Brackx Invest: what changed
What changed
Brackx Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€36,227
2024 · €102,060-€65,833
Equity
€168,966
2024 · €132,739+€36,227
Cash
€234,381
2024 · €201,052+€33,330
Balance sheet total
€2.3m
2024 · €2.2m+€20,422
Largest movements
Assets
- Cash +€33,330
up €33,330 (+16.6%), from €201,052 to €234,381
mainly Net result for the year (+€36,227) and Depreciation (+€7,355)
Equity and liabilities
- Reserves +€36,227
up €36,227 (+30.1%), from €120,339 to €156,566
Income statement
- Gross operating margin -€96,180
down €96,180 (-32.8%), from €292,871 to €196,692
- Taxes -€17,025
down €17,025 (-58.1%), from €29,280 to €12,256
- Financial charges -€13,040
down €13,040 (-8.5%), from €153,509 to €140,469
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€102,060
Gross operating margin
-€96,180
Depreciation
+€535
Other operating charges
-€254
Financial income
+€2
Financial charges
+€13,040
Taxes
+€17,025
Result 2025
€36,227
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€33,330
Investment
€0
Financing
€0
Cash 2024
€201,052
From operations (derived)
+€33,330
Net result for the year
+€36,227
Depreciation
+€7,355
Receivables within one year
+€5,627
Smaller working-capital items
-€74
Tax, wage and social debts
-€3,848
Other debts
+€1,082
Accrued charges and deferred income
-€13,039
Cash 2025
€234,381
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,231,135 | €2,251,557 | +€20,422 | +0.9% |
| Fixed assets | 21/28 | €2,022,848 | €2,015,493 | -€7,355 | -0.4% |
| Tangible fixed assets | 22/27 | €62,752 | €55,397 | -€7,355 | -11.7% |
| Furniture and vehicles | 24 | €62,752 | €55,397 | -€7,355 | -11.7% |
| Financial fixed assets | 28 | €1,960,096 | €1,960,096 | = | 0.0% |
| Current assets | 29/58 | €208,287 | €236,064 | +€27,777 | +13.3% |
| Amounts receivable within one year | 40/41 | €6,098 | €471 | -€5,627 | -92.3% |
| Other amounts receivable | 41 | €6,098 | €471 | -€5,627 | -92.3% |
| Cash at bank and in hand | 54/58 | €201,052 | €234,381 | +€33,330 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,138 | €1,213 | +€75 | +6.6% |
| Total equity and liabilities | 10/49 | €2,231,135 | €2,251,557 | +€20,422 | +0.9% |
| Equity | 10/15 | €132,739 | €168,966 | +€36,227 | +27.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €120,339 | €156,566 | +€36,227 | +30.1% |
| Distributable reserves | 133 | €120,339 | €156,566 | +€36,227 | +30.1% |
| Amounts payable | 17/49 | €2,098,397 | €2,082,592 | -€15,805 | -0.8% |
| Amounts payable after more than one year | 17 | €1,960,000 | €1,960,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,960,000 | €1,960,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,848 | €1,082 | -€2,766 | -71.9% |
| Trade debts | 44 | - | €0 | +€0 | |
| Suppliers | 440/4 | - | €0 | +€0 | |
| Taxes, remuneration and social security | 45 | €3,848 | - | -€3,848 | |
| Taxes | 450/3 | €3 | - | -€3 | |
| Remuneration and social security | 454/9 | €3,845 | - | -€3,845 | |
| Other amounts payable | 47/48 | - | €1,082 | +€1,082 | |
| Accrued charges and deferred income | 492/3 | €134,549 | €121,510 | -€13,039 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,890 | €7,355 | -€535 | -6.8% |
| Other operating charges | 640/8 | €132 | €386 | +€254 | +193% |
| Gross operating margin | 9900 | €292,871 | €196,692 | -€96,180 | -32.8% |
| Operating profit (loss) | 9901 | €284,849 | €188,950 | -€95,899 | -33.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €153,509 | €140,469 | -€13,040 | -8.5% |
| Recurring financial charges | 65 | €153,509 | €140,469 | -€13,040 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €131,340 | €48,483 | -€82,857 | -63.1% |
| Income taxes | 67/77 | €29,280 | €12,256 | -€17,025 | -58.1% |
| Profit (loss) for the period | 9904 | €102,060 | €36,227 | -€65,833 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,060 | €36,227 | -€65,833 | -64.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.