BRAMAC: 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.
BRAMAC
Largest movements
- Cash +€66,572
up €66,572 (+59.9%), from €111,173 to €177,745
mainly Net result for the year (+€59,389) and Receivables within one year (+€51,433)
- Receivables within one year -€51,433
down €51,433 (-59.8%), from €86,055 to €34,622
of which Trade receivables: -€32,551
- Tangible fixed assets +€6,086
up €6,086 (+12.1%), from €50,152 to €56,238
of which Plant, machinery and equipment: +€13,391
- Reserves +€29,004
up €29,004 (+53.4%), from €54,358 to €83,361
- Trade debts -€14,256
down €14,256 (-43.8%), from €32,580 to €18,324
- Other debts +€12,351
up €12,351 (+19.0%), from €64,845 to €77,196
- Debts after one year -€8,200
down €8,200 (-42.9%), from €19,133 to €10,933
- Gross operating margin +€37,970
up €37,970 (+27.1%), from €140,126 to €178,096
- Taxes +€13,511
up €13,511 (+205%), from €6,588 to €20,099
- Depreciation -€8,351
down €8,351 (-31.2%), from €26,800 to €18,449
- Staff costs +€3,845
up €3,845 (+5.3%), from €71,888 to €75,733
- Financial charges -€2,410
down €2,410 (-37.7%), from €6,394 to €3,984
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 | €294,504 | €312,486 | +€17,982 | +6.1% |
| Fixed assets | 21/28 | €51,347 | €56,537 | +€5,190 | +10.1% |
| Intangible fixed assets | 21 | €1,195 | €299 | -€896 | -75.0% |
| Tangible fixed assets | 22/27 | €50,152 | €56,238 | +€6,086 | +12.1% |
| Plant, machinery and equipment | 23 | €5,512 | €18,902 | +€13,391 | +243% |
| Furniture and vehicles | 24 | €41,999 | €35,834 | -€6,165 | -14.7% |
| Other tangible fixed assets | 26 | €2,641 | €1,502 | -€1,139 | -43.1% |
| Current assets | 29/58 | €243,157 | €255,949 | +€12,792 | +5.3% |
| Stocks and contracts in progress | 3 | €42,910 | €42,301 | -€608 | -1.4% |
| Stocks | 30/36 | €40,578 | €42,301 | +€1,723 | +4.2% |
| Contracts in progress | 37 | €2,332 | €0 | -€2,332 | -100% |
| Amounts receivable within one year | 40/41 | €86,055 | €34,622 | -€51,433 | -59.8% |
| Trade receivables | 40 | €62,438 | €29,888 | -€32,551 | -52.1% |
| Other amounts receivable | 41 | €23,617 | €4,735 | -€18,882 | -80.0% |
| Cash at bank and in hand | 54/58 | €111,173 | €177,745 | +€66,572 | +59.9% |
| Deferred charges and accrued income | 490/1 | €3,019 | €1,280 | -€1,739 | -57.6% |
| Total equity and liabilities | 10/49 | €294,504 | €312,486 | +€17,982 | +6.1% |
| Equity | 10/15 | €162,252 | €191,255 | +€29,004 | +17.9% |
| Contributions | 10/11 | €107,894 | €107,894 | = | 0.0% |
| Reserves | 13 | €54,358 | €83,361 | +€29,004 | +53.4% |
| Distributable reserves | 133 | €54,358 | €83,361 | +€29,004 | +53.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €132,252 | €121,230 | -€11,022 | -8.3% |
| Amounts payable after more than one year | 17 | €19,133 | €10,933 | -€8,200 | -42.9% |
| Financial debts | 170/4 | €19,133 | €10,933 | -€8,200 | -42.9% |
| Amounts payable within one year | 42/48 | €113,119 | €110,297 | -€2,822 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €8,200 | €8,200 | = | 0.0% |
| Trade debts | 44 | €32,580 | €18,324 | -€14,256 | -43.8% |
| Suppliers | 440/4 | €32,580 | €18,324 | -€14,256 | -43.8% |
| Taxes, remuneration and social security | 45 | €7,494 | €6,577 | -€917 | -12.2% |
| Taxes | 450/3 | €413 | €0 | -€413 | -100% |
| Remuneration and social security | 454/9 | €7,081 | €6,577 | -€505 | -7.1% |
| Other amounts payable | 47/48 | €64,845 | €77,196 | +€12,351 | +19.0% |
| Non-recurring operating income | 76A | - | €165 | +€165 | |
| Remuneration, social security and pensions | 62 | €71,888 | €75,733 | +€3,845 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,800 | €18,449 | -€8,351 | -31.2% |
| Other operating charges | 640/8 | €2,394 | €1,390 | -€1,004 | -41.9% |
| Non-recurring operating charges | 66A | - | €183 | +€183 | |
| Gross operating margin | 9900 | €140,126 | €178,096 | +€37,970 | +27.1% |
| Operating profit (loss) | 9901 | €39,044 | €82,342 | +€43,298 | +111% |
| Financial income | 75/76B | €709 | €1,129 | +€420 | +59.2% |
| Recurring financial income | 75 | €709 | €1,129 | +€420 | +59.2% |
| Financial charges | 65/66B | €6,394 | €3,984 | -€2,410 | -37.7% |
| Recurring financial charges | 65 | €6,394 | €3,984 | -€2,410 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €33,359 | €79,487 | +€46,128 | +138% |
| Income taxes | 67/77 | €6,588 | €20,099 | +€13,511 | +205% |
| Profit (loss) for the period | 9904 | €26,771 | €59,389 | +€32,617 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €26,771 | €59,389 | +€32,617 | +122% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.