Den Brouwer Management: 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 Brouwer Management
Largest movements
- Tangible fixed assets +€46,355
new in 2025: €46,355
- Receivables within one year -€7,850
down €7,850 (-67.4%), from €11,650 to €3,800
- Debts after one year -€68,127
down €68,127 (-100%), from €68,127 to €0
- Other debts +€53,999
up €53,999 (+21.2%), from €254,330 to €308,328
- Current portion of long-term debt +€50,884
up €50,884 (+184%), from €27,590 to €78,474
- Depreciation +€5,151
new in 2025: €5,151
- Gross operating margin +€3,922
up €3,922 (+39.2%), from €10,015 to €13,937
- Taxes -€359
down €359 (-46.5%), from €772 to €413
- Other operating charges -€265
down €265 (-29.7%), from €893 to €628
- Financial charges -€215
down €215 (-3.0%), from €7,251 to €7,037
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 | €413,082 | €450,155 | +€37,073 | +9.0% |
| Fixed assets | 21/28 | €400,000 | €446,355 | +€46,355 | +11.6% |
| Tangible fixed assets | 22/27 | - | €46,355 | +€46,355 | |
| Furniture and vehicles | 24 | - | €46,355 | +€46,355 | |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €13,082 | €3,800 | -€9,282 | -71.0% |
| Amounts receivable within one year | 40/41 | €11,650 | €3,800 | -€7,850 | -67.4% |
| Trade receivables | 40 | €11,650 | €3,800 | -€7,850 | -67.4% |
| Cash at bank and in hand | 54/58 | €1,432 | €0 | -€1,432 | -100% |
| Total equity and liabilities | 10/49 | €413,082 | €450,155 | +€37,073 | +9.0% |
| Equity | 10/15 | €55,381 | €56,090 | +€709 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,781 | €37,490 | +€709 | +1.9% |
| Distributable reserves | 133 | €36,781 | €37,490 | +€709 | +1.9% |
| Amounts payable | 17/49 | €357,701 | €394,066 | +€36,365 | +10.2% |
| Amounts payable after more than one year | 17 | €68,127 | €0 | -€68,127 | -100% |
| Financial debts | 170/4 | €68,127 | €0 | -€68,127 | -100% |
| Amounts payable within one year | 42/48 | €289,423 | €394,066 | +€104,643 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €27,590 | €78,474 | +€50,884 | +184% |
| Financial debts | 43 | - | €385 | +€385 | |
| Credit institutions | 430/8 | - | €385 | +€385 | |
| Trade debts | 44 | €3,660 | €5,692 | +€2,032 | +55.5% |
| Suppliers | 440/4 | €3,660 | €5,692 | +€2,032 | +55.5% |
| Taxes, remuneration and social security | 45 | €3,842 | €1,186 | -€2,656 | -69.1% |
| Taxes | 450/3 | €3,842 | €1,186 | -€2,656 | -69.1% |
| Other amounts payable | 47/48 | €254,330 | €308,328 | +€53,999 | +21.2% |
| Accrued charges and deferred income | 492/3 | €152 | €0 | -€152 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,151 | +€5,151 | |
| Other operating charges | 640/8 | €893 | €628 | -€265 | -29.7% |
| Gross operating margin | 9900 | €10,015 | €13,937 | +€3,922 | +39.2% |
| Operating profit (loss) | 9901 | €9,122 | €8,159 | -€964 | -10.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €7,251 | €7,037 | -€215 | -3.0% |
| Recurring financial charges | 65 | €7,251 | €7,037 | -€215 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €1,871 | €1,122 | -€749 | -40.0% |
| Income taxes | 67/77 | €772 | €413 | -€359 | -46.5% |
| Profit (loss) for the period | 9904 | €1,099 | €709 | -€390 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,099 | €709 | -€390 | -35.5% |
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 28 October 2026 via checked.be.