BRAAM JPB: 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.
BRAAM JPB
Largest movements
- Tangible fixed assets -€106,924
down €106,924 (-42.8%), from €249,926 to €143,002
of which Plant, machinery and equipment: -€70,028
- Cash +€17,752
up €17,752 (+11.6%), from €153,512 to €171,265
mainly Net result for the year (+€123,257) and Investment in fixed assets (net) (+€106,193)
- Deferred charges and accrued income +€13,022
up €13,022 (+3,276%), from €398 to €13,420
- Other debts -€206,226
down €206,226 (-98.8%), from €208,777 to €2,551
- Reserves +€116,391
up €116,391 (+217%), from €53,610 to €170,001
of which Distributable reserves: +€61,487
- Provisions +€11,529
up €11,529 (+64.9%), from €17,777 to €29,306
- Profit (loss) carried forward +€6,866
up €6,866, from -€6,866 to €0
- Tax, wage and social debts -€4,497
down €4,497 (-64.1%), from €7,015 to €2,517
- Gross operating margin +€137,656
up €137,656 (+764%), from €18,014 to €155,671
- Depreciation -€25,462
down €25,462 (-97.0%), from €26,243 to €781
- Taxes +€16,844
up €16,844 (+7,803%), from €216 to €17,060
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 | €404,007 | €331,021 | -€72,986 | -18.1% |
| Fixed assets | 21/28 | €249,976 | €143,002 | -€106,974 | -42.8% |
| Tangible fixed assets | 22/27 | €249,926 | €143,002 | -€106,924 | -42.8% |
| Land and buildings | 22 | €176,807 | €139,377 | -€37,430 | -21.2% |
| Plant, machinery and equipment | 23 | €72,988 | €2,960 | -€70,028 | -95.9% |
| Furniture and vehicles | 24 | €131 | €665 | +€534 | +407% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100% |
| Current assets | 29/58 | €154,031 | €188,019 | +€33,988 | +22.1% |
| Amounts receivable within one year | 40/41 | €121 | €3,335 | +€3,214 | +2,656% |
| Trade receivables | 40 | €121 | €0 | -€121 | -100% |
| Other amounts receivable | 41 | - | €3,335 | +€3,335 | |
| Cash at bank and in hand | 54/58 | €153,512 | €171,265 | +€17,752 | +11.6% |
| Deferred charges and accrued income | 490/1 | €398 | €13,420 | +€13,022 | +3,276% |
| Total equity and liabilities | 10/49 | €404,007 | €331,021 | -€72,986 | -18.1% |
| Equity | 10/15 | €170,245 | €293,501 | +€123,257 | +72.4% |
| Contributions | 10/11 | €123,500 | €123,500 | = | 0.0% |
| Reserves | 13 | €53,610 | €170,001 | +€116,391 | +217% |
| Tax-exempt reserves | 132 | €33,015 | €87,919 | +€54,904 | +166% |
| Distributable reserves | 133 | €20,595 | €82,082 | +€61,487 | +299% |
| Profit (loss) carried forward | 14 | -€6,866 | €0 | +€6,866 | |
| Provisions and deferred taxes | 16 | €17,777 | €29,306 | +€11,529 | +64.9% |
| Deferred taxes | 168 | €17,777 | €29,306 | +€11,529 | +64.9% |
| Amounts payable | 17/49 | €215,985 | €8,213 | -€207,772 | -96.2% |
| Amounts payable within one year | 42/48 | €215,985 | €8,213 | -€207,772 | -96.2% |
| Financial debts | 43 | €7 | €0 | -€7 | -100% |
| Credit institutions | 430/8 | €7 | €0 | -€7 | -100% |
| Trade debts | 44 | €186 | €2,540 | +€2,354 | +1,263% |
| Suppliers | 440/4 | €186 | €2,540 | +€2,354 | +1,263% |
| Advances received on contracts in progress | 46 | - | €605 | +€605 | |
| Taxes, remuneration and social security | 45 | €7,015 | €2,517 | -€4,497 | -64.1% |
| Taxes | 450/3 | €7,015 | €2,517 | -€4,497 | -64.1% |
| Other amounts payable | 47/48 | €208,777 | €2,551 | -€206,226 | -98.8% |
| Non-recurring operating income | 76A | - | €117,483 | +€117,483 | |
| Remuneration, social security and pensions | 62 | €1,126 | €0 | -€1,126 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,243 | €781 | -€25,462 | -97.0% |
| Other operating charges | 640/8 | €3,186 | €3,684 | +€499 | +15.7% |
| Gross operating margin | 9900 | €18,014 | €155,671 | +€137,656 | +764% |
| Operating profit (loss) | 9901 | -€12,540 | €151,205 | +€163,745 | |
| Financial income | 75/76B | €161 | €995 | +€834 | +519% |
| Recurring financial income | 75 | €161 | €10 | -€150 | -93.6% |
| Non-recurring financial income | 76B | - | €985 | +€985 | |
| Financial charges | 65/66B | €129 | €355 | +€225 | +174% |
| Recurring financial charges | 65 | €129 | €355 | +€225 | +174% |
| Profit (loss) for the period before taxes | 9903 | -€12,508 | €151,846 | +€164,354 | |
| Transfer from deferred taxes | 780 | €2,051 | €17,842 | +€15,791 | +770% |
| Transfer to deferred taxes | 680 | - | €29,371 | +€29,371 | |
| Income taxes | 67/77 | €216 | €17,060 | +€16,844 | +7,803% |
| Profit (loss) for the period | 9904 | -€10,674 | €123,257 | +€133,930 | |
| Transfer from tax-exempt reserves | 789 | €3,808 | €33,208 | +€29,400 | +772% |
| Transfer to tax-exempt reserves | 689 | - | €88,112 | +€88,112 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,866 | €68,352 | +€75,218 |
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 1 November 2026 via checked.be.