BRAUN: 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.
BRAUN
Largest movements
- Receivables within one year +€199,433
up €199,433 (+94.1%), from €211,897 to €411,330
of which Trade receivables: +€202,586
- Cash -€46,232
down €46,232 (-14.2%), from €324,618 to €278,386
mainly Receivables within one year (-€199,433) and Debts after one year (-€33,006)
- Tangible fixed assets -€17,220
down €17,220 (-10.6%), from €162,103 to €144,884
of which Land and buildings: -€14,800
- Trade debts +€161,924
up €161,924 (+60.5%), from €267,546 to €429,470
- Debts after one year -€33,006
down €33,006 (-18.7%), from €176,714 to €143,708
- Reserves +€20,000
up €20,000 (+15.6%), from €128,592 to €148,592
of which Distributable reserves: +€20,000
- Other debts -€9,795
down €9,795 (-78.4%), from €12,496 to €2,701
- Staff costs -€20,630
down €20,630 (-20.2%), from €102,131 to €81,501
- Gross operating margin -€17,769
down €17,769 (-11.8%), from €151,170 to €133,401
- Depreciation -€3,124
down €3,124 (-14.4%), from €21,703 to €18,580
- Financial charges +€1,981
up €1,981 (+15.7%), from €12,628 to €14,609
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 | €702,320 | €836,942 | +€134,622 | +19.2% |
| Fixed assets | 21/28 | €165,805 | €147,225 | -€18,580 | -11.2% |
| Intangible fixed assets | 21 | €3,627 | €2,267 | -€1,360 | -37.5% |
| Tangible fixed assets | 22/27 | €162,103 | €144,884 | -€17,220 | -10.6% |
| Land and buildings | 22 | €152,933 | €138,133 | -€14,800 | -9.7% |
| Furniture and vehicles | 24 | €4,915 | €3,360 | -€1,556 | -31.6% |
| Other tangible fixed assets | 26 | €4,255 | €3,391 | -€864 | -20.3% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €536,515 | €689,717 | +€153,201 | +28.6% |
| Amounts receivable within one year | 40/41 | €211,897 | €411,330 | +€199,433 | +94.1% |
| Trade receivables | 40 | €193,928 | €396,515 | +€202,586 | +104.5% |
| Other amounts receivable | 41 | €17,969 | €14,815 | -€3,153 | -17.5% |
| Cash at bank and in hand | 54/58 | €324,618 | €278,386 | -€46,232 | -14.2% |
| Total equity and liabilities | 10/49 | €702,320 | €836,942 | +€134,622 | +19.2% |
| Equity | 10/15 | €220,516 | €237,059 | +€16,543 | +7.5% |
| Contributions | 10/11 | €85,920 | €85,920 | = | 0.0% |
| Reserves | 13 | €128,592 | €148,592 | +€20,000 | +15.6% |
| Non-distributable reserves | 130/1 | €8,592 | €8,592 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,592 | €8,592 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €140,000 | +€20,000 | +16.7% |
| Profit (loss) carried forward | 14 | €6,004 | €2,547 | -€3,457 | -57.6% |
| Amounts payable | 17/49 | €481,804 | €599,883 | +€118,079 | +24.5% |
| Amounts payable after more than one year | 17 | €176,714 | €143,708 | -€33,006 | -18.7% |
| Financial debts | 170/4 | €176,714 | €143,708 | -€33,006 | -18.7% |
| Amounts payable within one year | 42/48 | €305,090 | €456,175 | +€151,085 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €12,514 | €13,006 | +€492 | +3.9% |
| Trade debts | 44 | €267,546 | €429,470 | +€161,924 | +60.5% |
| Suppliers | 440/4 | €267,546 | €429,470 | +€161,924 | +60.5% |
| Taxes, remuneration and social security | 45 | €12,533 | €10,997 | -€1,536 | -12.3% |
| Taxes | 450/3 | €126 | - | -€126 | |
| Remuneration and social security | 454/9 | €12,407 | €10,997 | -€1,410 | -11.4% |
| Other amounts payable | 47/48 | €12,496 | €2,701 | -€9,795 | -78.4% |
| Non-recurring operating income | 76A | €34 | - | -€34 | |
| Remuneration, social security and pensions | 62 | €102,131 | €81,501 | -€20,630 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,703 | €18,580 | -€3,124 | -14.4% |
| Other operating charges | 640/8 | €1,329 | €2,489 | +€1,160 | +87.3% |
| Gross operating margin | 9900 | €151,170 | €133,401 | -€17,769 | -11.8% |
| Operating profit (loss) | 9901 | €26,007 | €30,832 | +€4,825 | +18.6% |
| Financial income | 75/76B | €421 | €320 | -€102 | -24.2% |
| Recurring financial income | 75 | €421 | €320 | -€102 | -24.2% |
| Financial charges | 65/66B | €12,628 | €14,609 | +€1,981 | +15.7% |
| Recurring financial charges | 65 | €12,628 | €14,609 | +€1,981 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €13,800 | €16,543 | +€2,742 | +19.9% |
| Profit (loss) for the period | 9904 | €13,800 | €16,543 | +€2,742 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,800 | €16,543 | +€2,742 | +19.9% |
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 4 October 2026 via checked.be.