BRASAMACO: 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.
BRASAMACO
Largest movements
- Receivables within one year +€2,786
up €2,786 (+600.4%), from €464 to €3,250
- Cash -€2,136
down €2,136 (-4.1%), from €51,686 to €49,550
mainly Receivables within one year (-€2,786) and Other debts (-€1,549)
- Accrued charges and deferred income +€2,664
up €2,664 (+8.0%), from €33,496 to €36,160
- Other debts -€1,549
down €1,549 (-2.0%), from €75,756 to €74,207
- Profit (loss) carried forward -€679
down €679 (-0.4%), from -€187,110 to -€187,789
- Gross operating margin -€2,634
down €2,634 (-46.5%), from €5,670 to €3,036
- Depreciation -€1,005
no longer reported in 2025 (was €1,005)
- Other operating charges -€893
down €893 (-55.1%), from €1,622 to €729
- Taxes -€496
down €496 (-68.7%), from €722 to €226
- Financial charges -€202
down €202 (-6.8%), from €2,962 to €2,760
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 | €52,150 | €52,800 | +€650 | +1.2% |
| Current assets | 29/58 | €52,150 | €52,800 | +€650 | +1.2% |
| Amounts receivable within one year | 40/41 | €464 | €3,250 | +€2,786 | +600.4% |
| Other amounts receivable | 41 | €464 | €3,250 | +€2,786 | +600.4% |
| Cash at bank and in hand | 54/58 | €51,686 | €49,550 | -€2,136 | -4.1% |
| Total equity and liabilities | 10/49 | €52,150 | €52,800 | +€650 | +1.2% |
| Equity | 10/15 | -€71,518 | -€72,197 | -€679 | -0.9% |
| Contributions | 10/11 | €113,050 | €113,050 | = | 0.0% |
| Reserves | 13 | €2,542 | €2,542 | = | 0.0% |
| Distributable reserves | 133 | €2,542 | €2,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,110 | -€187,789 | -€679 | -0.4% |
| Amounts payable | 17/49 | €123,668 | €124,997 | +€1,329 | +1.1% |
| Amounts payable within one year | 42/48 | €90,172 | €88,837 | -€1,335 | -1.5% |
| Trade debts | 44 | €14,416 | €14,630 | +€214 | +1.5% |
| Suppliers | 440/4 | €14,416 | €14,630 | +€214 | +1.5% |
| Other amounts payable | 47/48 | €75,756 | €74,207 | -€1,549 | -2.0% |
| Accrued charges and deferred income | 492/3 | €33,496 | €36,160 | +€2,664 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | - | -€1,005 | |
| Other operating charges | 640/8 | €1,622 | €729 | -€893 | -55.1% |
| Gross operating margin | 9900 | €5,670 | €3,036 | -€2,634 | -46.5% |
| Operating profit (loss) | 9901 | €3,043 | €2,307 | -€736 | -24.2% |
| Financial charges | 65/66B | €2,962 | €2,760 | -€202 | -6.8% |
| Recurring financial charges | 65 | €2,962 | €2,760 | -€202 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €81 | -€453 | -€534 | |
| Income taxes | 67/77 | €722 | €226 | -€496 | -68.7% |
| Profit (loss) for the period | 9904 | -€641 | -€679 | -€38 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€641 | -€679 | -€38 | -5.9% |
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 5 October 2026 via checked.be.