BRAMCO: 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.
BRAMCO
Largest movements
- Cash -€21,986
down €21,986 (-18.9%), from €116,463 to €94,477
mainly Contributions, distributions and other (-€80,000) and Trade debts (-€18,239)
- Financial fixed assets +€15,000
up €15,000 (+7.1%), from €210,200 to €225,200
- Reserves -€63,746
down €63,746 (-38.9%), from €163,818 to €100,072
- Other debts +€54,288
up €54,288 (+33.2%), from €163,340 to €217,628
- Trade debts -€18,239
down €18,239 (-75.0%), from €24,327 to €6,088
- Tax, wage and social debts +€15,906
up €15,906 (+86.4%), from €18,400 to €34,306
of which Remuneration and social security: +€25,328
- Gross operating margin +€139,973
up €139,973, from -€3,820 to €136,154
- Staff costs +€113,937
new in 2025: €113,937
- Financial income -€66,868
down €66,868 (-100.0%), from €66,868 to €0
- Financial charges +€1,654
up €1,654 (+179.2%), from €923 to €2,577
of which Financial charges: +€1,654
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 | €393,453 | €386,541 | -€6,913 | -1.8% |
| Fixed assets | 21/28 | €217,653 | €230,633 | +€12,981 | +6.0% |
| Tangible fixed assets | 22/27 | €7,453 | €5,433 | -€2,019 | -27.1% |
| Plant, machinery and equipment | 23 | €5,651 | €4,433 | -€1,219 | -21.6% |
| Furniture and vehicles | 24 | €1,801 | €1,001 | -€801 | -44.4% |
| Financial fixed assets | 28 | €210,200 | €225,200 | +€15,000 | +7.1% |
| Current assets | 29/58 | €175,801 | €155,907 | -€19,893 | -11.3% |
| Amounts receivable within one year | 40/41 | €59,338 | €61,045 | +€1,707 | +2.9% |
| Trade receivables | 40 | €48,574 | €51,203 | +€2,629 | +5.4% |
| Other amounts receivable | 41 | €10,764 | €9,842 | -€922 | -8.6% |
| Cash at bank and in hand | 54/58 | €116,463 | €94,477 | -€21,986 | -18.9% |
| Deferred charges and accrued income | 490/1 | - | €386 | +€386 | |
| Total equity and liabilities | 10/49 | €393,453 | €386,541 | -€6,913 | -1.8% |
| Equity | 10/15 | €166,818 | €103,072 | -€63,746 | -38.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €163,818 | €100,072 | -€63,746 | -38.9% |
| Distributable reserves | 133 | €163,818 | €100,072 | -€63,746 | -38.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €226,635 | €283,468 | +€56,833 | +25.1% |
| Amounts payable within one year | 42/48 | €225,957 | €279,722 | +€53,764 | +23.8% |
| Trade debts | 44 | €24,327 | €6,088 | -€18,239 | -75.0% |
| Suppliers | 440/4 | €24,327 | €6,088 | -€18,239 | -75.0% |
| Advances received on contracts in progress | 46 | €19,890 | €21,700 | +€1,810 | +9.1% |
| Taxes, remuneration and social security | 45 | €18,400 | €34,306 | +€15,906 | +86.4% |
| Taxes | 450/3 | €15,400 | €5,978 | -€9,422 | -61.2% |
| Remuneration and social security | 454/9 | €3,000 | €28,328 | +€25,328 | +844.3% |
| Other amounts payable | 47/48 | €163,340 | €217,628 | +€54,288 | +33.2% |
| Accrued charges and deferred income | 492/3 | €678 | €3,747 | +€3,069 | +452.7% |
| Remuneration, social security and pensions | 62 | - | €113,937 | +€113,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,043 | €2,019 | +€976 | +93.6% |
| Other operating charges | 640/8 | €272 | €1,125 | +€852 | +313.1% |
| Gross operating margin | 9900 | -€3,820 | €136,154 | +€139,973 | |
| Operating profit (loss) | 9901 | -€5,135 | €19,073 | +€24,208 | |
| Financial income | 75/76B | €66,868 | €0 | -€66,868 | -100.0% |
| Recurring financial income | 75 | €66,868 | €0 | -€66,868 | -100.0% |
| Financial charges | 65/66B | €923 | €2,577 | +€1,654 | +179.2% |
| Recurring financial charges | 65 | €923 | €2,577 | +€1,654 | +179.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €60,810 | €16,496 | -€44,314 | -72.9% |
| Income taxes | 67/77 | €283 | €242 | -€41 | -14.5% |
| Profit (loss) for the period | 9904 | €60,527 | €16,254 | -€44,273 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,527 | €16,254 | -€44,273 | -73.1% |
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 9 October 2026 via checked.be.