Van Braekel Eric: what changed
Two fiscal 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.
Van Braekel Eric
Largest movements
- Current investments -€74,550
down €74,550 (-76.1%), from €98,000 to €23,450
- Cash -€34,554
down €34,554 (-56.6%), from €61,015 to €26,461
mainly Contributions, distributions and other (-€175,000) and Receivables within one year (-€3,895)
- Tangible fixed assets -€12,580
down €12,580 (-30.2%), from €41,644 to €29,064
of which Furniture and vehicles: -€9,680
- Receivables within one year +€3,895
new in 2025: €3,895
- Reserves -€129,366
down €129,366 (-72.8%), from €177,608 to €48,242
- Tax, wage and social debts +€8,542
up €8,542 (+55.0%), from €15,533 to €24,075
- Gross operating margin -€10,452
down €10,452 (-11.6%), from €90,187 to €79,736
- Taxes +€7,665
up €7,665 (+48.2%), from €15,914 to €23,579
- Financial income +€1,835
up €1,835 (+144.5%), from €1,270 to €3,106
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.
Cash bridge derived
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 | €201,526 | €83,594 | -€117,932 | -58.5% |
| Fixed assets | 21/28 | €41,644 | €29,064 | -€12,580 | -30.2% |
| Tangible fixed assets | 22/27 | €41,644 | €29,064 | -€12,580 | -30.2% |
| Plant, machinery and equipment | 23 | €9,006 | €6,106 | -€2,900 | -32.2% |
| Furniture and vehicles | 24 | €32,638 | €22,958 | -€9,680 | -29.7% |
| Current assets | 29/58 | €159,883 | €54,531 | -€105,352 | -65.9% |
| Amounts receivable within one year | 40/41 | - | €3,895 | +€3,895 | |
| Other amounts receivable | 41 | - | €3,895 | +€3,895 | |
| Current investments | 50/53 | €98,000 | €23,450 | -€74,550 | -76.1% |
| Cash at bank and in hand | 54/58 | €61,015 | €26,461 | -€34,554 | -56.6% |
| Deferred charges and accrued income | 490/1 | €868 | €725 | -€142 | -16.4% |
| Total equity and liabilities | 10/49 | €201,526 | €83,594 | -€117,932 | -58.5% |
| Equity | 10/15 | €183,608 | €54,242 | -€129,366 | -70.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €177,608 | €48,242 | -€129,366 | -72.8% |
| Distributable reserves | 133 | €177,608 | €48,242 | -€129,366 | -72.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,918 | €29,352 | +€11,433 | +63.8% |
| Amounts payable within one year | 42/48 | €17,918 | €29,352 | +€11,433 | +63.8% |
| Trade debts | 44 | €409 | €1,651 | +€1,241 | +303.4% |
| Suppliers | 440/4 | €409 | €1,651 | +€1,241 | +303.4% |
| Taxes, remuneration and social security | 45 | €15,533 | €24,075 | +€8,542 | +55.0% |
| Taxes | 450/3 | €15,533 | €24,075 | +€8,542 | +55.0% |
| Other amounts payable | 47/48 | €1,976 | €3,626 | +€1,650 | +83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,580 | €12,580 | = | 0.0% |
| Other operating charges | 640/8 | €597 | €453 | -€144 | -24.1% |
| Gross operating margin | 9900 | €90,187 | €79,736 | -€10,452 | -11.6% |
| Operating profit (loss) | 9901 | €77,011 | €66,703 | -€10,308 | -13.4% |
| Financial income | 75/76B | €1,270 | €3,106 | +€1,835 | +144.5% |
| Recurring financial income | 75 | €1,270 | €3,106 | +€1,835 | +144.5% |
| Financial charges | 65/66B | €104 | €596 | +€492 | +475.4% |
| Recurring financial charges | 65 | €104 | €596 | +€492 | +475.4% |
| Profit (loss) for the period before taxes | 9903 | €78,178 | €69,213 | -€8,964 | -11.5% |
| Income taxes | 67/77 | €15,914 | €23,579 | +€7,665 | +48.2% |
| Profit (loss) for the period | 9904 | €62,263 | €45,634 | -€16,629 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,263 | €45,634 | -€16,629 | -26.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.