BRAGIL: what changed
Two fiscal 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
BRAGIL
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,300
2024 · €6,303+€997
Equity
€2.0m
2024 · €2.0m+€7,300
Cash
€12,984
2024 · €21,948-€8,964
Balance sheet total
€7.5m
2024 · €8.1m-€610,803
Largest movements
Assets
- Receivables within one year -€676,299
down €676,299 (-59.5%), from €1.1m to €460,828
of which Trade receivables: -€884,375
- Stocks and contracts +€96,132
up €96,132 (+3.0%), from €3.2m to €3.3m
of which Stocks: +€93,132
Equity and liabilities
- Trade debts -€829,117
down €829,117 (-85.7%), from €967,805 to €138,688
- Short-term financial debts +€280,000
up €280,000 (+15.6%), from €1.8m to €2.1m
- Debts after one year -€91,136
down €91,136 (-4.8%), from €1.9m to €1.8m
Income statement
- Gross operating margin +€18,678
up €18,678 (+6.7%), from €280,738 to €299,416
- Depreciation +€10,830
up €10,830 (+10.6%), from €102,318 to €113,149
- Other operating charges +€5,752
up €5,752 (+25.2%), from €22,857 to €28,608
- Financial charges +€5,556
up €5,556 (+4.5%), from €122,732 to €128,288
- Taxes -€3,141
down €3,141 (-67.0%), from €4,690 to €1,550
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
€6,303
Gross operating margin
+€18,678
Staff costs
+€1,316
Depreciation
-€10,830
Other operating charges
-€5,752
Financial charges
-€5,556
Taxes
+€3,141
Result 2025
€7,300
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.
From operations
-€91,904
Investment
-€91,477
Financing
+€174,417
Cash 2024
€21,948
From operations (derived)
-€91,904
Net result for the year
+€7,300
Depreciation
+€113,149
Stocks and contracts
-€96,132
Receivables within one year
+€676,299
Trade debts
-€829,117
Tax, wage and social debts
+€28,017
Other debts
-€24,852
Accrued charges and deferred income
+€33,431
Investment (derived)
-€91,477
Investment in fixed assets (net)
-€91,477
Financing
+€174,417
Debts after one year
-€91,136
Current portion of long-term debt
-€14,448
Short-term financial debts
+€280,000
Cash 2025
€12,984
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,110,665 | €7,499,862 | -€610,803 | -7.5% |
| Fixed assets | 21/28 | €3,674,835 | €3,653,163 | -€21,672 | -0.6% |
| Intangible fixed assets | 21 | - | €7,271 | +€7,271 | |
| Tangible fixed assets | 22/27 | €3,462,561 | €3,433,618 | -€28,943 | -0.8% |
| Land and buildings | 22 | €3,161,324 | €3,090,895 | -€70,429 | -2.2% |
| Plant, machinery and equipment | 23 | €13,782 | €7,711 | -€6,071 | -44.0% |
| Furniture and vehicles | 24 | €132,234 | €193,975 | +€61,741 | +46.7% |
| Leasing and similar rights | 25 | €23,627 | €15,184 | -€8,443 | -35.7% |
| Other tangible fixed assets | 26 | €131,593 | €125,852 | -€5,741 | -4.4% |
| Financial fixed assets | 28 | €212,274 | €212,274 | = | 0.0% |
| Current assets | 29/58 | €4,435,830 | €3,846,699 | -€589,131 | -13.3% |
| Stocks and contracts in progress | 3 | €3,229,966 | €3,326,097 | +€96,132 | +3.0% |
| Stocks | 30/36 | €3,164,966 | €3,258,097 | +€93,132 | +2.9% |
| Contracts in progress | 37 | €65,000 | €68,000 | +€3,000 | +4.6% |
| Amounts receivable within one year | 40/41 | €1,137,127 | €460,828 | -€676,299 | -59.5% |
| Trade receivables | 40 | €1,119,734 | €235,359 | -€884,375 | -79.0% |
| Other amounts receivable | 41 | €17,393 | €225,469 | +€208,076 | +1196.3% |
| Cash at bank and in hand | 54/58 | €21,948 | €12,984 | -€8,964 | -40.8% |
| Deferred charges and accrued income | 490/1 | €46,789 | €46,789 | = | 0.0% |
| Total equity and liabilities | 10/49 | €8,110,665 | €7,499,862 | -€610,803 | -7.5% |
| Equity | 10/15 | €2,025,294 | €2,032,594 | +€7,300 | +0.4% |
| Contributions | 10/11 | €318,550 | €318,550 | = | 0.0% |
| Revaluation surpluses | 12 | €313,017 | €313,017 | = | 0.0% |
| Reserves | 13 | €1,393,727 | €1,401,027 | +€7,300 | +0.5% |
| Non-distributable reserves | 130/1 | €31,855 | €31,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,855 | €31,855 | = | 0.0% |
| Distributable reserves | 133 | €1,361,872 | €1,369,172 | +€7,300 | +0.5% |
| Amounts payable | 17/49 | €6,085,372 | €5,467,268 | -€618,104 | -10.2% |
| Amounts payable after more than one year | 17 | €1,901,565 | €1,810,429 | -€91,136 | -4.8% |
| Financial debts | 170/4 | €1,901,565 | €1,810,429 | -€91,136 | -4.8% |
| Amounts payable within one year | 42/48 | €4,121,998 | €3,561,598 | -€560,400 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €168,801 | €154,353 | -€14,448 | -8.6% |
| Financial debts | 43 | €1,795,000 | €2,075,000 | +€280,000 | +15.6% |
| Credit institutions | 430/8 | €1,795,000 | €2,075,000 | +€280,000 | +15.6% |
| Trade debts | 44 | €967,805 | €138,688 | -€829,117 | -85.7% |
| Suppliers | 440/4 | €967,805 | €138,688 | -€829,117 | -85.7% |
| Taxes, remuneration and social security | 45 | €26,853 | €54,871 | +€28,017 | +104.3% |
| Taxes | 450/3 | €26,529 | €54,311 | +€27,782 | +104.7% |
| Remuneration and social security | 454/9 | €324 | €559 | +€235 | +72.6% |
| Other amounts payable | 47/48 | €1,163,539 | €1,138,687 | -€24,852 | -2.1% |
| Accrued charges and deferred income | 492/3 | €61,809 | €95,241 | +€33,431 | +54.1% |
| Non-recurring operating income | 76A | €19,414 | €19,000 | -€414 | -2.1% |
| Remuneration, social security and pensions | 62 | €21,837 | €20,521 | -€1,316 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,318 | €113,149 | +€10,830 | +10.6% |
| Other operating charges | 640/8 | €22,857 | €28,608 | +€5,752 | +25.2% |
| Gross operating margin | 9900 | €280,738 | €299,416 | +€18,678 | +6.7% |
| Operating profit (loss) | 9901 | €133,725 | €137,138 | +€3,412 | +2.6% |
| Financial charges | 65/66B | €122,732 | €128,288 | +€5,556 | +4.5% |
| Recurring financial charges | 65 | €122,732 | €128,288 | +€5,556 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €10,994 | €8,850 | -€2,144 | -19.5% |
| Income taxes | 67/77 | €4,690 | €1,550 | -€3,141 | -67.0% |
| Profit (loss) for the period | 9904 | €6,303 | €7,300 | +€997 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,303 | €7,300 | +€997 | +15.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.