BRAAN: what changed
Two fiscal 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.
BRAAN
Largest movements
- Cash +€57,117
up €57,117 (+194.9%), from €29,300 to €86,416
mainly Net result for the year (+€98,038) and Depreciation (+€18,774)
- Current investments +€29,962
up €29,962 (+3.9%), from €776,764 to €806,727
- Tangible fixed assets -€16,638
down €16,638 (-30.3%), from €54,922 to €38,284
of which Furniture and vehicles: -€15,451
- Receivables within one year +€14,175
up €14,175 (+53.5%), from €26,477 to €40,652
of which Trade receivables: +€8,980
- Reserves +€98,038
up €98,038 (+10.2%), from €961,299 to €1.1m
- Other debts -€14,648
down €14,648 (-97.7%), from €14,988 to €340
- Financial charges +€12,678
up €12,678 (+185.6%), from €6,832 to €19,510
- Gross operating margin +€6,825
up €6,825 (+6.6%), from €103,136 to €109,961
- Taxes +€3,029
up €3,029 (+8.6%), from €35,301 to €38,330
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.
Cash bridge derived
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 | €1,013,177 | €1,098,204 | +€85,027 | +8.4% |
| Fixed assets | 21/28 | €179,772 | €163,134 | -€16,638 | -9.3% |
| Tangible fixed assets | 22/27 | €54,922 | €38,284 | -€16,638 | -30.3% |
| Plant, machinery and equipment | 23 | €489 | €71 | -€418 | -85.5% |
| Furniture and vehicles | 24 | €48,145 | €32,694 | -€15,451 | -32.1% |
| Other tangible fixed assets | 26 | €6,288 | €5,519 | -€769 | -12.2% |
| Financial fixed assets | 28 | €124,850 | €124,850 | = | 0.0% |
| Current assets | 29/58 | €833,405 | €935,070 | +€101,665 | +12.2% |
| Amounts receivable within one year | 40/41 | €26,477 | €40,652 | +€14,175 | +53.5% |
| Trade receivables | 40 | €26,477 | €35,457 | +€8,980 | +33.9% |
| Other amounts receivable | 41 | - | €5,195 | +€5,195 | |
| Current investments | 50/53 | €776,764 | €806,727 | +€29,962 | +3.9% |
| Cash at bank and in hand | 54/58 | €29,300 | €86,416 | +€57,117 | +194.9% |
| Deferred charges and accrued income | 490/1 | €865 | €1,275 | +€411 | +47.5% |
| Total equity and liabilities | 10/49 | €1,013,177 | €1,098,204 | +€85,027 | +8.4% |
| Equity | 10/15 | €987,785 | €1,085,823 | +€98,038 | +9.9% |
| Contributions | 10/11 | €26,486 | €26,486 | = | 0.0% |
| Reserves | 13 | €961,299 | €1,059,336 | +€98,038 | +10.2% |
| Distributable reserves | 133 | €961,299 | €1,059,336 | +€98,038 | +10.2% |
| Amounts payable | 17/49 | €25,392 | €12,381 | -€13,011 | -51.2% |
| Amounts payable within one year | 42/48 | €25,392 | €12,381 | -€13,011 | -51.2% |
| Trade debts | 44 | €755 | €8,003 | +€7,248 | +960.7% |
| Suppliers | 440/4 | €755 | €8,003 | +€7,248 | +960.7% |
| Taxes, remuneration and social security | 45 | €9,649 | €4,038 | -€5,612 | -58.2% |
| Taxes | 450/3 | €9,649 | €4,038 | -€5,612 | -58.2% |
| Other amounts payable | 47/48 | €14,988 | €340 | -€14,648 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,249 | €18,774 | -€475 | -2.5% |
| Other operating charges | 640/8 | €1,524 | €528 | -€995 | -65.3% |
| Gross operating margin | 9900 | €103,136 | €109,961 | +€6,825 | +6.6% |
| Operating profit (loss) | 9901 | €82,364 | €90,659 | +€8,295 | +10.1% |
| Financial income | 75/76B | €64,276 | €65,219 | +€943 | +1.5% |
| Recurring financial income | 75 | €64,276 | €65,219 | +€943 | +1.5% |
| Financial charges | 65/66B | €6,832 | €19,510 | +€12,678 | +185.6% |
| Recurring financial charges | 65 | €6,832 | €19,510 | +€12,678 | +185.6% |
| Profit (loss) for the period before taxes | 9903 | €139,808 | €136,367 | -€3,440 | -2.5% |
| Income taxes | 67/77 | €35,301 | €38,330 | +€3,029 | +8.6% |
| Profit (loss) for the period | 9904 | €104,507 | €98,038 | -€6,470 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,507 | €98,038 | -€6,470 | -6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.