BRAM STRAGIER: 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 STRAGIER
Largest movements
- Receivables within one year -€945,535
down €945,535 (-64.7%), from €1.5m to €516,000
of which Other amounts receivable: -€905,000
- Current investments +€857,055
up €857,055 (+59.6%), from €1.4m to €2.3m
- Cash +€301,621
up €301,621 (+301%), from €100,271 to €401,892
mainly Receivables within one year (+€945,535) and Net result for the year (+€329,612)
- Reserves +€329,612
up €329,612 (+10.2%), from €3.2m to €3.5m
of which Distributable reserves: +€329,612
- Debts after one year -€53,549
down €53,549 (-11.6%), from €463,084 to €409,535
- Tax, wage and social debts -€42,434
down €42,434 (-29.5%), from €143,703 to €101,269
- Gross operating margin +€70,719
up €70,719 (+17.1%), from €414,153 to €484,872
- Taxes +€43,802
up €43,802 (+38.1%), from €114,924 to €158,725
- Financial income +€16,362
up €16,362 (+24.7%), from €66,298 to €82,660
- Other operating charges -€7,413
down €7,413 (-38.0%), from €19,505 to €12,093
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 | €4,020,158 | €4,229,999 | +€209,840 | +5.2% |
| Fixed assets | 21/28 | €1,006,397 | €973,860 | -€32,536 | -3.2% |
| Tangible fixed assets | 22/27 | €991,238 | €958,702 | -€32,536 | -3.3% |
| Land and buildings | 22 | €944,063 | €903,136 | -€40,927 | -4.3% |
| Furniture and vehicles | 24 | €47,175 | €55,566 | +€8,391 | +17.8% |
| Financial fixed assets | 28 | €15,158 | €15,158 | = | 0.0% |
| Current assets | 29/58 | €3,013,762 | €3,256,138 | +€242,376 | +8.0% |
| Amounts receivable within one year | 40/41 | €1,461,535 | €516,000 | -€945,535 | -64.7% |
| Trade receivables | 40 | €40,535 | - | -€40,535 | |
| Other amounts receivable | 41 | €1,421,000 | €516,000 | -€905,000 | -63.7% |
| Current investments | 50/53 | €1,438,317 | €2,295,372 | +€857,055 | +59.6% |
| Cash at bank and in hand | 54/58 | €100,271 | €401,892 | +€301,621 | +301% |
| Deferred charges and accrued income | 490/1 | €13,639 | €42,874 | +€29,235 | +214% |
| Total equity and liabilities | 10/49 | €4,020,158 | €4,229,999 | +€209,840 | +5.2% |
| Equity | 10/15 | €3,240,077 | €3,569,689 | +€329,612 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,218,890 | €3,548,502 | +€329,612 | +10.2% |
| 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 | €3,217,030 | €3,546,642 | +€329,612 | +10.2% |
| Profit (loss) carried forward | 14 | €2,587 | €2,587 | = | 0.0% |
| Amounts payable | 17/49 | €780,081 | €660,310 | -€119,772 | -15.4% |
| Amounts payable after more than one year | 17 | €463,084 | €409,535 | -€53,549 | -11.6% |
| Financial debts | 170/4 | €463,084 | €409,535 | -€53,549 | -11.6% |
| Amounts payable within one year | 42/48 | €315,378 | €250,775 | -€64,603 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €52,812 | €53,549 | +€737 | +1.4% |
| Trade debts | 44 | €5,630 | €9,785 | +€4,155 | +73.8% |
| Suppliers | 440/4 | €5,630 | €9,785 | +€4,155 | +73.8% |
| Taxes, remuneration and social security | 45 | €143,703 | €101,269 | -€42,434 | -29.5% |
| Taxes | 450/3 | €143,703 | €101,269 | -€42,434 | -29.5% |
| Other amounts payable | 47/48 | €113,234 | €86,172 | -€27,061 | -23.9% |
| Accrued charges and deferred income | 492/3 | €1,619 | - | -€1,619 | |
| Non-recurring operating income | 76A | €29,626 | €52,848 | +€23,222 | +78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,541 | €47,536 | +€995 | +2.1% |
| Other operating charges | 640/8 | €19,505 | €12,093 | -€7,413 | -38.0% |
| Gross operating margin | 9900 | €414,153 | €484,872 | +€70,719 | +17.1% |
| Operating profit (loss) | 9901 | €348,107 | €425,243 | +€77,136 | +22.2% |
| Financial income | 75/76B | €66,298 | €82,660 | +€16,362 | +24.7% |
| Recurring financial income | 75 | €66,298 | €82,660 | +€16,362 | +24.7% |
| Financial charges | 65/66B | €17,581 | €19,566 | +€1,984 | +11.3% |
| Recurring financial charges | 65 | €17,581 | €19,566 | +€1,984 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €396,824 | €488,337 | +€91,513 | +23.1% |
| Income taxes | 67/77 | €114,924 | €158,725 | +€43,802 | +38.1% |
| Profit (loss) for the period | 9904 | €281,900 | €329,612 | +€47,712 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €281,900 | €329,612 | +€47,712 | +16.9% |
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 18 October 2026 via checked.be.