BRAUNS: 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.
BRAUNS
Largest movements
- Receivables within one year +€3.6m
up €3.6m (+31.6%), from €11.5m to €15.2m
of which Other amounts receivable: +€11.5m
- Stocks and contracts -€1.3m
no longer reported in 2025 (was €1.3m)
- Cash -€554,448
down €554,448 (-47.6%), from €1.2m to €610,701
mainly Receivables within one year (-€3.6m) and Trade debts (-€1.7m)
- Tangible fixed assets -€347,785
down €347,785 (-84.8%), from €410,285 to €62,500
- Profit (loss) carried forward +€3.2m
up €3.2m (+32.6%), from €9.9m to €13.1m
- Trade debts -€1.7m
down €1.7m (-82.5%), from €2.0m to €351,309
- Advances received -€798,432
no longer reported in 2025 (was €798,432)
- Reserves +€421,000
up €421,000 (+32.1%), from €1.3m to €1.7m
of which Tax-exempt reserves: +€421,000
- Tax, wage and social debts +€254,632
up €254,632 (+54.5%), from €467,296 to €721,928
of which Taxes: +€398,122
- Gross operating margin +€1.2m
up €1.2m (+43.4%), from €2.7m to €3.9m
- Staff costs -€990,285
no longer reported in 2025 (was €990,285)
- Taxes +€659,883
up €659,883 (+269%), from €245,292 to €905,175
- Financial income +€171,458
up €171,458 (+2,048%), from €8,372 to €179,830
- Write-downs -€107,096
down €107,096 (-18.3%), from €583,889 to €476,793
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 | €14,605,687 | €15,938,013 | +€1.3m | +9.1% |
| Fixed assets | 21/28 | €593,764 | €161,824 | -€431,940 | -72.7% |
| Intangible fixed assets | 21 | €83,750 | - | -€83,750 | |
| Tangible fixed assets | 22/27 | €410,285 | €62,500 | -€347,785 | -84.8% |
| Land and buildings | 22 | €146,274 | - | -€146,274 | |
| Plant, machinery and equipment | 23 | €63,697 | - | -€63,697 | |
| Furniture and vehicles | 24 | €194,161 | €62,500 | -€131,661 | -67.8% |
| Other tangible fixed assets | 26 | €6,153 | - | -€6,153 | |
| Financial fixed assets | 28 | €99,729 | €99,324 | -€405 | -0.4% |
| Current assets | 29/58 | €14,011,924 | €15,776,189 | +€1.8m | +12.6% |
| Stocks and contracts in progress | 3 | €1,320,148 | - | -€1.3m | |
| Stocks | 30/36 | €1,320,148 | - | -€1.3m | |
| Amounts receivable within one year | 40/41 | €11,526,626 | €15,165,488 | +€3.6m | +31.6% |
| Trade receivables | 40 | €9,959,944 | €2,073,229 | -€7.9m | -79.2% |
| Other amounts receivable | 41 | €1,566,682 | €13,092,259 | +€11.5m | +736% |
| Cash at bank and in hand | 54/58 | €1,165,149 | €610,701 | -€554,448 | -47.6% |
| Total equity and liabilities | 10/49 | €14,605,687 | €15,938,013 | +€1.3m | +9.1% |
| Equity | 10/15 | €11,230,286 | €14,864,776 | +€3.6m | +32.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,310,914 | €1,731,914 | +€421,000 | +32.1% |
| Non-distributable reserves | 130/1 | €551,566 | €551,566 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €545,366 | €545,366 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,000 | €842,000 | +€421,000 | +100% |
| Distributable reserves | 133 | €338,348 | €338,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,857,373 | €13,070,862 | +€3.2m | +32.6% |
| Amounts payable | 17/49 | €3,375,401 | €1,073,237 | -€2.3m | -68.2% |
| Amounts payable within one year | 42/48 | €3,375,401 | €1,073,237 | -€2.3m | -68.2% |
| Financial debts | 43 | €4,604 | - | -€4,604 | |
| Credit institutions | 430/8 | €4,604 | - | -€4,604 | |
| Trade debts | 44 | €2,005,070 | €351,309 | -€1.7m | -82.5% |
| Suppliers | 440/4 | €2,005,070 | €351,309 | -€1.7m | -82.5% |
| Advances received on contracts in progress | 46 | €798,432 | - | -€798,432 | |
| Taxes, remuneration and social security | 45 | €467,296 | €721,928 | +€254,632 | +54.5% |
| Taxes | 450/3 | €254,764 | €652,887 | +€398,122 | +156% |
| Remuneration and social security | 454/9 | €212,531 | €69,041 | -€143,490 | -67.5% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Non-recurring operating income | 76A | - | €5,532,909 | +€5.5m | |
| Remuneration, social security and pensions | 62 | €990,285 | - | -€990,285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,340 | €34,407 | -€97,934 | -74.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €583,889 | €476,793 | -€107,096 | -18.3% |
| Other operating charges | 640/8 | €80,428 | €14,411 | -€66,017 | -82.1% |
| Non-recurring operating charges | 66A | €4,375 | - | -€4,375 | |
| Gross operating margin | 9900 | €2,711,393 | €3,887,392 | +€1.2m | +43.4% |
| Operating profit (loss) | 9901 | €920,075 | €3,361,782 | +€2.4m | +265% |
| Financial income | 75/76B | €8,372 | €179,830 | +€171,458 | +2,048% |
| Recurring financial income | 75 | €8,372 | €179,830 | +€171,458 | +2,048% |
| Financial charges | 65/66B | €2,029 | €1,947 | -€82 | -4.0% |
| Recurring financial charges | 65 | €2,029 | €1,947 | -€82 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €926,418 | €3,539,665 | +€2.6m | +282% |
| Income taxes | 67/77 | €245,292 | €905,175 | +€659,883 | +269% |
| Profit (loss) for the period | 9904 | €681,126 | €2,634,490 | +€2.0m | +287% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €421,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €260,126 | €2,213,490 | +€2.0m | +751% |
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 21 October 2026 via checked.be.