Braphinvest: 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.
Braphinvest
Largest movements
- Cash +€98,703
up €98,703 (+126.6%), from €77,950 to €176,653
mainly Other debts (+€165,784) and Net result for the year (+€65,456)
- Financial fixed assets -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Receivables within one year +€10,849
up €10,849 (+112.1%), from €9,680 to €20,529
of which Trade receivables: +€8,470
- Other debts +€165,784
up €165,784 (+8691.7%), from €1,907 to €167,691
- Reserves -€118,300
down €118,300 (-73.2%), from €161,598 to €43,298
- Tax, wage and social debts +€17,060
up €17,060 (+111.4%), from €15,318 to €32,378
of which Taxes: +€17,042
- Trade debts -€6,280
down €6,280 (-82.7%), from €7,594 to €1,315
- Turnover -€12,959
down €12,959 (-8.0%), from €162,959 to €150,000
- Financial income +€3,529
up €3,529, from €0 to €3,529
- Taxes -€2,804
down €2,804 (-11.0%), from €25,424 to €22,620
of which Taxes: -€2,803
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 | €188,918 | €247,182 | +€58,264 | +30.8% |
| Fixed assets | 21/28 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Financial fixed assets | 28 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Affiliated companies | 280/1 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Participating interests | 280 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Current assets | 29/58 | €88,918 | €197,182 | +€108,264 | +121.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,680 | €20,529 | +€10,849 | +112.1% |
| Trade receivables | 40 | €9,680 | €18,150 | +€8,470 | +87.5% |
| Other amounts receivable | 41 | €0 | €2,379 | +€2,379 | |
| Cash at bank and in hand | 54/58 | €77,950 | €176,653 | +€98,703 | +126.6% |
| Deferred charges and accrued income | 490/1 | €1,287 | €0 | -€1,287 | -100.0% |
| Total equity and liabilities | 10/49 | €188,918 | €247,182 | +€58,264 | +30.8% |
| Equity | 10/15 | €164,098 | €45,798 | -€118,300 | -72.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €161,598 | €43,298 | -€118,300 | -73.2% |
| Distributable reserves | 133 | €161,598 | €43,298 | -€118,300 | -73.2% |
| Amounts payable | 17/49 | €24,820 | €201,384 | +€176,564 | +711.4% |
| Amounts payable within one year | 42/48 | €24,820 | €201,384 | +€176,564 | +711.4% |
| Trade debts | 44 | €7,594 | €1,315 | -€6,280 | -82.7% |
| Suppliers | 440/4 | €7,594 | €1,315 | -€6,280 | -82.7% |
| Taxes, remuneration and social security | 45 | €15,318 | €32,378 | +€17,060 | +111.4% |
| Taxes | 450/3 | €12,279 | €29,321 | +€17,042 | +138.8% |
| Remuneration and social security | 454/9 | €3,040 | €3,058 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €1,907 | €167,691 | +€165,784 | +8691.7% |
| Operating income | 70/76A | €163,103 | €150,144 | -€12,959 | -7.9% |
| Turnover | 70 | €162,959 | €150,000 | -€12,959 | -8.0% |
| Other operating income | 74 | €144 | €144 | = | 0.0% |
| Operating charges | 60/66A | €64,642 | €65,043 | +€401 | +0.6% |
| Services and other goods | 61 | €64,416 | €64,415 | -€1 | 0.0% |
| Other operating charges | 640/8 | €226 | €628 | +€402 | +177.8% |
| Operating profit (loss) | 9901 | €98,461 | €85,101 | -€13,359 | -13.6% |
| Financial income | 75/76B | €0 | €3,529 | +€3,529 | |
| Recurring financial income | 75 | €0 | €3,529 | +€3,529 | |
| Income from current assets | 751 | - | €3,528 | +€3,528 | |
| Other financial income | 752/9 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €221 | €554 | +€333 | +150.9% |
| Recurring financial charges | 65 | €221 | €554 | +€333 | +150.9% |
| Debt charges | 650 | €162 | €18 | -€144 | -88.6% |
| Other financial charges | 652/9 | €59 | €536 | +€477 | +807.8% |
| Profit (loss) for the period before taxes | 9903 | €98,240 | €88,076 | -€10,164 | -10.3% |
| Income taxes | 67/77 | €25,424 | €22,620 | -€2,804 | -11.0% |
| Taxes | 670/3 | €25,424 | €22,621 | -€2,803 | -11.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | €72,816 | €65,456 | -€7,360 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,816 | €65,456 | -€7,360 | -10.1% |
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 8 October 2026 via checked.be.