We build 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.
We build brands
Largest movements
- Cash +€26,725
up €26,725 (+49.1%), from €54,403 to €81,128
mainly Net result for the year (+€16,298) and Tax, wage and social debts (+€8,095)
- Receivables within one year -€2,344
down €2,344 (-25.1%), from €9,332 to €6,988
- Reserves +€16,298
up €16,298 (+25.3%), from €64,391 to €80,689
- Tax, wage and social debts +€8,095
up €8,095 (+58.0%), from €13,951 to €22,045
- Short-term financial debts -€3,108
down €3,108 (-94.6%), from €3,284 to €177
of which Other loans: -€2,000
- Other debts +€2,610
up €2,610 (+32.8%), from €7,953 to €10,563
- Turnover +€152,990
new in 2025: €152,990
- Purchases and services +€138,016
new in 2025: €138,016
- Gross operating margin -€3,733
down €3,733 (-11.8%), from €31,503 to €27,771
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 | €96,059 | €120,180 | +€24,122 | +25.1% |
| Fixed assets | 21/28 | €31,580 | €31,303 | -€277 | -0.9% |
| Tangible fixed assets | 22/27 | €31,580 | €31,303 | -€277 | -0.9% |
| Furniture and vehicles | 24 | - | €2,056 | +€2,056 | |
| Other tangible fixed assets | 26 | €31,580 | €29,247 | -€2,333 | -7.4% |
| Current assets | 29/58 | €64,479 | €88,877 | +€24,399 | +37.8% |
| Amounts receivable within one year | 40/41 | €9,332 | €6,988 | -€2,344 | -25.1% |
| Trade receivables | 40 | €9,332 | €6,988 | -€2,344 | -25.1% |
| Cash at bank and in hand | 54/58 | €54,403 | €81,128 | +€26,725 | +49.1% |
| Deferred charges and accrued income | 490/1 | €744 | €762 | +€18 | +2.4% |
| Total equity and liabilities | 10/49 | €96,059 | €120,180 | +€24,122 | +25.1% |
| Equity | 10/15 | €66,391 | €82,689 | +€16,298 | +24.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €64,391 | €80,689 | +€16,298 | +25.3% |
| Distributable reserves | 133 | €64,391 | €80,689 | +€16,298 | +25.3% |
| Amounts payable | 17/49 | €29,667 | €37,491 | +€7,823 | +26.4% |
| Amounts payable within one year | 42/48 | €29,667 | €37,491 | +€7,823 | +26.4% |
| Financial debts | 43 | €3,284 | €177 | -€3,108 | -94.6% |
| Credit institutions | 430/8 | €1,284 | €177 | -€1,108 | -86.3% |
| Other loans | 439 | €2,000 | - | -€2,000 | |
| Trade debts | 44 | €4,480 | €4,706 | +€226 | +5.0% |
| Suppliers | 440/4 | €4,480 | €4,706 | +€226 | +5.0% |
| Taxes, remuneration and social security | 45 | €13,951 | €22,045 | +€8,095 | +58.0% |
| Taxes | 450/3 | €13,951 | €22,045 | +€8,095 | +58.0% |
| Other amounts payable | 47/48 | €7,953 | €10,563 | +€2,610 | +32.8% |
| Turnover | 70 | - | €152,990 | +€152,990 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €138,016 | +€138,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,333 | €2,477 | +€143 | +6.1% |
| Other operating charges | 640/8 | €603 | €493 | -€110 | -18.2% |
| Gross operating margin | 9900 | €31,503 | €27,771 | -€3,733 | -11.8% |
| Operating profit (loss) | 9901 | €28,567 | €24,801 | -€3,766 | -13.2% |
| Financial income | 75/76B | €53 | €34 | -€19 | -35.7% |
| Recurring financial income | 75 | €53 | €34 | -€19 | -35.7% |
| Financial charges | 65/66B | €2,241 | €1,987 | -€254 | -11.3% |
| Recurring financial charges | 65 | €2,241 | €1,987 | -€254 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €26,380 | €22,848 | -€3,531 | -13.4% |
| Income taxes | 67/77 | €7,767 | €6,550 | -€1,217 | -15.7% |
| Profit (loss) for the period | 9904 | €18,613 | €16,298 | -€2,315 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,613 | €16,298 | -€2,315 | -12.4% |
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 14 October 2026 via checked.be.