BRAGANZA: 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.
BRAGANZA
Largest movements
- Tangible fixed assets +€41,402
up €41,402 (+451%), from €9,180 to €50,582
- Receivables after one year -€6,151
down €6,151 (-22.6%), from €27,180 to €21,029
- Cash +€5,198
up €5,198 (+9.2%), from €56,495 to €61,693
mainly Debts after one year (+€30,128) and Net result for the year (+€13,182)
- Receivables within one year +€4,571
up €4,571 (+52.6%), from €8,683 to €13,254
of which Trade receivables: +€2,688
- Debts after one year +€30,128
new in 2025: €30,128
- Profit (loss) carried forward +€13,182
up €13,182 (+20.2%), from €65,328 to €78,510
- Current portion of long-term debt +€7,454
new in 2025: €7,454
- Tax, wage and social debts -€6,430
down €6,430 (-61.3%), from €10,482 to €4,052
- Gross operating margin -€10,999
down €10,999 (-30.0%), from €36,694 to €25,695
- Depreciation +€6,187
up €6,187 (+518%), from €1,195 to €7,382
- Taxes -€3,039
down €3,039 (-42.3%), from €7,181 to €4,142
- Financial charges +€378
up €378 (+77.0%), from €491 to €869
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 | €101,538 | €146,558 | +€45,020 | +44.3% |
| Fixed assets | 21/28 | €9,180 | €50,582 | +€41,402 | +451% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €9,180 | €50,582 | +€41,402 | +451% |
| Furniture and vehicles | 24 | €9,180 | €50,582 | +€41,402 | +451% |
| Current assets | 29/58 | €92,358 | €95,976 | +€3,618 | +3.9% |
| Amounts receivable after more than one year | 29 | €27,180 | €21,029 | -€6,151 | -22.6% |
| Other amounts receivable | 291 | €27,180 | €21,029 | -€6,151 | -22.6% |
| Amounts receivable within one year | 40/41 | €8,683 | €13,254 | +€4,571 | +52.6% |
| Trade receivables | 40 | €5,383 | €8,071 | +€2,688 | +49.9% |
| Other amounts receivable | 41 | €3,300 | €5,183 | +€1,883 | +57.1% |
| Cash at bank and in hand | 54/58 | €56,495 | €61,693 | +€5,198 | +9.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €101,538 | €146,558 | +€45,020 | +44.3% |
| Equity | 10/15 | €85,788 | €98,970 | +€13,182 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,328 | €78,510 | +€13,182 | +20.2% |
| Amounts payable | 17/49 | €15,750 | €47,588 | +€31,838 | +202% |
| Amounts payable after more than one year | 17 | - | €30,128 | +€30,128 | |
| Financial debts | 170/4 | - | €30,128 | +€30,128 | |
| Amounts payable within one year | 42/48 | €15,750 | €17,460 | +€1,710 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,454 | +€7,454 | |
| Trade debts | 44 | €5,268 | €5,954 | +€686 | +13.0% |
| Suppliers | 440/4 | €5,268 | €5,954 | +€686 | +13.0% |
| Taxes, remuneration and social security | 45 | €10,482 | €4,052 | -€6,430 | -61.3% |
| Taxes | 450/3 | €10,482 | €4,052 | -€6,430 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,195 | €7,382 | +€6,187 | +518% |
| Other operating charges | 640/8 | €832 | €775 | -€57 | -6.9% |
| Gross operating margin | 9900 | €36,694 | €25,695 | -€10,999 | -30.0% |
| Operating profit (loss) | 9901 | €34,667 | €17,538 | -€17,129 | -49.4% |
| Financial income | 75/76B | €810 | €655 | -€155 | -19.1% |
| Recurring financial income | 75 | €810 | €655 | -€155 | -19.1% |
| Financial charges | 65/66B | €491 | €869 | +€378 | +77.0% |
| Recurring financial charges | 65 | €491 | €869 | +€378 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | €34,986 | €17,324 | -€17,662 | -50.5% |
| Income taxes | 67/77 | €7,181 | €4,142 | -€3,039 | -42.3% |
| Profit (loss) for the period | 9904 | €27,805 | €13,182 | -€14,623 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,805 | €13,182 | -€14,623 | -52.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.