Ignace BRAL: 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.
Ignace BRAL
Largest movements
- Receivables within one year -€41,974
down €41,974 (-23.2%), from €180,830 to €138,856
of which Other amounts receivable: -€36,254
- Tangible fixed assets -€18,723
down €18,723 (-6.7%), from €277,437 to €258,714
of which Land and buildings: -€15,395
- Trade debts -€18,357
down €18,357 (-39.4%), from €46,602 to €28,245
- Debts after one year -€15,172
down €15,172 (-6.4%), from €236,050 to €220,878
- Profit (loss) carried forward -€11,823
down €11,823 (-14.8%), from €80,040 to €68,217
- Tax, wage and social debts -€8,825
down €8,825 (-81.5%), from €10,825 to €2,000
- Other debts -€7,089
down €7,089 (-32.9%), from €21,543 to €14,454
- Gross operating margin -€11,821
down €11,821 (-43.7%), from €27,047 to €15,226
- Taxes +€4,358
up €4,358, from -€4,200 to €158
- Financial income -€3,238
down €3,238 (-33.2%), from €9,764 to €6,526
- Other operating charges -€2,923
down €2,923 (-68.5%), from €4,268 to €1,345
- Financial charges +€1,785
up €1,785 (+17.3%), from €10,327 to €12,112
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 | €478,367 | €419,450 | -€58,917 | -12.3% |
| Fixed assets | 21/28 | €278,677 | €260,029 | -€18,648 | -6.7% |
| Tangible fixed assets | 22/27 | €277,437 | €258,714 | -€18,723 | -6.7% |
| Land and buildings | 22 | €269,177 | €253,782 | -€15,395 | -5.7% |
| Plant, machinery and equipment | 23 | €2,459 | €1,765 | -€694 | -28.2% |
| Furniture and vehicles | 24 | €5,801 | €3,167 | -€2,634 | -45.4% |
| Financial fixed assets | 28 | €1,240 | €1,315 | +€75 | +6.0% |
| Current assets | 29/58 | €199,690 | €159,421 | -€40,269 | -20.2% |
| Amounts receivable within one year | 40/41 | €180,830 | €138,856 | -€41,974 | -23.2% |
| Trade receivables | 40 | €16,065 | €10,345 | -€5,720 | -35.6% |
| Other amounts receivable | 41 | €164,765 | €128,511 | -€36,254 | -22.0% |
| Current investments | 50/53 | €18,144 | €18,144 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €716 | €2,421 | +€1,705 | +238% |
| Total equity and liabilities | 10/49 | €478,367 | €419,450 | -€58,917 | -12.3% |
| Equity | 10/15 | €100,390 | €88,567 | -€11,823 | -11.8% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,040 | €68,217 | -€11,823 | -14.8% |
| Amounts payable | 17/49 | €377,977 | €330,883 | -€47,094 | -12.5% |
| Amounts payable after more than one year | 17 | €236,050 | €220,878 | -€15,172 | -6.4% |
| Financial debts | 170/4 | €236,050 | €220,878 | -€15,172 | -6.4% |
| Amounts payable within one year | 42/48 | €137,877 | €106,905 | -€30,972 | -22.5% |
| Financial debts | 43 | €58,907 | €62,206 | +€3,299 | +5.6% |
| Credit institutions | 430/8 | €58,907 | €62,206 | +€3,299 | +5.6% |
| Trade debts | 44 | €46,602 | €28,245 | -€18,357 | -39.4% |
| Suppliers | 440/4 | €46,602 | €28,245 | -€18,357 | -39.4% |
| Taxes, remuneration and social security | 45 | €10,825 | €2,000 | -€8,825 | -81.5% |
| Taxes | 450/3 | €10,825 | €2,000 | -€8,825 | -81.5% |
| Other amounts payable | 47/48 | €21,543 | €14,454 | -€7,089 | -32.9% |
| Accrued charges and deferred income | 492/3 | €4,050 | €3,100 | -€950 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,887 | €19,960 | +€73 | +0.4% |
| Other operating charges | 640/8 | €4,268 | €1,345 | -€2,923 | -68.5% |
| Gross operating margin | 9900 | €27,047 | €15,226 | -€11,821 | -43.7% |
| Operating profit (loss) | 9901 | €2,892 | -€6,079 | -€8,971 | |
| Financial income | 75/76B | €9,764 | €6,526 | -€3,238 | -33.2% |
| Recurring financial income | 75 | €9,764 | €6,526 | -€3,238 | -33.2% |
| Financial charges | 65/66B | €10,327 | €12,112 | +€1,785 | +17.3% |
| Recurring financial charges | 65 | €10,327 | €12,112 | +€1,785 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €2,329 | -€11,665 | -€13,994 | |
| Income taxes | 67/77 | -€4,200 | €158 | +€4,358 | |
| Profit (loss) for the period | 9904 | €6,529 | -€11,823 | -€18,352 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,529 | -€11,823 | -€18,352 |
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 27 October 2026 via checked.be.