BROECKAERT: 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.
BROECKAERT
Largest movements
- Cash +€57,339
up €57,339 (+14.7%), from €390,008 to €447,346
mainly Net result for the year (+€93,151) and Depreciation (+€22,911)
- Tangible fixed assets +€23,658
up €23,658 (+34.7%), from €68,165 to €91,823
of which Furniture and vehicles: +€17,619
- Receivables within one year -€17,507
down €17,507 (-33.7%), from €51,883 to €34,376
of which Trade receivables: -€17,483
- Reserves +€66,098
up €66,098 (+16.8%), from €392,433 to €458,532
- Debts after one year -€16,248
down €16,248 (-90.4%), from €17,964 to €1,716
- Other debts +€15,471
up €15,471 (+94.7%), from €16,334 to €31,805
- Tax, wage and social debts -€9,763
down €9,763 (-25.7%), from €37,923 to €28,160
- Current portion of long-term debt +€8,473
up €8,473 (+43.2%), from €19,597 to €28,069
- Depreciation +€6,717
up €6,717 (+41.5%), from €16,194 to €22,911
- Taxes -€4,499
down €4,499 (-10.5%), from €42,790 to €38,291
- Gross operating margin -€3,901
down €3,901 (-2.4%), from €159,994 to €156,093
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 | €510,320 | €573,815 | +€63,495 | +12.4% |
| Fixed assets | 21/28 | €68,165 | €91,823 | +€23,658 | +34.7% |
| Tangible fixed assets | 22/27 | €68,165 | €91,823 | +€23,658 | +34.7% |
| Furniture and vehicles | 24 | €53,022 | €70,641 | +€17,619 | +33.2% |
| Other tangible fixed assets | 26 | €15,144 | €21,182 | +€6,039 | +39.9% |
| Current assets | 29/58 | €442,155 | €481,992 | +€39,837 | +9.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €51,883 | €34,376 | -€17,507 | -33.7% |
| Trade receivables | 40 | €51,859 | €34,376 | -€17,483 | -33.7% |
| Other amounts receivable | 41 | €23 | €0 | -€23 | -100.0% |
| Cash at bank and in hand | 54/58 | €390,008 | €447,346 | +€57,339 | +14.7% |
| Deferred charges and accrued income | 490/1 | €265 | €270 | +€5 | +1.9% |
| Total equity and liabilities | 10/49 | €510,320 | €573,815 | +€63,495 | +12.4% |
| Equity | 10/15 | €411,033 | €477,132 | +€66,098 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €392,433 | €458,532 | +€66,098 | +16.8% |
| Distributable reserves | 133 | €392,433 | €458,532 | +€66,098 | +16.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,287 | €96,684 | -€2,603 | -2.6% |
| Amounts payable after more than one year | 17 | €17,964 | €1,716 | -€16,248 | -90.4% |
| Financial debts | 170/4 | €17,964 | €1,716 | -€16,248 | -90.4% |
| Amounts payable within one year | 42/48 | €81,323 | €94,968 | +€13,644 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €19,597 | €28,069 | +€8,473 | +43.2% |
| Trade debts | 44 | €7,469 | €6,933 | -€536 | -7.2% |
| Suppliers | 440/4 | €7,469 | €6,933 | -€536 | -7.2% |
| Taxes, remuneration and social security | 45 | €37,923 | €28,160 | -€9,763 | -25.7% |
| Taxes | 450/3 | €37,923 | €28,160 | -€9,763 | -25.7% |
| Other amounts payable | 47/48 | €16,334 | €31,805 | +€15,471 | +94.7% |
| Non-recurring operating income | 76A | - | €4,600 | +€4,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,194 | €22,911 | +€6,717 | +41.5% |
| Other operating charges | 640/8 | €938 | €1,217 | +€279 | +29.7% |
| Gross operating margin | 9900 | €159,994 | €156,093 | -€3,901 | -2.4% |
| Operating profit (loss) | 9901 | €142,861 | €131,965 | -€10,896 | -7.6% |
| Financial income | 75/76B | €1,295 | €453 | -€842 | -65.0% |
| Recurring financial income | 75 | €1,295 | €453 | -€842 | -65.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €332 | €976 | +€644 | +193.9% |
| Recurring financial charges | 65 | €332 | €976 | +€644 | +193.9% |
| Profit (loss) for the period before taxes | 9903 | €143,824 | €131,442 | -€12,382 | -8.6% |
| Income taxes | 67/77 | €42,790 | €38,291 | -€4,499 | -10.5% |
| Profit (loss) for the period | 9904 | €101,033 | €93,151 | -€7,882 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,033 | €93,151 | -€7,882 | -7.8% |
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 2 October 2026 via checked.be.