BRAAM: 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.
BRAAM
Largest movements
- Cash +€18,953
up €18,953 (+39.6%), from €47,864 to €66,817
mainly Net result for the year (+€41,077) and Other debts (+€25,571)
- Receivables within one year +€18,150
new in 2024: €18,150
- Tangible fixed assets -€6,614
down €6,614 (-1.3%), from €520,582 to €513,968
of which Land and buildings: -€20,704
- Reserves +€41,077
up €41,077 (+404.7%), from €10,150 to €51,227
- Debts after one year -€34,335
down €34,335 (-10.0%), from €344,643 to €310,308
- Other debts +€25,571
up €25,571 (+22.1%), from €115,564 to €141,135
- Trade debts -€9,943
down €9,943 (-95.4%), from €10,418 to €474
- Current portion of long-term debt +€6,608
up €6,608 (+18.1%), from €36,449 to €43,058
- Gross operating margin +€60,704
up €60,704 (+178.1%), from €34,092 to €94,796
- Taxes +€15,663
up €15,663, from -€309 to €15,354
- Staff costs -€5,450
down €5,450, from €2,664 to -€2,787
- Depreciation -€3,683
down €3,683 (-12.7%), from €29,036 to €25,353
- Other operating charges +€1,857
up €1,857 (+72.4%), from €2,565 to €4,423
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €570,979 | €598,935 | +€27,956 | +4.9% |
| Fixed assets | 21/28 | €520,582 | €513,968 | -€6,614 | -1.3% |
| Tangible fixed assets | 22/27 | €520,582 | €513,968 | -€6,614 | -1.3% |
| Land and buildings | 22 | €513,776 | €493,072 | -€20,704 | -4.0% |
| Plant, machinery and equipment | 23 | €4,157 | €3,296 | -€861 | -20.7% |
| Furniture and vehicles | 24 | €2,649 | €17,600 | +€14,951 | +564.4% |
| Current assets | 29/58 | €50,397 | €84,967 | +€34,570 | +68.6% |
| Amounts receivable within one year | 40/41 | - | €18,150 | +€18,150 | |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Cash at bank and in hand | 54/58 | €47,864 | €66,817 | +€18,953 | +39.6% |
| Deferred charges and accrued income | 490/1 | €2,533 | - | -€2,533 | |
| Total equity and liabilities | 10/49 | €570,979 | €598,935 | +€27,956 | +4.9% |
| Equity | 10/15 | €48,763 | €89,840 | +€41,077 | +84.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,150 | €51,227 | +€41,077 | +404.7% |
| Distributable reserves | 133 | €10,150 | €51,227 | +€41,077 | +404.7% |
| Profit (loss) carried forward | 14 | €18,613 | €18,613 | = | 0.0% |
| Amounts payable | 17/49 | €522,216 | €509,095 | -€13,120 | -2.5% |
| Amounts payable after more than one year | 17 | €344,643 | €310,308 | -€34,335 | -10.0% |
| Financial debts | 170/4 | €344,643 | €310,308 | -€34,335 | -10.0% |
| Amounts payable within one year | 42/48 | €177,573 | €198,788 | +€21,215 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €36,449 | €43,058 | +€6,608 | +18.1% |
| Financial debts | 43 | €2,797 | - | -€2,797 | |
| Credit institutions | 430/8 | €2,797 | - | -€2,797 | |
| Trade debts | 44 | €10,418 | €474 | -€9,943 | -95.4% |
| Suppliers | 440/4 | €10,418 | €474 | -€9,943 | -95.4% |
| Taxes, remuneration and social security | 45 | €12,345 | €14,121 | +€1,777 | +14.4% |
| Taxes | 450/3 | €12,345 | €10,030 | -€2,315 | -18.7% |
| Remuneration and social security | 454/9 | - | €4,091 | +€4,091 | |
| Other amounts payable | 47/48 | €115,564 | €141,135 | +€25,571 | +22.1% |
| Remuneration, social security and pensions | 62 | €2,664 | -€2,787 | -€5,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,036 | €25,353 | -€3,683 | -12.7% |
| Other operating charges | 640/8 | €2,565 | €4,423 | +€1,857 | +72.4% |
| Gross operating margin | 9900 | €34,092 | €94,796 | +€60,704 | +178.1% |
| Operating profit (loss) | 9901 | -€173 | €67,807 | +€67,980 | |
| Financial income | 75/76B | - | €792 | +€792 | |
| Recurring financial income | 75 | - | €792 | +€792 | |
| Financial charges | 65/66B | €10,901 | €12,169 | +€1,268 | +11.6% |
| Recurring financial charges | 65 | €10,901 | €12,169 | +€1,268 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,074 | €56,430 | +€67,504 | |
| Income taxes | 67/77 | -€309 | €15,354 | +€15,663 | |
| Profit (loss) for the period | 9904 | -€10,764 | €41,077 | +€51,841 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,764 | €41,077 | +€51,841 |
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 1 October 2026 via checked.be.