DAO 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.
DAO BRAINE
Largest movements
- Tangible fixed assets +€91,030
up €91,030 (+30.2%), from €301,591 to €392,621
of which Plant, machinery and equipment: +€109,750
- Cash -€26,618
down €26,618 (-19.7%), from €135,306 to €108,688
mainly Investment in fixed assets (net) (-€150,676) and Other debts (-€22,207)
- Intangible fixed assets -€5,349
down €5,349 (-87.9%), from €6,083 to €734
- Reserves +€69,500
up €69,500 (+83.2%), from €83,500 to €153,000
- Other debts -€22,207
down €22,207 (-7.2%), from €308,705 to €286,498
- Trade debts +€12,396
up €12,396 (+89.7%), from €13,818 to €26,214
- Gross operating margin -€38,835
down €38,835 (-16.3%), from €238,888 to €200,054
- Other operating charges -€27,768
down €27,768 (-98.6%), from €28,155 to €387
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 | €445,093 | €503,004 | +€57,910 | +13.0% |
| Fixed assets | 21/28 | €308,005 | €393,686 | +€85,681 | +27.8% |
| Intangible fixed assets | 21 | €6,083 | €734 | -€5,349 | -87.9% |
| Tangible fixed assets | 22/27 | €301,591 | €392,621 | +€91,030 | +30.2% |
| Plant, machinery and equipment | 23 | €219,204 | €328,954 | +€109,750 | +50.1% |
| Furniture and vehicles | 24 | €42,477 | €27,834 | -€14,643 | -34.5% |
| Other tangible fixed assets | 26 | €39,911 | €35,834 | -€4,077 | -10.2% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €137,088 | €109,318 | -€27,771 | -20.3% |
| Amounts receivable within one year | 40/41 | €1,782 | €630 | -€1,153 | -64.7% |
| Trade receivables | 40 | €1,782 | €630 | -€1,153 | -64.7% |
| Cash at bank and in hand | 54/58 | €135,306 | €108,688 | -€26,618 | -19.7% |
| Total equity and liabilities | 10/49 | €445,093 | €503,004 | +€57,910 | +13.0% |
| Equity | 10/15 | €101,124 | €170,664 | +€69,540 | +68.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,500 | €153,000 | +€69,500 | +83.2% |
| Distributable reserves | 133 | €83,500 | €153,000 | +€69,500 | +83.2% |
| Profit (loss) carried forward | 14 | -€976 | -€936 | +€40 | +4.1% |
| Amounts payable | 17/49 | €343,969 | €332,340 | -€11,629 | -3.4% |
| Amounts payable within one year | 42/48 | €343,969 | €332,340 | -€11,629 | -3.4% |
| Trade debts | 44 | €13,818 | €26,214 | +€12,396 | +89.7% |
| Suppliers | 440/4 | €13,818 | €26,214 | +€12,396 | +89.7% |
| Taxes, remuneration and social security | 45 | €21,446 | €19,629 | -€1,818 | -8.5% |
| Taxes | 450/3 | €20,090 | €16,777 | -€3,313 | -16.5% |
| Remuneration and social security | 454/9 | €1,356 | €2,851 | +€1,495 | +110% |
| Other amounts payable | 47/48 | €308,705 | €286,498 | -€22,207 | -7.2% |
| Non-recurring operating income | 76A | €37,175 | - | -€37,175 | |
| Remuneration, social security and pensions | 62 | €37,538 | €36,705 | -€833 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,807 | €64,995 | +€2,188 | +3.5% |
| Other operating charges | 640/8 | €28,155 | €387 | -€27,768 | -98.6% |
| Gross operating margin | 9900 | €238,888 | €200,054 | -€38,835 | -16.3% |
| Operating profit (loss) | 9901 | €110,389 | €97,966 | -€12,422 | -11.3% |
| Financial income | 75/76B | €261 | €253 | -€9 | -3.3% |
| Recurring financial income | 75 | €261 | €253 | -€9 | -3.3% |
| Financial charges | 65/66B | €512 | €675 | +€163 | +31.7% |
| Recurring financial charges | 65 | €512 | €675 | +€163 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €110,138 | €97,544 | -€12,594 | -11.4% |
| Income taxes | 67/77 | €26,555 | €28,004 | +€1,450 | +5.5% |
| Profit (loss) for the period | 9904 | €83,583 | €69,540 | -€14,043 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,583 | €69,540 | -€14,043 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.