BROECKX BEST: what changed
Two financial 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.
What changed
BROECKX BEST
NACE 10.111, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€56,322
2024 · €38,130+€18,191
Equity
€517,011
2024 · €460,689+€56,322
Cash
€3,721
2024 · €9,074-€5,353
Balance sheet total
€2.4m
2024 · €2.4m-€46,846
Largest movements
Assets
- Tangible fixed assets -€69,890
down €69,890 (-2.9%), from €2.4m to €2.3m
of which Assets under construction and advance payments: -€2.2m
- Receivables within one year +€36,428
up €36,428, from €0 to €36,428
of which Trade receivables: +€36,428
Equity and liabilities
- Debts after one year -€99,651
down €99,651 (-7.0%), from €1.4m to €1.3m
- Reserves +€56,322
up €56,322 (+17.4%), from €324,059 to €380,381
of which Distributable reserves: +€59,156
Income statement
- Gross operating margin +€19,462
up €19,462 (+5.3%), from €366,610 to €386,072
- Staff costs -€15,291
down €15,291 (-8.2%), from €187,282 to €171,992
- Taxes +€9,645
up €9,645 (+52.3%), from €18,452 to €28,097
- Other operating charges +€7,063
up €7,063 (+524%), from €1,348 to €8,411
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.
Result 2024
€38,130
Gross operating margin
+€19,462
Staff costs
+€15,291
Depreciation
-€1,390
Other operating charges
-€7,063
Other operating items
-€1,752
Financial income
-€88
Financial charges
+€3,377
Taxes
-€9,645
Result 2025
€56,322
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€103,120
Investment
-€3,688
Financing
-€104,785
Cash 2024
€9,074
From operations (derived)
+€103,120
Net result for the year
+€56,322
Depreciation
+€73,578
Receivables within one year
-€36,428
Deferred charges and accrued income
+€8,032
Provisions
-€945
Trade debts
-€5,051
Tax, wage and social debts
+€8,500
Other debts
-€15,142
Accrued charges and deferred income
+€14,255
Investment (derived)
-€3,688
Investment in fixed assets (net)
-€3,688
Financing
-€104,785
Debts after one year
-€99,651
Current portion of long-term debt
+€611
Short-term financial debts
-€5,745
Cash 2025
€3,721
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,410,960 | €2,364,114 | -€46,846 | -1.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,393,855 | €2,323,965 | -€69,890 | -2.9% |
| Tangible fixed assets | 22/27 | €2,393,855 | €2,323,965 | -€69,890 | -2.9% |
| Land and buildings | 22 | €135,566 | €2,317,022 | +€2.2m | +1,609% |
| Plant, machinery and equipment | 23 | €8,378 | €6,942 | -€1,436 | -17.1% |
| Furniture and vehicles | 24 | €6,380 | - | -€6,380 | |
| Assets under construction and advance payments | 27 | €2,243,530 | - | -€2.2m | |
| Current assets | 29/58 | €17,106 | €40,150 | +€23,044 | +135% |
| Amounts receivable within one year | 40/41 | €0 | €36,428 | +€36,428 | |
| Trade receivables | 40 | €0 | €36,428 | +€36,428 | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €9,074 | €3,721 | -€5,353 | -59.0% |
| Deferred charges and accrued income | 490/1 | €8,032 | - | -€8,032 | |
| Total equity and liabilities | 10/49 | €2,410,960 | €2,364,114 | -€46,846 | -1.9% |
| Equity | 10/15 | €460,689 | €517,011 | +€56,322 | +12.2% |
| Contributions | 10/11 | €136,630 | €136,630 | = | 0.0% |
| Reserves | 13 | €324,059 | €380,381 | +€56,322 | +17.4% |
| Tax-exempt reserves | 132 | €87,873 | €85,039 | -€2,834 | -3.2% |
| Distributable reserves | 133 | €236,186 | €295,342 | +€59,156 | +25.0% |
| Provisions and deferred taxes | 16 | €29,291 | €28,346 | -€945 | -3.2% |
| Deferred taxes | 168 | €29,291 | €28,346 | -€945 | -3.2% |
| Amounts payable | 17/49 | €1,920,980 | €1,818,757 | -€102,223 | -5.3% |
| Amounts payable after more than one year | 17 | €1,414,700 | €1,315,049 | -€99,651 | -7.0% |
| Financial debts | 170/4 | €1,414,700 | €1,315,049 | -€99,651 | -7.0% |
| Amounts payable within one year | 42/48 | €488,590 | €471,763 | -€16,827 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €99,040 | €99,651 | +€611 | +0.6% |
| Financial debts | 43 | €5,745 | - | -€5,745 | |
| Credit institutions | 430/8 | €5,745 | - | -€5,745 | |
| Trade debts | 44 | €5,393 | €342 | -€5,051 | -93.7% |
| Suppliers | 440/4 | €5,393 | €342 | -€5,051 | -93.7% |
| Taxes, remuneration and social security | 45 | €24,425 | €32,926 | +€8,500 | +34.8% |
| Taxes | 450/3 | €11,424 | €22,446 | +€11,021 | +96.5% |
| Remuneration and social security | 454/9 | €13,001 | €10,480 | -€2,521 | -19.4% |
| Other amounts payable | 47/48 | €353,987 | €338,845 | -€15,142 | -4.3% |
| Accrued charges and deferred income | 492/3 | €17,690 | €31,944 | +€14,255 | +80.6% |
| Remuneration, social security and pensions | 62 | €187,282 | €171,992 | -€15,291 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,188 | €73,578 | +€1,390 | +1.9% |
| Other operating charges | 640/8 | €1,348 | €8,411 | +€7,063 | +524% |
| Non-recurring operating charges | 66A | - | €1,752 | +€1,752 | |
| Gross operating margin | 9900 | €366,610 | €386,072 | +€19,462 | +5.3% |
| Operating profit (loss) | 9901 | €105,791 | €130,340 | +€24,548 | +23.2% |
| Financial income | 75/76B | €88 | - | -€88 | |
| Recurring financial income | 75 | €88 | - | -€88 | |
| Financial charges | 65/66B | €50,243 | €46,866 | -€3,377 | -6.7% |
| Recurring financial charges | 65 | €50,243 | €46,866 | -€3,377 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €55,637 | €83,474 | +€27,837 | +50.0% |
| Transfer from deferred taxes | 780 | €945 | €945 | = | 0.0% |
| Income taxes | 67/77 | €18,452 | €28,097 | +€9,645 | +52.3% |
| Profit (loss) for the period | 9904 | €38,130 | €56,322 | +€18,191 | +47.7% |
| Transfer from tax-exempt reserves | 789 | €2,834 | €2,834 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,965 | €59,156 | +€18,191 | +44.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.