JHON BRAECKMANS: 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.
JHON BRAECKMANS
Largest movements
- Tangible fixed assets +€369,380
up €369,380 (+330%), from €112,045 to €481,425
of which Land and buildings: +€386,061
- Cash -€47,150
down €47,150 (-31.2%), from €150,916 to €103,766
mainly Investment in fixed assets (net) (-€437,185) and Receivables within one year (-€41,855)
- Receivables within one year +€41,855
up €41,855 (+23.7%), from €176,744 to €218,599
of which Trade receivables: +€31,280
- Deferred charges and accrued income -€18,317
down €18,317 (-83.7%), from €21,878 to €3,561
- Debts after one year +€254,572
up €254,572 (+990%), from €25,717 to €280,289
- Reserves +€40,000
up €40,000 (+21.7%), from €184,204 to €224,204
of which Distributable reserves: +€40,000
- Other debts +€38,556
up €38,556 (+59.4%), from €64,898 to €103,454
- Trade debts +€29,309
up €29,309 (+70.4%), from €41,610 to €70,919
- Tax, wage and social debts -€16,732
down €16,732 (-33.2%), from €50,458 to €33,726
of which Taxes: -€9,232
- Other operating charges +€42,865
up €42,865 (+1,038%), from €4,130 to €46,996
- Gross operating margin +€38,033
up €38,033 (+24.4%), from €156,053 to €194,086
- Financial charges +€17,578
up €17,578 (+524%), from €3,356 to €20,935
- Taxes -€16,425
down €16,425 (-50.4%), from €32,576 to €16,152
- Depreciation +€15,252
up €15,252 (+29.0%), from €52,553 to €67,805
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 | €462,823 | €808,591 | +€345,768 | +74.7% |
| Fixed assets | 21/28 | €113,285 | €482,665 | +€369,380 | +326% |
| Tangible fixed assets | 22/27 | €112,045 | €481,425 | +€369,380 | +330% |
| Land and buildings | 22 | - | €386,061 | +€386,061 | |
| Plant, machinery and equipment | 23 | €37,793 | €34,749 | -€3,044 | -8.1% |
| Furniture and vehicles | 24 | €41,566 | €39,811 | -€1,754 | -4.2% |
| Leasing and similar rights | 25 | €32,687 | €20,804 | -€11,882 | -36.4% |
| Financial fixed assets | 28 | €1,240 | €1,240 | = | 0.0% |
| Current assets | 29/58 | €349,538 | €325,926 | -€23,612 | -6.8% |
| Amounts receivable within one year | 40/41 | €176,744 | €218,599 | +€41,855 | +23.7% |
| Trade receivables | 40 | €176,744 | €208,024 | +€31,280 | +17.7% |
| Other amounts receivable | 41 | - | €10,574 | +€10,574 | |
| Cash at bank and in hand | 54/58 | €150,916 | €103,766 | -€47,150 | -31.2% |
| Deferred charges and accrued income | 490/1 | €21,878 | €3,561 | -€18,317 | -83.7% |
| Total equity and liabilities | 10/49 | €462,823 | €808,591 | +€345,768 | +74.7% |
| Equity | 10/15 | €245,503 | €286,864 | +€41,361 | +16.8% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Capital | 10 | €12,200 | €12,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €184,204 | €224,204 | +€40,000 | +21.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,925 | €2,925 | = | 0.0% |
| Distributable reserves | 133 | €179,419 | €219,419 | +€40,000 | +22.3% |
| Profit (loss) carried forward | 14 | €49,099 | €50,460 | +€1,361 | +2.8% |
| Amounts payable | 17/49 | €217,320 | €521,726 | +€304,406 | +140% |
| Amounts payable after more than one year | 17 | €25,717 | €280,289 | +€254,572 | +990% |
| Financial debts | 170/4 | €25,717 | €280,289 | +€254,572 | +990% |
| Amounts payable within one year | 42/48 | €188,342 | €241,438 | +€53,096 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €31,376 | €33,339 | +€1,963 | +6.3% |
| Trade debts | 44 | €41,610 | €70,919 | +€29,309 | +70.4% |
| Suppliers | 440/4 | €41,610 | €70,919 | +€29,309 | +70.4% |
| Taxes, remuneration and social security | 45 | €50,458 | €33,726 | -€16,732 | -33.2% |
| Taxes | 450/3 | €42,958 | €33,726 | -€9,232 | -21.5% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €64,898 | €103,454 | +€38,556 | +59.4% |
| Accrued charges and deferred income | 492/3 | €3,262 | - | -€3,262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,553 | €67,805 | +€15,252 | +29.0% |
| Other operating charges | 640/8 | €4,130 | €46,996 | +€42,865 | +1,038% |
| Gross operating margin | 9900 | €156,053 | €194,086 | +€38,033 | +24.4% |
| Operating profit (loss) | 9901 | €99,370 | €79,285 | -€20,084 | -20.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,356 | €20,935 | +€17,578 | +524% |
| Recurring financial charges | 65 | €3,356 | €20,935 | +€17,578 | +524% |
| Profit (loss) for the period before taxes | 9903 | €96,013 | €58,351 | -€37,663 | -39.2% |
| Income taxes | 67/77 | €32,576 | €16,152 | -€16,425 | -50.4% |
| Profit (loss) for the period | 9904 | €63,437 | €42,199 | -€21,238 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,437 | €42,199 | -€21,238 | -33.5% |
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 24 October 2026 via checked.be.