BROKER +: 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.
BROKER +
Largest movements
- Tangible fixed assets +€317,540
up €317,540 (+142.9%), from €222,162 to €539,702
of which Land and buildings: +€334,458
- Cash -€87,976
down €87,976 (-18.6%), from €473,916 to €385,940
mainly Investment in fixed assets (net) (-€352,624) and Tax, wage and social debts (-€51,099)
- Receivables within one year +€19,999
up €19,999 (+95.9%), from €20,846 to €40,845
- Deferred charges and accrued income +€12,755
up €12,755 (+61.5%), from €20,739 to €33,494
- Debts after one year +€201,200
up €201,200 (+105.3%), from €190,986 to €392,186
- Reserves +€58,476
up €58,476 (+11.3%), from €516,074 to €574,550
- Tax, wage and social debts -€51,099
down €51,099 (-91.1%), from €56,082 to €4,983
of which Taxes: -€53,382
- Current portion of long-term debt +€31,144
up €31,144 (+129.2%), from €24,110 to €55,254
- Provisions +€24,889
up €24,889 (+22.4%), from €111,189 to €136,078
- Gross operating margin +€18,340
up €18,340 (+15.9%), from €115,210 to €133,550
- Financial income -€11,572
down €11,572 (-20.8%), from €55,562 to €43,990
- Staff costs +€6,739
new in 2025: €6,739
- Depreciation +€4,691
up €4,691 (+15.5%), from €30,241 to €34,932
- Financial charges +€3,170
up €3,170 (+98.4%), from €3,221 to €6,391
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 | €915,206 | €1,177,676 | +€262,470 | +28.7% |
| Fixed assets | 21/28 | €399,705 | €717,397 | +€317,692 | +79.5% |
| Tangible fixed assets | 22/27 | €222,162 | €539,702 | +€317,540 | +142.9% |
| Land and buildings | 22 | €189,469 | €523,927 | +€334,458 | +176.5% |
| Plant, machinery and equipment | 23 | €8,407 | €7,403 | -€1,004 | -11.9% |
| Furniture and vehicles | 24 | €24,286 | €8,372 | -€15,914 | -65.5% |
| Financial fixed assets | 28 | €177,543 | €177,695 | +€152 | +0.1% |
| Current assets | 29/58 | €515,501 | €460,279 | -€55,222 | -10.7% |
| Amounts receivable within one year | 40/41 | €20,846 | €40,845 | +€19,999 | +95.9% |
| Other amounts receivable | 41 | €20,846 | €40,845 | +€19,999 | +95.9% |
| Cash at bank and in hand | 54/58 | €473,916 | €385,940 | -€87,976 | -18.6% |
| Deferred charges and accrued income | 490/1 | €20,739 | €33,494 | +€12,755 | +61.5% |
| Total equity and liabilities | 10/49 | €915,206 | €1,177,676 | +€262,470 | +28.7% |
| Equity | 10/15 | €522,274 | €580,750 | +€58,476 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €516,074 | €574,550 | +€58,476 | +11.3% |
| Distributable reserves | 133 | €516,074 | €574,550 | +€58,476 | +11.3% |
| Provisions and deferred taxes | 16 | €111,189 | €136,078 | +€24,889 | +22.4% |
| Provisions for liabilities and charges | 160/5 | €111,189 | €136,078 | +€24,889 | +22.4% |
| Other liabilities and charges | 164/5 | €111,189 | €136,078 | +€24,889 | +22.4% |
| Amounts payable | 17/49 | €281,743 | €460,848 | +€179,105 | +63.6% |
| Amounts payable after more than one year | 17 | €190,986 | €392,186 | +€201,200 | +105.3% |
| Financial debts | 170/4 | €190,986 | €392,186 | +€201,200 | +105.3% |
| Amounts payable within one year | 42/48 | €90,757 | €68,662 | -€22,095 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €24,110 | €55,254 | +€31,144 | +129.2% |
| Trade debts | 44 | €10,565 | €8,425 | -€2,140 | -20.3% |
| Suppliers | 440/4 | €10,565 | €8,425 | -€2,140 | -20.3% |
| Taxes, remuneration and social security | 45 | €56,082 | €4,983 | -€51,099 | -91.1% |
| Taxes | 450/3 | €56,082 | €2,700 | -€53,382 | -95.2% |
| Remuneration and social security | 454/9 | - | €2,283 | +€2,283 | |
| Remuneration, social security and pensions | 62 | - | €6,739 | +€6,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,241 | €34,932 | +€4,691 | +15.5% |
| Other operating charges | 640/8 | €4,879 | €4,629 | -€250 | -5.1% |
| Non-recurring operating charges | 66A | €27,996 | €24,889 | -€3,107 | -11.1% |
| Gross operating margin | 9900 | €115,210 | €133,550 | +€18,340 | +15.9% |
| Operating profit (loss) | 9901 | €52,094 | €62,361 | +€10,267 | +19.7% |
| Financial income | 75/76B | €55,562 | €43,990 | -€11,572 | -20.8% |
| Recurring financial income | 75 | €55,562 | €43,990 | -€11,572 | -20.8% |
| Financial charges | 65/66B | €3,221 | €6,391 | +€3,170 | +98.4% |
| Recurring financial charges | 65 | €3,221 | €6,391 | +€3,170 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €104,435 | €99,960 | -€4,475 | -4.3% |
| Income taxes | 67/77 | €23,277 | €23,484 | +€207 | +0.9% |
| Profit (loss) for the period | 9904 | €81,158 | €76,476 | -€4,682 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,158 | €76,476 | -€4,682 | -5.8% |
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 28 September 2026 via checked.be.