BRaTco: what changed
Two financial 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.
BRaTco
Largest movements
- Receivables within one year +€44,769
up €44,769 (+51.0%), from €87,832 to €132,601
of which Trade receivables: +€24,150
- Cash +€18,378
up €18,378 (+333%), from €5,524 to €23,903
mainly Net result for the year (+€65,792) and Trade debts (+€6,095)
- Tangible fixed assets +€10,314
up €10,314 (+181%), from €5,691 to €16,005
of which Furniture and vehicles: +€11,152
- Profit (loss) carried forward +€65,792
up €65,792 (+84.0%), from €78,322 to €144,114
- Trade debts +€6,095
up €6,095 (+56.8%), from €10,724 to €16,820
- Turnover +€390,774
up €390,774 (+81.8%), from €477,782 to €868,555
- Purchases and services +€342,268
up €342,268 (+78.1%), from €438,202 to €780,470
- Gross operating margin +€53,930
up €53,930 (+136%), from €39,580 to €93,510
- Taxes +€13,435
up €13,435 (+147%), from €9,138 to €22,574
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.
Derived cash bridge
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 | €99,047 | €172,508 | +€73,461 | +74.2% |
| Fixed assets | 21/28 | €5,691 | €16,005 | +€10,314 | +181% |
| Tangible fixed assets | 22/27 | €5,691 | €16,005 | +€10,314 | +181% |
| Plant, machinery and equipment | 23 | €2,366 | €1,527 | -€838 | -35.4% |
| Furniture and vehicles | 24 | €3,325 | €14,477 | +€11,152 | +335% |
| Current assets | 29/58 | €93,356 | €156,503 | +€63,148 | +67.6% |
| Amounts receivable within one year | 40/41 | €87,832 | €132,601 | +€44,769 | +51.0% |
| Trade receivables | 40 | €79,391 | €103,541 | +€24,150 | +30.4% |
| Other amounts receivable | 41 | €8,441 | €29,060 | +€20,619 | +244% |
| Cash at bank and in hand | 54/58 | €5,524 | €23,903 | +€18,378 | +333% |
| Total equity and liabilities | 10/49 | €99,047 | €172,508 | +€73,461 | +74.2% |
| Equity | 10/15 | €88,322 | €154,114 | +€65,792 | +74.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,322 | €144,114 | +€65,792 | +84.0% |
| Amounts payable | 17/49 | €10,724 | €18,393 | +€7,669 | +71.5% |
| Amounts payable within one year | 42/48 | €10,724 | €18,393 | +€7,669 | +71.5% |
| Trade debts | 44 | €10,724 | €16,820 | +€6,095 | +56.8% |
| Suppliers | 440/4 | €10,724 | €16,820 | +€6,095 | +56.8% |
| Taxes, remuneration and social security | 45 | - | €1,574 | +€1,574 | |
| Taxes | 450/3 | - | €1,574 | +€1,574 | |
| Turnover | 70 | €477,782 | €868,555 | +€390,774 | +81.8% |
| Non-recurring operating income | 76A | - | €5,425 | +€5,425 | |
| Goods, raw materials, services and sundry goods | 60/61 | €438,202 | €780,470 | +€342,268 | +78.1% |
| Remuneration, social security and pensions | 62 | €162 | €223 | +€61 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,613 | €4,412 | +€800 | +22.1% |
| Other operating charges | 640/8 | €573 | €1,386 | +€813 | +142% |
| Gross operating margin | 9900 | €39,580 | €93,510 | +€53,930 | +136% |
| Operating profit (loss) | 9901 | €35,233 | €87,489 | +€52,257 | +148% |
| Financial income | 75/76B | €271 | €1,112 | +€841 | +310% |
| Recurring financial income | 75 | €271 | €1,112 | +€841 | +310% |
| Financial charges | 65/66B | €140 | €235 | +€95 | +68.1% |
| Recurring financial charges | 65 | €140 | €235 | +€95 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €35,364 | €88,366 | +€53,002 | +150% |
| Income taxes | 67/77 | €9,138 | €22,574 | +€13,435 | +147% |
| Profit (loss) for the period | 9904 | €26,225 | €65,792 | +€39,567 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €26,225 | €65,792 | +€39,567 | +151% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.