BRACKE ELKE: 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 ELKE
Largest movements
- Tangible fixed assets +€133,380
up €133,380 (+173.4%), from €76,899 to €210,280
of which Furniture and vehicles: +€131,018
- Cash +€47,541
up €47,541 (+22.0%), from €216,060 to €263,601
mainly Debts after one year (+€138,619) and Other debts (+€72,490)
- Receivables within one year +€18,179
up €18,179 (+199.6%), from €9,106 to €27,285
- Deferred charges and accrued income +€6,375
up €6,375 (+388.6%), from €1,641 to €8,016
- Debts after one year +€138,619
up €138,619 (+404.0%), from €34,313 to €172,931
- Other debts +€72,490
new in 2025: €72,490
- Reserves -€51,500
down €51,500 (-24.4%), from €211,360 to €159,860
- Current portion of long-term debt +€32,381
up €32,381 (+479.7%), from €6,750 to €39,131
- Trade debts +€10,415
up €10,415 (+348.6%), from €2,988 to €13,403
- Gross operating margin -€16,763
down €16,763 (-20.9%), from €80,118 to €63,354
- Taxes -€9,347
down €9,347 (-58.8%), from €15,901 to €6,554
- Depreciation +€8,646
up €8,646 (+59.7%), from €14,484 to €23,130
- Financial charges +€1,149
up €1,149 (+18.8%), from €6,117 to €7,266
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 | €307,396 | €510,731 | +€203,335 | +66.1% |
| Fixed assets | 21/28 | €76,899 | €210,280 | +€133,380 | +173.4% |
| Tangible fixed assets | 22/27 | €76,899 | €210,280 | +€133,380 | +173.4% |
| Plant, machinery and equipment | 23 | €16,104 | €21,858 | +€5,753 | +35.7% |
| Furniture and vehicles | 24 | €32,330 | €163,349 | +€131,018 | +405.2% |
| Other tangible fixed assets | 26 | €28,465 | €25,074 | -€3,392 | -11.9% |
| Current assets | 29/58 | €230,497 | €300,452 | +€69,955 | +30.3% |
| Stocks and contracts in progress | 3 | €3,691 | €1,550 | -€2,141 | -58.0% |
| Stocks | 30/36 | €3,691 | €1,550 | -€2,141 | -58.0% |
| Amounts receivable within one year | 40/41 | €9,106 | €27,285 | +€18,179 | +199.6% |
| Other amounts receivable | 41 | €9,106 | €27,285 | +€18,179 | +199.6% |
| Cash at bank and in hand | 54/58 | €216,060 | €263,601 | +€47,541 | +22.0% |
| Deferred charges and accrued income | 490/1 | €1,641 | €8,016 | +€6,375 | +388.6% |
| Total equity and liabilities | 10/49 | €307,396 | €510,731 | +€203,335 | +66.1% |
| Equity | 10/15 | €259,376 | €208,026 | -€51,351 | -19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €211,360 | €159,860 | -€51,500 | -24.4% |
| Distributable reserves | 133 | €211,360 | €159,860 | -€51,500 | -24.4% |
| Profit (loss) carried forward | 14 | €29,416 | €29,566 | +€149 | +0.5% |
| Amounts payable | 17/49 | €48,020 | €302,706 | +€254,685 | +530.4% |
| Amounts payable after more than one year | 17 | €34,313 | €172,931 | +€138,619 | +404.0% |
| Financial debts | 170/4 | €34,313 | €172,931 | +€138,619 | +404.0% |
| Amounts payable within one year | 42/48 | €13,708 | €129,774 | +€116,067 | +846.7% |
| Current portion of amounts payable after more than one year | 42 | €6,750 | €39,131 | +€32,381 | +479.7% |
| Trade debts | 44 | €2,988 | €13,403 | +€10,415 | +348.6% |
| Suppliers | 440/4 | €2,988 | €13,403 | +€10,415 | +348.6% |
| Taxes, remuneration and social security | 45 | €3,970 | €4,750 | +€780 | +19.6% |
| Taxes | 450/3 | €3,970 | €4,750 | +€780 | +19.6% |
| Other amounts payable | 47/48 | - | €72,490 | +€72,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,484 | €23,130 | +€8,646 | +59.7% |
| Other operating charges | 640/8 | €1,369 | €1,408 | +€39 | +2.8% |
| Gross operating margin | 9900 | €80,118 | €63,354 | -€16,763 | -20.9% |
| Operating profit (loss) | 9901 | €64,265 | €38,816 | -€25,448 | -39.6% |
| Financial income | 75/76B | €552 | €653 | +€102 | +18.4% |
| Recurring financial income | 75 | €552 | €653 | +€102 | +18.4% |
| Financial charges | 65/66B | €6,117 | €7,266 | +€1,149 | +18.8% |
| Recurring financial charges | 65 | €6,117 | €7,266 | +€1,149 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €58,700 | €32,203 | -€26,496 | -45.1% |
| Income taxes | 67/77 | €15,901 | €6,554 | -€9,347 | -58.8% |
| Profit (loss) for the period | 9904 | €42,799 | €25,649 | -€17,149 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,799 | €25,649 | -€17,149 | -40.1% |
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 3 October 2026 via checked.be.