BRACKENIER Koen: 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.
What changed
BRACKENIER Koen
NACE 56.111, Full-service restaurants
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€25,780
2025 · €5,230-€31,011
Equity
€21,091
2025 · €46,872-€25,780
Cash
€17,141
2025 · €12,449+€4,692
Balance sheet total
€602,338
2025 · €651,687-€49,349
Largest movements
Assets
- Tangible fixed assets -€34,627
down €34,627 (-6.1%), from €572,101 to €537,474
of which Land and buildings: -€26,150
- Stocks and contracts -€16,010
down €16,010 (-30.7%), from €52,220 to €36,209
Equity and liabilities
- Profit (loss) carried forward -€25,780
down €25,780 (-47.9%), from -€53,828 to -€79,609
- Debts after one year -€18,175
down €18,175 (-4.2%), from €436,310 to €418,135
Income statement
- Gross operating margin -€27,704
down €27,704 (-14.6%), from €189,837 to €162,133
- Staff costs +€5,278
up €5,278 (+4.5%), from €116,214 to €121,492
- Other operating charges -€2,565
down €2,565 (-46.0%), from €5,573 to €3,008
From the 2025 result to the 2026 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.
Result 2025
€5,230
Gross operating margin
-€27,704
Staff costs
-€5,278
Depreciation
-€542
Other operating charges
+€2,565
Financial income
-€7
Financial charges
-€44
Result 2026
-€25,780
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€28,713
Investment
-€6,648
Financing
-€17,374
Cash 2025
€12,449
From operations (derived)
+€28,713
Net result for the year
-€25,780
Depreciation
+€42,449
Stocks and contracts
+€16,010
Receivables within one year
+€2,230
Trade debts
-€3,715
Tax, wage and social debts
-€2,418
Other debts
-€62
Investment (derived)
-€6,648
Investment in fixed assets (net)
-€6,648
Financing
-€17,374
Debts after one year
-€18,175
Current portion of long-term debt
+€642
Short-term financial debts
+€159
Cash 2026
€17,141
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €651,687 | €602,338 | -€49,349 | -7.6% |
| Fixed assets | 21/28 | €579,314 | €543,513 | -€35,801 | -6.2% |
| Intangible fixed assets | 21 | €7,194 | €6,021 | -€1,173 | -16.3% |
| Tangible fixed assets | 22/27 | €572,101 | €537,474 | -€34,627 | -6.1% |
| Land and buildings | 22 | €516,430 | €490,280 | -€26,150 | -5.1% |
| Plant, machinery and equipment | 23 | €45,060 | €38,884 | -€6,176 | -13.7% |
| Furniture and vehicles | 24 | €10,612 | €8,310 | -€2,302 | -21.7% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €72,373 | €58,824 | -€13,549 | -18.7% |
| Stocks and contracts in progress | 3 | €52,220 | €36,209 | -€16,010 | -30.7% |
| Stocks | 30/36 | €52,220 | €36,209 | -€16,010 | -30.7% |
| Amounts receivable within one year | 40/41 | €7,704 | €5,474 | -€2,230 | -28.9% |
| Trade receivables | 40 | €5,477 | €3,124 | -€2,353 | -43.0% |
| Other amounts receivable | 41 | €2,227 | €2,350 | +€123 | +5.5% |
| Cash at bank and in hand | 54/58 | €12,449 | €17,141 | +€4,692 | +37.7% |
| Total equity and liabilities | 10/49 | €651,687 | €602,338 | -€49,349 | -7.6% |
| Equity | 10/15 | €46,872 | €21,091 | -€25,780 | -55.0% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Capital | 10 | €37,000 | - | -€37,000 | |
| Issued capital | 100 | €37,000 | - | -€37,000 | |
| Reserves | 13 | €63,700 | €63,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,700 | - | -€3,700 | |
| Legal reserve | 130 | €3,700 | - | -€3,700 | |
| Distributable reserves | 133 | €60,000 | €63,700 | +€3,700 | +6.2% |
| Profit (loss) carried forward | 14 | -€53,828 | -€79,609 | -€25,780 | -47.9% |
| Amounts payable | 17/49 | €604,815 | €581,246 | -€23,569 | -3.9% |
| Amounts payable after more than one year | 17 | €436,310 | €418,135 | -€18,175 | -4.2% |
| Financial debts | 170/4 | €436,310 | €418,135 | -€18,175 | -4.2% |
| Amounts payable within one year | 42/48 | €168,505 | €163,111 | -€5,394 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €15,189 | €15,832 | +€642 | +4.2% |
| Financial debts | 43 | €24,792 | €24,951 | +€159 | +0.6% |
| Credit institutions | 430/8 | €24,792 | €24,951 | +€159 | +0.6% |
| Trade debts | 44 | €32,837 | €29,121 | -€3,715 | -11.3% |
| Suppliers | 440/4 | €32,837 | €29,121 | -€3,715 | -11.3% |
| Taxes, remuneration and social security | 45 | €27,481 | €25,063 | -€2,418 | -8.8% |
| Taxes | 450/3 | €9,780 | €7,477 | -€2,303 | -23.5% |
| Remuneration and social security | 454/9 | €17,701 | €17,586 | -€115 | -0.7% |
| Other amounts payable | 47/48 | €68,206 | €68,144 | -€62 | -0.1% |
| Non-recurring operating income | 76A | €8 | - | -€8 | |
| Remuneration, social security and pensions | 62 | €116,214 | €121,492 | +€5,278 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,907 | €42,449 | +€542 | +1.3% |
| Other operating charges | 640/8 | €5,573 | €3,008 | -€2,565 | -46.0% |
| Gross operating margin | 9900 | €189,837 | €162,133 | -€27,704 | -14.6% |
| Operating profit (loss) | 9901 | €26,143 | -€4,817 | -€30,959 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Non-recurring financial income | 76B | €7 | - | -€7 | |
| Financial charges | 65/66B | €20,919 | €20,964 | +€44 | +0.2% |
| Recurring financial charges | 65 | €20,919 | €20,964 | +€44 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €5,230 | -€25,780 | -€31,011 | |
| Profit (loss) for the period | 9904 | €5,230 | -€25,780 | -€31,011 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,230 | -€25,780 | -€31,011 |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.