BRAFEN: 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.
BRAFEN
Largest movements
- Cash -€50,636
down €50,636 (-54.3%), from €93,316 to €42,680
mainly Contributions, distributions and other (-€125,000) and Receivables within one year (-€31,858)
- Receivables within one year +€31,858
up €31,858 (+146.0%), from €21,826 to €53,684
of which Trade receivables: +€31,353
- Deferred charges and accrued income +€5,169
up €5,169 (+73.7%), from €7,013 to €12,182
- Tangible fixed assets -€2,219
down €2,219 (-65.2%), from €3,404 to €1,185
of which Furniture and vehicles: -€1,818
- Reserves -€76,000
down €76,000 (-81.7%), from €93,000 to €17,000
- Other debts +€66,939
up €66,939 (+115.3%), from €58,061 to €125,000
- Short-term financial debts -€3,149
down €3,149 (-42.8%), from €7,364 to €4,214
- Profit (loss) carried forward -€2,231
down €2,231 (-84.7%), from €2,635 to €403
- Gross operating margin -€6,701
down €6,701 (-10.3%), from €64,789 to €58,087
- Depreciation -€1,572
down €1,572 (-41.5%), from €3,791 to €2,219
- Taxes -€998
down €998 (-7.4%), from €13,537 to €12,539
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 | €175,559 | €159,730 | -€15,828 | -9.0% |
| Fixed assets | 21/28 | €3,404 | €1,185 | -€2,219 | -65.2% |
| Tangible fixed assets | 22/27 | €3,404 | €1,185 | -€2,219 | -65.2% |
| Plant, machinery and equipment | 23 | €734 | €333 | -€401 | -54.6% |
| Furniture and vehicles | 24 | €2,669 | €851 | -€1,818 | -68.1% |
| Current assets | 29/58 | €172,155 | €158,546 | -€13,609 | -7.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,826 | €53,684 | +€31,858 | +146.0% |
| Trade receivables | 40 | €21,826 | €53,179 | +€31,353 | +143.6% |
| Other amounts receivable | 41 | - | €505 | +€505 | |
| Cash at bank and in hand | 54/58 | €93,316 | €42,680 | -€50,636 | -54.3% |
| Deferred charges and accrued income | 490/1 | €7,013 | €12,182 | +€5,169 | +73.7% |
| Total equity and liabilities | 10/49 | €175,559 | €159,730 | -€15,828 | -9.0% |
| Equity | 10/15 | €98,635 | €20,403 | -€78,231 | -79.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €93,000 | €17,000 | -€76,000 | -81.7% |
| Distributable reserves | 133 | €93,000 | €17,000 | -€76,000 | -81.7% |
| Profit (loss) carried forward | 14 | €2,635 | €403 | -€2,231 | -84.7% |
| Amounts payable | 17/49 | €76,924 | €139,327 | +€62,403 | +81.1% |
| Amounts payable within one year | 42/48 | €76,047 | €139,327 | +€63,280 | +83.2% |
| Financial debts | 43 | €7,364 | €4,214 | -€3,149 | -42.8% |
| Credit institutions | 430/8 | €7,364 | €4,214 | -€3,149 | -42.8% |
| Trade debts | 44 | €2,367 | €770 | -€1,597 | -67.5% |
| Suppliers | 440/4 | €2,367 | €770 | -€1,597 | -67.5% |
| Taxes, remuneration and social security | 45 | €8,256 | €9,343 | +€1,087 | +13.2% |
| Taxes | 450/3 | €8,256 | €9,343 | +€1,087 | +13.2% |
| Other amounts payable | 47/48 | €58,061 | €125,000 | +€66,939 | +115.3% |
| Accrued charges and deferred income | 492/3 | €877 | - | -€877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,791 | €2,219 | -€1,572 | -41.5% |
| Other operating charges | 640/8 | €1,423 | €976 | -€447 | -31.4% |
| Gross operating margin | 9900 | €64,789 | €58,087 | -€6,701 | -10.3% |
| Operating profit (loss) | 9901 | €59,574 | €54,893 | -€4,682 | -7.9% |
| Financial income | 75/76B | €5,000 | €5,000 | = | 0.0% |
| Recurring financial income | 75 | €5,000 | €5,000 | = | 0.0% |
| Financial charges | 65/66B | €928 | €585 | -€343 | -37.0% |
| Recurring financial charges | 65 | €928 | €585 | -€343 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €63,646 | €59,307 | -€4,339 | -6.8% |
| Income taxes | 67/77 | €13,537 | €12,539 | -€998 | -7.4% |
| Profit (loss) for the period | 9904 | €50,109 | €46,769 | -€3,340 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,109 | €46,769 | -€3,340 | -6.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.