CEDRIC BROUX: 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.
CEDRIC BROUX
Largest movements
- Receivables within one year +€29,329
up €29,329 (+63.8%), from €45,984 to €75,313
of which Trade receivables: +€32,113
- Current investments +€12,000
up €12,000 (+600%), from €2,000 to €14,000
- Tangible fixed assets +€7,555
up €7,555 (+421%), from €1,795 to €9,350
of which Furniture and vehicles: +€8,199
- Deferred charges and accrued income -€2,120
down €2,120 (-100%), from €2,120 to €0
- Reserves +€37,765
up €37,765 (+86.0%), from €43,898 to €81,663
- Advances received +€10,000
new in 2025: €10,000
- Trade debts -€2,608
down €2,608 (-87.7%), from €2,974 to €366
- Other debts +€1,702
up €1,702 (+13.6%), from €12,542 to €14,244
- Gross operating margin +€47,606
up €47,606 (+977%), from €4,872 to €52,478
- Taxes +€9,211
up €9,211 (+849%), from €1,085 to €10,296
- Financial income -€2,272
down €2,272 (-86.2%), from €2,635 to €363
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,368 | €109,221 | +€45,854 | +72.4% |
| Fixed assets | 21/28 | €1,795 | €9,350 | +€7,555 | +421% |
| Tangible fixed assets | 22/27 | €1,795 | €9,350 | +€7,555 | +421% |
| Furniture and vehicles | 24 | €1,151 | €9,350 | +€8,199 | +712% |
| Other tangible fixed assets | 26 | €644 | €0 | -€644 | -100% |
| Current assets | 29/58 | €61,573 | €99,871 | +€38,298 | +62.2% |
| Amounts receivable within one year | 40/41 | €45,984 | €75,313 | +€29,329 | +63.8% |
| Trade receivables | 40 | €15,887 | €48,000 | +€32,113 | +202% |
| Other amounts receivable | 41 | €30,097 | €27,313 | -€2,784 | -9.3% |
| Current investments | 50/53 | €2,000 | €14,000 | +€12,000 | +600% |
| Cash at bank and in hand | 54/58 | €11,468 | €10,558 | -€910 | -7.9% |
| Deferred charges and accrued income | 490/1 | €2,120 | €0 | -€2,120 | -100% |
| Total equity and liabilities | 10/49 | €63,368 | €109,221 | +€45,854 | +72.4% |
| Equity | 10/15 | €45,898 | €83,663 | +€37,765 | +82.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,898 | €81,663 | +€37,765 | +86.0% |
| Distributable reserves | 133 | €43,898 | €81,663 | +€37,765 | +86.0% |
| Amounts payable | 17/49 | €17,470 | €25,558 | +€8,088 | +46.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €16,486 | €24,610 | +€8,124 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €969 | €0 | -€969 | -100% |
| Trade debts | 44 | €2,974 | €366 | -€2,608 | -87.7% |
| Suppliers | 440/4 | €2,974 | €366 | -€2,608 | -87.7% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,542 | €14,244 | +€1,702 | +13.6% |
| Accrued charges and deferred income | 492/3 | €984 | €948 | -€36 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,400 | €2,946 | -€454 | -13.3% |
| Other operating charges | 640/8 | €449 | €537 | +€87 | +19.4% |
| Gross operating margin | 9900 | €4,872 | €52,478 | +€47,606 | +977% |
| Operating profit (loss) | 9901 | €1,023 | €48,995 | +€47,973 | +4,691% |
| Financial income | 75/76B | €2,635 | €363 | -€2,272 | -86.2% |
| Recurring financial income | 75 | €2,635 | €363 | -€2,272 | -86.2% |
| Financial charges | 65/66B | €1,750 | €1,297 | -€453 | -25.9% |
| Recurring financial charges | 65 | €1,750 | €1,297 | -€453 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €1,907 | €48,061 | +€46,154 | +2,420% |
| Income taxes | 67/77 | €1,085 | €10,296 | +€9,211 | +849% |
| Profit (loss) for the period | 9904 | €822 | €37,765 | +€36,943 | +4,492% |
| Profit (loss) for the period to be appropriated | 9905 | €822 | €37,765 | +€36,943 | +4,492% |
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 19 October 2026 via checked.be.