BROOKHOF: 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
BROOKHOF
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€127,831
2024 · €76,172+€51,659
Equity
€2.7m
2024 · €2.6m+€127,831
Cash
€15,272
2024 · €15,694-€422
Balance sheet total
€4.7m
2024 · €4.8m-€92,194
Largest movements
Assets
- Tangible fixed assets -€88,196
down €88,196 (-1.9%), from €4.8m to €4.7m
of which Plant, machinery and equipment: -€52,715
Equity and liabilities
- Debts after one year -€162,368
down €162,368 (-8.8%), from €1.8m to €1.7m
of which Financial debts: -€158,472
- Reserves +€127,831
up €127,831 (+31.4%), from €407,357 to €535,188
Income statement
- Gross operating margin +€86,727
up €86,727 (+34.5%), from €251,280 to €338,008
- Taxes +€20,786
up €20,786 (+79.4%), from €26,176 to €46,962
- Staff costs +€19,929
up €19,929 (+188%), from €10,605 to €30,534
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.
Result 2024
€76,172
Gross operating margin
+€86,727
Staff costs
-€19,929
Depreciation
+€2,569
Other operating charges
+€51
Financial income
-€0
Financial charges
+€3,026
Taxes
-€20,786
Result 2025
€127,831
raises the resultlowers the result
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.
From operations
+€178,417
Investment
-€4,972
Financing
-€173,867
Cash 2024
€15,694
From operations (derived)
+€178,417
Net result for the year
+€127,831
Depreciation
+€93,167
Receivables within one year
+€3,887
Smaller working-capital items
+€41
Trade debts
-€16,749
Tax, wage and social debts
-€21,809
Advances received
-€9,700
Other debts
+€1,749
Investment (derived)
-€4,972
Investment in fixed assets (net)
-€4,972
Financing
-€173,867
Debts after one year
-€162,368
Current portion of long-term debt
-€11,498
Cash 2025
€15,272
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,812,138 | €4,719,944 | -€92,194 | -1.9% |
| Fixed assets | 21/28 | €4,756,343 | €4,668,147 | -€88,196 | -1.9% |
| Tangible fixed assets | 22/27 | €4,756,343 | €4,668,147 | -€88,196 | -1.9% |
| Land and buildings | 22 | €4,507,419 | €4,476,105 | -€31,314 | -0.7% |
| Plant, machinery and equipment | 23 | €238,851 | €186,136 | -€52,715 | -22.1% |
| Furniture and vehicles | 24 | €10,072 | €5,905 | -€4,167 | -41.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €55,796 | €51,797 | -€3,998 | -7.2% |
| Amounts receivable within one year | 40/41 | €37,706 | €33,819 | -€3,887 | -10.3% |
| Trade receivables | 40 | €32,439 | €28,522 | -€3,918 | -12.1% |
| Other amounts receivable | 41 | €5,267 | €5,298 | +€31 | +0.6% |
| Cash at bank and in hand | 54/58 | €15,694 | €15,272 | -€422 | -2.7% |
| Deferred charges and accrued income | 490/1 | €2,396 | €2,706 | +€310 | +13.0% |
| Total equity and liabilities | 10/49 | €4,812,138 | €4,719,944 | -€92,194 | -1.9% |
| Equity | 10/15 | €2,605,357 | €2,733,188 | +€127,831 | +4.9% |
| Contributions | 10/11 | €2,198,000 | €2,198,000 | = | 0.0% |
| Reserves | 13 | €407,357 | €535,188 | +€127,831 | +31.4% |
| Distributable reserves | 133 | €407,357 | €535,188 | +€127,831 | +31.4% |
| Amounts payable | 17/49 | €2,206,782 | €1,986,757 | -€220,025 | -10.0% |
| Amounts payable after more than one year | 17 | €1,848,963 | €1,686,595 | -€162,368 | -8.8% |
| Financial debts | 170/4 | €1,536,182 | €1,377,711 | -€158,472 | -10.3% |
| Other amounts payable | 178/9 | €312,781 | €308,885 | -€3,897 | -1.2% |
| Amounts payable within one year | 42/48 | €357,818 | €299,811 | -€58,008 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €169,970 | €158,472 | -€11,498 | -6.8% |
| Trade debts | 44 | €37,042 | €20,294 | -€16,749 | -45.2% |
| Suppliers | 440/4 | €37,042 | €20,294 | -€16,749 | -45.2% |
| Advances received on contracts in progress | 46 | €12,483 | €2,783 | -€9,700 | -77.7% |
| Taxes, remuneration and social security | 45 | €31,334 | €9,525 | -€21,809 | -69.6% |
| Taxes | 450/3 | €26,561 | €7,000 | -€19,561 | -73.6% |
| Remuneration and social security | 454/9 | €4,774 | €2,525 | -€2,248 | -47.1% |
| Other amounts payable | 47/48 | €106,988 | €108,737 | +€1,749 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €351 | +€351 | |
| Remuneration, social security and pensions | 62 | €10,605 | €30,534 | +€19,929 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,736 | €93,167 | -€2,569 | -2.7% |
| Other operating charges | 640/8 | €7,405 | €7,354 | -€51 | -0.7% |
| Gross operating margin | 9900 | €251,280 | €338,008 | +€86,727 | +34.5% |
| Operating profit (loss) | 9901 | €137,533 | €206,952 | +€69,419 | +50.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €35,185 | €32,159 | -€3,026 | -8.6% |
| Recurring financial charges | 65 | €35,185 | €32,159 | -€3,026 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €102,348 | €174,794 | +€72,445 | +70.8% |
| Income taxes | 67/77 | €26,176 | €46,962 | +€20,786 | +79.4% |
| Profit (loss) for the period | 9904 | €76,172 | €127,831 | +€51,659 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,172 | €127,831 | +€51,659 | +67.8% |
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 17 October 2026 via checked.be.