BRATI: what changed
BRATI
Largest movements
- Stocks and contracts -€19,172
down €19,172 (-19.5%), from €98,258 to €79,087
- Cash +€12,269
up €12,269 (+201%), from €6,107 to €18,376
mainly Net result for the year (+€37,303) and Tax, wage and social debts (+€33,261)
- Current investments +€8,388
up €8,388 (+32,236%), from €26 to €8,414
- Tangible fixed assets -€3,816
down €3,816 (-31.6%), from €12,084 to €8,268
of which Furniture and vehicles: -€2,164
- Intangible fixed assets -€2,281
down €2,281 (-37.2%), from €6,139 to €3,858
- Debts after one year -€52,706
down €52,706 (-48.5%), from €108,717 to €56,011
- Profit (loss) carried forward +€37,303
up €37,303 (+25.4%), from -€146,972 to -€109,669
- Tax, wage and social debts +€33,261
up €33,261 (+435%), from €7,648 to €40,909
of which Remuneration and social security: +€29,657
- Trade debts -€20,938
down €20,938 (-41.1%), from €50,902 to €29,964
- Current portion of long-term debt -€4,474
down €4,474 (-2.9%), from €153,893 to €149,419
- Staff costs -€60,486
down €60,486 (-24.2%), from €250,111 to €189,626
- Financial charges +€18,728
up €18,728 (+167%), from €11,193 to €29,920
- Gross operating margin -€10,631
down €10,631 (-3.8%), from €276,756 to €266,125
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 | €201,388 | €196,832 | -€4,556 | -2.3% |
| Fixed assets | 21/28 | €18,222 | €12,126 | -€6,096 | -33.5% |
| Intangible fixed assets | 21 | €6,139 | €3,858 | -€2,281 | -37.2% |
| Tangible fixed assets | 22/27 | €12,084 | €8,268 | -€3,816 | -31.6% |
| Plant, machinery and equipment | 23 | €5,078 | €3,848 | -€1,230 | -24.2% |
| Furniture and vehicles | 24 | €3,962 | €1,798 | -€2,164 | -54.6% |
| Other tangible fixed assets | 26 | €3,043 | €2,622 | -€421 | -13.8% |
| Current assets | 29/58 | €183,166 | €184,706 | +€1,540 | +0.8% |
| Stocks and contracts in progress | 3 | €98,258 | €79,087 | -€19,172 | -19.5% |
| Stocks | 30/36 | €98,258 | €79,087 | -€19,172 | -19.5% |
| Amounts receivable within one year | 40/41 | €76,980 | €76,892 | -€88 | -0.1% |
| Trade receivables | 40 | €65,290 | €75,101 | +€9,812 | +15.0% |
| Other amounts receivable | 41 | €11,690 | €1,790 | -€9,900 | -84.7% |
| Current investments | 50/53 | €26 | €8,414 | +€8,388 | +32,236% |
| Cash at bank and in hand | 54/58 | €6,107 | €18,376 | +€12,269 | +201% |
| Deferred charges and accrued income | 490/1 | €1,794 | €1,938 | +€144 | +8.0% |
| Total equity and liabilities | 10/49 | €201,388 | €196,832 | -€4,556 | -2.3% |
| Equity | 10/15 | -€120,925 | -€83,622 | +€37,303 | +30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,447 | €7,447 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,587 | €5,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,972 | -€109,669 | +€37,303 | +25.4% |
| Amounts payable | 17/49 | €322,313 | €280,454 | -€41,859 | -13.0% |
| Amounts payable after more than one year | 17 | €108,717 | €56,011 | -€52,706 | -48.5% |
| Financial debts | 170/4 | €108,717 | €56,011 | -€52,706 | -48.5% |
| Amounts payable within one year | 42/48 | €213,596 | €224,443 | +€10,847 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €153,893 | €149,419 | -€4,474 | -2.9% |
| Financial debts | 43 | €15 | - | -€15 | |
| Credit institutions | 430/8 | €15 | - | -€15 | |
| Trade debts | 44 | €50,902 | €29,964 | -€20,938 | -41.1% |
| Suppliers | 440/4 | €50,902 | €29,964 | -€20,938 | -41.1% |
| Taxes, remuneration and social security | 45 | €7,648 | €40,909 | +€33,261 | +435% |
| Taxes | 450/3 | €533 | €4,136 | +€3,604 | +677% |
| Remuneration and social security | 454/9 | €7,116 | €36,773 | +€29,657 | +417% |
| Other amounts payable | 47/48 | €1,138 | €4,151 | +€3,013 | +265% |
| Remuneration, social security and pensions | 62 | €250,111 | €189,626 | -€60,486 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,370 | €6,096 | -€274 | -4.3% |
| Other operating charges | 640/8 | €3,776 | €3,031 | -€745 | -19.7% |
| Gross operating margin | 9900 | €276,756 | €266,125 | -€10,631 | -3.8% |
| Operating profit (loss) | 9901 | €16,499 | €67,372 | +€50,873 | +308% |
| Financial income | 75/76B | €263 | €127 | -€135 | -51.5% |
| Recurring financial income | 75 | €263 | €127 | -€135 | -51.5% |
| Financial charges | 65/66B | €11,193 | €29,920 | +€18,728 | +167% |
| Recurring financial charges | 65 | €11,193 | €29,920 | +€18,728 | +167% |
| Profit (loss) for the period before taxes | 9903 | €5,569 | €37,580 | +€32,010 | +575% |
| Income taxes | 67/77 | €271 | €276 | +€6 | +2.0% |
| Profit (loss) for the period | 9904 | €5,298 | €37,303 | +€32,005 | +604% |
| Profit (loss) for the period to be appropriated | 9905 | €5,298 | €37,303 | +€32,005 | +604% |
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.