BRACOR ELECTRIC DEVELOPMENT: 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.
BRACOR ELECTRIC DEVELOPMENT
Largest movements
- Tangible fixed assets -€39,541
down €39,541 (-28.2%), from €140,229 to €100,688
of which Furniture and vehicles: -€37,682
- Cash +€21,579
up €21,579 (+202%), from €10,674 to €32,252
mainly Depreciation (+€32,170) and Investment in fixed assets (net) (+€7,372)
- Receivables within one year +€15,408
up €15,408 (+50.7%), from €30,416 to €45,823
of which Trade receivables: +€14,230
- Stocks and contracts -€5,706
down €5,706 (-47.6%), from €12,000 to €6,294
- Tax, wage and social debts -€9,727
down €9,727 (-59.8%), from €16,254 to €6,527
of which Taxes: -€11,419
- Profit (loss) carried forward +€5,675
up €5,675 (+11.4%), from €50,000 to €55,675
- Current portion of long-term debt -€2,981
no longer reported in 2025 (was €2,981)
- Gross operating margin -€247,505
down €247,505 (-74.4%), from €332,562 to €85,057
- Taxes -€58,579
down €58,579 (-94.9%), from €61,697 to €3,118
- Staff costs -€26,005
down €26,005 (-43.2%), from €60,223 to €34,218
- Depreciation +€7,647
up €7,647 (+31.2%), from €24,523 to €32,170
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 | €197,157 | €189,257 | -€7,899 | -4.0% |
| Fixed assets | 21/28 | €140,279 | €100,738 | -€39,541 | -28.2% |
| Tangible fixed assets | 22/27 | €140,229 | €100,688 | -€39,541 | -28.2% |
| Plant, machinery and equipment | 23 | €6,232 | €4,372 | -€1,860 | -29.8% |
| Furniture and vehicles | 24 | €133,997 | €96,316 | -€37,682 | -28.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €56,877 | €88,519 | +€31,642 | +55.6% |
| Stocks and contracts in progress | 3 | €12,000 | €6,294 | -€5,706 | -47.6% |
| Stocks | 30/36 | €12,000 | €6,294 | -€5,706 | -47.6% |
| Amounts receivable within one year | 40/41 | €30,416 | €45,823 | +€15,408 | +50.7% |
| Trade receivables | 40 | €30,416 | €44,645 | +€14,230 | +46.8% |
| Other amounts receivable | 41 | - | €1,178 | +€1,178 | |
| Cash at bank and in hand | 54/58 | €10,674 | €32,252 | +€21,579 | +202% |
| Deferred charges and accrued income | 490/1 | €3,788 | €4,150 | +€362 | +9.6% |
| Total equity and liabilities | 10/49 | €197,157 | €189,257 | -€7,899 | -4.0% |
| Equity | 10/15 | €172,773 | €178,448 | +€5,675 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,173 | €104,173 | = | 0.0% |
| Distributable reserves | 133 | €104,173 | €104,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,000 | €55,675 | +€5,675 | +11.4% |
| Amounts payable | 17/49 | €24,384 | €10,809 | -€13,575 | -55.7% |
| Amounts payable within one year | 42/48 | €24,384 | €10,809 | -€13,575 | -55.7% |
| Current portion of amounts payable after more than one year | 42 | €2,981 | - | -€2,981 | |
| Trade debts | 44 | €5,149 | €4,282 | -€867 | -16.8% |
| Suppliers | 440/4 | €5,149 | €4,282 | -€867 | -16.8% |
| Taxes, remuneration and social security | 45 | €16,254 | €6,527 | -€9,727 | -59.8% |
| Taxes | 450/3 | €12,837 | €1,417 | -€11,419 | -89.0% |
| Remuneration and social security | 454/9 | €3,417 | €5,110 | +€1,692 | +49.5% |
| Non-recurring operating income | 76A | - | €5,747 | +€5,747 | |
| Remuneration, social security and pensions | 62 | €60,223 | €34,218 | -€26,005 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,523 | €32,170 | +€7,647 | +31.2% |
| Other operating charges | 640/8 | €584 | €937 | +€353 | +60.4% |
| Non-recurring operating charges | 66A | €31,814 | €8,759 | -€23,055 | -72.5% |
| Gross operating margin | 9900 | €332,562 | €85,057 | -€247,505 | -74.4% |
| Operating profit (loss) | 9901 | €215,418 | €8,974 | -€206,444 | -95.8% |
| Financial income | 75/76B | €384 | €95 | -€289 | -75.2% |
| Recurring financial income | 75 | €384 | €95 | -€289 | -75.2% |
| Financial charges | 65/66B | €207 | €276 | +€68 | +32.9% |
| Recurring financial charges | 65 | €207 | €276 | +€68 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €215,595 | €8,793 | -€206,802 | -95.9% |
| Income taxes | 67/77 | €61,697 | €3,118 | -€58,579 | -94.9% |
| Profit (loss) for the period | 9904 | €153,898 | €5,675 | -€148,222 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €153,898 | €5,675 | -€148,222 | -96.3% |
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 13 October 2026 via checked.be.