BRACK: 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.
BRACK
Largest movements
- Cash +€299,759
up €299,759 (+1006.8%), from €29,772 to €329,531
mainly Receivables within one year (+€298,089) and Depreciation (+€9,042)
- Receivables within one year -€298,089
down €298,089 (-72.3%), from €412,320 to €114,231
of which Trade receivables: -€303,857
- Tangible fixed assets -€9,042
down €9,042 (-26.9%), from €33,644 to €24,603
of which Furniture and vehicles: -€5,408
- Stocks and contracts -€7,701
down €7,701 (-5.7%), from €135,089 to €127,388
- Tax, wage and social debts -€13,127
down €13,127 (-10.7%), from €122,996 to €109,870
of which Taxes: -€14,441
- Reserves +€8,001
up €8,001 (+2.2%), from €368,364 to €376,365
of which Distributable reserves: +€8,001
- Debts after one year -€7,282
down €7,282 (-40.1%), from €18,162 to €10,880
- Gross operating margin -€271,454
down €271,454 (-72.3%), from €375,240 to €103,786
- Taxes -€83,611
down €83,611 (-95.0%), from €88,010 to €4,399
- Depreciation -€5,402
down €5,402 (-37.4%), from €14,444 to €9,042
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €619,290 | €603,535 | -€15,754 | -2.5% |
| Fixed assets | 21/28 | €39,382 | €30,340 | -€9,042 | -23.0% |
| Tangible fixed assets | 22/27 | €33,644 | €24,603 | -€9,042 | -26.9% |
| Land and buildings | 22 | €10,486 | €6,853 | -€3,633 | -34.7% |
| Furniture and vehicles | 24 | €23,158 | €17,750 | -€5,408 | -23.4% |
| Financial fixed assets | 28 | €5,737 | €5,737 | = | 0.0% |
| Current assets | 29/58 | €579,908 | €573,196 | -€6,712 | -1.2% |
| Stocks and contracts in progress | 3 | €135,089 | €127,388 | -€7,701 | -5.7% |
| Stocks | 30/36 | €135,089 | €127,388 | -€7,701 | -5.7% |
| Amounts receivable within one year | 40/41 | €412,320 | €114,231 | -€298,089 | -72.3% |
| Trade receivables | 40 | €317,818 | €13,960 | -€303,857 | -95.6% |
| Other amounts receivable | 41 | €94,502 | €100,271 | +€5,768 | +6.1% |
| Cash at bank and in hand | 54/58 | €29,772 | €329,531 | +€299,759 | +1006.8% |
| Deferred charges and accrued income | 490/1 | €2,727 | €2,045 | -€682 | -25.0% |
| Total equity and liabilities | 10/49 | €619,290 | €603,535 | -€15,754 | -2.5% |
| Equity | 10/15 | €430,338 | €438,338 | +€8,001 | +1.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €368,364 | €376,365 | +€8,001 | +2.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €362,167 | €370,167 | +€8,001 | +2.2% |
| Amounts payable | 17/49 | €188,952 | €165,197 | -€23,755 | -12.6% |
| Amounts payable after more than one year | 17 | €18,162 | €10,880 | -€7,282 | -40.1% |
| Financial debts | 170/4 | €18,162 | €10,880 | -€7,282 | -40.1% |
| Amounts payable within one year | 42/48 | €170,790 | €154,317 | -€16,472 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €6,969 | €7,282 | +€313 | +4.5% |
| Trade debts | 44 | €38,172 | €37,165 | -€1,006 | -2.6% |
| Suppliers | 440/4 | €38,172 | €37,165 | -€1,006 | -2.6% |
| Taxes, remuneration and social security | 45 | €122,996 | €109,870 | -€13,127 | -10.7% |
| Taxes | 450/3 | €115,085 | €100,644 | -€14,441 | -12.5% |
| Remuneration and social security | 454/9 | €7,911 | €9,225 | +€1,314 | +16.6% |
| Other amounts payable | 47/48 | €2,652 | - | -€2,652 | |
| Remuneration, social security and pensions | 62 | €75,395 | €73,693 | -€1,701 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,444 | €9,042 | -€5,402 | -37.4% |
| Other operating charges | 640/8 | €7,544 | €5,532 | -€2,012 | -26.7% |
| Non-recurring operating charges | 66A | €405 | €46 | -€359 | -88.7% |
| Gross operating margin | 9900 | €375,240 | €103,786 | -€271,454 | -72.3% |
| Operating profit (loss) | 9901 | €277,453 | €15,473 | -€261,980 | -94.4% |
| Financial income | 75/76B | €2,727 | €2,283 | -€444 | -16.3% |
| Recurring financial income | 75 | €2,727 | €2,283 | -€444 | -16.3% |
| Financial charges | 65/66B | €5,013 | €5,356 | +€343 | +6.8% |
| Recurring financial charges | 65 | €5,013 | €5,356 | +€343 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €275,166 | €12,399 | -€262,767 | -95.5% |
| Income taxes | 67/77 | €88,010 | €4,399 | -€83,611 | -95.0% |
| Profit (loss) for the period | 9904 | €187,156 | €8,001 | -€179,155 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €187,156 | €8,001 | -€179,155 | -95.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.