BRAMACONSTRUCT: 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.
BRAMACONSTRUCT
Largest movements
- Receivables within one year +€27,952
up €27,952 (+33.4%), from €83,717 to €111,669
of which Trade receivables: +€25,445
- Tangible fixed assets -€20,524
down €20,524 (-37.0%), from €55,529 to €35,005
of which Plant, machinery and equipment: -€14,323
- Cash -€10,933
down €10,933 (-48.8%), from €22,408 to €11,475
mainly Trade debts (-€28,804) and Receivables within one year (-€27,952)
- Deferred charges and accrued income -€3,419
down €3,419 (-100.0%), from €3,419 to €0
- Accrued charges and deferred income +€40,012
up €40,012, from €0 to €40,012
- Trade debts -€28,804
down €28,804 (-47.7%), from €60,352 to €31,548
- Tax, wage and social debts -€12,913
down €12,913 (-58.7%), from €21,990 to €9,077
- Reserves +€9,081
up €9,081 (+23.7%), from €38,358 to €47,439
- Current portion of long-term debt -€7,901
down €7,901 (-66.6%), from €11,871 to €3,971
- Purchases and services -€468,990
down €468,990 (-60.7%), from €772,266 to €303,276
- Turnover -€402,858
down €402,858 (-48.9%), from €823,036 to €420,178
- Write-downs +€24,532
new in 2025: €24,532
- Other operating charges -€17,978
down €17,978 (-59.4%), from €30,287 to €12,309
- Gross operating margin +€16,320
up €16,320 (+26.4%), from €61,845 to €78,165
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 | €176,394 | €169,470 | -€6,925 | -3.9% |
| Fixed assets | 21/28 | €56,850 | €36,326 | -€20,524 | -36.1% |
| Tangible fixed assets | 22/27 | €55,529 | €35,005 | -€20,524 | -37.0% |
| Land and buildings | 22 | €1,982 | €1,321 | -€661 | -33.4% |
| Plant, machinery and equipment | 23 | €42,850 | €28,527 | -€14,323 | -33.4% |
| Furniture and vehicles | 24 | €10,698 | €5,158 | -€5,540 | -51.8% |
| Financial fixed assets | 28 | €1,321 | €1,321 | = | 0.0% |
| Current assets | 29/58 | €119,544 | €133,143 | +€13,599 | +11.4% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,717 | €111,669 | +€27,952 | +33.4% |
| Trade receivables | 40 | €70,771 | €96,216 | +€25,445 | +36.0% |
| Other amounts receivable | 41 | €12,946 | €15,453 | +€2,507 | +19.4% |
| Cash at bank and in hand | 54/58 | €22,408 | €11,475 | -€10,933 | -48.8% |
| Deferred charges and accrued income | 490/1 | €3,419 | €0 | -€3,419 | -100.0% |
| Total equity and liabilities | 10/49 | €176,394 | €169,470 | -€6,925 | -3.9% |
| Equity | 10/15 | €40,358 | €49,439 | +€9,081 | +22.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,358 | €47,439 | +€9,081 | +23.7% |
| Distributable reserves | 133 | €38,358 | €47,439 | +€9,081 | +23.7% |
| Amounts payable | 17/49 | €136,036 | €120,031 | -€16,006 | -11.8% |
| Amounts payable after more than one year | 17 | €15,195 | €11,225 | -€3,971 | -26.1% |
| Financial debts | 170/4 | €15,195 | €11,225 | -€3,971 | -26.1% |
| Amounts payable within one year | 42/48 | €120,841 | €68,794 | -€52,047 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €11,871 | €3,971 | -€7,901 | -66.6% |
| Trade debts | 44 | €60,352 | €31,548 | -€28,804 | -47.7% |
| Suppliers | 440/4 | €60,352 | €31,548 | -€28,804 | -47.7% |
| Advances received on contracts in progress | 46 | - | €3,700 | +€3,700 | |
| Taxes, remuneration and social security | 45 | €21,990 | €9,077 | -€12,913 | -58.7% |
| Taxes | 450/3 | €21,990 | €9,077 | -€12,913 | -58.7% |
| Other amounts payable | 47/48 | €26,628 | €20,499 | -€6,129 | -23.0% |
| Accrued charges and deferred income | 492/3 | €0 | €40,012 | +€40,012 | |
| Turnover | 70 | €823,036 | €420,178 | -€402,858 | -48.9% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €772,266 | €303,276 | -€468,990 | -60.7% |
| Remuneration, social security and pensions | 62 | €501 | - | -€501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,306 | €19,084 | -€222 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,532 | +€24,532 | |
| Other operating charges | 640/8 | €30,287 | €12,309 | -€17,978 | -59.4% |
| Non-recurring operating charges | 66A | - | €11,577 | +€11,577 | |
| Gross operating margin | 9900 | €61,845 | €78,165 | +€16,320 | +26.4% |
| Operating profit (loss) | 9901 | €11,751 | €10,663 | -€1,088 | -9.3% |
| Financial income | 75/76B | €1,011 | €3,139 | +€2,128 | +210.5% |
| Recurring financial income | 75 | €1,011 | €3,139 | +€2,128 | +210.5% |
| Financial charges | 65/66B | €2,830 | €943 | -€1,887 | -66.7% |
| Recurring financial charges | 65 | €2,830 | €943 | -€1,887 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €9,932 | €12,859 | +€2,927 | +29.5% |
| Income taxes | 67/77 | €4,204 | €3,778 | -€426 | -10.1% |
| Profit (loss) for the period | 9904 | €5,729 | €9,081 | +€3,352 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,729 | €9,081 | +€3,352 | +58.5% |
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 10 October 2026 via checked.be.