BRAGIMMO: 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.
BRAGIMMO
Largest movements
- Cash +€33,022
up €33,022 (+99.4%), from €33,236 to €66,258
mainly Net result for the year (+€23,300) and Receivables within one year (+€22,469)
- Receivables within one year -€22,469
down €22,469 (-56.4%), from €39,870 to €17,402
of which Trade receivables: -€21,598
- Stocks and contracts +€3,690
up €3,690 (+298.6%), from €1,236 to €4,925
- Intangible fixed assets -€3,000
down €3,000 (-31.6%), from €9,485 to €6,485
- Tangible fixed assets -€2,071
down €2,071 (-4.7%), from €43,923 to €41,853
of which Furniture and vehicles: -€8,423
- Reserves +€23,250
up €23,250 (+402.5%), from €5,777 to €29,027
- Trade debts -€12,579
down €12,579 (-25.9%), from €48,585 to €36,006
- Other debts -€5,217
down €5,217 (-10.9%), from €47,721 to €42,504
- Tax, wage and social debts +€3,736
up €3,736 (+18.9%), from €19,750 to €23,486
of which Taxes: +€5,583
- Gross operating margin +€45,077
up €45,077 (+62.3%), from €72,412 to €117,489
- Staff costs +€20,333
up €20,333 (+43.3%), from €46,964 to €67,297
- Taxes +€7,512
up €7,512 (+178.3%), from €4,213 to €11,725
- Depreciation +€2,548
up €2,548 (+25.0%), from €10,190 to €12,738
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 | €128,032 | €137,272 | +€9,240 | +7.2% |
| Fixed assets | 21/28 | €53,408 | €48,338 | -€5,071 | -9.5% |
| Intangible fixed assets | 21 | €9,485 | €6,485 | -€3,000 | -31.6% |
| Tangible fixed assets | 22/27 | €43,923 | €41,853 | -€2,071 | -4.7% |
| Plant, machinery and equipment | 23 | €6,238 | €15,815 | +€9,577 | +153.5% |
| Furniture and vehicles | 24 | €11,121 | €2,698 | -€8,423 | -75.7% |
| Other tangible fixed assets | 26 | €26,564 | €23,340 | -€3,225 | -12.1% |
| Current assets | 29/58 | €74,624 | €88,935 | +€14,311 | +19.2% |
| Stocks and contracts in progress | 3 | €1,236 | €4,925 | +€3,690 | +298.6% |
| Stocks | 30/36 | €1,236 | €4,925 | +€3,690 | +298.6% |
| Amounts receivable within one year | 40/41 | €39,870 | €17,402 | -€22,469 | -56.4% |
| Trade receivables | 40 | €38,999 | €17,402 | -€21,598 | -55.4% |
| Other amounts receivable | 41 | €871 | - | -€871 | |
| Cash at bank and in hand | 54/58 | €33,236 | €66,258 | +€33,022 | +99.4% |
| Deferred charges and accrued income | 490/1 | €282 | €350 | +€68 | +24.0% |
| Total equity and liabilities | 10/49 | €128,032 | €137,272 | +€9,240 | +7.2% |
| Equity | 10/15 | €11,977 | €35,277 | +€23,300 | +194.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €5,777 | €29,027 | +€23,250 | +402.5% |
| Distributable reserves | 133 | €5,777 | €29,027 | +€23,250 | +402.5% |
| Profit (loss) carried forward | 14 | - | €50 | +€50 | |
| Amounts payable | 17/49 | €116,056 | €101,995 | -€14,060 | -12.1% |
| Amounts payable within one year | 42/48 | €116,056 | €101,995 | -€14,060 | -12.1% |
| Trade debts | 44 | €48,585 | €36,006 | -€12,579 | -25.9% |
| Suppliers | 440/4 | €48,585 | €36,006 | -€12,579 | -25.9% |
| Taxes, remuneration and social security | 45 | €19,750 | €23,486 | +€3,736 | +18.9% |
| Taxes | 450/3 | €10,249 | €15,832 | +€5,583 | +54.5% |
| Remuneration and social security | 454/9 | €9,500 | €7,654 | -€1,847 | -19.4% |
| Other amounts payable | 47/48 | €47,721 | €42,504 | -€5,217 | -10.9% |
| Remuneration, social security and pensions | 62 | €46,964 | €67,297 | +€20,333 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,190 | €12,738 | +€2,548 | +25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50 | - | -€50 | |
| Other operating charges | 640/8 | €497 | €791 | +€295 | +59.4% |
| Gross operating margin | 9900 | €72,412 | €117,489 | +€45,077 | +62.3% |
| Operating profit (loss) | 9901 | €14,712 | €36,663 | +€21,951 | +149.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,159 | €1,638 | +€479 | +41.4% |
| Recurring financial charges | 65 | €1,159 | €1,638 | +€479 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €13,553 | €35,025 | +€21,472 | +158.4% |
| Income taxes | 67/77 | €4,213 | €11,725 | +€7,512 | +178.3% |
| Profit (loss) for the period | 9904 | €9,340 | €23,300 | +€13,960 | +149.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,340 | €23,300 | +€13,960 | +149.5% |
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 8 October 2026 via checked.be.