BRAXAN: 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.
BRAXAN
Largest movements
- Cash -€86,079
down €86,079 (-93.4%), from €92,140 to €6,061
mainly Contributions, distributions and other (-€77,000) and Other debts (-€42,794)
- Receivables within one year +€24,552
up €24,552 (+61.7%), from €39,790 to €64,342
of which Other amounts receivable: +€20,462
- Deferred charges and accrued income -€1,639
no longer reported in 2025 (was €1,639)
- Other debts -€42,794
no longer reported in 2025 (was €42,794)
- Profit (loss) carried forward -€14,436
down €14,436 (-94.8%), from €15,224 to €788
- Reserves -€12,000
down €12,000 (-21.9%), from €54,720 to €42,720
of which Distributable reserves: -€12,000
- Tax, wage and social debts +€5,745
up €5,745 (+23.1%), from €24,845 to €30,591
- Other operating charges -€5,283
down €5,283 (-86.1%), from €6,136 to €853
- Taxes +€2,200
up €2,200 (+16.6%), from €13,239 to €15,440
- Financial charges +€864
up €864 (+811.8%), from €106 to €970
- Financial income +€836
up €836 (+20096.9%), from €4 to €840
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 | €139,368 | €75,657 | -€63,710 | -45.7% |
| Fixed assets | 21/28 | €5,799 | €5,254 | -€544 | -9.4% |
| Tangible fixed assets | 22/27 | €5,799 | €5,254 | -€544 | -9.4% |
| Furniture and vehicles | 24 | €5,799 | €5,254 | -€544 | -9.4% |
| Current assets | 29/58 | €133,569 | €70,403 | -€63,166 | -47.3% |
| Amounts receivable within one year | 40/41 | €39,790 | €64,342 | +€24,552 | +61.7% |
| Trade receivables | 40 | €29,790 | €33,880 | +€4,090 | +13.7% |
| Other amounts receivable | 41 | €10,000 | €30,462 | +€20,462 | +204.6% |
| Cash at bank and in hand | 54/58 | €92,140 | €6,061 | -€86,079 | -93.4% |
| Deferred charges and accrued income | 490/1 | €1,639 | - | -€1,639 | |
| Total equity and liabilities | 10/49 | €139,368 | €75,657 | -€63,710 | -45.7% |
| Equity | 10/15 | €70,944 | €44,508 | -€26,436 | -37.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €54,720 | €42,720 | -€12,000 | -21.9% |
| Tax-exempt reserves | 132 | €7,600 | €7,600 | = | 0.0% |
| Distributable reserves | 133 | €47,120 | €35,120 | -€12,000 | -25.5% |
| Profit (loss) carried forward | 14 | €15,224 | €788 | -€14,436 | -94.8% |
| Amounts payable | 17/49 | €68,423 | €31,149 | -€37,274 | -54.5% |
| Amounts payable within one year | 42/48 | €68,423 | €31,149 | -€37,274 | -54.5% |
| Trade debts | 44 | €784 | €559 | -€226 | -28.8% |
| Suppliers | 440/4 | €784 | €559 | -€226 | -28.8% |
| Taxes, remuneration and social security | 45 | €24,845 | €30,591 | +€5,745 | +23.1% |
| Taxes | 450/3 | €24,845 | €30,591 | +€5,745 | +23.1% |
| Other amounts payable | 47/48 | €42,794 | - | -€42,794 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,283 | €1,918 | +€635 | +49.5% |
| Other operating charges | 640/8 | €6,136 | €853 | -€5,283 | -86.1% |
| Gross operating margin | 9900 | €69,240 | €68,904 | -€336 | -0.5% |
| Operating profit (loss) | 9901 | €61,821 | €66,134 | +€4,312 | +7.0% |
| Financial income | 75/76B | €4 | €840 | +€836 | +20096.9% |
| Recurring financial income | 75 | €4 | €840 | +€836 | +20096.9% |
| Financial charges | 65/66B | €106 | €970 | +€864 | +811.8% |
| Recurring financial charges | 65 | €106 | €970 | +€864 | +811.8% |
| Profit (loss) for the period before taxes | 9903 | €61,719 | €66,004 | +€4,285 | +6.9% |
| Income taxes | 67/77 | €13,239 | €15,440 | +€2,200 | +16.6% |
| Profit (loss) for the period | 9904 | €48,480 | €50,564 | +€2,084 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,480 | €50,564 | +€2,084 | +4.3% |
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 5 October 2026 via checked.be.