DEN BROEL: 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 BROEL
Largest movements
- Tangible fixed assets -€37,798
down €37,798 (-10.1%), from €372,442 to €334,644
of which Land and buildings: -€26,861
- Receivables within one year -€31,056
down €31,056 (-47.0%), from €66,111 to €35,055
of which Trade receivables: -€31,074
- Cash +€22,775
up €22,775 (+588%), from €3,872 to €26,647
mainly Debts after one year (+€82,813) and Depreciation (+€40,841)
- Other debts -€110,002
down €110,002 (-62.6%), from €175,685 to €65,683
- Debts after one year +€82,813
up €82,813 (+39.1%), from €211,941 to €294,755
of which Other amounts payable: +€120,000
- Trade debts -€20,528
down €20,528 (-56.3%), from €36,435 to €15,907
- Reserves +€9,316
up €9,316 (+19.0%), from €48,952 to €58,268
- Accrued charges and deferred income -€8,620
down €8,620 (-89.6%), from €9,624 to €1,004
- Gross operating margin +€17,256
up €17,256 (+28.9%), from €59,703 to €76,959
- Depreciation -€2,276
down €2,276 (-5.3%), from €43,116 to €40,841
- Financial charges -€1,920
down €1,920 (-26.6%), from €7,228 to €5,308
- Taxes +€831
up €831 (+15.3%), from €5,424 to €6,255
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 | €534,156 | €487,765 | -€46,391 | -8.7% |
| Fixed assets | 21/28 | €372,890 | €335,092 | -€37,798 | -10.1% |
| Intangible fixed assets | 21 | €448 | €448 | = | 0.0% |
| Tangible fixed assets | 22/27 | €372,442 | €334,644 | -€37,798 | -10.1% |
| Land and buildings | 22 | €333,155 | €306,294 | -€26,861 | -8.1% |
| Plant, machinery and equipment | 23 | €5,279 | €3,419 | -€1,860 | -35.2% |
| Furniture and vehicles | 24 | €3,296 | €3,303 | +€7 | +0.2% |
| Leasing and similar rights | 25 | €30,712 | €21,628 | -€9,084 | -29.6% |
| Current assets | 29/58 | €161,266 | €152,673 | -€8,593 | -5.3% |
| Stocks and contracts in progress | 3 | €85,150 | €85,850 | +€700 | +0.8% |
| Stocks | 30/36 | €85,150 | €85,850 | +€700 | +0.8% |
| Amounts receivable within one year | 40/41 | €66,111 | €35,055 | -€31,056 | -47.0% |
| Trade receivables | 40 | €66,014 | €34,940 | -€31,074 | -47.1% |
| Other amounts receivable | 41 | €98 | €115 | +€17 | +17.6% |
| Cash at bank and in hand | 54/58 | €3,872 | €26,647 | +€22,775 | +588% |
| Deferred charges and accrued income | 490/1 | €6,133 | €5,121 | -€1,012 | -16.5% |
| Total equity and liabilities | 10/49 | €534,156 | €487,765 | -€46,391 | -8.7% |
| Equity | 10/15 | €55,462 | €64,778 | +€9,316 | +16.8% |
| Contributions | 10/11 | €6,510 | €6,510 | = | 0.0% |
| Reserves | 13 | €48,952 | €58,268 | +€9,316 | +19.0% |
| Distributable reserves | 133 | €48,952 | €58,268 | +€9,316 | +19.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €478,694 | €422,987 | -€55,707 | -11.6% |
| Amounts payable after more than one year | 17 | €211,941 | €294,755 | +€82,813 | +39.1% |
| Financial debts | 170/4 | €211,941 | €174,755 | -€37,187 | -17.5% |
| Other amounts payable | 178/9 | - | €120,000 | +€120,000 | |
| Amounts payable within one year | 42/48 | €257,129 | €127,228 | -€129,901 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €39,058 | €37,187 | -€1,871 | -4.8% |
| Trade debts | 44 | €36,435 | €15,907 | -€20,528 | -56.3% |
| Suppliers | 440/4 | €36,435 | €15,907 | -€20,528 | -56.3% |
| Taxes, remuneration and social security | 45 | €5,951 | €8,452 | +€2,500 | +42.0% |
| Taxes | 450/3 | €5,951 | €8,452 | +€2,500 | +42.0% |
| Other amounts payable | 47/48 | €175,685 | €65,683 | -€110,002 | -62.6% |
| Accrued charges and deferred income | 492/3 | €9,624 | €1,004 | -€8,620 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,116 | €40,841 | -€2,276 | -5.3% |
| Other operating charges | 640/8 | €2,557 | €3,096 | +€539 | +21.1% |
| Gross operating margin | 9900 | €59,703 | €76,959 | +€17,256 | +28.9% |
| Operating profit (loss) | 9901 | €14,029 | €33,022 | +€18,993 | +135% |
| Financial income | 75/76B | €48 | €107 | +€59 | +124% |
| Recurring financial income | 75 | €48 | €107 | +€59 | +124% |
| Financial charges | 65/66B | €7,228 | €5,308 | -€1,920 | -26.6% |
| Recurring financial charges | 65 | €7,228 | €5,308 | -€1,920 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €6,849 | €27,821 | +€20,973 | +306% |
| Income taxes | 67/77 | €5,424 | €6,255 | +€831 | +15.3% |
| Profit (loss) for the period | 9904 | €1,425 | €21,566 | +€20,142 | +1,414% |
| Profit (loss) for the period to be appropriated | 9905 | €1,425 | €21,566 | +€20,142 | +1,414% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.