PATRICK BRAUNS: what changed
Two fiscal 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
PATRICK BRAUNS
NACE 69.201, Certified accountants and tax accountants
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€86,375
2023 · €69,362+€17,013
Equity
€1.3m
2023 · €1.2m+€61,375
Cash
€10,898
2023 · €14,718-€3,820
Balance sheet total
€3.0m
2023 · €2.9m+€86,070
Largest movements
Assets
- Receivables within one year +€128,192
up €128,192 (+14.4%), from €887,420 to €1.0m
of which Other amounts receivable: +€109,962
Equity and liabilities
- Profit (loss) carried forward +€61,375
up €61,375 (+7.9%), from €778,046 to €839,422
Income statement
- Financial income +€13,090
up €13,090 (+20.5%), from €63,939 to €77,029
- Gross operating margin +€6,963
up €6,963 (+9.0%), from €77,533 to €84,496
- Financial charges +€4,141
up €4,141 (+110.7%), from €3,742 to €7,883
- Other operating charges +€3,519
up €3,519 (+36.8%), from €9,566 to €13,085
- Taxes -€2,972
down €2,972 (-8.5%), from €34,782 to €31,810
From the 2023 result to the 2024 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 2023
€69,362
Gross operating margin
+€6,963
Depreciation
+€1,649
Other operating charges
-€3,519
Financial income
+€13,090
Financial charges
-€4,141
Taxes
+€2,972
Result 2024
€86,375
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€22,440
Investment
€0
Financing
-€26,260
Cash 2023
€14,718
From operations (derived)
+€22,440
Net result for the year
+€86,375
Depreciation
+€22,372
Receivables after one year
+€16,100
Receivables within one year
-€128,192
Deferred charges and accrued income
-€169
Trade debts
-€1,752
Tax, wage and social debts
+€3,354
Advances received
+€20,328
Other debts
+€4,025
Financing
-€26,260
Debts after one year
-€1,418
Current portion of long-term debt
+€158
Contributions, distributions and other
-€25,000
Cash 2024
€10,898
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,875,052 | €2,961,122 | +€86,070 | +3.0% |
| Fixed assets | 21/28 | €439,500 | €417,129 | -€22,372 | -5.1% |
| Tangible fixed assets | 22/27 | €438,309 | €415,938 | -€22,372 | -5.1% |
| Land and buildings | 22 | €389,275 | €375,587 | -€13,688 | -3.5% |
| Plant, machinery and equipment | 23 | €15,597 | €12,479 | -€3,118 | -20.0% |
| Furniture and vehicles | 24 | €33,438 | €27,872 | -€5,565 | -16.6% |
| Financial fixed assets | 28 | €1,191 | €1,191 | = | 0.0% |
| Current assets | 29/58 | €2,435,552 | €2,543,993 | +€108,441 | +4.5% |
| Amounts receivable after more than one year | 29 | €1,502,000 | €1,485,900 | -€16,100 | -1.1% |
| Other amounts receivable | 291 | €1,502,000 | €1,485,900 | -€16,100 | -1.1% |
| Amounts receivable within one year | 40/41 | €887,420 | €1,015,612 | +€128,192 | +14.4% |
| Trade receivables | 40 | €922 | €19,151 | +€18,230 | +1978.3% |
| Other amounts receivable | 41 | €886,498 | €996,461 | +€109,962 | +12.4% |
| Current investments | 50/53 | €6,590 | €6,590 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,718 | €10,898 | -€3,820 | -26.0% |
| Deferred charges and accrued income | 490/1 | €24,825 | €24,994 | +€169 | +0.7% |
| Total equity and liabilities | 10/49 | €2,875,052 | €2,961,122 | +€86,070 | +3.0% |
| Equity | 10/15 | €1,226,796 | €1,288,172 | +€61,375 | +5.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €348,750 | €348,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,750 | €28,750 | = | 0.0% |
| Distributable reserves | 133 | €320,000 | €320,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €778,046 | €839,422 | +€61,375 | +7.9% |
| Provisions and deferred taxes | 16 | €1,455,298 | €1,455,298 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,455,298 | €1,455,298 | = | 0.0% |
| Pensions and similar obligations | 160 | €1,390,707 | €1,390,707 | = | 0.0% |
| Environmental obligations | 163 | €64,591 | €64,591 | = | 0.0% |
| Amounts payable | 17/49 | €192,958 | €217,653 | +€24,694 | +12.8% |
| Amounts payable after more than one year | 17 | €49,054 | €47,636 | -€1,418 | -2.9% |
| Financial debts | 170/4 | €49,054 | €47,636 | -€1,418 | -2.9% |
| Amounts payable within one year | 42/48 | €142,182 | €168,294 | +€26,112 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €2,983 | €3,140 | +€158 | +5.3% |
| Trade debts | 44 | €14,347 | €12,595 | -€1,752 | -12.2% |
| Suppliers | 440/4 | €14,347 | €12,595 | -€1,752 | -12.2% |
| Advances received on contracts in progress | 46 | - | €20,328 | +€20,328 | |
| Taxes, remuneration and social security | 45 | €108,752 | €112,106 | +€3,354 | +3.1% |
| Taxes | 450/3 | €108,752 | €112,106 | +€3,354 | +3.1% |
| Other amounts payable | 47/48 | €16,100 | €20,125 | +€4,025 | +25.0% |
| Accrued charges and deferred income | 492/3 | €1,723 | €1,723 | = | 0.0% |
| Non-recurring operating income | 76A | €3,245 | - | -€3,245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,020 | €22,372 | -€1,649 | -6.9% |
| Other operating charges | 640/8 | €9,566 | €13,085 | +€3,519 | +36.8% |
| Gross operating margin | 9900 | €77,533 | €84,496 | +€6,963 | +9.0% |
| Operating profit (loss) | 9901 | €43,947 | €49,040 | +€5,093 | +11.6% |
| Financial income | 75/76B | €63,939 | €77,029 | +€13,090 | +20.5% |
| Recurring financial income | 75 | €63,939 | €77,029 | +€13,090 | +20.5% |
| Financial charges | 65/66B | €3,742 | €7,883 | +€4,141 | +110.7% |
| Recurring financial charges | 65 | €3,742 | €7,883 | +€4,141 | +110.7% |
| Profit (loss) for the period before taxes | 9903 | €104,144 | €118,185 | +€14,041 | +13.5% |
| Income taxes | 67/77 | €34,782 | €31,810 | -€2,972 | -8.5% |
| Profit (loss) for the period | 9904 | €69,362 | €86,375 | +€17,013 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,362 | €86,375 | +€17,013 | +24.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.