BRAUX MANAGEMENT: 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.
BRAUX MANAGEMENT
Largest movements
- Receivables within one year +€35,962
up €35,962 (+298%), from €12,066 to €48,027
of which Other amounts receivable: +€33,485
- Deferred charges and accrued income +€19,455
up €19,455 (+1,132%), from €1,718 to €21,174
- Cash -€12,586
down €12,586 (-32.5%), from €38,748 to €26,162
mainly Receivables within one year (-€35,962) and Deferred charges and accrued income (-€19,455)
- Tangible fixed assets -€6,605
down €6,605 (-26.4%), from €25,001 to €18,396
of which Furniture and vehicles: -€4,059
- Trade debts +€23,588
up €23,588 (+1,633%), from €1,445 to €25,032
- Reserves +€19,490
up €19,490 (+32.6%), from €59,781 to €79,271
- Other debts -€10,132
down €10,132 (-100%), from €10,132 to €0
- Tax, wage and social debts +€3,279
up €3,279 (+1,545%), from €212 to €3,491
of which Taxes: +€3,279
- Gross operating margin +€7,292
up €7,292 (+24.9%), from €29,273 to €36,566
- Taxes +€2,805
up €2,805 (+31.2%), from €8,988 to €11,793
- Depreciation +€2,025
up €2,025 (+44.2%), from €4,580 to €6,605
- Financial income +€1,789
up €1,789 (+24,957%), from €7 to €1,797
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 | €77,783 | €114,009 | +€36,227 | +46.6% |
| Fixed assets | 21/28 | €25,251 | €18,646 | -€6,605 | -26.2% |
| Tangible fixed assets | 22/27 | €25,001 | €18,396 | -€6,605 | -26.4% |
| Plant, machinery and equipment | 23 | €2,791 | €1,740 | -€1,051 | -37.7% |
| Furniture and vehicles | 24 | €15,913 | €11,854 | -€4,059 | -25.5% |
| Other tangible fixed assets | 26 | €6,297 | €4,802 | -€1,495 | -23.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €52,532 | €95,363 | +€42,831 | +81.5% |
| Amounts receivable within one year | 40/41 | €12,066 | €48,027 | +€35,962 | +298% |
| Trade receivables | 40 | €11,305 | €13,782 | +€2,477 | +21.9% |
| Other amounts receivable | 41 | €760 | €34,246 | +€33,485 | +4,404% |
| Cash at bank and in hand | 54/58 | €38,748 | €26,162 | -€12,586 | -32.5% |
| Deferred charges and accrued income | 490/1 | €1,718 | €21,174 | +€19,455 | +1,132% |
| Total equity and liabilities | 10/49 | €77,783 | €114,009 | +€36,227 | +46.6% |
| Equity | 10/15 | €65,993 | €85,486 | +€19,493 | +29.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,781 | €79,271 | +€19,490 | +32.6% |
| Distributable reserves | 133 | €59,781 | €79,271 | +€19,490 | +32.6% |
| Profit (loss) carried forward | 14 | €13 | €16 | +€3 | +19.6% |
| Amounts payable | 17/49 | €11,789 | €28,523 | +€16,734 | +142% |
| Amounts payable within one year | 42/48 | €11,789 | €28,523 | +€16,734 | +142% |
| Trade debts | 44 | €1,445 | €25,032 | +€23,588 | +1,633% |
| Suppliers | 440/4 | €1,445 | €25,032 | +€23,588 | +1,633% |
| Taxes, remuneration and social security | 45 | €212 | €3,491 | +€3,279 | +1,545% |
| Taxes | 450/3 | €212 | €3,491 | +€3,279 | +1,545% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,132 | €0 | -€10,132 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,580 | €6,605 | +€2,025 | +44.2% |
| Other operating charges | 640/8 | €331 | €265 | -€66 | -19.9% |
| Gross operating margin | 9900 | €29,273 | €36,566 | +€7,292 | +24.9% |
| Operating profit (loss) | 9901 | €24,362 | €29,696 | +€5,334 | +21.9% |
| Financial income | 75/76B | €7 | €1,797 | +€1,789 | +24,957% |
| Recurring financial income | 75 | €7 | €1,797 | +€1,789 | +24,957% |
| Financial charges | 65/66B | €426 | €207 | -€220 | -51.5% |
| Recurring financial charges | 65 | €426 | €207 | -€220 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €23,943 | €31,285 | +€7,343 | +30.7% |
| Income taxes | 67/77 | €8,988 | €11,793 | +€2,805 | +31.2% |
| Profit (loss) for the period | 9904 | €14,955 | €19,493 | +€4,537 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,955 | €19,493 | +€4,537 | +30.3% |
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 17 October 2026 via checked.be.