DE BRATZER: 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.
DE BRATZER
Largest movements
- Tangible fixed assets -€7,960
down €7,960 (-15.8%), from €50,490 to €42,530
- Cash +€3,316
up €3,316 (+94.0%), from €3,527 to €6,843
mainly Depreciation (+€7,960) and Trade debts (+€5,409)
- Deferred charges and accrued income +€1,340
new in 2025: €1,340
- Debts after one year -€10,485
down €10,485 (-6.7%), from €155,485 to €145,000
- Trade debts +€5,409
up €5,409 (+1690.3%), from €320 to €5,729
- Other debts +€706
up €706 (+10.8%), from €6,534 to €7,240
- Profit (loss) carried forward +€575
up €575 (+0.4%), from -€137,845 to -€137,270
- Gross operating margin -€1,896
down €1,896 (-14.3%), from €13,245 to €11,349
- Financial charges -€437
down €437 (-31.5%), from €1,388 to €951
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 | €54,017 | €50,713 | -€3,304 | -6.1% |
| Fixed assets | 21/28 | €50,490 | €42,530 | -€7,960 | -15.8% |
| Tangible fixed assets | 22/27 | €50,490 | €42,530 | -€7,960 | -15.8% |
| Land and buildings | 22 | €50,490 | €42,530 | -€7,960 | -15.8% |
| Current assets | 29/58 | €3,527 | €8,183 | +€4,656 | +132.0% |
| Cash at bank and in hand | 54/58 | €3,527 | €6,843 | +€3,316 | +94.0% |
| Deferred charges and accrued income | 490/1 | - | €1,340 | +€1,340 | |
| Total equity and liabilities | 10/49 | €54,017 | €50,713 | -€3,304 | -6.1% |
| Equity | 10/15 | -€119,245 | -€118,670 | +€575 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,845 | -€137,270 | +€575 | +0.4% |
| Amounts payable | 17/49 | €173,262 | €169,384 | -€3,879 | -2.2% |
| Amounts payable after more than one year | 17 | €155,485 | €145,000 | -€10,485 | -6.7% |
| Financial debts | 170/4 | €155,485 | €145,000 | -€10,485 | -6.7% |
| Amounts payable within one year | 42/48 | €17,778 | €24,384 | +€6,606 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €10,924 | €11,415 | +€492 | +4.5% |
| Trade debts | 44 | €320 | €5,729 | +€5,409 | +1690.3% |
| Suppliers | 440/4 | €320 | €5,729 | +€5,409 | +1690.3% |
| Other amounts payable | 47/48 | €6,534 | €7,240 | +€706 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,960 | €7,960 | = | 0.0% |
| Other operating charges | 640/8 | €1,808 | €1,864 | +€55 | +3.1% |
| Gross operating margin | 9900 | €13,245 | €11,349 | -€1,896 | -14.3% |
| Operating profit (loss) | 9901 | €3,477 | €1,526 | -€1,951 | -56.1% |
| Financial charges | 65/66B | €1,388 | €951 | -€437 | -31.5% |
| Recurring financial charges | 65 | €1,388 | €951 | -€437 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €2,089 | €575 | -€1,514 | -72.5% |
| Profit (loss) for the period | 9904 | €2,089 | €575 | -€1,514 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,089 | €575 | -€1,514 | -72.5% |
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 6 October 2026 via checked.be.