BROELS: 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.
BROELS
Largest movements
- Tangible fixed assets +€64,573
up €64,573 (+127.5%), from €50,664 to €115,237
of which Furniture and vehicles: +€51,247
- Cash -€2,332
down €2,332 (-38.0%), from €6,130 to €3,799
mainly Investment in fixed assets (net) (-€76,441) and Contributions, distributions and other (-€59,614)
- Other debts +€59,249
up €59,249 (+16224.1%), from €365 to €59,614
- Debts after one year +€42,715
new in 2025: €42,715
- Profit (loss) carried forward -€38,551
down €38,551 (-100.0%), from €38,551 to €0
- Tax, wage and social debts -€12,992
down €12,992 (-69.5%), from €18,682 to €5,690
- Current portion of long-term debt +€10,300
up €10,300, from €0 to €10,300
- Gross operating margin +€10,293
up €10,293 (+35.9%), from €28,695 to €38,988
- Depreciation +€5,819
up €5,819 (+96.2%), from €6,049 to €11,868
- Taxes -€990
down €990 (-17.4%), from €5,686 to €4,696
- Other operating charges +€650
up €650 (+515.9%), from €126 to €776
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 | €85,471 | €147,315 | +€61,845 | +72.4% |
| Fixed assets | 21/28 | €50,664 | €115,237 | +€64,573 | +127.5% |
| Tangible fixed assets | 22/27 | €50,664 | €115,237 | +€64,573 | +127.5% |
| Land and buildings | 22 | €39,634 | €53,867 | +€14,233 | +35.9% |
| Plant, machinery and equipment | 23 | €1,737 | €829 | -€907 | -52.2% |
| Furniture and vehicles | 24 | €9,293 | €60,540 | +€51,247 | +551.5% |
| Current assets | 29/58 | €34,807 | €32,079 | -€2,728 | -7.8% |
| Amounts receivable within one year | 40/41 | €27,897 | €26,633 | -€1,264 | -4.5% |
| Trade receivables | 40 | €27,892 | €12,100 | -€15,792 | -56.6% |
| Other amounts receivable | 41 | €5 | €14,533 | +€14,528 | +285985.6% |
| Cash at bank and in hand | 54/58 | €6,130 | €3,799 | -€2,332 | -38.0% |
| Deferred charges and accrued income | 490/1 | €779 | €1,647 | +€868 | +111.3% |
| Total equity and liabilities | 10/49 | €85,471 | €147,315 | +€61,845 | +72.4% |
| Equity | 10/15 | €64,887 | €26,337 | -€38,551 | -59.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,837 | €23,837 | = | 0.0% |
| Distributable reserves | 133 | €23,837 | €23,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,551 | €0 | -€38,551 | -100.0% |
| Amounts payable | 17/49 | €20,583 | €120,978 | +€100,395 | +487.8% |
| Amounts payable after more than one year | 17 | - | €42,715 | +€42,715 | |
| Financial debts | 170/4 | - | €42,715 | +€42,715 | |
| Amounts payable within one year | 42/48 | €20,583 | €78,263 | +€57,680 | +280.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €10,300 | +€10,300 | |
| Trade debts | 44 | €1,536 | €2,659 | +€1,123 | +73.2% |
| Suppliers | 440/4 | €1,536 | €2,659 | +€1,123 | +73.2% |
| Taxes, remuneration and social security | 45 | €18,682 | €5,690 | -€12,992 | -69.5% |
| Taxes | 450/3 | €18,682 | €5,690 | -€12,992 | -69.5% |
| Other amounts payable | 47/48 | €365 | €59,614 | +€59,249 | +16224.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,049 | €11,868 | +€5,819 | +96.2% |
| Other operating charges | 640/8 | €126 | €776 | +€650 | +515.9% |
| Gross operating margin | 9900 | €28,695 | €38,988 | +€10,293 | +35.9% |
| Operating profit (loss) | 9901 | €22,520 | €26,344 | +€3,824 | +17.0% |
| Financial income | 75/76B | €155 | €38 | -€117 | -75.5% |
| Recurring financial income | 75 | €155 | €38 | -€117 | -75.5% |
| Financial charges | 65/66B | €349 | €622 | +€273 | +78.1% |
| Recurring financial charges | 65 | €349 | €622 | +€273 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €22,326 | €25,760 | +€3,434 | +15.4% |
| Income taxes | 67/77 | €5,686 | €4,696 | -€990 | -17.4% |
| Profit (loss) for the period | 9904 | €16,639 | €21,063 | +€4,424 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,639 | €21,063 | +€4,424 | +26.6% |
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 7 October 2026 via checked.be.