BRANICO: 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.
BRANICO
Largest movements
- Cash +€279,002
up €279,002 (+18055.1%), from €1,545 to €280,547
mainly Net result for the year (+€823,778) and Depreciation (+€76,824)
- Current investments +€200,000
new in 2025: €200,000
- Receivables after one year +€147,099
up €147,099 (+258.1%), from €57,000 to €204,099
- Receivables within one year +€87,127
up €87,127, from €0 to €87,127
of which Other amounts receivable: +€87,127
- Tangible fixed assets -€72,808
down €72,808 (-3.3%), from €2.2m to €2.2m
of which Land and buildings: -€54,831
- Reserves +€747,556
up €747,556 (+180.6%), from €413,945 to €1.2m
of which Distributable reserves: +€754,382
- Debts after one year -€153,480
down €153,480 (-11.2%), from €1.4m to €1.2m
of which Other amounts payable: -€903,000
- Profit (loss) carried forward +€76,222
up €76,222, from -€76,222 to €0
- Financial income +€576,482
up €576,482 (+235.1%), from €245,188 to €821,670
of which Non-recurring financial income: +€545,849
- Gross operating margin -€86,391
down €86,391 (-41.3%), from €209,065 to €122,674
- Taxes +€23,266
new in 2025: €23,266
- Financial charges -€16,380
down €16,380 (-53.9%), from €30,375 to €13,995
of which Financial charges: -€16,380
- Other operating charges -€7,990
down €7,990 (-51.8%), from €15,429 to €7,439
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 | €2,300,099 | €2,930,907 | +€630,808 | +27.4% |
| Fixed assets | 21/28 | €2,223,514 | €2,150,706 | -€72,808 | -3.3% |
| Tangible fixed assets | 22/27 | €2,223,514 | €2,150,706 | -€72,808 | -3.3% |
| Land and buildings | 22 | €2,164,364 | €2,109,533 | -€54,831 | -2.5% |
| Plant, machinery and equipment | 23 | €11,330 | €6,795 | -€4,535 | -40.0% |
| Furniture and vehicles | 24 | €47,821 | €34,379 | -€13,442 | -28.1% |
| Current assets | 29/58 | €76,585 | €780,201 | +€703,616 | +918.7% |
| Amounts receivable after more than one year | 29 | €57,000 | €204,099 | +€147,099 | +258.1% |
| Other amounts receivable | 291 | €57,000 | €204,099 | +€147,099 | +258.1% |
| Amounts receivable within one year | 40/41 | €0 | €87,127 | +€87,127 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €87,127 | +€87,127 | |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €1,545 | €280,547 | +€279,002 | +18055.1% |
| Deferred charges and accrued income | 490/1 | €18,040 | €8,428 | -€9,612 | -53.3% |
| Total equity and liabilities | 10/49 | €2,300,099 | €2,930,907 | +€630,808 | +27.4% |
| Equity | 10/15 | €522,175 | €1,345,953 | +€823,778 | +157.8% |
| Contributions | 10/11 | €184,452 | €184,452 | = | 0.0% |
| Reserves | 13 | €413,945 | €1,161,501 | +€747,556 | +180.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €413,945 | €407,119 | -€6,825 | -1.6% |
| Distributable reserves | 133 | - | €754,382 | +€754,382 | |
| Profit (loss) carried forward | 14 | -€76,222 | €0 | +€76,222 | |
| Provisions and deferred taxes | 16 | €138,002 | €135,726 | -€2,275 | -1.6% |
| Deferred taxes | 168 | €138,002 | €135,726 | -€2,275 | -1.6% |
| Amounts payable | 17/49 | €1,639,923 | €1,449,227 | -€190,696 | -11.6% |
| Amounts payable after more than one year | 17 | €1,365,400 | €1,211,920 | -€153,480 | -11.2% |
| Financial debts | 170/4 | €462,400 | €1,211,920 | +€749,520 | +162.1% |
| Other amounts payable | 178/9 | €903,000 | - | -€903,000 | |
| Amounts payable within one year | 42/48 | €250,523 | €237,113 | -€13,410 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €163,200 | €163,200 | = | 0.0% |
| Financial debts | 43 | €50,000 | €41,469 | -€8,531 | -17.1% |
| Credit institutions | 430/8 | €50,000 | €41,469 | -€8,531 | -17.1% |
| Trade debts | 44 | €2,104 | €5,365 | +€3,261 | +154.9% |
| Suppliers | 440/4 | €2,104 | €5,365 | +€3,261 | +154.9% |
| Taxes, remuneration and social security | 45 | €3,709 | €13,416 | +€9,707 | +261.7% |
| Taxes | 450/3 | €1,829 | €13,416 | +€11,587 | +633.6% |
| Remuneration and social security | 454/9 | €1,880 | €0 | -€1,880 | -100.0% |
| Other amounts payable | 47/48 | €31,510 | €13,663 | -€17,847 | -56.6% |
| Accrued charges and deferred income | 492/3 | €24,000 | €195 | -€23,806 | -99.2% |
| Non-recurring operating income | 76A | €139,075 | €10,571 | -€128,504 | -92.4% |
| Remuneration, social security and pensions | 62 | - | €1,316 | +€1,316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,513 | €76,824 | -€689 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,363 | €0 | +€1,363 | |
| Other operating charges | 640/8 | €15,429 | €7,439 | -€7,990 | -51.8% |
| Non-recurring operating charges | 66A | €292,966 | - | -€292,966 | |
| Gross operating margin | 9900 | €209,065 | €122,674 | -€86,391 | -41.3% |
| Operating profit (loss) | 9901 | -€175,480 | €37,094 | +€212,574 | |
| Financial income | 75/76B | €245,188 | €821,670 | +€576,482 | +235.1% |
| Recurring financial income | 75 | €14,923 | €45,555 | +€30,632 | +205.3% |
| Non-recurring financial income | 76B | €230,266 | €776,115 | +€545,849 | +237.1% |
| Financial charges | 65/66B | €30,375 | €13,995 | -€16,380 | -53.9% |
| Recurring financial charges | 65 | €30,375 | €13,995 | -€16,380 | -53.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €39,333 | €844,769 | +€805,436 | +2047.7% |
| Transfer from deferred taxes | 780 | €2,161 | €2,275 | +€114 | +5.3% |
| Transfer to deferred taxes | 680 | €34,656 | €0 | -€34,656 | -100.0% |
| Income taxes | 67/77 | - | €23,266 | +€23,266 | |
| Profit (loss) for the period | 9904 | €6,838 | €823,778 | +€816,940 | +11946.3% |
| Transfer from tax-exempt reserves | 789 | €6,484 | €6,825 | +€341 | +5.3% |
| Transfer to tax-exempt reserves | 689 | €103,907 | €0 | -€103,907 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,585 | €830,604 | +€921,189 |
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 5 October 2026 via checked.be.