Alexandre BRODURE: 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.
Alexandre BRODURE
Largest movements
- Tangible fixed assets -€30,996
down €30,996 (-76.1%), from €40,738 to €9,742
of which Furniture and vehicles: -€30,008
- Cash +€12,576
up €12,576 (+7350.4%), from €171 to €12,747
mainly Investment in fixed assets (net) (+€27,334) and Depreciation (+€3,662)
- Deferred charges and accrued income +€1,278
up €1,278 (+180.0%), from €710 to €1,987
- Debts after one year -€14,862
down €14,862 (-41.4%), from €35,856 to €20,994
of which Financial debts: -€8,887
- Profit (loss) carried forward -€3,654
down €3,654 (-72.6%), from -€5,032 to -€8,686
- Tax, wage and social debts +€751
up €751 (+320.2%), from €235 to €986
- Trade debts +€505
new in 2025: €505
- Current portion of long-term debt +€436
up €436 (+5.2%), from €8,451 to €8,887
- Gross operating margin -€11,144
down €11,144 (-73.2%), from €15,230 to €4,086
- Depreciation -€7,002
down €7,002 (-65.7%), from €10,664 to €3,662
- Other operating charges -€3,025
down €3,025 (-55.1%), from €5,485 to €2,460
- Financial charges -€1,329
down €1,329 (-47.6%), from €2,795 to €1,465
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 | €42,510 | €25,686 | -€16,824 | -39.6% |
| Fixed assets | 21/28 | €40,738 | €9,742 | -€30,996 | -76.1% |
| Tangible fixed assets | 22/27 | €40,738 | €9,742 | -€30,996 | -76.1% |
| Plant, machinery and equipment | 23 | €4,065 | €3,078 | -€988 | -24.3% |
| Furniture and vehicles | 24 | €36,672 | €6,664 | -€30,008 | -81.8% |
| Current assets | 29/58 | €1,772 | €15,944 | +€14,172 | +799.7% |
| Amounts receivable within one year | 40/41 | €891 | €1,210 | +€319 | +35.8% |
| Trade receivables | 40 | €891 | €1,210 | +€319 | +35.8% |
| Cash at bank and in hand | 54/58 | €171 | €12,747 | +€12,576 | +7350.4% |
| Deferred charges and accrued income | 490/1 | €710 | €1,987 | +€1,278 | +180.0% |
| Total equity and liabilities | 10/49 | €42,510 | €25,686 | -€16,824 | -39.6% |
| Equity | 10/15 | -€2,032 | -€5,686 | -€3,654 | -179.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,032 | -€8,686 | -€3,654 | -72.6% |
| Amounts payable | 17/49 | €44,542 | €31,372 | -€13,170 | -29.6% |
| Amounts payable after more than one year | 17 | €35,856 | €20,994 | -€14,862 | -41.4% |
| Financial debts | 170/4 | €20,644 | €11,756 | -€8,887 | -43.1% |
| Other amounts payable | 178/9 | €15,213 | €9,238 | -€5,975 | -39.3% |
| Amounts payable within one year | 42/48 | €8,686 | €10,378 | +€1,692 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €8,451 | €8,887 | +€436 | +5.2% |
| Trade debts | 44 | - | €505 | +€505 | |
| Suppliers | 440/4 | - | €505 | +€505 | |
| Taxes, remuneration and social security | 45 | €235 | €986 | +€751 | +320.2% |
| Taxes | 450/3 | €235 | €986 | +€751 | +320.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,664 | €3,662 | -€7,002 | -65.7% |
| Other operating charges | 640/8 | €5,485 | €2,460 | -€3,025 | -55.1% |
| Non-recurring operating charges | 66A | €750 | - | -€750 | |
| Gross operating margin | 9900 | €15,230 | €4,086 | -€11,144 | -73.2% |
| Operating profit (loss) | 9901 | -€1,668 | -€2,036 | -€368 | -22.1% |
| Financial income | 75/76B | €96 | €0 | -€96 | -100.0% |
| Recurring financial income | 75 | €96 | €0 | -€96 | -100.0% |
| Financial charges | 65/66B | €2,795 | €1,465 | -€1,329 | -47.6% |
| Recurring financial charges | 65 | €2,795 | €1,465 | -€1,329 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,367 | -€3,501 | +€866 | +19.8% |
| Income taxes | 67/77 | €33 | €152 | +€119 | +362.1% |
| Profit (loss) for the period | 9904 | -€4,400 | -€3,654 | +€747 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,400 | -€3,654 | +€747 | +17.0% |
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.