LA BRAISE: 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
LA BRAISE
NACE 88.104, Social work activities without accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€27,194
2024 · €11,799+€15,395
Equity
€1.1m
2024 · €1.1m-€8,980
Cash
€152,599
2024 · €309,639-€157,040
Balance sheet total
€2.4m
2024 · €2.5m-€113,393
Largest movements
Assets
- Cash -€157,040
down €157,040 (-50.7%), from €309,639 to €152,599
mainly Trade debts (-€160,826) and Receivables within one year (-€152,874)
- Receivables within one year +€152,874
up €152,874 (+41.0%), from €372,785 to €525,659
of which Trade receivables: +€147,598
- Tangible fixed assets -€102,398
down €102,398 (-5.7%), from €1.8m to €1.7m
of which Land and buildings: -€66,876
Equity and liabilities
- Trade debts -€160,826
down €160,826 (-41.7%), from €385,458 to €224,632
- Debts after one year +€66,599
up €66,599 (+13.4%), from €497,768 to €564,367
- Investment grants -€36,174
down €36,174 (-2.9%), from €1.3m to €1.2m
- Profit (loss) carried forward +€27,194
up €27,194 (+13.9%), from -€195,917 to -€168,723
Income statement
- Gross operating margin +€106,432
up €106,432 (+3.7%), from €2.9m to €3.0m
- Staff costs +€71,723
up €71,723 (+2.6%), from €2.7m to €2.8m
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
€11,799
Gross operating margin
+€106,432
Staff costs
-€71,723
Depreciation
+€1,409
Write-downs
+€781
Other operating charges
+€5,533
Other operating items
-€26,798
Financial income
-€296
Financial charges
+€57
Result 2025
€27,194
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
-€204,120
Investment
+€15,889
Financing
+€31,025
Cash 2024
€309,639
From operations (derived)
-€204,120
Net result for the year
+€27,194
Depreciation
+€86,509
Receivables within one year
-€152,874
Deferred charges and accrued income
+€6,829
Smaller working-capital items
-€91
Trade debts
-€160,826
Tax, wage and social debts
-€10,861
Investment (derived)
+€15,889
Investment in fixed assets (net)
+€15,889
Financing
+€31,025
Debts after one year
+€66,599
Current portion of long-term debt
+€600
Contributions, distributions and other
-€36,174
Not broken down
+€166
Cash 2025
€152,599
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,539,391 | €2,425,998 | -€113,393 | -4.5% |
| Fixed assets | 21/28 | €1,786,991 | €1,684,593 | -€102,398 | -5.7% |
| Tangible fixed assets | 22/27 | €1,786,991 | €1,684,593 | -€102,398 | -5.7% |
| Land and buildings | 22 | €1,646,379 | €1,579,503 | -€66,876 | -4.1% |
| Plant, machinery and equipment | 23 | €86,045 | €75,353 | -€10,692 | -12.4% |
| Furniture and vehicles | 24 | €11,409 | €8,705 | -€2,704 | -23.7% |
| Assets under construction and advance payments | 27 | €43,158 | €21,032 | -€22,126 | -51.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €752,400 | €741,405 | -€10,995 | -1.5% |
| Amounts receivable within one year | 40/41 | €372,785 | €525,659 | +€152,874 | +41.0% |
| Trade receivables | 40 | €363,030 | €510,628 | +€147,598 | +40.7% |
| Other amounts receivable | 41 | €9,755 | €15,031 | +€5,276 | +54.1% |
| Cash at bank and in hand | 54/58 | €309,639 | €152,599 | -€157,040 | -50.7% |
| Deferred charges and accrued income | 490/1 | €69,976 | €63,147 | -€6,829 | -9.8% |
| Total equity and liabilities | 10/49 | €2,539,391 | €2,425,998 | -€113,393 | -4.5% |
| Equity | 10/15 | €1,072,732 | €1,063,752 | -€8,980 | -0.8% |
| Profit (loss) carried forward | 14 | -€195,917 | -€168,723 | +€27,194 | +13.9% |
| Investment grants | 15 | €1,268,649 | €1,232,475 | -€36,174 | -2.9% |
| Provisions and deferred taxes | 16 | €141,560 | €141,559 | -€1 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €141,560 | €141,559 | -€1 | 0.0% |
| Major repairs and maintenance | 162 | €141,560 | €141,559 | -€1 | 0.0% |
| Amounts payable | 17/49 | €1,325,099 | €1,220,687 | -€104,412 | -7.9% |
| Amounts payable after more than one year | 17 | €497,768 | €564,367 | +€66,599 | +13.4% |
| Financial debts | 170/4 | €497,768 | €564,367 | +€66,599 | +13.4% |
| Amounts payable within one year | 42/48 | €827,146 | €656,225 | -€170,921 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €35,559 | €36,159 | +€600 | +1.7% |
| Trade debts | 44 | €385,458 | €224,632 | -€160,826 | -41.7% |
| Suppliers | 440/4 | €385,458 | €224,632 | -€160,826 | -41.7% |
| Taxes, remuneration and social security | 45 | €405,700 | €394,839 | -€10,861 | -2.7% |
| Taxes | 450/3 | €842 | €270 | -€572 | -67.9% |
| Remuneration and social security | 454/9 | €404,858 | €394,569 | -€10,289 | -2.5% |
| Accrued charges and deferred income | 492/3 | €185 | €95 | -€90 | -48.6% |
| Non-recurring operating income | 76A | €78,893 | €92,320 | +€13,427 | +17.0% |
| Remuneration, social security and pensions | 62 | €2,732,023 | €2,803,746 | +€71,723 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,918 | €86,509 | -€1,409 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €502 | -€279 | -€781 | |
| Other operating charges | 640/8 | €8,149 | €2,616 | -€5,533 | -67.9% |
| Non-recurring operating charges | 66A | €36,717 | €62,360 | +€25,643 | +69.8% |
| Gross operating margin | 9900 | €2,884,526 | €2,990,958 | +€106,432 | +3.7% |
| Operating profit (loss) | 9901 | €20,372 | €36,006 | +€15,634 | +76.7% |
| Financial income | 75/76B | €1,186 | €890 | -€296 | -25.0% |
| Recurring financial income | 75 | €1,186 | €890 | -€296 | -25.0% |
| Financial charges | 65/66B | €9,759 | €9,702 | -€57 | -0.6% |
| Recurring financial charges | 65 | €9,759 | €9,702 | -€57 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €11,799 | €27,194 | +€15,395 | +130% |
| Profit (loss) for the period | 9904 | €11,799 | €27,194 | +€15,395 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €11,799 | €27,194 | +€15,395 | +130% |
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 25 October 2026 via checked.be.