BRAS CONSTRUCT: 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.
BRAS CONSTRUCT
Largest movements
- Receivables within one year -€10,533
down €10,533 (-10.6%), from €98,909 to €88,376
of which Trade receivables: -€12,796
- Tangible fixed assets -€5,483
down €5,483 (-33.6%), from €16,318 to €10,835
of which Furniture and vehicles: -€4,802
- Cash -€4,893
down €4,893 (-11.4%), from €42,870 to €37,977
mainly Trade debts (-€10,911) and Other debts (-€8,720)
- Trade debts -€10,911
down €10,911 (-89.1%), from €12,245 to €1,334
- Other debts -€8,720
down €8,720 (-61.7%), from €14,127 to €5,407
- Tax, wage and social debts -€6,256
down €6,256 (-78.4%), from €7,982 to €1,726
of which Remuneration and social security: -€6,610
- Profit (loss) carried forward +€4,156
up €4,156 (+4.1%), from €102,366 to €106,523
- Turnover -€146,505
down €146,505 (-53.9%), from €271,588 to €125,082
- Gross operating margin -€56,573
down €56,573 (-85.5%), from €66,134 to €9,561
- Staff costs -€54,341
no longer reported in 2025 (was €54,341)
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 | €159,981 | €138,250 | -€21,731 | -13.6% |
| Fixed assets | 21/28 | €16,318 | €10,835 | -€5,483 | -33.6% |
| Tangible fixed assets | 22/27 | €16,318 | €10,835 | -€5,483 | -33.6% |
| Plant, machinery and equipment | 23 | €1,512 | €830 | -€681 | -45.1% |
| Furniture and vehicles | 24 | €14,806 | €10,005 | -€4,802 | -32.4% |
| Current assets | 29/58 | €143,663 | €127,415 | -€16,248 | -11.3% |
| Amounts receivable within one year | 40/41 | €98,909 | €88,376 | -€10,533 | -10.6% |
| Trade receivables | 40 | €21,819 | €9,023 | -€12,796 | -58.6% |
| Other amounts receivable | 41 | €77,090 | €79,353 | +€2,263 | +2.9% |
| Cash at bank and in hand | 54/58 | €42,870 | €37,977 | -€4,893 | -11.4% |
| Deferred charges and accrued income | 490/1 | €1,884 | €1,062 | -€822 | -43.6% |
| Total equity and liabilities | 10/49 | €159,981 | €138,250 | -€21,731 | -13.6% |
| Equity | 10/15 | €125,626 | €129,783 | +€4,156 | +3.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Distributable reserves | 133 | €10,860 | €10,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,366 | €106,523 | +€4,156 | +4.1% |
| Amounts payable | 17/49 | €34,355 | €8,467 | -€25,887 | -75.4% |
| Amounts payable within one year | 42/48 | €34,355 | €8,467 | -€25,887 | -75.4% |
| Trade debts | 44 | €12,245 | €1,334 | -€10,911 | -89.1% |
| Suppliers | 440/4 | €12,245 | €1,334 | -€10,911 | -89.1% |
| Taxes, remuneration and social security | 45 | €7,982 | €1,726 | -€6,256 | -78.4% |
| Taxes | 450/3 | €360 | €713 | +€354 | +98.4% |
| Remuneration and social security | 454/9 | €7,623 | €1,013 | -€6,610 | -86.7% |
| Other amounts payable | 47/48 | €14,127 | €5,407 | -€8,720 | -61.7% |
| Turnover | 70 | €271,588 | €125,082 | -€146,505 | -53.9% |
| Remuneration, social security and pensions | 62 | €54,341 | - | -€54,341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,226 | €6,606 | +€380 | +6.1% |
| Other operating charges | 640/8 | €786 | €706 | -€80 | -10.2% |
| Gross operating margin | 9900 | €66,134 | €9,561 | -€56,573 | -85.5% |
| Operating profit (loss) | 9901 | €4,781 | €2,249 | -€2,531 | -52.9% |
| Financial income | 75/76B | €3,786 | €4,337 | +€550 | +14.5% |
| Recurring financial income | 75 | €3,786 | €4,337 | +€550 | +14.5% |
| Financial charges | 65/66B | €354 | €1,116 | +€762 | +215.1% |
| Recurring financial charges | 65 | €354 | €165 | -€189 | -53.4% |
| Non-recurring financial charges | 66B | - | €951 | +€951 | |
| Profit (loss) for the period before taxes | 9903 | €8,213 | €5,470 | -€2,743 | -33.4% |
| Income taxes | 67/77 | €2,157 | €1,314 | -€843 | -39.1% |
| Profit (loss) for the period | 9904 | €6,056 | €4,156 | -€1,900 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,056 | €4,156 | -€1,900 | -31.4% |
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 30 September 2026 via checked.be.