BRALAKO: 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.
BRALAKO
Largest movements
- Receivables within one year +€128,973
up €128,973 (+85.2%), from €151,323 to €280,296
of which Trade receivables: +€135,471
- Current investments +€28,000
up €28,000, from €0 to €28,000
- Cash -€20,905
down €20,905 (-33.2%), from €62,889 to €41,984
mainly Receivables within one year (-€128,973) and Debts after one year (-€37,549)
- Deferred charges and accrued income -€20,372
down €20,372 (-95.2%), from €21,410 to €1,038
- Tangible fixed assets -€12,838
down €12,838 (-29.5%), from €43,554 to €30,716
of which Leasing and similar rights: -€10,413
- Reserves +€165,306
up €165,306 (+61.1%), from €270,714 to €436,020
of which Distributable reserves: +€82,655
- Debts after one year -€37,549
down €37,549 (-79.8%), from €47,068 to €9,519
- Current portion of long-term debt -€23,140
down €23,140 (-38.1%), from €60,689 to €37,549
- Other debts -€16,522
down €16,522 (-9.7%), from €170,163 to €153,641
- Tax, wage and social debts +€10,858
up €10,858 (+121%), from €9,000 to €19,858
of which Taxes: +€11,394
- Gross operating margin +€99,649
up €99,649 (+68.1%), from €146,290 to €245,939
- Taxes +€18,039
up €18,039 (+46.8%), from €38,563 to €56,602
- Financial income -€8,274
down €8,274 (-100.0%), from €8,274 to €0
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 | €604,176 | €707,034 | +€102,858 | +17.0% |
| Fixed assets | 21/28 | €368,554 | €355,716 | -€12,838 | -3.5% |
| Tangible fixed assets | 22/27 | €43,554 | €30,716 | -€12,838 | -29.5% |
| Plant, machinery and equipment | 23 | €1,534 | €1,161 | -€373 | -24.3% |
| Furniture and vehicles | 24 | €10,495 | €8,443 | -€2,052 | -19.6% |
| Leasing and similar rights | 25 | €31,525 | €21,112 | -€10,413 | -33.0% |
| Financial fixed assets | 28 | €325,000 | €325,000 | = | 0.0% |
| Current assets | 29/58 | €235,622 | €351,318 | +€115,696 | +49.1% |
| Amounts receivable within one year | 40/41 | €151,323 | €280,296 | +€128,973 | +85.2% |
| Trade receivables | 40 | €144,825 | €280,296 | +€135,471 | +93.5% |
| Other amounts receivable | 41 | €6,498 | €0 | -€6,498 | -100% |
| Current investments | 50/53 | €0 | €28,000 | +€28,000 | |
| Cash at bank and in hand | 54/58 | €62,889 | €41,984 | -€20,905 | -33.2% |
| Deferred charges and accrued income | 490/1 | €21,410 | €1,038 | -€20,372 | -95.2% |
| Total equity and liabilities | 10/49 | €604,176 | €707,034 | +€102,858 | +17.0% |
| Equity | 10/15 | €289,314 | €454,620 | +€165,306 | +57.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €270,714 | €436,020 | +€165,306 | +61.1% |
| Tax-exempt reserves | 132 | €91,904 | €174,555 | +€82,651 | +89.9% |
| Distributable reserves | 133 | €178,810 | €261,465 | +€82,655 | +46.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €294,862 | €232,414 | -€62,448 | -21.2% |
| Amounts payable after more than one year | 17 | €47,068 | €9,519 | -€37,549 | -79.8% |
| Financial debts | 170/4 | €47,068 | €9,519 | -€37,549 | -79.8% |
| Amounts payable within one year | 42/48 | €247,794 | €222,894 | -€24,900 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €60,689 | €37,549 | -€23,140 | -38.1% |
| Financial debts | 43 | €3,410 | €3,387 | -€23 | -0.7% |
| Credit institutions | 430/8 | €3,410 | €3,387 | -€23 | -0.7% |
| Trade debts | 44 | €4,533 | €8,460 | +€3,927 | +86.6% |
| Suppliers | 440/4 | €4,533 | €8,460 | +€3,927 | +86.6% |
| Taxes, remuneration and social security | 45 | €9,000 | €19,858 | +€10,858 | +121% |
| Taxes | 450/3 | €6,600 | €17,994 | +€11,394 | +173% |
| Remuneration and social security | 454/9 | €2,400 | €1,864 | -€536 | -22.3% |
| Other amounts payable | 47/48 | €170,163 | €153,641 | -€16,522 | -9.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,769 | €18,826 | +€57 | +0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,969 | €1,915 | -€54 | -2.8% |
| Gross operating margin | 9900 | €146,290 | €245,939 | +€99,649 | +68.1% |
| Operating profit (loss) | 9901 | €125,552 | €225,198 | +€99,646 | +79.4% |
| Financial income | 75/76B | €8,274 | €0 | -€8,274 | -100.0% |
| Recurring financial income | 75 | €8,274 | €0 | -€8,274 | -100.0% |
| Financial charges | 65/66B | €1,567 | €3,290 | +€1,723 | +110% |
| Recurring financial charges | 65 | €1,567 | €3,290 | +€1,723 | +110% |
| Profit (loss) for the period before taxes | 9903 | €132,259 | €221,908 | +€89,649 | +67.8% |
| Income taxes | 67/77 | €38,563 | €56,602 | +€18,039 | +46.8% |
| Profit (loss) for the period | 9904 | €93,696 | €165,306 | +€71,611 | +76.4% |
| Transfer to tax-exempt reserves | 689 | €0 | €82,651 | +€82,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,696 | €82,655 | -€11,040 | -11.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.