DE BROEDERS: 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.
DE BROEDERS
Largest movements
- Stocks and contracts +€303,905
new in 2025: €303,905
- Receivables within one year +€97,493
up €97,493 (+27,081%), from €360 to €97,853
of which Trade receivables: +€89,064
- Tangible fixed assets +€66,944
up €66,944 (+9.3%), from €719,363 to €786,307
of which Land and buildings: +€67,594
- Cash +€60,898
up €60,898 (+6,294%), from €968 to €61,866
mainly Other debts (+€432,290) and Debts after one year (+€157,921)
- Other debts +€432,290
new in 2025: €432,290
- Debts after one year +€157,921
up €157,921 (+75.2%), from €210,000 to €367,921
- Profit (loss) carried forward -€62,648
down €62,648 (-20.5%), from -€306,140 to -€368,787
- Current portion of long-term debt +€20,067
new in 2025: €20,067
- Other operating charges -€44,763
down €44,763 (-97.9%), from €45,718 to €955
- Financial charges +€33,267
up €33,267 (+152%), from €21,820 to €55,086
- Gross operating margin +€13,159
up €13,159 (+72.8%), from -€18,085 to -€4,926
- Financial income +€2,792
up €2,792, from €0 to €2,792
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 | €720,690 | €1,249,931 | +€529,241 | +73.4% |
| Fixed assets | 21/28 | €719,363 | €786,307 | +€66,944 | +9.3% |
| Tangible fixed assets | 22/27 | €719,363 | €786,307 | +€66,944 | +9.3% |
| Land and buildings | 22 | €713,783 | €781,377 | +€67,594 | +9.5% |
| Furniture and vehicles | 24 | €5,579 | €4,929 | -€650 | -11.7% |
| Current assets | 29/58 | €1,328 | €463,624 | +€462,296 | +34,824% |
| Stocks and contracts in progress | 3 | - | €303,905 | +€303,905 | |
| Stocks | 30/36 | - | €303,905 | +€303,905 | |
| Amounts receivable within one year | 40/41 | €360 | €97,853 | +€97,493 | +27,081% |
| Trade receivables | 40 | - | €89,064 | +€89,064 | |
| Other amounts receivable | 41 | €360 | €8,789 | +€8,429 | +2,341% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €968 | €61,866 | +€60,898 | +6,294% |
| Total equity and liabilities | 10/49 | €720,690 | €1,249,931 | +€529,241 | +73.4% |
| Equity | 10/15 | €321,450 | €246,447 | -€75,003 | -23.3% |
| Contributions | 10/11 | €81,973 | €81,973 | = | 0.0% |
| Reserves | 13 | €545,616 | €533,261 | -€12,356 | -2.3% |
| Tax-exempt reserves | 132 | €545,616 | €533,261 | -€12,356 | -2.3% |
| Profit (loss) carried forward | 14 | -€306,140 | -€368,787 | -€62,648 | -20.5% |
| Provisions and deferred taxes | 16 | €181,872 | €177,754 | -€4,119 | -2.3% |
| Deferred taxes | 168 | €181,872 | €177,754 | -€4,119 | -2.3% |
| Amounts payable | 17/49 | €217,368 | €825,730 | +€608,362 | +280% |
| Amounts payable after more than one year | 17 | €210,000 | €367,921 | +€157,921 | +75.2% |
| Financial debts | 170/4 | €210,000 | €367,921 | +€157,921 | +75.2% |
| Amounts payable within one year | 42/48 | €7,368 | €457,809 | +€450,441 | +6,114% |
| Current portion of amounts payable after more than one year | 42 | - | €20,067 | +€20,067 | |
| Trade debts | 44 | €7,368 | €1,945 | -€5,423 | -73.6% |
| Suppliers | 440/4 | €7,368 | €1,945 | -€5,423 | -73.6% |
| Taxes, remuneration and social security | 45 | €0 | €3,507 | +€3,507 | |
| Taxes | 450/3 | €0 | €3,507 | +€3,507 | |
| Other amounts payable | 47/48 | - | €432,290 | +€432,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,947 | €20,947 | +€0 | 0.0% |
| Other operating charges | 640/8 | €45,718 | €955 | -€44,763 | -97.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€18,085 | -€4,926 | +€13,159 | +72.8% |
| Operating profit (loss) | 9901 | -€84,749 | -€26,827 | +€57,922 | +68.3% |
| Financial income | 75/76B | €0 | €2,792 | +€2,792 | |
| Recurring financial income | 75 | €0 | €2,792 | +€2,792 | |
| Financial charges | 65/66B | €21,820 | €55,086 | +€33,267 | +152% |
| Recurring financial charges | 65 | €21,820 | €55,086 | +€33,267 | +152% |
| Profit (loss) for the period before taxes | 9903 | -€106,569 | -€79,122 | +€27,448 | +25.8% |
| Transfer from deferred taxes | 780 | €4,119 | €4,119 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€102,451 | -€75,003 | +€27,448 | +26.8% |
| Transfer from tax-exempt reserves | 789 | €12,356 | €12,356 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,095 | -€62,648 | +€27,448 | +30.5% |
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 27 October 2026 via checked.be.