BEBRONNE DANIEL: 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.
BEBRONNE DANIEL
Largest movements
- Receivables within one year +€223,857
up €223,857 (+135.0%), from €165,821 to €389,677
of which Trade receivables: +€199,253
- Tangible fixed assets +€193,184
up €193,184 (+27.7%), from €696,277 to €889,461
of which Land and buildings: +€126,396
- Cash +€28,573
up €28,573 (+5349.9%), from €534 to €29,107
mainly Net result for the year (+€297,586) and Other debts (+€142,579)
- Reserves +€262,224
new in 2025: €262,224
- Other debts +€142,579
up €142,579 (+54.3%), from €262,733 to €405,313
- Advances received +€124,000
up €124,000 (+210.2%), from €59,000 to €183,000
- Trade debts -€43,106
down €43,106 (-49.3%), from €87,365 to €44,259
- Provisions -€40,411
down €40,411 (-31.6%), from €127,819 to €87,408
of which Provisions for liabilities and charges: -€127,819
- Gross operating margin +€386,497
up €386,497 (+378.5%), from €102,123 to €488,620
- Taxes +€20,636
up €20,636, from -€6,592 to €14,044
- Depreciation +€6,730
up €6,730 (+11.7%), from €57,548 to €64,278
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 | €865,438 | €1,309,860 | +€444,423 | +51.4% |
| Fixed assets | 21/28 | €696,277 | €889,461 | +€193,184 | +27.7% |
| Tangible fixed assets | 22/27 | €696,277 | €889,461 | +€193,184 | +27.7% |
| Land and buildings | 22 | €567,456 | €693,852 | +€126,396 | +22.3% |
| Plant, machinery and equipment | 23 | €51,863 | €81,051 | +€29,188 | +56.3% |
| Furniture and vehicles | 24 | €76,958 | €114,559 | +€37,601 | +48.9% |
| Current assets | 29/58 | €169,161 | €420,400 | +€251,239 | +148.5% |
| Amounts receivable within one year | 40/41 | €165,821 | €389,677 | +€223,857 | +135.0% |
| Trade receivables | 40 | €151,818 | €351,071 | +€199,253 | +131.2% |
| Other amounts receivable | 41 | €14,002 | €38,606 | +€24,604 | +175.7% |
| Cash at bank and in hand | 54/58 | €534 | €29,107 | +€28,573 | +5349.9% |
| Deferred charges and accrued income | 490/1 | €2,806 | €1,615 | -€1,191 | -42.5% |
| Total equity and liabilities | 10/49 | €865,438 | €1,309,860 | +€444,423 | +51.4% |
| Equity | 10/15 | €114,407 | €411,993 | +€297,586 | +260.1% |
| Contributions | 10/11 | €35,634 | €35,634 | = | 0.0% |
| Reserves | 13 | - | €262,224 | +€262,224 | |
| Tax-exempt reserves | 132 | - | €262,224 | +€262,224 | |
| Profit (loss) carried forward | 14 | €78,772 | €114,135 | +€35,363 | +44.9% |
| Provisions and deferred taxes | 16 | €127,819 | €87,408 | -€40,411 | -31.6% |
| Provisions for liabilities and charges | 160/5 | €127,819 | - | -€127,819 | |
| Environmental obligations | 163 | €127,819 | - | -€127,819 | |
| Deferred taxes | 168 | - | €87,408 | +€87,408 | |
| Amounts payable | 17/49 | €623,212 | €810,460 | +€187,248 | +30.0% |
| Amounts payable after more than one year | 17 | €145,717 | €106,597 | -€39,120 | -26.8% |
| Financial debts | 170/4 | €145,717 | €106,597 | -€39,120 | -26.8% |
| Amounts payable within one year | 42/48 | €477,495 | €703,863 | +€226,368 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €36,105 | €38,621 | +€2,515 | +7.0% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Other loans | 439 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €87,365 | €44,259 | -€43,106 | -49.3% |
| Suppliers | 440/4 | €87,365 | €44,259 | -€43,106 | -49.3% |
| Advances received on contracts in progress | 46 | €59,000 | €183,000 | +€124,000 | +210.2% |
| Taxes, remuneration and social security | 45 | €17,291 | €17,671 | +€379 | +2.2% |
| Taxes | 450/3 | €17,291 | €17,671 | +€379 | +2.2% |
| Other amounts payable | 47/48 | €262,733 | €405,313 | +€142,579 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,548 | €64,278 | +€6,730 | +11.7% |
| Other operating charges | 640/8 | €12,791 | €14,957 | +€2,167 | +16.9% |
| Non-recurring operating charges | 66A | €10,962 | - | -€10,962 | |
| Gross operating margin | 9900 | €102,123 | €488,620 | +€386,497 | +378.5% |
| Operating profit (loss) | 9901 | €20,822 | €409,384 | +€388,562 | +1866.1% |
| Financial income | 75/76B | - | €1,895 | +€1,895 | |
| Recurring financial income | 75 | - | €1,895 | +€1,895 | |
| Financial charges | 65/66B | €10,294 | €12,241 | +€1,947 | +18.9% |
| Recurring financial charges | 65 | €10,294 | €12,241 | +€1,947 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €10,528 | €399,038 | +€388,510 | +3690.1% |
| Transfer to deferred taxes | 680 | - | €87,408 | +€87,408 | |
| Income taxes | 67/77 | -€6,592 | €14,044 | +€20,636 | |
| Profit (loss) for the period | 9904 | €17,120 | €297,586 | +€280,466 | +1638.2% |
| Transfer to tax-exempt reserves | 689 | - | €262,224 | +€262,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,120 | €35,363 | +€18,242 | +106.6% |
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 4 October 2026 via checked.be.