BRACKX ACCOUNTANCY: 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.
BRACKX ACCOUNTANCY
Largest movements
- Financial fixed assets +€96,530
up €96,530 (+444%), from €21,750 to €118,280
- Receivables after one year -€74,930
no longer reported in 2025 (was €74,930)
- Tangible fixed assets -€42,019
down €42,019 (-7.5%), from €559,579 to €517,561
of which Land and buildings: -€25,515
- Receivables within one year +€30,814
up €30,814 (+127%), from €24,332 to €55,147
of which Other amounts receivable: +€22,442
- Cash -€9,581
down €9,581 (-99.5%), from €9,625 to €44
mainly Investment in fixed assets (net) (-€96,530) and Receivables within one year (-€30,814)
- Other debts +€28,018
up €28,018 (+11,734%), from €239 to €28,257
- Profit (loss) carried forward -€26,005
down €26,005 (-99.0%), from -€26,257 to -€52,262
- Trade debts -€21,481
down €21,481 (-68.2%), from €31,492 to €10,011
- Current portion of long-term debt +€13,902
up €13,902 (+29.0%), from €47,909 to €61,811
- Depreciation -€32,288
down €32,288 (-43.5%), from €74,307 to €42,019
- Gross operating margin -€30,259
down €30,259 (-43.2%), from €70,023 to €39,764
- Financial income -€8,274
down €8,274 (-99.8%), from €8,287 to €13
of which Financial income: -€5,373
- Financial charges -€6,566
down €6,566 (-25.7%), from €25,535 to €18,969
of which Financial charges: -€8,066
- Other operating charges -€2,176
down €2,176 (-56.5%), from €3,853 to €1,677
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 | €691,743 | €692,675 | +€932 | +0.1% |
| Fixed assets | 21/28 | €581,329 | €635,841 | +€54,511 | +9.4% |
| Tangible fixed assets | 22/27 | €559,579 | €517,561 | -€42,019 | -7.5% |
| Land and buildings | 22 | €498,816 | €473,301 | -€25,515 | -5.1% |
| Plant, machinery and equipment | 23 | €57,920 | €43,463 | -€14,458 | -25.0% |
| Furniture and vehicles | 24 | €2,843 | €797 | -€2,046 | -72.0% |
| Financial fixed assets | 28 | €21,750 | €118,280 | +€96,530 | +444% |
| Current assets | 29/58 | €110,414 | €56,835 | -€53,580 | -48.5% |
| Amounts receivable after more than one year | 29 | €74,930 | - | -€74,930 | |
| Other amounts receivable | 291 | €74,930 | - | -€74,930 | |
| Amounts receivable within one year | 40/41 | €24,332 | €55,147 | +€30,814 | +127% |
| Trade receivables | 40 | €18,590 | €26,962 | +€8,372 | +45.0% |
| Other amounts receivable | 41 | €5,742 | €28,184 | +€22,442 | +391% |
| Cash at bank and in hand | 54/58 | €9,625 | €44 | -€9,581 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,527 | €1,644 | +€117 | +7.6% |
| Total equity and liabilities | 10/49 | €691,743 | €692,675 | +€932 | +0.1% |
| Equity | 10/15 | €52,203 | €26,198 | -€26,005 | -49.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €66,060 | €66,060 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,156 | €1,156 | = | 0.0% |
| Distributable reserves | 133 | €64,904 | €64,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,257 | -€52,262 | -€26,005 | -99.0% |
| Amounts payable | 17/49 | €639,541 | €666,477 | +€26,937 | +4.2% |
| Amounts payable after more than one year | 17 | €526,140 | €532,617 | +€6,476 | +1.2% |
| Financial debts | 170/4 | €498,140 | €511,617 | +€13,476 | +2.7% |
| Other amounts payable | 178/9 | €28,000 | €21,000 | -€7,000 | -25.0% |
| Amounts payable within one year | 42/48 | €113,400 | €133,861 | +€20,460 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €47,909 | €61,811 | +€13,902 | +29.0% |
| Financial debts | 43 | €23,639 | €27,280 | +€3,641 | +15.4% |
| Credit institutions | 430/8 | €23,639 | €27,280 | +€3,641 | +15.4% |
| Trade debts | 44 | €31,492 | €10,011 | -€21,481 | -68.2% |
| Suppliers | 440/4 | €31,492 | €10,011 | -€21,481 | -68.2% |
| Taxes, remuneration and social security | 45 | €10,121 | €6,501 | -€3,621 | -35.8% |
| Taxes | 450/3 | €10,121 | €6,501 | -€3,621 | -35.8% |
| Other amounts payable | 47/48 | €239 | €28,257 | +€28,018 | +11,734% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,307 | €42,019 | -€32,288 | -43.5% |
| Other operating charges | 640/8 | €3,853 | €1,677 | -€2,176 | -56.5% |
| Gross operating margin | 9900 | €70,023 | €39,764 | -€30,259 | -43.2% |
| Operating profit (loss) | 9901 | -€8,137 | -€3,931 | +€4,206 | +51.7% |
| Financial income | 75/76B | €8,287 | €13 | -€8,274 | -99.8% |
| Recurring financial income | 75 | €5,386 | €13 | -€5,373 | -99.8% |
| Non-recurring financial income | 76B | €2,902 | - | -€2,902 | |
| Financial charges | 65/66B | €25,535 | €18,969 | -€6,566 | -25.7% |
| Recurring financial charges | 65 | €25,535 | €17,469 | -€8,066 | -31.6% |
| Non-recurring financial charges | 66B | - | €1,500 | +€1,500 | |
| Profit (loss) for the period before taxes | 9903 | -€25,384 | -€22,887 | +€2,498 | +9.8% |
| Income taxes | 67/77 | €1,090 | €3,118 | +€2,028 | +186% |
| Profit (loss) for the period | 9904 | -€26,474 | -€26,005 | +€470 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,474 | -€26,005 | +€470 | +1.8% |
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 28 October 2026 via checked.be.