Bramo: 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.
Bramo
Largest movements
- Tangible fixed assets +€52,589
up €52,589 (+1452.1%), from €3,622 to €56,211
- Cash -€37,733
down €37,733 (-36.5%), from €103,386 to €65,654
mainly Investment in fixed assets (net) (-€64,064) and Contributions, distributions and other (-€20,882)
- Other debts +€14,665
up €14,665 (+29.4%), from €49,871 to €64,536
- Gross operating margin -€8,916
down €8,916 (-21.3%), from €41,922 to €33,006
- Depreciation +€8,737
up €8,737 (+319.1%), from €2,738 to €11,475
- Financial income +€6,198
new in 2025: €6,198
of which Non-recurring financial income: +€6,198
- Taxes -€1,412
down €1,412 (-18.4%), from €7,659 to €6,247
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 | €116,864 | €131,898 | +€15,033 | +12.9% |
| Fixed assets | 21/28 | €3,622 | €56,211 | +€52,589 | +1452.1% |
| Tangible fixed assets | 22/27 | €3,622 | €56,211 | +€52,589 | +1452.1% |
| Furniture and vehicles | 24 | €3,622 | €56,211 | +€52,589 | +1452.1% |
| Current assets | 29/58 | €113,243 | €75,687 | -€37,556 | -33.2% |
| Amounts receivable within one year | 40/41 | €9,856 | €9,068 | -€788 | -8.0% |
| Trade receivables | 40 | €9,156 | €7,500 | -€1,656 | -18.1% |
| Other amounts receivable | 41 | €700 | €1,568 | +€868 | +124.0% |
| Cash at bank and in hand | 54/58 | €103,386 | €65,654 | -€37,733 | -36.5% |
| Deferred charges and accrued income | 490/1 | - | €965 | +€965 | |
| Total equity and liabilities | 10/49 | €116,864 | €131,898 | +€15,033 | +12.9% |
| Equity | 10/15 | €63,682 | €63,682 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,682 | €60,682 | = | 0.0% |
| Distributable reserves | 133 | €60,682 | €60,682 | = | 0.0% |
| Amounts payable | 17/49 | €53,183 | €68,216 | +€15,033 | +28.3% |
| Amounts payable within one year | 42/48 | €53,183 | €68,216 | +€15,033 | +28.3% |
| Trade debts | 44 | - | €381 | +€381 | |
| Suppliers | 440/4 | - | €381 | +€381 | |
| Taxes, remuneration and social security | 45 | €3,312 | €3,299 | -€13 | -0.4% |
| Taxes | 450/3 | €1,136 | €1,161 | +€25 | +2.2% |
| Remuneration and social security | 454/9 | €2,176 | €2,138 | -€38 | -1.7% |
| Other amounts payable | 47/48 | €49,871 | €64,536 | +€14,665 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,738 | €11,475 | +€8,737 | +319.1% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €41,922 | €33,006 | -€8,916 | -21.3% |
| Operating profit (loss) | 9901 | €38,656 | €20,987 | -€17,669 | -45.7% |
| Financial income | 75/76B | - | €6,198 | +€6,198 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €6,198 | +€6,198 | |
| Financial charges | 65/66B | €62 | €56 | -€6 | -9.1% |
| Recurring financial charges | 65 | €62 | €56 | -€6 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €38,594 | €27,129 | -€11,465 | -29.7% |
| Income taxes | 67/77 | €7,659 | €6,247 | -€1,412 | -18.4% |
| Profit (loss) for the period | 9904 | €30,935 | €20,882 | -€10,053 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,935 | €20,882 | -€10,053 | -32.5% |
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 9 October 2026 via checked.be.