Brackx Kevin Technics: 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 Kevin Technics
Largest movements
- Stocks and contracts +€77,688
up €77,688 (+272%), from €28,532 to €106,221
of which Contracts in progress: +€61,650
- Cash +€60,467
up €60,467 (+412%), from €14,668 to €75,135
mainly Net result for the year (+€107,960) and Current portion of long-term debt (+€69,118)
- Receivables within one year +€34,916
up €34,916 (+22.7%), from €153,831 to €188,747
of which Other amounts receivable: +€36,329
- Tangible fixed assets +€28,028
up €28,028 (+40.0%), from €70,089 to €98,117
of which Furniture and vehicles: +€28,849
- Reserves +€107,960
up €107,960 (+128%), from €84,418 to €192,377
- Current portion of long-term debt +€69,118
up €69,118 (+174%), from €39,816 to €108,934
- Debts after one year +€15,682
up €15,682 (+40.2%), from €39,028 to €54,710
- Trade debts +€9,877
up €9,877 (+11.1%), from €88,977 to €98,855
- Gross operating margin -€50,972
down €50,972 (-18.5%), from €275,113 to €224,141
- Write-downs -€28,608
no longer reported in 2025 (was €28,608)
- Staff costs -€27,789
down €27,789 (-33.7%), from €82,521 to €54,732
- Depreciation -€16,149
down €16,149 (-49.4%), from €32,661 to €16,512
- Taxes +€8,306
up €8,306 (+35.3%), from €23,549 to €31,855
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 | €267,120 | €468,219 | +€201,100 | +75.3% |
| Fixed assets | 21/28 | €70,089 | €98,117 | +€28,028 | +40.0% |
| Tangible fixed assets | 22/27 | €70,089 | €98,117 | +€28,028 | +40.0% |
| Plant, machinery and equipment | 23 | €3,693 | €2,872 | -€821 | -22.2% |
| Furniture and vehicles | 24 | €66,396 | €95,244 | +€28,849 | +43.4% |
| Current assets | 29/58 | €197,031 | €370,103 | +€173,072 | +87.8% |
| Stocks and contracts in progress | 3 | €28,532 | €106,221 | +€77,688 | +272% |
| Stocks | 30/36 | €28,532 | €44,571 | +€16,038 | +56.2% |
| Contracts in progress | 37 | - | €61,650 | +€61,650 | |
| Amounts receivable within one year | 40/41 | €153,831 | €188,747 | +€34,916 | +22.7% |
| Trade receivables | 40 | €97,979 | €96,567 | -€1,412 | -1.4% |
| Other amounts receivable | 41 | €55,852 | €92,180 | +€36,329 | +65.0% |
| Cash at bank and in hand | 54/58 | €14,668 | €75,135 | +€60,467 | +412% |
| Total equity and liabilities | 10/49 | €267,120 | €468,219 | +€201,100 | +75.3% |
| Equity | 10/15 | €87,418 | €195,377 | +€107,960 | +123% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,418 | €192,377 | +€107,960 | +128% |
| Distributable reserves | 133 | €84,418 | €192,377 | +€107,960 | +128% |
| Amounts payable | 17/49 | €179,702 | €272,842 | +€93,140 | +51.8% |
| Amounts payable after more than one year | 17 | €39,028 | €54,710 | +€15,682 | +40.2% |
| Financial debts | 170/4 | €39,028 | €54,710 | +€15,682 | +40.2% |
| Amounts payable within one year | 42/48 | €140,675 | €218,133 | +€77,458 | +55.1% |
| Current portion of amounts payable after more than one year | 42 | €39,816 | €108,934 | +€69,118 | +174% |
| Trade debts | 44 | €88,977 | €98,855 | +€9,877 | +11.1% |
| Suppliers | 440/4 | €88,977 | €98,855 | +€9,877 | +11.1% |
| Taxes, remuneration and social security | 45 | €11,881 | €10,344 | -€1,538 | -12.9% |
| Taxes | 450/3 | €6,778 | €7,979 | +€1,201 | +17.7% |
| Remuneration and social security | 454/9 | €5,104 | €2,365 | -€2,739 | -53.7% |
| Non-recurring operating income | 76A | - | €2,980 | +€2,980 | |
| Remuneration, social security and pensions | 62 | €82,521 | €54,732 | -€27,789 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,661 | €16,512 | -€16,149 | -49.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,608 | - | -€28,608 | |
| Other operating charges | 640/8 | €5,948 | €3,463 | -€2,484 | -41.8% |
| Non-recurring operating charges | 66A | €2,999 | €5 | -€2,994 | -99.8% |
| Gross operating margin | 9900 | €275,113 | €224,141 | -€50,972 | -18.5% |
| Operating profit (loss) | 9901 | €122,376 | €149,428 | +€27,052 | +22.1% |
| Financial income | 75/76B | €796 | €3,331 | +€2,535 | +318% |
| Recurring financial income | 75 | €796 | €3,331 | +€2,535 | +318% |
| Financial charges | 65/66B | €15,206 | €12,945 | -€2,261 | -14.9% |
| Recurring financial charges | 65 | €15,206 | €12,945 | -€2,261 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €107,967 | €139,815 | +€31,848 | +29.5% |
| Income taxes | 67/77 | €23,549 | €31,855 | +€8,306 | +35.3% |
| Profit (loss) for the period | 9904 | €84,418 | €107,960 | +€23,542 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,418 | €107,960 | +€23,542 | +27.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.