BRAGARD CONSTRUCTIONS: 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.
BRAGARD CONSTRUCTIONS
Largest movements
- Cash +€35,334
up €35,334 (+191.8%), from €18,423 to €53,757
mainly Other debts (+€26,987) and Net result for the year (+€25,022)
- Tangible fixed assets -€26,816
down €26,816 (-72.7%), from €36,892 to €10,076
of which Leasing and similar rights: -€14,738
- Receivables within one year -€10,798
down €10,798 (-18.9%), from €57,066 to €46,268
of which Trade receivables: -€6,894
- Deferred charges and accrued income -€6,774
down €6,774 (-87.2%), from €7,768 to €994
- Other debts +€26,987
up €26,987 (+3141.7%), from €859 to €27,846
- Contributions -€18,600
down €18,600 (-90.9%), from €20,460 to €1,860
- Trade debts +€15,391
up €15,391 (+87.6%), from €17,563 to €32,954
- Current portion of long-term debt -€12,589
down €12,589 (-69.9%), from €18,001 to €5,412
- Debts after one year -€12,422
no longer reported in 2025 (was €12,422)
- Gross operating margin +€21,306
up €21,306 (+55.6%), from €38,325 to €59,631
- Other operating charges +€9,290
up €9,290 (+968.1%), from €960 to €10,249
- Depreciation -€7,650
down €7,650 (-45.7%), from €16,745 to €9,095
- Taxes +€6,873
up €6,873 (+120.8%), from €5,690 to €12,563
- Financial income +€936
up €936 (+83.3%), from €1,123 to €2,059
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.
Cash bridge derived
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 | €120,149 | €111,094 | -€9,054 | -7.5% |
| Fixed assets | 21/28 | €36,892 | €10,076 | -€26,816 | -72.7% |
| Tangible fixed assets | 22/27 | €36,892 | €10,076 | -€26,816 | -72.7% |
| Plant, machinery and equipment | 23 | €13,149 | €3,378 | -€9,770 | -74.3% |
| Furniture and vehicles | 24 | €3,463 | €1,156 | -€2,308 | -66.6% |
| Leasing and similar rights | 25 | €20,280 | €5,542 | -€14,738 | -72.7% |
| Current assets | 29/58 | €83,257 | €101,019 | +€17,762 | +21.3% |
| Amounts receivable within one year | 40/41 | €57,066 | €46,268 | -€10,798 | -18.9% |
| Trade receivables | 40 | €36,347 | €29,452 | -€6,894 | -19.0% |
| Other amounts receivable | 41 | €20,719 | €16,815 | -€3,904 | -18.8% |
| Cash at bank and in hand | 54/58 | €18,423 | €53,757 | +€35,334 | +191.8% |
| Deferred charges and accrued income | 490/1 | €7,768 | €994 | -€6,774 | -87.2% |
| Total equity and liabilities | 10/49 | €120,149 | €111,094 | -€9,054 | -7.5% |
| Equity | 10/15 | €61,523 | €40,099 | -€21,424 | -34.8% |
| Contributions | 10/11 | €20,460 | €1,860 | -€18,600 | -90.9% |
| Reserves | 13 | €40,696 | €38,239 | -€2,457 | -6.0% |
| Distributable reserves | 133 | €40,696 | €38,239 | -€2,457 | -6.0% |
| Profit (loss) carried forward | 14 | €367 | - | -€367 | |
| Amounts payable | 17/49 | €58,626 | €70,996 | +€12,369 | +21.1% |
| Amounts payable after more than one year | 17 | €12,422 | - | -€12,422 | |
| Financial debts | 170/4 | €12,422 | - | -€12,422 | |
| Amounts payable within one year | 42/48 | €46,204 | €70,996 | +€24,791 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €18,001 | €5,412 | -€12,589 | -69.9% |
| Trade debts | 44 | €17,563 | €32,954 | +€15,391 | +87.6% |
| Suppliers | 440/4 | €17,563 | €32,954 | +€15,391 | +87.6% |
| Taxes, remuneration and social security | 45 | €9,781 | €4,784 | -€4,997 | -51.1% |
| Taxes | 450/3 | €9,781 | €4,784 | -€4,997 | -51.1% |
| Other amounts payable | 47/48 | €859 | €27,846 | +€26,987 | +3141.7% |
| Remuneration, social security and pensions | 62 | €1,197 | €1,372 | +€175 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,745 | €9,095 | -€7,650 | -45.7% |
| Other operating charges | 640/8 | €960 | €10,249 | +€9,290 | +968.1% |
| Gross operating margin | 9900 | €38,325 | €59,631 | +€21,306 | +55.6% |
| Operating profit (loss) | 9901 | €19,424 | €38,915 | +€19,491 | +100.3% |
| Financial income | 75/76B | €1,123 | €2,059 | +€936 | +83.3% |
| Recurring financial income | 75 | €1,123 | €2,059 | +€936 | +83.3% |
| Financial charges | 65/66B | €3,307 | €3,389 | +€82 | +2.5% |
| Recurring financial charges | 65 | €3,307 | €3,389 | +€82 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €17,240 | €37,585 | +€20,345 | +118.0% |
| Income taxes | 67/77 | €5,690 | €12,563 | +€6,873 | +120.8% |
| Profit (loss) for the period | 9904 | €11,551 | €25,022 | +€13,471 | +116.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,551 | €25,022 | +€13,471 | +116.6% |
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 9 October 2026 via checked.be.