LE BRAHC: 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.
LE BRAHC
Largest movements
- Cash -€5,000
down €5,000 (-49.1%), from €10,192 to €5,192
mainly Other debts (-€18,141) and Investment in fixed assets (net) (-€7,840)
- Tangible fixed assets +€3,462
up €3,462 (+59.9%), from €5,784 to €9,246
of which Furniture and vehicles: +€5,676
- Other debts -€18,141
down €18,141 (-47.3%), from €38,370 to €20,229
- Profit (loss) carried forward +€10,997
up €10,997 (+19.2%), from -€57,141 to -€46,144
- Current portion of long-term debt +€4,066
new in 2025: €4,066
- Trade debts +€1,449
up €1,449 (+1,511%), from €96 to €1,545
- Debts after one year +€346
new in 2025: €346
- Gross operating margin +€5,020
up €5,020 (+32.9%), from €15,276 to €20,296
- Other operating charges +€1,159
up €1,159 (+121%), from €956 to €2,115
- Depreciation +€776
up €776 (+21.5%), from €3,603 to €4,378
- Financial income -€747
down €747 (-100.0%), from €747 to €0
- Financial charges +€329
up €329 (+14.5%), from €2,269 to €2,598
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 | €22,051 | €20,642 | -€1,409 | -6.4% |
| Fixed assets | 21/28 | €10,534 | €13,996 | +€3,462 | +32.9% |
| Tangible fixed assets | 22/27 | €5,784 | €9,246 | +€3,462 | +59.9% |
| Plant, machinery and equipment | 23 | €4,969 | €2,754 | -€2,214 | -44.6% |
| Furniture and vehicles | 24 | €816 | €6,492 | +€5,676 | +696% |
| Financial fixed assets | 28 | €4,750 | €4,750 | = | 0.0% |
| Current assets | 29/58 | €11,517 | €6,645 | -€4,872 | -42.3% |
| Stocks and contracts in progress | 3 | €491 | €434 | -€56 | -11.5% |
| Stocks | 30/36 | €491 | €434 | -€56 | -11.5% |
| Amounts receivable within one year | 40/41 | €119 | €280 | +€161 | +135% |
| Trade receivables | 40 | €106 | €262 | +€157 | +148% |
| Other amounts receivable | 41 | €14 | €18 | +€4 | +28.3% |
| Cash at bank and in hand | 54/58 | €10,192 | €5,192 | -€5,000 | -49.1% |
| Deferred charges and accrued income | 490/1 | €715 | €739 | +€24 | +3.4% |
| Total equity and liabilities | 10/49 | €22,051 | €20,642 | -€1,409 | -6.4% |
| Equity | 10/15 | -€18,681 | -€7,684 | +€10,997 | +58.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,141 | -€46,144 | +€10,997 | +19.2% |
| Amounts payable | 17/49 | €40,732 | €28,326 | -€12,406 | -30.5% |
| Amounts payable after more than one year | 17 | - | €346 | +€346 | |
| Financial debts | 170/4 | - | €346 | +€346 | |
| Amounts payable within one year | 42/48 | €40,732 | €27,980 | -€12,753 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,066 | +€4,066 | |
| Trade debts | 44 | €96 | €1,545 | +€1,449 | +1,511% |
| Suppliers | 440/4 | €96 | €1,545 | +€1,449 | +1,511% |
| Taxes, remuneration and social security | 45 | €2,266 | €2,140 | -€126 | -5.6% |
| Taxes | 450/3 | €2,266 | €2,140 | -€126 | -5.6% |
| Other amounts payable | 47/48 | €38,370 | €20,229 | -€18,141 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,603 | €4,378 | +€776 | +21.5% |
| Other operating charges | 640/8 | €956 | €2,115 | +€1,159 | +121% |
| Gross operating margin | 9900 | €15,276 | €20,296 | +€5,020 | +32.9% |
| Operating profit (loss) | 9901 | €10,717 | €13,803 | +€3,086 | +28.8% |
| Financial income | 75/76B | €747 | €0 | -€747 | -100.0% |
| Recurring financial income | 75 | €747 | €0 | -€747 | -100.0% |
| Financial charges | 65/66B | €2,269 | €2,598 | +€329 | +14.5% |
| Recurring financial charges | 65 | €2,269 | €2,598 | +€329 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €9,195 | €11,204 | +€2,009 | +21.8% |
| Income taxes | 67/77 | €377 | €207 | -€170 | -45.0% |
| Profit (loss) for the period | 9904 | €8,818 | €10,997 | +€2,179 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,818 | €10,997 | +€2,179 | +24.7% |
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 26 October 2026 via checked.be.