BRAMTRANS: 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.
BRAMTRANS
Largest movements
- Cash -€38,880
down €38,880 (-51.7%), from €75,171 to €36,290
mainly Advances received (-€34,104) and Current investments (-€20,000)
- Current investments +€20,000
up €20,000 (+57.1%), from €35,000 to €55,000
- Tangible fixed assets -€11,159
down €11,159 (-32.1%), from €34,716 to €23,557
of which Other tangible fixed assets: -€11,346
- Advances received -€34,104
down €34,104 (-97.4%), from €35,000 to €896
- Reserves +€14,988
up €14,988 (+15.2%), from €98,347 to €113,335
- Current portion of long-term debt -€8,547
down €8,547 (-58.0%), from €14,745 to €6,197
- Debts after one year -€6,197
down €6,197 (-100.0%), from €6,197 to €0
- Tax, wage and social debts +€1,920
up €1,920 (+34.1%), from €5,631 to €7,550
of which Taxes: +€3,520
- Gross operating margin +€11,259
up €11,259 (+27.1%), from €41,573 to €52,832
- Depreciation +€4,510
up €4,510 (+17.4%), from €25,985 to €30,495
- Taxes +€1,006
up €1,006 (+18.6%), from €5,412 to €6,418
- Financial income -€601
down €601 (-51.6%), from €1,163 to €563
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 | €162,727 | €131,007 | -€31,720 | -19.5% |
| Fixed assets | 21/28 | €34,716 | €23,557 | -€11,159 | -32.1% |
| Tangible fixed assets | 22/27 | €34,716 | €23,557 | -€11,159 | -32.1% |
| Furniture and vehicles | 24 | €14,639 | €14,826 | +€188 | +1.3% |
| Other tangible fixed assets | 26 | €20,077 | €8,731 | -€11,346 | -56.5% |
| Current assets | 29/58 | €128,011 | €107,450 | -€20,561 | -16.1% |
| Amounts receivable within one year | 40/41 | €17,153 | €16,159 | -€994 | -5.8% |
| Trade receivables | 40 | €16,086 | €16,024 | -€61 | -0.4% |
| Other amounts receivable | 41 | €1,068 | €135 | -€933 | -87.4% |
| Current investments | 50/53 | €35,000 | €55,000 | +€20,000 | +57.1% |
| Cash at bank and in hand | 54/58 | €75,171 | €36,290 | -€38,880 | -51.7% |
| Deferred charges and accrued income | 490/1 | €687 | €0 | -€687 | -100.0% |
| Total equity and liabilities | 10/49 | €162,727 | €131,007 | -€31,720 | -19.5% |
| Equity | 10/15 | €98,847 | €113,835 | +€14,988 | +15.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €98,347 | €113,335 | +€14,988 | +15.2% |
| Distributable reserves | 133 | €98,347 | €113,335 | +€14,988 | +15.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €63,880 | €17,171 | -€46,709 | -73.1% |
| Amounts payable after more than one year | 17 | €6,197 | €0 | -€6,197 | -100.0% |
| Financial debts | 170/4 | €6,197 | €0 | -€6,197 | -100.0% |
| Amounts payable within one year | 42/48 | €56,736 | €17,171 | -€39,565 | -69.7% |
| Current portion of amounts payable after more than one year | 42 | €14,745 | €6,197 | -€8,547 | -58.0% |
| Trade debts | 44 | €929 | €1,055 | +€126 | +13.5% |
| Suppliers | 440/4 | €929 | €1,055 | +€126 | +13.5% |
| Advances received on contracts in progress | 46 | €35,000 | €896 | -€34,104 | -97.4% |
| Taxes, remuneration and social security | 45 | €5,631 | €7,550 | +€1,920 | +34.1% |
| Taxes | 450/3 | €4,031 | €7,550 | +€3,520 | +87.3% |
| Remuneration and social security | 454/9 | €1,600 | €0 | -€1,600 | -100.0% |
| Other amounts payable | 47/48 | €432 | €1,472 | +€1,041 | +241.1% |
| Accrued charges and deferred income | 492/3 | €946 | €0 | -€946 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,985 | €30,495 | +€4,510 | +17.4% |
| Other operating charges | 640/8 | €1,012 | €1,038 | +€26 | +2.5% |
| Gross operating margin | 9900 | €41,573 | €52,832 | +€11,259 | +27.1% |
| Operating profit (loss) | 9901 | €14,575 | €21,299 | +€6,723 | +46.1% |
| Financial income | 75/76B | €1,163 | €563 | -€601 | -51.6% |
| Recurring financial income | 75 | €1,163 | €563 | -€601 | -51.6% |
| Financial charges | 65/66B | €643 | €455 | -€188 | -29.2% |
| Recurring financial charges | 65 | €643 | €455 | -€188 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €15,096 | €21,406 | +€6,311 | +41.8% |
| Income taxes | 67/77 | €5,412 | €6,418 | +€1,006 | +18.6% |
| Profit (loss) for the period | 9904 | €9,683 | €14,988 | +€5,305 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,683 | €14,988 | +€5,305 | +54.8% |
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 3 October 2026 via checked.be.