BRADOM: 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.
BRADOM
Largest movements
- Cash -€34,894
down €34,894 (-21.1%), from €165,046 to €130,152
mainly Contributions, distributions and other (-€76,364) and Receivables within one year (-€22,987)
- Receivables within one year +€22,987
up €22,987 (+24.6%), from €93,294 to €116,281
of which Other amounts receivable: +€11,826
- Tangible fixed assets -€7,921
down €7,921 (-18.5%), from €42,842 to €34,921
of which Furniture and vehicles: -€8,316
- Receivables after one year -€7,000
down €7,000 (-53.8%), from €13,000 to €6,000
- Reserves -€40,991
down €40,991 (-18.5%), from €221,221 to €180,230
of which Distributable reserves: -€40,991
- Other debts +€16,963
up €16,963 (+132.0%), from €12,846 to €29,810
- Trade debts +€11,924
up €11,924 (+156.5%), from €7,621 to €19,546
- Tax, wage and social debts -€9,045
down €9,045 (-16.9%), from €53,431 to €44,387
of which Taxes: -€8,904
- Accrued charges and deferred income -€5,156
down €5,156 (-48.2%), from €10,693 to €5,537
- Gross operating margin -€23,628
down €23,628 (-11.5%), from €205,238 to €181,610
- Staff costs +€19,100
up €19,100 (+22.7%), from €83,992 to €103,091
- Taxes -€13,015
down €13,015 (-44.3%), from €29,348 to €16,333
- Write-downs +€4,150
up €4,150 (+174.3%), from €2,382 to €6,532
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 | €324,405 | €298,102 | -€26,304 | -8.1% |
| Fixed assets | 21/28 | €45,919 | €37,998 | -€7,921 | -17.3% |
| Tangible fixed assets | 22/27 | €42,842 | €34,921 | -€7,921 | -18.5% |
| Plant, machinery and equipment | 23 | €2,750 | €4,385 | +€1,635 | +59.4% |
| Furniture and vehicles | 24 | €36,983 | €28,667 | -€8,316 | -22.5% |
| Other tangible fixed assets | 26 | €3,109 | €1,869 | -€1,240 | -39.9% |
| Financial fixed assets | 28 | €3,077 | €3,077 | = | 0.0% |
| Current assets | 29/58 | €278,486 | €260,104 | -€18,382 | -6.6% |
| Amounts receivable after more than one year | 29 | €13,000 | €6,000 | -€7,000 | -53.8% |
| Other amounts receivable | 291 | €13,000 | €6,000 | -€7,000 | -53.8% |
| Amounts receivable within one year | 40/41 | €93,294 | €116,281 | +€22,987 | +24.6% |
| Trade receivables | 40 | €83,094 | €94,254 | +€11,161 | +13.4% |
| Other amounts receivable | 41 | €10,200 | €22,027 | +€11,826 | +115.9% |
| Cash at bank and in hand | 54/58 | €165,046 | €130,152 | -€34,894 | -21.1% |
| Deferred charges and accrued income | 490/1 | €7,146 | €7,671 | +€525 | +7.3% |
| Total equity and liabilities | 10/49 | €324,405 | €298,102 | -€26,304 | -8.1% |
| Equity | 10/15 | €239,813 | €198,822 | -€40,991 | -17.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €221,221 | €180,230 | -€40,991 | -18.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,109 | €3,109 | = | 0.0% |
| Distributable reserves | 133 | €216,252 | €175,262 | -€40,991 | -19.0% |
| Amounts payable | 17/49 | €84,592 | €99,279 | +€14,687 | +17.4% |
| Amounts payable within one year | 42/48 | €73,899 | €93,742 | +€19,843 | +26.9% |
| Trade debts | 44 | €7,621 | €19,546 | +€11,924 | +156.5% |
| Suppliers | 440/4 | €7,621 | €19,546 | +€11,924 | +156.5% |
| Taxes, remuneration and social security | 45 | €53,431 | €44,387 | -€9,045 | -16.9% |
| Taxes | 450/3 | €38,661 | €29,757 | -€8,904 | -23.0% |
| Remuneration and social security | 454/9 | €14,770 | €14,630 | -€141 | -1.0% |
| Other amounts payable | 47/48 | €12,846 | €29,810 | +€16,963 | +132.0% |
| Accrued charges and deferred income | 492/3 | €10,693 | €5,537 | -€5,156 | -48.2% |
| Remuneration, social security and pensions | 62 | €83,992 | €103,091 | +€19,100 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,330 | €13,187 | +€858 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,382 | €6,532 | +€4,150 | +174.3% |
| Other operating charges | 640/8 | €6,079 | €6,948 | +€869 | +14.3% |
| Gross operating margin | 9900 | €205,238 | €181,610 | -€23,628 | -11.5% |
| Operating profit (loss) | 9901 | €100,455 | €51,851 | -€48,604 | -48.4% |
| Financial income | 75/76B | €1,286 | €1,379 | +€93 | +7.2% |
| Recurring financial income | 75 | €1,286 | €1,379 | +€93 | +7.2% |
| Financial charges | 65/66B | €650 | €1,524 | +€874 | +134.6% |
| Recurring financial charges | 65 | €650 | €1,524 | +€874 | +134.6% |
| Profit (loss) for the period before taxes | 9903 | €101,092 | €51,707 | -€49,385 | -48.9% |
| Income taxes | 67/77 | €29,348 | €16,333 | -€13,015 | -44.3% |
| Profit (loss) for the period | 9904 | €71,744 | €35,374 | -€36,370 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,744 | €35,374 | -€36,370 | -50.7% |
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 6 October 2026 via checked.be.