BRANCHING BEAVER: 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.
BRANCHING BEAVER
Largest movements
- Cash +€75,614
up €75,614 (+371.5%), from €20,353 to €95,967
mainly Net result for the year (+€73,946) and Current investments (+€45,082)
- Current investments -€45,082
down €45,082 (-90.2%), from €50,000 to €4,918
- Receivables within one year -€8,777
down €8,777 (-26.2%), from €33,452 to €24,675
- Profit (loss) carried forward +€73,946
up €73,946 (+402.5%), from €18,373 to €92,319
- Other debts -€56,865
down €56,865 (-98.8%), from €57,559 to €694
- Trade debts +€4,746
up €4,746 (+932.0%), from €509 to €5,255
- Tax, wage and social debts +€1,444
up €1,444 (+5.5%), from €26,340 to €27,784
- Gross operating margin +€7,550
up €7,550 (+8.3%), from €90,852 to €98,402
- Taxes +€1,680
up €1,680 (+9.2%), from €18,189 to €19,869
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.
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 | €106,301 | €129,169 | +€22,868 | +21.5% |
| Fixed assets | 21/28 | €659 | €1,803 | +€1,144 | +173.6% |
| Tangible fixed assets | 22/27 | €659 | €1,803 | +€1,144 | +173.6% |
| Furniture and vehicles | 24 | €659 | €1,803 | +€1,144 | +173.6% |
| Current assets | 29/58 | €105,642 | €127,365 | +€21,723 | +20.6% |
| Amounts receivable within one year | 40/41 | €33,452 | €24,675 | -€8,777 | -26.2% |
| Trade receivables | 40 | €33,452 | €24,675 | -€8,777 | -26.2% |
| Current investments | 50/53 | €50,000 | €4,918 | -€45,082 | -90.2% |
| Cash at bank and in hand | 54/58 | €20,353 | €95,967 | +€75,614 | +371.5% |
| Deferred charges and accrued income | 490/1 | €1,837 | €1,805 | -€32 | -1.7% |
| Total equity and liabilities | 10/49 | €106,301 | €129,169 | +€22,868 | +21.5% |
| Equity | 10/15 | €21,373 | €95,319 | +€73,946 | +346.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,373 | €92,319 | +€73,946 | +402.5% |
| Amounts payable | 17/49 | €84,928 | €33,850 | -€51,079 | -60.1% |
| Amounts payable within one year | 42/48 | €84,408 | €33,734 | -€50,675 | -60.0% |
| Trade debts | 44 | €509 | €5,255 | +€4,746 | +932.0% |
| Suppliers | 440/4 | €509 | €5,255 | +€4,746 | +932.0% |
| Taxes, remuneration and social security | 45 | €26,340 | €27,784 | +€1,444 | +5.5% |
| Taxes | 450/3 | €26,340 | €27,784 | +€1,444 | +5.5% |
| Other amounts payable | 47/48 | €57,559 | €694 | -€56,865 | -98.8% |
| Accrued charges and deferred income | 492/3 | €520 | €116 | -€404 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427 | €526 | +€99 | +23.0% |
| Other operating charges | 640/8 | €190 | €173 | -€17 | -8.9% |
| Gross operating margin | 9900 | €90,852 | €98,402 | +€7,550 | +8.3% |
| Operating profit (loss) | 9901 | €90,234 | €97,703 | +€7,469 | +8.3% |
| Financial income | 75/76B | €269 | €228 | -€41 | -15.4% |
| Recurring financial income | 75 | €269 | €228 | -€41 | -15.4% |
| Financial charges | 65/66B | €3,942 | €4,116 | +€174 | +4.4% |
| Recurring financial charges | 65 | €3,942 | €4,116 | +€174 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €86,561 | €93,815 | +€7,254 | +8.4% |
| Income taxes | 67/77 | €18,189 | €19,869 | +€1,680 | +9.2% |
| Profit (loss) for the period | 9904 | €68,373 | €73,946 | +€5,574 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,373 | €73,946 | +€5,574 | +8.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.