BRONDEL: what changed
BRONDEL
Largest movements
- Cash +€57,294
up €57,294 (+146%), from €39,355 to €96,648
mainly Net result for the year (+€45,538) and Other debts (+€42,594)
- Tangible fixed assets +€3,017
up €3,017 (+116%), from €2,611 to €5,628
of which Furniture and vehicles: +€2,418
- Deferred charges and accrued income +€2,875
new in 2025: €2,875
- Other debts +€42,594
up €42,594 (+391%), from €10,901 to €53,494
- Tax, wage and social debts +€15,694
up €15,694 (+162%), from €9,710 to €25,404
- Trade debts +€3,647
up €3,647 (+255%), from €1,429 to €5,076
- Reserves +€1,820
up €1,820 (+8.3%), from €22,056 to €23,876
- Gross operating margin +€44,662
up €44,662 (+204%), from €21,885 to €66,547
- Taxes +€11,983
up €11,983 (+199%), from €6,017 to €18,000
- Depreciation -€849
down €849 (-33.2%), from €2,554 to €1,705
- Other operating charges +€767
up €767 (+251%), from €305 to €1,072
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,096 | €109,850 | +€63,755 | +138% |
| Fixed assets | 21/28 | €2,611 | €5,828 | +€3,217 | +123% |
| Tangible fixed assets | 22/27 | €2,611 | €5,628 | +€3,017 | +116% |
| Plant, machinery and equipment | 23 | €833 | €1,431 | +€599 | +71.9% |
| Furniture and vehicles | 24 | €1,778 | €4,197 | +€2,418 | +136% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €43,484 | €104,022 | +€60,538 | +139% |
| Amounts receivable within one year | 40/41 | €4,130 | €4,499 | +€369 | +8.9% |
| Trade receivables | 40 | €4,130 | €4,499 | +€369 | +8.9% |
| Cash at bank and in hand | 54/58 | €39,355 | €96,648 | +€57,294 | +146% |
| Deferred charges and accrued income | 490/1 | - | €2,875 | +€2,875 | |
| Total equity and liabilities | 10/49 | €46,096 | €109,850 | +€63,755 | +138% |
| Equity | 10/15 | €24,056 | €25,876 | +€1,820 | +7.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €22,056 | €23,876 | +€1,820 | +8.3% |
| Distributable reserves | 133 | €22,056 | €23,876 | +€1,820 | +8.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,040 | €83,974 | +€61,934 | +281% |
| Amounts payable within one year | 42/48 | €22,040 | €83,974 | +€61,934 | +281% |
| Trade debts | 44 | €1,429 | €5,076 | +€3,647 | +255% |
| Suppliers | 440/4 | €1,429 | €5,076 | +€3,647 | +255% |
| Taxes, remuneration and social security | 45 | €9,710 | €25,404 | +€15,694 | +162% |
| Taxes | 450/3 | €9,710 | €25,404 | +€15,694 | +162% |
| Other amounts payable | 47/48 | €10,901 | €53,494 | +€42,594 | +391% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,554 | €1,705 | -€849 | -33.2% |
| Other operating charges | 640/8 | €305 | €1,072 | +€767 | +251% |
| Gross operating margin | 9900 | €21,885 | €66,547 | +€44,662 | +204% |
| Operating profit (loss) | 9901 | €19,026 | €63,770 | +€44,744 | +235% |
| Financial income | 75/76B | €5 | €3 | -€2 | -40.9% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -40.9% |
| Financial charges | 65/66B | €33 | €235 | +€202 | +614% |
| Recurring financial charges | 65 | €33 | €235 | +€202 | +614% |
| Profit (loss) for the period before taxes | 9903 | €18,998 | €63,538 | +€44,540 | +234% |
| Income taxes | 67/77 | €6,017 | €18,000 | +€11,983 | +199% |
| Profit (loss) for the period | 9904 | €12,982 | €45,538 | +€32,557 | +251% |
| Profit (loss) for the period to be appropriated | 9905 | €12,982 | €45,538 | +€32,557 | +251% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.