BRABEX: 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.
What changed
BRABEX
NACE 47.559, Retail sale of other household articles
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€7,627
2025 · €150,138-€142,510
Equity
€318,828
2025 · €311,201+€7,627
Cash
€130,024
2025 · €102,928+€27,096
Balance sheet total
€512,097
2025 · €524,045-€11,947
Largest movements
Assets
- Cash +€27,096
up €27,096 (+26.3%), from €102,928 to €130,024
mainly Trade debts (+€79,343) and Receivables after one year (+€26,694)
- Receivables after one year -€26,694
down €26,694 (-100%), from €26,694 to €0
- Receivables within one year -€13,123
down €13,123 (-5.2%), from €250,008 to €236,886
of which Other amounts receivable: -€57,099
Equity and liabilities
- Other debts -€91,724
down €91,724 (-91.0%), from €100,826 to €9,103
- Trade debts +€79,343
up €79,343 (+150%), from €52,945 to €132,288
- Profit (loss) carried forward +€7,627
up €7,627 (+10.1%), from €75,284 to €82,912
Income statement
- Gross operating margin -€110,156
down €110,156 (-20.5%), from €538,582 to €428,426
- Staff costs +€38,613
up €38,613 (+10.8%), from €359,151 to €397,764
- Taxes -€14,858
down €14,858 (-62.9%), from €23,624 to €8,766
From the 2025 result to the 2026 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.
Result 2025
€150,138
Gross operating margin
-€110,156
Staff costs
-€38,613
Depreciation
-€1,254
Other operating charges
+€922
Financial income
-€5,357
Financial charges
-€2,910
Taxes
+€14,858
Result 2026
€7,627
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€41,593
Investment
-€10,438
Financing
-€4,058
Cash 2025
€102,928
From operations (derived)
+€41,593
Net result for the year
+€7,627
Depreciation
+€13,285
Receivables after one year
+€26,694
Receivables within one year
+€13,123
Deferred charges and accrued income
-€3,619
Trade debts
+€79,343
Tax, wage and social debts
-€3,481
Other debts
-€91,724
Accrued charges and deferred income
+€346
Investment (derived)
-€10,438
Investment in fixed assets (net)
-€14,950
Current investments
+€4,511
Financing
-€4,058
Debts after one year
-€4,441
Current portion of long-term debt
+€181
Short-term financial debts
+€202
Cash 2026
€130,024
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €524,045 | €512,097 | -€11,947 | -2.3% |
| Fixed assets | 21/28 | €67,513 | €69,177 | +€1,665 | +2.5% |
| Tangible fixed assets | 22/27 | €67,465 | €69,081 | +€1,617 | +2.4% |
| Land and buildings | 22 | €38,101 | €45,627 | +€7,526 | +19.8% |
| Plant, machinery and equipment | 23 | €1,594 | €2,446 | +€852 | +53.4% |
| Furniture and vehicles | 24 | €13,852 | €10,374 | -€3,477 | -25.1% |
| Leasing and similar rights | 25 | €13,918 | €10,634 | -€3,284 | -23.6% |
| Financial fixed assets | 28 | €48 | €96 | +€48 | +100% |
| Current assets | 29/58 | €456,532 | €442,920 | -€13,612 | -3.0% |
| Amounts receivable after more than one year | 29 | €26,694 | €0 | -€26,694 | -100% |
| Other amounts receivable | 291 | €26,694 | €0 | -€26,694 | -100% |
| Stocks and contracts in progress | 3 | €48,680 | €48,680 | = | 0.0% |
| Stocks | 30/36 | €48,680 | €48,680 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €250,008 | €236,886 | -€13,123 | -5.2% |
| Trade receivables | 40 | €186,666 | €230,643 | +€43,977 | +23.6% |
| Other amounts receivable | 41 | €63,343 | €6,243 | -€57,099 | -90.1% |
| Current investments | 50/53 | €20,852 | €16,341 | -€4,511 | -21.6% |
| Cash at bank and in hand | 54/58 | €102,928 | €130,024 | +€27,096 | +26.3% |
| Deferred charges and accrued income | 490/1 | €7,370 | €10,989 | +€3,619 | +49.1% |
| Total equity and liabilities | 10/49 | €524,045 | €512,097 | -€11,947 | -2.3% |
| Equity | 10/15 | €311,201 | €318,828 | +€7,627 | +2.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €204,930 | €204,930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €201,831 | €201,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,284 | €82,912 | +€7,627 | +10.1% |
| Amounts payable | 17/49 | €212,844 | €193,269 | -€19,575 | -9.2% |
| Amounts payable after more than one year | 17 | €9,065 | €4,624 | -€4,441 | -49.0% |
| Financial debts | 170/4 | €9,065 | €4,624 | -€4,441 | -49.0% |
| Amounts payable within one year | 42/48 | €203,778 | €188,299 | -€15,479 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €8,080 | €8,261 | +€181 | +2.2% |
| Financial debts | 43 | - | €202 | +€202 | |
| Credit institutions | 430/8 | - | €202 | +€202 | |
| Trade debts | 44 | €52,945 | €132,288 | +€79,343 | +150% |
| Suppliers | 440/4 | €52,945 | €132,288 | +€79,343 | +150% |
| Taxes, remuneration and social security | 45 | €41,928 | €38,446 | -€3,481 | -8.3% |
| Taxes | 450/3 | €19,583 | €10,848 | -€8,735 | -44.6% |
| Remuneration and social security | 454/9 | €22,345 | €27,598 | +€5,253 | +23.5% |
| Other amounts payable | 47/48 | €100,826 | €9,103 | -€91,724 | -91.0% |
| Accrued charges and deferred income | 492/3 | - | €346 | +€346 | |
| Non-recurring operating income | 76A | - | €15,514 | +€15,514 | |
| Remuneration, social security and pensions | 62 | €359,151 | €397,764 | +€38,613 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,031 | €13,285 | +€1,254 | +10.4% |
| Other operating charges | 640/8 | €4,556 | €3,634 | -€922 | -20.2% |
| Gross operating margin | 9900 | €538,582 | €428,426 | -€110,156 | -20.5% |
| Operating profit (loss) | 9901 | €162,844 | €13,744 | -€149,101 | -91.6% |
| Financial income | 75/76B | €14,724 | €9,367 | -€5,357 | -36.4% |
| Recurring financial income | 75 | €14,724 | €9,367 | -€5,357 | -36.4% |
| Financial charges | 65/66B | €3,807 | €6,717 | +€2,910 | +76.4% |
| Recurring financial charges | 65 | €3,807 | €6,717 | +€2,910 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €173,762 | €16,394 | -€157,368 | -90.6% |
| Income taxes | 67/77 | €23,624 | €8,766 | -€14,858 | -62.9% |
| Profit (loss) for the period | 9904 | €150,138 | €7,627 | -€142,510 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,138 | €7,627 | -€142,510 | -94.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.