Braja: 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.
Braja
Largest movements
- Tangible fixed assets +€92,833
up €92,833 (+203.8%), from €45,547 to €138,381
of which Furniture and vehicles: +€60,117
- Receivables within one year -€12,422
down €12,422 (-100.0%), from €12,422 to €0
of which Trade receivables: -€12,339
- Cash -€2,471
down €2,471 (-6.8%), from €36,452 to €33,981
mainly Investment in fixed assets (net) (-€107,119) and Tax, wage and social debts (-€6,072)
- Other debts +€58,782
up €58,782 (+878.1%), from €6,694 to €65,476
- Reserves +€27,603
up €27,603 (+72.0%), from €38,323 to €65,926
- Tax, wage and social debts -€6,072
down €6,072 (-30.1%), from €20,153 to €14,081
of which Taxes: -€6,072
- Debts after one year -€4,887
down €4,887 (-28.3%), from €17,293 to €12,406
- Trade debts +€2,375
up €2,375 (+107.5%), from €2,210 to €4,585
- Other operating charges +€7,577
up €7,577 (+1302.3%), from €582 to €8,159
- Gross operating margin +€7,200
up €7,200 (+14.1%), from €51,082 to €58,283
- Depreciation +€6,821
up €6,821 (+91.4%), from €7,465 to €14,286
- Taxes -€1,273
down €1,273 (-14.4%), from €8,859 to €7,586
- Financial charges -€863
down €863 (-57.1%), from €1,512 to €649
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 | €94,422 | €172,362 | +€77,940 | +82.5% |
| Fixed assets | 21/28 | €45,547 | €138,381 | +€92,833 | +203.8% |
| Tangible fixed assets | 22/27 | €45,547 | €138,381 | +€92,833 | +203.8% |
| Land and buildings | 22 | €26,547 | €58,384 | +€31,838 | +119.9% |
| Plant, machinery and equipment | 23 | €5,985 | €6,864 | +€878 | +14.7% |
| Furniture and vehicles | 24 | €13,015 | €73,132 | +€60,117 | +461.9% |
| Current assets | 29/58 | €48,874 | €33,981 | -€14,893 | -30.5% |
| Amounts receivable within one year | 40/41 | €12,422 | €0 | -€12,422 | -100.0% |
| Trade receivables | 40 | €12,339 | €0 | -€12,339 | -100.0% |
| Other amounts receivable | 41 | €83 | €0 | -€83 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,452 | €33,981 | -€2,471 | -6.8% |
| Total equity and liabilities | 10/49 | €94,422 | €172,362 | +€77,940 | +82.5% |
| Equity | 10/15 | €43,323 | €70,926 | +€27,603 | +63.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,323 | €65,926 | +€27,603 | +72.0% |
| Distributable reserves | 133 | €38,323 | €65,926 | +€27,603 | +72.0% |
| Amounts payable | 17/49 | €51,098 | €101,435 | +€50,337 | +98.5% |
| Amounts payable after more than one year | 17 | €17,293 | €12,406 | -€4,887 | -28.3% |
| Financial debts | 170/4 | €17,293 | €12,406 | -€4,887 | -28.3% |
| Amounts payable within one year | 42/48 | €33,805 | €89,029 | +€55,224 | +163.4% |
| Current portion of amounts payable after more than one year | 42 | €4,749 | €4,887 | +€138 | +2.9% |
| Trade debts | 44 | €2,210 | €4,585 | +€2,375 | +107.5% |
| Suppliers | 440/4 | €2,210 | €4,585 | +€2,375 | +107.5% |
| Taxes, remuneration and social security | 45 | €20,153 | €14,081 | -€6,072 | -30.1% |
| Taxes | 450/3 | €17,703 | €11,631 | -€6,072 | -34.3% |
| Remuneration and social security | 454/9 | €2,450 | €2,450 | = | 0.0% |
| Other amounts payable | 47/48 | €6,694 | €65,476 | +€58,782 | +878.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €4,920 | +€4,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,465 | €14,286 | +€6,821 | +91.4% |
| Other operating charges | 640/8 | €582 | €8,159 | +€7,577 | +1302.3% |
| Gross operating margin | 9900 | €51,082 | €58,283 | +€7,200 | +14.1% |
| Operating profit (loss) | 9901 | €43,036 | €35,838 | -€7,198 | -16.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,512 | €649 | -€863 | -57.1% |
| Recurring financial charges | 65 | €1,512 | €649 | -€863 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €41,524 | €35,189 | -€6,334 | -15.3% |
| Income taxes | 67/77 | €8,859 | €7,586 | -€1,273 | -14.4% |
| Profit (loss) for the period | 9904 | €32,664 | €27,603 | -€5,061 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,664 | €27,603 | -€5,061 | -15.5% |
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 10 October 2026 via checked.be.