BRAZACCA HOLDING: 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.
BRAZACCA HOLDING
Largest movements
- Tangible fixed assets -€32,540
down €32,540 (-3.6%), from €897,858 to €865,318
of which Land and buildings: -€28,374
- Profit (loss) carried forward -€236,621
no longer reported in 2025 (was €236,621)
- Reserves +€232,647
up €232,647 (+226%), from €103,137 to €335,784
of which Distributable reserves: +€335,784
- Other debts +€123,743
new in 2025: €123,743
- Debts after one year -€58,452
down €58,452 (-14.1%), from €415,550 to €357,098
- Current portion of long-term debt -€57,419
no longer reported in 2025 (was €57,419)
- Gross operating margin +€23,062
up €23,062 (+139%), from €16,640 to €39,702
- Taxes -€5,062
down €5,062 (-99.7%), from €5,079 to €17
- Depreciation -€1,746
down €1,746 (-5.1%), from €34,286 to €32,540
- Financial charges -€911
down €911 (-9.6%), from €9,450 to €8,539
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 | €938,084 | €896,509 | -€41,575 | -4.4% |
| Fixed assets | 21/28 | €915,858 | €883,318 | -€32,540 | -3.6% |
| Tangible fixed assets | 22/27 | €897,858 | €865,318 | -€32,540 | -3.6% |
| Land and buildings | 22 | €890,283 | €861,909 | -€28,374 | -3.2% |
| Plant, machinery and equipment | 23 | €271 | - | -€271 | |
| Furniture and vehicles | 24 | €7,304 | €3,409 | -€3,895 | -53.3% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €22,226 | €13,191 | -€9,035 | -40.7% |
| Amounts receivable within one year | 40/41 | €10,125 | €964 | -€9,161 | -90.5% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €125 | €964 | +€839 | +671% |
| Cash at bank and in hand | 54/58 | €10,559 | €9,232 | -€1,327 | -12.6% |
| Deferred charges and accrued income | 490/1 | €1,542 | €2,995 | +€1,453 | +94.2% |
| Total equity and liabilities | 10/49 | €938,084 | €896,509 | -€41,575 | -4.4% |
| Equity | 10/15 | €360,163 | €356,189 | -€3,974 | -1.1% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €103,137 | €335,784 | +€232,647 | +226% |
| Tax-exempt reserves | 132 | €103,137 | - | -€103,137 | |
| Distributable reserves | 133 | - | €335,784 | +€335,784 | |
| Profit (loss) carried forward | 14 | €236,621 | - | -€236,621 | |
| Amounts payable | 17/49 | €577,921 | €540,320 | -€37,601 | -6.5% |
| Amounts payable after more than one year | 17 | €415,550 | €357,098 | -€58,452 | -14.1% |
| Financial debts | 170/4 | €415,550 | €357,098 | -€58,452 | -14.1% |
| Amounts payable within one year | 42/48 | €162,371 | €183,222 | +€20,851 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €57,419 | - | -€57,419 | |
| Financial debts | 43 | €96,183 | €58,452 | -€37,731 | -39.2% |
| Credit institutions | 430/8 | - | €58,452 | +€58,452 | |
| Other loans | 439 | €96,183 | - | -€96,183 | |
| Trade debts | 44 | €3,690 | €1,027 | -€2,663 | -72.2% |
| Suppliers | 440/4 | €3,690 | €1,027 | -€2,663 | -72.2% |
| Taxes, remuneration and social security | 45 | €5,079 | - | -€5,079 | |
| Taxes | 450/3 | €5,079 | - | -€5,079 | |
| Other amounts payable | 47/48 | - | €123,743 | +€123,743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,286 | €32,540 | -€1,746 | -5.1% |
| Other operating charges | 640/8 | €2,493 | €2,580 | +€87 | +3.5% |
| Gross operating margin | 9900 | €16,640 | €39,702 | +€23,062 | +139% |
| Operating profit (loss) | 9901 | -€20,139 | €4,582 | +€24,721 | |
| Financial charges | 65/66B | €9,450 | €8,539 | -€911 | -9.6% |
| Recurring financial charges | 65 | €9,450 | €8,539 | -€911 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,589 | -€3,957 | +€25,632 | +86.6% |
| Income taxes | 67/77 | €5,079 | €17 | -€5,062 | -99.7% |
| Profit (loss) for the period | 9904 | -€34,668 | -€3,974 | +€30,694 | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,668 | -€3,974 | +€30,694 | +88.5% |
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 15 October 2026 via checked.be.