Brammer: 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.
Brammer
Largest movements
- Receivables within one year -€18,715
down €18,715 (-39.9%), from €46,884 to €28,169
of which Trade receivables: -€14,684
- Tangible fixed assets -€3,987
down €3,987 (-41.5%), from €9,615 to €5,628
of which Plant, machinery and equipment: -€4,462
- Trade debts -€12,665
down €12,665 (-81.4%), from €15,555 to €2,890
- Debts after one year -€10,296
down €10,296 (-74.8%), from €13,769 to €3,473
- Reserves -€1,588
down €1,588 (-2.6%), from €60,018 to €58,429
- Tax, wage and social debts +€1,137
up €1,137 (+16.6%), from €6,865 to €8,002
- Gross operating margin -€17,319
down €17,319 (-62.6%), from €27,671 to €10,352
- Depreciation -€3,014
down €3,014 (-32.4%), from €9,305 to €6,291
- Taxes -€2,886
down €2,886 (-84.2%), from €3,428 to €542
- Other operating charges +€1,317
up €1,317 (+139.4%), from €945 to €2,262
- Financial charges -€994
down €994 (-25.6%), from €3,877 to €2,884
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 | €111,323 | €88,091 | -€23,232 | -20.9% |
| Fixed assets | 21/28 | €9,615 | €5,628 | -€3,987 | -41.5% |
| Tangible fixed assets | 22/27 | €9,615 | €5,628 | -€3,987 | -41.5% |
| Plant, machinery and equipment | 23 | €7,337 | €2,875 | -€4,462 | -60.8% |
| Furniture and vehicles | 24 | €2,278 | €2,753 | +€475 | +20.8% |
| Current assets | 29/58 | €101,708 | €82,463 | -€19,245 | -18.9% |
| Amounts receivable within one year | 40/41 | €46,884 | €28,169 | -€18,715 | -39.9% |
| Trade receivables | 40 | €22,478 | €7,794 | -€14,684 | -65.3% |
| Other amounts receivable | 41 | €24,406 | €20,374 | -€4,031 | -16.5% |
| Cash at bank and in hand | 54/58 | €54,500 | €53,613 | -€887 | -1.6% |
| Deferred charges and accrued income | 490/1 | €324 | €681 | +€357 | +110.3% |
| Total equity and liabilities | 10/49 | €111,323 | €88,091 | -€23,232 | -20.9% |
| Equity | 10/15 | €65,018 | €63,429 | -€1,588 | -2.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,018 | €58,429 | -€1,588 | -2.6% |
| Distributable reserves | 133 | €60,018 | €58,429 | -€1,588 | -2.6% |
| Amounts payable | 17/49 | €46,305 | €24,662 | -€21,644 | -46.7% |
| Amounts payable after more than one year | 17 | €13,769 | €3,473 | -€10,296 | -74.8% |
| Financial debts | 170/4 | €13,769 | €3,473 | -€10,296 | -74.8% |
| Amounts payable within one year | 42/48 | €32,536 | €21,189 | -€11,347 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €10,116 | €10,296 | +€181 | +1.8% |
| Trade debts | 44 | €15,555 | €2,890 | -€12,665 | -81.4% |
| Suppliers | 440/4 | €15,555 | €2,890 | -€12,665 | -81.4% |
| Taxes, remuneration and social security | 45 | €6,865 | €8,002 | +€1,137 | +16.6% |
| Taxes | 450/3 | €6,865 | €8,002 | +€1,137 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,305 | €6,291 | -€3,014 | -32.4% |
| Other operating charges | 640/8 | €945 | €2,262 | +€1,317 | +139.4% |
| Gross operating margin | 9900 | €27,671 | €10,352 | -€17,319 | -62.6% |
| Operating profit (loss) | 9901 | €17,422 | €1,799 | -€15,623 | -89.7% |
| Financial income | 75/76B | €10 | €39 | +€28 | +272.2% |
| Recurring financial income | 75 | €10 | €39 | +€28 | +272.2% |
| Financial charges | 65/66B | €3,877 | €2,884 | -€994 | -25.6% |
| Recurring financial charges | 65 | €3,877 | €2,884 | -€994 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €13,555 | -€1,046 | -€14,601 | |
| Income taxes | 67/77 | €3,428 | €542 | -€2,886 | -84.2% |
| Profit (loss) for the period | 9904 | €10,127 | -€1,588 | -€11,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,127 | -€1,588 | -€11,715 |
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 4 October 2026 via checked.be.