BRAHY CONSEIL: 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.
BRAHY CONSEIL
Largest movements
- Receivables within one year -€17,154
down €17,154 (-36.3%), from €47,316 to €30,162
of which Other amounts receivable: -€20,000
- Tangible fixed assets -€9,936
down €9,936 (-2.1%), from €463,236 to €453,300
of which Land and buildings: -€17,850
- Profit (loss) carried forward +€17,968
new in 2025: €17,968
- Debts after one year -€17,740
down €17,740 (-5.7%), from €312,884 to €295,143
- Trade debts -€10,741
down €10,741 (-59.7%), from €17,992 to €7,251
- Financial income -€99,898
down €99,898 (-99.9%), from €100,000 to €102
- Depreciation -€36,888
down €36,888 (-60.2%), from €61,304 to €24,416
- Gross operating margin +€32,290
up €32,290 (+102%), from €31,792 to €64,082
- Financial charges +€5,069
up €5,069 (+41.2%), from €12,307 to €17,376
- Taxes -€4,246
no longer reported in 2025 (was €4,246)
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 | €819,772 | €790,906 | -€28,866 | -3.5% |
| Fixed assets | 21/28 | €723,441 | €713,505 | -€9,936 | -1.4% |
| Tangible fixed assets | 22/27 | €463,236 | €453,300 | -€9,936 | -2.1% |
| Land and buildings | 22 | €410,880 | €393,030 | -€17,850 | -4.3% |
| Plant, machinery and equipment | 23 | €52,356 | €60,270 | +€7,914 | +15.1% |
| Financial fixed assets | 28 | €260,205 | €260,205 | = | 0.0% |
| Current assets | 29/58 | €96,331 | €77,401 | -€18,930 | -19.7% |
| Amounts receivable within one year | 40/41 | €47,316 | €30,162 | -€17,154 | -36.3% |
| Trade receivables | 40 | €27,316 | €30,162 | +€2,846 | +10.4% |
| Other amounts receivable | 41 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €47,022 | €45,177 | -€1,845 | -3.9% |
| Deferred charges and accrued income | 490/1 | €1,993 | €2,062 | +€69 | +3.5% |
| Total equity and liabilities | 10/49 | €819,772 | €790,906 | -€28,866 | -3.5% |
| Equity | 10/15 | €266,100 | €284,068 | +€17,968 | +6.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €216,100 | €216,100 | = | 0.0% |
| Distributable reserves | 133 | €216,100 | €216,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €17,968 | +€17,968 | |
| Amounts payable | 17/49 | €553,672 | €506,838 | -€46,834 | -8.5% |
| Amounts payable after more than one year | 17 | €312,884 | €295,143 | -€17,740 | -5.7% |
| Financial debts | 170/4 | €312,884 | €295,143 | -€17,740 | -5.7% |
| Amounts payable within one year | 42/48 | €240,789 | €211,695 | -€29,094 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €22,551 | €17,740 | -€4,811 | -21.3% |
| Trade debts | 44 | €17,992 | €7,251 | -€10,741 | -59.7% |
| Suppliers | 440/4 | €17,992 | €7,251 | -€10,741 | -59.7% |
| Taxes, remuneration and social security | 45 | €11,513 | €5,460 | -€6,054 | -52.6% |
| Taxes | 450/3 | €11,513 | €5,460 | -€6,054 | -52.6% |
| Other amounts payable | 47/48 | €188,732 | €181,243 | -€7,489 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,304 | €24,416 | -€36,888 | -60.2% |
| Other operating charges | 640/8 | €2,534 | €4,424 | +€1,890 | +74.6% |
| Non-recurring operating charges | 66A | €8,939 | - | -€8,939 | |
| Gross operating margin | 9900 | €31,792 | €64,082 | +€32,290 | +102% |
| Operating profit (loss) | 9901 | -€40,984 | €35,241 | +€76,226 | |
| Financial income | 75/76B | €100,000 | €102 | -€99,898 | -99.9% |
| Recurring financial income | 75 | €100,000 | €102 | -€99,898 | -99.9% |
| Financial charges | 65/66B | €12,307 | €17,376 | +€5,069 | +41.2% |
| Recurring financial charges | 65 | €12,307 | €17,376 | +€5,069 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €46,709 | €17,968 | -€28,741 | -61.5% |
| Income taxes | 67/77 | €4,246 | - | -€4,246 | |
| Profit (loss) for the period | 9904 | €42,462 | €17,968 | -€24,495 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,462 | €17,968 | -€24,495 | -57.7% |
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 19 October 2026 via checked.be.