DE BROUWER TRADING: 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 TRADING
Largest movements
- Tangible fixed assets +€377,331
up €377,331 (+479%), from €78,704 to €456,035
of which Other tangible fixed assets: +€372,483
- Stocks and contracts -€194,863
down €194,863 (-46.1%), from €422,250 to €227,387
- Receivables within one year +€96,717
up €96,717 (+68.4%), from €141,364 to €238,081
of which Trade receivables: +€100,467
- Cash +€31,411
up €31,411 (+216%), from €14,533 to €45,944
mainly Debts after one year (+€335,400) and Stocks and contracts (+€194,863)
- Debts after one year +€335,400
up €335,400 (+972%), from €34,513 to €369,914
- Other debts -€137,129
down €137,129 (-87.7%), from €156,376 to €19,247
- Current portion of long-term debt +€132,236
up €132,236 (+1,766%), from €7,488 to €139,725
- Reserves +€65,407
up €65,407 (+32.4%), from €202,079 to €267,486
- Short-term financial debts -€54,000
down €54,000 (-37.5%), from €144,000 to €90,000
- Gross operating margin +€16,584
up €16,584 (+16.3%), from €101,845 to €118,429
- Depreciation +€6,256
up €6,256 (+116%), from €5,408 to €11,664
- Taxes -€3,794
down €3,794 (-16.7%), from €22,765 to €18,971
- Financial charges -€2,890
down €2,890 (-12.4%), from €23,290 to €20,399
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 | €658,198 | €969,293 | +€311,096 | +47.3% |
| Fixed assets | 21/28 | €78,704 | €456,035 | +€377,331 | +479% |
| Tangible fixed assets | 22/27 | €78,704 | €456,035 | +€377,331 | +479% |
| Land and buildings | 22 | €68,184 | €66,859 | -€1,325 | -1.9% |
| Plant, machinery and equipment | 23 | €2,131 | €1,088 | -€1,043 | -48.9% |
| Furniture and vehicles | 24 | €8,388 | €15,605 | +€7,216 | +86.0% |
| Other tangible fixed assets | 26 | - | €372,483 | +€372,483 | |
| Current assets | 29/58 | €579,494 | €513,258 | -€66,235 | -11.4% |
| Stocks and contracts in progress | 3 | €422,250 | €227,387 | -€194,863 | -46.1% |
| Stocks | 30/36 | €422,250 | €227,387 | -€194,863 | -46.1% |
| Amounts receivable within one year | 40/41 | €141,364 | €238,081 | +€96,717 | +68.4% |
| Trade receivables | 40 | €45,995 | €146,462 | +€100,467 | +218% |
| Other amounts receivable | 41 | €95,369 | €91,619 | -€3,750 | -3.9% |
| Cash at bank and in hand | 54/58 | €14,533 | €45,944 | +€31,411 | +216% |
| Deferred charges and accrued income | 490/1 | €1,347 | €1,847 | +€500 | +37.1% |
| Total equity and liabilities | 10/49 | €658,198 | €969,293 | +€311,096 | +47.3% |
| Equity | 10/15 | €208,079 | €273,486 | +€65,407 | +31.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €202,079 | €267,486 | +€65,407 | +32.4% |
| Distributable reserves | 133 | €202,079 | €267,486 | +€65,407 | +32.4% |
| Amounts payable | 17/49 | €450,119 | €695,807 | +€245,688 | +54.6% |
| Amounts payable after more than one year | 17 | €34,513 | €369,914 | +€335,400 | +972% |
| Financial debts | 170/4 | €34,513 | €369,914 | +€335,400 | +972% |
| Amounts payable within one year | 42/48 | €415,606 | €325,893 | -€89,712 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €7,488 | €139,725 | +€132,236 | +1,766% |
| Financial debts | 43 | €144,000 | €90,000 | -€54,000 | -37.5% |
| Credit institutions | 430/8 | €144,000 | €90,000 | -€54,000 | -37.5% |
| Trade debts | 44 | €103,732 | €74,005 | -€29,727 | -28.7% |
| Suppliers | 440/4 | €103,732 | €74,005 | -€29,727 | -28.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,009 | €2,917 | -€1,092 | -27.2% |
| Taxes | 450/3 | €4,009 | €2,917 | -€1,092 | -27.2% |
| Other amounts payable | 47/48 | €156,376 | €19,247 | -€137,129 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,408 | €11,664 | +€6,256 | +116% |
| Other operating charges | 640/8 | €2,661 | €1,990 | -€671 | -25.2% |
| Gross operating margin | 9900 | €101,845 | €118,429 | +€16,584 | +16.3% |
| Operating profit (loss) | 9901 | €93,776 | €104,774 | +€10,998 | +11.7% |
| Financial income | 75/76B | €1 | €3 | +€2 | +295% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +295% |
| Financial charges | 65/66B | €23,290 | €20,399 | -€2,890 | -12.4% |
| Recurring financial charges | 65 | €23,290 | €20,399 | -€2,890 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €70,487 | €84,378 | +€13,891 | +19.7% |
| Income taxes | 67/77 | €22,765 | €18,971 | -€3,794 | -16.7% |
| Profit (loss) for the period | 9904 | €47,722 | €65,407 | +€17,685 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,722 | €65,407 | +€17,685 | +37.1% |
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 25 October 2026 via checked.be.