VAN BRAEKEL KOEN: 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.
VAN BRAEKEL KOEN
Largest movements
- Cash -€78,187
down €78,187 (-17.3%), from €452,119 to €373,932
mainly Investment in fixed assets (net) (-€97,452) and Contributions, distributions and other (-€66,694)
- Tangible fixed assets +€72,937
up €72,937 (+187%), from €38,993 to €111,931
of which Furniture and vehicles: +€81,495
- Receivables within one year +€34,103
up €34,103 (+96.4%), from €35,378 to €69,480
of which Trade receivables: +€38,737
- Other debts +€31,643
up €31,643 (+18.9%), from €167,305 to €198,949
- Reserves -€10,213
down €10,213 (-3.0%), from €345,174 to €334,961
of which Distributable reserves: -€10,213
- Trade debts +€10,000
new in 2025: €10,000
- Depreciation +€6,891
up €6,891 (+39.1%), from €17,624 to €24,515
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 | €560,180 | €592,368 | +€32,188 | +5.7% |
| Fixed assets | 21/28 | €38,993 | €111,931 | +€72,937 | +187% |
| Tangible fixed assets | 22/27 | €38,993 | €111,931 | +€72,937 | +187% |
| Land and buildings | 22 | €12,744 | €7,112 | -€5,632 | -44.2% |
| Plant, machinery and equipment | 23 | €24,581 | €21,655 | -€2,926 | -11.9% |
| Furniture and vehicles | 24 | €1,669 | €83,163 | +€81,495 | +4,884% |
| Current assets | 29/58 | €521,186 | €480,437 | -€40,749 | -7.8% |
| Stocks and contracts in progress | 3 | €33,690 | €37,025 | +€3,335 | +9.9% |
| Stocks | 30/36 | €21,190 | €25,525 | +€4,335 | +20.5% |
| Contracts in progress | 37 | €12,500 | €11,500 | -€1,000 | -8.0% |
| Amounts receivable within one year | 40/41 | €35,378 | €69,480 | +€34,103 | +96.4% |
| Trade receivables | 40 | €23,313 | €62,050 | +€38,737 | +166% |
| Other amounts receivable | 41 | €12,065 | €7,431 | -€4,634 | -38.4% |
| Cash at bank and in hand | 54/58 | €452,119 | €373,932 | -€78,187 | -17.3% |
| Total equity and liabilities | 10/49 | €560,180 | €592,368 | +€32,188 | +5.7% |
| Equity | 10/15 | €363,774 | €353,561 | -€10,213 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €345,174 | €334,961 | -€10,213 | -3.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €343,314 | €333,101 | -€10,213 | -3.0% |
| Amounts payable | 17/49 | €196,406 | €238,806 | +€42,400 | +21.6% |
| Amounts payable within one year | 42/48 | €196,406 | €238,806 | +€42,400 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €5,333 | €5,333 | +€0 | 0.0% |
| Trade debts | 44 | - | €10,000 | +€10,000 | |
| Suppliers | 440/4 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €23,767 | €24,524 | +€757 | +3.2% |
| Taxes | 450/3 | €18,841 | €19,015 | +€174 | +0.9% |
| Remuneration and social security | 454/9 | €4,926 | €5,509 | +€583 | +11.8% |
| Other amounts payable | 47/48 | €167,305 | €198,949 | +€31,643 | +18.9% |
| Non-recurring operating income | 76A | - | €19,008 | +€19,008 | |
| Remuneration, social security and pensions | 62 | €51,590 | €52,815 | +€1,226 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,624 | €24,515 | +€6,891 | +39.1% |
| Other operating charges | 640/8 | €2,525 | €2,322 | -€203 | -8.0% |
| Gross operating margin | 9900 | €165,502 | €167,078 | +€1,576 | +1.0% |
| Operating profit (loss) | 9901 | €93,764 | €87,427 | -€6,337 | -6.8% |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €9,884 | €9,073 | -€811 | -8.2% |
| Recurring financial charges | 65 | €9,884 | €9,073 | -€811 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €83,880 | €78,434 | -€5,446 | -6.5% |
| Income taxes | 67/77 | €22,793 | €21,952 | -€840 | -3.7% |
| Profit (loss) for the period | 9904 | €61,088 | €56,482 | -€4,606 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,088 | €56,482 | -€4,606 | -7.5% |
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 19 October 2026 via checked.be.