BRANCHE & TERRE: 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.
BRANCHE & TERRE
Largest movements
- Tangible fixed assets -€8,316
down €8,316 (-41.1%), from €20,252 to €11,936
of which Plant, machinery and equipment: -€6,998
- Receivables within one year -€8,121
down €8,121 (-30.8%), from €26,402 to €18,281
of which Trade receivables: -€6,387
- Cash +€7,492
up €7,492 (+187%), from €4,005 to €11,496
mainly Net result for the year (+€20,008) and Depreciation (+€11,184)
- Deferred charges and accrued income -€961
down €961 (-61.8%), from €1,556 to €595
- Trade debts -€18,054
down €18,054 (-91.2%), from €19,790 to €1,736
- Profit (loss) carried forward +€15,008
up €15,008, from -€9,214 to €5,794
- Tax, wage and social debts -€7,029
down €7,029 (-25.0%), from €28,101 to €21,071
of which Taxes: -€5,195
- Other debts +€4,617
up €4,617 (+426%), from €1,083 to €5,700
- Debts after one year -€4,572
down €4,572 (-62.6%), from €7,298 to €2,726
- Staff costs -€19,539
down €19,539 (-91.4%), from €21,376 to €1,837
- Taxes +€4,587
up €4,587 (+1,349%), from €340 to €4,927
- Gross operating margin -€2,246
down €2,246 (-5.1%), from €44,342 to €42,096
- Other operating charges -€1,044
down €1,044 (-40.6%), from €2,569 to €1,526
- Financial charges -€810
down €810 (-23.4%), from €3,466 to €2,655
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 | €52,506 | €42,599 | -€9,907 | -18.9% |
| Fixed assets | 21/28 | €20,543 | €12,227 | -€8,316 | -40.5% |
| Tangible fixed assets | 22/27 | €20,252 | €11,936 | -€8,316 | -41.1% |
| Plant, machinery and equipment | 23 | €17,746 | €10,748 | -€6,998 | -39.4% |
| Furniture and vehicles | 24 | €2,507 | €1,188 | -€1,318 | -52.6% |
| Financial fixed assets | 28 | €291 | €291 | = | 0.0% |
| Current assets | 29/58 | €31,963 | €30,372 | -€1,591 | -5.0% |
| Amounts receivable within one year | 40/41 | €26,402 | €18,281 | -€8,121 | -30.8% |
| Trade receivables | 40 | €22,835 | €16,448 | -€6,387 | -28.0% |
| Other amounts receivable | 41 | €3,567 | €1,833 | -€1,735 | -48.6% |
| Cash at bank and in hand | 54/58 | €4,005 | €11,496 | +€7,492 | +187% |
| Deferred charges and accrued income | 490/1 | €1,556 | €595 | -€961 | -61.8% |
| Total equity and liabilities | 10/49 | €52,506 | €42,599 | -€9,907 | -18.9% |
| Equity | 10/15 | -€8,214 | €6,794 | +€15,008 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,214 | €5,794 | +€15,008 | |
| Amounts payable | 17/49 | €60,720 | €35,805 | -€24,915 | -41.0% |
| Amounts payable after more than one year | 17 | €7,298 | €2,726 | -€4,572 | -62.6% |
| Financial debts | 170/4 | €7,298 | €2,726 | -€4,572 | -62.6% |
| Amounts payable within one year | 42/48 | €53,422 | €33,079 | -€20,342 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €4,448 | €4,572 | +€125 | +2.8% |
| Trade debts | 44 | €19,790 | €1,736 | -€18,054 | -91.2% |
| Suppliers | 440/4 | €19,790 | €1,736 | -€18,054 | -91.2% |
| Taxes, remuneration and social security | 45 | €28,101 | €21,071 | -€7,029 | -25.0% |
| Taxes | 450/3 | €26,124 | €20,929 | -€5,195 | -19.9% |
| Remuneration and social security | 454/9 | €1,977 | €142 | -€1,835 | -92.8% |
| Other amounts payable | 47/48 | €1,083 | €5,700 | +€4,617 | +426% |
| Remuneration, social security and pensions | 62 | €21,376 | €1,837 | -€19,539 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,755 | €11,184 | +€429 | +4.0% |
| Other operating charges | 640/8 | €2,569 | €1,526 | -€1,044 | -40.6% |
| Gross operating margin | 9900 | €44,342 | €42,096 | -€2,246 | -5.1% |
| Operating profit (loss) | 9901 | €9,641 | €27,549 | +€17,908 | +186% |
| Financial income | 75/76B | €82 | €41 | -€40 | -49.4% |
| Recurring financial income | 75 | €82 | €41 | -€40 | -49.4% |
| Financial charges | 65/66B | €3,466 | €2,655 | -€810 | -23.4% |
| Recurring financial charges | 65 | €3,466 | €2,655 | -€810 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €6,257 | €24,935 | +€18,678 | +299% |
| Income taxes | 67/77 | €340 | €4,927 | +€4,587 | +1,349% |
| Profit (loss) for the period | 9904 | €5,917 | €20,008 | +€14,091 | +238% |
| Profit (loss) for the period to be appropriated | 9905 | €5,917 | €20,008 | +€14,091 | +238% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.