Bragu: 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.
Bragu
Largest movements
- Cash +€72,002
up €72,002 (+171%), from €42,131 to €114,132
mainly Net result for the year (+€80,191) and Depreciation (+€6,525)
- Receivables within one year +€8,840
up €8,840 (+65.2%), from €13,566 to €22,406
of which Other amounts receivable: +€6,384
- Tangible fixed assets -€6,525
down €6,525 (-20.0%), from €32,614 to €26,089
of which Furniture and vehicles: -€6,446
- Profit (loss) carried forward +€80,191
up €80,191 (+186%), from €43,204 to €123,396
- Debts after one year -€5,252
down €5,252 (-23.7%), from €22,140 to €16,889
- Tax, wage and social debts -€4,256
down €4,256 (-27.5%), from €15,506 to €11,249
- Other debts +€3,079
up €3,079 (+140%), from €2,202 to €5,281
- Gross operating margin +€53,237
up €53,237 (+94.9%), from €56,127 to €109,363
- Taxes +€9,720
up €9,720 (+89.3%), from €10,882 to €20,602
- Depreciation +€4,490
up €4,490 (+221%), from €2,035 to €6,525
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 | €89,529 | €163,864 | +€74,334 | +83.0% |
| Fixed assets | 21/28 | €32,614 | €26,089 | -€6,525 | -20.0% |
| Tangible fixed assets | 22/27 | €32,614 | €26,089 | -€6,525 | -20.0% |
| Land and buildings | 22 | €2,984 | €2,905 | -€80 | -2.7% |
| Furniture and vehicles | 24 | €29,629 | €23,184 | -€6,446 | -21.8% |
| Current assets | 29/58 | €56,916 | €137,775 | +€80,859 | +142% |
| Amounts receivable within one year | 40/41 | €13,566 | €22,406 | +€8,840 | +65.2% |
| Trade receivables | 40 | €13,552 | €16,008 | +€2,456 | +18.1% |
| Other amounts receivable | 41 | €14 | €6,398 | +€6,384 | +45,082% |
| Cash at bank and in hand | 54/58 | €42,131 | €114,132 | +€72,002 | +171% |
| Deferred charges and accrued income | 490/1 | €1,219 | €1,237 | +€18 | +1.4% |
| Total equity and liabilities | 10/49 | €89,529 | €163,864 | +€74,334 | +83.0% |
| Equity | 10/15 | €44,204 | €124,396 | +€80,191 | +181% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,204 | €123,396 | +€80,191 | +186% |
| Amounts payable | 17/49 | €45,325 | €39,468 | -€5,857 | -12.9% |
| Amounts payable after more than one year | 17 | €22,140 | €16,889 | -€5,252 | -23.7% |
| Financial debts | 170/4 | €22,140 | €16,889 | -€5,252 | -23.7% |
| Amounts payable within one year | 42/48 | €23,185 | €22,579 | -€605 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €5,074 | €5,252 | +€178 | +3.5% |
| Trade debts | 44 | €404 | €797 | +€394 | +97.5% |
| Suppliers | 440/4 | €404 | €797 | +€394 | +97.5% |
| Taxes, remuneration and social security | 45 | €15,506 | €11,249 | -€4,256 | -27.5% |
| Taxes | 450/3 | €15,506 | €11,249 | -€4,256 | -27.5% |
| Other amounts payable | 47/48 | €2,202 | €5,281 | +€3,079 | +140% |
| Non-recurring operating income | 76A | €18 | €0 | -€18 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,035 | €6,525 | +€4,490 | +221% |
| Other operating charges | 640/8 | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €56,127 | €109,363 | +€53,237 | +94.9% |
| Operating profit (loss) | 9901 | €54,091 | €101,838 | +€47,747 | +88.3% |
| Financial charges | 65/66B | €5 | €1,045 | +€1,040 | +20,753% |
| Recurring financial charges | 65 | €5 | €1,045 | +€1,040 | +20,753% |
| Profit (loss) for the period before taxes | 9903 | €54,086 | €100,794 | +€46,707 | +86.4% |
| Income taxes | 67/77 | €10,882 | €20,602 | +€9,720 | +89.3% |
| Profit (loss) for the period | 9904 | €43,204 | €80,191 | +€36,987 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,204 | €80,191 | +€36,987 | +85.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.