BRANORTHO: 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.
BRANORTHO
Largest movements
- Cash -€52,514
down €52,514 (-16.0%), from €328,847 to €276,333
mainly Contributions, distributions and other (-€195,655) and Receivables within one year (-€16,226)
- Receivables within one year +€16,226
up €16,226 (+41.2%), from €39,373 to €55,599
of which Other amounts receivable: +€9,709
- Tangible fixed assets +€5,777
up €5,777 (+21.0%), from €27,460 to €33,236
of which Furniture and vehicles: +€8,328
- Reserves -€158,419
down €158,419 (-53.6%), from €295,495 to €137,076
- Other debts +€130,278
up €130,278 (+242%), from €53,768 to €184,046
- Gross operating margin -€78,045
down €78,045 (-54.5%), from €143,128 to €65,083
- Staff costs -€41,207
down €41,207 (-93.4%), from €44,110 to €2,903
- Taxes -€10,943
down €10,943 (-35.3%), from €30,988 to €20,045
- Financial income +€2,717
up €2,717 (+405%), from €671 to €3,388
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 | €396,702 | €366,295 | -€30,407 | -7.7% |
| Fixed assets | 21/28 | €27,460 | €33,236 | +€5,777 | +21.0% |
| Tangible fixed assets | 22/27 | €27,460 | €33,236 | +€5,777 | +21.0% |
| Plant, machinery and equipment | 23 | €26,825 | €24,274 | -€2,551 | -9.5% |
| Furniture and vehicles | 24 | €635 | €8,963 | +€8,328 | +1,312% |
| Current assets | 29/58 | €369,242 | €333,058 | -€36,184 | -9.8% |
| Amounts receivable within one year | 40/41 | €39,373 | €55,599 | +€16,226 | +41.2% |
| Trade receivables | 40 | €29,238 | €35,754 | +€6,516 | +22.3% |
| Other amounts receivable | 41 | €10,135 | €19,845 | +€9,709 | +95.8% |
| Cash at bank and in hand | 54/58 | €328,847 | €276,333 | -€52,514 | -16.0% |
| Deferred charges and accrued income | 490/1 | €1,022 | €1,127 | +€105 | +10.2% |
| Total equity and liabilities | 10/49 | €396,702 | €366,295 | -€30,407 | -7.7% |
| Equity | 10/15 | €314,095 | €155,676 | -€158,419 | -50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €295,495 | €137,076 | -€158,419 | -53.6% |
| Distributable reserves | 133 | €295,495 | €137,076 | -€158,419 | -53.6% |
| Amounts payable | 17/49 | €82,607 | €210,619 | +€128,012 | +155% |
| Amounts payable within one year | 42/48 | €82,607 | €210,619 | +€128,012 | +155% |
| Trade debts | 44 | €6,880 | €3,596 | -€3,284 | -47.7% |
| Suppliers | 440/4 | €6,880 | €3,596 | -€3,284 | -47.7% |
| Taxes, remuneration and social security | 45 | €21,958 | €22,977 | +€1,019 | +4.6% |
| Taxes | 450/3 | €17,339 | €22,977 | +€5,638 | +32.5% |
| Remuneration and social security | 454/9 | €4,619 | - | -€4,619 | |
| Other amounts payable | 47/48 | €53,768 | €184,046 | +€130,278 | +242% |
| Remuneration, social security and pensions | 62 | €44,110 | €2,903 | -€41,207 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,575 | €5,824 | +€1,249 | +27.3% |
| Other operating charges | 640/8 | €1,258 | €999 | -€259 | -20.6% |
| Gross operating margin | 9900 | €143,128 | €65,083 | -€78,045 | -54.5% |
| Operating profit (loss) | 9901 | €93,185 | €55,358 | -€37,827 | -40.6% |
| Financial income | 75/76B | €671 | €3,388 | +€2,717 | +405% |
| Recurring financial income | 75 | €671 | €3,388 | +€2,717 | +405% |
| Financial charges | 65/66B | €2,128 | €1,465 | -€663 | -31.1% |
| Recurring financial charges | 65 | €2,128 | €1,465 | -€663 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €91,728 | €57,281 | -€34,448 | -37.6% |
| Income taxes | 67/77 | €30,988 | €20,045 | -€10,943 | -35.3% |
| Profit (loss) for the period | 9904 | €60,740 | €37,236 | -€23,504 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,740 | €37,236 | -€23,504 | -38.7% |
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 19 October 2026 via checked.be.