BRAKINE: 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.
BRAKINE
Largest movements
- Cash +€32,444
up €32,444 (+57.6%), from €56,328 to €88,772
mainly Net result for the year (+€39,841) and Depreciation (+€32,016)
- Tangible fixed assets -€23,047
down €23,047 (-13.4%), from €171,639 to €148,592
of which Land and buildings: -€21,948
- Current investments +€8,000
up €8,000 (+17.0%), from €47,000 to €55,000
- Receivables within one year -€5,302
down €5,302 (-6.1%), from €87,154 to €81,852
of which Trade receivables: -€4,973
- Profit (loss) carried forward +€39,841
up €39,841 (+26.4%), from €151,079 to €190,920
- Debts after one year -€22,799
down €22,799 (-48.7%), from €46,843 to €24,044
of which Financial debts: -€22,799
- Tax, wage and social debts +€9,299
new in 2025: €9,299
- Trade debts -€8,544
no longer reported in 2025 (was €8,544)
- Other debts -€7,356
down €7,356 (-40.3%), from €18,231 to €10,875
- Turnover -€146,709
no longer reported in 2025 (was €146,709)
- Gross operating margin +€16,997
up €16,997 (+18.1%), from €94,023 to €111,020
- Taxes +€9,101
up €9,101 (+104.5%), from €8,711 to €17,812
- Other operating charges -€3,647
down €3,647 (-17.5%), from €20,801 to €17,154
- Financial income -€2,089
down €2,089 (-52.7%), from €3,964 to €1,875
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 | €364,070 | €375,387 | +€11,317 | +3.1% |
| Fixed assets | 21/28 | €171,764 | €148,717 | -€23,047 | -13.4% |
| Tangible fixed assets | 22/27 | €171,639 | €148,592 | -€23,047 | -13.4% |
| Land and buildings | 22 | €157,842 | €135,894 | -€21,948 | -13.9% |
| Plant, machinery and equipment | 23 | €2,258 | €738 | -€1,520 | -67.3% |
| Furniture and vehicles | 24 | €11,539 | €11,960 | +€421 | +3.6% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €192,306 | €226,670 | +€34,364 | +17.9% |
| Amounts receivable within one year | 40/41 | €87,154 | €81,852 | -€5,302 | -6.1% |
| Trade receivables | 40 | €81,079 | €76,106 | -€4,973 | -6.1% |
| Other amounts receivable | 41 | €6,075 | €5,746 | -€329 | -5.4% |
| Current investments | 50/53 | €47,000 | €55,000 | +€8,000 | +17.0% |
| Cash at bank and in hand | 54/58 | €56,328 | €88,772 | +€32,444 | +57.6% |
| Deferred charges and accrued income | 490/1 | €1,824 | €1,046 | -€778 | -42.7% |
| Total equity and liabilities | 10/49 | €364,070 | €375,387 | +€11,317 | +3.1% |
| Equity | 10/15 | €268,530 | €308,371 | +€39,841 | +14.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €98,859 | €98,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €97,000 | €97,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,079 | €190,920 | +€39,841 | +26.4% |
| Amounts payable | 17/49 | €95,540 | €67,016 | -€28,524 | -29.9% |
| Amounts payable after more than one year | 17 | €46,843 | €24,044 | -€22,799 | -48.7% |
| Financial debts | 170/4 | €43,643 | €20,844 | -€22,799 | -52.2% |
| Other amounts payable | 178/9 | €3,200 | €3,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,697 | €42,972 | -€5,725 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €21,922 | €22,798 | +€876 | +4.0% |
| Trade debts | 44 | €8,544 | - | -€8,544 | |
| Suppliers | 440/4 | €8,544 | - | -€8,544 | |
| Taxes, remuneration and social security | 45 | - | €9,299 | +€9,299 | |
| Taxes | 450/3 | - | €9,299 | +€9,299 | |
| Other amounts payable | 47/48 | €18,231 | €10,875 | -€7,356 | -40.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €146,709 | - | -€146,709 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,083 | €32,016 | -€2,067 | -6.1% |
| Other operating charges | 640/8 | €20,801 | €17,154 | -€3,647 | -17.5% |
| Non-recurring operating charges | 66A | - | €3,879 | +€3,879 | |
| Gross operating margin | 9900 | €94,023 | €111,020 | +€16,997 | +18.1% |
| Operating profit (loss) | 9901 | €39,139 | €57,971 | +€18,832 | +48.1% |
| Financial income | 75/76B | €3,964 | €1,875 | -€2,089 | -52.7% |
| Recurring financial income | 75 | €3,964 | €1,875 | -€2,089 | -52.7% |
| Financial charges | 65/66B | €3,141 | €2,193 | -€948 | -30.2% |
| Recurring financial charges | 65 | €3,141 | €2,193 | -€948 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €39,962 | €57,653 | +€17,691 | +44.3% |
| Income taxes | 67/77 | €8,711 | €17,812 | +€9,101 | +104.5% |
| Profit (loss) for the period | 9904 | €31,251 | €39,841 | +€8,590 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,251 | €39,841 | +€8,590 | +27.5% |
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 7 October 2026 via checked.be.