Brabaro: 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.
Brabaro
Largest movements
- Receivables within one year +€7,725
up €7,725 (+9.3%), from €82,703 to €90,428
of which Other amounts receivable: +€8,987
- Cash +€3,585
up €3,585 (+7.1%), from €50,430 to €54,015
mainly Net result for the year (+€66,745) and Other debts (+€19,277)
- Other debts +€19,277
up €19,277 (+14.0%), from €137,574 to €156,852
- Reserves -€8,255
down €8,255 (-17.4%), from €47,449 to €39,195
of which Distributable reserves: -€8,255
- Tax, wage and social debts -€6,411
down €6,411 (-37.3%), from €17,203 to €10,792
of which Remuneration and social security: -€6,575
- Short-term financial debts +€5,147
new in 2025: €5,147
- Staff costs +€19,193
up €19,193 (+22.4%), from €85,829 to €105,023
- Gross operating margin -€5,769
down €5,769 (-3.2%), from €178,197 to €172,428
- Taxes -€2,773
down €2,773 (-89.5%), from €3,097 to €324
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.
Cash bridge derived
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 | €208,569 | €218,636 | +€10,066 | +4.8% |
| Fixed assets | 21/28 | €7,904 | €6,738 | -€1,166 | -14.8% |
| Tangible fixed assets | 22/27 | €7,504 | €6,338 | -€1,166 | -15.5% |
| Plant, machinery and equipment | 23 | €5,455 | €4,787 | -€668 | -12.2% |
| Furniture and vehicles | 24 | €2,049 | €1,550 | -€498 | -24.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €200,665 | €211,898 | +€11,233 | +5.6% |
| Amounts receivable within one year | 40/41 | €82,703 | €90,428 | +€7,725 | +9.3% |
| Trade receivables | 40 | €30,660 | €29,398 | -€1,263 | -4.1% |
| Other amounts receivable | 41 | €52,043 | €61,030 | +€8,987 | +17.3% |
| Current investments | 50/53 | €65,950 | €65,950 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,430 | €54,015 | +€3,585 | +7.1% |
| Deferred charges and accrued income | 490/1 | €1,582 | €1,505 | -€77 | -4.9% |
| Total equity and liabilities | 10/49 | €208,569 | €218,636 | +€10,066 | +4.8% |
| Equity | 10/15 | €53,649 | €45,395 | -€8,255 | -15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,449 | €39,195 | -€8,255 | -17.4% |
| Tax-exempt reserves | 132 | €11,149 | €11,149 | = | 0.0% |
| Distributable reserves | 133 | €36,300 | €28,045 | -€8,255 | -22.7% |
| Amounts payable | 17/49 | €154,920 | €173,241 | +€18,321 | +11.8% |
| Amounts payable within one year | 42/48 | €154,920 | €173,241 | +€18,321 | +11.8% |
| Financial debts | 43 | - | €5,147 | +€5,147 | |
| Credit institutions | 430/8 | - | €5,147 | +€5,147 | |
| Trade debts | 44 | €143 | €451 | +€308 | +215.4% |
| Suppliers | 440/4 | €143 | €451 | +€308 | +215.4% |
| Taxes, remuneration and social security | 45 | €17,203 | €10,792 | -€6,411 | -37.3% |
| Taxes | 450/3 | €1,719 | €1,884 | +€165 | +9.6% |
| Remuneration and social security | 454/9 | €15,483 | €8,908 | -€6,575 | -42.5% |
| Other amounts payable | 47/48 | €137,574 | €156,852 | +€19,277 | +14.0% |
| Remuneration, social security and pensions | 62 | €85,829 | €105,023 | +€19,193 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €937 | €1,166 | +€229 | +24.5% |
| Other operating charges | 640/8 | €1,416 | €1,343 | -€72 | -5.1% |
| Gross operating margin | 9900 | €178,197 | €172,428 | -€5,769 | -3.2% |
| Operating profit (loss) | 9901 | €90,015 | €64,896 | -€25,119 | -27.9% |
| Financial income | 75/76B | €2,515 | €3,025 | +€510 | +20.3% |
| Recurring financial income | 75 | €2,515 | €3,025 | +€510 | +20.3% |
| Financial charges | 65/66B | €778 | €852 | +€74 | +9.5% |
| Recurring financial charges | 65 | €778 | €852 | +€74 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €91,751 | €67,069 | -€24,682 | -26.9% |
| Income taxes | 67/77 | €3,097 | €324 | -€2,773 | -89.5% |
| Profit (loss) for the period | 9904 | €88,655 | €66,745 | -€21,910 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,655 | €66,745 | -€21,910 | -24.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.