Bram Van Aelst: 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 Van Aelst
Largest movements
- Cash +€6,079
up €6,079 (+22.7%), from €26,779 to €32,858
mainly Net result for the year (+€12,168) and Deferred charges and accrued income (+€35)
- Receivables within one year +€5,669
new in 2025: €5,669
of which Other amounts receivable: +€5,305
- Profit (loss) carried forward +€12,168
up €12,168 (+73.6%), from €16,540 to €28,708
- Gross operating margin -€3,619
down €3,619 (-18.3%), from €19,748 to €16,129
- Taxes -€1,702
down €1,702 (-33.8%), from €5,041 to €3,339
- Other operating charges -€224
down €224 (-28.0%), from €801 to €577
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 | €41,969 | €53,683 | +€11,714 | +27.9% |
| Fixed assets | 21/28 | €15,000 | €15,000 | = | 0.0% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €26,969 | €38,683 | +€11,714 | +43.4% |
| Amounts receivable within one year | 40/41 | - | €5,669 | +€5,669 | |
| Trade receivables | 40 | - | €364 | +€364 | |
| Other amounts receivable | 41 | - | €5,305 | +€5,305 | |
| Cash at bank and in hand | 54/58 | €26,779 | €32,858 | +€6,079 | +22.7% |
| Deferred charges and accrued income | 490/1 | €190 | €155 | -€35 | -18.3% |
| Total equity and liabilities | 10/49 | €41,969 | €53,683 | +€11,714 | +27.9% |
| Equity | 10/15 | €33,540 | €45,708 | +€12,168 | +36.3% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,540 | €28,708 | +€12,168 | +73.6% |
| Amounts payable | 17/49 | €8,429 | €7,974 | -€454 | -5.4% |
| Amounts payable within one year | 42/48 | €8,429 | €7,974 | -€454 | -5.4% |
| Trade debts | 44 | - | €27 | +€27 | |
| Suppliers | 440/4 | - | €27 | +€27 | |
| Taxes, remuneration and social security | 45 | €8,429 | €7,947 | -€481 | -5.7% |
| Taxes | 450/3 | €8,429 | €7,947 | -€481 | -5.7% |
| Other operating charges | 640/8 | €801 | €577 | -€224 | -28.0% |
| Gross operating margin | 9900 | €19,748 | €16,129 | -€3,619 | -18.3% |
| Operating profit (loss) | 9901 | €18,946 | €15,551 | -€3,395 | -17.9% |
| Financial charges | 65/66B | €69 | €45 | -€24 | -35.2% |
| Recurring financial charges | 65 | €69 | €45 | -€24 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €18,877 | €15,506 | -€3,370 | -17.9% |
| Income taxes | 67/77 | €5,041 | €3,339 | -€1,702 | -33.8% |
| Profit (loss) for the period | 9904 | €13,836 | €12,168 | -€1,668 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,836 | €12,168 | -€1,668 | -12.1% |
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.