B.R.A.M.: 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.
B.R.A.M.
Largest movements
- Financial fixed assets +€38,750
up €38,750 (+45.4%), from €85,357 to €124,107
- Receivables within one year +€34,070
up €34,070 (+269%), from €12,644 to €46,714
of which Other amounts receivable: +€25,241
- Receivables after one year -€12,500
down €12,500 (-100%), from €12,500 to €0
- Tangible fixed assets -€11,664
down €11,664 (-3.0%), from €388,853 to €377,189
of which Land and buildings: -€8,880
- Cash +€6,070
up €6,070 (+394%), from €1,541 to €7,611
mainly Net result for the year (+€39,950) and Other debts (+€23,675)
- Other debts +€23,675
up €23,675 (+247%), from €9,600 to €33,275
- Tax, wage and social debts +€18,788
up €18,788 (+205%), from €9,187 to €27,975
of which Taxes: +€21,788
- Current portion of long-term debt +€6,027
up €6,027 (+13.5%), from €44,769 to €50,796
- Gross operating margin +€53,636
up €53,636 (+180%), from €29,779 to €83,415
- Taxes +€22,105
up €22,105, from €0 to €22,105
- Financial charges +€2,056
up €2,056 (+41.0%), from €5,011 to €7,067
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 | €502,230 | €557,666 | +€55,436 | +11.0% |
| Fixed assets | 21/28 | €474,210 | €501,296 | +€27,086 | +5.7% |
| Tangible fixed assets | 22/27 | €388,853 | €377,189 | -€11,664 | -3.0% |
| Land and buildings | 22 | €370,967 | €362,087 | -€8,880 | -2.4% |
| Plant, machinery and equipment | 23 | €2,837 | €2,379 | -€458 | -16.2% |
| Furniture and vehicles | 24 | €15,049 | €12,724 | -€2,326 | -15.5% |
| Financial fixed assets | 28 | €85,357 | €124,107 | +€38,750 | +45.4% |
| Current assets | 29/58 | €28,020 | €56,370 | +€28,350 | +101% |
| Amounts receivable after more than one year | 29 | €12,500 | €0 | -€12,500 | -100% |
| Other amounts receivable | 291 | €12,500 | €0 | -€12,500 | -100% |
| Amounts receivable within one year | 40/41 | €12,644 | €46,714 | +€34,070 | +269% |
| Trade receivables | 40 | €12,037 | €20,867 | +€8,830 | +73.4% |
| Other amounts receivable | 41 | €607 | €25,847 | +€25,241 | +4,160% |
| Cash at bank and in hand | 54/58 | €1,541 | €7,611 | +€6,070 | +394% |
| Deferred charges and accrued income | 490/1 | €1,336 | €2,045 | +€710 | +53.1% |
| Total equity and liabilities | 10/49 | €502,230 | €557,666 | +€55,436 | +11.0% |
| Equity | 10/15 | €64,893 | €75,318 | +€10,425 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,632 | €56,718 | +€5,086 | +9.9% |
| Distributable reserves | 133 | €51,632 | €56,718 | +€5,086 | +9.9% |
| Profit (loss) carried forward | 14 | -€5,339 | €0 | +€5,339 | |
| Amounts payable | 17/49 | €437,337 | €482,348 | +€45,011 | +10.3% |
| Amounts payable after more than one year | 17 | €357,349 | €356,725 | -€624 | -0.2% |
| Financial debts | 170/4 | €357,349 | €356,725 | -€624 | -0.2% |
| Amounts payable within one year | 42/48 | €70,410 | €116,432 | +€46,022 | +65.4% |
| Current portion of amounts payable after more than one year | 42 | €44,769 | €50,796 | +€6,027 | +13.5% |
| Trade debts | 44 | €6,855 | €4,386 | -€2,469 | -36.0% |
| Suppliers | 440/4 | €6,855 | €4,386 | -€2,469 | -36.0% |
| Taxes, remuneration and social security | 45 | €9,187 | €27,975 | +€18,788 | +205% |
| Taxes | 450/3 | €6,187 | €27,975 | +€21,788 | +352% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €9,600 | €33,275 | +€23,675 | +247% |
| Accrued charges and deferred income | 492/3 | €9,578 | €9,191 | -€387 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,895 | €11,664 | -€231 | -1.9% |
| Other operating charges | 640/8 | €3,341 | €2,751 | -€590 | -17.7% |
| Gross operating margin | 9900 | €29,779 | €83,415 | +€53,636 | +180% |
| Operating profit (loss) | 9901 | €14,543 | €69,000 | +€54,457 | +374% |
| Financial income | 75/76B | €125 | €122 | -€3 | -2.6% |
| Recurring financial income | 75 | €125 | €122 | -€3 | -2.6% |
| Financial charges | 65/66B | €5,011 | €7,067 | +€2,056 | +41.0% |
| Recurring financial charges | 65 | €5,011 | €7,067 | +€2,056 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €9,657 | €62,055 | +€52,398 | +543% |
| Income taxes | 67/77 | €0 | €22,105 | +€22,105 | |
| Profit (loss) for the period | 9904 | €9,657 | €39,950 | +€30,293 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €9,657 | €39,950 | +€30,293 | +314% |
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 17 October 2026 via checked.be.