DE BROUWER LUC: 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 BROUWER LUC
Largest movements
- Cash +€24,594
up €24,594 (+71.4%), from €34,424 to €59,018
mainly Net result for the year (+€14,246) and Depreciation (+€9,789)
- Tangible fixed assets -€9,789
down €9,789 (-6.3%), from €154,624 to €144,835
of which Land and buildings: -€6,118
- Receivables within one year +€6,524
up €6,524 (+889%), from €734 to €7,258
of which Trade receivables: +€6,565
- Profit (loss) carried forward +€14,246
up €14,246 (+10.5%), from €136,281 to €150,527
- Tax, wage and social debts +€3,995
up €3,995 (+108%), from €3,683 to €7,678
of which Taxes: +€3,995
- Other debts +€2,545
up €2,545 (+367%), from €694 to €3,239
- Gross operating margin +€17,922
up €17,922 (+177%), from €10,145 to €28,067
- Taxes +€2,592
new in 2025: €2,592
- Depreciation -€1,241
down €1,241 (-11.2%), from €11,030 to €9,789
- Other operating charges +€315
up €315 (+35.4%), from €888 to €1,202
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 | €192,028 | €213,413 | +€21,385 | +11.1% |
| Fixed assets | 21/28 | €154,624 | €144,835 | -€9,789 | -6.3% |
| Tangible fixed assets | 22/27 | €154,624 | €144,835 | -€9,789 | -6.3% |
| Land and buildings | 22 | €146,472 | €140,354 | -€6,118 | -4.2% |
| Plant, machinery and equipment | 23 | €8,152 | €4,481 | -€3,671 | -45.0% |
| Current assets | 29/58 | €37,404 | €68,577 | +€31,174 | +83.3% |
| Amounts receivable within one year | 40/41 | €734 | €7,258 | +€6,524 | +889% |
| Trade receivables | 40 | €694 | €7,258 | +€6,565 | +946% |
| Other amounts receivable | 41 | €40 | €0 | -€40 | -100% |
| Cash at bank and in hand | 54/58 | €34,424 | €59,018 | +€24,594 | +71.4% |
| Deferred charges and accrued income | 490/1 | €2,245 | €2,302 | +€56 | +2.5% |
| Total equity and liabilities | 10/49 | €192,028 | €213,413 | +€21,385 | +11.1% |
| Equity | 10/15 | €185,241 | €199,487 | +€14,246 | +7.7% |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €41,355 | €41,355 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €39,491 | €39,491 | = | 0.0% |
| Distributable reserves | 133 | €1,864 | €1,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,281 | €150,527 | +€14,246 | +10.5% |
| Amounts payable | 17/49 | €6,786 | €13,926 | +€7,139 | +105% |
| Amounts payable within one year | 42/48 | €6,786 | €13,926 | +€7,139 | +105% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,410 | €3,008 | +€599 | +24.9% |
| Suppliers | 440/4 | €2,410 | €3,008 | +€599 | +24.9% |
| Taxes, remuneration and social security | 45 | €3,683 | €7,678 | +€3,995 | +108% |
| Taxes | 450/3 | €2,683 | €6,678 | +€3,995 | +149% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €694 | €3,239 | +€2,545 | +367% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,030 | €9,789 | -€1,241 | -11.2% |
| Other operating charges | 640/8 | €888 | €1,202 | +€315 | +35.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €10,145 | €28,067 | +€17,922 | +177% |
| Operating profit (loss) | 9901 | -€1,772 | €17,076 | +€18,848 | |
| Financial income | 75/76B | €45 | €2 | -€43 | -95.6% |
| Recurring financial income | 75 | €45 | €2 | -€43 | -95.6% |
| Financial charges | 65/66B | €326 | €240 | -€86 | -26.4% |
| Recurring financial charges | 65 | €326 | €240 | -€86 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,053 | €16,838 | +€18,891 | |
| Income taxes | 67/77 | - | €2,592 | +€2,592 | |
| Profit (loss) for the period | 9904 | -€2,053 | €14,246 | +€16,299 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,053 | €14,246 | +€16,299 |
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 14 October 2026 via checked.be.