DR. C. BROERS: 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.
DR. C. BROERS
Largest movements
- Cash +€33,617
up €33,617 (+131%), from €25,603 to €59,220
mainly Other debts (+€20,254) and Receivables within one year (+€9,940)
- Receivables within one year -€9,940
down €9,940 (-46.1%), from €21,568 to €11,628
of which Trade receivables: -€5,727
- Other debts +€20,254
up €20,254 (+53.3%), from €37,991 to €58,245
- Profit (loss) carried forward +€3,209
up €3,209 (+79.4%), from -€4,043 to -€833
- Financial income +€4,996
up €4,996 (+889%), from €562 to €5,558
- Staff costs -€3,814
down €3,814 (-32.4%), from €11,777 to €7,963
- Financial charges +€2,181
up €2,181 (+168%), from €1,296 to €3,477
of which Financial charges: +€2,181
- Taxes +€1,302
up €1,302 (+444%), from €294 to €1,596
- Other operating charges +€269
up €269 (+114%), from €236 to €505
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 | €230,956 | €255,113 | +€24,158 | +10.5% |
| Fixed assets | 21/28 | €3,785 | €4,265 | +€480 | +12.7% |
| Tangible fixed assets | 22/27 | €3,785 | €4,265 | +€480 | +12.7% |
| Plant, machinery and equipment | 23 | €3,785 | €4,265 | +€480 | +12.7% |
| Current assets | 29/58 | €227,171 | €250,848 | +€23,678 | +10.4% |
| Amounts receivable within one year | 40/41 | €21,568 | €11,628 | -€9,940 | -46.1% |
| Trade receivables | 40 | €12,909 | €7,182 | -€5,727 | -44.4% |
| Other amounts receivable | 41 | €8,659 | €4,446 | -€4,213 | -48.7% |
| Current investments | 50/53 | €180,000 | €180,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,603 | €59,220 | +€33,617 | +131% |
| Total equity and liabilities | 10/49 | €230,956 | €255,113 | +€24,158 | +10.5% |
| Equity | 10/15 | €188,067 | €191,276 | +€3,209 | +1.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €179,709 | €179,709 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €177,849 | €177,849 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,043 | -€833 | +€3,209 | +79.4% |
| Amounts payable | 17/49 | €42,889 | €63,837 | +€20,948 | +48.8% |
| Amounts payable within one year | 42/48 | €42,889 | €63,837 | +€20,948 | +48.8% |
| Trade debts | 44 | €125 | €367 | +€242 | +193% |
| Suppliers | 440/4 | €125 | €367 | +€242 | +193% |
| Taxes, remuneration and social security | 45 | €4,773 | €5,225 | +€452 | +9.5% |
| Taxes | 450/3 | €2,443 | €3,097 | +€654 | +26.8% |
| Remuneration and social security | 454/9 | €2,329 | €2,128 | -€202 | -8.7% |
| Other amounts payable | 47/48 | €37,991 | €58,245 | +€20,254 | +53.3% |
| Non-recurring operating income | 76A | €0 | €6 | +€6 | +4,107% |
| Remuneration, social security and pensions | 62 | €11,777 | €7,963 | -€3,814 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,032 | €1,299 | +€267 | +25.9% |
| Other operating charges | 640/8 | €236 | €505 | +€269 | +114% |
| Gross operating margin | 9900 | €12,448 | €12,492 | +€44 | +0.4% |
| Operating profit (loss) | 9901 | -€597 | €2,725 | +€3,322 | |
| Financial income | 75/76B | €562 | €5,558 | +€4,996 | +889% |
| Recurring financial income | 75 | €562 | €5,558 | +€4,996 | +889% |
| Financial charges | 65/66B | €1,296 | €3,477 | +€2,181 | +168% |
| Recurring financial charges | 65 | €1,296 | €3,477 | +€2,181 | +168% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€1,331 | €4,805 | +€6,137 | |
| Income taxes | 67/77 | €294 | €1,596 | +€1,302 | +444% |
| Profit (loss) for the period | 9904 | -€1,625 | €3,209 | +€4,834 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,625 | €3,209 | +€4,834 |
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 22 October 2026 via checked.be.