +33.1% |
| Non-distributable reserves | 130/1 | €6,299 | €6,299 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,299 | €6,299 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,071 | €7,071 | = | 0.0% |
| Distributable reserves | 133 | €186,166 | €252,210 | +€66,044 | +35.5% |
| Profit (loss) carried forward | 14 | €19,099 | €19,099 | = | 0.0% |
| Amounts payable | 17/49 | €528,166 | €466,007 | -€62,159 | -11.8% |
| Amounts payable after more than one year | 17 | €403,990 | €358,485 | -€45,505 | -11.3% |
| Financial debts | 170/4 | €403,990 | €358,485 | -€45,505 | -11.3% |
| Amounts payable within one year | 42/48 | €124,176 | €107,522 | -€16,654 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €43,757 | €45,505 | +€1,748 | +4.0% |
| Financial debts | 43 | €6,819 | - | -€6,819 | |
| Other loans | 439 | €6,819 | - | -€6,819 | |
| Trade debts | 44 | €377 | - | -€377 | |
| Suppliers | 440/4 | €377 | - | -€377 | |
| Taxes, remuneration and social security | 45 | €4,522 | €24,552 | +€20,030 | +443% |
| Taxes | 450/3 | €4,522 | €24,552 | +€20,030 | +443% |
| Other amounts payable | 47/48 | €68,701 | €37,464 | -€31,236 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,460 | €42,276 | +€7,816 | +22.7% |
| Other operating charges | 640/8 | €9,054 | €9,840 | +€786 | +8.7% |
| Gross operating margin | 9900 | €95,982 | €192,042 | +€96,060 | +100% |
| Operating profit (loss) | 9901 | €52,468 | €139,926 | +€87,458 | +167% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €18,808 | €17,009 | -€1,799 | -9.6% |
| Recurring financial charges | 65 | €18,808 | €17,009 | -€1,799 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €33,659 | €122,918 | +€89,258 | +265% |
| Income taxes | 67/77 | €7,045 | €43,504 | +€36,459 | +518% |
| Profit (loss) for the period | 9904 | €26,615 | €79,413 | +€52,799 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €26,615 | €79,413 | +€52,799 | +198% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.