Braeckmans Heurterre: what changed
Braeckmans Heurterre
Largest movements
- Intangible fixed assets +€706,233
up €706,233 (+96.0%), from €735,534 to €1.4m
- Cash +€486,264
up €486,264 (+143%), from €339,946 to €826,210
mainly Debts after one year (+€1.6m) and Net result for the year (+€481,167)
- Tangible fixed assets +€432,325
up €432,325 (+1,971%), from €21,940 to €454,265
of which Land and buildings: +€272,931
- Financial fixed assets +€140,000
up €140,000 (+100%), from €140,000 to €280,000
- Deferred charges and accrued income +€93,606
up €93,606 (+47.6%), from €196,615 to €290,221
- Debts after one year +€1.6m
up €1.6m (+226%), from €690,731 to €2.3m
- Current portion of long-term debt +€166,010
up €166,010 (+148%), from €111,831 to €277,841
- Profit (loss) carried forward +€156,493
up €156,493 (+38.8%), from €403,608 to €560,101
- Tax, wage and social debts -€52,428
down €52,428 (-41.2%), from €127,311 to €74,883
of which Taxes: -€75,286
- Staff costs +€202,253
up €202,253 (+46.4%), from €435,632 to €637,885
- Depreciation +€77,850
up €77,850 (+69.1%), from €112,606 to €190,456
- Gross operating margin +€65,412
up €65,412 (+4.9%), from €1.3m to €1.4m
- Taxes -€59,702
down €59,702 (-47.5%), from €125,643 to €65,941
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 | €1,704,520 | €3,520,301 | +€1.8m | +107% |
| Fixed assets | 21/28 | €897,474 | €2,176,031 | +€1.3m | +142% |
| Intangible fixed assets | 21 | €735,534 | €1,441,767 | +€706,233 | +96.0% |
| Tangible fixed assets | 22/27 | €21,940 | €454,265 | +€432,325 | +1,971% |
| Land and buildings | 22 | - | €272,931 | +€272,931 | |
| Plant, machinery and equipment | 23 | - | €4,893 | +€4,893 | |
| Furniture and vehicles | 24 | €18,699 | €93,402 | +€74,703 | +400% |
| Other tangible fixed assets | 26 | €3,241 | €83,039 | +€79,798 | +2,462% |
| Financial fixed assets | 28 | €140,000 | €280,000 | +€140,000 | +100% |
| Current assets | 29/58 | €807,046 | €1,344,270 | +€537,224 | +66.6% |
| Amounts receivable within one year | 40/41 | €270,485 | €227,838 | -€42,646 | -15.8% |
| Trade receivables | 40 | €7,759 | €8,780 | +€1,020 | +13.2% |
| Other amounts receivable | 41 | €262,725 | €219,059 | -€43,667 | -16.6% |
| Cash at bank and in hand | 54/58 | €339,946 | €826,210 | +€486,264 | +143% |
| Deferred charges and accrued income | 490/1 | €196,615 | €290,221 | +€93,606 | +47.6% |
| Total equity and liabilities | 10/49 | €1,704,520 | €3,520,301 | +€1.8m | +107% |
| Equity | 10/15 | €443,608 | €600,101 | +€156,493 | +35.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,608 | €560,101 | +€156,493 | +38.8% |
| Amounts payable | 17/49 | €1,260,912 | €2,920,201 | +€1.7m | +132% |
| Amounts payable after more than one year | 17 | €690,731 | €2,251,327 | +€1.6m | +226% |
| Financial debts | 170/4 | €690,731 | €2,251,327 | +€1.6m | +226% |
| Amounts payable within one year | 42/48 | €570,181 | €668,874 | +€98,693 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €111,831 | €277,841 | +€166,010 | +148% |
| Trade debts | 44 | €6,128 | €13,297 | +€7,169 | +117% |
| Suppliers | 440/4 | €6,128 | €13,297 | +€7,169 | +117% |
| Taxes, remuneration and social security | 45 | €127,311 | €74,883 | -€52,428 | -41.2% |
| Taxes | 450/3 | €76,788 | €1,501 | -€75,286 | -98.0% |
| Remuneration and social security | 454/9 | €50,523 | €73,381 | +€22,859 | +45.2% |
| Other amounts payable | 47/48 | €324,911 | €302,853 | -€22,057 | -6.8% |
| Remuneration, social security and pensions | 62 | €435,632 | €637,885 | +€202,253 | +46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,606 | €190,456 | +€77,850 | +69.1% |
| Other operating charges | 640/8 | €1,840 | €965 | -€875 | -47.6% |
| Gross operating margin | 9900 | €1,331,569 | €1,396,982 | +€65,412 | +4.9% |
| Operating profit (loss) | 9901 | €781,491 | €567,675 | -€213,816 | -27.4% |
| Financial income | 75/76B | €297 | €3,578 | +€3,282 | +1,107% |
| Recurring financial income | 75 | €297 | €3,578 | +€3,282 | +1,107% |
| Financial charges | 65/66B | €12,532 | €24,146 | +€11,613 | +92.7% |
| Recurring financial charges | 65 | €12,532 | €24,146 | +€11,613 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | €769,255 | €547,108 | -€222,147 | -28.9% |
| Income taxes | 67/77 | €125,643 | €65,941 | -€59,702 | -47.5% |
| Profit (loss) for the period | 9904 | €643,612 | €481,167 | -€162,445 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €643,612 | €481,167 | -€162,445 | -25.2% |
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 2 November 2026 via checked.be.