BRACMA: 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.
BRACMA
Largest movements
- Cash -€156,924
down €156,924 (-97.5%), from €160,941 to €4,017
mainly Receivables within one year (-€103,289) and Contributions, distributions and other (-€31,425)
- Receivables within one year +€103,289
up €103,289 (+177.2%), from €58,298 to €161,587
of which Other amounts receivable: +€101,253
- Tangible fixed assets +€12,864
up €12,864 (+17.5%), from €73,556 to €86,420
of which Land and buildings: +€12,864
- Current investments -€7,873
down €7,873 (-26.8%), from €29,331 to €21,458
- Reserves -€31,425
down €31,425 (-12.4%), from €253,265 to €221,841
- Tax, wage and social debts -€14,804
down €14,804 (-71.4%), from €20,739 to €5,935
- Profit (loss) carried forward -€6,151
new in 2025: -€6,151
- Trade debts +€3,516
up €3,516 (+13.2%), from €26,659 to €30,176
- Gross operating margin -€80,760
down €80,760, from €74,953 to -€5,807
- Taxes -€21,466
down €21,466 (-98.9%), from €21,714 to €248
- Financial charges -€3,490
down €3,490 (-36.8%), from €9,487 to €5,998
- Financial income +€2,767
up €2,767 (+37.4%), from €7,391 to €10,158
- Depreciation +€2,015
up €2,015 (+136.9%), from €1,472 to €3,487
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 | €341,618 | €291,005 | -€50,613 | -14.8% |
| Fixed assets | 21/28 | €73,556 | €86,420 | +€12,864 | +17.5% |
| Tangible fixed assets | 22/27 | €73,556 | €86,420 | +€12,864 | +17.5% |
| Land and buildings | 22 | €71,056 | €83,920 | +€12,864 | +18.1% |
| Furniture and vehicles | 24 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €268,062 | €204,585 | -€63,477 | -23.7% |
| Amounts receivable after more than one year | 29 | €18,367 | €15,833 | -€2,533 | -13.8% |
| Other amounts receivable | 291 | €18,367 | €15,833 | -€2,533 | -13.8% |
| Amounts receivable within one year | 40/41 | €58,298 | €161,587 | +€103,289 | +177.2% |
| Trade receivables | 40 | €14,974 | €17,010 | +€2,037 | +13.6% |
| Other amounts receivable | 41 | €43,324 | €144,577 | +€101,253 | +233.7% |
| Current investments | 50/53 | €29,331 | €21,458 | -€7,873 | -26.8% |
| Cash at bank and in hand | 54/58 | €160,941 | €4,017 | -€156,924 | -97.5% |
| Deferred charges and accrued income | 490/1 | €1,125 | €1,689 | +€564 | +50.2% |
| Total equity and liabilities | 10/49 | €341,618 | €291,005 | -€50,613 | -14.8% |
| Equity | 10/15 | €253,265 | €215,690 | -€37,576 | -14.8% |
| Reserves | 13 | €253,265 | €221,841 | -€31,425 | -12.4% |
| Distributable reserves | 133 | €253,265 | €221,841 | -€31,425 | -12.4% |
| Profit (loss) carried forward | 14 | - | -€6,151 | -€6,151 | |
| Amounts payable | 17/49 | €88,352 | €75,315 | -€13,037 | -14.8% |
| Amounts payable after more than one year | 17 | €38,877 | €36,702 | -€2,175 | -5.6% |
| Financial debts | 170/4 | €38,877 | €36,702 | -€2,175 | -5.6% |
| Amounts payable within one year | 42/48 | €49,475 | €38,613 | -€10,862 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €2,077 | €2,503 | +€426 | +20.5% |
| Trade debts | 44 | €26,659 | €30,176 | +€3,516 | +13.2% |
| Suppliers | 440/4 | €26,659 | €30,176 | +€3,516 | +13.2% |
| Taxes, remuneration and social security | 45 | €20,739 | €5,935 | -€14,804 | -71.4% |
| Taxes | 450/3 | €20,739 | €5,935 | -€14,804 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,472 | €3,487 | +€2,015 | +136.9% |
| Other operating charges | 640/8 | €845 | €770 | -€75 | -8.9% |
| Gross operating margin | 9900 | €74,953 | -€5,807 | -€80,760 | |
| Operating profit (loss) | 9901 | €72,636 | -€10,063 | -€82,699 | |
| Financial income | 75/76B | €7,391 | €10,158 | +€2,767 | +37.4% |
| Recurring financial income | 75 | €7,391 | €10,158 | +€2,767 | +37.4% |
| Financial charges | 65/66B | €9,487 | €5,998 | -€3,490 | -36.8% |
| Recurring financial charges | 65 | €9,487 | €5,998 | -€3,490 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €70,540 | -€5,903 | -€76,443 | |
| Income taxes | 67/77 | €21,714 | €248 | -€21,466 | -98.9% |
| Profit (loss) for the period | 9904 | €48,826 | -€6,151 | -€54,977 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,826 | -€6,151 | -€54,977 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.