BRASFORT: what changed
BRASFORT
Largest movements
- Receivables within one year -€58,993
down €58,993 (-52.5%), from €112,277 to €53,283
of which Trade receivables: -€57,303
- Cash +€12,731
up €12,731 (+176%), from €7,237 to €19,968
mainly Receivables within one year (+€58,993) and Tax, wage and social debts (+€9,758)
- Trade debts -€54,574
down €54,574 (-90.6%), from €60,220 to €5,646
- Tax, wage and social debts +€9,758
new in 2025: €9,758
of which Remuneration and social security: +€9,173
- Profit (loss) carried forward -€6,492
down €6,492 (-18.9%), from €34,420 to €27,928
- Other debts +€5,800
new in 2025: €5,800
- Taxes +€3,874
new in 2025: €3,874
- Financial charges -€1,996
down €1,996 (-28.6%), from €6,989 to €4,992
- Gross operating margin +€1,979
up €1,979 (+52.6%), from €3,762 to €5,741
- Financial income -€1,414
down €1,414 (-36.7%), from €3,848 to €2,434
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,802 | €74,232 | -€45,570 | -38.0% |
| Current assets | 29/58 | €119,802 | €74,232 | -€45,570 | -38.0% |
| Amounts receivable within one year | 40/41 | €112,277 | €53,283 | -€58,993 | -52.5% |
| Trade receivables | 40 | €64,310 | €7,007 | -€57,303 | -89.1% |
| Other amounts receivable | 41 | €47,966 | €46,276 | -€1,690 | -3.5% |
| Cash at bank and in hand | 54/58 | €7,237 | €19,968 | +€12,731 | +176% |
| Deferred charges and accrued income | 490/1 | €288 | €980 | +€692 | +240% |
| Total equity and liabilities | 10/49 | €119,802 | €74,232 | -€45,570 | -38.0% |
| Equity | 10/15 | €59,520 | €53,028 | -€6,492 | -10.9% |
| Contributions | 10/11 | €25,100 | €25,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,420 | €27,928 | -€6,492 | -18.9% |
| Amounts payable | 17/49 | €60,282 | €21,204 | -€39,078 | -64.8% |
| Amounts payable within one year | 42/48 | €60,220 | €21,204 | -€39,016 | -64.8% |
| Trade debts | 44 | €60,220 | €5,646 | -€54,574 | -90.6% |
| Suppliers | 440/4 | €60,220 | €5,646 | -€54,574 | -90.6% |
| Taxes, remuneration and social security | 45 | - | €9,758 | +€9,758 | |
| Taxes | 450/3 | - | €585 | +€585 | |
| Remuneration and social security | 454/9 | - | €9,173 | +€9,173 | |
| Other amounts payable | 47/48 | - | €5,800 | +€5,800 | |
| Accrued charges and deferred income | 492/3 | €62 | - | -€62 | |
| Gross operating margin | 9900 | €3,762 | €5,741 | +€1,979 | +52.6% |
| Operating profit (loss) | 9901 | €3,762 | €5,741 | +€1,979 | +52.6% |
| Financial income | 75/76B | €3,848 | €2,434 | -€1,414 | -36.7% |
| Recurring financial income | 75 | €3,848 | €2,434 | -€1,414 | -36.7% |
| Financial charges | 65/66B | €6,989 | €4,992 | -€1,996 | -28.6% |
| Recurring financial charges | 65 | €6,989 | €4,992 | -€1,996 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €622 | €3,182 | +€2,561 | +412% |
| Income taxes | 67/77 | - | €3,874 | +€3,874 | |
| Profit (loss) for the period | 9904 | €622 | -€692 | -€1,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €622 | -€692 | -€1,314 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.