BRACKE ERWIN: what changed
Two financial 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 ERWIN
Largest movements
- Tangible fixed assets -€15,985
down €15,985 (-26.0%), from €61,568 to €45,582
of which Furniture and vehicles: -€15,592
- Cash -€11,248
down €11,248 (-6.8%), from €166,297 to €155,049
mainly Net result for the year (-€15,250) and Debts after one year (-€7,012)
- Reserves -€15,250
down €15,250 (-4.4%), from €347,160 to €331,910
of which Distributable reserves: -€15,250
- Debts after one year -€7,012
down €7,012 (-32.9%), from €21,301 to €14,289
- Gross operating margin -€12,074
down €12,074, from €11,676 to -€398
- Financial income +€948
up €948 (+37.2%), from €2,550 to €3,498
- Financial charges -€251
down €251 (-14.6%), from €1,721 to €1,470
- Other operating charges -€248
down €248 (-27.2%), from €910 to €662
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.
Derived cash bridge
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 | €392,101 | €366,624 | -€25,477 | -6.5% |
| Fixed assets | 21/28 | €126,568 | €110,582 | -€15,985 | -12.6% |
| Tangible fixed assets | 22/27 | €61,568 | €45,582 | -€15,985 | -26.0% |
| Plant, machinery and equipment | 23 | €1,549 | €1,156 | -€393 | -25.4% |
| Furniture and vehicles | 24 | €60,018 | €44,426 | -€15,592 | -26.0% |
| Financial fixed assets | 28 | €65,000 | €65,000 | = | 0.0% |
| Current assets | 29/58 | €265,534 | €256,041 | -€9,492 | -3.6% |
| Amounts receivable within one year | 40/41 | €99,237 | €100,992 | +€1,756 | +1.8% |
| Trade receivables | 40 | €33,888 | €33,346 | -€542 | -1.6% |
| Other amounts receivable | 41 | €65,348 | €67,646 | +€2,298 | +3.5% |
| Cash at bank and in hand | 54/58 | €166,297 | €155,049 | -€11,248 | -6.8% |
| Total equity and liabilities | 10/49 | €392,101 | €366,624 | -€25,477 | -6.5% |
| Equity | 10/15 | €359,860 | €344,610 | -€15,250 | -4.2% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €347,160 | €331,910 | -€15,250 | -4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €345,300 | €330,050 | -€15,250 | -4.4% |
| Amounts payable | 17/49 | €32,241 | €22,014 | -€10,227 | -31.7% |
| Amounts payable after more than one year | 17 | €21,301 | €14,289 | -€7,012 | -32.9% |
| Financial debts | 170/4 | €21,301 | €14,289 | -€7,012 | -32.9% |
| Amounts payable within one year | 42/48 | €10,940 | €7,725 | -€3,215 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €6,725 | €7,012 | +€287 | +4.3% |
| Trade debts | 44 | €201 | €126 | -€74 | -37.0% |
| Suppliers | 440/4 | €201 | €126 | -€74 | -37.0% |
| Taxes, remuneration and social security | 45 | €4,014 | €586 | -€3,428 | -85.4% |
| Taxes | 450/3 | €4,014 | €586 | -€3,428 | -85.4% |
| Non-recurring operating income | 76A | €15,683 | - | -€15,683 | |
| Remuneration, social security and pensions | 62 | €9 | - | -€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,029 | €15,985 | -€44 | -0.3% |
| Other operating charges | 640/8 | €910 | €662 | -€248 | -27.2% |
| Gross operating margin | 9900 | €11,676 | -€398 | -€12,074 | |
| Operating profit (loss) | 9901 | -€5,272 | -€17,045 | -€11,773 | -223% |
| Financial income | 75/76B | €2,550 | €3,498 | +€948 | +37.2% |
| Recurring financial income | 75 | €2,550 | €3,498 | +€948 | +37.2% |
| Financial charges | 65/66B | €1,721 | €1,470 | -€251 | -14.6% |
| Recurring financial charges | 65 | €1,721 | €1,470 | -€251 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,443 | -€15,018 | -€10,575 | -238% |
| Income taxes | 67/77 | €253 | €233 | -€20 | -8.0% |
| Profit (loss) for the period | 9904 | -€4,696 | -€15,250 | -€10,554 | -225% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,696 | -€15,250 | -€10,554 | -225% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.