Branigan: 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
Branigan
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€255,270
2024 · €228,780+€26,490
Equity
€6.5m
2024 · €6.4m+€55,121
Cash
€1.6m
2024 · €1.6m-€12,942
Balance sheet total
€6.7m
2024 · €6.6m+€181,395
Largest movements
Assets
- Current investments +€299,532
up €299,532 (+55.6%), from €538,893 to €838,425
- Tangible fixed assets -€117,793
down €117,793 (-2.7%), from €4.4m to €4.3m
Equity and liabilities
- Other debts +€135,863
up €135,863 (+210%), from €64,809 to €200,672
Income statement
- Gross operating margin +€21,654
up €21,654 (+4.5%), from €484,703 to €506,357
- Financial income +€13,651
up €13,651 (+70.7%), from €19,303 to €32,954
- Financial charges +€5,828
up €5,828 (+938%), from €621 to €6,449
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
€228,780
Gross operating margin
+€21,654
Depreciation
-€1,756
Other operating charges
-€1,196
Financial income
+€13,651
Financial charges
-€5,828
Taxes
-€35
Result 2025
€255,270
raises the resultlowers the result
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
+€516,684
Investment
-€329,477
Financing
-€200,149
Cash 2024
€1.6m
From operations (derived)
+€516,684
Net result for the year
+€255,270
Depreciation
+€147,738
Receivables within one year
-€3,490
Deferred charges and accrued income
-€9,108
Trade debts
-€194
Tax, wage and social debts
-€21,290
Other debts
+€135,863
Accrued charges and deferred income
+€11,894
Investment (derived)
-€329,477
Investment in fixed assets (net)
-€29,945
Current investments
-€299,532
Financing
-€200,149
Contributions, distributions and other
-€200,149
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,553,665 | €6,735,060 | +€181,395 | +2.8% |
| Fixed assets | 21/28 | €4,410,812 | €4,293,019 | -€117,793 | -2.7% |
| Tangible fixed assets | 22/27 | €4,410,812 | €4,293,019 | -€117,793 | -2.7% |
| Land and buildings | 22 | €4,410,812 | €4,293,019 | -€117,793 | -2.7% |
| Current assets | 29/58 | €2,142,853 | €2,442,041 | +€299,188 | +14.0% |
| Amounts receivable within one year | 40/41 | - | €3,490 | +€3,490 | |
| Other amounts receivable | 41 | - | €3,490 | +€3,490 | |
| Current investments | 50/53 | €538,893 | €838,425 | +€299,532 | +55.6% |
| Cash at bank and in hand | 54/58 | €1,586,646 | €1,573,704 | -€12,942 | -0.8% |
| Deferred charges and accrued income | 490/1 | €17,314 | €26,422 | +€9,108 | +52.6% |
| Total equity and liabilities | 10/49 | €6,553,665 | €6,735,060 | +€181,395 | +2.8% |
| Equity | 10/15 | €6,431,720 | €6,486,842 | +€55,121 | +0.9% |
| Contributions | 10/11 | €6,050,000 | €6,050,000 | = | 0.0% |
| Reserves | 13 | €381,720 | €436,842 | +€55,121 | +14.4% |
| Non-distributable reserves | 130/1 | €1,979 | - | -€1,979 | |
| Reserves not available under the articles | 1311 | €1,979 | - | -€1,979 | |
| Distributable reserves | 133 | €379,741 | €436,842 | +€57,100 | +15.0% |
| Amounts payable | 17/49 | €121,945 | €248,218 | +€126,274 | +104% |
| Amounts payable within one year | 42/48 | €100,786 | €215,166 | +€114,379 | +113% |
| Trade debts | 44 | €14,688 | €14,493 | -€194 | -1.3% |
| Suppliers | 440/4 | €14,688 | €14,493 | -€194 | -1.3% |
| Taxes, remuneration and social security | 45 | €21,290 | - | -€21,290 | |
| Taxes | 450/3 | €21,290 | - | -€21,290 | |
| Other amounts payable | 47/48 | €64,809 | €200,672 | +€135,863 | +210% |
| Accrued charges and deferred income | 492/3 | €21,159 | €33,053 | +€11,894 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,983 | €147,738 | +€1,756 | +1.2% |
| Other operating charges | 640/8 | €30,543 | €31,738 | +€1,196 | +3.9% |
| Gross operating margin | 9900 | €484,703 | €506,357 | +€21,654 | +4.5% |
| Operating profit (loss) | 9901 | €308,178 | €326,881 | +€18,703 | +6.1% |
| Financial income | 75/76B | €19,303 | €32,954 | +€13,651 | +70.7% |
| Recurring financial income | 75 | €19,303 | €32,954 | +€13,651 | +70.7% |
| Financial charges | 65/66B | €621 | €6,449 | +€5,828 | +938% |
| Recurring financial charges | 65 | €621 | €6,449 | +€5,828 | +938% |
| Profit (loss) for the period before taxes | 9903 | €326,860 | €353,386 | +€26,526 | +8.1% |
| Income taxes | 67/77 | €98,080 | €98,115 | +€35 | 0.0% |
| Profit (loss) for the period | 9904 | €228,780 | €255,270 | +€26,490 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €228,780 | €255,270 | +€26,490 | +11.6% |
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 15 October 2026 via checked.be.