BRAYN: 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.
BRAYN
Largest movements
- Receivables within one year +€23,054
up €23,054 (+41.8%), from €55,211 to €78,265
of which Trade receivables: +€18,150
- Cash -€1,266
down €1,266 (-18.1%), from €7,008 to €5,742
mainly Contributions, distributions and other (-€35,000) and Receivables within one year (-€23,054)
- Deferred charges and accrued income +€1,097
up €1,097 (+185.4%), from €592 to €1,689
- Reserves +€18,125
up €18,125 (+225.4%), from €8,040 to €26,166
- Trade debts +€2,766
up €2,766 (+76.4%), from €3,621 to €6,387
- Accrued charges and deferred income +€1,100
new in 2025: €1,100
- Tax, wage and social debts +€895
up €895 (+7.4%), from €12,149 to €13,044
of which Remuneration and social security: +€3,975
- Gross operating margin +€12,352
up €12,352 (+20.1%), from €61,581 to €73,934
- Taxes +€4,690
up €4,690 (+39.4%), from €11,888 to €16,578
- Financial charges +€4,474
up €4,474 (+555.2%), from €806 to €5,280
- Financial income +€1,069
up €1,069 (+172.5%), from €620 to €1,689
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 | €62,811 | €85,697 | +€22,886 | +36.4% |
| Current assets | 29/58 | €62,811 | €85,697 | +€22,886 | +36.4% |
| Amounts receivable within one year | 40/41 | €55,211 | €78,265 | +€23,054 | +41.8% |
| Trade receivables | 40 | €13,613 | €31,762 | +€18,150 | +133.3% |
| Other amounts receivable | 41 | €41,598 | €46,503 | +€4,905 | +11.8% |
| Cash at bank and in hand | 54/58 | €7,008 | €5,742 | -€1,266 | -18.1% |
| Deferred charges and accrued income | 490/1 | €592 | €1,689 | +€1,097 | +185.4% |
| Total equity and liabilities | 10/49 | €62,811 | €85,697 | +€22,886 | +36.4% |
| Equity | 10/15 | €12,040 | €30,166 | +€18,125 | +150.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €8,040 | €26,166 | +€18,125 | +225.4% |
| Distributable reserves | 133 | €8,040 | €26,166 | +€18,125 | +225.4% |
| Amounts payable | 17/49 | €50,770 | €55,531 | +€4,761 | +9.4% |
| Amounts payable within one year | 42/48 | €50,770 | €54,431 | +€3,661 | +7.2% |
| Trade debts | 44 | €3,621 | €6,387 | +€2,766 | +76.4% |
| Suppliers | 440/4 | €3,621 | €6,387 | +€2,766 | +76.4% |
| Taxes, remuneration and social security | 45 | €12,149 | €13,044 | +€895 | +7.4% |
| Taxes | 450/3 | €12,149 | €9,069 | -€3,080 | -25.4% |
| Remuneration and social security | 454/9 | - | €3,975 | +€3,975 | |
| Other amounts payable | 47/48 | €35,000 | €35,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Other operating charges | 640/8 | €568 | €640 | +€71 | +12.5% |
| Gross operating margin | 9900 | €61,581 | €73,934 | +€12,352 | +20.1% |
| Operating profit (loss) | 9901 | €61,013 | €73,294 | +€12,281 | +20.1% |
| Financial income | 75/76B | €620 | €1,689 | +€1,069 | +172.5% |
| Recurring financial income | 75 | €620 | €1,689 | +€1,069 | +172.5% |
| Financial charges | 65/66B | €806 | €5,280 | +€4,474 | +555.2% |
| Recurring financial charges | 65 | €806 | €5,280 | +€4,474 | +555.2% |
| Profit (loss) for the period before taxes | 9903 | €60,827 | €69,703 | +€8,876 | +14.6% |
| Income taxes | 67/77 | €11,888 | €16,578 | +€4,690 | +39.4% |
| Profit (loss) for the period | 9904 | €48,939 | €53,125 | +€4,187 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,939 | €53,125 | +€4,187 | +8.6% |
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.