BRAWAX: 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.
BRAWAX
Largest movements
- Tangible fixed assets +€8,342
up €8,342 (+515.9%), from €1,617 to €9,959
of which Furniture and vehicles: +€8,788
- Cash +€5,143
new in 2025: €5,143
mainly Net result for the year (+€11,929) and Tax, wage and social debts (+€8,085)
- Receivables within one year +€3,008
up €3,008 (+11.5%), from €26,103 to €29,111
of which Other amounts receivable: +€3,163
- Reserves +€9,461
new in 2025: €9,461
- Tax, wage and social debts +€8,085
up €8,085 (+55.5%), from €14,574 to €22,659
of which Taxes: +€8,021
- Debts after one year -€2,909
down €2,909 (-32.6%), from €8,919 to €6,010
- Short-term financial debts -€2,522
no longer reported in 2025 (was €2,522)
- Profit (loss) carried forward +€2,468
no longer reported in 2025 (was -€2,468)
- Gross operating margin +€24,967
up €24,967 (+480.5%), from €5,196 to €30,164
- Financial charges +€8,033
up €8,033 (+800.0%), from €1,004 to €9,037
of which Non-recurring financial charges: +€8,405
- Taxes +€6,210
up €6,210 (+467.8%), from €1,327 to €7,537
- Financial income +€1,673
up €1,673 (+355866.0%), from €0 to €1,673
- Depreciation +€330
up €330 (+12.2%), from €2,693 to €3,023
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,684 | €45,965 | +€16,280 | +54.8% |
| Fixed assets | 21/28 | €1,617 | €9,959 | +€8,342 | +515.9% |
| Tangible fixed assets | 22/27 | €1,617 | €9,959 | +€8,342 | +515.9% |
| Plant, machinery and equipment | 23 | €1,238 | €792 | -€446 | -36.0% |
| Furniture and vehicles | 24 | €379 | €9,167 | +€8,788 | +2320.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €28,068 | €36,006 | +€7,938 | +28.3% |
| Amounts receivable within one year | 40/41 | €26,103 | €29,111 | +€3,008 | +11.5% |
| Trade receivables | 40 | €155 | - | -€155 | |
| Other amounts receivable | 41 | €25,948 | €29,111 | +€3,163 | +12.2% |
| Cash at bank and in hand | 54/58 | - | €5,143 | +€5,143 | |
| Deferred charges and accrued income | 490/1 | €1,964 | €1,752 | -€212 | -10.8% |
| Total equity and liabilities | 10/49 | €29,684 | €45,965 | +€16,280 | +54.8% |
| Equity | 10/15 | €532 | €12,461 | +€11,929 | +2241.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €9,461 | +€9,461 | |
| Distributable reserves | 133 | - | €9,461 | +€9,461 | |
| Profit (loss) carried forward | 14 | -€2,468 | - | +€2,468 | |
| Amounts payable | 17/49 | €29,152 | €33,503 | +€4,351 | +14.9% |
| Amounts payable after more than one year | 17 | €8,919 | €6,010 | -€2,909 | -32.6% |
| Financial debts | 170/4 | €8,919 | €6,010 | -€2,909 | -32.6% |
| Amounts payable within one year | 42/48 | €20,233 | €27,493 | +€7,260 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €3,094 | €3,053 | -€41 | -1.3% |
| Financial debts | 43 | €2,522 | - | -€2,522 | |
| Credit institutions | 430/8 | €2,522 | - | -€2,522 | |
| Trade debts | 44 | €43 | €1,781 | +€1,738 | +4053.4% |
| Suppliers | 440/4 | €43 | €1,781 | +€1,738 | +4053.4% |
| Taxes, remuneration and social security | 45 | €14,574 | €22,659 | +€8,085 | +55.5% |
| Taxes | 450/3 | €10,094 | €18,115 | +€8,021 | +79.5% |
| Remuneration and social security | 454/9 | €4,480 | €4,544 | +€64 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,693 | €3,023 | +€330 | +12.2% |
| Other operating charges | 640/8 | €15 | €310 | +€295 | +1969.9% |
| Gross operating margin | 9900 | €5,196 | €30,164 | +€24,967 | +480.5% |
| Operating profit (loss) | 9901 | €2,488 | €26,830 | +€24,342 | +978.4% |
| Financial income | 75/76B | €0 | €1,673 | +€1,673 | +355866.0% |
| Recurring financial income | 75 | €0 | €1,673 | +€1,673 | +355866.0% |
| Financial charges | 65/66B | €1,004 | €9,037 | +€8,033 | +800.0% |
| Recurring financial charges | 65 | €1,004 | €632 | -€372 | -37.0% |
| Non-recurring financial charges | 66B | - | €8,405 | +€8,405 | |
| Profit (loss) for the period before taxes | 9903 | €1,484 | €19,466 | +€17,982 | +1211.4% |
| Income taxes | 67/77 | €1,327 | €7,537 | +€6,210 | +467.8% |
| Profit (loss) for the period | 9904 | €157 | €11,929 | +€11,772 | +7499.1% |
| Profit (loss) for the period to be appropriated | 9905 | €157 | €11,929 | +€11,772 | +7499.1% |
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 7 October 2026 via checked.be.