BRONCKX: 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.
What changed
BRONCKX
NACE 64.210, Activities of holding companies
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€14,386
31-12-2024 · €36,476-€22,090
Equity
€1.2m
31-12-2024 · €1.2m+€14,386
Cash
€767
31-12-2024 · €1,333-€566
Balance sheet total
€7.6m
31-12-2024 · €5.2m+€2.4m
Largest movements
Assets
- Receivables within one year +€2.4m
up €2.4m (+239,115%), from €1,019 to €2.4m
of which Other amounts receivable: +€2.4m
Equity and liabilities
- Other debts +€2.2m
up €2.2m (+82.4%), from €2.7m to €4.9m
- Trade debts +€193,174
up €193,174 (+52.5%), from €368,288 to €561,462
Income statement
- Gross operating margin +€123,687
up €123,687 (+165%), from €75,035 to €198,722
- Financial charges +€86,916
up €86,916 (+282%), from €30,796 to €117,712
- Staff costs +€73,571
new in 2025: €73,571
- Financial income +€12,164
up €12,164 (+1,644%), from €740 to €12,904
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€36,476
Gross operating margin
+€123,687
Staff costs
-€73,571
Depreciation
+€995
Financial income
+€12,164
Financial charges
-€86,916
Taxes
+€1,552
Result 31-12-2025
€14,386
raises the resultlowers the result
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€432
Investment
-€997
Financing
€0
Cash 31-12-2024
€1,333
From operations (derived)
+€432
Net result for the year
+€14,386
Depreciation
+€207
Receivables within one year
-€2.4m
Smaller working-capital items
+€120
Trade debts
+€193,174
Tax, wage and social debts
+€6,927
Other debts
+€2.2m
Investment (derived)
-€997
Investment in fixed assets (net)
-€997
Cash 31-12-2025
€767
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,205,646 | €7,641,236 | +€2.4m | +46.8% |
| Fixed assets | 21/28 | €5,201,681 | €5,202,472 | +€790 | 0.0% |
| Tangible fixed assets | 22/27 | €99 | €869 | +€770 | +778% |
| Plant, machinery and equipment | 23 | €99 | €57 | -€42 | -42.5% |
| Furniture and vehicles | 24 | €0 | €812 | +€812 | |
| Financial fixed assets | 28 | €5,201,583 | €5,201,603 | +€21 | 0.0% |
| Current assets | 29/58 | €3,964 | €2,438,765 | +€2.4m | +61,420% |
| Amounts receivable within one year | 40/41 | €1,019 | €2,436,645 | +€2.4m | +239,115% |
| Trade receivables | 40 | €111 | €5,761 | +€5,651 | +5,111% |
| Other amounts receivable | 41 | €908 | €2,430,884 | +€2.4m | +267,604% |
| Cash at bank and in hand | 54/58 | €1,333 | €767 | -€566 | -42.4% |
| Deferred charges and accrued income | 490/1 | €1,613 | €1,352 | -€261 | -16.2% |
| Total equity and liabilities | 10/49 | €5,205,646 | €7,641,236 | +€2.4m | +46.8% |
| Equity | 10/15 | €1,228,913 | €1,243,299 | +€14,386 | +1.2% |
| Contributions | 10/11 | €537,600 | €537,600 | = | 0.0% |
| Reserves | 13 | €107,661 | €107,661 | = | 0.0% |
| Distributable reserves | 133 | €107,661 | €107,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | €583,652 | €598,038 | +€14,386 | +2.5% |
| Amounts payable | 17/49 | €3,976,733 | €6,397,937 | +€2.4m | +60.9% |
| Amounts payable after more than one year | 17 | €904,915 | €904,915 | = | 0.0% |
| Financial debts | 170/4 | €904,915 | €904,915 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,071,256 | €5,492,601 | +€2.4m | +78.8% |
| Trade debts | 44 | €368,288 | €561,462 | +€193,174 | +52.5% |
| Suppliers | 440/4 | €368,288 | €561,462 | +€193,174 | +52.5% |
| Taxes, remuneration and social security | 45 | €7,125 | €14,052 | +€6,927 | +97.2% |
| Taxes | 450/3 | €7,125 | €5,520 | -€1,604 | -22.5% |
| Remuneration and social security | 454/9 | - | €8,532 | +€8,532 | |
| Other amounts payable | 47/48 | €2,695,843 | €4,917,087 | +€2.2m | +82.4% |
| Accrued charges and deferred income | 492/3 | €562 | €421 | -€141 | -25.1% |
| Non-recurring operating income | 76A | €18,550 | €0 | -€18,550 | -100% |
| Remuneration, social security and pensions | 62 | - | €73,571 | +€73,571 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,202 | €207 | -€995 | -82.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €220 | €220 | = | 0.0% |
| Gross operating margin | 9900 | €75,035 | €198,722 | +€123,687 | +165% |
| Operating profit (loss) | 9901 | €73,613 | €124,724 | +€51,111 | +69.4% |
| Financial income | 75/76B | €740 | €12,904 | +€12,164 | +1,644% |
| Recurring financial income | 75 | €740 | €12,904 | +€12,164 | +1,644% |
| Financial charges | 65/66B | €30,796 | €117,712 | +€86,916 | +282% |
| Recurring financial charges | 65 | €30,796 | €117,712 | +€86,916 | +282% |
| Profit (loss) for the period before taxes | 9903 | €43,557 | €19,916 | -€23,642 | -54.3% |
| Income taxes | 67/77 | €7,081 | €5,529 | -€1,552 | -21.9% |
| Profit (loss) for the period | 9904 | €36,476 | €14,386 | -€22,090 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,476 | €14,386 | -€22,090 | -60.6% |
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 16 October 2026 via checked.be.