BRADLYK: 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.
BRADLYK
Largest movements
- Cash +€83,908
up €83,908 (+132.6%), from €63,256 to €147,163
mainly Net result for the year (+€42,572) and Depreciation (+€21,130)
- Intangible fixed assets -€17,700
down €17,700 (-12.5%), from €141,600 to €123,900
- Deferred charges and accrued income -€17,147
down €17,147 (-84.0%), from €20,423 to €3,276
- Tangible fixed assets -€3,430
down €3,430 (-38.1%), from €9,013 to €5,583
of which Furniture and vehicles: -€2,220
- Reserves +€41,739
up €41,739 (+19.8%), from €211,245 to €252,984
- Trade debts +€2,925
up €2,925 (+108.8%), from €2,688 to €5,614
- Gross operating margin -€78,415
down €78,415 (-50.1%), from €156,561 to €78,146
- Taxes -€17,587
down €17,587 (-60.3%), from €29,164 to €11,577
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.
Cash bridge derived
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 | €234,558 | €279,922 | +€45,365 | +19.3% |
| Fixed assets | 21/28 | €150,613 | €129,483 | -€21,130 | -14.0% |
| Intangible fixed assets | 21 | €141,600 | €123,900 | -€17,700 | -12.5% |
| Tangible fixed assets | 22/27 | €9,013 | €5,583 | -€3,430 | -38.1% |
| Furniture and vehicles | 24 | €4,094 | €1,874 | -€2,220 | -54.2% |
| Other tangible fixed assets | 26 | €4,919 | €3,709 | -€1,210 | -24.6% |
| Current assets | 29/58 | €83,945 | €150,440 | +€66,495 | +79.2% |
| Amounts receivable within one year | 40/41 | €266 | - | -€266 | |
| Trade receivables | 40 | €266 | - | -€266 | |
| Cash at bank and in hand | 54/58 | €63,256 | €147,163 | +€83,908 | +132.6% |
| Deferred charges and accrued income | 490/1 | €20,423 | €3,276 | -€17,147 | -84.0% |
| Total equity and liabilities | 10/49 | €234,558 | €279,922 | +€45,365 | +19.3% |
| Equity | 10/15 | €216,245 | €257,984 | +€41,739 | +19.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €211,245 | €252,984 | +€41,739 | +19.8% |
| Distributable reserves | 133 | €211,245 | €252,984 | +€41,739 | +19.8% |
| Amounts payable | 17/49 | €18,313 | €21,939 | +€3,625 | +19.8% |
| Amounts payable within one year | 42/48 | €18,313 | €21,939 | +€3,625 | +19.8% |
| Trade debts | 44 | €2,688 | €5,614 | +€2,925 | +108.8% |
| Suppliers | 440/4 | €2,688 | €5,614 | +€2,925 | +108.8% |
| Taxes, remuneration and social security | 45 | €14,164 | €14,741 | +€577 | +4.1% |
| Taxes | 450/3 | €14,164 | €14,741 | +€577 | +4.1% |
| Other amounts payable | 47/48 | €1,461 | €1,584 | +€123 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,229 | €21,130 | +€901 | +4.5% |
| Other operating charges | 640/8 | €650 | €295 | -€355 | -54.6% |
| Gross operating margin | 9900 | €156,561 | €78,146 | -€78,415 | -50.1% |
| Operating profit (loss) | 9901 | €135,681 | €56,721 | -€78,960 | -58.2% |
| Financial income | 75/76B | €178 | - | -€178 | |
| Recurring financial income | 75 | €178 | - | -€178 | |
| Financial charges | 65/66B | €2,981 | €2,572 | -€409 | -13.7% |
| Recurring financial charges | 65 | €2,981 | €2,572 | -€409 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €132,878 | €54,149 | -€78,729 | -59.2% |
| Income taxes | 67/77 | €29,164 | €11,577 | -€17,587 | -60.3% |
| Profit (loss) for the period | 9904 | €103,714 | €42,572 | -€61,142 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,714 | €42,572 | -€61,142 | -59.0% |
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 10 October 2026 via checked.be.