HILDE BRAEKEN: what changed
What changed
HILDE BRAEKEN
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€28,401
2024 · €25,771+€2,630
Equity
€142,190
2024 · €113,788+€28,401
Cash
€75,091
2024 · €187,341-€112,250
Balance sheet total
€180,493
2024 · €233,068-€52,576
Largest movements
Assets
- Cash -€112,250
down €112,250 (-59.9%), from €187,341 to €75,091
mainly Other debts (-€72,750) and Current investments (-€70,000)
- Current investments +€70,000
new in 2025: €70,000
- Tangible fixed assets -€8,527
down €8,527 (-29.0%), from €29,392 to €20,864
of which Furniture and vehicles: -€8,341
Equity and liabilities
- Other debts -€72,750
down €72,750 (-88.7%), from €82,057 to €9,307
- Profit (loss) carried forward +€28,401
up €28,401 (+30.4%), from €93,328 to €121,730
- Debts after one year -€7,683
down €7,683 (-38.9%), from €19,771 to €12,088
Income statement
- Gross operating margin +€6,535
up €6,535 (+16.0%), from €40,919 to €47,454
- Taxes +€2,760
up €2,760 (+38.3%), from €7,211 to €9,971
- Financial income -€2,397
down €2,397 (-69.3%), from €3,458 to €1,061
- Other operating charges -€619
down €619 (-56.3%), from €1,099 to €480
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€25,771
Gross operating margin
+€6,535
Depreciation
+€318
Other operating charges
+€619
Financial income
-€2,397
Financial charges
+€315
Taxes
-€2,760
Result 2025
€28,401
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€34,854
Investment
-€70,000
Financing
-€7,395
Cash 2024
€187,341
From operations (derived)
-€34,854
Net result for the year
+€28,401
Depreciation
+€8,527
Smaller working-capital items
-€35
Deferred charges and accrued income
+€1,820
Trade debts
-€2,255
Tax, wage and social debts
+€1,437
Other debts
-€72,750
Investment (derived)
-€70,000
Current investments
-€70,000
Financing
-€7,395
Debts after one year
-€7,683
Current portion of long-term debt
+€288
Cash 2025
€75,091
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,068 | €180,493 | -€52,576 | -22.6% |
| Fixed assets | 21/28 | €29,392 | €20,864 | -€8,527 | -29.0% |
| Tangible fixed assets | 22/27 | €29,392 | €20,864 | -€8,527 | -29.0% |
| Plant, machinery and equipment | 23 | €186 | - | -€186 | |
| Furniture and vehicles | 24 | €29,206 | €20,864 | -€8,341 | -28.6% |
| Current assets | 29/58 | €203,677 | €159,628 | -€44,049 | -21.6% |
| Amounts receivable within one year | 40/41 | €14,516 | €14,537 | +€21 | +0.1% |
| Trade receivables | 40 | €10,553 | €10,416 | -€136 | -1.3% |
| Other amounts receivable | 41 | €3,963 | €4,121 | +€158 | +4.0% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €187,341 | €75,091 | -€112,250 | -59.9% |
| Deferred charges and accrued income | 490/1 | €1,820 | - | -€1,820 | |
| Total equity and liabilities | 10/49 | €233,068 | €180,493 | -€52,576 | -22.6% |
| Equity | 10/15 | €113,788 | €142,190 | +€28,401 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,328 | €121,730 | +€28,401 | +30.4% |
| Amounts payable | 17/49 | €119,280 | €38,303 | -€80,977 | -67.9% |
| Amounts payable after more than one year | 17 | €19,771 | €12,088 | -€7,683 | -38.9% |
| Financial debts | 170/4 | €19,771 | €12,088 | -€7,683 | -38.9% |
| Amounts payable within one year | 42/48 | €99,150 | €25,870 | -€73,280 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €7,395 | €7,683 | +€288 | +3.9% |
| Trade debts | 44 | €2,255 | - | -€2,255 | |
| Suppliers | 440/4 | €2,255 | - | -€2,255 | |
| Taxes, remuneration and social security | 45 | €7,443 | €8,880 | +€1,437 | +19.3% |
| Taxes | 450/3 | €7,443 | €8,880 | +€1,437 | +19.3% |
| Other amounts payable | 47/48 | €82,057 | €9,307 | -€72,750 | -88.7% |
| Accrued charges and deferred income | 492/3 | €359 | €345 | -€14 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,845 | €8,527 | -€318 | -3.6% |
| Other operating charges | 640/8 | €1,099 | €480 | -€619 | -56.3% |
| Gross operating margin | 9900 | €40,919 | €47,454 | +€6,535 | +16.0% |
| Operating profit (loss) | 9901 | €30,974 | €38,446 | +€7,472 | +24.1% |
| Financial income | 75/76B | €3,458 | €1,061 | -€2,397 | -69.3% |
| Recurring financial income | 75 | €3,458 | €1,061 | -€2,397 | -69.3% |
| Financial charges | 65/66B | €1,450 | €1,135 | -€315 | -21.7% |
| Recurring financial charges | 65 | €1,450 | €1,135 | -€315 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €32,982 | €38,373 | +€5,390 | +16.3% |
| Income taxes | 67/77 | €7,211 | €9,971 | +€2,760 | +38.3% |
| Profit (loss) for the period | 9904 | €25,771 | €28,401 | +€2,630 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,771 | €28,401 | +€2,630 | +10.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.