BRAN: 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.
BRAN
Largest movements
- Tangible fixed assets -€112,098
down €112,098 (-84.8%), from €132,246 to €20,147
of which Land and buildings: -€103,855
- Cash +€13,992
up €13,992 (+45.9%), from €30,501 to €44,493
mainly Investment in fixed assets (net) (+€103,855) and Net result for the year (+€60,428)
- Receivables within one year +€9,089
up €9,089 (+1094.0%), from €831 to €9,920
of which Trade receivables: +€8,247
- Reserves -€87,612
down €87,612 (-59.2%), from €148,041 to €60,428
- Gross operating margin +€71,026
up €71,026 (+374.7%), from €18,953 to €89,979
- Taxes +€20,049
up €20,049 (+14373.3%), from €139 to €20,189
- Depreciation -€9,005
down €9,005 (-52.2%), from €17,248 to €8,243
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 | €170,627 | €81,634 | -€88,992 | -52.2% |
| Fixed assets | 21/28 | €138,246 | €26,147 | -€112,098 | -81.1% |
| Tangible fixed assets | 22/27 | €132,246 | €20,147 | -€112,098 | -84.8% |
| Land and buildings | 22 | €103,855 | €0 | -€103,855 | -100.0% |
| Furniture and vehicles | 24 | €28,390 | €20,147 | -€8,243 | -29.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €32,381 | €55,487 | +€23,106 | +71.4% |
| Amounts receivable within one year | 40/41 | €831 | €9,920 | +€9,089 | +1094.0% |
| Trade receivables | 40 | €831 | €9,078 | +€8,247 | +992.6% |
| Other amounts receivable | 41 | €0 | €842 | +€842 | |
| Cash at bank and in hand | 54/58 | €30,501 | €44,493 | +€13,992 | +45.9% |
| Deferred charges and accrued income | 490/1 | €1,050 | €1,074 | +€25 | +2.4% |
| Total equity and liabilities | 10/49 | €170,627 | €81,634 | -€88,992 | -52.2% |
| Equity | 10/15 | €166,641 | €79,028 | -€87,612 | -52.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,041 | €60,428 | -€87,612 | -59.2% |
| Distributable reserves | 133 | €148,041 | €60,428 | -€87,612 | -59.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,986 | €2,606 | -€1,380 | -34.6% |
| Amounts payable within one year | 42/48 | €3,986 | €2,601 | -€1,385 | -34.7% |
| Financial debts | 43 | €90 | €0 | -€90 | -100.0% |
| Credit institutions | 430/8 | €90 | €0 | -€90 | -100.0% |
| Trade debts | 44 | €1,071 | €1,119 | +€48 | +4.4% |
| Suppliers | 440/4 | €1,071 | €1,119 | +€48 | +4.4% |
| Taxes, remuneration and social security | 45 | €2,688 | €1,346 | -€1,343 | -49.9% |
| Taxes | 450/3 | €2,688 | €1,346 | -€1,343 | -49.9% |
| Other amounts payable | 47/48 | €136 | €136 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €5 | +€5 | |
| Non-recurring operating income | 76A | €0 | €101,145 | +€101,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,248 | €8,243 | -€9,005 | -52.2% |
| Other operating charges | 640/8 | €1,014 | €1,161 | +€147 | +14.5% |
| Gross operating margin | 9900 | €18,953 | €89,979 | +€71,026 | +374.7% |
| Operating profit (loss) | 9901 | €692 | €80,576 | +€79,884 | +11552.1% |
| Financial income | 75/76B | €566 | €102 | -€464 | -81.9% |
| Recurring financial income | 75 | €1 | €102 | +€101 | +10898.9% |
| Non-recurring financial income | 76B | €565 | €0 | -€565 | -100.0% |
| Financial charges | 65/66B | €55 | €61 | +€6 | +10.9% |
| Recurring financial charges | 65 | €55 | €61 | +€6 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €1,203 | €80,617 | +€79,414 | +6600.6% |
| Income taxes | 67/77 | €139 | €20,189 | +€20,049 | +14373.3% |
| Profit (loss) for the period | 9904 | €1,064 | €60,428 | +€59,365 | +5581.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,064 | €60,428 | +€59,365 | +5581.3% |
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 8 October 2026 via checked.be.