BRATOMA: 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.
BRATOMA
Largest movements
- Cash +€13.8m
up €13.8m (+104%), from €13.2m to €27.0m
mainly Current investments (+€10.4m) and Net result for the year (+€9.2m)
- Current investments -€10.4m
down €10.4m (-90.8%), from €11.5m to €1.1m
- Financial fixed assets +€4.2m
up €4.2m (+404%), from €1.0m to €5.2m
- Receivables after one year +€1.2m
up €1.2m (+14.2%), from €8.7m to €9.9m
- Tangible fixed assets +€457,130
up €457,130 (+29.2%), from €1.6m to €2.0m
of which Furniture and vehicles: +€440,865
- Profit (loss) carried forward +€9.2m
up €9.2m (+25.9%), from €35.5m to €44.7m
- Financial income +€6.7m
up €6.7m (+223%), from €3.0m to €9.7m
- Staff costs +€261,625
up €261,625 (+97.3%), from €268,915 to €530,540
- Depreciation +€85,284
up €85,284 (+144%), from €59,194 to €144,478
- Gross operating margin -€44,028
down €44,028 (-15.0%), from €294,149 to €250,121
- Other operating charges +€35,215
up €35,215 (+200%), from €17,602 to €52,817
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 | €36,356,733 | €45,488,974 | +€9.1m | +25.1% |
| Fixed assets | 21/28 | €2,604,904 | €7,262,035 | +€4.7m | +179% |
| Tangible fixed assets | 22/27 | €1,566,066 | €2,023,196 | +€457,130 | +29.2% |
| Land and buildings | 22 | €1,272,607 | €1,253,377 | -€19,230 | -1.5% |
| Plant, machinery and equipment | 23 | €60,305 | €95,800 | +€35,495 | +58.9% |
| Furniture and vehicles | 24 | €233,154 | €674,019 | +€440,865 | +189% |
| Financial fixed assets | 28 | €1,038,838 | €5,238,838 | +€4.2m | +404% |
| Current assets | 29/58 | €33,751,829 | €38,226,939 | +€4.5m | +13.3% |
| Amounts receivable after more than one year | 29 | €8,695,030 | €9,928,413 | +€1.2m | +14.2% |
| Other amounts receivable | 291 | €8,695,030 | €9,928,413 | +€1.2m | +14.2% |
| Amounts receivable within one year | 40/41 | €241,917 | €220,431 | -€21,486 | -8.9% |
| Trade receivables | 40 | €234,301 | €173,910 | -€60,391 | -25.8% |
| Other amounts receivable | 41 | €7,616 | €46,521 | +€38,905 | +511% |
| Current investments | 50/53 | €11,500,000 | €1,062,845 | -€10.4m | -90.8% |
| Cash at bank and in hand | 54/58 | €13,184,707 | €26,959,349 | +€13.8m | +104% |
| Deferred charges and accrued income | 490/1 | €130,174 | €55,901 | -€74,273 | -57.1% |
| Total equity and liabilities | 10/49 | €36,356,733 | €45,488,974 | +€9.1m | +25.1% |
| Equity | 10/15 | €36,078,601 | €45,284,142 | +€9.2m | +25.5% |
| Contributions | 10/11 | €531,381 | €531,381 | = | 0.0% |
| Reserves | 13 | €56,338 | €56,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €53,138 | €53,138 | = | 0.0% |
| Reserves not available under the articles | 1311 | €53,138 | €53,138 | = | 0.0% |
| Distributable reserves | 133 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,490,882 | €44,696,423 | +€9.2m | +25.9% |
| Amounts payable | 17/49 | €278,132 | €204,831 | -€73,300 | -26.4% |
| Amounts payable within one year | 42/48 | €250,602 | €103,542 | -€147,060 | -58.7% |
| Trade debts | 44 | €115,138 | €43,478 | -€71,660 | -62.2% |
| Suppliers | 440/4 | €115,138 | €43,478 | -€71,660 | -62.2% |
| Taxes, remuneration and social security | 45 | €113,448 | €45,128 | -€68,320 | -60.2% |
| Taxes | 450/3 | €113,448 | €45,128 | -€68,320 | -60.2% |
| Other amounts payable | 47/48 | €22,016 | €14,936 | -€7,080 | -32.2% |
| Accrued charges and deferred income | 492/3 | €27,529 | €101,289 | +€73,760 | +268% |
| Remuneration, social security and pensions | 62 | €268,915 | €530,540 | +€261,625 | +97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,194 | €144,478 | +€85,284 | +144% |
| Other operating charges | 640/8 | €17,602 | €52,817 | +€35,215 | +200% |
| Gross operating margin | 9900 | €294,149 | €250,121 | -€44,028 | -15.0% |
| Operating profit (loss) | 9901 | -€51,562 | -€477,713 | -€426,151 | -826% |
| Financial income | 75/76B | €3,017,336 | €9,731,925 | +€6.7m | +223% |
| Recurring financial income | 75 | €3,017,336 | €9,731,925 | +€6.7m | +223% |
| Financial charges | 65/66B | €2,600 | €13,939 | +€11,340 | +436% |
| Recurring financial charges | 65 | €2,600 | €13,939 | +€11,340 | +436% |
| Profit (loss) for the period before taxes | 9903 | €2,963,174 | €9,240,272 | +€6.3m | +212% |
| Income taxes | 67/77 | €57,357 | €34,731 | -€22,626 | -39.4% |
| Profit (loss) for the period | 9904 | €2,905,818 | €9,205,541 | +€6.3m | +217% |
| Profit (loss) for the period to be appropriated | 9905 | €2,905,818 | €9,205,541 | +€6.3m | +217% |
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 24 October 2026 via checked.be.