C.D. BRAINE: 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.
C.D. BRAINE
Largest movements
- Cash +€373,199
up €373,199 (+6,165%), from €6,053 to €379,252
mainly Investment in fixed assets (net) (+€163,936) and Net result for the year (+€121,070)
- Tangible fixed assets -€204,348
down €204,348 (-25.6%), from €797,172 to €592,824
of which Land and buildings: -€216,234
- Receivables within one year +€16,103
up €16,103 (+83.2%), from €19,357 to €35,460
of which Trade receivables: +€30,500
- Reserves +€225,260
up €225,260 (+43.4%), from €518,929 to €744,189
of which Distributable reserves: +€121,000
- Other debts -€88,092
down €88,092 (-61.7%), from €142,661 to €54,568
- Tax, wage and social debts +€46,252
up €46,252 (+323%), from €14,325 to €60,577
- Provisions +€17,941
up €17,941 (+18.5%), from €96,836 to €114,776
- Debts after one year -€10,524
down €10,524 (-98.5%), from €10,684 to €160
of which Financial debts: -€10,524
- Gross operating margin +€136,738
up €136,738 (+146%), from €93,892 to €230,630
- Taxes +€46,154
up €46,154 (+320%), from €14,423 to €60,577
- Depreciation -€8,332
down €8,332 (-17.1%), from €48,744 to €40,412
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 | €822,583 | €1,007,537 | +€184,954 | +22.5% |
| Fixed assets | 21/28 | €797,172 | €592,824 | -€204,348 | -25.6% |
| Tangible fixed assets | 22/27 | €797,172 | €592,824 | -€204,348 | -25.6% |
| Land and buildings | 22 | €758,727 | €542,494 | -€216,234 | -28.5% |
| Plant, machinery and equipment | 23 | - | €7,826 | +€7,826 | |
| Furniture and vehicles | 24 | - | €20,899 | +€20,899 | |
| Other tangible fixed assets | 26 | €38,445 | €21,605 | -€16,840 | -43.8% |
| Current assets | 29/58 | €25,410 | €414,713 | +€389,302 | +1,532% |
| Amounts receivable within one year | 40/41 | €19,357 | €35,460 | +€16,103 | +83.2% |
| Trade receivables | 40 | - | €30,500 | +€30,500 | |
| Other amounts receivable | 41 | €19,357 | €4,960 | -€14,397 | -74.4% |
| Cash at bank and in hand | 54/58 | €6,053 | €379,252 | +€373,199 | +6,165% |
| Total equity and liabilities | 10/49 | €822,583 | €1,007,537 | +€184,954 | +22.5% |
| Equity | 10/15 | €539,305 | €764,635 | +€225,330 | +41.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €518,929 | €744,189 | +€225,260 | +43.4% |
| Tax-exempt reserves | 132 | €188,059 | €292,319 | +€104,260 | +55.4% |
| Distributable reserves | 133 | €330,870 | €451,870 | +€121,000 | +36.6% |
| Profit (loss) carried forward | 14 | €1,783 | €1,854 | +€70 | +3.9% |
| Provisions and deferred taxes | 16 | €96,836 | €114,776 | +€17,941 | +18.5% |
| Deferred taxes | 168 | €96,836 | €114,776 | +€17,941 | +18.5% |
| Amounts payable | 17/49 | €186,442 | €128,125 | -€58,317 | -31.3% |
| Amounts payable after more than one year | 17 | €10,684 | €160 | -€10,524 | -98.5% |
| Financial debts | 170/4 | €10,524 | - | -€10,524 | |
| Other amounts payable | 178/9 | €160 | €160 | = | 0.0% |
| Amounts payable within one year | 42/48 | €174,809 | €127,055 | -€47,753 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €10,403 | €10,524 | +€120 | +1.2% |
| Trade debts | 44 | €7,420 | €1,386 | -€6,034 | -81.3% |
| Suppliers | 440/4 | €7,420 | €1,386 | -€6,034 | -81.3% |
| Taxes, remuneration and social security | 45 | €14,325 | €60,577 | +€46,252 | +323% |
| Taxes | 450/3 | €14,325 | €60,577 | +€46,252 | +323% |
| Other amounts payable | 47/48 | €142,661 | €54,568 | -€88,092 | -61.7% |
| Accrued charges and deferred income | 492/3 | €950 | €910 | -€40 | -4.2% |
| Non-recurring operating income | 76A | - | €140,262 | +€140,262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,744 | €40,412 | -€8,332 | -17.1% |
| Other operating charges | 640/8 | €9,531 | €8,206 | -€1,325 | -13.9% |
| Gross operating margin | 9900 | €93,892 | €230,630 | +€136,738 | +146% |
| Operating profit (loss) | 9901 | €35,617 | €182,011 | +€146,394 | +411% |
| Financial income | 75/76B | €35 | €38 | +€4 | +10.5% |
| Recurring financial income | 75 | €35 | €38 | +€4 | +10.5% |
| Financial charges | 65/66B | €2,353 | €402 | -€1,951 | -82.9% |
| Recurring financial charges | 65 | €2,353 | €402 | -€1,951 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €33,298 | €181,648 | +€148,349 | +446% |
| Transfer from deferred taxes | 780 | €4,079 | - | -€4,079 | |
| Income taxes | 67/77 | €14,423 | €60,577 | +€46,154 | +320% |
| Profit (loss) for the period | 9904 | €22,954 | €121,070 | +€98,116 | +427% |
| Transfer from tax-exempt reserves | 789 | €7,923 | - | -€7,923 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,877 | €121,070 | +€90,194 | +292% |
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 29 October 2026 via checked.be.