BRAECKMANS: 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.
BRAECKMANS
Largest movements
- Tangible fixed assets +€13,882
up €13,882 (+733%), from €1,894 to €15,776
of which Furniture and vehicles: +€12,123
- Cash +€2,754
up €2,754 (+152%), from €1,816 to €4,570
mainly Debts after one year (+€8,255) and Current portion of long-term debt (+€5,218)
- Receivables within one year -€678
down €678 (-4.4%), from €15,532 to €14,854
of which Trade receivables: -€1,510
- Debts after one year +€8,255
new in 2025: €8,255
- Current portion of long-term debt +€5,218
new in 2025: €5,218
- Profit (loss) carried forward +€3,231
up €3,231 (+2.5%), from -€129,904 to -€126,673
- Tax, wage and social debts -€1,909
no longer reported in 2025 (was €1,909)
- Trade debts +€1,030
up €1,030 (+3.8%), from €26,816 to €27,846
- Staff costs +€38,304
up €38,304 (+53.4%), from €71,665 to €109,969
- Gross operating margin +€32,542
up €32,542 (+38.5%), from €84,417 to €116,959
- Depreciation +€1,836
up €1,836 (+723%), from €254 to €2,090
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 | €19,588 | €35,816 | +€16,228 | +82.8% |
| Fixed assets | 21/28 | €1,929 | €15,811 | +€13,882 | +720% |
| Tangible fixed assets | 22/27 | €1,894 | €15,776 | +€13,882 | +733% |
| Plant, machinery and equipment | 23 | - | €1,758 | +€1,758 | |
| Furniture and vehicles | 24 | €1,894 | €14,017 | +€12,123 | +640% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €17,659 | €20,005 | +€2,346 | +13.3% |
| Amounts receivable within one year | 40/41 | €15,532 | €14,854 | -€678 | -4.4% |
| Trade receivables | 40 | €15,532 | €14,022 | -€1,510 | -9.7% |
| Other amounts receivable | 41 | - | €832 | +€832 | |
| Cash at bank and in hand | 54/58 | €1,816 | €4,570 | +€2,754 | +152% |
| Deferred charges and accrued income | 490/1 | €311 | €581 | +€270 | +86.9% |
| Total equity and liabilities | 10/49 | €19,588 | €35,816 | +€16,228 | +82.8% |
| Equity | 10/15 | -€77,347 | -€74,116 | +€3,231 | +4.2% |
| Contributions | 10/11 | €40,920 | €40,920 | = | 0.0% |
| Reserves | 13 | €11,637 | €11,637 | +€0 | 0.0% |
| Distributable reserves | 133 | €11,637 | €11,637 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€129,904 | -€126,673 | +€3,231 | +2.5% |
| Amounts payable | 17/49 | €96,935 | €109,932 | +€12,997 | +13.4% |
| Amounts payable after more than one year | 17 | - | €8,255 | +€8,255 | |
| Financial debts | 170/4 | - | €8,255 | +€8,255 | |
| Amounts payable within one year | 42/48 | €96,935 | €101,676 | +€4,741 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,218 | +€5,218 | |
| Trade debts | 44 | €26,816 | €27,846 | +€1,030 | +3.8% |
| Suppliers | 440/4 | €26,816 | €27,846 | +€1,030 | +3.8% |
| Taxes, remuneration and social security | 45 | €1,909 | - | -€1,909 | |
| Taxes | 450/3 | €1,909 | - | -€1,909 | |
| Other amounts payable | 47/48 | €68,210 | €68,612 | +€402 | +0.6% |
| Remuneration, social security and pensions | 62 | €71,665 | €109,969 | +€38,304 | +53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €2,090 | +€1,836 | +723% |
| Other operating charges | 640/8 | €850 | €1,071 | +€221 | +26.1% |
| Gross operating margin | 9900 | €84,417 | €116,959 | +€32,542 | +38.5% |
| Operating profit (loss) | 9901 | €11,648 | €3,829 | -€7,819 | -67.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €44 | €597 | +€553 | +1,257% |
| Recurring financial charges | 65 | €44 | €597 | +€553 | +1,257% |
| Profit (loss) for the period before taxes | 9903 | €11,605 | €3,232 | -€8,373 | -72.2% |
| Profit (loss) for the period | 9904 | €11,605 | €3,232 | -€8,373 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,605 | €3,232 | -€8,373 | -72.2% |
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 15 October 2026 via checked.be.