BRAMATIC: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
BRAMATIC
Largest movements
- Receivables within one year +€178,332
up €178,332 (+1,053%), from €16,940 to €195,272
- Tangible fixed assets +€163,949
up €163,949 (+48.1%), from €340,499 to €504,448
of which Assets under construction and advance payments: +€133,382
- Cash -€46,538
down €46,538 (-44.7%), from €104,011 to €57,473
mainly Investment in fixed assets (net) (-€208,014) and Receivables within one year (-€178,332)
- Trade debts +€167,100
up €167,100 (+3,742%), from €4,466 to €171,566
- Debts after one year +€86,296
up €86,296 (+126%), from €68,235 to €154,531
- Reserves +€35,110
up €35,110 (+17.7%), from €198,708 to €233,818
- Other operating charges +€9,202
up €9,202 (+347%), from €2,649 to €11,851
- Depreciation +€8,184
up €8,184 (+22.8%), from €35,881 to €44,065
- Taxes -€8,175
down €8,175 (-31.2%), from €26,219 to €18,045
- Gross operating margin -€6,863
down €6,863 (-5.5%), from €124,955 to €118,091
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €462,663 | €759,496 | +€296,833 | +64.2% |
| Fixed assets | 21/28 | €340,499 | €504,448 | +€163,949 | +48.1% |
| Tangible fixed assets | 22/27 | €340,499 | €504,448 | +€163,949 | +48.1% |
| Land and buildings | 22 | €330,725 | €364,723 | +€33,998 | +10.3% |
| Plant, machinery and equipment | 23 | €9,267 | €6,343 | -€2,924 | -31.5% |
| Furniture and vehicles | 24 | €507 | €0 | -€507 | -100% |
| Assets under construction and advance payments | 27 | - | €133,382 | +€133,382 | |
| Current assets | 29/58 | €122,164 | €255,048 | +€132,884 | +109% |
| Amounts receivable within one year | 40/41 | €16,940 | €195,272 | +€178,332 | +1,053% |
| Trade receivables | 40 | €16,940 | €195,272 | +€178,332 | +1,053% |
| Cash at bank and in hand | 54/58 | €104,011 | €57,473 | -€46,538 | -44.7% |
| Deferred charges and accrued income | 490/1 | €1,214 | €2,303 | +€1,089 | +89.8% |
| Total equity and liabilities | 10/49 | €462,663 | €759,496 | +€296,833 | +64.2% |
| Equity | 10/15 | €308,870 | €343,989 | +€35,119 | +11.4% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €198,708 | €233,818 | +€35,110 | +17.7% |
| Distributable reserves | 133 | €198,708 | €233,818 | +€35,110 | +17.7% |
| Profit (loss) carried forward | 14 | €162 | €171 | +€9 | +5.9% |
| Amounts payable | 17/49 | €153,793 | €415,507 | +€261,714 | +170% |
| Amounts payable after more than one year | 17 | €68,235 | €154,531 | +€86,296 | +126% |
| Financial debts | 170/4 | €68,235 | €154,531 | +€86,296 | +126% |
| Amounts payable within one year | 42/48 | €82,678 | €258,395 | +€175,717 | +213% |
| Current portion of amounts payable after more than one year | 42 | €26,925 | €27,707 | +€783 | +2.9% |
| Financial debts | 43 | - | €5,048 | +€5,048 | |
| Credit institutions | 430/8 | - | €5,048 | +€5,048 | |
| Trade debts | 44 | €4,466 | €171,566 | +€167,100 | +3,742% |
| Suppliers | 440/4 | €4,466 | €171,566 | +€167,100 | +3,742% |
| Taxes, remuneration and social security | 45 | €17,624 | €14,826 | -€2,798 | -15.9% |
| Taxes | 450/3 | €17,624 | €14,826 | -€2,798 | -15.9% |
| Other amounts payable | 47/48 | €33,664 | €39,248 | +€5,584 | +16.6% |
| Accrued charges and deferred income | 492/3 | €2,880 | €2,581 | -€299 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,881 | €44,065 | +€8,184 | +22.8% |
| Other operating charges | 640/8 | €2,649 | €11,851 | +€9,202 | +347% |
| Gross operating margin | 9900 | €124,955 | €118,091 | -€6,863 | -5.5% |
| Operating profit (loss) | 9901 | €86,425 | €62,175 | -€24,249 | -28.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +700% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +700% |
| Financial charges | 65/66B | €7,923 | €9,012 | +€1,089 | +13.7% |
| Recurring financial charges | 65 | €7,923 | €9,012 | +€1,089 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €78,501 | €53,164 | -€25,337 | -32.3% |
| Income taxes | 67/77 | €26,219 | €18,045 | -€8,175 | -31.2% |
| Profit (loss) for the period | 9904 | €52,282 | €35,119 | -€17,163 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,282 | €35,119 | -€17,163 | -32.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.