Bracke Project Management: 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 Project Management
Largest movements
- Cash -€15,529
down €15,529 (-33.9%), from €45,753 to €30,224
mainly Contributions, distributions and other (-€22,034) and Receivables within one year (-€5,922)
- Receivables within one year +€5,922
up €5,922 (+1263.3%), from €469 to €6,391
of which Other amounts receivable: +€3,510
- Tangible fixed assets -€5,040
down €5,040 (-46.7%), from €10,793 to €5,753
of which Furniture and vehicles: -€4,783
- Reserves -€9,772
down €9,772 (-29.0%), from €33,698 to €23,925
- Tax, wage and social debts -€5,225
no longer reported in 2025 (was €5,225)
- Gross operating margin -€6,902
down €6,902 (-22.1%), from €31,214 to €24,311
- Taxes -€2,834
down €2,834 (-40.6%), from €6,980 to €4,145
- Financial charges +€1,273
up €1,273, from -€1,045 to €228
- Depreciation +€411
up €411 (+7.1%), from €5,815 to €6,225
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 | €59,497 | €44,674 | -€14,823 | -24.9% |
| Fixed assets | 21/28 | €10,793 | €5,753 | -€5,040 | -46.7% |
| Tangible fixed assets | 22/27 | €10,793 | €5,753 | -€5,040 | -46.7% |
| Plant, machinery and equipment | 23 | €3,361 | €3,104 | -€258 | -7.7% |
| Furniture and vehicles | 24 | €7,432 | €2,649 | -€4,783 | -64.4% |
| Current assets | 29/58 | €48,704 | €38,921 | -€9,783 | -20.1% |
| Amounts receivable within one year | 40/41 | €469 | €6,391 | +€5,922 | +1263.3% |
| Trade receivables | 40 | - | €2,413 | +€2,413 | |
| Other amounts receivable | 41 | €469 | €3,978 | +€3,510 | +748.6% |
| Cash at bank and in hand | 54/58 | €45,753 | €30,224 | -€15,529 | -33.9% |
| Deferred charges and accrued income | 490/1 | €2,482 | €2,305 | -€177 | -7.1% |
| Total equity and liabilities | 10/49 | €59,497 | €44,674 | -€14,823 | -24.9% |
| Equity | 10/15 | €52,698 | €42,925 | -€9,772 | -18.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €33,698 | €23,925 | -€9,772 | -29.0% |
| Distributable reserves | 133 | €33,698 | €23,925 | -€9,772 | -29.0% |
| Amounts payable | 17/49 | €6,800 | €1,749 | -€5,051 | -74.3% |
| Amounts payable within one year | 42/48 | €5,234 | €181 | -€5,053 | -96.5% |
| Trade debts | 44 | - | €172 | +€172 | |
| Suppliers | 440/4 | - | €172 | +€172 | |
| Taxes, remuneration and social security | 45 | €5,225 | - | -€5,225 | |
| Taxes | 450/3 | €5,225 | - | -€5,225 | |
| Other amounts payable | 47/48 | €9 | €9 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,568 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,815 | €6,225 | +€411 | +7.1% |
| Other operating charges | 640/8 | €1,363 | €1,483 | +€120 | +8.8% |
| Gross operating margin | 9900 | €31,214 | €24,311 | -€6,902 | -22.1% |
| Operating profit (loss) | 9901 | €24,036 | €16,603 | -€7,433 | -30.9% |
| Financial income | 75/76B | €59 | €32 | -€27 | -45.7% |
| Recurring financial income | 75 | €59 | €32 | -€27 | -45.7% |
| Financial charges | 65/66B | -€1,045 | €228 | +€1,273 | |
| Recurring financial charges | 65 | -€1,045 | €228 | +€1,273 | |
| Profit (loss) for the period before taxes | 9903 | €25,139 | €16,407 | -€8,732 | -34.7% |
| Income taxes | 67/77 | €6,980 | €4,145 | -€2,834 | -40.6% |
| Profit (loss) for the period | 9904 | €18,160 | €12,262 | -€5,898 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,160 | €12,262 | -€5,898 | -32.5% |
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 1 October 2026 via checked.be.