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
- Receivables within one year +€40,299
up €40,299 (+7.3%), from €549,492 to €589,791
of which Other amounts receivable: +€28,159
- Tangible fixed assets -€33,103
down €33,103 (-13.3%), from €248,450 to €215,347
of which Plant, machinery and equipment: -€22,929
- Cash -€22,625
down €22,625 (-18.8%), from €120,139 to €97,514
mainly Receivables within one year (-€40,299) and Debts after one year (-€8,216)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€12,676
down €12,676 (-26.8%), from €47,243 to €34,568
- Depreciation -€4,162
down €4,162 (-11.2%), from €37,265 to €33,103
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 | €928,702 | €909,212 | -€19,490 | -2.1% |
| Fixed assets | 21/28 | €248,450 | €215,347 | -€33,103 | -13.3% |
| Tangible fixed assets | 22/27 | €248,450 | €215,347 | -€33,103 | -13.3% |
| Land and buildings | 22 | €170,028 | €160,735 | -€9,293 | -5.5% |
| Plant, machinery and equipment | 23 | €77,248 | €54,319 | -€22,929 | -29.7% |
| Furniture and vehicles | 24 | €1,174 | €293 | -€881 | -75.0% |
| Current assets | 29/58 | €680,252 | €693,865 | +€13,613 | +2.0% |
| Amounts receivable after more than one year | 29 | €6,300 | €6,300 | = | 0.0% |
| Trade receivables | 290 | €6,300 | €6,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €549,492 | €589,791 | +€40,299 | +7.3% |
| Trade receivables | 40 | €50,902 | €63,042 | +€12,140 | +23.8% |
| Other amounts receivable | 41 | €498,590 | €526,749 | +€28,159 | +5.6% |
| Cash at bank and in hand | 54/58 | €120,139 | €97,514 | -€22,625 | -18.8% |
| Deferred charges and accrued income | 490/1 | €4,321 | €259 | -€4,061 | -94.0% |
| Total equity and liabilities | 10/49 | €928,702 | €909,212 | -€19,490 | -2.1% |
| Equity | 10/15 | €845,649 | €837,534 | -€8,115 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €827,049 | €818,934 | -€8,115 | -1.0% |
| Distributable reserves | 133 | €827,049 | €818,934 | -€8,115 | -1.0% |
| Amounts payable | 17/49 | €83,053 | €71,678 | -€11,375 | -13.7% |
| Amounts payable after more than one year | 17 | €43,436 | €35,220 | -€8,216 | -18.9% |
| Financial debts | 170/4 | €43,436 | €35,220 | -€8,216 | -18.9% |
| Amounts payable within one year | 42/48 | €39,617 | €36,458 | -€3,159 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €8,533 | €8,216 | -€317 | -3.7% |
| Trade debts | 44 | €20,613 | €17,736 | -€2,877 | -14.0% |
| Suppliers | 440/4 | €20,613 | €17,736 | -€2,877 | -14.0% |
| Taxes, remuneration and social security | 45 | €10,471 | €10,506 | +€35 | +0.3% |
| Taxes | 450/3 | €1,431 | €1,466 | +€35 | +2.4% |
| Remuneration and social security | 454/9 | €9,039 | €9,039 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,265 | €33,103 | -€4,162 | -11.2% |
| Other operating charges | 640/8 | €5,238 | €5,065 | -€173 | -3.3% |
| Gross operating margin | 9900 | €47,243 | €34,568 | -€12,676 | -26.8% |
| Operating profit (loss) | 9901 | €4,740 | -€3,600 | -€8,341 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,325 | €3,778 | +€453 | +13.6% |
| Recurring financial charges | 65 | €3,325 | €3,778 | +€453 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €1,415 | -€7,377 | -€8,792 | |
| Income taxes | 67/77 | €727 | €739 | +€11 | +1.5% |
| Profit (loss) for the period | 9904 | €688 | -€8,115 | -€8,803 | |
| Profit (loss) for the period to be appropriated | 9905 | €688 | -€8,115 | -€8,803 |
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 24 October 2026 via checked.be.