BRAEMS KOBE: 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.
BRAEMS KOBE
Largest movements
- Receivables within one year -€7,432
down €7,432 (-45.8%), from €16,222 to €8,789
of which Trade receivables: -€7,361
- Cash +€6,673
up €6,673 (+15.1%), from €44,217 to €50,890
mainly Net result for the year (+€10,019) and Receivables within one year (+€7,432)
- Tangible fixed assets -€5,579
down €5,579 (-35.1%), from €15,875 to €10,296
of which Furniture and vehicles: -€5,151
- Debts after one year -€5,429
no longer reported in 2025 (was €5,429)
- Reserves +€5,219
up €5,219 (+10.2%), from €51,205 to €56,424
- Trade debts -€5,175
down €5,175 (-69.0%), from €7,503 to €2,328
- Current portion of long-term debt -€950
down €950 (-14.9%), from €6,379 to €5,429
- Tax, wage and social debts -€783
down €783 (-23.9%), from €3,276 to €2,493
of which Taxes: -€783
- Gross operating margin -€3,566
down €3,566 (-13.9%), from €25,608 to €22,042
- Taxes -€775
down €775 (-21.7%), from €3,568 to €2,793
- Staff costs +€760
up €760 (+47.6%), from €1,597 to €2,357
- Other operating charges +€523
up €523 (+119%), from €438 to €961
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 | €77,868 | €71,309 | -€6,559 | -8.4% |
| Fixed assets | 21/28 | €15,875 | €10,296 | -€5,579 | -35.1% |
| Tangible fixed assets | 22/27 | €15,875 | €10,296 | -€5,579 | -35.1% |
| Plant, machinery and equipment | 23 | €1,077 | €648 | -€429 | -39.8% |
| Furniture and vehicles | 24 | €14,799 | €9,648 | -€5,151 | -34.8% |
| Current assets | 29/58 | €61,993 | €61,013 | -€980 | -1.6% |
| Amounts receivable within one year | 40/41 | €16,222 | €8,789 | -€7,432 | -45.8% |
| Trade receivables | 40 | €15,536 | €8,175 | -€7,361 | -47.4% |
| Other amounts receivable | 41 | €685 | €614 | -€71 | -10.4% |
| Cash at bank and in hand | 54/58 | €44,217 | €50,890 | +€6,673 | +15.1% |
| Deferred charges and accrued income | 490/1 | €1,555 | €1,334 | -€220 | -14.2% |
| Total equity and liabilities | 10/49 | €77,868 | €71,309 | -€6,559 | -8.4% |
| Equity | 10/15 | €54,205 | €59,424 | +€5,219 | +9.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,205 | €56,424 | +€5,219 | +10.2% |
| Distributable reserves | 133 | €51,205 | €56,424 | +€5,219 | +10.2% |
| Amounts payable | 17/49 | €23,663 | €11,885 | -€11,778 | -49.8% |
| Amounts payable after more than one year | 17 | €5,429 | - | -€5,429 | |
| Financial debts | 170/4 | €5,429 | - | -€5,429 | |
| Amounts payable within one year | 42/48 | €18,234 | €11,885 | -€6,349 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €6,379 | €5,429 | -€950 | -14.9% |
| Trade debts | 44 | €7,503 | €2,328 | -€5,175 | -69.0% |
| Suppliers | 440/4 | €7,503 | €2,328 | -€5,175 | -69.0% |
| Taxes, remuneration and social security | 45 | €3,276 | €2,493 | -€783 | -23.9% |
| Taxes | 450/3 | €1,576 | €793 | -€783 | -49.7% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €1,075 | €1,634 | +€559 | +52.0% |
| Remuneration, social security and pensions | 62 | €1,597 | €2,357 | +€760 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,656 | €5,579 | -€77 | -1.4% |
| Other operating charges | 640/8 | €438 | €961 | +€523 | +119% |
| Gross operating margin | 9900 | €25,608 | €22,042 | -€3,566 | -13.9% |
| Operating profit (loss) | 9901 | €17,917 | €13,144 | -€4,773 | -26.6% |
| Financial income | 75/76B | €27 | €3 | -€24 | -89.0% |
| Recurring financial income | 75 | €27 | €3 | -€24 | -89.0% |
| Financial charges | 65/66B | €497 | €335 | -€162 | -32.6% |
| Recurring financial charges | 65 | €497 | €335 | -€162 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €17,447 | €12,812 | -€4,635 | -26.6% |
| Income taxes | 67/77 | €3,568 | €2,793 | -€775 | -21.7% |
| Profit (loss) for the period | 9904 | €13,878 | €10,019 | -€3,860 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,878 | €10,019 | -€3,860 | -27.8% |
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 31 October 2026 via checked.be.