Brobeco: 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.
Brobeco
Largest movements
- Tangible fixed assets -€56,892
down €56,892 (-5.7%), from €1.0m to €943,756
- Receivables within one year -€11,595
down €11,595 (-96.5%), from €12,011 to €416
- Profit (loss) carried forward -€62,562
down €62,562 (-124.8%), from -€50,122 to -€112,684
- Other debts +€24,784
up €24,784 (+4.3%), from €575,123 to €599,907
- Debts after one year -€16,663
down €16,663 (-7.3%), from €227,551 to €210,888
- Taxes +€12,006
up €12,006, from -€12,006 to €0
- Financial charges -€8,305
down €8,305 (-21.5%), from €38,634 to €30,329
- Gross operating margin +€2,770
up €2,770 (+12.3%), from €22,570 to €25,340
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 | €1,024,278 | €963,671 | -€60,607 | -5.9% |
| Fixed assets | 21/28 | €1,002,108 | €945,216 | -€56,892 | -5.7% |
| Tangible fixed assets | 22/27 | €1,000,648 | €943,756 | -€56,892 | -5.7% |
| Land and buildings | 22 | €1,000,648 | €943,756 | -€56,892 | -5.7% |
| Financial fixed assets | 28 | €1,460 | €1,460 | = | 0.0% |
| Current assets | 29/58 | €22,170 | €18,454 | -€3,715 | -16.8% |
| Amounts receivable within one year | 40/41 | €12,011 | €416 | -€11,595 | -96.5% |
| Other amounts receivable | 41 | €12,011 | €416 | -€11,595 | -96.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,159 | €18,038 | +€7,879 | +77.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,024,278 | €963,671 | -€60,607 | -5.9% |
| Equity | 10/15 | €192,584 | €125,094 | -€67,490 | -35.0% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €118,760 | €113,831 | -€4,928 | -4.1% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €106,365 | €101,437 | -€4,928 | -4.6% |
| Profit (loss) carried forward | 14 | -€50,122 | -€112,684 | -€62,562 | -124.8% |
| Amounts payable | 17/49 | €831,694 | €838,577 | +€6,883 | +0.8% |
| Amounts payable after more than one year | 17 | €227,551 | €210,888 | -€16,663 | -7.3% |
| Financial debts | 170/4 | €227,551 | €210,888 | -€16,663 | -7.3% |
| Amounts payable within one year | 42/48 | €601,115 | €624,596 | +€23,481 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €17,606 | €18,034 | +€428 | +2.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,681 | €2,798 | -€2,883 | -50.7% |
| Suppliers | 440/4 | €5,681 | €2,798 | -€2,883 | -50.7% |
| Taxes, remuneration and social security | 45 | €2,705 | €3,857 | +€1,152 | +42.6% |
| Taxes | 450/3 | €2,705 | €3,857 | +€1,152 | +42.6% |
| Other amounts payable | 47/48 | €575,123 | €599,907 | +€24,784 | +4.3% |
| Accrued charges and deferred income | 492/3 | €3,028 | €3,092 | +€65 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,892 | €56,892 | = | 0.0% |
| Other operating charges | 640/8 | €6,020 | €5,791 | -€228 | -3.8% |
| Gross operating margin | 9900 | €22,570 | €25,340 | +€2,770 | +12.3% |
| Operating profit (loss) | 9901 | -€40,341 | -€37,343 | +€2,999 | +7.4% |
| Financial income | 75/76B | €5 | €182 | +€177 | +3396.2% |
| Recurring financial income | 75 | €5 | €182 | +€177 | +3396.2% |
| Financial charges | 65/66B | €38,634 | €30,329 | -€8,305 | -21.5% |
| Recurring financial charges | 65 | €38,634 | €30,329 | -€8,305 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€78,971 | -€67,490 | +€11,480 | +14.5% |
| Income taxes | 67/77 | -€12,006 | €0 | +€12,006 | |
| Profit (loss) for the period | 9904 | -€66,964 | -€67,490 | -€526 | -0.8% |
| Transfer from tax-exempt reserves | 789 | €4,928 | €4,928 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,036 | -€62,562 | -€526 | -0.8% |
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.