Bram Van den Put: 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 den Put
Largest movements
- Cash +€35,691
up €35,691 (+1,122%), from €3,180 to €38,871
mainly Receivables within one year (+€35,389) and Trade debts (+€15,083)
- Receivables within one year -€35,389
down €35,389 (-53.6%), from €66,077 to €30,688
of which Trade receivables: -€26,676
- Stocks and contracts +€16,697
new in 2025: €16,697
- Tangible fixed assets -€14,346
down €14,346 (-30.4%), from €47,128 to €32,782
of which Leasing and similar rights: -€9,325
- Trade debts +€15,083
up €15,083 (+56.9%), from €26,503 to €41,586
- Debts after one year -€9,078
down €9,078 (-33.5%), from €27,095 to €18,017
- Current portion of long-term debt +€9,078
new in 2025: €9,078
- Short-term financial debts -€8,644
no longer reported in 2025 (was €8,644)
- Profit (loss) carried forward -€5,144
down €5,144 (-37.8%), from €13,623 to €8,479
- Gross operating margin -€4,980
down €4,980 (-20.4%), from €24,388 to €19,409
- Staff costs +€4,444
up €4,444 (+157%), from €2,824 to €7,268
- Taxes -€1,018
no longer reported in 2025 (was €1,018)
- Depreciation -€790
down €790 (-5.2%), from €15,136 to €14,346
- Financial charges -€245
down €245 (-12.2%), from €2,005 to €1,760
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 | €120,366 | €123,653 | +€3,287 | +2.7% |
| Fixed assets | 21/28 | €47,128 | €32,782 | -€14,346 | -30.4% |
| Tangible fixed assets | 22/27 | €47,128 | €32,782 | -€14,346 | -30.4% |
| Plant, machinery and equipment | 23 | €6,312 | €2,959 | -€3,352 | -53.1% |
| Furniture and vehicles | 24 | €6,275 | €4,607 | -€1,668 | -26.6% |
| Leasing and similar rights | 25 | €34,542 | €25,216 | -€9,325 | -27.0% |
| Current assets | 29/58 | €73,238 | €90,871 | +€17,633 | +24.1% |
| Stocks and contracts in progress | 3 | - | €16,697 | +€16,697 | |
| Stocks | 30/36 | - | €16,697 | +€16,697 | |
| Amounts receivable within one year | 40/41 | €66,077 | €30,688 | -€35,389 | -53.6% |
| Trade receivables | 40 | €57,364 | €30,688 | -€26,676 | -46.5% |
| Other amounts receivable | 41 | €8,713 | - | -€8,713 | |
| Cash at bank and in hand | 54/58 | €3,180 | €38,871 | +€35,691 | +1,122% |
| Deferred charges and accrued income | 490/1 | €3,981 | €4,615 | +€633 | +15.9% |
| Total equity and liabilities | 10/49 | €120,366 | €123,653 | +€3,287 | +2.7% |
| Equity | 10/15 | €27,499 | €22,354 | -€5,144 | -18.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,876 | €8,876 | = | 0.0% |
| Distributable reserves | 133 | €8,876 | €8,876 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,623 | €8,479 | -€5,144 | -37.8% |
| Amounts payable | 17/49 | €92,868 | €101,299 | +€8,431 | +9.1% |
| Amounts payable after more than one year | 17 | €27,095 | €18,017 | -€9,078 | -33.5% |
| Financial debts | 170/4 | €27,095 | €18,017 | -€9,078 | -33.5% |
| Amounts payable within one year | 42/48 | €65,773 | €83,282 | +€17,509 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,078 | +€9,078 | |
| Financial debts | 43 | €8,644 | - | -€8,644 | |
| Credit institutions | 430/8 | €8,644 | - | -€8,644 | |
| Trade debts | 44 | €26,503 | €41,586 | +€15,083 | +56.9% |
| Suppliers | 440/4 | €26,503 | €41,586 | +€15,083 | +56.9% |
| Taxes, remuneration and social security | 45 | €6,100 | €11,003 | +€4,903 | +80.4% |
| Taxes | 450/3 | €5,679 | €10,306 | +€4,626 | +81.5% |
| Remuneration and social security | 454/9 | €420 | €697 | +€277 | +65.9% |
| Other amounts payable | 47/48 | €24,526 | €21,615 | -€2,911 | -11.9% |
| Remuneration, social security and pensions | 62 | €2,824 | €7,268 | +€4,444 | +157% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,136 | €14,346 | -€790 | -5.2% |
| Other operating charges | 640/8 | €1,235 | €1,297 | +€62 | +5.0% |
| Gross operating margin | 9900 | €24,388 | €19,409 | -€4,980 | -20.4% |
| Operating profit (loss) | 9901 | €5,193 | -€3,503 | -€8,695 | |
| Financial income | 75/76B | €181 | €118 | -€63 | -34.6% |
| Recurring financial income | 75 | €181 | €118 | -€63 | -34.6% |
| Financial charges | 65/66B | €2,005 | €1,760 | -€245 | -12.2% |
| Recurring financial charges | 65 | €2,005 | €1,760 | -€245 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €3,369 | -€5,144 | -€8,513 | |
| Income taxes | 67/77 | €1,018 | - | -€1,018 | |
| Profit (loss) for the period | 9904 | €2,350 | -€5,144 | -€7,495 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,350 | -€5,144 | -€7,495 |
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 26 October 2026 via checked.be.