JORIS BRAMS: 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.
JORIS BRAMS
Largest movements
- Cash +€109,254
up €109,254 (+154%), from €70,959 to €180,214
mainly Other debts (+€606,318) and Net result for the year (+€133,318)
- Receivables within one year +€60,691
up €60,691 (+30.6%), from €198,279 to €258,970
of which Other amounts receivable: +€44,518
- Tangible fixed assets -€55,950
down €55,950 (-6.4%), from €874,694 to €818,744
of which Land and buildings: -€52,065
- Other debts +€606,318
up €606,318 (+17,113%), from €3,543 to €609,861
- Reserves -€490,425
down €490,425 (-69.3%), from €707,908 to €217,483
- Short-term financial debts +€55,143
up €55,143 (+753%), from €7,319 to €62,461
- Debts after one year -€54,829
down €54,829 (-44.3%), from €123,864 to €69,035
- Current portion of long-term debt -€41,788
down €41,788 (-43.3%), from €96,617 to €54,829
- Gross operating margin +€141,375
up €141,375 (+101%), from €140,144 to €281,519
- Taxes +€43,674
up €43,674 (+252%), from €17,330 to €61,003
- Financial income -€10,654
down €10,654 (-52.1%), from €20,447 to €9,793
- Financial charges +€5,401
up €5,401 (+285%), from €1,898 to €7,298
of which Financial charges: +€5,401
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 | €1,312,568 | €1,425,633 | +€113,065 | +8.6% |
| Fixed assets | 21/28 | €940,719 | €885,394 | -€55,325 | -5.9% |
| Tangible fixed assets | 22/27 | €874,694 | €818,744 | -€55,950 | -6.4% |
| Land and buildings | 22 | €800,523 | €748,458 | -€52,065 | -6.5% |
| Plant, machinery and equipment | 23 | €11,311 | €7,639 | -€3,672 | -32.5% |
| Furniture and vehicles | 24 | €24,199 | €29,535 | +€5,336 | +22.0% |
| Other tangible fixed assets | 26 | €38,661 | €33,112 | -€5,549 | -14.4% |
| Financial fixed assets | 28 | €66,026 | €66,650 | +€625 | +0.9% |
| Current assets | 29/58 | €371,848 | €540,238 | +€168,390 | +45.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €198,279 | €258,970 | +€60,691 | +30.6% |
| Trade receivables | 40 | €39,331 | €55,504 | +€16,173 | +41.1% |
| Other amounts receivable | 41 | €158,948 | €203,466 | +€44,518 | +28.0% |
| Current investments | 50/53 | €92,563 | €92,563 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,959 | €180,214 | +€109,254 | +154% |
| Deferred charges and accrued income | 490/1 | €10,046 | €8,492 | -€1,555 | -15.5% |
| Total equity and liabilities | 10/49 | €1,312,568 | €1,425,633 | +€113,065 | +8.6% |
| Equity | 10/15 | €1,071,747 | €597,104 | -€474,643 | -44.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €707,908 | €217,483 | -€490,425 | -69.3% |
| Distributable reserves | 133 | €707,908 | €217,483 | -€490,425 | -69.3% |
| Profit (loss) carried forward | 14 | €345,289 | €361,071 | +€15,782 | +4.6% |
| Amounts payable | 17/49 | €240,821 | €828,529 | +€587,708 | +244% |
| Amounts payable after more than one year | 17 | €123,864 | €69,035 | -€54,829 | -44.3% |
| Financial debts | 170/4 | €123,864 | €69,035 | -€54,829 | -44.3% |
| Amounts payable within one year | 42/48 | €116,957 | €759,493 | +€642,536 | +549% |
| Current portion of amounts payable after more than one year | 42 | €96,617 | €54,829 | -€41,788 | -43.3% |
| Financial debts | 43 | €7,319 | €62,461 | +€55,143 | +753% |
| Credit institutions | 430/8 | €7,319 | €62,461 | +€55,143 | +753% |
| Trade debts | 44 | €3,385 | €7,542 | +€4,157 | +123% |
| Suppliers | 440/4 | €3,385 | €7,542 | +€4,157 | +123% |
| Taxes, remuneration and social security | 45 | €6,094 | €24,801 | +€18,707 | +307% |
| Taxes | 450/3 | €6,094 | €24,801 | +€18,707 | +307% |
| Other amounts payable | 47/48 | €3,543 | €609,861 | +€606,318 | +17,113% |
| Non-recurring operating income | 76A | €0 | €1,090 | +€1,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,015 | €78,910 | +€1,895 | +2.5% |
| Other operating charges | 640/8 | €11,419 | €10,783 | -€637 | -5.6% |
| Non-recurring operating charges | 66A | €3,224 | €0 | -€3,224 | -100% |
| Gross operating margin | 9900 | €140,144 | €281,519 | +€141,375 | +101% |
| Operating profit (loss) | 9901 | €48,486 | €191,827 | +€143,341 | +296% |
| Financial income | 75/76B | €20,447 | €9,793 | -€10,654 | -52.1% |
| Recurring financial income | 75 | €20,447 | €9,793 | -€10,654 | -52.1% |
| Financial charges | 65/66B | €1,898 | €7,298 | +€5,401 | +285% |
| Recurring financial charges | 65 | €1,898 | €7,298 | +€5,401 | +285% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €67,035 | €194,321 | +€127,286 | +190% |
| Income taxes | 67/77 | €17,330 | €61,003 | +€43,674 | +252% |
| Profit (loss) for the period | 9904 | €49,706 | €133,318 | +€83,612 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €49,706 | €133,318 | +€83,612 | +168% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.