BRAEM-ENERGY: 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.
BRAEM-ENERGY
Largest movements
- Receivables within one year +€55,589
up €55,589 (+258%), from €21,535 to €77,125
of which Other amounts receivable: +€36,052
- Tangible fixed assets -€26,093
down €26,093 (-8.4%), from €309,058 to €282,965
of which Furniture and vehicles: -€14,503
- Cash +€18,800
up €18,800 (+18.7%), from €100,356 to €119,155
mainly Trade debts (+€77,115) and Net result for the year (+€68,153)
- Deferred charges and accrued income -€12,200
down €12,200 (-25.0%), from €48,800 to €36,600
- Trade debts +€77,115
up €77,115 (+496%), from €15,537 to €92,652
- Accrued charges and deferred income -€61,730
down €61,730 (-95.7%), from €64,491 to €2,761
- Reserves +€60,000
up €60,000 (+46.2%), from €130,000 to €190,000
- Debts after one year -€36,438
down €36,438 (-26.2%), from €138,888 to €102,450
- Tax, wage and social debts -€14,582
down €14,582 (-29.4%), from €49,582 to €35,000
- Gross operating margin -€71,304
down €71,304 (-32.5%), from €219,629 to €148,325
- Taxes -€17,775
down €17,775 (-33.7%), from €52,775 to €35,000
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 | €480,128 | €515,845 | +€35,717 | +7.4% |
| Formation expenses | 20 | €380 | - | -€380 | |
| Fixed assets | 21/28 | €309,058 | €282,965 | -€26,093 | -8.4% |
| Tangible fixed assets | 22/27 | €309,058 | €282,965 | -€26,093 | -8.4% |
| Land and buildings | 22 | €225,704 | €215,989 | -€9,715 | -4.3% |
| Plant, machinery and equipment | 23 | €14,337 | €12,462 | -€1,875 | -13.1% |
| Furniture and vehicles | 24 | €69,017 | €54,514 | -€14,503 | -21.0% |
| Current assets | 29/58 | €170,691 | €232,880 | +€62,189 | +36.4% |
| Amounts receivable within one year | 40/41 | €21,535 | €77,125 | +€55,589 | +258% |
| Trade receivables | 40 | €13,547 | €33,084 | +€19,537 | +144% |
| Other amounts receivable | 41 | €7,988 | €44,040 | +€36,052 | +451% |
| Cash at bank and in hand | 54/58 | €100,356 | €119,155 | +€18,800 | +18.7% |
| Deferred charges and accrued income | 490/1 | €48,800 | €36,600 | -€12,200 | -25.0% |
| Total equity and liabilities | 10/49 | €480,128 | €515,845 | +€35,717 | +7.4% |
| Equity | 10/15 | €134,300 | €194,120 | +€59,820 | +44.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €130,000 | €190,000 | +€60,000 | +46.2% |
| Distributable reserves | 133 | €130,000 | €190,000 | +€60,000 | +46.2% |
| Profit (loss) carried forward | 14 | €2,300 | €2,120 | -€180 | -7.8% |
| Provisions and deferred taxes | 16 | €30,039 | €30,039 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,039 | €30,039 | = | 0.0% |
| Environmental obligations | 163 | €30,039 | €30,039 | = | 0.0% |
| Amounts payable | 17/49 | €315,788 | €291,685 | -€24,103 | -7.6% |
| Amounts payable after more than one year | 17 | €138,888 | €102,450 | -€36,438 | -26.2% |
| Financial debts | 170/4 | €138,888 | €102,450 | -€36,438 | -26.2% |
| Amounts payable within one year | 42/48 | €112,409 | €186,474 | +€74,065 | +65.9% |
| Current portion of amounts payable after more than one year | 42 | €36,141 | €36,438 | +€297 | +0.8% |
| Trade debts | 44 | €15,537 | €92,652 | +€77,115 | +496% |
| Suppliers | 440/4 | €15,537 | €92,652 | +€77,115 | +496% |
| Taxes, remuneration and social security | 45 | €49,582 | €35,000 | -€14,582 | -29.4% |
| Taxes | 450/3 | €49,582 | €35,000 | -€14,582 | -29.4% |
| Other amounts payable | 47/48 | €11,149 | €22,384 | +€11,235 | +101% |
| Accrued charges and deferred income | 492/3 | €64,491 | €2,761 | -€61,730 | -95.7% |
| Remuneration, social security and pensions | 62 | €3,496 | €2,600 | -€896 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,734 | €31,651 | +€917 | +3.0% |
| Other operating charges | 640/8 | €1,445 | €1,833 | +€388 | +26.9% |
| Gross operating margin | 9900 | €219,629 | €148,325 | -€71,304 | -32.5% |
| Operating profit (loss) | 9901 | €183,955 | €112,242 | -€71,713 | -39.0% |
| Financial income | 75/76B | €0 | €65 | +€65 | +59,045% |
| Recurring financial income | 75 | €0 | €65 | +€65 | +59,045% |
| Financial charges | 65/66B | €9,412 | €9,154 | -€258 | -2.7% |
| Recurring financial charges | 65 | €9,412 | €9,154 | -€258 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €174,543 | €103,153 | -€71,389 | -40.9% |
| Income taxes | 67/77 | €52,775 | €35,000 | -€17,775 | -33.7% |
| Profit (loss) for the period | 9904 | €121,768 | €68,153 | -€53,615 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,768 | €68,153 | -€53,615 | -44.0% |
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 29 October 2026 via checked.be.