BRAL PROJECTS: 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.
BRAL PROJECTS
Largest movements
- Tangible fixed assets +€295,517
up €295,517 (+126%), from €233,977 to €529,494
of which Land and buildings: +€300,174
- Receivables within one year -€12,234
down €12,234 (-9.1%), from €134,449 to €122,215
of which Trade receivables: -€17,506
- Debts after one year +€264,962
up €264,962 (+498%), from €53,199 to €318,161
- Current portion of long-term debt +€16,742
up €16,742 (+96.5%), from €17,356 to €34,099
- Tax, wage and social debts -€11,324
down €11,324 (-84.0%), from €13,476 to €2,152
- Advances received +€9,293
new in 2024: €9,293
- Depreciation +€39,941
up €39,941 (+223%), from €17,928 to €57,869
- Gross operating margin +€20,877
up €20,877 (+47.8%), from €43,655 to €64,531
- Taxes -€4,838
down €4,838 (-61.7%), from €7,839 to €3,001
- Financial income +€1,383
up €1,383 (+45.1%), from €3,065 to €4,448
- Other operating charges +€989
up €989 (+41.3%), from €2,392 to €3,381
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,587 | €718,909 | +€277,322 | +62.8% |
| Fixed assets | 21/28 | €234,007 | €529,524 | +€295,517 | +126% |
| Tangible fixed assets | 22/27 | €233,977 | €529,494 | +€295,517 | +126% |
| Land and buildings | 22 | €168,123 | €468,297 | +€300,174 | +179% |
| Plant, machinery and equipment | 23 | €1,974 | €3,372 | +€1,398 | +70.9% |
| Furniture and vehicles | 24 | €8,323 | €4,373 | -€3,950 | -47.5% |
| Other tangible fixed assets | 26 | €55,557 | €53,451 | -€2,106 | -3.8% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €207,580 | €189,385 | -€18,195 | -8.8% |
| Amounts receivable within one year | 40/41 | €134,449 | €122,215 | -€12,234 | -9.1% |
| Trade receivables | 40 | €30,433 | €12,927 | -€17,506 | -57.5% |
| Other amounts receivable | 41 | €104,016 | €109,288 | +€5,272 | +5.1% |
| Cash at bank and in hand | 54/58 | €72,328 | €67,170 | -€5,158 | -7.1% |
| Deferred charges and accrued income | 490/1 | €803 | - | -€803 | |
| Total equity and liabilities | 10/49 | €441,587 | €718,909 | +€277,322 | +62.8% |
| Equity | 10/15 | €345,987 | €348,256 | +€2,270 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €339,787 | €342,056 | +€2,270 | +0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €337,927 | €340,196 | +€2,270 | +0.7% |
| Amounts payable | 17/49 | €95,601 | €370,653 | +€275,052 | +288% |
| Amounts payable after more than one year | 17 | €53,199 | €318,161 | +€264,962 | +498% |
| Financial debts | 170/4 | €53,199 | €318,161 | +€264,962 | +498% |
| Amounts payable within one year | 42/48 | €42,402 | €52,492 | +€10,090 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €17,356 | €34,099 | +€16,742 | +96.5% |
| Trade debts | 44 | €11,569 | €6,949 | -€4,621 | -39.9% |
| Suppliers | 440/4 | €11,569 | €6,949 | -€4,621 | -39.9% |
| Advances received on contracts in progress | 46 | - | €9,293 | +€9,293 | |
| Taxes, remuneration and social security | 45 | €13,476 | €2,152 | -€11,324 | -84.0% |
| Taxes | 450/3 | €13,476 | €2,152 | -€11,324 | -84.0% |
| Non-recurring operating income | 76A | - | €12,601 | +€12,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,928 | €57,869 | +€39,941 | +223% |
| Other operating charges | 640/8 | €2,392 | €3,381 | +€989 | +41.3% |
| Gross operating margin | 9900 | €43,655 | €64,531 | +€20,877 | +47.8% |
| Operating profit (loss) | 9901 | €23,334 | €3,281 | -€20,053 | -85.9% |
| Financial income | 75/76B | €3,065 | €4,448 | +€1,383 | +45.1% |
| Recurring financial income | 75 | €3,065 | €4,448 | +€1,383 | +45.1% |
| Financial charges | 65/66B | €1,558 | €2,458 | +€900 | +57.8% |
| Recurring financial charges | 65 | €1,558 | €2,458 | +€900 | +57.8% |
| Profit (loss) for the period before taxes | 9903 | €24,841 | €5,271 | -€19,571 | -78.8% |
| Income taxes | 67/77 | €7,839 | €3,001 | -€4,838 | -61.7% |
| Profit (loss) for the period | 9904 | €17,003 | €2,270 | -€14,733 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,003 | €2,270 | -€14,733 | -86.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.