AFSLUITINGEN BRACÉ: 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.
AFSLUITINGEN BRACÉ
Largest movements
- Tangible fixed assets +€64,434
up €64,434 (+15.1%), from €426,132 to €490,566
of which Leasing and similar rights: +€121,028
- Receivables within one year +€40,017
up €40,017 (+38.2%), from €104,737 to €144,754
of which Trade receivables: +€45,277
- Cash -€12,003
down €12,003 (-70.0%), from €17,159 to €5,156
mainly Investment in fixed assets (net) (-€128,035) and Trade debts (-€59,407)
- Stocks and contracts -€9,000
down €9,000 (-5.5%), from €165,000 to €156,000
of which Contracts in progress: -€14,000
- Debts after one year +€88,102
up €88,102 (+28.2%), from €312,812 to €400,913
- Trade debts -€59,407
down €59,407 (-63.5%), from €93,495 to €34,089
- Current portion of long-term debt +€51,280
up €51,280 (+89.2%), from €57,487 to €108,766
- Profit (loss) carried forward +€10,255
up €10,255 (+62.3%), from -€16,451 to -€6,196
- Gross operating margin +€63,655
up €63,655 (+27.1%), from €235,255 to €298,910
- Staff costs +€45,473
up €45,473 (+32.9%), from €138,403 to €183,876
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 | €720,976 | €799,010 | +€78,035 | +10.8% |
| Fixed assets | 21/28 | €434,081 | €490,566 | +€56,486 | +13.0% |
| Intangible fixed assets | 21 | €7,949 | - | -€7,949 | |
| Tangible fixed assets | 22/27 | €426,132 | €490,566 | +€64,434 | +15.1% |
| Land and buildings | 22 | €264,255 | €251,540 | -€12,715 | -4.8% |
| Plant, machinery and equipment | 23 | €15,666 | €11,650 | -€4,016 | -25.6% |
| Furniture and vehicles | 24 | €129,174 | €89,311 | -€39,862 | -30.9% |
| Leasing and similar rights | 25 | €17,037 | €138,066 | +€121,028 | +710% |
| Current assets | 29/58 | €286,895 | €308,444 | +€21,549 | +7.5% |
| Stocks and contracts in progress | 3 | €165,000 | €156,000 | -€9,000 | -5.5% |
| Stocks | 30/36 | €125,000 | €130,000 | +€5,000 | +4.0% |
| Contracts in progress | 37 | €40,000 | €26,000 | -€14,000 | -35.0% |
| Amounts receivable within one year | 40/41 | €104,737 | €144,754 | +€40,017 | +38.2% |
| Trade receivables | 40 | €49,521 | €94,798 | +€45,277 | +91.4% |
| Other amounts receivable | 41 | €55,215 | €49,956 | -€5,259 | -9.5% |
| Cash at bank and in hand | 54/58 | €17,159 | €5,156 | -€12,003 | -70.0% |
| Deferred charges and accrued income | 490/1 | - | €2,534 | +€2,534 | |
| Total equity and liabilities | 10/49 | €720,976 | €799,010 | +€78,035 | +10.8% |
| Equity | 10/15 | €111,353 | €121,608 | +€10,255 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,204 | €109,204 | = | 0.0% |
| Distributable reserves | 133 | €109,204 | €109,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,451 | -€6,196 | +€10,255 | +62.3% |
| Amounts payable | 17/49 | €609,623 | €677,403 | +€67,780 | +11.1% |
| Amounts payable after more than one year | 17 | €312,812 | €400,913 | +€88,102 | +28.2% |
| Financial debts | 170/4 | €312,812 | €400,913 | +€88,102 | +28.2% |
| Amounts payable within one year | 42/48 | €296,811 | €276,489 | -€20,322 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €57,487 | €108,766 | +€51,280 | +89.2% |
| Trade debts | 44 | €93,495 | €34,089 | -€59,407 | -63.5% |
| Suppliers | 440/4 | €93,495 | €34,089 | -€59,407 | -63.5% |
| Taxes, remuneration and social security | 45 | €11,211 | €6,187 | -€5,024 | -44.8% |
| Taxes | 450/3 | €3,415 | €2,589 | -€826 | -24.2% |
| Remuneration and social security | 454/9 | €7,796 | €3,598 | -€4,198 | -53.8% |
| Other amounts payable | 47/48 | €134,618 | €127,447 | -€7,171 | -5.3% |
| Non-recurring operating income | 76A | - | €5,681 | +€5,681 | |
| Remuneration, social security and pensions | 62 | €138,403 | €183,876 | +€45,473 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,073 | €71,549 | +€475 | +0.7% |
| Other operating charges | 640/8 | €1,934 | €4,474 | +€2,540 | +131% |
| Non-recurring operating charges | 66A | - | €7,491 | +€7,491 | |
| Gross operating margin | 9900 | €235,255 | €298,910 | +€63,655 | +27.1% |
| Operating profit (loss) | 9901 | €23,845 | €31,521 | +€7,675 | +32.2% |
| Financial income | 75/76B | €373 | €615 | +€242 | +65.0% |
| Recurring financial income | 75 | €373 | €615 | +€242 | +65.0% |
| Financial charges | 65/66B | €14,541 | €17,154 | +€2,612 | +18.0% |
| Recurring financial charges | 65 | €14,541 | €17,154 | +€2,612 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €9,677 | €14,982 | +€5,306 | +54.8% |
| Income taxes | 67/77 | €3,443 | €4,728 | +€1,285 | +37.3% |
| Profit (loss) for the period | 9904 | €6,234 | €10,255 | +€4,021 | +64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,234 | €10,255 | +€4,021 | +64.5% |
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 31 October 2026 via checked.be.