BRAINE MANAGEMENT: 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.
What changed
BRAINE MANAGEMENT
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€70,297
2024 · -€30,992+€101,289
Equity
€1.5m
2024 · €1.6m-€9,703
Cash
€242,374
2024 · €219,861+€22,513
Balance sheet total
€1.8m
2024 · €1.8m+€10,318
Largest movements
Assets
- Tangible fixed assets -€65,701
down €65,701 (-4.2%), from €1.6m to €1.5m
of which Land and buildings: -€63,884
- Receivables within one year +€54,696
up €54,696 (+31,166%), from €176 to €54,871
of which Other amounts receivable: +€46,313
- Cash +€22,513
up €22,513 (+10.2%), from €219,861 to €242,374
mainly Depreciation (+€70,573) and Net result for the year (+€70,297)
Equity and liabilities
- Other debts +€27,097
up €27,097 (+51.2%), from €52,903 to €80,000
Income statement
- Depreciation -€65,828
down €65,828 (-48.3%), from €136,401 to €70,573
- Gross operating margin +€42,305
up €42,305 (+27.3%), from €154,712 to €197,018
- Taxes +€17,253
up €17,253 (+357%), from €4,827 to €22,080
- Other operating charges -€11,725
down €11,725 (-28.0%), from €41,824 to €30,099
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.
Result 2024
-€30,992
Gross operating margin
+€42,305
Staff costs
-€90
Depreciation
+€65,828
Other operating charges
+€11,725
Other operating items
-€4
Financial income
+€37
Financial charges
-€1,260
Taxes
-€17,253
Result 2025
€70,297
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€129,511
Investment
-€4,872
Financing
-€102,127
Cash 2024
€219,861
From operations (derived)
+€129,511
Net result for the year
+€70,297
Depreciation
+€70,573
Receivables within one year
-€54,696
Deferred charges and accrued income
+€1,189
Provisions
-€1,205
Trade debts
-€1,961
Tax, wage and social debts
+€16,262
Other debts
+€27,097
Accrued charges and deferred income
+€1,955
Investment (derived)
-€4,872
Investment in fixed assets (net)
-€4,872
Financing
-€102,127
Debts after one year
-€8,709
Current portion of long-term debt
-€13,418
Contributions, distributions and other
-€80,000
Cash 2025
€242,374
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,802,007 | €1,812,326 | +€10,318 | +0.6% |
| Fixed assets | 21/28 | €1,580,781 | €1,515,080 | -€65,701 | -4.2% |
| Tangible fixed assets | 22/27 | €1,579,493 | €1,513,792 | -€65,701 | -4.2% |
| Land and buildings | 22 | €1,545,221 | €1,481,336 | -€63,884 | -4.1% |
| Plant, machinery and equipment | 23 | €32,617 | €31,744 | -€873 | -2.7% |
| Furniture and vehicles | 24 | €1,655 | €712 | -€944 | -57.0% |
| Financial fixed assets | 28 | €1,289 | €1,289 | = | 0.0% |
| Current assets | 29/58 | €221,226 | €297,245 | +€76,019 | +34.4% |
| Amounts receivable within one year | 40/41 | €176 | €54,871 | +€54,696 | +31,166% |
| Trade receivables | 40 | €176 | €8,558 | +€8,382 | +4,776% |
| Other amounts receivable | 41 | - | €46,313 | +€46,313 | |
| Cash at bank and in hand | 54/58 | €219,861 | €242,374 | +€22,513 | +10.2% |
| Deferred charges and accrued income | 490/1 | €1,189 | - | -€1,189 | |
| Total equity and liabilities | 10/49 | €1,802,007 | €1,812,326 | +€10,318 | +0.6% |
| Equity | 10/15 | €1,559,681 | €1,549,977 | -€9,703 | -0.6% |
| Contributions | 10/11 | €286,000 | €286,000 | = | 0.0% |
| Capital | 10 | €286,000 | €286,000 | = | 0.0% |
| Issued capital | 100 | €286,000 | €286,000 | = | 0.0% |
| Reserves | 13 | €93,595 | €89,981 | -€3,614 | -3.9% |
| Non-distributable reserves | 130/1 | €36,311 | €36,311 | = | 0.0% |
| Legal reserve | 130 | €36,311 | €36,311 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,285 | €53,671 | -€3,614 | -6.3% |
| Profit (loss) carried forward | 14 | €1,180,085 | €1,173,996 | -€6,089 | -0.5% |
| Provisions and deferred taxes | 16 | €37,900 | €36,696 | -€1,205 | -3.2% |
| Provisions for liabilities and charges | 160/5 | €18,805 | €18,805 | = | 0.0% |
| Pensions and similar obligations | 160 | €18,805 | €18,805 | = | 0.0% |
| Deferred taxes | 168 | €19,095 | €17,890 | -€1,205 | -6.3% |
| Amounts payable | 17/49 | €204,426 | €225,653 | +€21,226 | +10.4% |
| Amounts payable after more than one year | 17 | €106,668 | €97,959 | -€8,709 | -8.2% |
| Financial debts | 170/4 | €88,278 | €79,569 | -€8,709 | -9.9% |
| Other amounts payable | 178/9 | €18,390 | €18,390 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,042 | €116,022 | +€27,980 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €22,127 | €8,709 | -€13,418 | -60.6% |
| Trade debts | 44 | €1,961 | - | -€1,961 | |
| Suppliers | 440/4 | €1,961 | - | -€1,961 | |
| Taxes, remuneration and social security | 45 | €11,051 | €27,313 | +€16,262 | +147% |
| Taxes | 450/3 | €11,051 | €27,313 | +€16,262 | +147% |
| Other amounts payable | 47/48 | €52,903 | €80,000 | +€27,097 | +51.2% |
| Accrued charges and deferred income | 492/3 | €9,716 | €11,672 | +€1,955 | +20.1% |
| Remuneration, social security and pensions | 62 | €794 | €883 | +€90 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,401 | €70,573 | -€65,828 | -48.3% |
| Other operating charges | 640/8 | €41,824 | €30,099 | -€11,725 | -28.0% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €154,712 | €197,018 | +€42,305 | +27.3% |
| Operating profit (loss) | 9901 | -€24,306 | €95,459 | +€119,765 | |
| Financial income | 75/76B | €0 | €37 | +€37 | +73,940% |
| Recurring financial income | 75 | €0 | €37 | +€37 | +73,940% |
| Financial charges | 65/66B | €3,064 | €4,324 | +€1,260 | +41.1% |
| Recurring financial charges | 65 | €3,064 | €4,324 | +€1,260 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,370 | €91,172 | +€118,542 | |
| Transfer from deferred taxes | 780 | €1,205 | €1,205 | = | 0.0% |
| Income taxes | 67/77 | €4,827 | €22,080 | +€17,253 | +357% |
| Profit (loss) for the period | 9904 | -€30,992 | €70,297 | +€101,289 | |
| Transfer from tax-exempt reserves | 789 | €3,614 | €3,614 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,378 | €73,911 | +€101,289 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.