BRAEM GLOBAL ENGINEERING: 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.
BRAEM GLOBAL ENGINEERING
Largest movements
- Tangible fixed assets -€14,947
down €14,947 (-17.9%), from €83,702 to €68,755
of which Land and buildings: -€9,781
- Receivables within one year +€14,273
up €14,273 (+24.2%), from €58,932 to €73,205
of which Trade receivables: +€14,944
- Receivables after one year +€7,922
up €7,922 (+2.8%), from €282,277 to €290,199
- Reserves +€8,555
up €8,555 (+2.0%), from €428,289 to €436,844
- Depreciation -€9,791
down €9,791 (-39.6%), from €24,738 to €14,947
- Gross operating margin -€9,023
down €9,023 (-21.3%), from €42,310 to €33,287
- Taxes -€1,599
down €1,599 (-48.5%), from €3,294 to €1,695
- Other operating charges -€1,015
down €1,015 (-23.8%), from €4,269 to €3,254
- Financial income +€544
up €544 (+7.0%), from €7,784 to €8,328
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 | €481,673 | €492,379 | +€10,706 | +2.2% |
| Fixed assets | 21/28 | €83,702 | €68,755 | -€14,947 | -17.9% |
| Tangible fixed assets | 22/27 | €83,702 | €68,755 | -€14,947 | -17.9% |
| Land and buildings | 22 | €78,178 | €68,396 | -€9,781 | -12.5% |
| Plant, machinery and equipment | 23 | €1,201 | €359 | -€843 | -70.1% |
| Furniture and vehicles | 24 | €4,323 | - | -€4,323 | |
| Current assets | 29/58 | €397,971 | €423,624 | +€25,653 | +6.4% |
| Amounts receivable after more than one year | 29 | €282,277 | €290,199 | +€7,922 | +2.8% |
| Other amounts receivable | 291 | €282,277 | €290,199 | +€7,922 | +2.8% |
| Amounts receivable within one year | 40/41 | €58,932 | €73,205 | +€14,273 | +24.2% |
| Trade receivables | 40 | €58,080 | €73,024 | +€14,944 | +25.7% |
| Other amounts receivable | 41 | €852 | €182 | -€670 | -78.7% |
| Cash at bank and in hand | 54/58 | €48,921 | €52,270 | +€3,349 | +6.8% |
| Deferred charges and accrued income | 490/1 | €7,842 | €7,950 | +€108 | +1.4% |
| Total equity and liabilities | 10/49 | €481,673 | €492,379 | +€10,706 | +2.2% |
| Equity | 10/15 | €463,309 | €471,864 | +€8,555 | +1.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €428,289 | €436,844 | +€8,555 | +2.0% |
| Distributable reserves | 133 | €428,289 | €436,844 | +€8,555 | +2.0% |
| Profit (loss) carried forward | 14 | €10,020 | €10,020 | = | 0.0% |
| Amounts payable | 17/49 | €18,364 | €20,515 | +€2,151 | +11.7% |
| Amounts payable within one year | 42/48 | €18,364 | €20,515 | +€2,151 | +11.7% |
| Trade debts | 44 | €6,930 | €10,936 | +€4,006 | +57.8% |
| Suppliers | 440/4 | €6,930 | €10,936 | +€4,006 | +57.8% |
| Taxes, remuneration and social security | 45 | €11,433 | €9,579 | -€1,854 | -16.2% |
| Taxes | 450/3 | €6,830 | €8,488 | +€1,659 | +24.3% |
| Remuneration and social security | 454/9 | €4,604 | €1,091 | -€3,513 | -76.3% |
| Remuneration, social security and pensions | 62 | €12,842 | €12,909 | +€67 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,738 | €14,947 | -€9,791 | -39.6% |
| Other operating charges | 640/8 | €4,269 | €3,254 | -€1,015 | -23.8% |
| Gross operating margin | 9900 | €42,310 | €33,287 | -€9,023 | -21.3% |
| Operating profit (loss) | 9901 | €462 | €2,178 | +€1,717 | +371.9% |
| Financial income | 75/76B | €7,784 | €8,328 | +€544 | +7.0% |
| Recurring financial income | 75 | €7,784 | €8,328 | +€544 | +7.0% |
| Financial charges | 65/66B | €219 | €256 | +€37 | +17.0% |
| Recurring financial charges | 65 | €219 | €256 | +€37 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €8,026 | €10,250 | +€2,223 | +27.7% |
| Income taxes | 67/77 | €3,294 | €1,695 | -€1,599 | -48.5% |
| Profit (loss) for the period | 9904 | €4,733 | €8,555 | +€3,822 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,733 | €8,555 | +€3,822 | +80.8% |
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 3 October 2026 via checked.be.