Amélie BRANZE: what changed
Amélie BRANZE
Largest movements
- Cash -€50,117
down €50,117 (-54.6%), from €91,728 to €41,611
mainly Receivables within one year (-€50,054) and Debts after one year (-€16,237)
- Receivables within one year +€50,054
up €50,054 (+178%), from €28,175 to €78,229
of which Other amounts receivable: +€54,402
- Tangible fixed assets -€14,764
down €14,764 (-15.4%), from €95,898 to €81,135
of which Plant, machinery and equipment: -€17,683
- Debts after one year -€16,237
down €16,237 (-17.6%), from €92,191 to €75,954
- Reserves +€15,000
up €15,000 (+51.7%), from €29,000 to €44,000
- Tax, wage and social debts -€8,095
down €8,095 (-17.2%), from €47,026 to €38,931
of which Remuneration and social security: -€13,259
- Other debts -€5,862
down €5,862 (-83.7%), from €7,006 to €1,144
- Trade debts -€3,863
down €3,863 (-16.1%), from €24,035 to €20,171
- Gross operating margin -€15,715
down €15,715 (-5.9%), from €265,214 to €249,498
- Taxes -€3,115
down €3,115 (-46.4%), from €6,707 to €3,592
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,147 | €218,216 | -€17,931 | -7.6% |
| Fixed assets | 21/28 | €111,113 | €94,194 | -€16,919 | -15.2% |
| Intangible fixed assets | 21 | €13,515 | €11,260 | -€2,255 | -16.7% |
| Tangible fixed assets | 22/27 | €95,898 | €81,135 | -€14,764 | -15.4% |
| Plant, machinery and equipment | 23 | €71,421 | €53,738 | -€17,683 | -24.8% |
| Furniture and vehicles | 24 | €16,817 | €11,613 | -€5,204 | -30.9% |
| Other tangible fixed assets | 26 | €7,660 | €15,784 | +€8,124 | +106% |
| Financial fixed assets | 28 | €1,700 | €1,800 | +€100 | +5.9% |
| Current assets | 29/58 | €125,034 | €124,021 | -€1,012 | -0.8% |
| Stocks and contracts in progress | 3 | €5,131 | €4,182 | -€949 | -18.5% |
| Stocks | 30/36 | €5,131 | €4,182 | -€949 | -18.5% |
| Amounts receivable within one year | 40/41 | €28,175 | €78,229 | +€50,054 | +178% |
| Trade receivables | 40 | €14,882 | €10,533 | -€4,349 | -29.2% |
| Other amounts receivable | 41 | €13,293 | €67,695 | +€54,402 | +409% |
| Cash at bank and in hand | 54/58 | €91,728 | €41,611 | -€50,117 | -54.6% |
| Total equity and liabilities | 10/49 | €236,147 | €218,216 | -€17,931 | -7.6% |
| Equity | 10/15 | €49,390 | €64,886 | +€15,495 | +31.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €44,000 | +€15,000 | +51.7% |
| Distributable reserves | 133 | €29,000 | €44,000 | +€15,000 | +51.7% |
| Profit (loss) carried forward | 14 | €390 | €886 | +€495 | +127% |
| Amounts payable | 17/49 | €186,757 | €153,330 | -€33,426 | -17.9% |
| Amounts payable after more than one year | 17 | €92,191 | €75,954 | -€16,237 | -17.6% |
| Financial debts | 170/4 | €92,191 | €75,954 | -€16,237 | -17.6% |
| Amounts payable within one year | 42/48 | €94,565 | €77,376 | -€17,189 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €16,499 | €17,130 | +€631 | +3.8% |
| Trade debts | 44 | €24,035 | €20,171 | -€3,863 | -16.1% |
| Suppliers | 440/4 | €24,035 | €20,171 | -€3,863 | -16.1% |
| Taxes, remuneration and social security | 45 | €47,026 | €38,931 | -€8,095 | -17.2% |
| Taxes | 450/3 | €4,930 | €10,094 | +€5,164 | +105% |
| Remuneration and social security | 454/9 | €42,096 | €28,836 | -€13,259 | -31.5% |
| Other amounts payable | 47/48 | €7,006 | €1,144 | -€5,862 | -83.7% |
| Remuneration, social security and pensions | 62 | €194,430 | €192,467 | -€1,964 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,812 | €28,302 | +€2,489 | +9.6% |
| Other operating charges | 640/8 | €505 | €910 | +€405 | +80.1% |
| Gross operating margin | 9900 | €265,214 | €249,498 | -€15,715 | -5.9% |
| Operating profit (loss) | 9901 | €44,466 | €27,820 | -€16,646 | -37.4% |
| Financial income | 75/76B | €107 | €0 | -€107 | -99.7% |
| Recurring financial income | 75 | €107 | €0 | -€107 | -99.7% |
| Financial charges | 65/66B | €8,476 | €8,733 | +€257 | +3.0% |
| Recurring financial charges | 65 | €8,476 | €8,733 | +€257 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €36,097 | €19,087 | -€17,010 | -47.1% |
| Income taxes | 67/77 | €6,707 | €3,592 | -€3,115 | -46.4% |
| Profit (loss) for the period | 9904 | €29,390 | €15,495 | -€13,895 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,390 | €15,495 | -€13,895 | -47.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.