BRADCONSULT: 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.
BRADCONSULT
Largest movements
- Current investments +€133,289
up €133,289 (+21.4%), from €622,299 to €755,588
- Cash -€74,443
down €74,443 (-55.0%), from €135,312 to €60,870
mainly Current investments (-€133,289) and Current portion of long-term debt (-€41,207)
- Receivables within one year -€54,026
down €54,026 (-45.3%), from €119,284 to €65,258
of which Other amounts receivable: -€60,763
- Tangible fixed assets -€45,240
down €45,240 (-3.6%), from €1.3m to €1.2m
of which Land and buildings: -€42,784
- Current portion of long-term debt -€41,207
down €41,207 (-56.3%), from €73,242 to €32,035
- Debts after one year -€32,035
down €32,035 (-13.6%), from €235,279 to €203,244
- Other debts +€22,882
up €22,882 (+29.5%), from €77,550 to €100,432
- Financial income +€30,832
up €30,832 (+559%), from €5,519 to €36,351
- Other operating charges +€26,128
up €26,128 (+160%), from €16,325 to €42,453
- Write-downs +€15,410
new in 2025: €15,410
- Turnover +€15,010
up €15,010 (+13.2%), from €113,680 to €128,690
- Depreciation -€7,340
down €7,340 (-10.2%), from €71,870 to €64,530
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 | €2,157,466 | €2,108,293 | -€49,173 | -2.3% |
| Fixed assets | 21/28 | €1,271,322 | €1,226,082 | -€45,240 | -3.6% |
| Tangible fixed assets | 22/27 | €1,271,322 | €1,226,082 | -€45,240 | -3.6% |
| Land and buildings | 22 | €1,261,179 | €1,218,395 | -€42,784 | -3.4% |
| Furniture and vehicles | 24 | €10,143 | €7,687 | -€2,456 | -24.2% |
| Current assets | 29/58 | €886,144 | €882,210 | -€3,934 | -0.4% |
| Amounts receivable within one year | 40/41 | €119,284 | €65,258 | -€54,026 | -45.3% |
| Trade receivables | 40 | - | €6,737 | +€6,737 | |
| Other amounts receivable | 41 | €119,284 | €58,521 | -€60,763 | -50.9% |
| Current investments | 50/53 | €622,299 | €755,588 | +€133,289 | +21.4% |
| Cash at bank and in hand | 54/58 | €135,312 | €60,870 | -€74,443 | -55.0% |
| Deferred charges and accrued income | 490/1 | €9,249 | €495 | -€8,754 | -94.6% |
| Total equity and liabilities | 10/49 | €2,157,466 | €2,108,293 | -€49,173 | -2.3% |
| Equity | 10/15 | €1,768,548 | €1,771,091 | +€2,543 | +0.1% |
| Contributions | 10/11 | €1,185,611 | €1,185,611 | = | 0.0% |
| Capital | 10 | €1,185,611 | €1,185,611 | = | 0.0% |
| Issued capital | 100 | €1,185,611 | €1,185,611 | = | 0.0% |
| Reserves | 13 | €37,706 | €37,706 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,706 | €37,706 | = | 0.0% |
| Legal reserve | 130 | €37,706 | €37,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | €545,231 | €547,774 | +€2,543 | +0.5% |
| Amounts payable | 17/49 | €388,918 | €337,202 | -€51,716 | -13.3% |
| Amounts payable after more than one year | 17 | €235,279 | €203,244 | -€32,035 | -13.6% |
| Financial debts | 170/4 | €235,279 | €203,244 | -€32,035 | -13.6% |
| Amounts payable within one year | 42/48 | €153,639 | €132,570 | -€21,068 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €73,242 | €32,035 | -€41,207 | -56.3% |
| Trade debts | 44 | €2,847 | €103 | -€2,743 | -96.4% |
| Suppliers | 440/4 | €2,847 | €103 | -€2,743 | -96.4% |
| Other amounts payable | 47/48 | €77,550 | €100,432 | +€22,882 | +29.5% |
| Accrued charges and deferred income | 492/3 | - | €1,387 | +€1,387 | |
| Turnover | 70 | €113,680 | €128,690 | +€15,010 | +13.2% |
| Non-recurring operating income | 76A | €24,036 | €0 | -€24,036 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,740 | €44,301 | +€5,560 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,870 | €64,530 | -€7,340 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,410 | +€15,410 | |
| Other operating charges | 640/8 | €16,325 | €42,453 | +€26,128 | +160% |
| Gross operating margin | 9900 | €98,976 | €95,430 | -€3,547 | -3.6% |
| Operating profit (loss) | 9901 | €10,782 | -€26,962 | -€37,744 | |
| Financial income | 75/76B | €5,519 | €36,351 | +€30,832 | +559% |
| Recurring financial income | 75 | €5,519 | €36,351 | +€30,832 | +559% |
| Financial charges | 65/66B | €9,800 | €8,708 | -€1,092 | -11.1% |
| Recurring financial charges | 65 | €9,800 | €8,708 | -€1,092 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €6,501 | €681 | -€5,820 | -89.5% |
| Income taxes | 67/77 | €1,656 | -€1,862 | -€3,518 | |
| Profit (loss) for the period | 9904 | €4,845 | €2,543 | -€2,302 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,845 | €2,543 | -€2,302 | -47.5% |
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 17 October 2026 via checked.be.