BRAUWAERT: 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.
BRAUWAERT
Largest movements
- Receivables within one year +€46,751
up €46,751 (+58.4%), from €80,096 to €126,846
of which Other amounts receivable: +€30,690
- Tangible fixed assets +€21,465
up €21,465 (+73.6%), from €29,183 to €50,647
of which Furniture and vehicles: +€24,371
- Cash -€12,452
down €12,452 (-37.5%), from €33,248 to €20,796
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€46,751)
- Other debts +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€44,256
down €44,256 (-26.1%), from €169,585 to €125,329
- Financial income +€1,535
up €1,535 (+47.1%), from €3,257 to €4,792
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 | €187,526 | €243,426 | +€55,900 | +29.8% |
| Fixed assets | 21/28 | €29,183 | €50,647 | +€21,465 | +73.6% |
| Tangible fixed assets | 22/27 | €29,183 | €50,647 | +€21,465 | +73.6% |
| Plant, machinery and equipment | 23 | €2,487 | €1,458 | -€1,029 | -41.4% |
| Furniture and vehicles | 24 | €7,881 | €32,252 | +€24,371 | +309% |
| Other tangible fixed assets | 26 | €18,815 | €16,938 | -€1,877 | -10.0% |
| Current assets | 29/58 | €158,343 | €192,779 | +€34,435 | +21.7% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,096 | €126,846 | +€46,751 | +58.4% |
| Trade receivables | 40 | €15,701 | €31,763 | +€16,061 | +102% |
| Other amounts receivable | 41 | €64,394 | €95,084 | +€30,690 | +47.7% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,248 | €20,796 | -€12,452 | -37.5% |
| Deferred charges and accrued income | 490/1 | - | €137 | +€137 | |
| Total equity and liabilities | 10/49 | €187,526 | €243,426 | +€55,900 | +29.8% |
| Equity | 10/15 | €172,585 | €128,329 | -€44,256 | -25.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,585 | €125,329 | -€44,256 | -26.1% |
| Amounts payable | 17/49 | €14,941 | €115,097 | +€100,156 | +670% |
| Amounts payable within one year | 42/48 | €14,941 | €115,097 | +€100,156 | +670% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,709 | €4,493 | +€784 | +21.2% |
| Suppliers | 440/4 | €3,709 | €4,493 | +€784 | +21.2% |
| Taxes, remuneration and social security | 45 | €11,233 | €10,604 | -€629 | -5.6% |
| Taxes | 450/3 | €11,233 | €10,604 | -€629 | -5.6% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,031 | €6,679 | +€648 | +10.8% |
| Other operating charges | 640/8 | €812 | €1,360 | +€548 | +67.6% |
| Gross operating margin | 9900 | €76,900 | €76,582 | -€318 | -0.4% |
| Operating profit (loss) | 9901 | €70,058 | €68,543 | -€1,515 | -2.2% |
| Financial income | 75/76B | €3,257 | €4,792 | +€1,535 | +47.1% |
| Recurring financial income | 75 | €3,257 | €4,792 | +€1,535 | +47.1% |
| Financial charges | 65/66B | €1,900 | €1,555 | -€345 | -18.1% |
| Recurring financial charges | 65 | €1,900 | €1,555 | -€345 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €71,415 | €71,780 | +€365 | +0.5% |
| Income taxes | 67/77 | €15,698 | €16,035 | +€337 | +2.1% |
| Profit (loss) for the period | 9904 | €55,717 | €55,744 | +€28 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,717 | €55,744 | +€28 | 0.0% |
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 19 October 2026 via checked.be.