BRAKHOF: 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.
BRAKHOF
Largest movements
- Receivables within one year -€96,954
down €96,954 (-35.2%), from €275,546 to €178,593
of which Trade receivables: -€105,142
- Cash +€77,689
up €77,689 (+886%), from €8,767 to €86,455
mainly Other debts (+€130,774) and Receivables within one year (+€96,954)
- Tangible fixed assets +€39,933
up €39,933 (+6.7%), from €594,240 to €634,173
of which Land and buildings: +€56,174
- Other debts +€130,774
up €130,774 (+36.0%), from €363,388 to €494,161
- Trade debts -€71,995
down €71,995 (-79.2%), from €90,891 to €18,896
- Debts after one year -€38,889
down €38,889 (-25.0%), from €155,555 to €116,666
- Reserves +€25,000
up €25,000 (+15.6%), from €160,000 to €185,000
- Tax, wage and social debts -€16,430
down €16,430 (-52.1%), from €31,554 to €15,124
- Gross operating margin -€11,126
down €11,126 (-8.8%), from €126,862 to €115,736
- Taxes -€8,188
down €8,188 (-45.3%), from €18,069 to €9,881
- Financial charges +€5,600
up €5,600 (+55.1%), from €10,168 to €15,768
- Depreciation +€2,656
up €2,656 (+4.9%), from €54,170 to €56,826
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 | €882,453 | €902,119 | +€19,666 | +2.2% |
| Fixed assets | 21/28 | €594,240 | €634,173 | +€39,933 | +6.7% |
| Tangible fixed assets | 22/27 | €594,240 | €634,173 | +€39,933 | +6.7% |
| Land and buildings | 22 | €458,479 | €514,653 | +€56,174 | +12.3% |
| Plant, machinery and equipment | 23 | €131,086 | €116,045 | -€15,041 | -11.5% |
| Furniture and vehicles | 24 | €4,675 | €3,475 | -€1,200 | -25.7% |
| Current assets | 29/58 | €288,213 | €267,946 | -€20,267 | -7.0% |
| Amounts receivable within one year | 40/41 | €275,546 | €178,593 | -€96,954 | -35.2% |
| Trade receivables | 40 | €270,616 | €165,474 | -€105,142 | -38.9% |
| Other amounts receivable | 41 | €4,931 | €13,119 | +€8,188 | +166% |
| Cash at bank and in hand | 54/58 | €8,767 | €86,455 | +€77,689 | +886% |
| Deferred charges and accrued income | 490/1 | €3,900 | €2,898 | -€1,002 | -25.7% |
| Total equity and liabilities | 10/49 | €882,453 | €902,119 | +€19,666 | +2.2% |
| Equity | 10/15 | €189,244 | €205,426 | +€16,182 | +8.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €160,000 | €185,000 | +€25,000 | +15.6% |
| Distributable reserves | 133 | €160,000 | €185,000 | +€25,000 | +15.6% |
| Profit (loss) carried forward | 14 | €9,244 | €426 | -€8,818 | -95.4% |
| Amounts payable | 17/49 | €693,209 | €696,693 | +€3,484 | +0.5% |
| Amounts payable after more than one year | 17 | €155,555 | €116,666 | -€38,889 | -25.0% |
| Financial debts | 170/4 | €155,555 | €116,666 | -€38,889 | -25.0% |
| Amounts payable within one year | 42/48 | €536,388 | €578,737 | +€42,348 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €38,889 | €38,889 | = | 0.0% |
| Financial debts | 43 | €11,667 | €11,667 | = | 0.0% |
| Credit institutions | 430/8 | €11,667 | €11,667 | = | 0.0% |
| Trade debts | 44 | €90,891 | €18,896 | -€71,995 | -79.2% |
| Suppliers | 440/4 | €90,891 | €18,896 | -€71,995 | -79.2% |
| Taxes, remuneration and social security | 45 | €31,554 | €15,124 | -€16,430 | -52.1% |
| Taxes | 450/3 | €31,554 | €15,124 | -€16,430 | -52.1% |
| Other amounts payable | 47/48 | €363,388 | €494,161 | +€130,774 | +36.0% |
| Accrued charges and deferred income | 492/3 | €1,265 | €1,289 | +€24 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,170 | €56,826 | +€2,656 | +4.9% |
| Other operating charges | 640/8 | €4,070 | €4,867 | +€796 | +19.6% |
| Gross operating margin | 9900 | €126,862 | €115,736 | -€11,126 | -8.8% |
| Operating profit (loss) | 9901 | €68,622 | €54,043 | -€14,578 | -21.2% |
| Financial charges | 65/66B | €10,168 | €15,768 | +€5,600 | +55.1% |
| Recurring financial charges | 65 | €10,168 | €15,768 | +€5,600 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €58,454 | €38,275 | -€20,179 | -34.5% |
| Income taxes | 67/77 | €18,069 | €9,881 | -€8,188 | -45.3% |
| Profit (loss) for the period | 9904 | €40,384 | €28,394 | -€11,990 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,384 | €28,394 | -€11,990 | -29.7% |
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 1 November 2026 via checked.be.