Bradt Filip: what changed
What changed
Bradt Filip
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
€177,035
2024 · €168,165+€8,870
Equity
€1.0m
2024 · €893,841+€114,651
Cash
€599,425
2024 · €638,340-€38,916
Balance sheet total
€1.1m
2024 · €1.1m-€66,782
Largest movements
Assets
- Cash -€38,916
down €38,916 (-6.1%), from €638,340 to €599,425
mainly Other debts (-€173,114) and Contributions, distributions and other (-€62,385)
- Tangible fixed assets -€21,898
down €21,898 (-11.9%), from €183,944 to €162,046
Equity and liabilities
- Other debts -€173,114
down €173,114 (-85.5%), from €202,585 to €29,470
- Reserves +€114,651
up €114,651 (+13.1%), from €873,841 to €988,492
Income statement
- Gross operating margin +€20,135
up €20,135 (+5.9%), from €340,566 to €360,701
- Depreciation +€8,313
up €8,313 (+44.6%), from €18,658 to €26,971
- Financial income +€6,151
up €6,151 (+95.4%), from €6,448 to €12,599
of which Non-recurring financial income: +€5,800
- Staff costs +€3,871
up €3,871 (+4.9%), from €78,455 to €82,326
- Taxes +€3,679
up €3,679 (+5.1%), from €72,713 to €76,392
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
€168,165
Gross operating margin
+€20,135
Staff costs
-€3,871
Depreciation
-€8,313
Other operating charges
-€2,070
Financial income
+€6,151
Financial charges
+€517
Taxes
-€3,679
Result 2025
€177,035
raises the resultlowers the result
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
+€34,983
Investment
-€7,348
Financing
-€66,551
Cash 2024
€638,340
From operations (derived)
+€34,983
Net result for the year
+€177,035
Depreciation
+€26,971
Receivables after one year
-€1,649
Receivables within one year
+€9,829
Smaller working-capital items
+€262
Trade debts
-€4,351
Other debts
-€173,114
Investment (derived)
-€7,348
Investment in fixed assets (net)
-€5,073
Current investments
-€2,275
Financing
-€66,551
Current portion of long-term debt
-€4,166
Contributions, distributions and other
-€62,385
Cash 2025
€599,425
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,147,765 | €1,080,983 | -€66,782 | -5.8% |
| Fixed assets | 21/28 | €183,994 | €162,096 | -€21,898 | -11.9% |
| Tangible fixed assets | 22/27 | €183,944 | €162,046 | -€21,898 | -11.9% |
| Land and buildings | 22 | €98,800 | €88,400 | -€10,400 | -10.5% |
| Plant, machinery and equipment | 23 | €6,700 | €8,597 | +€1,897 | +28.3% |
| Furniture and vehicles | 24 | €55,120 | €44,431 | -€10,689 | -19.4% |
| Other tangible fixed assets | 26 | €23,324 | €20,618 | -€2,706 | -11.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €963,771 | €918,887 | -€44,884 | -4.7% |
| Amounts receivable after more than one year | 29 | €164,889 | €166,538 | +€1,649 | +1.0% |
| Other amounts receivable | 291 | €164,889 | €166,538 | +€1,649 | +1.0% |
| Amounts receivable within one year | 40/41 | €47,884 | €38,056 | -€9,829 | -20.5% |
| Trade receivables | 40 | €15,887 | €18,900 | +€3,013 | +19.0% |
| Other amounts receivable | 41 | €31,997 | €19,155 | -€12,842 | -40.1% |
| Current investments | 50/53 | €100,000 | €102,275 | +€2,275 | +2.3% |
| Cash at bank and in hand | 54/58 | €638,340 | €599,425 | -€38,916 | -6.1% |
| Deferred charges and accrued income | 490/1 | €12,657 | €12,594 | -€63 | -0.5% |
| Total equity and liabilities | 10/49 | €1,147,765 | €1,080,983 | -€66,782 | -5.8% |
| Equity | 10/15 | €893,841 | €1,008,492 | +€114,651 | +12.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €873,841 | €988,492 | +€114,651 | +13.1% |
| Distributable reserves | 133 | €873,841 | €988,492 | +€114,651 | +13.1% |
| Amounts payable | 17/49 | €253,924 | €72,491 | -€181,433 | -71.5% |
| Amounts payable within one year | 42/48 | €253,924 | €72,491 | -€181,433 | -71.5% |
| Current portion of amounts payable after more than one year | 42 | €4,166 | - | -€4,166 | |
| Trade debts | 44 | €18,996 | €14,644 | -€4,351 | -22.9% |
| Suppliers | 440/4 | €18,996 | €14,644 | -€4,351 | -22.9% |
| Taxes, remuneration and social security | 45 | €28,177 | €28,376 | +€199 | +0.7% |
| Taxes | 450/3 | €17,378 | €20,464 | +€3,086 | +17.8% |
| Remuneration and social security | 454/9 | €10,799 | €7,913 | -€2,887 | -26.7% |
| Other amounts payable | 47/48 | €202,585 | €29,470 | -€173,114 | -85.5% |
| Remuneration, social security and pensions | 62 | €78,455 | €82,326 | +€3,871 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,658 | €26,971 | +€8,313 | +44.6% |
| Other operating charges | 640/8 | €783 | €2,853 | +€2,070 | +264% |
| Gross operating margin | 9900 | €340,566 | €360,701 | +€20,135 | +5.9% |
| Operating profit (loss) | 9901 | €242,669 | €248,551 | +€5,882 | +2.4% |
| Financial income | 75/76B | €6,448 | €12,599 | +€6,151 | +95.4% |
| Recurring financial income | 75 | €6,448 | €6,799 | +€351 | +5.4% |
| Non-recurring financial income | 76B | - | €5,800 | +€5,800 | |
| Financial charges | 65/66B | €8,240 | €7,723 | -€517 | -6.3% |
| Recurring financial charges | 65 | €8,240 | €7,723 | -€517 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €240,878 | €253,427 | +€12,549 | +5.2% |
| Income taxes | 67/77 | €72,713 | €76,392 | +€3,679 | +5.1% |
| Profit (loss) for the period | 9904 | €168,165 | €177,035 | +€8,870 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €168,165 | €177,035 | +€8,870 | +5.3% |
Next steps
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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 7 November 2026 via checked.be.