Branson CD: what changed
What changed
Branson CD
NACE 46.421, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€144,472
2024 · €188,601-€44,129
Equity
€789,340
2024 · €644,868+€144,472
Cash
€251,482
2024 · €273,124-€21,642
Balance sheet total
€1.4m
2024 · €1.4m-€3,908
Largest movements
Assets
- Stocks and contracts +€105,397
up €105,397 (+23.1%), from €455,750 to €561,147
- Deferred charges and accrued income -€56,277
down €56,277 (-100%), from €56,277 to €0
- Receivables within one year -€26,343
down €26,343 (-4.8%), from €552,129 to €525,786
of which Trade receivables: -€34,741
- Cash -€21,642
down €21,642 (-7.9%), from €273,124 to €251,482
mainly Stocks and contracts (-€105,397) and Other debts (-€98,101)
Equity and liabilities
- Reserves +€144,472
up €144,472 (+23.1%), from €626,268 to €770,740
of which Distributable reserves: +€146,332
- Other debts -€98,101
down €98,101 (-96.2%), from €101,965 to €3,864
- Tax, wage and social debts -€45,029
down €45,029 (-35.6%), from €126,651 to €81,622
of which Taxes: -€43,569
- Debts after one year -€26,680
down €26,680 (-67.3%), from €39,659 to €12,979
- Short-term financial debts +€20,000
new in 2025: €20,000
Income statement
- Gross operating margin -€45,552
down €45,552 (-6.9%), from €660,508 to €614,957
- Staff costs -€16,243
down €16,243 (-4.7%), from €349,060 to €332,816
- Depreciation +€14,685
up €14,685 (+41.6%), from €35,323 to €50,008
- Taxes -€13,492
down €13,492 (-20.4%), from €66,121 to €52,628
- Write-downs +€11,890
new in 2025: €11,890
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.
Result 2024
€188,601
Gross operating margin
-€45,552
Staff costs
+€16,243
Depreciation
-€14,685
Write-downs
-€11,890
Other operating charges
-€138
Financial income
-€1,190
Financial charges
-€409
Taxes
+€13,492
Result 2025
€144,472
raises the resultlowers the result
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.
From operations
+€39,482
Investment
-€44,965
Financing
-€16,159
Cash 2024
€273,124
From operations (derived)
+€39,482
Net result for the year
+€144,472
Depreciation
+€50,008
Stocks and contracts
-€105,397
Receivables within one year
+€26,343
Deferred charges and accrued income
+€56,277
Trade debts
+€10,890
Tax, wage and social debts
-€45,029
Other debts
-€98,101
Accrued charges and deferred income
+€18
Investment (derived)
-€44,965
Investment in fixed assets (net)
-€44,965
Financing
-€16,159
Debts after one year
-€26,680
Current portion of long-term debt
-€9,479
Short-term financial debts
+€20,000
Cash 2025
€251,482
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,431,505 | €1,427,596 | -€3,908 | -0.3% |
| Fixed assets | 21/28 | €94,224 | €89,182 | -€5,043 | -5.4% |
| Tangible fixed assets | 22/27 | €92,030 | €86,988 | -€5,043 | -5.5% |
| Plant, machinery and equipment | 23 | €1,778 | €1,000 | -€778 | -43.8% |
| Furniture and vehicles | 24 | €90,252 | €85,988 | -€4,265 | -4.7% |
| Financial fixed assets | 28 | €2,194 | €2,194 | = | 0.0% |
| Current assets | 29/58 | €1,337,280 | €1,338,415 | +€1,135 | +0.1% |
| Stocks and contracts in progress | 3 | €455,750 | €561,147 | +€105,397 | +23.1% |
| Stocks | 30/36 | €455,750 | €561,147 | +€105,397 | +23.1% |
| Amounts receivable within one year | 40/41 | €552,129 | €525,786 | -€26,343 | -4.8% |
| Trade receivables | 40 | €546,377 | €511,636 | -€34,741 | -6.4% |
| Other amounts receivable | 41 | €5,751 | €14,150 | +€8,398 | +146% |
| Cash at bank and in hand | 54/58 | €273,124 | €251,482 | -€21,642 | -7.9% |
| Deferred charges and accrued income | 490/1 | €56,277 | €0 | -€56,277 | -100% |
| Total equity and liabilities | 10/49 | €1,431,505 | €1,427,596 | -€3,908 | -0.3% |
| Equity | 10/15 | €644,868 | €789,340 | +€144,472 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €626,268 | €770,740 | +€144,472 | +23.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €92,620 | €92,620 | = | 0.0% |
| Distributable reserves | 133 | €531,788 | €678,120 | +€146,332 | +27.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €786,637 | €638,257 | -€148,380 | -18.9% |
| Amounts payable after more than one year | 17 | €39,659 | €12,979 | -€26,680 | -67.3% |
| Financial debts | 170/4 | €39,659 | €12,979 | -€26,680 | -67.3% |
| Amounts payable within one year | 42/48 | €746,681 | €624,963 | -€121,718 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €36,159 | €26,680 | -€9,479 | -26.2% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €481,906 | €492,796 | +€10,890 | +2.3% |
| Suppliers | 440/4 | €481,906 | €492,796 | +€10,890 | +2.3% |
| Taxes, remuneration and social security | 45 | €126,651 | €81,622 | -€45,029 | -35.6% |
| Taxes | 450/3 | €87,201 | €43,632 | -€43,569 | -50.0% |
| Remuneration and social security | 454/9 | €39,450 | €37,990 | -€1,460 | -3.7% |
| Other amounts payable | 47/48 | €101,965 | €3,864 | -€98,101 | -96.2% |
| Accrued charges and deferred income | 492/3 | €297 | €315 | +€18 | +6.2% |
| Remuneration, social security and pensions | 62 | €349,060 | €332,816 | -€16,243 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,323 | €50,008 | +€14,685 | +41.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,890 | +€11,890 | |
| Other operating charges | 640/8 | €5,834 | €5,972 | +€138 | +2.4% |
| Gross operating margin | 9900 | €660,508 | €614,957 | -€45,552 | -6.9% |
| Operating profit (loss) | 9901 | €270,292 | €214,271 | -€56,021 | -20.7% |
| Financial income | 75/76B | €2,830 | €1,640 | -€1,190 | -42.1% |
| Recurring financial income | 75 | €2,830 | €1,640 | -€1,190 | -42.1% |
| Financial charges | 65/66B | €18,401 | €18,810 | +€409 | +2.2% |
| Recurring financial charges | 65 | €18,401 | €18,810 | +€409 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €254,721 | €197,101 | -€57,621 | -22.6% |
| Income taxes | 67/77 | €66,121 | €52,628 | -€13,492 | -20.4% |
| Profit (loss) for the period | 9904 | €188,601 | €144,472 | -€44,129 | -23.4% |
| Transfer to tax-exempt reserves | 689 | €92,620 | €0 | -€92,620 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €95,981 | €144,472 | +€48,492 | +50.5% |
Next steps
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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 5 November 2026 via checked.be.