JB BRAET: 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.
JB BRAET
Largest movements
- Receivables within one year +€716,202
up €716,202 (+495%), from €144,738 to €860,939
of which Other amounts receivable: +€724,225
- Current investments -€254,866
down €254,866 (-9.8%), from €2.6m to €2.3m
- Cash +€49,323
up €49,323 (+98.8%), from €49,929 to €99,252
mainly Net result for the year (+€524,652) and Current investments (+€254,866)
- Reserves +€525,000
up €525,000 (+18.9%), from €2.8m to €3.3m
- Turnover -€706,750
no longer reported in 2025 (was €706,750)
- Gross operating margin +€528,433
new in 2025: €528,433
- Financial income +€122,937
up €122,937 (+197%), from €62,308 to €185,245
- Services and other goods -€109,156
no longer reported in 2025 (was €109,156)
- Financial charges +€21,913
up €21,913 (+34,618%), from €63 to €21,977
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 | €2,813,105 | €3,333,189 | +€520,084 | +18.5% |
| Fixed assets | 21/28 | €26,582 | €15,571 | -€11,011 | -41.4% |
| Intangible fixed assets | 21 | €3,342 | €0 | -€3,342 | -100% |
| Tangible fixed assets | 22/27 | €23,239 | €15,571 | -€7,668 | -33.0% |
| Furniture and vehicles | 24 | €23,239 | €15,571 | -€7,668 | -33.0% |
| Current assets | 29/58 | €2,786,523 | €3,317,618 | +€531,094 | +19.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €144,738 | €860,939 | +€716,202 | +495% |
| Trade receivables | 40 | €23,911 | €15,887 | -€8,024 | -33.6% |
| Other amounts receivable | 41 | €120,827 | €845,052 | +€724,225 | +599% |
| Current investments | 50/53 | €2,587,732 | €2,332,866 | -€254,866 | -9.8% |
| Other investments | 51/53 | €2,587,732 | - | -€2.6m | |
| Cash at bank and in hand | 54/58 | €49,929 | €99,252 | +€49,323 | +98.8% |
| Deferred charges and accrued income | 490/1 | €4,124 | €24,560 | +€20,436 | +496% |
| Total equity and liabilities | 10/49 | €2,813,105 | €3,333,189 | +€520,084 | +18.5% |
| Equity | 10/15 | €2,793,883 | €3,318,535 | +€524,652 | +18.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,780,000 | €3,305,000 | +€525,000 | +18.9% |
| Distributable reserves | 133 | €2,780,000 | €3,305,000 | +€525,000 | +18.9% |
| Profit (loss) carried forward | 14 | €1,483 | €1,135 | -€348 | -23.5% |
| Amounts payable | 17/49 | €19,222 | €14,654 | -€4,568 | -23.8% |
| Amounts payable within one year | 42/48 | €19,222 | €14,654 | -€4,568 | -23.8% |
| Trade debts | 44 | €12,342 | €3,684 | -€8,658 | -70.2% |
| Suppliers | 440/4 | €12,342 | €3,684 | -€8,658 | -70.2% |
| Taxes, remuneration and social security | 45 | €6,880 | €10,970 | +€4,090 | +59.4% |
| Taxes | 450/3 | €6,880 | €6,170 | -€710 | -10.3% |
| Remuneration and social security | 454/9 | - | €4,800 | +€4,800 | |
| Operating income | 70/76A | €713,329 | - | -€713,329 | |
| Turnover | 70 | €706,750 | - | -€706,750 | |
| Other operating income | 74 | €6,579 | - | -€6,579 | |
| Operating charges | 60/66A | €142,463 | - | -€142,463 | |
| Services and other goods | 61 | €109,156 | - | -€109,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,741 | €11,011 | -€19,731 | -64.2% |
| Other operating charges | 640/8 | €2,565 | €2,560 | -€5 | -0.2% |
| Gross operating margin | 9900 | - | €528,433 | +€528,433 | |
| Operating profit (loss) | 9901 | €570,866 | €514,862 | -€56,003 | -9.8% |
| Financial income | 75/76B | €62,308 | €185,245 | +€122,937 | +197% |
| Recurring financial income | 75 | €62,308 | €185,245 | +€122,937 | +197% |
| Income from current assets | 751 | €62,227 | - | -€62,227 | |
| Other financial income | 752/9 | €82 | - | -€82 | |
| Financial charges | 65/66B | €63 | €21,977 | +€21,913 | +34,618% |
| Recurring financial charges | 65 | €63 | €21,977 | +€21,913 | +34,618% |
| Debt charges | 650 | €0 | - | = | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €63 | - | -€63 | |
| Profit (loss) for the period before taxes | 9903 | €633,111 | €678,131 | +€45,020 | +7.1% |
| Income taxes | 67/77 | €162,022 | €153,479 | -€8,543 | -5.3% |
| Taxes | 670/3 | €162,022 | - | -€162,022 | |
| Profit (loss) for the period | 9904 | €471,088 | €524,652 | +€53,564 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €471,088 | €524,652 | +€53,564 | +11.4% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.