BRATOM: 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.
BRATOM
Largest movements
- Tangible fixed assets -€25,719
down €25,719 (-6.4%), from €400,390 to €374,670
of which Land and buildings: -€24,966
- Receivables within one year +€13,227
up €13,227 (+862.8%), from €1,533 to €14,760
of which Other amounts receivable: +€13,207
- Cash -€4,832
down €4,832 (-100.0%), from €4,835 to €2
mainly Debts after one year (-€25,333) and Net result for the year (-€18,987)
- Debts after one year -€25,333
down €25,333 (-11.1%), from €229,234 to €203,901
- Other debts +€21,709
up €21,709 (+76.6%), from €28,354 to €50,063
- Profit (loss) carried forward -€18,987
new in 2025: -€18,987
- Short-term financial debts +€12,689
up €12,689, from €0 to €12,689
- Tax, wage and social debts -€8,525
down €8,525 (-59.0%), from €14,450 to €5,925
of which Taxes: -€8,525
- Gross operating margin -€46,221
down €46,221 (-70.8%), from €65,270 to €19,048
- Taxes -€10,032
down €10,032 (-98.3%), from €10,203 to €170
- Financial charges +€4,755
up €4,755 (+73.2%), from €6,499 to €11,254
- Other operating charges -€1,293
down €1,293 (-59.2%), from €2,185 to €892
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 | €406,757 | €390,936 | -€15,821 | -3.9% |
| Fixed assets | 21/28 | €400,390 | €374,670 | -€25,719 | -6.4% |
| Tangible fixed assets | 22/27 | €400,390 | €374,670 | -€25,719 | -6.4% |
| Land and buildings | 22 | €399,198 | €374,232 | -€24,966 | -6.3% |
| Furniture and vehicles | 24 | €1,192 | €438 | -€754 | -63.3% |
| Current assets | 29/58 | €6,368 | €16,266 | +€9,898 | +155.4% |
| Amounts receivable within one year | 40/41 | €1,533 | €14,760 | +€13,227 | +862.8% |
| Trade receivables | 40 | €0 | €20 | +€20 | |
| Other amounts receivable | 41 | €1,533 | €14,740 | +€13,207 | +861.5% |
| Cash at bank and in hand | 54/58 | €4,835 | €2 | -€4,832 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,504 | +€1,504 | |
| Total equity and liabilities | 10/49 | €406,757 | €390,936 | -€15,821 | -3.9% |
| Equity | 10/15 | €97,808 | €78,821 | -€18,987 | -19.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €77,808 | €77,808 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €77,808 | €77,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,987 | -€18,987 | |
| Amounts payable | 17/49 | €308,950 | €312,115 | +€3,166 | +1.0% |
| Amounts payable after more than one year | 17 | €229,234 | €203,901 | -€25,333 | -11.1% |
| Financial debts | 170/4 | €229,234 | €203,901 | -€25,333 | -11.1% |
| Amounts payable within one year | 42/48 | €79,716 | €105,552 | +€25,836 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €33,592 | €30,392 | -€3,199 | -9.5% |
| Financial debts | 43 | €0 | €12,689 | +€12,689 | |
| Credit institutions | 430/8 | €0 | €12,689 | +€12,689 | |
| Trade debts | 44 | €3,321 | €6,482 | +€3,161 | +95.2% |
| Suppliers | 440/4 | €3,321 | €6,482 | +€3,161 | +95.2% |
| Taxes, remuneration and social security | 45 | €14,450 | €5,925 | -€8,525 | -59.0% |
| Taxes | 450/3 | €11,330 | €2,805 | -€8,525 | -75.2% |
| Remuneration and social security | 454/9 | €3,120 | €3,120 | = | 0.0% |
| Other amounts payable | 47/48 | €28,354 | €50,063 | +€21,709 | +76.6% |
| Accrued charges and deferred income | 492/3 | - | €2,663 | +€2,663 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,263 | €25,719 | +€457 | +1.8% |
| Other operating charges | 640/8 | €2,185 | €892 | -€1,293 | -59.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €65,270 | €19,048 | -€46,221 | -70.8% |
| Operating profit (loss) | 9901 | €37,822 | -€7,563 | -€45,385 | |
| Financial income | 75/76B | €12 | €0 | -€12 | -100.0% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100.0% |
| Financial charges | 65/66B | €6,499 | €11,254 | +€4,755 | +73.2% |
| Recurring financial charges | 65 | €6,499 | €11,254 | +€4,755 | +73.2% |
| Profit (loss) for the period before taxes | 9903 | €31,336 | -€18,816 | -€50,152 | |
| Income taxes | 67/77 | €10,203 | €170 | -€10,032 | -98.3% |
| Profit (loss) for the period | 9904 | €21,133 | -€18,987 | -€40,120 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,133 | -€18,987 | -€40,120 |
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 8 October 2026 via checked.be.