BRABINVEST: what changed
Two fiscal 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.
BRABINVEST
Largest movements
- Receivables after one year +€129,946
up €129,946 (+38.5%), from €337,793 to €467,739
- Receivables within one year +€87,650
up €87,650 (+779.8%), from €11,240 to €98,889
of which Other amounts receivable: +€98,877
- Tangible fixed assets -€80,851
down €80,851 (-10.5%), from €771,318 to €690,467
of which Land and buildings: -€70,465
- Debts after one year +€125,000
new in 2025: €125,000
- Gross operating margin +€49,436
up €49,436 (+32.2%), from €153,507 to €202,944
- Financial charges -€19,097
down €19,097 (-98.5%), from €19,386 to €289
of which Non-recurring financial charges: -€18,952
- Taxes -€16,284
down €16,284 (-83.5%), from €19,500 to €3,216
- Depreciation +€5,637
up €5,637 (+6.8%), from €82,632 to €88,269
- Financial income +€3,134
up €3,134 (+56.2%), from €5,572 to €8,706
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 | €1,140,117 | €1,267,890 | +€127,773 | +11.2% |
| Fixed assets | 21/28 | €771,318 | €690,467 | -€80,851 | -10.5% |
| Tangible fixed assets | 22/27 | €771,318 | €690,467 | -€80,851 | -10.5% |
| Land and buildings | 22 | €752,431 | €681,965 | -€70,465 | -9.4% |
| Furniture and vehicles | 24 | €18,887 | €8,501 | -€10,386 | -55.0% |
| Current assets | 29/58 | €368,799 | €577,423 | +€208,624 | +56.6% |
| Amounts receivable after more than one year | 29 | €337,793 | €467,739 | +€129,946 | +38.5% |
| Trade receivables | 290 | €337,793 | €467,739 | +€129,946 | +38.5% |
| Stocks and contracts in progress | 3 | €4,590 | - | -€4,590 | |
| Stocks | 30/36 | €4,590 | - | -€4,590 | |
| Amounts receivable within one year | 40/41 | €11,240 | €98,889 | +€87,650 | +779.8% |
| Trade receivables | 40 | €11,227 | - | -€11,227 | |
| Other amounts receivable | 41 | €12 | €98,889 | +€98,877 | +819197.1% |
| Cash at bank and in hand | 54/58 | €15,176 | €10,796 | -€4,381 | -28.9% |
| Total equity and liabilities | 10/49 | €1,140,117 | €1,267,890 | +€127,773 | +11.2% |
| Equity | 10/15 | €1,135,076 | €1,128,096 | -€6,980 | -0.6% |
| Contributions | 10/11 | €62,006 | €62,006 | = | 0.0% |
| Capital | 10 | €62,006 | €62,006 | = | 0.0% |
| Issued capital | 100 | €62,006 | €62,006 | = | 0.0% |
| Reserves | 13 | €839,601 | €839,601 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,201 | €6,201 | = | 0.0% |
| Legal reserve | 130 | €6,201 | €6,201 | = | 0.0% |
| Distributable reserves | 133 | €833,400 | €833,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,470 | €226,490 | -€6,980 | -3.0% |
| Amounts payable | 17/49 | €5,041 | €139,794 | +€134,753 | +2673.1% |
| Amounts payable after more than one year | 17 | - | €125,000 | +€125,000 | |
| Other amounts payable | 178/9 | - | €125,000 | +€125,000 | |
| Amounts payable within one year | 42/48 | €4,741 | €14,000 | +€9,259 | +195.3% |
| Trade debts | 44 | €3,832 | €10,000 | +€6,168 | +160.9% |
| Suppliers | 440/4 | €3,832 | €10,000 | +€6,168 | +160.9% |
| Other amounts payable | 47/48 | €909 | €4,000 | +€3,091 | +340.2% |
| Accrued charges and deferred income | 492/3 | €300 | €794 | +€494 | +164.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,632 | €88,269 | +€5,637 | +6.8% |
| Other operating charges | 640/8 | €1,859 | €1,856 | -€3 | -0.2% |
| Gross operating margin | 9900 | €153,507 | €202,944 | +€49,436 | +32.2% |
| Operating profit (loss) | 9901 | €69,017 | €112,819 | +€43,802 | +63.5% |
| Financial income | 75/76B | €5,572 | €8,706 | +€3,134 | +56.2% |
| Recurring financial income | 75 | €5,572 | €8,706 | +€3,134 | +56.2% |
| Financial charges | 65/66B | €19,386 | €289 | -€19,097 | -98.5% |
| Recurring financial charges | 65 | €434 | €289 | -€145 | -33.5% |
| Non-recurring financial charges | 66B | €18,952 | - | -€18,952 | |
| Profit (loss) for the period before taxes | 9903 | €55,203 | €121,236 | +€66,033 | +119.6% |
| Income taxes | 67/77 | €19,500 | €3,216 | -€16,284 | -83.5% |
| Profit (loss) for the period | 9904 | €35,703 | €118,020 | +€82,317 | +230.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,703 | €118,020 | +€82,317 | +230.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.