BRAMASER: 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.
BRAMASER
Largest movements
- Cash -€50,012
down €50,012 (-55.9%), from €89,436 to €39,423
mainly Contributions, distributions and other (-€51,600) and Current investments (-€50,000)
- Current investments +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Receivables within one year +€6,697
up €6,697 (+7.7%), from €86,473 to €93,170
of which Trade receivables: +€6,697
- Deferred charges and accrued income +€6,139
up €6,139 (+747%), from €822 to €6,961
- Reserves +€15,260
up €15,260 (+4.7%), from €323,262 to €338,521
of which Distributable reserves: +€15,260
- Tax, wage and social debts -€11,864
down €11,864 (-37.8%), from €31,349 to €19,485
- Other debts +€4,843
up €4,843 (+8.9%), from €54,449 to €59,292
- Gross operating margin -€54,285
down €54,285 (-34.6%), from €156,882 to €102,596
- Taxes -€17,274
down €17,274 (-33.6%), from €51,459 to €34,185
- Financial charges -€1,843
down €1,843 (-65.3%), from €2,825 to €981
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 | €427,751 | €440,319 | +€12,568 | +2.9% |
| Fixed assets | 21/28 | €1,020 | €765 | -€255 | -25.0% |
| Tangible fixed assets | 22/27 | €1,020 | €765 | -€255 | -25.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,020 | €765 | -€255 | -25.0% |
| Current assets | 29/58 | €426,731 | €439,554 | +€12,823 | +3.0% |
| Amounts receivable within one year | 40/41 | €86,473 | €93,170 | +€6,697 | +7.7% |
| Trade receivables | 40 | €86,473 | €93,170 | +€6,697 | +7.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €89,436 | €39,423 | -€50,012 | -55.9% |
| Deferred charges and accrued income | 490/1 | €822 | €6,961 | +€6,139 | +747% |
| Total equity and liabilities | 10/49 | €427,751 | €440,319 | +€12,568 | +2.9% |
| Equity | 10/15 | €335,662 | €350,921 | +€15,260 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €323,262 | €338,521 | +€15,260 | +4.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €323,262 | €338,521 | +€15,260 | +4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,090 | €89,398 | -€2,691 | -2.9% |
| Amounts payable within one year | 42/48 | €92,090 | €89,398 | -€2,691 | -2.9% |
| Trade debts | 44 | €6,292 | €10,621 | +€4,330 | +68.8% |
| Suppliers | 440/4 | €6,292 | €10,621 | +€4,330 | +68.8% |
| Taxes, remuneration and social security | 45 | €31,349 | €19,485 | -€11,864 | -37.8% |
| Taxes | 450/3 | €31,349 | €19,485 | -€11,864 | -37.8% |
| Other amounts payable | 47/48 | €54,449 | €59,292 | +€4,843 | +8.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554 | €255 | -€299 | -54.0% |
| Other operating charges | 640/8 | €115 | €252 | +€137 | +119% |
| Non-recurring operating charges | 66A | €116 | €63 | -€53 | -45.6% |
| Gross operating margin | 9900 | €156,882 | €102,596 | -€54,285 | -34.6% |
| Operating profit (loss) | 9901 | €156,096 | €102,026 | -€54,070 | -34.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,825 | €981 | -€1,843 | -65.3% |
| Recurring financial charges | 65 | €2,825 | €981 | -€1,843 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €153,272 | €101,045 | -€52,227 | -34.1% |
| Income taxes | 67/77 | €51,459 | €34,185 | -€17,274 | -33.6% |
| Profit (loss) for the period | 9904 | €101,812 | €66,860 | -€34,953 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,812 | €66,860 | -€34,953 | -34.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.