3877 Braes: 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.
3877 Braes
Largest movements
- Cash +€15,237
up €15,237 (+114%), from €13,361 to €28,598
mainly Net result for the year (+€27,652) and Tax, wage and social debts (+€5,049)
- Tangible fixed assets -€1,960
down €1,960 (-20.5%), from €9,575 to €7,614
- Receivables within one year +€569
up €569 (+4.9%), from €11,700 to €12,268
of which Trade receivables: +€563
- Reserves +€27,652
new in 2025: €27,652
- Other debts -€19,941
down €19,941 (-100.0%), from €19,943 to €2
- Tax, wage and social debts +€5,049
up €5,049 (+54.0%), from €9,347 to €14,396
- Trade debts +€990
up €990 (+59.4%), from €1,666 to €2,656
- Gross operating margin +€11,490
up €11,490 (+42.1%), from €27,287 to €38,776
- Taxes +€2,421
up €2,421 (+46.5%), from €5,206 to €7,627
- Depreciation +€442
up €442 (+43.0%), from €1,029 to €1,471
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 | €35,956 | €49,705 | +€13,749 | +38.2% |
| Fixed assets | 21/28 | €9,575 | €7,614 | -€1,960 | -20.5% |
| Tangible fixed assets | 22/27 | €9,575 | €7,614 | -€1,960 | -20.5% |
| Furniture and vehicles | 24 | €9,575 | €7,614 | -€1,960 | -20.5% |
| Current assets | 29/58 | €26,381 | €42,090 | +€15,709 | +59.5% |
| Amounts receivable within one year | 40/41 | €11,700 | €12,268 | +€569 | +4.9% |
| Trade receivables | 40 | €11,495 | €12,058 | +€563 | +4.9% |
| Other amounts receivable | 41 | €205 | €211 | +€6 | +3.0% |
| Cash at bank and in hand | 54/58 | €13,361 | €28,598 | +€15,237 | +114% |
| Deferred charges and accrued income | 490/1 | €1,320 | €1,224 | -€97 | -7.3% |
| Total equity and liabilities | 10/49 | €35,956 | €49,705 | +€13,749 | +38.2% |
| Equity | 10/15 | €5,000 | €32,652 | +€27,652 | +553% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €27,652 | +€27,652 | |
| Distributable reserves | 133 | - | €27,652 | +€27,652 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,956 | €17,053 | -€13,902 | -44.9% |
| Amounts payable within one year | 42/48 | €30,956 | €17,053 | -€13,902 | -44.9% |
| Trade debts | 44 | €1,666 | €2,656 | +€990 | +59.4% |
| Suppliers | 440/4 | €1,666 | €2,656 | +€990 | +59.4% |
| Taxes, remuneration and social security | 45 | €9,347 | €14,396 | +€5,049 | +54.0% |
| Taxes | 450/3 | €9,347 | €14,396 | +€5,049 | +54.0% |
| Other amounts payable | 47/48 | €19,943 | €2 | -€19,941 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,029 | €1,471 | +€442 | +43.0% |
| Other operating charges | 640/8 | €195 | €0 | -€195 | -100% |
| Non-recurring operating charges | 66A | €1,139 | €1,898 | +€759 | +66.6% |
| Gross operating margin | 9900 | €27,287 | €38,776 | +€11,490 | +42.1% |
| Operating profit (loss) | 9901 | €24,924 | €35,407 | +€10,483 | +42.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €108 | €128 | +€20 | +19.0% |
| Recurring financial charges | 65 | €108 | €128 | +€20 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €24,816 | €35,278 | +€10,463 | +42.2% |
| Income taxes | 67/77 | €5,206 | €7,627 | +€2,421 | +46.5% |
| Profit (loss) for the period | 9904 | €19,610 | €27,652 | +€8,042 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,610 | €27,652 | +€8,042 | +41.0% |
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 27 October 2026 via checked.be.