BRAHAM Théo: 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.
BRAHAM Théo
Largest movements
- Tangible fixed assets -€3,203
down €3,203 (-26.1%), from €12,270 to €9,067
- Receivables within one year -€1,334
down €1,334 (-100%), from €1,334 to €0
- Cash -€881
down €881 (-54.0%), from €1,631 to €751
mainly Net result for the year (-€13,021)
- Profit (loss) carried forward -€13,021
down €13,021 (-15.7%), from -€83,015 to -€96,035
- Other debts +€6,809
up €6,809 (+8.6%), from €78,820 to €85,628
- Trade debts +€795
up €795 (+117%), from €680 to €1,475
- Gross operating margin -€2,569
down €2,569 (-47.8%), from -€5,372 to -€7,942
- Other operating charges +€188
up €188 (+12.7%), from €1,479 to €1,667
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 | €15,235 | €9,818 | -€5,417 | -35.6% |
| Fixed assets | 21/28 | €12,270 | €9,067 | -€3,203 | -26.1% |
| Tangible fixed assets | 22/27 | €12,270 | €9,067 | -€3,203 | -26.1% |
| Land and buildings | 22 | €12,270 | €9,067 | -€3,203 | -26.1% |
| Current assets | 29/58 | €2,965 | €751 | -€2,215 | -74.7% |
| Amounts receivable within one year | 40/41 | €1,334 | €0 | -€1,334 | -100% |
| Other amounts receivable | 41 | €1,334 | €0 | -€1,334 | -100% |
| Cash at bank and in hand | 54/58 | €1,631 | €751 | -€881 | -54.0% |
| Total equity and liabilities | 10/49 | €15,235 | €9,818 | -€5,417 | -35.6% |
| Equity | 10/15 | -€64,265 | -€77,285 | -€13,021 | -20.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,015 | -€96,035 | -€13,021 | -15.7% |
| Amounts payable | 17/49 | €79,500 | €87,103 | +€7,603 | +9.6% |
| Amounts payable within one year | 42/48 | €79,500 | €87,103 | +€7,603 | +9.6% |
| Trade debts | 44 | €680 | €1,475 | +€795 | +117% |
| Suppliers | 440/4 | €680 | €1,475 | +€795 | +117% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €78,820 | €85,628 | +€6,809 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,203 | €3,203 | = | 0.0% |
| Other operating charges | 640/8 | €1,479 | €1,667 | +€188 | +12.7% |
| Gross operating margin | 9900 | -€5,372 | -€7,942 | -€2,569 | -47.8% |
| Operating profit (loss) | 9901 | -€10,054 | -€12,812 | -€2,758 | -27.4% |
| Financial charges | 65/66B | €180 | €209 | +€29 | +15.8% |
| Recurring financial charges | 65 | €180 | €209 | +€29 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,235 | -€13,021 | -€2,786 | -27.2% |
| Profit (loss) for the period | 9904 | -€10,235 | -€13,021 | -€2,786 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,235 | -€13,021 | -€2,786 | -27.2% |
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 23 October 2026 via checked.be.