BRACKE: 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.
BRACKE
Largest movements
- Stocks and contracts -€512,276
down €512,276 (-100.0%), from €512,276 to €0
- Current investments +€242,017
new in 2025: €242,017
- Cash +€133,026
up €133,026 (+53.5%), from €248,624 to €381,650
mainly Stocks and contracts (+€512,276) and Net result for the year (+€118,004)
- Receivables within one year -€81,740
down €81,740 (-93.5%), from €87,443 to €5,702
of which Trade receivables: -€52,248
- Tangible fixed assets +€15,187
up €15,187 (+5.3%), from €288,473 to €303,661
of which Furniture and vehicles: +€37,070
- Reserves -€344,000
down €344,000 (-48.8%), from €704,371 to €360,371
of which Distributable reserves: -€344,000
- Profit (loss) carried forward +€118,004
up €118,004 (+139.8%), from €84,415 to €202,419
- Tax, wage and social debts +€49,395
up €49,395 (+438.1%), from €11,274 to €60,669
of which Taxes: +€60,669
- Trade debts -€33,116
down €33,116 (-82.4%), from €40,167 to €7,051
- Other debts +€30,930
up €30,930 (+16.6%), from €186,589 to €217,519
- Gross operating margin -€190,091
down €190,091 (-47.0%), from €404,431 to €214,340
- Staff costs -€117,334
down €117,334 (-95.8%), from €122,505 to €5,171
- Taxes -€36,269
down €36,269 (-45.5%), from €79,739 to €43,469
- Other operating charges +€7,686
up €7,686 (+60.7%), from €12,667 to €20,353
- Depreciation +€6,168
up €6,168 (+32.0%), from €19,246 to €25,415
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 | €1,136,816 | €933,030 | -€203,786 | -17.9% |
| Fixed assets | 21/28 | €288,473 | €303,661 | +€15,187 | +5.3% |
| Tangible fixed assets | 22/27 | €288,473 | €303,661 | +€15,187 | +5.3% |
| Land and buildings | 22 | €216,456 | €203,754 | -€12,701 | -5.9% |
| Plant, machinery and equipment | 23 | €65,291 | €56,110 | -€9,181 | -14.1% |
| Furniture and vehicles | 24 | €6,727 | €43,796 | +€37,070 | +551.1% |
| Current assets | 29/58 | €848,343 | €629,369 | -€218,973 | -25.8% |
| Stocks and contracts in progress | 3 | €512,276 | €0 | -€512,276 | -100.0% |
| Stocks | 30/36 | €512,276 | €0 | -€512,276 | -100.0% |
| Amounts receivable within one year | 40/41 | €87,443 | €5,702 | -€81,740 | -93.5% |
| Trade receivables | 40 | €52,248 | €0 | -€52,248 | -100.0% |
| Other amounts receivable | 41 | €35,195 | €5,702 | -€29,493 | -83.8% |
| Current investments | 50/53 | - | €242,017 | +€242,017 | |
| Cash at bank and in hand | 54/58 | €248,624 | €381,650 | +€133,026 | +53.5% |
| Total equity and liabilities | 10/49 | €1,136,816 | €933,030 | -€203,786 | -17.9% |
| Equity | 10/15 | €873,786 | €647,790 | -€225,996 | -25.9% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €704,371 | €360,371 | -€344,000 | -48.8% |
| Tax-exempt reserves | 132 | €12,471 | €12,471 | = | 0.0% |
| Distributable reserves | 133 | €691,900 | €347,900 | -€344,000 | -49.7% |
| Profit (loss) carried forward | 14 | €84,415 | €202,419 | +€118,004 | +139.8% |
| Amounts payable | 17/49 | €263,030 | €285,240 | +€22,210 | +8.4% |
| Amounts payable within one year | 42/48 | €263,030 | €285,240 | +€22,210 | +8.4% |
| Trade debts | 44 | €40,167 | €7,051 | -€33,116 | -82.4% |
| Suppliers | 440/4 | €40,167 | €7,051 | -€33,116 | -82.4% |
| Advances received on contracts in progress | 46 | €25,000 | €0 | -€25,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,274 | €60,669 | +€49,395 | +438.1% |
| Taxes | 450/3 | - | €60,669 | +€60,669 | |
| Remuneration and social security | 454/9 | €11,274 | €0 | -€11,274 | -100.0% |
| Other amounts payable | 47/48 | €186,589 | €217,519 | +€30,930 | +16.6% |
| Non-recurring operating income | 76A | - | €175,500 | +€175,500 | |
| Remuneration, social security and pensions | 62 | €122,505 | €5,171 | -€117,334 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,246 | €25,415 | +€6,168 | +32.0% |
| Other operating charges | 640/8 | €12,667 | €20,353 | +€7,686 | +60.7% |
| Gross operating margin | 9900 | €404,431 | €214,340 | -€190,091 | -47.0% |
| Operating profit (loss) | 9901 | €250,013 | €163,401 | -€86,612 | -34.6% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €5,154 | €1,928 | -€3,226 | -62.6% |
| Recurring financial charges | 65 | €5,154 | €1,928 | -€3,226 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €244,865 | €161,473 | -€83,392 | -34.1% |
| Income taxes | 67/77 | €79,739 | €43,469 | -€36,269 | -45.5% |
| Profit (loss) for the period | 9904 | €165,127 | €118,004 | -€47,123 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €165,127 | €118,004 | -€47,123 | -28.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.