Broodback: 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.
Broodback
Largest movements
- Tangible fixed assets +€393,906
up €393,906 (+410.4%), from €95,987 to €489,893
of which Plant, machinery and equipment: +€219,542
- Cash -€362,456
down €362,456 (-79.7%), from €455,009 to €92,553
- Current investments -€29,317
down €29,317 (-51.0%), from €57,477 to €28,159
- Other debts -€288,320
down €288,320 (-82.9%), from €347,636 to €59,316
- Debts after one year +€156,946
new in 2025: €156,946
- Reserves +€96,310
up €96,310 (+36.8%), from €261,785 to €358,095
of which Distributable reserves: +€98,170
- Tax, wage and social debts +€16,275
up €16,275 (+337.4%), from €4,823 to €21,099
of which Taxes: +€12,845
- Current portion of long-term debt +€15,507
new in 2025: €15,507
- Gross operating margin +€210,569
up €210,569, from -€48,948 to €161,622
- Depreciation +€26,810
up €26,810 (+217.7%), from €12,316 to €39,126
- Taxes +€12,949
up €12,949 (+3377.8%), from €383 to €13,333
- Financial charges +€8,362
up €8,362 (+3370.9%), from €248 to €8,610
- Other operating charges +€2,295
up €2,295 (+134.8%), from €1,703 to €3,998
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €637,302 | €629,563 | -€7,739 | -1.2% |
| Fixed assets | 21/28 | €96,242 | €490,148 | +€393,906 | +409.3% |
| Tangible fixed assets | 22/27 | €95,987 | €489,893 | +€393,906 | +410.4% |
| Land and buildings | 22 | €35,453 | €36,878 | +€1,426 | +4.0% |
| Plant, machinery and equipment | 23 | €25,610 | €245,152 | +€219,542 | +857.3% |
| Furniture and vehicles | 24 | €237 | - | -€237 | |
| Other tangible fixed assets | 26 | €34,688 | €207,862 | +€173,174 | +499.2% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €541,060 | €139,415 | -€401,645 | -74.2% |
| Amounts receivable within one year | 40/41 | €21,338 | €17,146 | -€4,192 | -19.6% |
| Trade receivables | 40 | €19,146 | €17,048 | -€2,098 | -11.0% |
| Other amounts receivable | 41 | €2,193 | €99 | -€2,094 | -95.5% |
| Current investments | 50/53 | €57,477 | €28,159 | -€29,317 | -51.0% |
| Cash at bank and in hand | 54/58 | €455,009 | €92,553 | -€362,456 | -79.7% |
| Deferred charges and accrued income | 490/1 | €7,236 | €1,556 | -€5,679 | -78.5% |
| Total equity and liabilities | 10/49 | €637,302 | €629,563 | -€7,739 | -1.2% |
| Equity | 10/15 | €280,385 | €376,695 | +€96,310 | +34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €261,785 | €358,095 | +€96,310 | +36.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €259,925 | €358,095 | +€98,170 | +37.8% |
| Amounts payable | 17/49 | €356,917 | €252,868 | -€104,050 | -29.2% |
| Amounts payable after more than one year | 17 | - | €156,946 | +€156,946 | |
| Financial debts | 170/4 | - | €156,946 | +€156,946 | |
| Amounts payable within one year | 42/48 | €356,917 | €95,922 | -€260,995 | -73.1% |
| Current portion of amounts payable after more than one year | 42 | - | €15,507 | +€15,507 | |
| Trade debts | 44 | €4,458 | - | -€4,458 | |
| Suppliers | 440/4 | €4,458 | - | -€4,458 | |
| Taxes, remuneration and social security | 45 | €4,823 | €21,099 | +€16,275 | +337.4% |
| Taxes | 450/3 | €383 | €13,228 | +€12,845 | +3350.6% |
| Remuneration and social security | 454/9 | €4,440 | €7,871 | +€3,431 | +77.3% |
| Other amounts payable | 47/48 | €347,636 | €59,316 | -€288,320 | -82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,316 | €39,126 | +€26,810 | +217.7% |
| Other operating charges | 640/8 | €1,703 | €3,998 | +€2,295 | +134.8% |
| Non-recurring operating charges | 66A | - | €663 | +€663 | |
| Gross operating margin | 9900 | -€48,948 | €161,622 | +€210,569 | |
| Operating profit (loss) | 9901 | -€62,967 | €117,834 | +€180,801 | |
| Financial income | 75/76B | €1,115 | €419 | -€696 | -62.4% |
| Recurring financial income | 75 | €1,115 | €419 | -€696 | -62.4% |
| Financial charges | 65/66B | €248 | €8,610 | +€8,362 | +3370.9% |
| Recurring financial charges | 65 | €248 | €8,610 | +€8,362 | +3370.9% |
| Profit (loss) for the period before taxes | 9903 | -€62,100 | €109,643 | +€171,743 | |
| Income taxes | 67/77 | €383 | €13,333 | +€12,949 | +3377.8% |
| Profit (loss) for the period | 9904 | -€62,483 | €96,310 | +€158,794 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,483 | €96,310 | +€158,794 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.