Brasco: 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.
Brasco
Largest movements
- Tangible fixed assets -€57,350
down €57,350 (-6.3%), from €907,194 to €849,844
of which Other tangible fixed assets: -€30,153
- Cash +€22,619
up €22,619 (+1,552%), from €1,457 to €24,076
mainly Depreciation (+€87,523) and Debts after one year (+€53,403)
- Receivables within one year -€10,647
down €10,647 (-23.4%), from €45,543 to €34,896
of which Other amounts receivable: -€13,920
- Debts after one year +€53,403
up €53,403 (+12.7%), from €419,622 to €473,024
of which Other amounts payable: +€145,411
- Profit (loss) carried forward -€29,634
down €29,634 (-57.3%), from -€51,744 to -€81,378
- Tax, wage and social debts -€29,417
down €29,417 (-10.0%), from €295,532 to €266,115
of which Taxes: -€43,259
- Other debts -€21,850
down €21,850 (-23.0%), from €95,082 to €73,232
- Current portion of long-term debt -€19,959
down €19,959 (-29.8%), from €66,967 to €47,008
- Staff costs -€98,798
down €98,798 (-13.2%), from €746,842 to €648,043
- Gross operating margin -€91,930
down €91,930 (-10.8%), from €847,480 to €755,550
- Depreciation -€8,533
down €8,533 (-8.9%), from €96,055 to €87,523
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 | €994,252 | €960,195 | -€34,057 | -3.4% |
| Formation expenses | 20 | €775 | €538 | -€236 | -30.5% |
| Fixed assets | 21/28 | €917,694 | €860,344 | -€57,350 | -6.2% |
| Tangible fixed assets | 22/27 | €907,194 | €849,844 | -€57,350 | -6.3% |
| Plant, machinery and equipment | 23 | €153,879 | €137,685 | -€16,194 | -10.5% |
| Furniture and vehicles | 24 | €94,474 | €83,470 | -€11,004 | -11.6% |
| Other tangible fixed assets | 26 | €658,841 | €628,688 | -€30,153 | -4.6% |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €75,783 | €99,313 | +€23,530 | +31.0% |
| Stocks and contracts in progress | 3 | €23,128 | €31,780 | +€8,651 | +37.4% |
| Stocks | 30/36 | €23,128 | €31,780 | +€8,651 | +37.4% |
| Amounts receivable within one year | 40/41 | €45,543 | €34,896 | -€10,647 | -23.4% |
| Trade receivables | 40 | €18,190 | €21,463 | +€3,273 | +18.0% |
| Other amounts receivable | 41 | €27,353 | €13,434 | -€13,920 | -50.9% |
| Cash at bank and in hand | 54/58 | €1,457 | €24,076 | +€22,619 | +1,552% |
| Deferred charges and accrued income | 490/1 | €5,654 | €8,561 | +€2,907 | +51.4% |
| Total equity and liabilities | 10/49 | €994,252 | €960,195 | -€34,057 | -3.4% |
| Equity | 10/15 | -€11,744 | -€41,378 | -€29,634 | -252% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,744 | -€81,378 | -€29,634 | -57.3% |
| Amounts payable | 17/49 | €1,005,996 | €1,001,573 | -€4,423 | -0.4% |
| Amounts payable after more than one year | 17 | €419,622 | €473,024 | +€53,403 | +12.7% |
| Financial debts | 170/4 | €370,122 | €278,113 | -€92,008 | -24.9% |
| Other amounts payable | 178/9 | €49,500 | €194,911 | +€145,411 | +294% |
| Amounts payable within one year | 42/48 | €586,374 | €528,548 | -€57,825 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €66,967 | €47,008 | -€19,959 | -29.8% |
| Financial debts | 43 | €60 | €8,740 | +€8,679 | +14,370% |
| Credit institutions | 430/8 | €60 | €8,740 | +€8,679 | +14,370% |
| Trade debts | 44 | €128,732 | €133,452 | +€4,721 | +3.7% |
| Suppliers | 440/4 | €128,732 | €133,452 | +€4,721 | +3.7% |
| Taxes, remuneration and social security | 45 | €295,532 | €266,115 | -€29,417 | -10.0% |
| Taxes | 450/3 | €112,368 | €69,110 | -€43,259 | -38.5% |
| Remuneration and social security | 454/9 | €183,164 | €197,006 | +€13,842 | +7.6% |
| Other amounts payable | 47/48 | €95,082 | €73,232 | -€21,850 | -23.0% |
| Non-recurring operating income | 76A | - | €260 | +€260 | |
| Remuneration, social security and pensions | 62 | €746,842 | €648,043 | -€98,798 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,055 | €87,523 | -€8,533 | -8.9% |
| Other operating charges | 640/8 | €16,917 | €11,200 | -€5,717 | -33.8% |
| Gross operating margin | 9900 | €847,480 | €755,550 | -€91,930 | -10.8% |
| Operating profit (loss) | 9901 | -€12,334 | €8,784 | +€21,118 | |
| Financial income | 75/76B | €431 | €394 | -€37 | -8.6% |
| Recurring financial income | 75 | €431 | €394 | -€37 | -8.6% |
| Financial charges | 65/66B | €39,825 | €38,812 | -€1,013 | -2.5% |
| Recurring financial charges | 65 | €39,825 | €38,812 | -€1,013 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,728 | -€29,634 | +€22,094 | +42.7% |
| Income taxes | 67/77 | €16 | - | -€16 | |
| Profit (loss) for the period | 9904 | -€51,744 | -€29,634 | +€22,109 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,744 | -€29,634 | +€22,109 | +42.7% |
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 14 October 2026 via checked.be.