BRAEMAKKER: what changed
What changed
BRAEMAKKER
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
filed annual accounts (NBB)
Net result for the year
€16,036
2024 · €91,933-€75,897
Equity
€1.7m
2024 · €1.7m+€16,036
Cash
€26,096
2024 · €29,543-€3,447
Balance sheet total
€5.3m
2024 · €3.8m+€1.5m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+62.6%), from €1.7m to €2.8m
of which Other amounts receivable: +€1.3m
- Tangible fixed assets +€739,643
up €739,643 (+48.6%), from €1.5m to €2.3m
of which Land and buildings: +€740,324
- Current investments -€362,565
down €362,565 (-100%), from €362,565 to €0
- Deferred charges and accrued income +€73,153
up €73,153 (+45.8%), from €159,786 to €232,939
Equity and liabilities
- Short-term financial debts +€985,000
up €985,000, from €0 to €985,000
- Debts after one year +€560,432
up €560,432 (+97.4%), from €575,329 to €1.1m
- Trade debts -€97,935
down €97,935 (-95.9%), from €102,167 to €4,233
- Current portion of long-term debt +€79,498
up €79,498 (+76.4%), from €103,988 to €183,485
Income statement
- Depreciation +€135,682
up €135,682 (+85.1%), from €159,437 to €295,119
- Other operating charges -€41,433
down €41,433 (-47.2%), from €87,852 to €46,418
- Taxes -€31,095
down €31,095 (-67.5%), from €46,063 to €14,968
- Financial income -€28,386
down €28,386 (-24.3%), from €116,845 to €88,458
- Gross operating margin +€20,167
up €20,167 (+5.2%), from €384,203 to €404,370
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
€91,933
Gross operating margin
+€20,167
Depreciation
-€135,682
Other operating charges
+€41,433
Financial income
-€28,386
Financial charges
-€4,524
Taxes
+€31,095
Result 2025
€16,036
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
-€956,180
Investment
-€672,196
Financing
+€1.6m
Cash 2024
€29,543
From operations (derived)
-€956,180
Net result for the year
+€16,036
Depreciation
+€295,119
Stocks and contracts
-€14,654
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€73,153
Provisions
-€4,401
Trade debts
-€97,935
Tax, wage and social debts
-€505
Other debts
-€29,395
Accrued charges and deferred income
+€18,583
Investment (derived)
-€672,196
Investment in fixed assets (net)
-€1.0m
Current investments
+€362,565
Financing
+€1.6m
Debts after one year
+€560,432
Current portion of long-term debt
+€79,498
Short-term financial debts
+€985,000
Cash 2025
€26,096
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,777,922 | €5,305,235 | +€1.5m | +40.4% |
| Fixed assets | 21/28 | €1,522,148 | €2,261,791 | +€739,643 | +48.6% |
| Tangible fixed assets | 22/27 | €1,522,148 | €2,261,791 | +€739,643 | +48.6% |
| Land and buildings | 22 | €1,271,548 | €2,011,873 | +€740,324 | +58.2% |
| Plant, machinery and equipment | 23 | €215,947 | €228,474 | +€12,527 | +5.8% |
| Furniture and vehicles | 24 | €33,106 | €21,444 | -€11,662 | -35.2% |
| Other tangible fixed assets | 26 | €1,547 | €0 | -€1,547 | -100% |
| Current assets | 29/58 | €2,255,774 | €3,043,444 | +€787,671 | +34.9% |
| Stocks and contracts in progress | 3 | - | €14,654 | +€14,654 | |
| Stocks | 30/36 | - | €14,654 | +€14,654 | |
| Amounts receivable within one year | 40/41 | €1,703,879 | €2,769,755 | +€1.1m | +62.6% |
| Trade receivables | 40 | €344,701 | €156,150 | -€188,551 | -54.7% |
| Other amounts receivable | 41 | €1,359,179 | €2,613,605 | +€1.3m | +92.3% |
| Current investments | 50/53 | €362,565 | €0 | -€362,565 | -100% |
| Cash at bank and in hand | 54/58 | €29,543 | €26,096 | -€3,447 | -11.7% |
| Deferred charges and accrued income | 490/1 | €159,786 | €232,939 | +€73,153 | +45.8% |
| Total equity and liabilities | 10/49 | €3,777,922 | €5,305,235 | +€1.5m | +40.4% |
| Equity | 10/15 | €1,650,332 | €1,666,368 | +€16,036 | +1.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €1,619,345 | €1,635,382 | +€16,036 | +1.0% |
| Tax-exempt reserves | 132 | €263,631 | €250,429 | -€13,202 | -5.0% |
| Distributable reserves | 133 | €1,355,714 | €1,384,953 | +€29,238 | +2.2% |
| Provisions and deferred taxes | 16 | €38,761 | €34,360 | -€4,401 | -11.4% |
| Deferred taxes | 168 | €38,761 | €34,360 | -€4,401 | -11.4% |
| Amounts payable | 17/49 | €2,088,829 | €3,604,507 | +€1.5m | +72.6% |
| Amounts payable after more than one year | 17 | €575,329 | €1,135,761 | +€560,432 | +97.4% |
| Financial debts | 170/4 | €575,329 | €1,135,761 | +€560,432 | +97.4% |
| Amounts payable within one year | 42/48 | €1,513,500 | €2,450,163 | +€936,663 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €103,988 | €183,485 | +€79,498 | +76.4% |
| Financial debts | 43 | €0 | €985,000 | +€985,000 | |
| Credit institutions | 430/8 | €0 | €985,000 | +€985,000 | |
| Trade debts | 44 | €102,167 | €4,233 | -€97,935 | -95.9% |
| Suppliers | 440/4 | €102,167 | €4,233 | -€97,935 | -95.9% |
| Taxes, remuneration and social security | 45 | €9,522 | €9,017 | -€505 | -5.3% |
| Taxes | 450/3 | €9,522 | €9,017 | -€505 | -5.3% |
| Other amounts payable | 47/48 | €1,297,824 | €1,268,428 | -€29,395 | -2.3% |
| Accrued charges and deferred income | 492/3 | - | €18,583 | +€18,583 | |
| Non-recurring operating income | 76A | €760 | €0 | -€760 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,437 | €295,119 | +€135,682 | +85.1% |
| Other operating charges | 640/8 | €87,852 | €46,418 | -€41,433 | -47.2% |
| Gross operating margin | 9900 | €384,203 | €404,370 | +€20,167 | +5.2% |
| Operating profit (loss) | 9901 | €136,915 | €62,833 | -€74,081 | -54.1% |
| Financial income | 75/76B | €116,845 | €88,458 | -€28,386 | -24.3% |
| Recurring financial income | 75 | €116,845 | €88,458 | -€28,386 | -24.3% |
| Financial charges | 65/66B | €120,164 | €124,688 | +€4,524 | +3.8% |
| Recurring financial charges | 65 | €120,164 | €124,688 | +€4,524 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €133,595 | €26,604 | -€106,992 | -80.1% |
| Transfer from deferred taxes | 780 | €4,401 | €4,401 | = | 0.0% |
| Income taxes | 67/77 | €46,063 | €14,968 | -€31,095 | -67.5% |
| Profit (loss) for the period | 9904 | €91,933 | €16,036 | -€75,897 | -82.6% |
| Transfer from tax-exempt reserves | 789 | €97,402 | €13,202 | -€84,200 | -86.4% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €0 | -€63,150 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €126,185 | €29,238 | -€96,947 | -76.8% |
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 5 November 2026 via checked.be.