BRAMOS: what changed
BRAMOS
Largest movements
- Receivables within one year +€83,357
up €83,357 (+282%), from €29,596 to €112,953
of which Trade receivables: +€89,561
- Cash -€30,798
down €30,798 (-32.4%), from €95,079 to €64,281
mainly Receivables within one year (-€83,357) and Investment in fixed assets (net) (-€53,885)
- Intangible fixed assets +€20,298
new in 2025: €20,298
- Tangible fixed assets +€19,737
up €19,737 (+240%), from €8,228 to €27,965
- Stocks and contracts -€14,419
down €14,419 (-92.0%), from €15,669 to €1,250
- Trade debts +€110,082
up €110,082 (+2,765%), from €3,981 to €114,063
- Other debts -€30,590
down €30,590 (-27.3%), from €112,147 to €81,557
- Tax, wage and social debts -€4,522
down €4,522 (-15.6%), from €29,075 to €24,553
of which Taxes: -€4,884
- Accrued charges and deferred income +€4,522
new in 2025: €4,522
- Gross operating margin -€13,269
down €13,269 (-12.3%), from €108,053 to €94,784
- Depreciation +€11,470
up €11,470 (+482%), from €2,380 to €13,850
- Other operating charges -€3,227
down €3,227 (-61.5%), from €5,249 to €2,022
- Taxes -€2,022
down €2,022 (-7.3%), from €27,631 to €25,609
- Financial charges +€1,234
up €1,234 (+116%), from €1,060 to €2,294
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 | €149,239 | €226,747 | +€77,508 | +51.9% |
| Fixed assets | 21/28 | €8,228 | €48,263 | +€40,035 | +487% |
| Intangible fixed assets | 21 | - | €20,298 | +€20,298 | |
| Tangible fixed assets | 22/27 | €8,228 | €27,965 | +€19,737 | +240% |
| Furniture and vehicles | 24 | €8,228 | €27,965 | +€19,737 | +240% |
| Current assets | 29/58 | €141,011 | €178,484 | +€37,473 | +26.6% |
| Stocks and contracts in progress | 3 | €15,669 | €1,250 | -€14,419 | -92.0% |
| Stocks | 30/36 | €15,669 | €1,250 | -€14,419 | -92.0% |
| Amounts receivable within one year | 40/41 | €29,596 | €112,953 | +€83,357 | +282% |
| Trade receivables | 40 | €20,044 | €109,605 | +€89,561 | +447% |
| Other amounts receivable | 41 | €9,552 | €3,348 | -€6,204 | -64.9% |
| Cash at bank and in hand | 54/58 | €95,079 | €64,281 | -€30,798 | -32.4% |
| Deferred charges and accrued income | 490/1 | €667 | - | -€667 | |
| Total equity and liabilities | 10/49 | €149,239 | €226,747 | +€77,508 | +51.9% |
| Equity | 10/15 | €4,036 | €2,052 | -€1,984 | -49.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €52 | +€52 | |
| Distributable reserves | 133 | - | €52 | +€52 | |
| Profit (loss) carried forward | 14 | €2,036 | - | -€2,036 | |
| Amounts payable | 17/49 | €145,203 | €224,695 | +€79,492 | +54.7% |
| Amounts payable within one year | 42/48 | €145,203 | €220,173 | +€74,970 | +51.6% |
| Trade debts | 44 | €3,981 | €114,063 | +€110,082 | +2,765% |
| Suppliers | 440/4 | €3,981 | €114,063 | +€110,082 | +2,765% |
| Taxes, remuneration and social security | 45 | €29,075 | €24,553 | -€4,522 | -15.6% |
| Taxes | 450/3 | €29,075 | €24,191 | -€4,884 | -16.8% |
| Remuneration and social security | 454/9 | - | €362 | +€362 | |
| Other amounts payable | 47/48 | €112,147 | €81,557 | -€30,590 | -27.3% |
| Accrued charges and deferred income | 492/3 | - | €4,522 | +€4,522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,380 | €13,850 | +€11,470 | +482% |
| Other operating charges | 640/8 | €5,249 | €2,022 | -€3,227 | -61.5% |
| Non-recurring operating charges | 66A | €8,636 | - | -€8,636 | |
| Gross operating margin | 9900 | €108,053 | €94,784 | -€13,269 | -12.3% |
| Operating profit (loss) | 9901 | €91,788 | €78,912 | -€12,876 | -14.0% |
| Financial income | 75/76B | €10 | €7 | -€3 | -30.0% |
| Recurring financial income | 75 | €10 | €7 | -€3 | -30.0% |
| Financial charges | 65/66B | €1,060 | €2,294 | +€1,234 | +116% |
| Recurring financial charges | 65 | €1,060 | €2,294 | +€1,234 | +116% |
| Profit (loss) for the period before taxes | 9903 | €90,738 | €76,625 | -€14,113 | -15.6% |
| Income taxes | 67/77 | €27,631 | €25,609 | -€2,022 | -7.3% |
| Profit (loss) for the period | 9904 | €63,107 | €51,016 | -€12,091 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,107 | €51,016 | -€12,091 | -19.2% |
Next steps
Calculation and sources
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 6 November 2026 via checked.be.