Bramham Consult: 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.
Bramham Consult
Largest movements
- Financial fixed assets +€471,539
up €471,539 (+35.6%), from €1.3m to €1.8m
- Cash +€143,342
up €143,342 (+19.5%), from €734,057 to €877,399
mainly Net result for the year (+€893,918) and Current portion of long-term debt (+€185,865)
- Tangible fixed assets +€118,403
up €118,403 (+165.2%), from €71,664 to €190,067
of which Furniture and vehicles: +€90,718
- Receivables within one year -€44,718
down €44,718 (-65.5%), from €68,255 to €23,537
of which Trade receivables: -€48,832
- Reserves +€2.3m
up €2.3m (+1078.9%), from €210,500 to €2.5m
of which Distributable reserves: +€2.3m
- Profit (loss) carried forward -€1.5m
down €1.5m (-100.0%), from €1.5m to €0
- Debts after one year -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Current portion of long-term debt +€185,865
up €185,865 (+1315.0%), from €14,135 to €200,000
- Other debts -€61,959
down €61,959 (-34.5%), from €179,691 to €117,732
- Financial income +€202,633
up €202,633 (+56.7%), from €357,574 to €560,207
- Gross operating margin -€9,077
down €9,077 (-1.8%), from €507,249 to €498,173
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 | €2,217,148 | €2,916,425 | +€699,277 | +31.5% |
| Fixed assets | 21/28 | €1,395,803 | €1,985,745 | +€589,942 | +42.3% |
| Tangible fixed assets | 22/27 | €71,664 | €190,067 | +€118,403 | +165.2% |
| Plant, machinery and equipment | 23 | €2,060 | €1,481 | -€579 | -28.1% |
| Furniture and vehicles | 24 | €27,933 | €118,651 | +€90,718 | +324.8% |
| Other tangible fixed assets | 26 | €41,672 | €69,936 | +€28,263 | +67.8% |
| Financial fixed assets | 28 | €1,324,139 | €1,795,678 | +€471,539 | +35.6% |
| Current assets | 29/58 | €821,345 | €930,680 | +€109,334 | +13.3% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,255 | €23,537 | -€44,718 | -65.5% |
| Trade receivables | 40 | €48,832 | €0 | -€48,832 | -100.0% |
| Other amounts receivable | 41 | €19,423 | €23,537 | +€4,114 | +21.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €734,057 | €877,399 | +€143,342 | +19.5% |
| Deferred charges and accrued income | 490/1 | €4,034 | €14,744 | +€10,710 | +265.5% |
| Total equity and liabilities | 10/49 | €2,217,148 | €2,916,425 | +€699,277 | +31.5% |
| Equity | 10/15 | €1,676,801 | €2,482,483 | +€805,683 | +48.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €210,500 | €2,481,483 | +€2.3m | +1078.9% |
| Tax-exempt reserves | 132 | €210,500 | €210,500 | = | 0.0% |
| Distributable reserves | 133 | - | €2,270,983 | +€2.3m | |
| Profit (loss) carried forward | 14 | €1,465,301 | €0 | -€1.5m | -100.0% |
| Amounts payable | 17/49 | €540,348 | €433,942 | -€106,406 | -19.7% |
| Amounts payable after more than one year | 17 | €200,000 | €0 | -€200,000 | -100.0% |
| Financial debts | 170/4 | €200,000 | €0 | -€200,000 | -100.0% |
| Amounts payable within one year | 42/48 | €318,549 | €400,282 | +€81,733 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €14,135 | €200,000 | +€185,865 | +1315.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €92,057 | €32,613 | -€59,444 | -64.6% |
| Suppliers | 440/4 | €92,057 | €32,613 | -€59,444 | -64.6% |
| Taxes, remuneration and social security | 45 | €32,665 | €49,936 | +€17,271 | +52.9% |
| Taxes | 450/3 | €29,240 | €46,478 | +€17,238 | +59.0% |
| Remuneration and social security | 454/9 | €3,425 | €3,459 | +€34 | +1.0% |
| Other amounts payable | 47/48 | €179,691 | €117,732 | -€61,959 | -34.5% |
| Accrued charges and deferred income | 492/3 | €21,799 | €33,660 | +€11,861 | +54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,262 | €20,577 | +€1,315 | +6.8% |
| Other operating charges | 640/8 | €2,275 | €1,152 | -€1,123 | -49.4% |
| Non-recurring operating charges | 66A | - | €13,125 | +€13,125 | |
| Gross operating margin | 9900 | €507,249 | €498,173 | -€9,077 | -1.8% |
| Operating profit (loss) | 9901 | €485,712 | €463,318 | -€22,394 | -4.6% |
| Financial income | 75/76B | €357,574 | €560,207 | +€202,633 | +56.7% |
| Recurring financial income | 75 | €357,574 | €560,207 | +€202,633 | +56.7% |
| Financial charges | 65/66B | €11,361 | €12,247 | +€887 | +7.8% |
| Recurring financial charges | 65 | €11,361 | €12,247 | +€887 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €831,925 | €1,011,277 | +€179,352 | +21.6% |
| Income taxes | 67/77 | €121,885 | €117,359 | -€4,526 | -3.7% |
| Profit (loss) for the period | 9904 | €710,040 | €893,918 | +€183,879 | +25.9% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €710,040 | €893,918 | +€183,879 | +25.9% |
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.