BRAM AERTS IR.ARCHITECT: 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.
BRAM AERTS IR.ARCHITECT
Largest movements
- Tangible fixed assets +€291,517
up €291,517 (+457%), from €63,802 to €355,318
of which Land and buildings: +€311,850
- Receivables within one year -€124,509
down €124,509 (-87.6%), from €142,081 to €17,572
- Cash +€76,003
up €76,003 (+74.5%), from €102,060 to €178,063
mainly Debts after one year (+€221,205) and Receivables within one year (+€124,509)
- Receivables after one year -€16,774
down €16,774 (-4.7%), from €358,216 to €341,442
- Debts after one year +€221,205
up €221,205 (+1,077%), from €20,540 to €241,745
- Tax, wage and social debts -€30,173
down €30,173 (-49.5%), from €60,906 to €30,733
- Reserves +€15,871
up €15,871 (+2.0%), from €811,092 to €826,964
- Current portion of long-term debt +€14,280
up €14,280 (+174%), from €8,206 to €22,487
- Gross operating margin -€312,148
down €312,148 (-57.1%), from €546,781 to €234,633
- Taxes -€118,626
down €118,626 (-67.7%), from €175,238 to €56,612
- Depreciation +€37,279
up €37,279 (+180%), from €20,759 to €58,037
- Financial income -€15,841
down €15,841 (-61.4%), from €25,804 to €9,963
- Financial charges +€7,271
up €7,271 (+235%), from €3,093 to €10,364
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 | €933,433 | €1,160,237 | +€226,804 | +24.3% |
| Fixed assets | 21/28 | €329,463 | €620,980 | +€291,517 | +88.5% |
| Tangible fixed assets | 22/27 | €63,802 | €355,318 | +€291,517 | +457% |
| Land and buildings | 22 | - | €311,850 | +€311,850 | |
| Plant, machinery and equipment | 23 | €5,439 | €4,207 | -€1,233 | -22.7% |
| Furniture and vehicles | 24 | €41,740 | €28,663 | -€13,077 | -31.3% |
| Other tangible fixed assets | 26 | €16,622 | €10,599 | -€6,023 | -36.2% |
| Financial fixed assets | 28 | €265,662 | €265,662 | = | 0.0% |
| Current assets | 29/58 | €603,969 | €539,257 | -€64,713 | -10.7% |
| Amounts receivable after more than one year | 29 | €358,216 | €341,442 | -€16,774 | -4.7% |
| Other amounts receivable | 291 | €358,216 | €341,442 | -€16,774 | -4.7% |
| Amounts receivable within one year | 40/41 | €142,081 | €17,572 | -€124,509 | -87.6% |
| Other amounts receivable | 41 | €142,081 | €17,572 | -€124,509 | -87.6% |
| Cash at bank and in hand | 54/58 | €102,060 | €178,063 | +€76,003 | +74.5% |
| Deferred charges and accrued income | 490/1 | €1,612 | €2,180 | +€568 | +35.3% |
| Total equity and liabilities | 10/49 | €933,433 | €1,160,237 | +€226,804 | +24.3% |
| Equity | 10/15 | €835,335 | €851,207 | +€15,871 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €811,092 | €826,964 | +€15,871 | +2.0% |
| Distributable reserves | 133 | €811,092 | €826,964 | +€15,871 | +2.0% |
| Profit (loss) carried forward | 14 | €5,643 | €5,643 | = | 0.0% |
| Amounts payable | 17/49 | €98,097 | €309,030 | +€210,933 | +215% |
| Amounts payable after more than one year | 17 | €20,540 | €241,745 | +€221,205 | +1,077% |
| Financial debts | 170/4 | €20,540 | €241,745 | +€221,205 | +1,077% |
| Amounts payable within one year | 42/48 | €77,492 | €67,219 | -€10,273 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €8,206 | €22,487 | +€14,280 | +174% |
| Trade debts | 44 | €8,379 | €12,881 | +€4,502 | +53.7% |
| Suppliers | 440/4 | €8,379 | €12,881 | +€4,502 | +53.7% |
| Taxes, remuneration and social security | 45 | €60,906 | €30,733 | -€30,173 | -49.5% |
| Taxes | 450/3 | €60,906 | €30,733 | -€30,173 | -49.5% |
| Other amounts payable | 47/48 | - | €1,118 | +€1,118 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,759 | €58,037 | +€37,279 | +180% |
| Other operating charges | 640/8 | €1,829 | €2,574 | +€745 | +40.8% |
| Gross operating margin | 9900 | €546,781 | €234,633 | -€312,148 | -57.1% |
| Operating profit (loss) | 9901 | €524,193 | €174,021 | -€350,172 | -66.8% |
| Financial income | 75/76B | €25,804 | €9,963 | -€15,841 | -61.4% |
| Recurring financial income | 75 | €25,804 | €9,963 | -€15,841 | -61.4% |
| Financial charges | 65/66B | €3,093 | €10,364 | +€7,271 | +235% |
| Recurring financial charges | 65 | €3,093 | €10,364 | +€7,271 | +235% |
| Profit (loss) for the period before taxes | 9903 | €546,905 | €173,621 | -€373,284 | -68.3% |
| Income taxes | 67/77 | €175,238 | €56,612 | -€118,626 | -67.7% |
| Profit (loss) for the period | 9904 | €371,667 | €117,009 | -€254,658 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €371,667 | €117,009 | -€254,658 | -68.5% |
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 29 October 2026 via checked.be.