ALAIN BRONCKAERS: what changed
ALAIN BRONCKAERS
Largest movements
- Cash -€181,939
down €181,939 (-71.9%), from €253,121 to €71,182
mainly Investment in fixed assets (net) (-€245,563) and Deferred charges and accrued income (-€51,542)
- Tangible fixed assets +€143,067
up €143,067 (+12.9%), from €1.1m to €1.3m
of which Land and buildings: +€143,691
- Deferred charges and accrued income +€51,542
up €51,542 (+26.8%), from €192,561 to €244,103
- Receivables within one year -€47,144
down €47,144 (-4.1%), from €1.1m to €1.1m
of which Other amounts receivable: -€47,045
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€53,003
up €53,003 (+107%), from €49,493 to €102,496
- Financial income -€20,030
down €20,030 (-21.3%), from €93,832 to €73,802
- Gross operating margin -€11,846
down €11,846 (-30.3%), from €39,153 to €27,307
- Financial charges +€3,331
up €3,331 (+5,940%), from €56 to €3,387
- Other operating charges +€443
up €443 (+14.0%), from €3,152 to €3,595
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 | €2,694,871 | €2,660,397 | -€34,474 | -1.3% |
| Fixed assets | 21/28 | €1,109,131 | €1,252,198 | +€143,067 | +12.9% |
| Tangible fixed assets | 22/27 | €1,109,131 | €1,252,198 | +€143,067 | +12.9% |
| Land and buildings | 22 | €1,107,758 | €1,251,450 | +€143,691 | +13.0% |
| Furniture and vehicles | 24 | €1,373 | €748 | -€624 | -45.5% |
| Current assets | 29/58 | €1,585,740 | €1,408,199 | -€177,541 | -11.2% |
| Amounts receivable within one year | 40/41 | €1,140,058 | €1,092,914 | -€47,144 | -4.1% |
| Trade receivables | 40 | €2,489 | €2,390 | -€99 | -4.0% |
| Other amounts receivable | 41 | €1,137,569 | €1,090,524 | -€47,045 | -4.1% |
| Cash at bank and in hand | 54/58 | €253,121 | €71,182 | -€181,939 | -71.9% |
| Deferred charges and accrued income | 490/1 | €192,561 | €244,103 | +€51,542 | +26.8% |
| Total equity and liabilities | 10/49 | €2,694,871 | €2,660,397 | -€34,474 | -1.3% |
| Equity | 10/15 | €2,637,043 | €2,632,034 | -€5,008 | -0.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €86,678 | €76,597 | -€10,082 | -11.6% |
| Tax-exempt reserves | 132 | €83,678 | €73,597 | -€10,082 | -12.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,520,364 | €2,525,438 | +€5,073 | +0.2% |
| Provisions and deferred taxes | 16 | €27,893 | €24,532 | -€3,361 | -12.0% |
| Deferred taxes | 168 | €27,893 | €24,532 | -€3,361 | -12.0% |
| Amounts payable | 17/49 | €29,935 | €3,831 | -€26,105 | -87.2% |
| Amounts payable within one year | 42/48 | €29,935 | €3,831 | -€26,105 | -87.2% |
| Trade debts | 44 | €29,935 | €3,379 | -€26,556 | -88.7% |
| Suppliers | 440/4 | €29,935 | €3,379 | -€26,556 | -88.7% |
| Taxes, remuneration and social security | 45 | - | €451 | +€451 | |
| Taxes | 450/3 | - | €451 | +€451 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,493 | €102,496 | +€53,003 | +107% |
| Other operating charges | 640/8 | €3,152 | €3,595 | +€443 | +14.0% |
| Non-recurring operating charges | 66A | €53,949 | - | -€53,949 | |
| Gross operating margin | 9900 | €39,153 | €27,307 | -€11,846 | -30.3% |
| Operating profit (loss) | 9901 | -€67,442 | -€78,784 | -€11,342 | -16.8% |
| Financial income | 75/76B | €93,832 | €73,802 | -€20,030 | -21.3% |
| Recurring financial income | 75 | €93,832 | €73,802 | -€20,030 | -21.3% |
| Financial charges | 65/66B | €56 | €3,387 | +€3,331 | +5,940% |
| Recurring financial charges | 65 | €56 | €3,387 | +€3,331 | +5,940% |
| Profit (loss) for the period before taxes | 9903 | €26,335 | -€8,369 | -€34,703 | |
| Transfer from deferred taxes | 780 | €1,551 | €3,361 | +€1,810 | +117% |
| Profit (loss) for the period | 9904 | €27,885 | -€5,008 | -€32,894 | |
| Transfer from tax-exempt reserves | 789 | €4,653 | €10,082 | +€5,429 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €32,538 | €5,073 | -€27,465 | -84.4% |
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 3 November 2026 via checked.be.