DIDIER BRACKE, ADVOCAAT: 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.
DIDIER BRACKE, ADVOCAAT
Largest movements
- Tangible fixed assets +€431,354
up €431,354 (+51.1%), from €844,631 to €1.3m
of which Land and buildings: +€449,982
- Receivables within one year +€220,462
up €220,462 (+32.2%), from €685,133 to €905,595
of which Trade receivables: +€238,309
- Cash +€103,060
up €103,060 (+1,761%), from €5,853 to €108,913
mainly Debts after one year (+€307,865) and Net result for the year (+€230,853)
- Deferred charges and accrued income +€46,770
up €46,770 (+1,271%), from €3,681 to €50,451
- Reserves +€1.2m
up €1.2m (+62,472%), from €1,875 to €1.2m
- Profit (loss) carried forward -€940,505
down €940,505 (-100%), from €940,505 to €0
- Debts after one year +€307,865
up €307,865 (+90.1%), from €341,619 to €649,484
- Accrued charges and deferred income +€150,075
up €150,075 (+7,809%), from €1,922 to €151,997
- Trade debts +€68,853
up €68,853 (+2,154%), from €3,196 to €72,049
- Gross operating margin -€13,121
down €13,121 (-2.9%), from €446,510 to €433,389
- Financial income +€10,096
up €10,096 (+129%), from €7,820 to €17,916
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 | €1,580,700 | €2,384,847 | +€804,147 | +50.9% |
| Fixed assets | 21/28 | €879,631 | €1,313,486 | +€433,854 | +49.3% |
| Tangible fixed assets | 22/27 | €844,631 | €1,275,986 | +€431,354 | +51.1% |
| Land and buildings | 22 | €770,122 | €1,220,103 | +€449,982 | +58.4% |
| Furniture and vehicles | 24 | €74,510 | €55,882 | -€18,627 | -25.0% |
| Financial fixed assets | 28 | €35,000 | €37,500 | +€2,500 | +7.1% |
| Current assets | 29/58 | €701,068 | €1,071,361 | +€370,293 | +52.8% |
| Amounts receivable within one year | 40/41 | €685,133 | €905,595 | +€220,462 | +32.2% |
| Trade receivables | 40 | €353,825 | €592,134 | +€238,309 | +67.4% |
| Other amounts receivable | 41 | €331,308 | €313,461 | -€17,847 | -5.4% |
| Current investments | 50/53 | €6,402 | €6,402 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,853 | €108,913 | +€103,060 | +1,761% |
| Deferred charges and accrued income | 490/1 | €3,681 | €50,451 | +€46,770 | +1,271% |
| Total equity and liabilities | 10/49 | €1,580,700 | €2,384,847 | +€804,147 | +50.9% |
| Equity | 10/15 | €961,130 | €1,191,983 | +€230,853 | +24.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,173,233 | +€1.2m | +62,472% |
| Distributable reserves | 133 | €1,875 | €1,173,233 | +€1.2m | +62,472% |
| Profit (loss) carried forward | 14 | €940,505 | €0 | -€940,505 | -100% |
| Amounts payable | 17/49 | €619,570 | €1,192,864 | +€573,294 | +92.5% |
| Amounts payable after more than one year | 17 | €341,619 | €649,484 | +€307,865 | +90.1% |
| Financial debts | 170/4 | €341,619 | €649,484 | +€307,865 | +90.1% |
| Amounts payable within one year | 42/48 | €276,029 | €391,383 | +€115,354 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €111,701 | €131,135 | +€19,434 | +17.4% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €3,196 | €72,049 | +€68,853 | +2,154% |
| Suppliers | 440/4 | €3,196 | €72,049 | +€68,853 | +2,154% |
| Taxes, remuneration and social security | 45 | €33,432 | €2,174 | -€31,258 | -93.5% |
| Taxes | 450/3 | €33,432 | €2,174 | -€31,258 | -93.5% |
| Other amounts payable | 47/48 | €2,700 | €61,025 | +€58,325 | +2,160% |
| Accrued charges and deferred income | 492/3 | €1,922 | €151,997 | +€150,075 | +7,809% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,247 | €123,308 | -€939 | -0.8% |
| Other operating charges | 640/8 | €7,254 | €6,094 | -€1,161 | -16.0% |
| Gross operating margin | 9900 | €446,510 | €433,389 | -€13,121 | -2.9% |
| Operating profit (loss) | 9901 | €315,009 | €303,987 | -€11,021 | -3.5% |
| Financial income | 75/76B | €7,820 | €17,916 | +€10,096 | +129% |
| Recurring financial income | 75 | €7,820 | €17,916 | +€10,096 | +129% |
| Financial charges | 65/66B | €20,581 | €16,719 | -€3,862 | -18.8% |
| Recurring financial charges | 65 | €20,581 | €16,719 | -€3,862 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €302,249 | €305,185 | +€2,936 | +1.0% |
| Income taxes | 67/77 | €74,095 | €74,332 | +€236 | +0.3% |
| Profit (loss) for the period | 9904 | €228,153 | €230,853 | +€2,700 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €228,153 | €230,853 | +€2,700 | +1.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.