Bram Desmet: 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 Desmet
Largest movements
- Financial fixed assets +€41,102
up €41,102 (+2.8%), from €1.5m to €1.5m
- Receivables within one year +€28,000
up €28,000 (+11.6%), from €240,500 to €268,500
- Reserves +€57,000
up €57,000 (+3.4%), from €1.7m to €1.8m
of which Distributable reserves: +€57,000
- Financial income +€48,339
up €48,339 (+370%), from €13,079 to €61,419
- Gross operating margin +€1,940
up €1,940 (+42.7%), from -€4,544 to -€2,603
- Taxes -€758
no longer reported in 2025 (was €758)
- Depreciation -€189
no longer reported in 2025 (was €189)
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 | €1,722,841 | €1,778,842 | +€56,000 | +3.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,452,200 | €1,493,302 | +€41,102 | +2.8% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,452,200 | €1,493,302 | +€41,102 | +2.8% |
| Current assets | 29/58 | €270,641 | €285,540 | +€14,898 | +5.5% |
| Amounts receivable within one year | 40/41 | €240,500 | €268,500 | +€28,000 | +11.6% |
| Other amounts receivable | 41 | €240,500 | €268,500 | +€28,000 | +11.6% |
| Cash at bank and in hand | 54/58 | €21,062 | €17,040 | -€4,022 | -19.1% |
| Deferred charges and accrued income | 490/1 | €9,079 | - | -€9,079 | |
| Total equity and liabilities | 10/49 | €1,722,841 | €1,778,842 | +€56,000 | +3.3% |
| Equity | 10/15 | €1,721,341 | €1,778,842 | +€57,501 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,694,912 | €1,751,912 | +€57,000 | +3.4% |
| 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 | €1,693,052 | €1,750,052 | +€57,000 | +3.4% |
| Profit (loss) carried forward | 14 | €7,829 | €8,330 | +€501 | +6.4% |
| Amounts payable | 17/49 | €1,501 | - | -€1,501 | |
| Amounts payable within one year | 42/48 | €1,501 | - | -€1,501 | |
| Trade debts | 44 | €1,243 | - | -€1,243 | |
| Suppliers | 440/4 | €1,243 | - | -€1,243 | |
| Taxes, remuneration and social security | 45 | €258 | - | -€258 | |
| Taxes | 450/3 | €258 | - | -€258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189 | - | -€189 | |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€4,544 | -€2,603 | +€1,940 | +42.7% |
| Operating profit (loss) | 9901 | -€5,841 | -€3,746 | +€2,095 | +35.9% |
| Financial income | 75/76B | €13,079 | €61,419 | +€48,339 | +370% |
| Recurring financial income | 75 | €13,079 | €61,419 | +€48,339 | +370% |
| Financial charges | 65/66B | €166 | €172 | +€6 | +3.6% |
| Recurring financial charges | 65 | €166 | €172 | +€6 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €7,072 | €57,501 | +€50,428 | +713% |
| Income taxes | 67/77 | €758 | - | -€758 | |
| Profit (loss) for the period | 9904 | €6,314 | €57,501 | +€51,187 | +811% |
| Profit (loss) for the period to be appropriated | 9905 | €6,314 | €57,501 | +€51,187 | +811% |
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 16 October 2026 via checked.be.