Daisy Bracke: 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.
Daisy Bracke
Largest movements
- Tangible fixed assets -€23,931
down €23,931 (-4.3%), from €559,750 to €535,819
of which Land and buildings: -€23,461
- Debts after one year -€59,016
down €59,016 (-15.5%), from €380,745 to €321,729
- Reserves +€34,562
up €34,562 (+10.2%), from €339,928 to €374,490
- Gross operating margin +€8,588
up €8,588 (+10.1%), from €84,696 to €93,283
- Taxes +€5,228
up €5,228 (+43.7%), from €11,975 to €17,203
- Financial income +€4,466
up €4,466 (+51.4%), from €8,690 to €13,156
- Depreciation +€1,541
up €1,541 (+3.8%), from €40,108 to €41,649
- Financial charges -€1,382
down €1,382 (-12.0%), from €11,539 to €10,157
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 | €1,131,244 | €1,115,732 | -€15,512 | -1.4% |
| Fixed assets | 21/28 | €559,750 | €535,819 | -€23,931 | -4.3% |
| Tangible fixed assets | 22/27 | €559,750 | €535,819 | -€23,931 | -4.3% |
| Land and buildings | 22 | €556,296 | €532,835 | -€23,461 | -4.2% |
| Furniture and vehicles | 24 | €2,229 | €1,758 | -€470 | -21.1% |
| Other tangible fixed assets | 26 | €1,226 | €1,226 | = | 0.0% |
| Current assets | 29/58 | €571,494 | €579,913 | +€8,419 | +1.5% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,078 | €29,337 | +€11,259 | +62.3% |
| Trade receivables | 40 | €12,246 | €15,684 | +€3,437 | +28.1% |
| Other amounts receivable | 41 | €5,831 | €13,653 | +€7,822 | +134.1% |
| Cash at bank and in hand | 54/58 | €401,845 | €396,388 | -€5,457 | -1.4% |
| Deferred charges and accrued income | 490/1 | €1,571 | €4,188 | +€2,617 | +166.6% |
| Total equity and liabilities | 10/49 | €1,131,244 | €1,115,732 | -€15,512 | -1.4% |
| Equity | 10/15 | €352,328 | €386,890 | +€34,562 | +9.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €339,928 | €374,490 | +€34,562 | +10.2% |
| Distributable reserves | 133 | €339,928 | €374,490 | +€34,562 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €778,916 | €728,842 | -€50,074 | -6.4% |
| Amounts payable after more than one year | 17 | €380,745 | €321,729 | -€59,016 | -15.5% |
| Financial debts | 170/4 | €380,745 | €321,729 | -€59,016 | -15.5% |
| Amounts payable within one year | 42/48 | €398,124 | €406,768 | +€8,644 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €57,677 | €59,016 | +€1,340 | +2.3% |
| Trade debts | 44 | €1,844 | €1,253 | -€591 | -32.0% |
| Suppliers | 440/4 | €1,844 | €1,253 | -€591 | -32.0% |
| Taxes, remuneration and social security | 45 | €10,350 | €10,610 | +€260 | +2.5% |
| Taxes | 450/3 | €10,350 | €10,610 | +€260 | +2.5% |
| Other amounts payable | 47/48 | €328,253 | €335,888 | +€7,635 | +2.3% |
| Accrued charges and deferred income | 492/3 | €46 | €344 | +€298 | +641.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,108 | €41,649 | +€1,541 | +3.8% |
| Other operating charges | 640/8 | €2,711 | €2,868 | +€157 | +5.8% |
| Gross operating margin | 9900 | €84,696 | €93,283 | +€8,588 | +10.1% |
| Operating profit (loss) | 9901 | €41,876 | €48,766 | +€6,890 | +16.5% |
| Financial income | 75/76B | €8,690 | €13,156 | +€4,466 | +51.4% |
| Recurring financial income | 75 | €8,690 | €13,156 | +€4,466 | +51.4% |
| Financial charges | 65/66B | €11,539 | €10,157 | -€1,382 | -12.0% |
| Recurring financial charges | 65 | €11,539 | €10,157 | -€1,382 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €39,027 | €51,765 | +€12,738 | +32.6% |
| Income taxes | 67/77 | €11,975 | €17,203 | +€5,228 | +43.7% |
| Profit (loss) for the period | 9904 | €27,053 | €34,562 | +€7,510 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,053 | €34,562 | +€7,510 | +27.8% |
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 4 October 2026 via checked.be.