BRAYNZ: 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.
BRAYNZ
Largest movements
- Receivables within one year +€58,243
up €58,243 (+376%), from €15,488 to €73,731
of which Trade receivables: +€60,243
- Cash -€7,079
down €7,079 (-14.9%), from €47,411 to €40,332
mainly Receivables within one year (-€58,243) and Contributions, distributions and other (-€21,540)
- Reserves +€22,208
up €22,208 (+51.0%), from €43,528 to €65,736
- Current portion of long-term debt +€13,818
up €13,818 (+116%), from €11,935 to €25,753
- Debts after one year +€12,994
up €12,994 (+25.5%), from €50,885 to €63,879
- Trade debts -€5,360
down €5,360 (-26.0%), from €20,625 to €15,265
- Taxes +€20,440
up €20,440 (+256%), from €8,000 to €28,440
- Gross operating margin +€8,897
up €8,897 (+10.1%), from €87,692 to €96,590
- Other operating charges -€6,401
down €6,401 (-94.8%), from €6,755 to €354
- Financial charges -€1,787
down €1,787 (-20.8%), from €8,610 to €6,823
- Depreciation +€1,535
up €1,535 (+9.8%), from €15,689 to €17,224
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 | €370,931 | €418,536 | +€47,605 | +12.8% |
| Fixed assets | 21/28 | €308,032 | €304,474 | -€3,558 | -1.2% |
| Tangible fixed assets | 22/27 | €308,032 | €304,474 | -€3,558 | -1.2% |
| Plant, machinery and equipment | 23 | - | €1,626 | +€1,626 | |
| Furniture and vehicles | 24 | €14,932 | €16,717 | +€1,785 | +12.0% |
| Other tangible fixed assets | 26 | €293,100 | €286,131 | -€6,969 | -2.4% |
| Current assets | 29/58 | €62,899 | €114,063 | +€51,163 | +81.3% |
| Amounts receivable within one year | 40/41 | €15,488 | €73,731 | +€58,243 | +376% |
| Trade receivables | 40 | €13,488 | €73,731 | +€60,243 | +447% |
| Other amounts receivable | 41 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | €47,411 | €40,332 | -€7,079 | -14.9% |
| Total equity and liabilities | 10/49 | €370,931 | €418,536 | +€47,605 | +12.8% |
| Equity | 10/15 | €203,114 | €225,323 | +€22,208 | +10.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €43,528 | €65,736 | +€22,208 | +51.0% |
| Distributable reserves | 133 | €43,528 | €65,736 | +€22,208 | +51.0% |
| Profit (loss) carried forward | 14 | €158,586 | €158,586 | = | 0.0% |
| Amounts payable | 17/49 | €167,817 | €193,214 | +€25,397 | +15.1% |
| Amounts payable after more than one year | 17 | €50,885 | €63,879 | +€12,994 | +25.5% |
| Financial debts | 170/4 | €50,885 | €63,879 | +€12,994 | +25.5% |
| Amounts payable within one year | 42/48 | €116,931 | €129,334 | +€12,403 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €11,935 | €25,753 | +€13,818 | +116% |
| Trade debts | 44 | €20,625 | €15,265 | -€5,360 | -26.0% |
| Suppliers | 440/4 | €20,625 | €15,265 | -€5,360 | -26.0% |
| Taxes, remuneration and social security | 45 | €13,979 | €13,982 | +€3 | 0.0% |
| Taxes | 450/3 | €10,979 | €7,982 | -€2,997 | -27.3% |
| Remuneration and social security | 454/9 | €3,000 | €6,000 | +€3,000 | +100% |
| Other amounts payable | 47/48 | €70,392 | €74,334 | +€3,942 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,689 | €17,224 | +€1,535 | +9.8% |
| Other operating charges | 640/8 | €6,755 | €354 | -€6,401 | -94.8% |
| Gross operating margin | 9900 | €87,692 | €96,590 | +€8,897 | +10.1% |
| Operating profit (loss) | 9901 | €65,248 | €79,011 | +€13,763 | +21.1% |
| Financial charges | 65/66B | €8,610 | €6,823 | -€1,787 | -20.8% |
| Recurring financial charges | 65 | €8,610 | €6,823 | -€1,787 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €56,638 | €72,188 | +€15,550 | +27.5% |
| Income taxes | 67/77 | €8,000 | €28,440 | +€20,440 | +256% |
| Profit (loss) for the period | 9904 | €48,638 | €43,748 | -€4,890 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,638 | €43,748 | -€4,890 | -10.1% |
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 24 October 2026 via checked.be.