BRAJER: 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.
BRAJER
Largest movements
- Cash -€181,103
no longer reported in 2025 (was €181,103)
mainly Receivables within one year (-€166,650) and Other debts (-€12,898)
- Receivables within one year +€166,650
up €166,650 (+1110.5%), from €15,007 to €181,656
- Tangible fixed assets -€6,677
down €6,677 (-44.2%), from €15,092 to €8,416
- Other debts -€12,898
no longer reported in 2025 (was €12,898)
- Profit (loss) carried forward -€8,779
new in 2025: -€8,779
- Gross operating margin -€234,076
down €234,076, from €232,974 to -€1,102
- Taxes -€74,053
down €74,053 (-99.4%), from €74,527 to €474
- Financial charges -€13,060
down €13,060 (-96.1%), from €13,586 to €526
- Other operating charges -€4,485
no longer reported in 2025 (was €4,485)
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 | €211,202 | €190,072 | -€21,130 | -10.0% |
| Fixed assets | 21/28 | €15,092 | €8,416 | -€6,677 | -44.2% |
| Tangible fixed assets | 22/27 | €15,092 | €8,416 | -€6,677 | -44.2% |
| Furniture and vehicles | 24 | €15,092 | €8,416 | -€6,677 | -44.2% |
| Current assets | 29/58 | €196,110 | €181,656 | -€14,453 | -7.4% |
| Amounts receivable within one year | 40/41 | €15,007 | €181,656 | +€166,650 | +1110.5% |
| Other amounts receivable | 41 | €15,007 | €181,656 | +€166,650 | +1110.5% |
| Cash at bank and in hand | 54/58 | €181,103 | - | -€181,103 | |
| Total equity and liabilities | 10/49 | €211,202 | €190,072 | -€21,130 | -10.0% |
| Equity | 10/15 | €135,386 | €126,607 | -€8,779 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,786 | €116,786 | = | 0.0% |
| Distributable reserves | 133 | €116,786 | €116,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,779 | -€8,779 | |
| Amounts payable | 17/49 | €75,816 | €63,465 | -€12,351 | -16.3% |
| Amounts payable within one year | 42/48 | €75,816 | €63,465 | -€12,351 | -16.3% |
| Financial debts | 43 | - | €73 | +€73 | |
| Credit institutions | 430/8 | - | €73 | +€73 | |
| Taxes, remuneration and social security | 45 | €62,918 | €63,392 | +€474 | +0.8% |
| Taxes | 450/3 | €62,918 | €63,392 | +€474 | +0.8% |
| Other amounts payable | 47/48 | €12,898 | - | -€12,898 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,677 | €6,677 | = | 0.0% |
| Other operating charges | 640/8 | €4,485 | - | -€4,485 | |
| Gross operating margin | 9900 | €232,974 | -€1,102 | -€234,076 | |
| Operating profit (loss) | 9901 | €221,813 | -€7,779 | -€229,591 | |
| Financial charges | 65/66B | €13,586 | €526 | -€13,060 | -96.1% |
| Recurring financial charges | 65 | €13,586 | €526 | -€13,060 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | €208,227 | -€8,305 | -€216,532 | |
| Income taxes | 67/77 | €74,527 | €474 | -€74,053 | -99.4% |
| Profit (loss) for the period | 9904 | €133,700 | -€8,779 | -€142,479 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,700 | -€8,779 | -€142,479 |
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.