DEN BROEBEL: 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.
DEN BROEBEL
Largest movements
- Cash +€45,646
up €45,646 (+56.3%), from €81,067 to €126,713
mainly Depreciation (+€36,320) and Net result for the year (+€4,812)
- Tangible fixed assets -€33,075
down €33,075 (-8.1%), from €408,095 to €375,021
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€5,243
down €5,243 (-57.9%), from €9,052 to €3,809
- Gross operating margin -€4,695
down €4,695 (-9.6%), from €49,132 to €44,437
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 | €822,093 | €831,232 | +€9,139 | +1.1% |
| Fixed assets | 21/28 | €438,123 | €401,803 | -€36,320 | -8.3% |
| Intangible fixed assets | 21 | €30,028 | €26,783 | -€3,246 | -10.8% |
| Tangible fixed assets | 22/27 | €408,095 | €375,021 | -€33,075 | -8.1% |
| Land and buildings | 22 | €408,095 | €375,021 | -€33,075 | -8.1% |
| Current assets | 29/58 | €383,970 | €429,429 | +€45,459 | +11.8% |
| Amounts receivable within one year | 40/41 | €2,902 | €2,716 | -€187 | -6.4% |
| Trade receivables | 40 | €187 | - | -€187 | |
| Other amounts receivable | 41 | €2,716 | €2,716 | = | 0.0% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,067 | €126,713 | +€45,646 | +56.3% |
| Total equity and liabilities | 10/49 | €822,093 | €831,232 | +€9,139 | +1.1% |
| Equity | 10/15 | €815,662 | €820,473 | +€4,812 | +0.6% |
| Contributions | 10/11 | €933,187 | €933,187 | = | 0.0% |
| Capital | 10 | €933,187 | - | -€933,187 | |
| Issued capital | 100 | €933,187 | - | -€933,187 | |
| Profit (loss) carried forward | 14 | -€117,525 | -€112,713 | +€4,812 | +4.1% |
| Amounts payable | 17/49 | €6,431 | €10,759 | +€4,328 | +67.3% |
| Amounts payable within one year | 42/48 | €6,431 | €10,759 | +€4,328 | +67.3% |
| Trade debts | 44 | - | €398 | +€398 | |
| Suppliers | 440/4 | - | €398 | +€398 | |
| Other amounts payable | 47/48 | €6,431 | €10,361 | +€3,930 | +61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,749 | €36,320 | -€429 | -1.2% |
| Other operating charges | 640/8 | €6,554 | €6,704 | +€149 | +2.3% |
| Gross operating margin | 9900 | €49,132 | €44,437 | -€4,695 | -9.6% |
| Operating profit (loss) | 9901 | €5,829 | €1,414 | -€4,415 | -75.7% |
| Financial income | 75/76B | €9,052 | €3,809 | -€5,243 | -57.9% |
| Recurring financial income | 75 | €9,052 | €3,809 | -€5,243 | -57.9% |
| Financial charges | 65/66B | €228 | €411 | +€184 | +80.6% |
| Recurring financial charges | 65 | €228 | €411 | +€184 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | €14,653 | €4,812 | -€9,842 | -67.2% |
| Profit (loss) for the period | 9904 | €14,653 | €4,812 | -€9,842 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,653 | €4,812 | -€9,842 | -67.2% |
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 13 October 2026 via checked.be.