BRADCONSULT: what changed
BRADCONSULT
Largest movements
- Current investments +€133,289
up €133,289 (+21.4%), from €622,299 to €755,588
- Cash -€74,443
down €74,443 (-55.0%), from €135,312 to €60,870
mainly Current investments (-€133,289) and Current portion of long-term debt (-€41,207)
- Receivables within one year -€54,026
down €54,026 (-45.3%), from €119,284 to €65,258
of which Other amounts receivable: -€60,763
- Tangible fixed assets -€45,240
down €45,240 (-3.6%), from €1.3m to €1.2m
of which Land and buildings: -€42,784
- Current portion of long-term debt -€41,207
down €41,207 (-56.3%), from €73,242 to €32,035
- Debts after one year -€32,035
down €32,035 (-13.6%), from €235,279 to €203,244
- Other debts +€22,882
up €22,882 (+29.5%), from €77,550 to €100,432
- Financial income +€30,832
up €30,832 (+559%), from €5,519 to €36,351
- Other operating charges +€26,128
up €26,128 (+160%), from €16,325 to €42,453
- Write-downs +€15,410
new in 2025: €15,410
- Turnover +€15,010
up €15,010 (+13.2%), from €113,680 to €128,690
- Depreciation -€7,340
down €7,340 (-10.2%), from €71,870 to €64,530
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 | €2,157,466 | €2,108,293 | -€49,173 | -2.3% |
| Fixed assets | 21/28 | €1,271,322 | €1,226,082 | -€45,240 | -3.6% |
| Tangible fixed assets | 22/27 | €1,271,322 | €1,226,082 | -€45,240 | -3.6% |
| Land and buildings | 22 | €1,261,179 | €1,218,395 | -€42,784 | -3.4% |
| Furniture and vehicles | 24 | €10,143 | €7,687 | -€2,456 | -24.2% |
| Current assets | 29/58 | €886,144 | €882,210 | -€3,934 | -0.4% |
| Amounts receivable within one year | 40/41 | €119,284 | €65,258 | -€54,026 | -45.3% |
| Trade receivables | 40 | - | €6,737 | +€6,737 | |
| Other amounts receivable | 41 | €119,284 | €58,521 | -€60,763 | -50.9% |
| Current investments | 50/53 | €622,299 | €755,588 | +€133,289 | +21.4% |
| Cash at bank and in hand | 54/58 | €135,312 | €60,870 | -€74,443 | -55.0% |
| Deferred charges and accrued income | 490/1 | €9,249 | €495 | -€8,754 | -94.6% |
| Total equity and liabilities | 10/49 | €2,157,466 | €2,108,293 | -€49,173 | -2.3% |
| Equity | 10/15 | €1,768,548 | €1,771,091 | +€2,543 | +0.1% |
| Contributions | 10/11 | €1,185,611 | €1,185,611 | = | 0.0% |
| Capital | 10 | €1,185,611 | €1,185,611 | = | 0.0% |
| Issued capital | 100 | €1,185,611 | €1,185,611 | = | 0.0% |
| Reserves | 13 | €37,706 | €37,706 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,706 | €37,706 | = | 0.0% |
| Legal reserve | 130 | €37,706 | €37,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | €545,231 | €547,774 | +€2,543 | +0.5% |
| Amounts payable | 17/49 | €388,918 | €337,202 | -€51,716 | -13.3% |
| Amounts payable after more than one year | 17 | €235,279 | €203,244 | -€32,035 | -13.6% |
| Financial debts | 170/4 | €235,279 | €203,244 | -€32,035 | -13.6% |
| Amounts payable within one year | 42/48 | €153,639 | €132,570 | -€21,068 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €73,242 | €32,035 | -€41,207 | -56.3% |
| Trade debts | 44 | €2,847 | €103 | -€2,743 | -96.4% |
| Suppliers | 440/4 | €2,847 | €103 | -€2,743 | -96.4% |
| Other amounts payable | 47/48 | €77,550 | €100,432 | +€22,882 | +29.5% |
| Accrued charges and deferred income | 492/3 | - | €1,387 | +€1,387 | |
| Turnover | 70 | €113,680 | €128,690 | +€15,010 | +13.2% |
| Non-recurring operating income | 76A | €24,036 | €0 | -€24,036 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,740 | €44,301 | +€5,560 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,870 | €64,530 | -€7,340 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,410 | +€15,410 | |
| Other operating charges | 640/8 | €16,325 | €42,453 | +€26,128 | +160% |
| Gross operating margin | 9900 | €98,976 | €95,430 | -€3,547 | -3.6% |
| Operating profit (loss) | 9901 | €10,782 | -€26,962 | -€37,744 | |
| Financial income | 75/76B | €5,519 | €36,351 | +€30,832 | +559% |
| Recurring financial income | 75 | €5,519 | €36,351 | +€30,832 | +559% |
| Financial charges | 65/66B | €9,800 | €8,708 | -€1,092 | -11.1% |
| Recurring financial charges | 65 | €9,800 | €8,708 | -€1,092 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €6,501 | €681 | -€5,820 | -89.5% |
| Income taxes | 67/77 | €1,656 | -€1,862 | -€3,518 | |
| Profit (loss) for the period | 9904 | €4,845 | €2,543 | -€2,302 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,845 | €2,543 | -€2,302 | -47.5% |
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 8 November 2026 via checked.be.