Wouter Brackx: 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.
Wouter Brackx
Largest movements
- Cash +€31,769
up €31,769 (+10.7%), from €296,752 to €328,521
mainly Other debts (+€204,295) and Net result for the year (+€94,786)
- Receivables after one year -€24,258
down €24,258 (-10.3%), from €235,000 to €210,742
- Tangible fixed assets -€12,442
down €12,442 (-34.3%), from €36,303 to €23,861
- Receivables within one year +€7,468
up €7,468 (+30.9%), from €24,200 to €31,668
of which Other amounts receivable: +€9,078
- Other debts +€204,295
up €204,295 (+238.4%), from €85,704 to €289,999
- Reserves -€195,213
down €195,213 (-41.9%), from €465,611 to €270,398
of which Distributable reserves: -€195,213
- Tax, wage and social debts -€6,507
down €6,507 (-24.2%), from €26,868 to €20,361
- Gross operating margin -€9,092
down €9,092 (-6.9%), from €132,237 to €123,145
- Financial income +€8,298
up €8,298 (+1063.8%), from €780 to €9,078
- Taxes -€2,489
down €2,489 (-6.3%), from €39,549 to €37,060
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 | €592,255 | €594,792 | +€2,537 | +0.4% |
| Fixed assets | 21/28 | €36,303 | €23,861 | -€12,442 | -34.3% |
| Tangible fixed assets | 22/27 | €36,303 | €23,861 | -€12,442 | -34.3% |
| Furniture and vehicles | 24 | €36,303 | €23,861 | -€12,442 | -34.3% |
| Current assets | 29/58 | €555,952 | €570,931 | +€14,979 | +2.7% |
| Amounts receivable after more than one year | 29 | €235,000 | €210,742 | -€24,258 | -10.3% |
| Other amounts receivable | 291 | €235,000 | €210,742 | -€24,258 | -10.3% |
| Amounts receivable within one year | 40/41 | €24,200 | €31,668 | +€7,468 | +30.9% |
| Trade receivables | 40 | €24,200 | €22,590 | -€1,610 | -6.7% |
| Other amounts receivable | 41 | - | €9,078 | +€9,078 | |
| Cash at bank and in hand | 54/58 | €296,752 | €328,521 | +€31,769 | +10.7% |
| Total equity and liabilities | 10/49 | €592,255 | €594,792 | +€2,537 | +0.4% |
| Equity | 10/15 | €478,011 | €282,798 | -€195,213 | -40.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €465,611 | €270,398 | -€195,213 | -41.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €463,751 | €268,538 | -€195,213 | -42.1% |
| Amounts payable | 17/49 | €114,244 | €311,994 | +€197,750 | +173.1% |
| Amounts payable within one year | 42/48 | €114,244 | €311,994 | +€197,750 | +173.1% |
| Trade debts | 44 | €1,672 | €1,634 | -€38 | -2.3% |
| Suppliers | 440/4 | €1,672 | €1,634 | -€38 | -2.3% |
| Taxes, remuneration and social security | 45 | €26,868 | €20,361 | -€6,507 | -24.2% |
| Taxes | 450/3 | €26,868 | €20,361 | -€6,507 | -24.2% |
| Other amounts payable | 47/48 | €85,704 | €289,999 | +€204,295 | +238.4% |
| Gross operating margin | 9900 | €132,237 | €123,145 | -€9,092 | -6.9% |
| Operating profit (loss) | 9901 | €132,237 | €123,145 | -€9,092 | -6.9% |
| Financial income | 75/76B | €780 | €9,078 | +€8,298 | +1063.8% |
| Recurring financial income | 75 | €780 | €9,078 | +€8,298 | +1063.8% |
| Financial charges | 65/66B | €376 | €377 | +€1 | +0.3% |
| Recurring financial charges | 65 | €376 | €377 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €132,641 | €131,846 | -€795 | -0.6% |
| Income taxes | 67/77 | €39,549 | €37,060 | -€2,489 | -6.3% |
| Profit (loss) for the period | 9904 | €93,092 | €94,786 | +€1,694 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,092 | €94,786 | +€1,694 | +1.8% |
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 12 October 2026 via checked.be.