Braet J.: 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.
Braet J.
Largest movements
- Cash +€10,686
up €10,686 (+155%), from €6,892 to €17,577
mainly Net result for the year (+€10,554) and Tax, wage and social debts (+€1,737)
- Receivables after one year +€5,000
up €5,000 (+5.9%), from €85,000 to €90,000
- Receivables within one year -€1,691
down €1,691 (-82.9%), from €2,039 to €348
- Reserves +€10,554
up €10,554 (+14.0%), from €75,222 to €85,776
of which Distributable reserves: +€10,554
- Tax, wage and social debts +€1,737
new in 2025: €1,737
- Other debts +€1,703
up €1,703 (+1,462%), from €117 to €1,820
- Gross operating margin +€9,757
up €9,757 (+303%), from €3,224 to €12,982
- Taxes +€2,580
up €2,580 (+120%), from €2,152 to €4,732
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 | €93,931 | €107,925 | +€13,994 | +14.9% |
| Current assets | 29/58 | €93,931 | €107,925 | +€13,994 | +14.9% |
| Amounts receivable after more than one year | 29 | €85,000 | €90,000 | +€5,000 | +5.9% |
| Other amounts receivable | 291 | €85,000 | €90,000 | +€5,000 | +5.9% |
| Amounts receivable within one year | 40/41 | €2,039 | €348 | -€1,691 | -82.9% |
| Other amounts receivable | 41 | €2,039 | €348 | -€1,691 | -82.9% |
| Cash at bank and in hand | 54/58 | €6,892 | €17,577 | +€10,686 | +155% |
| Total equity and liabilities | 10/49 | €93,931 | €107,925 | +€13,994 | +14.9% |
| Equity | 10/15 | €93,814 | €104,368 | +€10,554 | +11.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €75,222 | €85,776 | +€10,554 | +14.0% |
| Non-distributable reserves | 130/1 | €75 | €75 | = | 0.0% |
| Reserves not available under the articles | 1311 | €75 | €75 | = | 0.0% |
| Distributable reserves | 133 | €75,148 | €85,702 | +€10,554 | +14.0% |
| Amounts payable | 17/49 | €117 | €3,557 | +€3,440 | +2,953% |
| Amounts payable within one year | 42/48 | €117 | €3,557 | +€3,440 | +2,953% |
| Taxes, remuneration and social security | 45 | - | €1,737 | +€1,737 | |
| Taxes | 450/3 | - | €1,737 | +€1,737 | |
| Other amounts payable | 47/48 | €117 | €1,820 | +€1,703 | +1,462% |
| Other operating charges | 640/8 | €375 | €386 | +€12 | +3.1% |
| Gross operating margin | 9900 | €3,224 | €12,982 | +€9,757 | +303% |
| Operating profit (loss) | 9901 | €2,850 | €12,596 | +€9,746 | +342% |
| Financial income | 75/76B | €2,615 | €2,735 | +€120 | +4.6% |
| Recurring financial income | 75 | €2,615 | €2,735 | +€120 | +4.6% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.6% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €5,422 | €15,286 | +€9,864 | +182% |
| Income taxes | 67/77 | €2,152 | €4,732 | +€2,580 | +120% |
| Profit (loss) for the period | 9904 | €3,270 | €10,554 | +€7,284 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €3,270 | €10,554 | +€7,284 | +223% |
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 19 October 2026 via checked.be.