BRAFIMO: 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.
BRAFIMO
Largest movements
- Current investments +€10,950
up €10,950 (+11.0%), from €99,900 to €110,850
- Cash -€6,823
down €6,823 (-8.0%), from €85,227 to €78,404
mainly Current investments (-€10,950) and Other debts (-€5,534)
- Receivables within one year -€4,149
down €4,149 (-57.8%), from €7,173 to €3,024
of which Other amounts receivable: -€3,247
- Other debts -€5,534
down €5,534 (-12.7%), from €43,502 to €37,968
- Profit (loss) carried forward +€3,183
up €3,183 (+6.6%), from €48,389 to €51,572
- Gross operating margin -€7,183
down €7,183 (-82.3%), from €8,730 to €1,547
- Financial income +€4,522
up €4,522 (+187.1%), from €2,417 to €6,939
- Taxes +€866
up €866 (+39.6%), from €2,185 to €3,051
- Other operating charges -€218
down €218 (-15.8%), from €1,379 to €1,161
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 | €193,994 | €193,081 | -€913 | -0.5% |
| Fixed assets | 21/28 | €1,694 | €803 | -€891 | -52.6% |
| Tangible fixed assets | 22/27 | €1,694 | €803 | -€891 | -52.6% |
| Furniture and vehicles | 24 | €1,694 | €803 | -€891 | -52.6% |
| Current assets | 29/58 | €192,300 | €192,278 | -€22 | 0.0% |
| Amounts receivable within one year | 40/41 | €7,173 | €3,024 | -€4,149 | -57.8% |
| Trade receivables | 40 | €1,797 | €895 | -€901 | -50.2% |
| Other amounts receivable | 41 | €5,376 | €2,128 | -€3,247 | -60.4% |
| Current investments | 50/53 | €99,900 | €110,850 | +€10,950 | +11.0% |
| Cash at bank and in hand | 54/58 | €85,227 | €78,404 | -€6,823 | -8.0% |
| Total equity and liabilities | 10/49 | €193,994 | €193,081 | -€913 | -0.5% |
| Equity | 10/15 | €148,925 | €152,107 | +€3,183 | +2.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €536 | €536 | = | 0.0% |
| Distributable reserves | 133 | €536 | €536 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,389 | €51,572 | +€3,183 | +6.6% |
| Amounts payable | 17/49 | €45,070 | €40,974 | -€4,096 | -9.1% |
| Amounts payable within one year | 42/48 | €45,070 | €40,974 | -€4,096 | -9.1% |
| Trade debts | 44 | €747 | €780 | +€33 | +4.4% |
| Suppliers | 440/4 | €747 | €780 | +€33 | +4.4% |
| Taxes, remuneration and social security | 45 | €821 | €2,226 | +€1,405 | +171.2% |
| Taxes | 450/3 | €821 | €2,226 | +€1,405 | +171.2% |
| Other amounts payable | 47/48 | €43,502 | €37,968 | -€5,534 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891 | €891 | = | 0.0% |
| Other operating charges | 640/8 | €1,379 | €1,161 | -€218 | -15.8% |
| Gross operating margin | 9900 | €8,730 | €1,547 | -€7,183 | -82.3% |
| Operating profit (loss) | 9901 | €6,460 | -€505 | -€6,965 | |
| Financial income | 75/76B | €2,417 | €6,939 | +€4,522 | +187.1% |
| Recurring financial income | 75 | €2,417 | €6,939 | +€4,522 | +187.1% |
| Financial charges | 65/66B | €138 | €200 | +€62 | +44.9% |
| Recurring financial charges | 65 | €138 | €200 | +€62 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €8,739 | €6,234 | -€2,505 | -28.7% |
| Income taxes | 67/77 | €2,185 | €3,051 | +€866 | +39.6% |
| Profit (loss) for the period | 9904 | €6,554 | €3,183 | -€3,371 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,554 | €3,183 | -€3,371 | -51.4% |
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 5 October 2026 via checked.be.