Braco: what changed
What changed
Braco
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€643,296
2024 · €574,708+€68,588
Equity
€88,575
2024 · €45,279+€43,296
Cash
€627,023
2024 · €1.1m-€483,336
Balance sheet total
€911,707
2024 · €1.4m-€453,802
Largest movements
Assets
- Cash -€483,336
down €483,336 (-43.5%), from €1.1m to €627,023
mainly Other debts (-€600,429) and Contributions, distributions and other (-€600,000)
- Receivables within one year +€48,316
up €48,316 (+21.1%), from €229,448 to €277,764
of which Trade receivables: +€48,155
Equity and liabilities
- Other debts -€600,429
down €600,429 (-50.0%), from €1.2m to €600,000
- Trade debts +€60,540
up €60,540 (+108%), from €56,285 to €116,826
- Tax, wage and social debts +€46,132
up €46,132 (+78.3%), from €58,942 to €105,074
of which Taxes: +€43,898
- Profit (loss) carried forward +€43,296
up €43,296 (+162%), from €26,729 to €70,025
Income statement
- Gross operating margin +€66,513
up €66,513 (+6.5%), from €1.0m to €1.1m
- Staff costs -€25,353
down €25,353 (-9.6%), from €264,568 to €239,215
- Taxes +€23,036
up €23,036 (+12.0%), from €192,055 to €215,091
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
€574,708
Gross operating margin
+€66,513
Staff costs
+€25,353
Depreciation
+€4,732
Write-downs
+€5,727
Other operating charges
+€960
Other operating items
-€1,951
Financial income
-€9,935
Financial charges
+€225
Taxes
-€23,036
Result 2025
€643,296
raises the resultlowers the resultnot broken down further in the accounts
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
+€111,407
Investment
+€5,256
Financing
-€600,000
Cash 2024
€1.1m
From operations (derived)
+€111,407
Net result for the year
+€643,296
Depreciation
+€4,690
Stocks and contracts
+€7,293
Receivables within one year
-€48,316
Smaller working-capital items
+€2,393
Trade debts
+€60,540
Tax, wage and social debts
+€46,132
Advances received
-€4,192
Other debts
-€600,429
Investment (derived)
+€5,256
Investment in fixed assets (net)
+€5,256
Financing
-€600,000
Contributions, distributions and other
-€600,000
Cash 2025
€627,023
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,365,509 | €911,707 | -€453,802 | -33.2% |
| Fixed assets | 21/28 | €15,349 | €5,403 | -€9,946 | -64.8% |
| Intangible fixed assets | 21 | €198 | €0 | -€198 | -100% |
| Tangible fixed assets | 22/27 | €15,151 | €5,403 | -€9,748 | -64.3% |
| Furniture and vehicles | 24 | €15,151 | €5,403 | -€9,748 | -64.3% |
| Current assets | 29/58 | €1,350,160 | €906,304 | -€443,856 | -32.9% |
| Stocks and contracts in progress | 3 | €7,293 | - | -€7,293 | |
| Stocks | 30/36 | €7,293 | - | -€7,293 | |
| Amounts receivable within one year | 40/41 | €229,448 | €277,764 | +€48,316 | +21.1% |
| Trade receivables | 40 | €227,915 | €276,070 | +€48,155 | +21.1% |
| Other amounts receivable | 41 | €1,533 | €1,694 | +€162 | +10.5% |
| Cash at bank and in hand | 54/58 | €1,110,360 | €627,023 | -€483,336 | -43.5% |
| Deferred charges and accrued income | 490/1 | €3,059 | €1,516 | -€1,542 | -50.4% |
| Total equity and liabilities | 10/49 | €1,365,509 | €911,707 | -€453,802 | -33.2% |
| Equity | 10/15 | €45,279 | €88,575 | +€43,296 | +95.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,729 | €70,025 | +€43,296 | +162% |
| Amounts payable | 17/49 | €1,320,230 | €823,132 | -€497,098 | -37.7% |
| Amounts payable within one year | 42/48 | €1,320,230 | €822,281 | -€497,949 | -37.7% |
| Trade debts | 44 | €56,285 | €116,826 | +€60,540 | +108% |
| Suppliers | 440/4 | €56,285 | €116,826 | +€60,540 | +108% |
| Advances received on contracts in progress | 46 | €4,574 | €381 | -€4,192 | -91.7% |
| Taxes, remuneration and social security | 45 | €58,942 | €105,074 | +€46,132 | +78.3% |
| Taxes | 450/3 | €38,633 | €82,530 | +€43,898 | +114% |
| Remuneration and social security | 454/9 | €20,309 | €22,543 | +€2,234 | +11.0% |
| Other amounts payable | 47/48 | €1,200,429 | €600,000 | -€600,429 | -50.0% |
| Accrued charges and deferred income | 492/3 | - | €851 | +€851 | |
| Non-recurring operating income | 76A | €1,420 | €1,653 | +€233 | +16.4% |
| Remuneration, social security and pensions | 62 | €264,568 | €239,215 | -€25,353 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,422 | €4,690 | -€4,732 | -50.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,051 | -€676 | -€5,727 | |
| Other operating charges | 640/8 | €2,474 | €1,515 | -€960 | -38.8% |
| Non-recurring operating charges | 66A | - | €1,951 | +€1,951 | |
| Gross operating margin | 9900 | €1,030,329 | €1,096,842 | +€66,513 | +6.5% |
| Operating profit (loss) | 9901 | €748,814 | €850,148 | +€101,334 | +13.5% |
| Financial income | 75/76B | €19,508 | €9,573 | -€9,935 | -50.9% |
| Recurring financial income | 75 | €17,505 | €5,051 | -€12,454 | -71.1% |
| Non-recurring financial income | 76B | €2,003 | €4,522 | +€2,519 | +126% |
| Financial charges | 65/66B | €1,558 | €1,334 | -€225 | -14.4% |
| Recurring financial charges | 65 | €1,558 | €1,334 | -€225 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €766,764 | €858,387 | +€91,624 | +11.9% |
| Income taxes | 67/77 | €192,055 | €215,091 | +€23,036 | +12.0% |
| Profit (loss) for the period | 9904 | €574,708 | €643,296 | +€68,588 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €574,708 | €643,296 | +€68,588 | +11.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.