BraSMan: 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.
BraSMan
Largest movements
- Cash +€26,254
up €26,254 (+43.8%), from €59,995 to €86,249
mainly Net result for the year (+€64,834) and Other debts (+€53,605)
- Tangible fixed assets -€17,200
down €17,200 (-5.4%), from €319,628 to €302,428
of which Furniture and vehicles: -€18,294
- Other debts +€53,605
up €53,605 (+18.5%), from €289,453 to €343,058
- Profit (loss) carried forward -€33,638
no longer reported in 2025 (was €33,638)
- Debts after one year -€13,768
down €13,768 (-54.3%), from €25,354 to €11,586
- Tax, wage and social debts +€7,760
up €7,760 (+59.2%), from €13,098 to €20,857
of which Taxes: +€9,964
- Gross operating margin -€122,553
down €122,553 (-53.4%), from €229,567 to €107,014
- Depreciation -€38,667
down €38,667 (-66.4%), from €58,205 to €19,537
- Taxes -€19,421
down €19,421 (-51.0%), from €38,093 to €18,672
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 | €398,642 | €411,465 | +€12,823 | +3.2% |
| Fixed assets | 21/28 | €319,628 | €302,428 | -€17,200 | -5.4% |
| Tangible fixed assets | 22/27 | €319,628 | €302,428 | -€17,200 | -5.4% |
| Land and buildings | 22 | €267,300 | €267,300 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €1,093 | +€1,093 | |
| Furniture and vehicles | 24 | €52,328 | €34,034 | -€18,294 | -35.0% |
| Current assets | 29/58 | €79,014 | €109,038 | +€30,024 | +38.0% |
| Amounts receivable within one year | 40/41 | €16,528 | €19,652 | +€3,124 | +18.9% |
| Trade receivables | 40 | €16,491 | €19,642 | +€3,150 | +19.1% |
| Other amounts receivable | 41 | €37 | €11 | -€26 | -71.3% |
| Cash at bank and in hand | 54/58 | €59,995 | €86,249 | +€26,254 | +43.8% |
| Deferred charges and accrued income | 490/1 | €2,490 | €3,137 | +€646 | +25.9% |
| Total equity and liabilities | 10/49 | €398,642 | €411,465 | +€12,823 | +3.2% |
| Equity | 10/15 | €54,098 | €20,460 | -€33,638 | -62.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,638 | - | -€33,638 | |
| Amounts payable | 17/49 | €344,544 | €391,005 | +€46,461 | +13.5% |
| Amounts payable after more than one year | 17 | €25,354 | €11,586 | -€13,768 | -54.3% |
| Financial debts | 170/4 | €25,354 | €11,586 | -€13,768 | -54.3% |
| Amounts payable within one year | 42/48 | €318,441 | €378,665 | +€60,225 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €13,623 | €13,768 | +€146 | +1.1% |
| Trade debts | 44 | €2,267 | €981 | -€1,286 | -56.7% |
| Suppliers | 440/4 | €2,267 | €981 | -€1,286 | -56.7% |
| Taxes, remuneration and social security | 45 | €13,098 | €20,857 | +€7,760 | +59.2% |
| Taxes | 450/3 | €8,500 | €18,464 | +€9,964 | +117.2% |
| Remuneration and social security | 454/9 | €4,598 | €2,393 | -€2,205 | -47.9% |
| Other amounts payable | 47/48 | €289,453 | €343,058 | +€53,605 | +18.5% |
| Accrued charges and deferred income | 492/3 | €749 | €754 | +€5 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,205 | €19,537 | -€38,667 | -66.4% |
| Other operating charges | 640/8 | €2,553 | €3,326 | +€773 | +30.3% |
| Gross operating margin | 9900 | €229,567 | €107,014 | -€122,553 | -53.4% |
| Operating profit (loss) | 9901 | €168,810 | €84,151 | -€84,659 | -50.2% |
| Financial income | 75/76B | €131 | - | -€131 | |
| Recurring financial income | 75 | €131 | - | -€131 | |
| Financial charges | 65/66B | €770 | €645 | -€125 | -16.2% |
| Recurring financial charges | 65 | €770 | €645 | -€125 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €168,171 | €83,506 | -€84,665 | -50.3% |
| Income taxes | 67/77 | €38,093 | €18,672 | -€19,421 | -51.0% |
| Profit (loss) for the period | 9904 | €130,078 | €64,834 | -€65,244 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €130,078 | €64,834 | -€65,244 | -50.2% |
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 7 October 2026 via checked.be.