BRAXEL: 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.
BRAXEL
Largest movements
- Deferred charges and accrued income -€14,209
down €14,209 (-69.3%), from €20,490 to €6,281
- Receivables within one year +€13,283
up €13,283 (+10.5%), from €126,397 to €139,680
of which Trade receivables: +€48,555
- Cash +€13,114
up €13,114 (+15.9%), from €82,659 to €95,773
mainly Net result for the year (+€75,056) and Tax, wage and social debts (+€35,692)
- Reserves -€77,043
down €77,043 (-99.0%), from €77,843 to €800
of which Tax-exempt reserves: -€77,043
- Tax, wage and social debts +€35,692
up €35,692 (+277.5%), from €12,862 to €48,554
of which Taxes: +€32,499
- Other debts +€24,485
up €24,485 (+3740.8%), from €655 to €25,140
- Trade debts +€19,384
up €19,384 (+20.4%), from €94,898 to €114,282
- Profit (loss) carried forward +€8,569
up €8,569 (+21.4%), from €40,077 to €48,646
- Gross operating margin +€64,407
up €64,407 (+53.4%), from €120,636 to €185,043
- Taxes +€28,363
up €28,363 (+127.6%), from €22,221 to €50,583
- Staff costs +€25,460
up €25,460 (+79.4%), from €32,065 to €57,525
- Financial income +€5,734
up €5,734 (+28943.5%), from €20 to €5,754
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 | €246,431 | €256,043 | +€9,613 | +3.9% |
| Fixed assets | 21/28 | €16,885 | €14,310 | -€2,575 | -15.3% |
| Intangible fixed assets | 21 | €1,547 | €109 | -€1,439 | -93.0% |
| Tangible fixed assets | 22/27 | €12,938 | €11,801 | -€1,137 | -8.8% |
| Furniture and vehicles | 24 | €4,310 | €4,220 | -€91 | -2.1% |
| Other tangible fixed assets | 26 | €8,627 | €7,581 | -€1,046 | -12.1% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €229,545 | €241,734 | +€12,188 | +5.3% |
| Amounts receivable within one year | 40/41 | €126,397 | €139,680 | +€13,283 | +10.5% |
| Trade receivables | 40 | €71,789 | €120,344 | +€48,555 | +67.6% |
| Other amounts receivable | 41 | €54,608 | €19,336 | -€35,272 | -64.6% |
| Cash at bank and in hand | 54/58 | €82,659 | €95,773 | +€13,114 | +15.9% |
| Deferred charges and accrued income | 490/1 | €20,490 | €6,281 | -€14,209 | -69.3% |
| Total equity and liabilities | 10/49 | €246,431 | €256,043 | +€9,613 | +3.9% |
| Equity | 10/15 | €136,520 | €68,046 | -€68,474 | -50.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,843 | €800 | -€77,043 | -99.0% |
| Non-distributable reserves | 130/1 | €800 | €800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €800 | €800 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,043 | €0 | -€77,043 | -100.0% |
| Profit (loss) carried forward | 14 | €40,077 | €48,646 | +€8,569 | +21.4% |
| Amounts payable | 17/49 | €109,910 | €187,997 | +€78,087 | +71.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €109,910 | €187,975 | +€78,065 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | €1,495 | €0 | -€1,495 | -100.0% |
| Trade debts | 44 | €94,898 | €114,282 | +€19,384 | +20.4% |
| Suppliers | 440/4 | €94,898 | €114,282 | +€19,384 | +20.4% |
| Taxes, remuneration and social security | 45 | €12,862 | €48,554 | +€35,692 | +277.5% |
| Taxes | 450/3 | €9,711 | €42,210 | +€32,499 | +334.7% |
| Remuneration and social security | 454/9 | €3,151 | €6,344 | +€3,192 | +101.3% |
| Other amounts payable | 47/48 | €655 | €25,140 | +€24,485 | +3740.8% |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Remuneration, social security and pensions | 62 | €32,065 | €57,525 | +€25,460 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,470 | €5,331 | -€1,139 | -17.6% |
| Other operating charges | 640/8 | €779 | €1,835 | +€1,055 | +135.4% |
| Gross operating margin | 9900 | €120,636 | €185,043 | +€64,407 | +53.4% |
| Operating profit (loss) | 9901 | €81,322 | €120,352 | +€39,031 | +48.0% |
| Financial income | 75/76B | €20 | €5,754 | +€5,734 | +28943.5% |
| Recurring financial income | 75 | €20 | €5,754 | +€5,734 | +28943.5% |
| Financial charges | 65/66B | €591 | €467 | -€124 | -21.0% |
| Recurring financial charges | 65 | €591 | €467 | -€124 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €80,751 | €125,639 | +€44,888 | +55.6% |
| Income taxes | 67/77 | €22,221 | €50,583 | +€28,363 | +127.6% |
| Profit (loss) for the period | 9904 | €58,530 | €75,056 | +€16,526 | +28.2% |
| Transfer from tax-exempt reserves | 789 | - | €77,043 | +€77,043 | |
| Transfer to tax-exempt reserves | 689 | €28,628 | €0 | -€28,628 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,902 | €152,099 | +€122,197 | +408.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.