Bram Markey: 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 Markey
Largest movements
- Receivables after one year -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Tangible fixed assets -€17,745
down €17,745 (-23.7%), from €74,848 to €57,103
- Cash +€9,304
up €9,304 (+27.0%), from €34,471 to €43,775
mainly Net result for the year (+€34,887) and Receivables after one year (+€25,000)
- Receivables within one year -€1,916
down €1,916 (-7.1%), from €27,044 to €25,128
of which Other amounts receivable: -€9,296
- Debts after one year -€16,117
down €16,117 (-31.8%), from €50,719 to €34,602
- Tax, wage and social debts -€10,469
down €10,469 (-38.2%), from €27,377 to €16,908
- Reserves -€10,113
down €10,113 (-15.7%), from €64,604 to €54,492
- Gross operating margin +€58,278
up €58,278 (+538.7%), from €10,819 to €69,097
- Taxes +€10,240
up €10,240 (+3107.9%), from €330 to €10,570
- Financial charges -€848
down €848 (-20.7%), from €4,095 to €3,246
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 | €164,391 | €129,547 | -€34,844 | -21.2% |
| Fixed assets | 21/28 | €74,848 | €57,103 | -€17,745 | -23.7% |
| Tangible fixed assets | 22/27 | €74,848 | €57,103 | -€17,745 | -23.7% |
| Furniture and vehicles | 24 | €74,848 | €57,103 | -€17,745 | -23.7% |
| Current assets | 29/58 | €89,543 | €72,444 | -€17,099 | -19.1% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €27,044 | €25,128 | -€1,916 | -7.1% |
| Trade receivables | 40 | €15,405 | €22,785 | +€7,381 | +47.9% |
| Other amounts receivable | 41 | €11,639 | €2,343 | -€9,296 | -79.9% |
| Cash at bank and in hand | 54/58 | €34,471 | €43,775 | +€9,304 | +27.0% |
| Deferred charges and accrued income | 490/1 | €3,027 | €3,540 | +€513 | +16.9% |
| Total equity and liabilities | 10/49 | €164,391 | €129,547 | -€34,844 | -21.2% |
| Equity | 10/15 | €69,604 | €59,492 | -€10,113 | -14.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,604 | €54,492 | -€10,113 | -15.7% |
| Distributable reserves | 133 | €64,604 | €54,492 | -€10,113 | -15.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €94,786 | €70,055 | -€24,731 | -26.1% |
| Amounts payable after more than one year | 17 | €50,719 | €34,602 | -€16,117 | -31.8% |
| Financial debts | 170/4 | €50,719 | €34,602 | -€16,117 | -31.8% |
| Amounts payable within one year | 42/48 | €44,067 | €35,453 | -€8,614 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €15,375 | €16,117 | +€742 | +4.8% |
| Financial debts | 43 | - | €369 | +€369 | |
| Credit institutions | 430/8 | - | €369 | +€369 | |
| Trade debts | 44 | €1,315 | €2,059 | +€744 | +56.6% |
| Suppliers | 440/4 | €1,315 | €2,059 | +€744 | +56.6% |
| Taxes, remuneration and social security | 45 | €27,377 | €16,908 | -€10,469 | -38.2% |
| Taxes | 450/3 | €27,377 | €16,908 | -€10,469 | -38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,253 | €19,719 | +€466 | +2.4% |
| Other operating charges | 640/8 | €1,552 | €1,261 | -€292 | -18.8% |
| Gross operating margin | 9900 | €10,819 | €69,097 | +€58,278 | +538.7% |
| Operating profit (loss) | 9901 | -€9,986 | €48,117 | +€58,103 | |
| Financial income | 75/76B | €1,255 | €586 | -€669 | -53.3% |
| Recurring financial income | 75 | €1,255 | €586 | -€669 | -53.3% |
| Financial charges | 65/66B | €4,095 | €3,246 | -€848 | -20.7% |
| Recurring financial charges | 65 | €4,095 | €3,246 | -€848 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,826 | €45,457 | +€58,283 | |
| Income taxes | 67/77 | €330 | €10,570 | +€10,240 | +3107.9% |
| Profit (loss) for the period | 9904 | -€13,155 | €34,887 | +€48,043 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,155 | €34,887 | +€48,043 |
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 10 October 2026 via checked.be.