Sylvie Bracqué: what changed
Sylvie Bracqué
Largest movements
- Receivables within one year +€14,712
up €14,712 (+51.7%), from €28,469 to €43,180
- Tangible fixed assets -€7,235
down €7,235 (-29.2%), from €24,761 to €17,526
of which Other tangible fixed assets: -€5,546
- Cash -€5,264
down €5,264 (-31.5%), from €16,688 to €11,424
mainly Receivables within one year (-€14,712) and Trade debts (-€11,116)
- Trade debts -€11,116
down €11,116 (-95.5%), from €11,639 to €523
- Profit (loss) carried forward +€5,247
up €5,247 (+27.2%), from -€19,321 to -€14,074
- Other debts +€4,148
up €4,148 (+14.2%), from €29,158 to €33,305
- Tax, wage and social debts +€3,962
up €3,962 (+119%), from €3,337 to €7,299
- Gross operating margin +€22,370
up €22,370, from -€3,368 to €19,001
- Depreciation -€5,762
down €5,762 (-40.4%), from €14,267 to €8,505
- Taxes +€2,317
up €2,317 (+2,312%), from €100 to €2,417
- Financial charges +€952
up €952 (+360%), from €264 to €1,216
- Other operating charges +€276
up €276 (+19.9%), from €1,391 to €1,667
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,212 | €74,452 | +€2,240 | +3.1% |
| Fixed assets | 21/28 | €25,700 | €18,464 | -€7,235 | -28.2% |
| Tangible fixed assets | 22/27 | €24,761 | €17,526 | -€7,235 | -29.2% |
| Plant, machinery and equipment | 23 | €2,982 | €2,618 | -€363 | -12.2% |
| Furniture and vehicles | 24 | €2,160 | €835 | -€1,326 | -61.4% |
| Other tangible fixed assets | 26 | €19,619 | €14,072 | -€5,546 | -28.3% |
| Financial fixed assets | 28 | €939 | €939 | = | 0.0% |
| Current assets | 29/58 | €46,513 | €55,988 | +€9,475 | +20.4% |
| Amounts receivable within one year | 40/41 | €28,469 | €43,180 | +€14,712 | +51.7% |
| Trade receivables | 40 | €28,469 | €43,180 | +€14,712 | +51.7% |
| Cash at bank and in hand | 54/58 | €16,688 | €11,424 | -€5,264 | -31.5% |
| Deferred charges and accrued income | 490/1 | €1,356 | €1,384 | +€28 | +2.1% |
| Total equity and liabilities | 10/49 | €72,212 | €74,452 | +€2,240 | +3.1% |
| Equity | 10/15 | €28,079 | €33,326 | +€5,247 | +18.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,400 | €46,400 | = | 0.0% |
| Distributable reserves | 133 | €46,400 | €46,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,321 | -€14,074 | +€5,247 | +27.2% |
| Amounts payable | 17/49 | €44,134 | €41,127 | -€3,007 | -6.8% |
| Amounts payable within one year | 42/48 | €44,134 | €41,127 | -€3,007 | -6.8% |
| Trade debts | 44 | €11,639 | €523 | -€11,116 | -95.5% |
| Suppliers | 440/4 | €11,639 | €523 | -€11,116 | -95.5% |
| Taxes, remuneration and social security | 45 | €3,337 | €7,299 | +€3,962 | +119% |
| Taxes | 450/3 | €3,337 | €7,299 | +€3,962 | +119% |
| Other amounts payable | 47/48 | €29,158 | €33,305 | +€4,148 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,267 | €8,505 | -€5,762 | -40.4% |
| Other operating charges | 640/8 | €1,391 | €1,667 | +€276 | +19.9% |
| Gross operating margin | 9900 | -€3,368 | €19,001 | +€22,370 | |
| Operating profit (loss) | 9901 | -€19,026 | €8,829 | +€27,855 | |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €264 | €1,216 | +€952 | +360% |
| Recurring financial charges | 65 | €264 | €1,216 | +€952 | +360% |
| Profit (loss) for the period before taxes | 9903 | -€19,290 | €7,664 | +€26,954 | |
| Income taxes | 67/77 | €100 | €2,417 | +€2,317 | +2,312% |
| Profit (loss) for the period | 9904 | -€19,390 | €5,247 | +€24,637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,390 | €5,247 | +€24,637 |
Next steps
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 2 November 2026 via checked.be.