De Broers: 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 Broers
Largest movements
- Stocks and contracts +€170,554
up €170,554 (+830%), from €20,554 to €191,108
- Tangible fixed assets +€146,299
up €146,299 (+31.0%), from €471,697 to €617,996
- Debts after one year +€207,642
up €207,642 (+52.2%), from €397,661 to €605,303
- Other debts +€187,183
up €187,183 (+214%), from €87,300 to €274,483
- Profit (loss) carried forward -€79,334
down €79,334 (-41.0%), from -€193,420 to -€272,754
- Current portion of long-term debt +€25,995
up €25,995 (+65.2%), from €39,884 to €65,879
- Trade debts -€19,414
down €19,414 (-85.2%), from €22,798 to €3,385
- Write-downs +€61,669
no longer reported in 2025 (was -€61,669)
- Other operating charges -€55,173
down €55,173 (-82.1%), from €67,162 to €11,989
- Financial charges +€13,415
up €13,415 (+148%), from €9,038 to €22,454
- Gross operating margin +€13,216
up €13,216 (+56.9%), from -€23,232 to -€10,016
- Depreciation +€6,119
up €6,119 (+21.3%), from €28,756 to €34,875
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 | €494,730 | €823,664 | +€328,934 | +66.5% |
| Fixed assets | 21/28 | €471,697 | €617,996 | +€146,299 | +31.0% |
| Tangible fixed assets | 22/27 | €471,697 | €617,996 | +€146,299 | +31.0% |
| Land and buildings | 22 | €471,697 | €617,996 | +€146,299 | +31.0% |
| Current assets | 29/58 | €23,033 | €205,668 | +€182,635 | +793% |
| Stocks and contracts in progress | 3 | €20,554 | €191,108 | +€170,554 | +830% |
| Stocks | 30/36 | €20,554 | €191,108 | +€170,554 | +830% |
| Amounts receivable within one year | 40/41 | €1,806 | €9,320 | +€7,514 | +416% |
| Other amounts receivable | 41 | €1,806 | €9,320 | +€7,514 | +416% |
| Cash at bank and in hand | 54/58 | €673 | €5,241 | +€4,568 | +679% |
| Total equity and liabilities | 10/49 | €494,730 | €823,664 | +€328,934 | +66.5% |
| Equity | 10/15 | -€55,920 | -€135,254 | -€79,334 | -142% |
| Contributions | 10/11 | €137,500 | €137,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,420 | -€272,754 | -€79,334 | -41.0% |
| Amounts payable | 17/49 | €550,650 | €958,918 | +€408,269 | +74.1% |
| Amounts payable after more than one year | 17 | €397,661 | €605,303 | +€207,642 | +52.2% |
| Financial debts | 170/4 | €397,661 | €605,303 | +€207,642 | +52.2% |
| Amounts payable within one year | 42/48 | €150,807 | €344,571 | +€193,764 | +128% |
| Current portion of amounts payable after more than one year | 42 | €39,884 | €65,879 | +€25,995 | +65.2% |
| Trade debts | 44 | €22,798 | €3,385 | -€19,414 | -85.2% |
| Suppliers | 440/4 | €22,798 | €3,385 | -€19,414 | -85.2% |
| Taxes, remuneration and social security | 45 | €824 | €824 | = | 0.0% |
| Taxes | 450/3 | €824 | €824 | = | 0.0% |
| Other amounts payable | 47/48 | €87,300 | €274,483 | +€187,183 | +214% |
| Accrued charges and deferred income | 492/3 | €2,183 | €9,045 | +€6,862 | +314% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,756 | €34,875 | +€6,119 | +21.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€61,669 | - | +€61,669 | |
| Other operating charges | 640/8 | €67,162 | €11,989 | -€55,173 | -82.1% |
| Gross operating margin | 9900 | -€23,232 | -€10,016 | +€13,216 | +56.9% |
| Operating profit (loss) | 9901 | -€57,481 | -€56,881 | +€601 | +1.0% |
| Financial income | 75/76B | €31 | - | -€31 | |
| Recurring financial income | 75 | €31 | - | -€31 | |
| Financial charges | 65/66B | €9,038 | €22,454 | +€13,415 | +148% |
| Recurring financial charges | 65 | €9,038 | €22,454 | +€13,415 | +148% |
| Profit (loss) for the period before taxes | 9903 | -€66,489 | -€79,334 | -€12,846 | -19.3% |
| Profit (loss) for the period | 9904 | -€66,489 | -€79,334 | -€12,846 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,489 | -€79,334 | -€12,846 | -19.3% |
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 21 October 2026 via checked.be.