D BRAIVES: 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.
What changed
D BRAIVES
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€78,821
2024 · €99,228-€20,407
Equity
€443,060
2024 · €434,379+€8,681
Cash
€369,462
2024 · €325,290+€44,173
Balance sheet total
€3.9m
2024 · €3.9m-€17,130
Largest movements
Assets
- Deferred charges and accrued income -€78,823
down €78,823 (-79.6%), from €98,992 to €20,169
- Current investments +€50,136
up €50,136 (+385,658%), from €13 to €50,149
- Cash +€44,173
up €44,173 (+13.6%), from €325,290 to €369,462
mainly Depreciation (+€247,058) and Deferred charges and accrued income (+€78,823)
- Stocks and contracts -€41,940
down €41,940 (-8.0%), from €523,697 to €481,757
Equity and liabilities
- Other debts -€75,032
down €75,032 (-35.2%), from €213,072 to €138,040
- Short-term financial debts +€64,896
up €64,896, from €0 to €64,896
of which Other loans: +€50,000
- Debts after one year -€51,452
down €51,452 (-2.5%), from €2.0m to €2.0m
- Tax, wage and social debts +€39,097
up €39,097 (+24.9%), from €157,165 to €196,262
of which Taxes: +€29,524
Income statement
- Turnover -€8.4m
no longer reported in 2025 (was €8.4m)
- Purchases and services -€7.5m
no longer reported in 2025 (was €7.5m)
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.
Result 2024
€99,228
Gross operating margin
+€28,927
Staff costs
-€46,560
Depreciation
-€13,073
Other operating charges
-€14,618
Other operating items
+€8,704
Financial income
+€4,299
Financial charges
+€5,156
Taxes
+€6,757
Result 2025
€78,821
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€396,310
Investment
-€274,906
Financing
-€77,231
Cash 2024
€325,290
From operations (derived)
+€396,310
Net result for the year
+€78,821
Depreciation
+€247,058
Stocks and contracts
+€41,940
Receivables within one year
-€31,611
Deferred charges and accrued income
+€78,823
Provisions
-€2,064
Trade debts
+€18,961
Tax, wage and social debts
+€39,097
Other debts
-€75,032
Accrued charges and deferred income
+€317
Investment (derived)
-€274,906
Investment in fixed assets (net)
-€224,770
Current investments
-€50,136
Financing
-€77,231
Debts after one year
-€51,452
Current portion of long-term debt
-€20,535
Short-term financial debts
+€64,896
Contributions, distributions and other
-€70,140
Cash 2025
€369,462
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,907,432 | €3,890,302 | -€17,130 | -0.4% |
| Fixed assets | 21/28 | €2,863,992 | €2,841,704 | -€22,288 | -0.8% |
| Intangible fixed assets | 21 | €3,812 | €2,169 | -€1,643 | -43.1% |
| Tangible fixed assets | 22/27 | €2,860,179 | €2,839,535 | -€20,644 | -0.7% |
| Land and buildings | 22 | €1,277,473 | €1,177,126 | -€100,347 | -7.9% |
| Plant, machinery and equipment | 23 | €1,539,819 | €1,424,706 | -€115,112 | -7.5% |
| Furniture and vehicles | 24 | €10,999 | €13,860 | +€2,861 | +26.0% |
| Leasing and similar rights | 25 | €31,888 | €25,331 | -€6,557 | -20.6% |
| Other tangible fixed assets | 26 | - | €198,511 | +€198,511 | |
| Current assets | 29/58 | €1,043,441 | €1,048,598 | +€5,157 | +0.5% |
| Stocks and contracts in progress | 3 | €523,697 | €481,757 | -€41,940 | -8.0% |
| Stocks | 30/36 | €523,697 | €481,757 | -€41,940 | -8.0% |
| Amounts receivable within one year | 40/41 | €95,450 | €127,061 | +€31,611 | +33.1% |
| Trade receivables | 40 | €89,905 | €94,422 | +€4,517 | +5.0% |
| Other amounts receivable | 41 | €5,545 | €32,639 | +€27,095 | +489% |
| Current investments | 50/53 | €13 | €50,149 | +€50,136 | +385,658% |
| Cash at bank and in hand | 54/58 | €325,290 | €369,462 | +€44,173 | +13.6% |
| Deferred charges and accrued income | 490/1 | €98,992 | €20,169 | -€78,823 | -79.6% |
| Total equity and liabilities | 10/49 | €3,907,432 | €3,890,302 | -€17,130 | -0.4% |
| Equity | 10/15 | €434,379 | €443,060 | +€8,681 | +2.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €80,818 | €72,563 | -€8,255 | -10.2% |
| Tax-exempt reserves | 132 | €57,547 | €49,292 | -€8,255 | -14.3% |
| Distributable reserves | 133 | €23,271 | €23,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328,560 | €345,497 | +€16,936 | +5.2% |
| Provisions and deferred taxes | 16 | €14,387 | €12,323 | -€2,064 | -14.3% |
| Deferred taxes | 168 | €14,387 | €12,323 | -€2,064 | -14.3% |
| Amounts payable | 17/49 | €3,458,667 | €3,434,919 | -€23,747 | -0.7% |
| Amounts payable after more than one year | 17 | €2,023,665 | €1,972,214 | -€51,452 | -2.5% |
| Financial debts | 170/4 | €2,023,665 | €1,972,214 | -€51,452 | -2.5% |
| Amounts payable within one year | 42/48 | €1,432,454 | €1,459,841 | +€27,387 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €376,973 | €356,438 | -€20,535 | -5.4% |
| Financial debts | 43 | €0 | €64,896 | +€64,896 | |
| Credit institutions | 430/8 | €0 | €14,896 | +€14,896 | |
| Other loans | 439 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €685,244 | €704,205 | +€18,961 | +2.8% |
| Suppliers | 440/4 | €685,244 | €660,986 | -€24,257 | -3.5% |
| Bills of exchange payable | 441 | - | €43,219 | +€43,219 | |
| Taxes, remuneration and social security | 45 | €157,165 | €196,262 | +€39,097 | +24.9% |
| Taxes | 450/3 | €59,308 | €88,832 | +€29,524 | +49.8% |
| Remuneration and social security | 454/9 | €97,856 | €107,430 | +€9,573 | +9.8% |
| Other amounts payable | 47/48 | €213,072 | €138,040 | -€75,032 | -35.2% |
| Accrued charges and deferred income | 492/3 | €2,548 | €2,865 | +€317 | +12.4% |
| Turnover | 70 | €8,363,382 | - | -€8.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,452,241 | - | -€7.5m | |
| Remuneration, social security and pensions | 62 | €611,042 | €657,602 | +€46,560 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,985 | €247,058 | +€13,073 | +5.6% |
| Other operating charges | 640/8 | €28,462 | €43,080 | +€14,618 | +51.4% |
| Non-recurring operating charges | 66A | €8,704 | - | -€8,704 | |
| Gross operating margin | 9900 | €1,101,852 | €1,130,778 | +€28,927 | +2.6% |
| Operating profit (loss) | 9901 | €219,658 | €183,039 | -€36,620 | -16.7% |
| Financial income | 75/76B | €857 | €5,156 | +€4,299 | +502% |
| Recurring financial income | 75 | €857 | €1,503 | +€647 | +75.5% |
| Non-recurring financial income | 76B | - | €3,653 | +€3,653 | |
| Financial charges | 65/66B | €82,153 | €76,996 | -€5,156 | -6.3% |
| Recurring financial charges | 65 | €82,153 | €76,996 | -€5,156 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €138,362 | €111,198 | -€27,164 | -19.6% |
| Transfer from deferred taxes | 780 | €2,064 | €2,064 | = | 0.0% |
| Income taxes | 67/77 | €41,198 | €34,441 | -€6,757 | -16.4% |
| Profit (loss) for the period | 9904 | €99,228 | €78,821 | -€20,407 | -20.6% |
| Transfer from tax-exempt reserves | 789 | €8,255 | €8,255 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,483 | €87,076 | -€20,407 | -19.0% |
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 30 October 2026 via checked.be.