BRAM LENS: 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 LENS
Largest movements
- Receivables within one year +€10,286
up €10,286 (+52.6%), from €19,548 to €29,834
of which Trade receivables: +€5,389
- Current investments -€10,000
down €10,000 (-15.4%), from €65,000 to €55,000
- Cash -€7,293
down €7,293 (-9.7%), from €75,239 to €67,946
mainly Contributions, distributions and other (-€18,748) and Receivables within one year (-€10,286)
- Tangible fixed assets -€2,275
down €2,275 (-15.7%), from €14,511 to €12,236
of which Furniture and vehicles: -€2,263
- Reserves -€8,864
down €8,864 (-5.5%), from €159,771 to €150,907
- Tax, wage and social debts -€1,997
down €1,997 (-48.0%), from €4,162 to €2,165
- Gross operating margin -€23,491
down €23,491 (-54.5%), from €43,140 to €19,649
- Taxes -€7,797
down €7,797 (-64.6%), from €12,070 to €4,273
- Financial income +€1,201
up €1,201 (+99.8%), from €1,203 to €2,404
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 | €179,998 | €170,716 | -€9,282 | -5.2% |
| Fixed assets | 21/28 | €20,211 | €17,936 | -€2,275 | -11.3% |
| Tangible fixed assets | 22/27 | €14,511 | €12,236 | -€2,275 | -15.7% |
| Plant, machinery and equipment | 23 | €8,603 | €8,591 | -€12 | -0.1% |
| Furniture and vehicles | 24 | €5,908 | €3,645 | -€2,263 | -38.3% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €159,787 | €152,780 | -€7,007 | -4.4% |
| Amounts receivable within one year | 40/41 | €19,548 | €29,834 | +€10,286 | +52.6% |
| Trade receivables | 40 | €16,659 | €22,048 | +€5,389 | +32.3% |
| Other amounts receivable | 41 | €2,889 | €7,786 | +€4,897 | +170% |
| Current investments | 50/53 | €65,000 | €55,000 | -€10,000 | -15.4% |
| Cash at bank and in hand | 54/58 | €75,239 | €67,946 | -€7,293 | -9.7% |
| Total equity and liabilities | 10/49 | €179,998 | €170,716 | -€9,282 | -5.2% |
| Equity | 10/15 | €172,171 | €163,307 | -€8,864 | -5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €159,771 | €150,907 | -€8,864 | -5.5% |
| Distributable reserves | 133 | €159,771 | €150,907 | -€8,864 | -5.5% |
| Amounts payable | 17/49 | €7,827 | €7,409 | -€418 | -5.3% |
| Amounts payable within one year | 42/48 | €7,827 | €7,409 | -€418 | -5.3% |
| Financial debts | 43 | €160 | €187 | +€27 | +16.9% |
| Credit institutions | 430/8 | €160 | €187 | +€27 | +16.9% |
| Trade debts | 44 | €43 | €981 | +€938 | +2,181% |
| Suppliers | 440/4 | €43 | €981 | +€938 | +2,181% |
| Taxes, remuneration and social security | 45 | €4,162 | €2,165 | -€1,997 | -48.0% |
| Taxes | 450/3 | €4,162 | €2,165 | -€1,997 | -48.0% |
| Other amounts payable | 47/48 | €3,462 | €4,076 | +€614 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,160 | €7,018 | -€142 | -2.0% |
| Other operating charges | 640/8 | €505 | €520 | +€15 | +3.0% |
| Gross operating margin | 9900 | €43,140 | €19,649 | -€23,491 | -54.5% |
| Operating profit (loss) | 9901 | €35,475 | €12,111 | -€23,364 | -65.9% |
| Financial income | 75/76B | €1,203 | €2,404 | +€1,201 | +99.8% |
| Recurring financial income | 75 | €1,203 | €2,404 | +€1,201 | +99.8% |
| Financial charges | 65/66B | €321 | €358 | +€37 | +11.5% |
| Recurring financial charges | 65 | €321 | €358 | +€37 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €36,357 | €14,157 | -€22,200 | -61.1% |
| Income taxes | 67/77 | €12,070 | €4,273 | -€7,797 | -64.6% |
| Profit (loss) for the period | 9904 | €24,287 | €9,884 | -€14,403 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,287 | €9,884 | -€14,403 | -59.3% |
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 24 October 2026 via checked.be.