Broen: 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.
Broen
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€93,637
up €93,637 (+125.1%), from €74,867 to €168,504
mainly Current investments (+€100,000) and Net result for the year (+€34,905)
- Tangible fixed assets +€22,915
up €22,915 (+712.2%), from €3,218 to €26,133
of which Land and buildings: +€23,888
- Receivables within one year +€4,964
up €4,964 (+18.3%), from €27,183 to €32,147
of which Trade receivables: +€4,877
- Reserves +€26,029
up €26,029 (+10.7%), from €243,682 to €269,712
- Tax, wage and social debts -€4,084
down €4,084 (-23.2%), from €17,572 to €13,488
- Gross operating margin -€22,719
down €22,719 (-30.5%), from €74,545 to €51,827
- Taxes -€6,766
down €6,766 (-32.4%), from €20,891 to €14,125
- Depreciation +€4,453
up €4,453 (+705.0%), from €632 to €5,085
- Financial income +€2,559
up €2,559 (+138.4%), from €1,850 to €4,409
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 | €269,565 | €293,647 | +€24,082 | +8.9% |
| Fixed assets | 21/28 | €3,218 | €26,133 | +€22,915 | +712.2% |
| Tangible fixed assets | 22/27 | €3,218 | €26,133 | +€22,915 | +712.2% |
| Land and buildings | 22 | - | €23,888 | +€23,888 | |
| Furniture and vehicles | 24 | €2,148 | €1,175 | -€973 | -45.3% |
| Other tangible fixed assets | 26 | €1,070 | €1,070 | = | 0.0% |
| Current assets | 29/58 | €266,347 | €267,514 | +€1,167 | +0.4% |
| Amounts receivable after more than one year | 29 | €47,610 | €47,610 | = | 0.0% |
| Other amounts receivable | 291 | €47,610 | €47,610 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,183 | €32,147 | +€4,964 | +18.3% |
| Trade receivables | 40 | €27,183 | €32,060 | +€4,877 | +17.9% |
| Other amounts receivable | 41 | - | €87 | +€87 | |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €74,867 | €168,504 | +€93,637 | +125.1% |
| Deferred charges and accrued income | 490/1 | €16,687 | €19,253 | +€2,566 | +15.4% |
| Total equity and liabilities | 10/49 | €269,565 | €293,647 | +€24,082 | +8.9% |
| Equity | 10/15 | €249,882 | €275,912 | +€26,029 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €243,682 | €269,712 | +€26,029 | +10.7% |
| Distributable reserves | 133 | €243,682 | €269,712 | +€26,029 | +10.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,683 | €17,736 | -€1,947 | -9.9% |
| Amounts payable within one year | 42/48 | €19,683 | €17,736 | -€1,947 | -9.9% |
| Trade debts | 44 | €1,848 | €4,248 | +€2,400 | +129.9% |
| Suppliers | 440/4 | €1,848 | €4,248 | +€2,400 | +129.9% |
| Taxes, remuneration and social security | 45 | €17,572 | €13,488 | -€4,084 | -23.2% |
| Taxes | 450/3 | €17,572 | €13,488 | -€4,084 | -23.2% |
| Other amounts payable | 47/48 | €263 | €0 | -€263 | -100.0% |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €5,085 | +€4,453 | +705.0% |
| Other operating charges | 640/8 | €1,090 | €1,613 | +€522 | +47.9% |
| Gross operating margin | 9900 | €74,545 | €51,827 | -€22,719 | -30.5% |
| Operating profit (loss) | 9901 | €72,823 | €45,129 | -€27,694 | -38.0% |
| Financial income | 75/76B | €1,850 | €4,409 | +€2,559 | +138.4% |
| Recurring financial income | 75 | €1,850 | €4,409 | +€2,559 | +138.4% |
| Financial charges | 65/66B | €725 | €509 | -€216 | -29.8% |
| Recurring financial charges | 65 | €725 | €509 | -€216 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €73,948 | €49,030 | -€24,918 | -33.7% |
| Income taxes | 67/77 | €20,891 | €14,125 | -€6,766 | -32.4% |
| Profit (loss) for the period | 9904 | €53,057 | €34,905 | -€18,152 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,057 | €34,905 | -€18,152 | -34.2% |
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 3 October 2026 via checked.be.