BUILD MANAGEMENT BRACKE: 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.
BUILD MANAGEMENT BRACKE
Largest movements
- Tangible fixed assets +€11,164
up €11,164 (+50.8%), from €21,969 to €33,134
of which Other tangible fixed assets: +€16,222
- Cash -€8,098
down €8,098 (-21.4%), from €37,923 to €29,825
mainly Debts after one year (-€31,337) and Investment in fixed assets (net) (-€19,297)
- Reserves +€31,437
up €31,437 (+81.9%), from €38,374 to €69,812
- Debts after one year -€31,337
down €31,337 (-19.6%), from €159,887 to €128,550
- Tax, wage and social debts +€7,825
up €7,825 (+31.9%), from €24,552 to €32,377
- Trade debts -€6,872
down €6,872 (-34.4%), from €20,000 to €13,128
- Gross operating margin -€11,984
down €11,984 (-17.1%), from €69,945 to €57,960
- Taxes -€4,744
down €4,744 (-27.3%), from €17,387 to €12,643
- Depreciation +€2,999
up €2,999 (+58.4%), from €5,133 to €8,133
- Financial charges -€2,066
down €2,066 (-31.2%), from €6,619 to €4,553
- Other operating charges -€1,240
down €1,240 (-50.9%), from €2,434 to €1,194
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 | €274,972 | €278,597 | +€3,625 | +1.3% |
| Fixed assets | 21/28 | €236,969 | €248,134 | +€11,164 | +4.7% |
| Tangible fixed assets | 22/27 | €21,969 | €33,134 | +€11,164 | +50.8% |
| Furniture and vehicles | 24 | €20,170 | €15,112 | -€5,058 | -25.1% |
| Other tangible fixed assets | 26 | €1,799 | €18,021 | +€16,222 | +902% |
| Financial fixed assets | 28 | €215,000 | €215,000 | = | 0.0% |
| Current assets | 29/58 | €38,003 | €30,463 | -€7,539 | -19.8% |
| Amounts receivable within one year | 40/41 | €2 | €557 | +€554 | +23,896% |
| Other amounts receivable | 41 | €2 | €557 | +€554 | +23,896% |
| Cash at bank and in hand | 54/58 | €37,923 | €29,825 | -€8,098 | -21.4% |
| Deferred charges and accrued income | 490/1 | €77 | €82 | +€4 | +5.6% |
| Total equity and liabilities | 10/49 | €274,972 | €278,597 | +€3,625 | +1.3% |
| Equity | 10/15 | €43,374 | €74,812 | +€31,437 | +72.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,374 | €69,812 | +€31,437 | +81.9% |
| Distributable reserves | 133 | €38,374 | €69,812 | +€31,437 | +81.9% |
| Amounts payable | 17/49 | €231,597 | €203,785 | -€27,812 | -12.0% |
| Amounts payable after more than one year | 17 | €159,887 | €128,550 | -€31,337 | -19.6% |
| Financial debts | 170/4 | €159,887 | €128,550 | -€31,337 | -19.6% |
| Amounts payable within one year | 42/48 | €70,739 | €73,365 | +€2,625 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €22,035 | €23,004 | +€968 | +4.4% |
| Trade debts | 44 | €20,000 | €13,128 | -€6,872 | -34.4% |
| Suppliers | 440/4 | €20,000 | €13,128 | -€6,872 | -34.4% |
| Taxes, remuneration and social security | 45 | €24,552 | €32,377 | +€7,825 | +31.9% |
| Taxes | 450/3 | €24,552 | €32,377 | +€7,825 | +31.9% |
| Other amounts payable | 47/48 | €4,152 | €4,855 | +€703 | +16.9% |
| Accrued charges and deferred income | 492/3 | €971 | €1,871 | +€900 | +92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,133 | €8,133 | +€2,999 | +58.4% |
| Other operating charges | 640/8 | €2,434 | €1,194 | -€1,240 | -50.9% |
| Gross operating margin | 9900 | €69,945 | €57,960 | -€11,984 | -17.1% |
| Operating profit (loss) | 9901 | €62,377 | €48,634 | -€13,744 | -22.0% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €6,619 | €4,553 | -€2,066 | -31.2% |
| Recurring financial charges | 65 | €6,619 | €4,553 | -€2,066 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €55,762 | €44,080 | -€11,681 | -20.9% |
| Income taxes | 67/77 | €17,387 | €12,643 | -€4,744 | -27.3% |
| Profit (loss) for the period | 9904 | €38,374 | €31,437 | -€6,937 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,374 | €31,437 | -€6,937 | -18.1% |
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 21 October 2026 via checked.be.