LA BRACE: 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.
LA BRACE
Largest movements
- Deferred charges and accrued income +€88,106
up €88,106 (+67.0%), from €131,451 to €219,557
- Cash -€69,466
down €69,466 (-71.0%), from €97,805 to €28,339
mainly Deferred charges and accrued income (-€88,106) and Current portion of long-term debt (-€41,842)
- Receivables within one year +€36,881
up €36,881 (+52.2%), from €70,704 to €107,585
of which Other amounts receivable: +€55,572
- Tangible fixed assets -€9,982
down €9,982 (-16.9%), from €59,240 to €49,258
of which Furniture and vehicles: -€13,088
- Trade debts +€102,524
up €102,524 (+84.0%), from €122,015 to €224,539
- Current portion of long-term debt -€41,842
down €41,842 (-96.5%), from €43,382 to €1,540
- Tax, wage and social debts -€27,375
down €27,375 (-52.2%), from €52,482 to €25,107
of which Remuneration and social security: -€16,493
- Profit (loss) carried forward +€8,546
up €8,546 (+6.8%), from -€125,962 to -€117,416
- Financial income -€71,604
down €71,604 (-87.9%), from €81,433 to €9,829
of which Financial income: -€49,807
- Other operating charges -€54,526
down €54,526 (-43.1%), from €126,513 to €71,987
- Gross operating margin +€40,158
up €40,158 (+8.3%), from €483,997 to €524,155
- Depreciation -€31,799
down €31,799 (-58.1%), from €54,745 to €22,946
- Taxes -€24,142
no longer reported in 2024 (was €24,142)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €385,347 | €426,877 | +€41,530 | +10.8% |
| Fixed assets | 21/28 | €61,870 | €51,888 | -€9,982 | -16.1% |
| Tangible fixed assets | 22/27 | €59,240 | €49,258 | -€9,982 | -16.9% |
| Plant, machinery and equipment | 23 | €32,582 | €35,688 | +€3,106 | +9.5% |
| Furniture and vehicles | 24 | €26,658 | €13,570 | -€13,088 | -49.1% |
| Financial fixed assets | 28 | €2,630 | €2,630 | = | 0.0% |
| Current assets | 29/58 | €323,477 | €374,989 | +€51,512 | +15.9% |
| Stocks and contracts in progress | 3 | €23,517 | €19,508 | -€4,009 | -17.0% |
| Stocks | 30/36 | €23,517 | €19,508 | -€4,009 | -17.0% |
| Amounts receivable within one year | 40/41 | €70,704 | €107,585 | +€36,881 | +52.2% |
| Trade receivables | 40 | €18,691 | - | -€18,691 | |
| Other amounts receivable | 41 | €52,013 | €107,585 | +€55,572 | +107% |
| Cash at bank and in hand | 54/58 | €97,805 | €28,339 | -€69,466 | -71.0% |
| Deferred charges and accrued income | 490/1 | €131,451 | €219,557 | +€88,106 | +67.0% |
| Total equity and liabilities | 10/49 | €385,347 | €426,877 | +€41,530 | +10.8% |
| Equity | 10/15 | -€75,331 | -€66,785 | +€8,546 | +11.3% |
| Contributions | 10/11 | €20,625 | €20,625 | = | 0.0% |
| Reserves | 13 | €30,006 | €30,006 | = | 0.0% |
| Distributable reserves | 133 | €30,006 | €30,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,962 | -€117,416 | +€8,546 | +6.8% |
| Amounts payable | 17/49 | €460,678 | €493,662 | +€32,984 | +7.2% |
| Amounts payable after more than one year | 17 | €1,540 | - | -€1,540 | |
| Financial debts | 170/4 | €1,540 | - | -€1,540 | |
| Amounts payable within one year | 42/48 | €459,138 | €493,662 | +€34,524 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €43,382 | €1,540 | -€41,842 | -96.5% |
| Trade debts | 44 | €122,015 | €224,539 | +€102,524 | +84.0% |
| Suppliers | 440/4 | €122,015 | €224,539 | +€102,524 | +84.0% |
| Taxes, remuneration and social security | 45 | €52,482 | €25,107 | -€27,375 | -52.2% |
| Taxes | 450/3 | €10,882 | - | -€10,882 | |
| Remuneration and social security | 454/9 | €41,600 | €25,107 | -€16,493 | -39.6% |
| Other amounts payable | 47/48 | €241,259 | €242,476 | +€1,217 | +0.5% |
| Remuneration, social security and pensions | 62 | €400,893 | €415,267 | +€14,374 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,745 | €22,946 | -€31,799 | -58.1% |
| Other operating charges | 640/8 | €126,513 | €71,987 | -€54,526 | -43.1% |
| Gross operating margin | 9900 | €483,997 | €524,155 | +€40,158 | +8.3% |
| Operating profit (loss) | 9901 | -€98,154 | €13,955 | +€112,109 | |
| Financial income | 75/76B | €81,433 | €9,829 | -€71,604 | -87.9% |
| Recurring financial income | 75 | €59,636 | €9,829 | -€49,807 | -83.5% |
| Non-recurring financial income | 76B | €21,797 | - | -€21,797 | |
| Financial charges | 65/66B | €14,524 | €15,238 | +€714 | +4.9% |
| Recurring financial charges | 65 | €14,524 | €14,940 | +€416 | +2.9% |
| Non-recurring financial charges | 66B | - | €298 | +€298 | |
| Profit (loss) for the period before taxes | 9903 | -€31,245 | €8,546 | +€39,791 | |
| Income taxes | 67/77 | €24,142 | - | -€24,142 | |
| Profit (loss) for the period | 9904 | -€55,387 | €8,546 | +€63,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,387 | €8,546 | +€63,933 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.