BROUDO: what changed
Two fiscal 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.
BROUDO
Largest movements
- Current investments -€400,000
down €400,000 (-57.1%), from €700,000 to €300,000
- Tangible fixed assets -€242,750
down €242,750 (-13.2%), from €1.8m to €1.6m
of which Land and buildings: -€238,615
- Cash +€41,951
up €41,951 (+7919.3%), from €530 to €42,481
mainly Current investments (+€400,000) and Investment in fixed assets (net) (+€176,058)
- Intangible fixed assets -€36,867
down €36,867 (-50.0%), from €73,733 to €36,867
- Debts after one year -€504,197
down €504,197 (-26.2%), from €1.9m to €1.4m
of which Financial debts: -€401,578
- Current portion of long-term debt -€52,002
down €52,002 (-47.3%), from €109,980 to €57,979
- Reserves -€48,296
down €48,296 (-13.5%), from €357,963 to €309,667
of which Tax-exempt reserves: -€47,312
- Gross operating margin -€13,537
down €13,537 (-14.7%), from €92,121 to €78,584
- Depreciation -€11,606
down €11,606 (-10.1%), from €115,165 to €103,559
- Taxes -€3,664
down €3,664 (-22.0%), from €16,630 to €12,966
- Other operating charges +€3,354
up €3,354 (+96.9%), from €3,461 to €6,814
- Financial income -€3,222
down €3,222 (-15.4%), from €20,953 to €17,732
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 | €2,624,532 | €1,983,286 | -€641,246 | -24.4% |
| Fixed assets | 21/28 | €1,917,098 | €1,637,481 | -€279,617 | -14.6% |
| Intangible fixed assets | 21 | €73,733 | €36,867 | -€36,867 | -50.0% |
| Tangible fixed assets | 22/27 | €1,843,365 | €1,600,614 | -€242,750 | -13.2% |
| Land and buildings | 22 | €1,838,948 | €1,600,333 | -€238,615 | -13.0% |
| Furniture and vehicles | 24 | - | €282 | +€282 | |
| Leasing and similar rights | 25 | €4,417 | €0 | -€4,417 | -100.0% |
| Current assets | 29/58 | €707,434 | €345,805 | -€361,629 | -51.1% |
| Amounts receivable within one year | 40/41 | €3,454 | €104 | -€3,350 | -97.0% |
| Trade receivables | 40 | €2,674 | €0 | -€2,674 | -100.0% |
| Other amounts receivable | 41 | €781 | €104 | -€676 | -86.6% |
| Current investments | 50/53 | €700,000 | €300,000 | -€400,000 | -57.1% |
| Cash at bank and in hand | 54/58 | €530 | €42,481 | +€41,951 | +7919.3% |
| Deferred charges and accrued income | 490/1 | €3,449 | €3,220 | -€229 | -6.7% |
| Total equity and liabilities | 10/49 | €2,624,532 | €1,983,286 | -€641,246 | -24.4% |
| Equity | 10/15 | €537,370 | €481,349 | -€56,021 | -10.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | €104,406 | €96,681 | -€7,725 | -7.4% |
| Reserves | 13 | €357,963 | €309,667 | -€48,296 | -13.5% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,652 | €42,341 | -€47,312 | -52.8% |
| Distributable reserves | 133 | €260,811 | €259,827 | -€984 | -0.4% |
| Provisions and deferred taxes | 16 | €29,884 | €14,113 | -€15,771 | -52.8% |
| Deferred taxes | 168 | €29,884 | €14,113 | -€15,771 | -52.8% |
| Amounts payable | 17/49 | €2,057,278 | €1,487,824 | -€569,454 | -27.7% |
| Amounts payable after more than one year | 17 | €1,926,874 | €1,422,677 | -€504,197 | -26.2% |
| Financial debts | 170/4 | €1,431,809 | €1,030,231 | -€401,578 | -28.0% |
| Other amounts payable | 178/9 | €495,065 | €392,446 | -€102,619 | -20.7% |
| Amounts payable within one year | 42/48 | €124,160 | €62,626 | -€61,534 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €109,980 | €57,979 | -€52,002 | -47.3% |
| Trade debts | 44 | €7,207 | €0 | -€7,207 | -100.0% |
| Suppliers | 440/4 | €7,207 | €0 | -€7,207 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,972 | €4,647 | -€2,325 | -33.4% |
| Taxes | 450/3 | €6,972 | €4,647 | -€2,325 | -33.4% |
| Accrued charges and deferred income | 492/3 | €6,244 | €2,521 | -€3,723 | -59.6% |
| Non-recurring operating income | 76A | €26,652 | €21,570 | -€5,083 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,165 | €103,559 | -€11,606 | -10.1% |
| Other operating charges | 640/8 | €3,461 | €6,814 | +€3,354 | +96.9% |
| Non-recurring operating charges | 66A | €5,204 | €0 | -€5,204 | -100.0% |
| Gross operating margin | 9900 | €92,121 | €78,584 | -€13,537 | -14.7% |
| Operating profit (loss) | 9901 | -€31,709 | -€31,790 | -€81 | -0.3% |
| Financial income | 75/76B | €20,953 | €17,732 | -€3,222 | -15.4% |
| Recurring financial income | 75 | €20,953 | €17,732 | -€3,222 | -15.4% |
| Financial charges | 65/66B | €39,224 | €37,042 | -€2,182 | -5.6% |
| Recurring financial charges | 65 | €39,224 | €37,042 | -€2,182 | -5.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€49,980 | -€51,100 | -€1,121 | -2.2% |
| Transfer from deferred taxes | 780 | €15,771 | €15,771 | = | 0.0% |
| Income taxes | 67/77 | €16,630 | €12,966 | -€3,664 | -22.0% |
| Profit (loss) for the period | 9904 | -€50,839 | -€48,296 | +€2,543 | +5.0% |
| Transfer from tax-exempt reserves | 789 | €47,312 | €47,312 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,528 | -€984 | +€2,543 | +72.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.