BRAMACO: what changed
Two fiscal 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.
BRAMACO
Largest movements
- Cash +€112,709
up €112,709 (+369.6%), from €30,495 to €143,204
mainly Current investments (+€100,000) and Net result for the year (+€82,872)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Other debts +€42,973
up €42,973 (+66.8%), from €64,352 to €107,325
- Reserves -€40,498
no longer reported in 2025 (was €40,498)
- Tax, wage and social debts +€8,929
up €8,929 (+31.7%), from €28,195 to €37,124
- Gross operating margin +€10,500
up €10,500 (+11.2%), from €93,591 to €104,091
- Taxes +€2,313
up €2,313 (+12.2%), from €19,010 to €21,323
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 | €134,134 | €145,540 | +€11,406 | +8.5% |
| Fixed assets | 21/28 | €596 | €124 | -€472 | -79.2% |
| Tangible fixed assets | 22/27 | €596 | €124 | -€472 | -79.2% |
| Furniture and vehicles | 24 | €596 | €124 | -€472 | -79.2% |
| Current assets | 29/58 | €133,538 | €145,416 | +€11,878 | +8.9% |
| Amounts receivable within one year | 40/41 | €958 | - | -€958 | |
| Other amounts receivable | 41 | €958 | - | -€958 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €30,495 | €143,204 | +€112,709 | +369.6% |
| Deferred charges and accrued income | 490/1 | €2,085 | €2,211 | +€127 | +6.1% |
| Total equity and liabilities | 10/49 | €134,134 | €145,540 | +€11,406 | +8.5% |
| Equity | 10/15 | €41,498 | €1,000 | -€40,498 | -97.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,498 | - | -€40,498 | |
| Distributable reserves | 133 | €40,498 | - | -€40,498 | |
| Amounts payable | 17/49 | €92,635 | €144,540 | +€51,904 | +56.0% |
| Amounts payable within one year | 42/48 | €92,635 | €144,540 | +€51,904 | +56.0% |
| Trade debts | 44 | €89 | €91 | +€2 | +1.8% |
| Suppliers | 440/4 | €89 | €91 | +€2 | +1.8% |
| Taxes, remuneration and social security | 45 | €28,195 | €37,124 | +€8,929 | +31.7% |
| Taxes | 450/3 | €28,195 | €37,124 | +€8,929 | +31.7% |
| Other amounts payable | 47/48 | €64,352 | €107,325 | +€42,973 | +66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €742 | €472 | -€270 | -36.4% |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.4% |
| Gross operating margin | 9900 | €93,591 | €104,091 | +€10,500 | +11.2% |
| Operating profit (loss) | 9901 | €92,338 | €103,090 | +€10,752 | +11.6% |
| Financial income | 75/76B | €2,178 | €1,201 | -€977 | -44.9% |
| Recurring financial income | 75 | €2,178 | €1,201 | -€977 | -44.9% |
| Financial charges | 65/66B | - | €96 | +€96 | |
| Recurring financial charges | 65 | - | €96 | +€96 | |
| Profit (loss) for the period before taxes | 9903 | €94,516 | €104,195 | +€9,679 | +10.2% |
| Income taxes | 67/77 | €19,010 | €21,323 | +€2,313 | +12.2% |
| Profit (loss) for the period | 9904 | €75,506 | €82,872 | +€7,366 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,506 | €82,872 | +€7,366 | +9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.