BRAC À BRIC: 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.
BRAC À BRIC
Largest movements
- Stocks and contracts +€32,106
up €32,106 (+121.6%), from €26,396 to €58,502
- Cash -€28,352
down €28,352 (-25.3%), from €112,074 to €83,722
mainly Net result for the year (-€400,516) and Investment in fixed assets (net) (-€92,825)
- Deferred charges and accrued income +€21,708
up €21,708 (+149.1%), from €14,562 to €36,270
- Tangible fixed assets -€14,717
down €14,717 (-7.0%), from €209,790 to €195,072
- Receivables within one year +€9,971
up €9,971 (+33.8%), from €29,485 to €39,456
of which Other amounts receivable: +€24,741
- Profit (loss) carried forward -€400,516
down €400,516 (-410.6%), from -€97,546 to -€498,063
- Other debts +€237,317
up €237,317 (+136.9%), from €173,358 to €410,675
- Trade debts +€140,798
up €140,798 (+163.6%), from €86,061 to €226,859
- Short-term financial debts +€100,000
new in 2025: €100,000
- Debts after one year -€41,957
down €41,957 (-75.0%), from €55,942 to €13,986
- Gross operating margin -€522,544
down €522,544 (-456.6%), from -€114,437 to -€636,981
- Financial income +€204,756
up €204,756 (+223.8%), from €91,500 to €296,256
- Depreciation +€29,746
up €29,746 (+39.4%), from €75,528 to €105,274
- Financial charges +€17,925
up €17,925 (+78.3%), from €22,906 to €40,831
- Staff costs +€7,775
up €7,775 (+388.2%), from €2,003 to €9,778
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 | €395,052 | €418,036 | +€22,984 | +5.8% |
| Formation expenses | 20 | €1,745 | €1,163 | -€582 | -33.3% |
| Fixed assets | 21/28 | €210,790 | €198,922 | -€11,867 | -5.6% |
| Tangible fixed assets | 22/27 | €209,790 | €195,072 | -€14,717 | -7.0% |
| Plant, machinery and equipment | 23 | €209,790 | €195,072 | -€14,717 | -7.0% |
| Financial fixed assets | 28 | €1,000 | €3,850 | +€2,850 | +285.0% |
| Current assets | 29/58 | €182,517 | €217,950 | +€35,433 | +19.4% |
| Stocks and contracts in progress | 3 | €26,396 | €58,502 | +€32,106 | +121.6% |
| Stocks | 30/36 | €26,396 | €58,502 | +€32,106 | +121.6% |
| Amounts receivable within one year | 40/41 | €29,485 | €39,456 | +€9,971 | +33.8% |
| Trade receivables | 40 | €28,561 | €13,792 | -€14,769 | -51.7% |
| Other amounts receivable | 41 | €923 | €25,664 | +€24,741 | +2679.9% |
| Cash at bank and in hand | 54/58 | €112,074 | €83,722 | -€28,352 | -25.3% |
| Deferred charges and accrued income | 490/1 | €14,562 | €36,270 | +€21,708 | +149.1% |
| Total equity and liabilities | 10/49 | €395,052 | €418,036 | +€22,984 | +5.8% |
| Equity | 10/15 | €8,429 | -€404,463 | -€412,891 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,546 | -€498,063 | -€400,516 | -410.6% |
| Investment grants | 15 | €87,375 | €75,000 | -€12,375 | -14.2% |
| Provisions and deferred taxes | 16 | €29,125 | €25,000 | -€4,125 | -14.2% |
| Deferred taxes | 168 | €29,125 | €25,000 | -€4,125 | -14.2% |
| Amounts payable | 17/49 | €357,498 | €797,499 | +€440,000 | +123.1% |
| Amounts payable after more than one year | 17 | €55,942 | €13,986 | -€41,957 | -75.0% |
| Other amounts payable | 178/9 | €55,942 | €13,986 | -€41,957 | -75.0% |
| Amounts payable within one year | 42/48 | €301,375 | €779,599 | +€478,224 | +158.7% |
| Current portion of amounts payable after more than one year | 42 | €41,957 | €41,957 | = | 0.0% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €86,061 | €226,859 | +€140,798 | +163.6% |
| Suppliers | 440/4 | €86,061 | €226,859 | +€140,798 | +163.6% |
| Advances received on contracts in progress | 46 | - | €109 | +€109 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €173,358 | €410,675 | +€237,317 | +136.9% |
| Accrued charges and deferred income | 492/3 | €181 | €3,914 | +€3,733 | +2065.9% |
| Remuneration, social security and pensions | 62 | €2,003 | €9,778 | +€7,775 | +388.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,528 | €105,274 | +€29,746 | +39.4% |
| Other operating charges | 640/8 | €944 | €2,659 | +€1,715 | +181.5% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€114,437 | -€636,981 | -€522,544 | -456.6% |
| Operating profit (loss) | 9901 | -€192,912 | -€754,692 | -€561,780 | -291.2% |
| Financial income | 75/76B | €91,500 | €296,256 | +€204,756 | +223.8% |
| Recurring financial income | 75 | €91,500 | €296,256 | +€204,756 | +223.8% |
| Financial charges | 65/66B | €22,906 | €40,831 | +€17,925 | +78.3% |
| Recurring financial charges | 65 | €22,906 | €40,831 | +€17,925 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | -€124,317 | -€499,266 | -€374,949 | -301.6% |
| Transfer from deferred taxes | 780 | €27,500 | €98,750 | +€71,250 | +259.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€96,817 | -€400,516 | -€303,699 | -313.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,817 | -€400,516 | -€303,699 | -313.7% |
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.