BRAGARD-DATH: 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-DATH
Largest movements
- Receivables within one year +€6,983
up €6,983 (+5.0%), from €140,381 to €147,364
- Tangible fixed assets +€2,861
up €2,861 (+9.5%), from €30,091 to €32,952
of which Furniture and vehicles: +€5,265
- Reserves +€13,271
up €13,271 (+9.8%), from €135,703 to €148,973
- Tax, wage and social debts +€4,404
up €4,404 (+75.6%), from €5,827 to €10,231
- Gross operating margin +€6,606
up €6,606 (+8.4%), from €79,032 to €85,639
- Other operating charges -€2,967
down €2,967 (-63.9%), from €4,644 to €1,676
- Depreciation -€2,193
down €2,193 (-23.5%), from €9,317 to €7,124
- Taxes +€1,613
up €1,613 (+9.1%), from €17,792 to €19,404
- Financial charges -€1,164
down €1,164 (-36.6%), from €3,182 to €2,018
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 | €198,848 | €212,280 | +€13,432 | +6.8% |
| Fixed assets | 21/28 | €30,091 | €32,952 | +€2,861 | +9.5% |
| Tangible fixed assets | 22/27 | €30,091 | €32,952 | +€2,861 | +9.5% |
| Furniture and vehicles | 24 | €12,013 | €17,278 | +€5,265 | +43.8% |
| Other tangible fixed assets | 26 | €18,078 | €15,674 | -€2,404 | -13.3% |
| Current assets | 29/58 | €168,757 | €179,328 | +€10,571 | +6.3% |
| Amounts receivable within one year | 40/41 | €140,381 | €147,364 | +€6,983 | +5.0% |
| Other amounts receivable | 41 | €140,381 | €147,364 | +€6,983 | +5.0% |
| Cash at bank and in hand | 54/58 | €3,501 | €5,272 | +€1,772 | +50.6% |
| Deferred charges and accrued income | 490/1 | €24,875 | €26,692 | +€1,817 | +7.3% |
| Total equity and liabilities | 10/49 | €198,848 | €212,280 | +€13,432 | +6.8% |
| Equity | 10/15 | €138,703 | €151,973 | +€13,271 | +9.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €135,703 | €148,973 | +€13,271 | +9.8% |
| Distributable reserves | 133 | €135,703 | €148,973 | +€13,271 | +9.8% |
| Amounts payable | 17/49 | €60,145 | €60,306 | +€161 | +0.3% |
| Amounts payable within one year | 42/48 | €60,145 | €60,306 | +€161 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €912 | - | -€912 | |
| Trade debts | 44 | €1,541 | €75 | -€1,466 | -95.1% |
| Suppliers | 440/4 | €1,541 | €75 | -€1,466 | -95.1% |
| Taxes, remuneration and social security | 45 | €5,827 | €10,231 | +€4,404 | +75.6% |
| Taxes | 450/3 | €5,827 | €10,231 | +€4,404 | +75.6% |
| Other amounts payable | 47/48 | €51,865 | €50,000 | -€1,865 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,317 | €7,124 | -€2,193 | -23.5% |
| Other operating charges | 640/8 | €4,644 | €1,676 | -€2,967 | -63.9% |
| Non-recurring operating charges | 66A | - | €116 | +€116 | |
| Gross operating margin | 9900 | €79,032 | €85,639 | +€6,606 | +8.4% |
| Operating profit (loss) | 9901 | €65,071 | €76,722 | +€11,651 | +17.9% |
| Financial income | 75/76B | €7,768 | €7,971 | +€203 | +2.6% |
| Recurring financial income | 75 | €7,768 | €7,971 | +€203 | +2.6% |
| Financial charges | 65/66B | €3,182 | €2,018 | -€1,164 | -36.6% |
| Recurring financial charges | 65 | €3,182 | €2,018 | -€1,164 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €69,657 | €82,675 | +€13,018 | +18.7% |
| Income taxes | 67/77 | €17,792 | €19,404 | +€1,613 | +9.1% |
| Profit (loss) for the period | 9904 | €51,865 | €63,271 | +€11,406 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,865 | €63,271 | +€11,406 | +22.0% |
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.