BRAF'S: 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.
BRAF'S
Largest movements
- Cash +€11,301
up €11,301 (+708.1%), from €1,596 to €12,897
mainly Other debts (+€19,855) and Receivables within one year (+€10,446)
- Receivables within one year -€10,446
down €10,446 (-85.4%), from €12,232 to €1,786
of which Trade receivables: -€10,950
- Tangible fixed assets +€8,557
up €8,557 (+567.1%), from €1,509 to €10,066
of which Furniture and vehicles: +€5,259
- Deferred charges and accrued income +€367
up €367 (+226.0%), from €162 to €530
- Other debts +€19,855
up €19,855 (+126.2%), from €15,737 to €35,592
- Profit (loss) carried forward -€10,268
down €10,268 (-72.0%), from -€14,270 to -€24,537
- Trade debts +€3,258
up €3,258 (+49.7%), from €6,556 to €9,814
- Tax, wage and social debts -€1,667
down €1,667 (-54.2%), from €3,076 to €1,409
of which Taxes: -€2,149
- Advances received -€1,400
no longer reported in 2025 (was €1,400)
- Purchases and services -€56,157
no longer reported in 2025 (was €56,157)
- Turnover -€49,448
no longer reported in 2025 (was €49,448)
- Other operating charges -€4,918
down €4,918 (-89.9%), from €5,468 to €550
- Staff costs +€1,032
up €1,032 (+62.9%), from €1,641 to €2,673
- Gross operating margin +€948
up €948 (+14.1%), from -€6,709 to -€5,761
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 | €15,500 | €25,278 | +€9,779 | +63.1% |
| Fixed assets | 21/28 | €1,509 | €10,066 | +€8,557 | +567.1% |
| Tangible fixed assets | 22/27 | €1,509 | €10,066 | +€8,557 | +567.1% |
| Plant, machinery and equipment | 23 | €1,509 | €4,807 | +€3,298 | +218.6% |
| Furniture and vehicles | 24 | - | €5,259 | +€5,259 | |
| Current assets | 29/58 | €13,991 | €15,213 | +€1,222 | +8.7% |
| Amounts receivable within one year | 40/41 | €12,232 | €1,786 | -€10,446 | -85.4% |
| Trade receivables | 40 | €12,232 | €1,282 | -€10,950 | -89.5% |
| Other amounts receivable | 41 | €0 | €503 | +€503 | |
| Cash at bank and in hand | 54/58 | €1,596 | €12,897 | +€11,301 | +708.1% |
| Deferred charges and accrued income | 490/1 | €162 | €530 | +€367 | +226.0% |
| Total equity and liabilities | 10/49 | €15,500 | €25,278 | +€9,779 | +63.1% |
| Equity | 10/15 | -€11,270 | -€21,537 | -€10,268 | -91.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,270 | -€24,537 | -€10,268 | -72.0% |
| Amounts payable | 17/49 | €26,769 | €46,815 | +€20,046 | +74.9% |
| Amounts payable within one year | 42/48 | €26,769 | €46,815 | +€20,046 | +74.9% |
| Trade debts | 44 | €6,556 | €9,814 | +€3,258 | +49.7% |
| Suppliers | 440/4 | €6,556 | €9,814 | +€3,258 | +49.7% |
| Advances received on contracts in progress | 46 | €1,400 | - | -€1,400 | |
| Taxes, remuneration and social security | 45 | €3,076 | €1,409 | -€1,667 | -54.2% |
| Taxes | 450/3 | €3,076 | €927 | -€2,149 | -69.9% |
| Remuneration and social security | 454/9 | - | €481 | +€481 | |
| Other amounts payable | 47/48 | €15,737 | €35,592 | +€19,855 | +126.2% |
| Turnover | 70 | €49,448 | - | -€49,448 | |
| Goods, raw materials, services and sundry goods | 60/61 | €56,157 | - | -€56,157 | |
| Remuneration, social security and pensions | 62 | €1,641 | €2,673 | +€1,032 | +62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €787 | +€727 | +1210.9% |
| Other operating charges | 640/8 | €5,468 | €550 | -€4,918 | -89.9% |
| Gross operating margin | 9900 | -€6,709 | -€5,761 | +€948 | +14.1% |
| Operating profit (loss) | 9901 | -€13,877 | -€9,770 | +€4,107 | +29.6% |
| Financial income | 75/76B | €1 | €49 | +€48 | +7540.6% |
| Recurring financial income | 75 | €1 | €49 | +€48 | +7540.6% |
| Financial charges | 65/66B | €393 | €546 | +€153 | +39.0% |
| Recurring financial charges | 65 | €393 | €546 | +€153 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,270 | -€10,268 | +€4,002 | +28.0% |
| Profit (loss) for the period | 9904 | -€14,270 | -€10,268 | +€4,002 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,270 | -€10,268 | +€4,002 | +28.0% |
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 1 October 2026 via checked.be.