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
- Stocks and contracts -€101,726
down €101,726 (-12.8%), from €792,349 to €690,623
- Receivables within one year +€43,073
up €43,073 (+463%), from €9,301 to €52,374
- Receivables after one year -€12,164
down €12,164 (-43.2%), from €28,164 to €16,000
- Profit (loss) carried forward -€71,538
down €71,538 (-4.4%), from -€1.6m to -€1.7m
- Tax, wage and social debts +€23,502
up €23,502 (+37.2%), from €63,135 to €86,637
- Debts after one year -€17,000
down €17,000 (-0.7%), from €2.3m to €2.3m
- Trade debts -€10,170
down €10,170 (-94.5%), from €10,765 to €595
- Purchases and services +€135,546
new in 2025: €135,546
- Gross operating margin -€59,147
down €59,147, from €57,296 to -€1,851
- Financial charges -€4,121
down €4,121 (-6.1%), from €67,733 to €63,611
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €838,797 | €764,176 | -€74,621 | -8.9% |
| Fixed assets | 21/28 | €1,228 | €1,228 | = | 0.0% |
| Financial fixed assets | 28 | €1,228 | €1,228 | = | 0.0% |
| Current assets | 29/58 | €837,569 | €762,948 | -€74,621 | -8.9% |
| Amounts receivable after more than one year | 29 | €28,164 | €16,000 | -€12,164 | -43.2% |
| Other amounts receivable | 291 | €28,164 | €16,000 | -€12,164 | -43.2% |
| Stocks and contracts in progress | 3 | €792,349 | €690,623 | -€101,726 | -12.8% |
| Stocks | 30/36 | €792,349 | €690,623 | -€101,726 | -12.8% |
| Amounts receivable within one year | 40/41 | €9,301 | €52,374 | +€43,073 | +463% |
| Trade receivables | 40 | €9,301 | €52,374 | +€43,073 | +463% |
| Cash at bank and in hand | 54/58 | €5,984 | €2,042 | -€3,943 | -65.9% |
| Deferred charges and accrued income | 490/1 | €1,770 | €1,909 | +€139 | +7.9% |
| Total equity and liabilities | 10/49 | €838,797 | €764,176 | -€74,621 | -8.9% |
| Equity | 10/15 | -€1,570,766 | -€1,642,304 | -€71,538 | -4.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,632,766 | -€1,704,304 | -€71,538 | -4.4% |
| Amounts payable | 17/49 | €2,409,563 | €2,406,480 | -€3,084 | -0.1% |
| Amounts payable after more than one year | 17 | €2,335,663 | €2,318,663 | -€17,000 | -0.7% |
| Financial debts | 170/4 | €2,335,663 | €2,318,663 | -€17,000 | -0.7% |
| Amounts payable within one year | 42/48 | €73,900 | €87,232 | +€13,331 | +18.0% |
| Trade debts | 44 | €10,765 | €595 | -€10,170 | -94.5% |
| Suppliers | 440/4 | €10,765 | €595 | -€10,170 | -94.5% |
| Taxes, remuneration and social security | 45 | €63,135 | €86,637 | +€23,502 | +37.2% |
| Taxes | 450/3 | €63,135 | €86,637 | +€23,502 | +37.2% |
| Accrued charges and deferred income | 492/3 | - | €585 | +€585 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €135,546 | +€135,546 | |
| Other operating charges | 640/8 | €5,757 | €6,076 | +€319 | +5.5% |
| Gross operating margin | 9900 | €57,296 | -€1,851 | -€59,147 | |
| Operating profit (loss) | 9901 | €51,540 | -€7,926 | -€59,466 | |
| Financial charges | 65/66B | €67,733 | €63,611 | -€4,121 | -6.1% |
| Recurring financial charges | 65 | €67,733 | €63,611 | -€4,121 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,193 | -€71,538 | -€55,345 | -342% |
| Profit (loss) for the period | 9904 | -€16,193 | -€71,538 | -€55,345 | -342% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,193 | -€71,538 | -€55,345 | -342% |
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 22 October 2026 via checked.be.