Broes Alexander: 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.
Broes Alexander
Largest movements
- Tangible fixed assets +€26,684
new in 2025: €26,684
- Cash -€11,951
down €11,951 (-97.5%), from €12,260 to €308
mainly Investment in fixed assets (net) (-€31,954) and Receivables within one year (-€6,655)
- Receivables within one year +€6,655
new in 2025: €6,655
- Current portion of long-term debt +€10,503
up €10,503 (+67.7%), from €15,515 to €26,018
- Other debts +€9,091
up €9,091 (+342%), from €2,660 to €11,751
- Reserves +€4,747
up €4,747 (+89.6%), from €5,299 to €10,046
- Debts after one year -€3,419
down €3,419 (-5.6%), from €60,840 to €57,421
- Gross operating margin +€5,939
up €5,939 (+50.3%), from €11,818 to €17,756
- Depreciation +€4,124
up €4,124 (+180%), from €2,292 to €6,416
- Financial charges +€1,099
up €1,099 (+47.8%), from €2,299 to €3,398
- Other operating charges +€870
up €870 (+2,941%), from €30 to €899
- Taxes +€398
up €398 (+20.9%), from €1,899 to €2,297
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 | €113,406 | €133,647 | +€20,241 | +17.8% |
| Formation expenses | 20 | €1,146 | €0 | -€1,146 | -100% |
| Fixed assets | 21/28 | €100,000 | €126,684 | +€26,684 | +26.7% |
| Tangible fixed assets | 22/27 | - | €26,684 | +€26,684 | |
| Furniture and vehicles | 24 | - | €26,684 | +€26,684 | |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €12,260 | €6,963 | -€5,296 | -43.2% |
| Amounts receivable within one year | 40/41 | - | €6,655 | +€6,655 | |
| Trade receivables | 40 | - | €6,655 | +€6,655 | |
| Cash at bank and in hand | 54/58 | €12,260 | €308 | -€11,951 | -97.5% |
| Total equity and liabilities | 10/49 | €113,406 | €133,647 | +€20,241 | +17.8% |
| Equity | 10/15 | €25,299 | €30,046 | +€4,747 | +18.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,299 | €10,046 | +€4,747 | +89.6% |
| Distributable reserves | 133 | €5,299 | €10,046 | +€4,747 | +89.6% |
| Amounts payable | 17/49 | €88,107 | €103,601 | +€15,494 | +17.6% |
| Amounts payable after more than one year | 17 | €60,840 | €57,421 | -€3,419 | -5.6% |
| Financial debts | 170/4 | €60,840 | €57,421 | -€3,419 | -5.6% |
| Amounts payable within one year | 42/48 | €26,423 | €45,980 | +€19,557 | +74.0% |
| Current portion of amounts payable after more than one year | 42 | €15,515 | €26,018 | +€10,503 | +67.7% |
| Trade debts | 44 | - | €221 | +€221 | |
| Suppliers | 440/4 | - | €221 | +€221 | |
| Taxes, remuneration and social security | 45 | €8,248 | €7,990 | -€258 | -3.1% |
| Taxes | 450/3 | €8,248 | €7,990 | -€258 | -3.1% |
| Other amounts payable | 47/48 | €2,660 | €11,751 | +€9,091 | +342% |
| Accrued charges and deferred income | 492/3 | €844 | €200 | -€644 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,292 | €6,416 | +€4,124 | +180% |
| Other operating charges | 640/8 | €30 | €899 | +€870 | +2,941% |
| Gross operating margin | 9900 | €11,818 | €17,756 | +€5,939 | +50.3% |
| Operating profit (loss) | 9901 | €9,497 | €10,441 | +€945 | +9.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,299 | €3,398 | +€1,099 | +47.8% |
| Recurring financial charges | 65 | €2,299 | €3,398 | +€1,099 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €7,198 | €7,044 | -€154 | -2.1% |
| Income taxes | 67/77 | €1,899 | €2,297 | +€398 | +20.9% |
| Profit (loss) for the period | 9904 | €5,299 | €4,747 | -€551 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,299 | €4,747 | -€551 | -10.4% |
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 13 October 2026 via checked.be.