Brouckaert: 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.
Brouckaert
Largest movements
- Cash +€69,731
up €69,731 (+174.7%), from €39,920 to €109,650
mainly Other debts (+€134,894) and Depreciation (+€83,186)
- Tangible fixed assets -€41,422
down €41,422 (-5.6%), from €738,407 to €696,985
- Receivables within one year -€22,403
down €22,403 (-66.3%), from €33,787 to €11,384
of which Other amounts receivable: -€20,384
- Other debts +€134,894
up €134,894 (+1537.2%), from €8,775 to €143,669
- Reserves -€110,226
down €110,226 (-26.9%), from €409,644 to €299,419
of which Distributable reserves: -€110,226
- Debts after one year -€26,222
down €26,222 (-10.4%), from €252,788 to €226,566
of which Financial debts: -€17,136
- Staff costs -€17,094
down €17,094 (-24.8%), from €69,019 to €51,925
- Depreciation -€12,486
down €12,486 (-13.1%), from €95,672 to €83,186
- Taxes +€6,042
up €6,042 (+119.9%), from €5,041 to €11,082
- Financial income -€2,084
down €2,084 (-70.4%), from €2,963 to €878
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 | €845,551 | €851,554 | +€6,002 | +0.7% |
| Fixed assets | 21/28 | €738,407 | €696,985 | -€41,422 | -5.6% |
| Tangible fixed assets | 22/27 | €738,407 | €696,985 | -€41,422 | -5.6% |
| Land and buildings | 22 | €611,317 | €601,301 | -€10,016 | -1.6% |
| Plant, machinery and equipment | 23 | €61,335 | €47,033 | -€14,302 | -23.3% |
| Furniture and vehicles | 24 | €65,755 | €48,651 | -€17,104 | -26.0% |
| Current assets | 29/58 | €107,144 | €154,568 | +€47,424 | +44.3% |
| Stocks and contracts in progress | 3 | €23,700 | €17,983 | -€5,717 | -24.1% |
| Stocks | 30/36 | €23,700 | €17,983 | -€5,717 | -24.1% |
| Amounts receivable within one year | 40/41 | €33,787 | €11,384 | -€22,403 | -66.3% |
| Trade receivables | 40 | €9,007 | €6,988 | -€2,019 | -22.4% |
| Other amounts receivable | 41 | €24,780 | €4,396 | -€20,384 | -82.3% |
| Current investments | 50/53 | €1,181 | €7,098 | +€5,917 | +500.8% |
| Cash at bank and in hand | 54/58 | €39,920 | €109,650 | +€69,731 | +174.7% |
| Deferred charges and accrued income | 490/1 | €8,556 | €8,454 | -€103 | -1.2% |
| Total equity and liabilities | 10/49 | €845,551 | €851,554 | +€6,002 | +0.7% |
| Equity | 10/15 | €515,251 | €404,555 | -€110,696 | -21.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €409,644 | €299,419 | -€110,226 | -26.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,900 | €17,900 | = | 0.0% |
| Distributable reserves | 133 | €381,744 | €271,519 | -€110,226 | -28.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €5,607 | €5,136 | -€470 | -8.4% |
| Provisions and deferred taxes | 16 | €1,452 | €1,334 | -€118 | -8.1% |
| Deferred taxes | 168 | €1,452 | €1,334 | -€118 | -8.1% |
| Amounts payable | 17/49 | €328,849 | €445,665 | +€116,816 | +35.5% |
| Amounts payable after more than one year | 17 | €252,788 | €226,566 | -€26,222 | -10.4% |
| Financial debts | 170/4 | €105,372 | €88,235 | -€17,136 | -16.3% |
| Other amounts payable | 178/9 | €147,416 | €138,331 | -€9,085 | -6.2% |
| Amounts payable within one year | 42/48 | €73,832 | €216,293 | +€142,461 | +193.0% |
| Current portion of amounts payable after more than one year | 42 | €16,571 | €17,136 | +€566 | +3.4% |
| Trade debts | 44 | €35,012 | €35,336 | +€325 | +0.9% |
| Suppliers | 440/4 | €35,012 | €35,336 | +€325 | +0.9% |
| Taxes, remuneration and social security | 45 | €13,474 | €20,151 | +€6,676 | +49.5% |
| Taxes | 450/3 | €6,394 | €12,766 | +€6,371 | +99.6% |
| Remuneration and social security | 454/9 | €7,080 | €7,385 | +€305 | +4.3% |
| Other amounts payable | 47/48 | €8,775 | €143,669 | +€134,894 | +1537.2% |
| Accrued charges and deferred income | 492/3 | €2,229 | €2,806 | +€577 | +25.9% |
| Non-recurring operating income | 76A | €6,008 | €5,568 | -€440 | -7.3% |
| Remuneration, social security and pensions | 62 | €69,019 | €51,925 | -€17,094 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,672 | €83,186 | -€12,486 | -13.1% |
| Other operating charges | 640/8 | €8,361 | €9,276 | +€915 | +10.9% |
| Non-recurring operating charges | 66A | €2,619 | €3,098 | +€478 | +18.3% |
| Gross operating margin | 9900 | €208,171 | €207,364 | -€806 | -0.4% |
| Operating profit (loss) | 9901 | €32,499 | €59,880 | +€27,380 | +84.2% |
| Financial income | 75/76B | €2,963 | €878 | -€2,084 | -70.4% |
| Recurring financial income | 75 | €2,963 | €878 | -€2,084 | -70.4% |
| Financial charges | 65/66B | €18,185 | €16,419 | -€1,766 | -9.7% |
| Recurring financial charges | 65 | €18,185 | €16,419 | -€1,766 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €17,277 | €44,339 | +€27,062 | +156.6% |
| Transfer from deferred taxes | 780 | €118 | €118 | = | 0.0% |
| Income taxes | 67/77 | €5,041 | €11,082 | +€6,042 | +119.9% |
| Profit (loss) for the period | 9904 | €12,354 | €33,374 | +€21,021 | +170.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,354 | €33,374 | +€21,021 | +170.2% |
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 11 October 2026 via checked.be.