BraWaLaw: 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.
BraWaLaw
Largest movements
- Cash +€295,786
up €295,786 (+141%), from €210,440 to €506,227
mainly Net result for the year (+€272,493) and Tax, wage and social debts (+€58,440)
- Receivables within one year +€42,703
up €42,703 (+8.6%), from €494,534 to €537,236
of which Trade receivables: +€213,955
- Tangible fixed assets -€19,703
down €19,703 (-13.9%), from €142,002 to €122,298
of which Furniture and vehicles: -€11,556
- Reserves +€236,779
up €236,779 (+86.6%), from €273,306 to €510,085
- Tax, wage and social debts +€58,440
up €58,440 (+80.5%), from €72,572 to €131,012
of which Taxes: +€57,605
- Short-term financial debts +€20,959
up €20,959 (+1,142%), from €1,836 to €22,794
- Trade debts +€18,487
up €18,487 (+145%), from €12,748 to €31,235
- Debts after one year -€13,275
down €13,275 (-12.3%), from €107,519 to €94,243
- Gross operating margin +€245,502
up €245,502 (+50.4%), from €486,741 to €732,243
- Taxes +€68,799
up €68,799 (+121%), from €56,831 to €125,631
- Staff costs +€32,015
up €32,015 (+11.7%), from €274,658 to €306,673
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 | €849,819 | €1,168,775 | +€318,956 | +37.5% |
| Fixed assets | 21/28 | €142,212 | €122,508 | -€19,703 | -13.9% |
| Tangible fixed assets | 22/27 | €142,002 | €122,298 | -€19,703 | -13.9% |
| Land and buildings | 22 | €121,000 | €113,134 | -€7,866 | -6.5% |
| Plant, machinery and equipment | 23 | €2,273 | €1,992 | -€281 | -12.4% |
| Furniture and vehicles | 24 | €18,729 | €7,173 | -€11,556 | -61.7% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €707,608 | €1,046,267 | +€338,660 | +47.9% |
| Amounts receivable within one year | 40/41 | €494,534 | €537,236 | +€42,703 | +8.6% |
| Trade receivables | 40 | €299,668 | €513,623 | +€213,955 | +71.4% |
| Other amounts receivable | 41 | €194,866 | €23,613 | -€171,253 | -87.9% |
| Cash at bank and in hand | 54/58 | €210,440 | €506,227 | +€295,786 | +141% |
| Deferred charges and accrued income | 490/1 | €2,634 | €2,804 | +€171 | +6.5% |
| Total equity and liabilities | 10/49 | €849,819 | €1,168,775 | +€318,956 | +37.5% |
| Equity | 10/15 | €622,756 | €859,534 | +€236,779 | +38.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,306 | €510,085 | +€236,779 | +86.6% |
| Distributable reserves | 133 | €273,306 | €510,085 | +€236,779 | +86.6% |
| Profit (loss) carried forward | 14 | €343,250 | €343,250 | = | 0.0% |
| Amounts payable | 17/49 | €227,063 | €309,241 | +€82,177 | +36.2% |
| Amounts payable after more than one year | 17 | €107,519 | €94,243 | -€13,275 | -12.3% |
| Financial debts | 170/4 | €107,519 | €94,243 | -€13,275 | -12.3% |
| Amounts payable within one year | 42/48 | €109,787 | €199,316 | +€89,530 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €21,631 | €13,275 | -€8,356 | -38.6% |
| Financial debts | 43 | €1,836 | €22,794 | +€20,959 | +1,142% |
| Credit institutions | 430/8 | €1,836 | €22,794 | +€20,959 | +1,142% |
| Trade debts | 44 | €12,748 | €31,235 | +€18,487 | +145% |
| Suppliers | 440/4 | €12,748 | €31,235 | +€18,487 | +145% |
| Taxes, remuneration and social security | 45 | €72,572 | €131,012 | +€58,440 | +80.5% |
| Taxes | 450/3 | €29,219 | €86,824 | +€57,605 | +197% |
| Remuneration and social security | 454/9 | €43,354 | €44,188 | +€834 | +1.9% |
| Other amounts payable | 47/48 | €999 | €999 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,758 | €15,681 | +€5,923 | +60.7% |
| Non-recurring operating income | 76A | €298 | - | -€298 | |
| Remuneration, social security and pensions | 62 | €274,658 | €306,673 | +€32,015 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,994 | €21,662 | -€1,332 | -5.8% |
| Other operating charges | 640/8 | €1,614 | €1,773 | +€159 | +9.8% |
| Gross operating margin | 9900 | €486,741 | €732,243 | +€245,502 | +50.4% |
| Operating profit (loss) | 9901 | €187,475 | €402,135 | +€214,660 | +115% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,680 | €4,012 | -€668 | -14.3% |
| Recurring financial charges | 65 | €4,680 | €4,012 | -€668 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €182,795 | €398,123 | +€215,329 | +118% |
| Income taxes | 67/77 | €56,831 | €125,631 | +€68,799 | +121% |
| Profit (loss) for the period | 9904 | €125,964 | €272,493 | +€146,529 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €125,964 | €272,493 | +€146,529 | +116% |
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 20 October 2026 via checked.be.