BRAGIMA: 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.
BRAGIMA
Largest movements
- Current investments +€727,000
up €727,000 (+107%), from €680,554 to €1.4m
- Receivables within one year -€240,984
down €240,984 (-29.1%), from €828,794 to €587,810
of which Trade receivables: -€253,013
- Cash -€206,694
down €206,694 (-82.7%), from €249,978 to €43,284
mainly Current investments (-€727,000) and Provisions (-€75,000)
- Profit (loss) carried forward +€333,323
up €333,323 (+19.4%), from €1.7m to €2.1m
- Provisions -€75,000
down €75,000 (-100%), from €75,000 to €0
- Gross operating margin -€215,649
down €215,649 (-33.9%), from €635,327 to €419,678
- Taxes -€45,998
down €45,998 (-30.2%), from €152,255 to €106,258
- Financial charges -€19,478
down €19,478 (-98.1%), from €19,850 to €372
- Financial income +€11,281
up €11,281 (+121%), from €9,297 to €20,578
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 | €2,047,503 | €2,326,147 | +€278,644 | +13.6% |
| Fixed assets | 21/28 | €278,880 | €278,880 | = | 0.0% |
| Financial fixed assets | 28 | €278,880 | €278,880 | = | 0.0% |
| Current assets | 29/58 | €1,768,623 | €2,047,267 | +€278,644 | +15.8% |
| Amounts receivable within one year | 40/41 | €828,794 | €587,810 | -€240,984 | -29.1% |
| Trade receivables | 40 | €450,000 | €196,987 | -€253,013 | -56.2% |
| Other amounts receivable | 41 | €378,794 | €390,823 | +€12,029 | +3.2% |
| Current investments | 50/53 | €680,554 | €1,407,554 | +€727,000 | +107% |
| Cash at bank and in hand | 54/58 | €249,978 | €43,284 | -€206,694 | -82.7% |
| Deferred charges and accrued income | 490/1 | €9,297 | €8,619 | -€678 | -7.3% |
| Total equity and liabilities | 10/49 | €2,047,503 | €2,326,147 | +€278,644 | +13.6% |
| Equity | 10/15 | €1,956,999 | €2,290,322 | +€333,323 | +17.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Uncalled capital | 101 | €0 | - | = | |
| Contributions outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Other | 1109/19 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €175,790 | €175,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Distributable reserves | 133 | €175,790 | €175,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,719,709 | €2,053,032 | +€333,323 | +19.4% |
| Provisions and deferred taxes | 16 | €75,000 | €0 | -€75,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €75,000 | €0 | -€75,000 | -100% |
| Other liabilities and charges | 164/5 | €75,000 | €0 | -€75,000 | -100% |
| Amounts payable | 17/49 | €15,504 | €35,825 | +€20,321 | +131% |
| Amounts payable within one year | 42/48 | €15,504 | €35,365 | +€19,861 | +128% |
| Trade debts | 44 | €10,993 | €11,592 | +€599 | +5.4% |
| Suppliers | 440/4 | €10,993 | €11,592 | +€599 | +5.4% |
| Taxes, remuneration and social security | 45 | €4,511 | €23,773 | +€19,262 | +427% |
| Taxes | 450/3 | €4,511 | €23,773 | +€19,262 | +427% |
| Accrued charges and deferred income | 492/3 | €0 | €460 | +€460 | |
| Non-recurring operating income | 76A | €0 | €75,000 | +€75,000 | |
| Other operating charges | 640/8 | €1,947 | €304 | -€1,643 | -84.4% |
| Gross operating margin | 9900 | €635,327 | €419,678 | -€215,649 | -33.9% |
| Operating profit (loss) | 9901 | €633,380 | €419,374 | -€214,006 | -33.8% |
| Financial income | 75/76B | €9,297 | €20,578 | +€11,281 | +121% |
| Recurring financial income | 75 | €9,297 | €20,578 | +€11,281 | +121% |
| Financial charges | 65/66B | €19,850 | €372 | -€19,478 | -98.1% |
| Recurring financial charges | 65 | €19,850 | €372 | -€19,478 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | €622,827 | €439,580 | -€183,246 | -29.4% |
| Income taxes | 67/77 | €152,255 | €106,258 | -€45,998 | -30.2% |
| Profit (loss) for the period | 9904 | €470,571 | €333,323 | -€137,249 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €470,571 | €333,323 | -€137,249 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.