Johan Bras: 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.
Johan Bras
Largest movements
- Receivables within one year +€25,985
up €25,985 (+205.9%), from €12,619 to €38,604
of which Trade receivables: +€23,915
- Cash +€10,845
up €10,845 (+865.6%), from €1,253 to €12,098
mainly Net result for the year (+€24,096) and Trade debts (+€7,472)
- Stocks and contracts -€3,442
no longer reported in 2025 (was €3,442)
- Deferred charges and accrued income -€2,444
down €2,444 (-76.7%), from €3,188 to €743
- Tangible fixed assets +€1,132
up €1,132 (+26.4%), from €4,291 to €5,423
of which Plant, machinery and equipment: +€609
- Profit (loss) carried forward +€17,503
no longer reported in 2025 (was -€17,503)
- Trade debts +€7,472
up €7,472 (+172.1%), from €4,343 to €11,815
- Reserves +€6,593
up €6,593 (+22.6%), from €29,135 to €35,728
of which Distributable reserves: +€6,593
- Tax, wage and social debts -€1,567
down €1,567 (-62.7%), from €2,500 to €933
- Accrued charges and deferred income +€1,258
new in 2025: €1,258
- Gross operating margin +€32,610
up €32,610 (+735.1%), from €4,436 to €37,046
- Taxes +€10,304
up €10,304 (+7982.6%), from €129 to €10,433
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 | €24,793 | €56,868 | +€32,075 | +129.4% |
| Fixed assets | 21/28 | €4,291 | €5,423 | +€1,132 | +26.4% |
| Tangible fixed assets | 22/27 | €4,291 | €5,423 | +€1,132 | +26.4% |
| Plant, machinery and equipment | 23 | €984 | €1,593 | +€609 | +61.9% |
| Furniture and vehicles | 24 | €3,308 | €3,830 | +€522 | +15.8% |
| Current assets | 29/58 | €20,502 | €51,445 | +€30,944 | +150.9% |
| Stocks and contracts in progress | 3 | €3,442 | - | -€3,442 | |
| Stocks | 30/36 | €3,442 | - | -€3,442 | |
| Amounts receivable within one year | 40/41 | €12,619 | €38,604 | +€25,985 | +205.9% |
| Trade receivables | 40 | €12,009 | €35,924 | +€23,915 | +199.1% |
| Other amounts receivable | 41 | €609 | €2,680 | +€2,071 | +339.8% |
| Cash at bank and in hand | 54/58 | €1,253 | €12,098 | +€10,845 | +865.6% |
| Deferred charges and accrued income | 490/1 | €3,188 | €743 | -€2,444 | -76.7% |
| Total equity and liabilities | 10/49 | €24,793 | €56,868 | +€32,075 | +129.4% |
| Equity | 10/15 | €17,832 | €41,928 | +€24,096 | +135.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,135 | €35,728 | +€6,593 | +22.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,275 | €33,868 | +€6,593 | +24.2% |
| Profit (loss) carried forward | 14 | -€17,503 | - | +€17,503 | |
| Amounts payable | 17/49 | €6,961 | €14,940 | +€7,979 | +114.6% |
| Amounts payable within one year | 42/48 | €6,961 | €13,682 | +€6,721 | +96.6% |
| Trade debts | 44 | €4,343 | €11,815 | +€7,472 | +172.1% |
| Suppliers | 440/4 | €4,343 | €11,815 | +€7,472 | +172.1% |
| Taxes, remuneration and social security | 45 | €2,500 | €933 | -€1,567 | -62.7% |
| Taxes | 450/3 | €2,500 | €933 | -€1,567 | -62.7% |
| Other amounts payable | 47/48 | €119 | €934 | +€815 | +686.1% |
| Accrued charges and deferred income | 492/3 | - | €1,258 | +€1,258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,644 | €1,493 | -€152 | -9.2% |
| Other operating charges | 640/8 | €239 | €314 | +€74 | +31.1% |
| Gross operating margin | 9900 | €4,436 | €37,046 | +€32,610 | +735.1% |
| Operating profit (loss) | 9901 | €2,553 | €35,240 | +€32,687 | +1280.5% |
| Financial income | 75/76B | €19 | €47 | +€28 | +148.9% |
| Recurring financial income | 75 | €19 | €47 | +€28 | +148.9% |
| Financial charges | 65/66B | €648 | €758 | +€110 | +17.0% |
| Recurring financial charges | 65 | €648 | €508 | -€140 | -21.6% |
| Non-recurring financial charges | 66B | - | €250 | +€250 | |
| Profit (loss) for the period before taxes | 9903 | €1,924 | €34,529 | +€32,605 | +1694.6% |
| Income taxes | 67/77 | €129 | €10,433 | +€10,304 | +7982.6% |
| Profit (loss) for the period | 9904 | €1,795 | €24,096 | +€22,301 | +1242.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,795 | €24,096 | +€22,301 | +1242.4% |
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 11 October 2026 via checked.be.