BraJo: 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.
BraJo
Largest movements
- Receivables within one year +€42,422
up €42,422 (+81.2%), from €52,218 to €94,640
of which Trade receivables: +€47,639
- Deferred charges and accrued income -€23,438
no longer reported in 2025 (was €23,438)
- Tangible fixed assets +€12,422
up €12,422 (+395.0%), from €3,145 to €15,566
of which Leasing and similar rights: +€15,566
- Stocks and contracts -€7,000
no longer reported in 2025 (was €7,000)
- Cash +€4,030
up €4,030 (+711.7%), from €566 to €4,596
mainly Debts after one year (+€23,941) and Deferred charges and accrued income (+€23,438)
- Debts after one year +€23,941
new in 2025: €23,941
- Other debts +€21,839
new in 2025: €21,839
- Advances received -€19,769
no longer reported in 2025 (was €19,769)
- Trade debts +€8,145
up €8,145 (+168.5%), from €4,833 to €12,978
- Current portion of long-term debt +€5,536
new in 2025: €5,536
- Gross operating margin -€9,154
down €9,154 (-96.3%), from €9,503 to €349
- Financial charges +€3,184
up €3,184 (+981.5%), from €324 to €3,508
- Financial income +€3,141
new in 2025: €3,141
- Depreciation +€1,404
up €1,404 (+763.2%), from €184 to €1,588
- Other operating charges +€684
up €684 (+36.2%), from €1,887 to €2,571
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 | €86,366 | €114,803 | +€28,437 | +32.9% |
| Fixed assets | 21/28 | €3,145 | €15,566 | +€12,422 | +395.0% |
| Tangible fixed assets | 22/27 | €3,145 | €15,566 | +€12,422 | +395.0% |
| Plant, machinery and equipment | 23 | €1,828 | - | -€1,828 | |
| Furniture and vehicles | 24 | €1,316 | - | -€1,316 | |
| Leasing and similar rights | 25 | - | €15,566 | +€15,566 | |
| Current assets | 29/58 | €83,222 | €99,237 | +€16,015 | +19.2% |
| Stocks and contracts in progress | 3 | €7,000 | - | -€7,000 | |
| Stocks | 30/36 | €7,000 | - | -€7,000 | |
| Amounts receivable within one year | 40/41 | €52,218 | €94,640 | +€42,422 | +81.2% |
| Trade receivables | 40 | - | €47,639 | +€47,639 | |
| Other amounts receivable | 41 | €52,218 | €47,001 | -€5,217 | -10.0% |
| Cash at bank and in hand | 54/58 | €566 | €4,596 | +€4,030 | +711.7% |
| Deferred charges and accrued income | 490/1 | €23,438 | - | -€23,438 | |
| Total equity and liabilities | 10/49 | €86,366 | €114,803 | +€28,437 | +32.9% |
| Equity | 10/15 | €51,426 | €47,073 | -€4,353 | -8.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,500 | €26,500 | = | 0.0% |
| Distributable reserves | 133 | €26,500 | €26,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,926 | €15,573 | -€4,353 | -21.8% |
| Amounts payable | 17/49 | €34,940 | €67,730 | +€32,790 | +93.8% |
| Amounts payable after more than one year | 17 | - | €23,941 | +€23,941 | |
| Financial debts | 170/4 | - | €23,941 | +€23,941 | |
| Amounts payable within one year | 42/48 | €34,940 | €43,789 | +€8,849 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,536 | +€5,536 | |
| Financial debts | 43 | €1,674 | - | -€1,674 | |
| Credit institutions | 430/8 | €1,674 | - | -€1,674 | |
| Trade debts | 44 | €4,833 | €12,978 | +€8,145 | +168.5% |
| Suppliers | 440/4 | €4,833 | €12,978 | +€8,145 | +168.5% |
| Advances received on contracts in progress | 46 | €19,769 | - | -€19,769 | |
| Taxes, remuneration and social security | 45 | €8,664 | €3,436 | -€5,228 | -60.3% |
| Taxes | 450/3 | €5,606 | €3,436 | -€2,170 | -38.7% |
| Remuneration and social security | 454/9 | €3,059 | - | -€3,059 | |
| Other amounts payable | 47/48 | - | €21,839 | +€21,839 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184 | €1,588 | +€1,404 | +763.2% |
| Other operating charges | 640/8 | €1,887 | €2,571 | +€684 | +36.2% |
| Non-recurring operating charges | 66A | €7,801 | - | -€7,801 | |
| Gross operating margin | 9900 | €9,503 | €349 | -€9,154 | -96.3% |
| Operating profit (loss) | 9901 | -€370 | -€3,810 | -€3,440 | -929.5% |
| Financial income | 75/76B | - | €3,141 | +€3,141 | |
| Recurring financial income | 75 | - | €3,141 | +€3,141 | |
| Financial charges | 65/66B | €324 | €3,508 | +€3,184 | +981.5% |
| Recurring financial charges | 65 | €324 | €3,508 | +€3,184 | +981.5% |
| Profit (loss) for the period before taxes | 9903 | -€694 | -€4,177 | -€3,483 | -501.5% |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | -€694 | -€4,353 | -€3,659 | -526.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€694 | -€4,353 | -€3,659 | -526.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.