BRANON: what changed
BRANON
Largest movements
- Current investments -€124,598
down €124,598 (-34.5%), from €360,802 to €236,204
- Financial fixed assets +€100,000
up €100,000 (+60.2%), from €166,250 to €266,250
- Receivables after one year +€82,500
up €82,500 (+82.5%), from €100,000 to €182,500
- Tangible fixed assets -€12,685
down €12,685 (-29.1%), from €43,542 to €30,857
of which Leasing and similar rights: -€12,188
- Reserves +€71,122
up €71,122 (+13.8%), from €513,913 to €585,034
- Other debts -€22,811
down €22,811 (-23.8%), from €95,886 to €73,076
- Tax, wage and social debts -€12,536
down €12,536 (-38.3%), from €32,688 to €20,152
- Debts after one year -€11,805
down €11,805 (-40.5%), from €29,181 to €17,376
- Trade debts +€11,380
up €11,380 (+144%), from €7,891 to €19,271
- Financial income +€166,113
up €166,113 (+5,216%), from €3,184 to €169,298
- Gross operating margin -€66,593
down €66,593, from €21,036 to -€45,557
- Taxes +€22,179
up €22,179 (+868%), from €2,554 to €24,733
- Depreciation +€4,289
up €4,289 (+48.0%), from €8,933 to €13,222
- Financial charges -€2,108
down €2,108 (-20.1%), from €10,472 to €8,364
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €701,233 | €739,114 | +€37,882 | +5.4% |
| Fixed assets | 21/28 | €209,792 | €297,107 | +€87,315 | +41.6% |
| Tangible fixed assets | 22/27 | €43,542 | €30,857 | -€12,685 | -29.1% |
| Furniture and vehicles | 24 | €2,982 | €2,485 | -€497 | -16.7% |
| Leasing and similar rights | 25 | €40,560 | €28,372 | -€12,188 | -30.0% |
| Financial fixed assets | 28 | €166,250 | €266,250 | +€100,000 | +60.2% |
| Current assets | 29/58 | €491,440 | €442,007 | -€49,433 | -10.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €182,500 | +€82,500 | +82.5% |
| Other amounts receivable | 291 | €100,000 | €182,500 | +€82,500 | +82.5% |
| Amounts receivable within one year | 40/41 | €16,121 | €14,174 | -€1,947 | -12.1% |
| Trade receivables | 40 | €7,947 | - | -€7,947 | |
| Other amounts receivable | 41 | €8,174 | €14,174 | +€6,000 | +73.4% |
| Current investments | 50/53 | €360,802 | €236,204 | -€124,598 | -34.5% |
| Cash at bank and in hand | 54/58 | €10,246 | €9,129 | -€1,117 | -10.9% |
| Deferred charges and accrued income | 490/1 | €4,272 | - | -€4,272 | |
| Total equity and liabilities | 10/49 | €701,233 | €739,114 | +€37,882 | +5.4% |
| Equity | 10/15 | €524,238 | €597,434 | +€73,196 | +14.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €513,913 | €585,034 | +€71,122 | +13.8% |
| Distributable reserves | 133 | €513,913 | €585,034 | +€71,122 | +13.8% |
| Profit (loss) carried forward | 14 | -€2,075 | - | +€2,075 | |
| Amounts payable | 17/49 | €176,995 | €141,680 | -€35,315 | -20.0% |
| Amounts payable after more than one year | 17 | €29,181 | €17,376 | -€11,805 | -40.5% |
| Financial debts | 170/4 | €29,181 | €17,376 | -€11,805 | -40.5% |
| Amounts payable within one year | 42/48 | €147,814 | €124,304 | -€23,510 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €11,349 | €11,805 | +€456 | +4.0% |
| Trade debts | 44 | €7,891 | €19,271 | +€11,380 | +144% |
| Suppliers | 440/4 | €7,891 | €19,271 | +€11,380 | +144% |
| Taxes, remuneration and social security | 45 | €32,688 | €20,152 | -€12,536 | -38.3% |
| Taxes | 450/3 | €32,688 | €20,152 | -€12,536 | -38.3% |
| Other amounts payable | 47/48 | €95,886 | €73,076 | -€22,811 | -23.8% |
| Non-recurring operating income | 76A | €2,983 | - | -€2,983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,933 | €13,222 | +€4,289 | +48.0% |
| Other operating charges | 640/8 | €4,336 | €4,226 | -€111 | -2.6% |
| Gross operating margin | 9900 | €21,036 | -€45,557 | -€66,593 | |
| Operating profit (loss) | 9901 | €7,767 | -€63,005 | -€70,771 | |
| Financial income | 75/76B | €3,184 | €169,298 | +€166,113 | +5,216% |
| Recurring financial income | 75 | €3,184 | €169,298 | +€166,113 | +5,216% |
| Financial charges | 65/66B | €10,472 | €8,364 | -€2,108 | -20.1% |
| Recurring financial charges | 65 | €10,472 | €8,364 | -€2,108 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €479 | €97,929 | +€97,450 | +20,336% |
| Income taxes | 67/77 | €2,554 | €24,733 | +€22,179 | +868% |
| Profit (loss) for the period | 9904 | -€2,075 | €73,196 | +€75,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,075 | €73,196 | +€75,271 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.