BROECKX - VERSWIJVEL: 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.
BROECKX - VERSWIJVEL
Largest movements
- Cash +€76,544
up €76,544 (+16.3%), from €468,173 to €544,717
mainly Net result for the year (+€84,246) and Depreciation (+€36,890)
- Receivables within one year +€33,878
up €33,878 (+77.9%), from €43,466 to €77,344
of which Trade receivables: +€30,056
- Tangible fixed assets +€25,637
up €25,637 (+7.9%), from €325,586 to €351,223
of which Plant, machinery and equipment: +€48,504
- Reserves +€84,246
up €84,246 (+18.8%), from €448,031 to €532,277
- Tax, wage and social debts +€25,527
up €25,527 (+66.5%), from €38,378 to €63,904
of which Taxes: +€21,579
- Current portion of long-term debt +€13,638
up €13,638 (+56.6%), from €24,088 to €37,726
- Other debts +€12,186
up €12,186 (+8.1%), from €150,223 to €162,409
- Gross operating margin +€10,212
up €10,212 (+5.9%), from €173,480 to €183,692
- Staff costs +€4,672
new in 2025: €4,672
- Depreciation +€1,985
up €1,985 (+5.7%), from €34,905 to €36,890
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €848,022 | €978,649 | +€130,628 | +15.4% |
| Fixed assets | 21/28 | €336,301 | €356,580 | +€20,279 | +6.0% |
| Intangible fixed assets | 21 | €10,714 | €5,357 | -€5,357 | -50.0% |
| Tangible fixed assets | 22/27 | €325,586 | €351,223 | +€25,637 | +7.9% |
| Land and buildings | 22 | €264,315 | €255,982 | -€8,333 | -3.2% |
| Plant, machinery and equipment | 23 | €24,856 | €73,361 | +€48,504 | +195% |
| Furniture and vehicles | 24 | €32,289 | €18,755 | -€13,534 | -41.9% |
| Leasing and similar rights | 25 | €4,126 | €3,126 | -€1,000 | -24.2% |
| Current assets | 29/58 | €511,721 | €622,069 | +€110,348 | +21.6% |
| Amounts receivable within one year | 40/41 | €43,466 | €77,344 | +€33,878 | +77.9% |
| Trade receivables | 40 | €34,312 | €64,368 | +€30,056 | +87.6% |
| Other amounts receivable | 41 | €9,154 | €12,977 | +€3,823 | +41.8% |
| Cash at bank and in hand | 54/58 | €468,173 | €544,717 | +€76,544 | +16.3% |
| Deferred charges and accrued income | 490/1 | €82 | €8 | -€74 | -90.2% |
| Total equity and liabilities | 10/49 | €848,022 | €978,649 | +€130,628 | +15.4% |
| Equity | 10/15 | €466,631 | €550,877 | +€84,246 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €448,031 | €532,277 | +€84,246 | +18.8% |
| Distributable reserves | 133 | €448,031 | €532,277 | +€84,246 | +18.8% |
| Amounts payable | 17/49 | €381,390 | €427,772 | +€46,382 | +12.2% |
| Amounts payable after more than one year | 17 | €139,313 | €134,311 | -€5,002 | -3.6% |
| Financial debts | 170/4 | €139,313 | €134,311 | -€5,002 | -3.6% |
| Amounts payable within one year | 42/48 | €242,077 | €293,461 | +€51,384 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €24,088 | €37,726 | +€13,638 | +56.6% |
| Financial debts | 43 | - | €1,263 | +€1,263 | |
| Credit institutions | 430/8 | - | €1,263 | +€1,263 | |
| Trade debts | 44 | €29,388 | €28,158 | -€1,229 | -4.2% |
| Suppliers | 440/4 | €29,388 | €28,158 | -€1,229 | -4.2% |
| Taxes, remuneration and social security | 45 | €38,378 | €63,904 | +€25,527 | +66.5% |
| Taxes | 450/3 | €28,178 | €49,757 | +€21,579 | +76.6% |
| Remuneration and social security | 454/9 | €10,200 | €14,148 | +€3,948 | +38.7% |
| Other amounts payable | 47/48 | €150,223 | €162,409 | +€12,186 | +8.1% |
| Remuneration, social security and pensions | 62 | - | €4,672 | +€4,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,905 | €36,890 | +€1,985 | +5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €143 | - | -€143 | |
| Other operating charges | 640/8 | €6,328 | €6,658 | +€330 | +5.2% |
| Gross operating margin | 9900 | €173,480 | €183,692 | +€10,212 | +5.9% |
| Operating profit (loss) | 9901 | €132,105 | €135,472 | +€3,368 | +2.5% |
| Financial income | 75/76B | €1,476 | €1,607 | +€131 | +8.9% |
| Recurring financial income | 75 | €1,476 | €1,607 | +€131 | +8.9% |
| Financial charges | 65/66B | €19,250 | €18,264 | -€986 | -5.1% |
| Recurring financial charges | 65 | €19,250 | €18,264 | -€986 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €114,331 | €118,816 | +€4,485 | +3.9% |
| Income taxes | 67/77 | €33,538 | €34,570 | +€1,032 | +3.1% |
| Profit (loss) for the period | 9904 | €80,793 | €84,246 | +€3,453 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,793 | €84,246 | +€3,453 | +4.3% |
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 29 October 2026 via checked.be.