BRAUER: 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.
What changed
BRAUER
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €2.1m+€190,357
Equity
€16.1m
2024 · €13.9m+€2.2m
Cash
€3.4m
2024 · €7.1m-€3.7m
Balance sheet total
€17.6m
2024 · €15.5m+€2.1m
Largest movements
Assets
- Current investments +€5.8m
up €5.8m (+127.8%), from €4.5m to €10.3m
- Cash -€3.7m
down €3.7m (-52.6%), from €7.1m to €3.4m
mainly Current investments (-€5.8m) and Stocks and contracts (-€203,656)
- Stocks and contracts +€203,656
up €203,656 (+12.9%), from €1.6m to €1.8m
Equity and liabilities
- Reserves +€2.2m
up €2.2m (+16.2%), from €13.9m to €16.1m
of which Distributable reserves: +€1.2m
Income statement
- Gross operating margin +€324,446
up €324,446 (+11.7%), from €2.8m to €3.1m
- Taxes +€88,767
up €88,767 (+11.1%), from €803,311 to €892,078
- Financial income -€45,262
down €45,262 (-18.5%), from €244,291 to €199,029
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.
Result 2024
€2.1m
Gross operating margin
+€324,446
Staff costs
-€6,217
Depreciation
+€57
Write-downs
+€1,796
Other operating charges
+€395
Other operating items
-€126
Financial income
-€45,262
Financial charges
+€4,035
Taxes
-€88,767
Result 2025
€2.2m
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.
From operations
+€2.0m
Investment
-€5.8m
Financing
€0
Cash 2024
€7.1m
From operations (derived)
+€2.0m
Net result for the year
+€2.2m
Depreciation
+€2,688
Stocks and contracts
-€203,656
Receivables within one year
+€101,586
Smaller working-capital items
+€5,319
Trade debts
+€37,426
Other debts
-€154,396
Investment (derived)
-€5.8m
Investment in fixed assets (net)
-€11,916
Current investments
-€5.8m
Cash 2025
€3.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,515,895 | €17,646,339 | +€2.1m | +13.7% |
| Fixed assets | 21/28 | €780,655 | €789,883 | +€9,228 | +1.2% |
| Tangible fixed assets | 22/27 | €12,380 | €10,853 | -€1,527 | -12.3% |
| Land and buildings | 22 | €10,819 | €9,781 | -€1,038 | -9.6% |
| Plant, machinery and equipment | 23 | €1,561 | €65 | -€1,496 | -95.8% |
| Furniture and vehicles | 24 | - | €1,007 | +€1,007 | |
| Financial fixed assets | 28 | €768,275 | €779,030 | +€10,755 | +1.4% |
| Current assets | 29/58 | €14,735,240 | €16,856,456 | +€2.1m | +14.4% |
| Stocks and contracts in progress | 3 | €1,579,892 | €1,783,548 | +€203,656 | +12.9% |
| Stocks | 30/36 | €1,579,892 | €1,783,548 | +€203,656 | +12.9% |
| Amounts receivable within one year | 40/41 | €1,557,189 | €1,455,603 | -€101,586 | -6.5% |
| Trade receivables | 40 | €974,832 | €926,972 | -€47,861 | -4.9% |
| Other amounts receivable | 41 | €582,356 | €528,631 | -€53,725 | -9.2% |
| Current investments | 50/53 | €4,500,000 | €10,250,000 | +€5.8m | +127.8% |
| Cash at bank and in hand | 54/58 | €7,085,472 | €3,355,301 | -€3.7m | -52.6% |
| Deferred charges and accrued income | 490/1 | €12,687 | €12,005 | -€682 | -5.4% |
| Total equity and liabilities | 10/49 | €15,515,895 | €17,646,339 | +€2.1m | +13.7% |
| Equity | 10/15 | €13,877,841 | €16,120,618 | +€2.2m | +16.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,851,244 | €16,094,021 | +€2.2m | +16.2% |
| Tax-exempt reserves | 132 | €999,997 | €1,997,767 | +€997,770 | +99.8% |
| Distributable reserves | 133 | €12,851,247 | €14,096,254 | +€1.2m | +9.7% |
| Profit (loss) carried forward | 14 | €8,005 | €8,005 | = | 0.0% |
| Amounts payable | 17/49 | €1,638,054 | €1,525,721 | -€112,333 | -6.9% |
| Amounts payable within one year | 42/48 | €1,634,862 | €1,522,480 | -€112,383 | -6.9% |
| Trade debts | 44 | €147,438 | €184,865 | +€37,426 | +25.4% |
| Suppliers | 440/4 | €147,438 | €184,865 | +€37,426 | +25.4% |
| Taxes, remuneration and social security | 45 | €50,572 | €55,159 | +€4,587 | +9.1% |
| Taxes | 450/3 | €40,357 | €44,383 | +€4,026 | +10.0% |
| Remuneration and social security | 454/9 | €10,214 | €10,776 | +€561 | +5.5% |
| Other amounts payable | 47/48 | €1,436,852 | €1,282,456 | -€154,396 | -10.7% |
| Accrued charges and deferred income | 492/3 | €3,192 | €3,241 | +€50 | +1.6% |
| Non-recurring operating income | 76A | €632 | €3,181 | +€2,548 | +403.1% |
| Remuneration, social security and pensions | 62 | €53,906 | €60,123 | +€6,217 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €2,688 | -€57 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,796 | - | -€1,796 | |
| Other operating charges | 640/8 | €2,637 | €2,242 | -€395 | -15.0% |
| Non-recurring operating charges | 66A | - | €126 | +€126 | |
| Gross operating margin | 9900 | €2,781,604 | €3,106,050 | +€324,446 | +11.7% |
| Operating profit (loss) | 9901 | €2,720,520 | €3,040,871 | +€320,351 | +11.8% |
| Financial income | 75/76B | €244,291 | €199,029 | -€45,262 | -18.5% |
| Recurring financial income | 75 | €244,291 | €199,029 | -€45,262 | -18.5% |
| Financial charges | 65/66B | €109,079 | €105,045 | -€4,035 | -3.7% |
| Recurring financial charges | 65 | €109,079 | €105,045 | -€4,035 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €2,855,731 | €3,134,855 | +€279,124 | +9.8% |
| Income taxes | 67/77 | €803,311 | €892,078 | +€88,767 | +11.1% |
| Profit (loss) for the period | 9904 | €2,052,420 | €2,242,777 | +€190,357 | +9.3% |
| Transfer to tax-exempt reserves | 689 | €999,997 | €997,770 | -€2,227 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,052,423 | €1,245,007 | +€192,584 | +18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.