BRAET: 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.
What changed
BRAET
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€978,675
2024 · €1.3m-€357,142
Equity
€19.3m
2024 · €18.7m+€578,675
Cash
€2.4m
2024 · €4.2m-€1.8m
Balance sheet total
€35.9m
2024 · €36.9m-€1.0m
Largest movements
Assets
- Stocks and contracts -€6.2m
down €6.2m (-37.8%), from €16.5m to €10.3m
- Receivables within one year +€4.3m
up €4.3m (+34.1%), from €12.6m to €16.8m
of which Trade receivables: +€4.4m
- Current investments +€2.9m
up €2.9m (+181%), from €1.6m to €4.5m
- Cash -€1.8m
down €1.8m (-43.3%), from €4.2m to €2.4m
mainly Receivables within one year (-€4.3m) and Current investments (-€2.9m)
Equity and liabilities
- Provisions -€2.5m
down €2.5m (-99.6%), from €2.5m to €9,501
of which Provisions for liabilities and charges: -€2.5m
- Other debts +€683,722
up €683,722 (+11.1%), from €6.1m to €6.8m
- Profit (loss) carried forward +€593,675
up €593,675 (+8.0%), from €7.5m to €8.0m
Income statement
- Goods and materials +€6.3m
up €6.3m (+9.3%), from €67.7m to €74.0m
of which Change in stocks: decrease (increase): +€10.7m
- Turnover +€5.7m
up €5.7m (+7.6%), from €74.5m to €80.2m
- Provisions -€2.5m
new in 2025: -€2.5m
- Services and other goods +€1.4m
up €1.4m (+30.5%), from €4.5m to €5.8m
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.
Result 2024
€1.3m
Turnover
+€5.7m
Other operating income
-€350,032
Goods and materials
-€6.3m
Services and other goods
-€1.4m
Staff costs
-€18,884
Depreciation
+€22,016
Write-downs
+€21,397
Provisions
+€2.5m
Other operating charges
-€27,198
Other operating items
-€305,531
Financial income
-€138,586
Financial charges
-€329,080
Taxes
+€253,762
Result 2025
€978,675
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.7m
Investment
-€3.2m
Financing
-€400,000
Cash 2024
€4.2m
From operations (derived)
+€1.7m
Net result for the year
+€978,675
Depreciation
+€405,793
Stocks and contracts
+€6.2m
Receivables within one year
-€4.3m
Deferred charges and accrued income
+€3,441
Provisions
-€2.5m
Trade debts
+€157,985
Tax, wage and social debts
-€70,200
Other debts
+€683,722
Accrued charges and deferred income
+€122,865
Investment (derived)
-€3.2m
Investment in fixed assets (net)
-€264,582
Current investments
-€2.9m
Financing
-€400,000
Contributions, distributions and other
-€400,000
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,890,620 | €35,875,017 | -€1.0m | -2.8% |
| Fixed assets | 21/28 | €2,002,874 | €1,861,663 | -€141,211 | -7.1% |
| Intangible fixed assets | 21 | €7,943 | €75,104 | +€67,161 | +846% |
| Tangible fixed assets | 22/27 | €1,906,723 | €1,698,103 | -€208,620 | -10.9% |
| Land and buildings | 22 | €576,824 | €542,287 | -€34,538 | -6.0% |
| Plant, machinery and equipment | 23 | €921,714 | €617,154 | -€304,560 | -33.0% |
| Furniture and vehicles | 24 | €408,185 | €538,662 | +€130,477 | +32.0% |
| Financial fixed assets | 28 | €88,209 | €88,457 | +€248 | +0.3% |
| Other financial fixed assets | 284/8 | €88,209 | €88,457 | +€248 | +0.3% |
| Shares | 284 | €88,209 | €88,209 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | - | €248 | +€248 | |
| Current assets | 29/58 | €34,887,746 | €34,013,354 | -€874,392 | -2.5% |
| Stocks and contracts in progress | 3 | €16,507,330 | €10,269,234 | -€6.2m | -37.8% |
| Stocks | 30/36 | €16,507,330 | €10,269,234 | -€6.2m | -37.8% |
| Goods purchased for resale | 34 | €16,507,330 | €10,269,234 | -€6.2m | -37.8% |
| Amounts receivable within one year | 40/41 | €12,566,262 | €16,849,865 | +€4.3m | +34.1% |
| Trade receivables | 40 | €12,269,678 | €16,655,902 | +€4.4m | +35.7% |
| Other amounts receivable | 41 | €296,584 | €193,963 | -€102,620 | -34.6% |
| Current investments | 50/53 | €1,600,000 | €4,500,000 | +€2.9m | +181% |
| Other investments | 51/53 | €1,600,000 | €4,500,000 | +€2.9m | +181% |
| Cash at bank and in hand | 54/58 | €4,191,874 | €2,375,417 | -€1.8m | -43.3% |
| Deferred charges and accrued income | 490/1 | €22,280 | €18,839 | -€3,441 | -15.4% |
| Total equity and liabilities | 10/49 | €36,890,620 | €35,875,017 | -€1.0m | -2.8% |
| Equity | 10/15 | €18,732,748 | €19,311,424 | +€578,675 | +3.1% |
| Contributions | 10/11 | €5,962,000 | €5,962,000 | = | 0.0% |
| Capital | 10 | €5,962,000 | €5,962,000 | = | 0.0% |
| Issued capital | 100 | €5,962,000 | €5,962,000 | = | 0.0% |
| Reserves | 13 | €5,318,435 | €5,303,435 | -€15,000 | -0.3% |
| Non-distributable reserves | 130/1 | €596,200 | €596,200 | = | 0.0% |
| Legal reserve | 130 | €596,200 | €596,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €885,504 | €870,504 | -€15,000 | -1.7% |
| Distributable reserves | 133 | €3,836,731 | €3,836,731 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,452,313 | €8,045,988 | +€593,675 | +8.0% |
| Provisions and deferred taxes | 16 | €2,498,152 | €9,501 | -€2.5m | -99.6% |
| Provisions for liabilities and charges | 160/5 | €2,483,650 | €0 | -€2.5m | -100% |
| Other liabilities and charges | 164/5 | €2,483,650 | €0 | -€2.5m | -100% |
| Deferred taxes | 168 | €14,501 | €9,501 | -€5,000 | -34.5% |
| Amounts payable | 17/49 | €15,659,720 | €16,554,092 | +€894,372 | +5.7% |
| Amounts payable within one year | 42/48 | €15,657,036 | €16,428,543 | +€771,507 | +4.9% |
| Trade debts | 44 | €9,208,140 | €9,366,125 | +€157,985 | +1.7% |
| Suppliers | 440/4 | €9,208,140 | €9,366,125 | +€157,985 | +1.7% |
| Taxes, remuneration and social security | 45 | €300,006 | €229,806 | -€70,200 | -23.4% |
| Taxes | 450/3 | €141,891 | €71,494 | -€70,397 | -49.6% |
| Remuneration and social security | 454/9 | €158,115 | €158,312 | +€197 | +0.1% |
| Other amounts payable | 47/48 | €6,148,890 | €6,832,612 | +€683,722 | +11.1% |
| Accrued charges and deferred income | 492/3 | €2,684 | €125,549 | +€122,865 | +4,578% |
| Operating income | 70/76A | €75,090,819 | €80,478,020 | +€5.4m | +7.2% |
| Turnover | 70 | €74,522,609 | €80,203,554 | +€5.7m | +7.6% |
| Other operating income | 74 | €568,211 | €218,179 | -€350,032 | -61.6% |
| Non-recurring operating income | 76A | €0 | €56,287 | +€56,287 | |
| Operating charges | 60/66A | €73,486,062 | €79,016,501 | +€5.5m | +7.5% |
| Goods for resale, raw materials and consumables | 60 | €67,748,272 | €74,033,969 | +€6.3m | +9.3% |
| Purchases | 600/8 | €72,226,699 | €67,795,872 | -€4.4m | -6.1% |
| Change in stocks: decrease (increase) | 609 | -€4,478,427 | €6,238,096 | +€10.7m | |
| Services and other goods | 61 | €4,472,141 | €5,836,046 | +€1.4m | +30.5% |
| Remuneration, social security and pensions | 62 | €831,952 | €850,835 | +€18,884 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427,809 | €405,793 | -€22,016 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€21,397 | -€21,397 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€2,483,650 | -€2.5m | |
| Other operating charges | 640/8 | €5,888 | €33,086 | +€27,198 | +462% |
| Non-recurring operating charges | 66A | - | €361,819 | +€361,819 | |
| Operating profit (loss) | 9901 | €1,604,757 | €1,461,519 | -€143,237 | -8.9% |
| Financial income | 75/76B | €202,395 | €63,809 | -€138,586 | -68.5% |
| Recurring financial income | 75 | €202,395 | €63,809 | -€138,586 | -68.5% |
| Income from current assets | 751 | €132,185 | €37,321 | -€94,864 | -71.8% |
| Other financial income | 752/9 | €70,210 | €26,488 | -€43,722 | -62.3% |
| Financial charges | 65/66B | €20,747 | €349,827 | +€329,080 | +1,586% |
| Recurring financial charges | 65 | €20,747 | €349,827 | +€329,080 | +1,586% |
| Debt charges | 650 | €1,023 | €123,649 | +€122,626 | +11,987% |
| Other financial charges | 652/9 | €19,724 | €226,178 | +€206,455 | +1,047% |
| Profit (loss) for the period before taxes | 9903 | €1,786,406 | €1,175,502 | -€610,904 | -34.2% |
| Transfer from deferred taxes | 780 | €5,000 | €5,000 | = | 0.0% |
| Income taxes | 67/77 | €455,588 | €201,826 | -€253,762 | -55.7% |
| Taxes | 670/3 | €455,588 | €201,826 | -€253,762 | -55.7% |
| Profit (loss) for the period | 9904 | €1,335,817 | €978,675 | -€357,142 | -26.7% |
| Transfer from tax-exempt reserves | 789 | €15,000 | €15,000 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,350,817 | €993,675 | -€357,142 | -26.4% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.