Bram Bourgonjon: 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 Bourgonjon
Largest movements
- Cash -€113,539
down €113,539 (-46.3%), from €245,361 to €131,822
mainly Contributions, distributions and other (-€315,000) and Receivables within one year (-€4,857)
- Tangible fixed assets -€6,084
down €6,084 (-29.7%), from €20,496 to €14,412
of which Furniture and vehicles: -€4,944
- Receivables within one year +€4,857
up €4,857 (+14.9%), from €32,506 to €37,363
of which Trade receivables: +€15,807
- Reserves -€117,500
down €117,500 (-37.3%), from €315,000 to €197,500
No income-statement line moved by more than 1% of the activity.
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 | €327,524 | €209,630 | -€117,893 | -36.0% |
| Fixed assets | 21/28 | €21,096 | €15,012 | -€6,084 | -28.8% |
| Tangible fixed assets | 22/27 | €20,496 | €14,412 | -€6,084 | -29.7% |
| Plant, machinery and equipment | 23 | €2,754 | €2,015 | -€740 | -26.9% |
| Furniture and vehicles | 24 | €17,176 | €12,232 | -€4,944 | -28.8% |
| Other tangible fixed assets | 26 | €565 | €165 | -€400 | -70.7% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €306,427 | €194,618 | -€111,809 | -36.5% |
| Amounts receivable within one year | 40/41 | €32,506 | €37,363 | +€4,857 | +14.9% |
| Trade receivables | 40 | €8,356 | €24,163 | +€15,807 | +189.2% |
| Other amounts receivable | 41 | €24,150 | €13,200 | -€10,950 | -45.3% |
| Cash at bank and in hand | 54/58 | €245,361 | €131,822 | -€113,539 | -46.3% |
| Deferred charges and accrued income | 490/1 | €28,561 | €25,433 | -€3,128 | -11.0% |
| Total equity and liabilities | 10/49 | €327,524 | €209,630 | -€117,893 | -36.0% |
| Equity | 10/15 | €321,933 | €203,525 | -€118,408 | -36.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €315,000 | €197,500 | -€117,500 | -37.3% |
| Distributable reserves | 133 | €315,000 | €197,500 | -€117,500 | -37.3% |
| Profit (loss) carried forward | 14 | €933 | €25 | -€908 | -97.3% |
| Amounts payable | 17/49 | €5,591 | €6,106 | +€515 | +9.2% |
| Amounts payable within one year | 42/48 | €4,595 | €5,506 | +€911 | +19.8% |
| Taxes, remuneration and social security | 45 | €1,000 | €3,000 | +€2,000 | +200.0% |
| Taxes | 450/3 | €1,000 | €3,000 | +€2,000 | +200.0% |
| Other amounts payable | 47/48 | €3,595 | €2,506 | -€1,089 | -30.3% |
| Accrued charges and deferred income | 492/3 | €996 | €600 | -€396 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,119 | €6,084 | +€966 | +18.9% |
| Other operating charges | 640/8 | €689 | €793 | +€104 | +15.0% |
| Gross operating margin | 9900 | €268,472 | €267,102 | -€1,369 | -0.5% |
| Operating profit (loss) | 9901 | €262,664 | €260,225 | -€2,439 | -0.9% |
| Financial income | 75/76B | €0 | €64 | +€64 | +320000.0% |
| Recurring financial income | 75 | €0 | €64 | +€64 | +320000.0% |
| Financial charges | 65/66B | €2,502 | €1,911 | -€591 | -23.6% |
| Recurring financial charges | 65 | €2,502 | €1,911 | -€591 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €260,162 | €258,379 | -€1,784 | -0.7% |
| Income taxes | 67/77 | €60,829 | €61,787 | +€958 | +1.6% |
| Profit (loss) for the period | 9904 | €199,333 | €196,592 | -€2,741 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €199,333 | €196,592 | -€2,741 | -1.4% |
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 11 October 2026 via checked.be.