BRAECKMAN MAERTENS SERVICES: what changed
BRAECKMAN MAERTENS SERVICES
Largest movements
- Tangible fixed assets -€683,781
down €683,781 (-100.0%), from €684,081 to €300
of which Land and buildings: -€611,304
- Cash +€447,531
up €447,531 (+22,188%), from €2,017 to €449,548
mainly Investment in fixed assets (net) (+€683,348) and Deferred charges and accrued income (+€4,347)
- Profit (loss) carried forward -€148,368
down €148,368 (-30.0%), from -€493,751 to -€642,120
- Debts after one year -€51,636
down €51,636 (-4.6%), from €1.1m to €1.1m
- Other debts -€32,121
no longer reported in 2025 (was €32,121)
- Current portion of long-term debt -€10,507
no longer reported in 2025 (was €10,507)
- Other operating charges +€147,095
up €147,095 (+1,483%), from €9,918 to €157,013
- Depreciation -€38,206
down €38,206 (-98.9%), from €38,639 to €433
- Gross operating margin -€14,062
down €14,062 (-48.1%), from €29,226 to €15,164
- Financial charges -€402
down €402 (-6.2%), from €6,489 to €6,086
- Taxes -€309
no longer reported in 2025 (was €309)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €692,308 | €450,313 | -€241,995 | -35.0% |
| Fixed assets | 21/28 | €684,319 | €538 | -€683,781 | -99.9% |
| Tangible fixed assets | 22/27 | €684,081 | €300 | -€683,781 | -100.0% |
| Land and buildings | 22 | €611,604 | €300 | -€611,304 | -100.0% |
| Plant, machinery and equipment | 23 | €72,477 | - | -€72,477 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €238 | €238 | = | 0.0% |
| Current assets | 29/58 | €7,989 | €449,775 | +€441,786 | +5,530% |
| Amounts receivable within one year | 40/41 | €1,625 | €227 | -€1,398 | -86.0% |
| Trade receivables | 40 | €938 | - | -€938 | |
| Other amounts receivable | 41 | €687 | €227 | -€459 | -66.9% |
| Cash at bank and in hand | 54/58 | €2,017 | €449,548 | +€447,531 | +22,188% |
| Deferred charges and accrued income | 490/1 | €4,347 | - | -€4,347 | |
| Total equity and liabilities | 10/49 | €692,308 | €450,313 | -€241,995 | -35.0% |
| Equity | 10/15 | -€475,151 | -€623,520 | -€148,368 | -31.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€493,751 | -€642,120 | -€148,368 | -30.0% |
| Amounts payable | 17/49 | €1,167,459 | €1,073,833 | -€93,626 | -8.0% |
| Amounts payable after more than one year | 17 | €1,124,831 | €1,073,195 | -€51,636 | -4.6% |
| Financial debts | 170/4 | €1,124,831 | €1,073,195 | -€51,636 | -4.6% |
| Amounts payable within one year | 42/48 | €42,628 | €638 | -€41,990 | -98.5% |
| Current portion of amounts payable after more than one year | 42 | €10,507 | - | -€10,507 | |
| Trade debts | 44 | €0 | €638 | +€638 | |
| Suppliers | 440/4 | €0 | €638 | +€638 | |
| Other amounts payable | 47/48 | €32,121 | - | -€32,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,639 | €433 | -€38,206 | -98.9% |
| Other operating charges | 640/8 | €9,918 | €157,013 | +€147,095 | +1,483% |
| Gross operating margin | 9900 | €29,226 | €15,164 | -€14,062 | -48.1% |
| Operating profit (loss) | 9901 | -€19,331 | -€142,282 | -€122,951 | -636% |
| Financial charges | 65/66B | €6,489 | €6,086 | -€402 | -6.2% |
| Recurring financial charges | 65 | €6,489 | €6,086 | -€402 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,820 | -€148,368 | -€122,549 | -475% |
| Income taxes | 67/77 | €309 | - | -€309 | |
| Profit (loss) for the period | 9904 | -€26,129 | -€148,368 | -€122,239 | -468% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,129 | -€148,368 | -€122,239 | -468% |
Next steps
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.