BRAM LUYTEN: 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 LUYTEN
Largest movements
- Current investments +€155,000
new in 2025: €155,000
- Cash -€110,780
down €110,780 (-81.0%), from €136,841 to €26,061
mainly Current investments (-€155,000) and Investment in fixed assets (net) (-€13,115)
- Receivables within one year +€12,794
up €12,794 (+82.0%), from €15,607 to €28,401
of which Trade receivables: +€15,017
- Tangible fixed assets +€5,599
up €5,599 (+42.3%), from €13,233 to €18,832
of which Furniture and vehicles: +€3,658
- Reserves +€35,379
up €35,379 (+26.4%), from €134,159 to €169,538
- Tax, wage and social debts +€14,913
up €14,913 (+188.1%), from €7,929 to €22,842
of which Taxes: +€13,013
- Other debts +€12,631
up €12,631 (+73.1%), from €17,273 to €29,904
- Gross operating margin +€14,255
up €14,255 (+32.5%), from €43,890 to €58,145
- Taxes +€6,336
up €6,336 (+81.0%), from €7,819 to €14,155
- Financial charges +€2,181
up €2,181 (+1257.6%), from €173 to €2,355
- Financial income +€1,719
up €1,719 (+171944.0%), from €1 to €1,720
- Depreciation +€1,226
up €1,226 (+19.5%), from €6,290 to €7,516
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 | €166,521 | €229,405 | +€62,884 | +37.8% |
| Fixed assets | 21/28 | €13,233 | €18,832 | +€5,599 | +42.3% |
| Tangible fixed assets | 22/27 | €13,233 | €18,832 | +€5,599 | +42.3% |
| Land and buildings | 22 | €1,280 | €1,742 | +€462 | +36.0% |
| Plant, machinery and equipment | 23 | €11,953 | €13,432 | +€1,479 | +12.4% |
| Furniture and vehicles | 24 | - | €3,658 | +€3,658 | |
| Current assets | 29/58 | €153,288 | €210,573 | +€57,285 | +37.4% |
| Amounts receivable within one year | 40/41 | €15,607 | €28,401 | +€12,794 | +82.0% |
| Trade receivables | 40 | €13,384 | €28,401 | +€15,017 | +112.2% |
| Other amounts receivable | 41 | €2,223 | - | -€2,223 | |
| Current investments | 50/53 | - | €155,000 | +€155,000 | |
| Cash at bank and in hand | 54/58 | €136,841 | €26,061 | -€110,780 | -81.0% |
| Deferred charges and accrued income | 490/1 | €840 | €1,111 | +€271 | +32.3% |
| Total equity and liabilities | 10/49 | €166,521 | €229,405 | +€62,884 | +37.8% |
| Equity | 10/15 | €139,159 | €174,538 | +€35,379 | +25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €134,159 | €169,538 | +€35,379 | +26.4% |
| Distributable reserves | 133 | €134,159 | €169,538 | +€35,379 | +26.4% |
| Amounts payable | 17/49 | €27,362 | €54,867 | +€27,505 | +100.5% |
| Amounts payable within one year | 42/48 | €27,362 | €54,867 | +€27,505 | +100.5% |
| Financial debts | 43 | - | €272 | +€272 | |
| Credit institutions | 430/8 | - | €272 | +€272 | |
| Trade debts | 44 | €2,160 | €1,848 | -€311 | -14.4% |
| Suppliers | 440/4 | €2,160 | €1,848 | -€311 | -14.4% |
| Taxes, remuneration and social security | 45 | €7,929 | €22,842 | +€14,913 | +188.1% |
| Taxes | 450/3 | €7,929 | €20,942 | +€13,013 | +164.1% |
| Remuneration and social security | 454/9 | - | €1,900 | +€1,900 | |
| Other amounts payable | 47/48 | €17,273 | €29,904 | +€12,631 | +73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,290 | €7,516 | +€1,226 | +19.5% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €43,890 | €58,145 | +€14,255 | +32.5% |
| Operating profit (loss) | 9901 | €37,151 | €50,168 | +€13,016 | +35.0% |
| Financial income | 75/76B | €1 | €1,720 | +€1,719 | +171944.0% |
| Recurring financial income | 75 | €1 | €1,720 | +€1,719 | +171944.0% |
| Financial charges | 65/66B | €173 | €2,355 | +€2,181 | +1257.6% |
| Recurring financial charges | 65 | €173 | €2,355 | +€2,181 | +1257.6% |
| Profit (loss) for the period before taxes | 9903 | €36,979 | €49,533 | +€12,555 | +34.0% |
| Income taxes | 67/77 | €7,819 | €14,155 | +€6,336 | +81.0% |
| Profit (loss) for the period | 9904 | €29,160 | €35,379 | +€6,219 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,160 | €35,379 | +€6,219 | +21.3% |
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 12 October 2026 via checked.be.