BRARO: 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.
BRARO
Largest movements
- Tangible fixed assets -€9,194
down €9,194 (-13.1%), from €70,413 to €61,220
of which Other tangible fixed assets: -€4,837
- Cash +€8,763
up €8,763 (+55.0%), from €15,939 to €24,702
mainly Depreciation (+€18,246) and Tax, wage and social debts (+€8,588)
- Deferred charges and accrued income +€1,110
up €1,110 (+33.8%), from €3,280 to €4,390
- Debts after one year -€10,646
down €10,646 (-54.1%), from €19,673 to €9,027
- Tax, wage and social debts +€8,588
up €8,588 (+53.7%), from €15,979 to €24,567
of which Remuneration and social security: +€6,200
- Trade debts +€3,879
up €3,879 (+12.5%), from €30,927 to €34,806
- Accrued charges and deferred income +€2,834
up €2,834 (+226.9%), from €1,249 to €4,082
- Profit (loss) carried forward -€2,560
down €2,560 (-78.2%), from €3,274 to €714
- Gross operating margin -€9,760
down €9,760 (-8.3%), from €116,951 to €107,191
- Taxes -€2,156
down €2,156 (-76.6%), from €2,815 to €658
- Staff costs +€1,274
up €1,274 (+1.5%), from €86,061 to €87,336
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 | €108,075 | €110,050 | +€1,975 | +1.8% |
| Fixed assets | 21/28 | €70,413 | €61,220 | -€9,194 | -13.1% |
| Tangible fixed assets | 22/27 | €70,413 | €61,220 | -€9,194 | -13.1% |
| Plant, machinery and equipment | 23 | €22,178 | €21,076 | -€1,103 | -5.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €10,753 | €7,498 | -€3,254 | -30.3% |
| Other tangible fixed assets | 26 | €37,482 | €32,646 | -€4,837 | -12.9% |
| Current assets | 29/58 | €37,661 | €48,830 | +€11,169 | +29.7% |
| Stocks and contracts in progress | 3 | €9,867 | €10,236 | +€369 | +3.7% |
| Stocks | 30/36 | €9,867 | €10,236 | +€369 | +3.7% |
| Amounts receivable within one year | 40/41 | €8,575 | €9,502 | +€927 | +10.8% |
| Trade receivables | 40 | €5,391 | €3,226 | -€2,165 | -40.2% |
| Other amounts receivable | 41 | €3,184 | €6,276 | +€3,092 | +97.1% |
| Cash at bank and in hand | 54/58 | €15,939 | €24,702 | +€8,763 | +55.0% |
| Deferred charges and accrued income | 490/1 | €3,280 | €4,390 | +€1,110 | +33.8% |
| Total equity and liabilities | 10/49 | €108,075 | €110,050 | +€1,975 | +1.8% |
| Equity | 10/15 | €24,936 | €22,376 | -€2,560 | -10.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,662 | €1,662 | = | 0.0% |
| Tax-exempt reserves | 132 | €296 | €296 | = | 0.0% |
| Distributable reserves | 133 | €1,366 | €1,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,274 | €714 | -€2,560 | -78.2% |
| Amounts payable | 17/49 | €83,139 | €87,674 | +€4,535 | +5.5% |
| Amounts payable after more than one year | 17 | €19,673 | €9,027 | -€10,646 | -54.1% |
| Financial debts | 170/4 | €19,673 | €9,027 | -€10,646 | -54.1% |
| Amounts payable within one year | 42/48 | €62,218 | €74,565 | +€12,348 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €15,312 | €15,012 | -€300 | -2.0% |
| Trade debts | 44 | €30,927 | €34,806 | +€3,879 | +12.5% |
| Suppliers | 440/4 | €30,927 | €34,806 | +€3,879 | +12.5% |
| Advances received on contracts in progress | 46 | - | €23 | +€23 | |
| Taxes, remuneration and social security | 45 | €15,979 | €24,567 | +€8,588 | +53.7% |
| Taxes | 450/3 | €3,038 | €5,425 | +€2,387 | +78.6% |
| Remuneration and social security | 454/9 | €12,941 | €19,141 | +€6,200 | +47.9% |
| Other amounts payable | 47/48 | - | €158 | +€158 | |
| Accrued charges and deferred income | 492/3 | €1,249 | €4,082 | +€2,834 | +226.9% |
| Remuneration, social security and pensions | 62 | €86,061 | €87,336 | +€1,274 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,134 | €18,246 | +€112 | +0.6% |
| Other operating charges | 640/8 | €2,046 | €1,408 | -€638 | -31.2% |
| Gross operating margin | 9900 | €116,951 | €107,191 | -€9,760 | -8.3% |
| Operating profit (loss) | 9901 | €10,710 | €201 | -€10,509 | -98.1% |
| Financial income | 75/76B | €124 | €0 | -€124 | -99.9% |
| Recurring financial income | 75 | €124 | €0 | -€124 | -99.9% |
| Financial charges | 65/66B | €2,482 | €2,103 | -€380 | -15.3% |
| Recurring financial charges | 65 | €2,482 | €2,103 | -€380 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €8,351 | -€1,902 | -€10,253 | |
| Income taxes | 67/77 | €2,815 | €658 | -€2,156 | -76.6% |
| Profit (loss) for the period | 9904 | €5,536 | -€2,560 | -€8,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,536 | -€2,560 | -€8,097 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.