Dr. Luc BROOS: 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. Luc BROOS
Largest movements
- Receivables within one year +€34,025
up €34,025 (+2,527%), from €1,346 to €35,372
- Cash -€31,487
down €31,487 (-25.6%), from €123,172 to €91,685
mainly Receivables within one year (-€34,025) and Contributions, distributions and other (-€26,800)
- Tangible fixed assets +€4,919
up €4,919 (+64.1%), from €7,670 to €12,589
of which Other tangible fixed assets: +€2,949
- Other debts -€13,053
down €13,053 (-84.4%), from €15,464 to €2,411
- Tax, wage and social debts +€11,739
up €11,739 (+39.0%), from €30,064 to €41,803
- Reserves +€9,200
up €9,200 (+8.1%), from €113,800 to €123,000
- Gross operating margin -€16,168
down €16,168 (-22.6%), from €71,559 to €55,391
- Taxes -€5,798
down €5,798 (-25.1%), from €23,058 to €17,260
- Depreciation -€716
down €716 (-33.1%), from €2,160 to €1,444
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 | €295,494 | €302,951 | +€7,457 | +2.5% |
| Fixed assets | 21/28 | €7,670 | €12,589 | +€4,919 | +64.1% |
| Tangible fixed assets | 22/27 | €7,670 | €12,589 | +€4,919 | +64.1% |
| Furniture and vehicles | 24 | - | €1,970 | +€1,970 | |
| Other tangible fixed assets | 26 | €7,670 | €10,619 | +€2,949 | +38.4% |
| Current assets | 29/58 | €287,824 | €290,362 | +€2,538 | +0.9% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,346 | €35,372 | +€34,025 | +2,527% |
| Other amounts receivable | 41 | €1,346 | €35,372 | +€34,025 | +2,527% |
| Current investments | 50/53 | €118,306 | €118,306 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €123,172 | €91,685 | -€31,487 | -25.6% |
| Total equity and liabilities | 10/49 | €295,494 | €302,951 | +€7,457 | +2.5% |
| Equity | 10/15 | €246,304 | €255,900 | +€9,596 | +3.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €113,800 | €123,000 | +€9,200 | +8.1% |
| Distributable reserves | 133 | €113,800 | €123,000 | +€9,200 | +8.1% |
| Profit (loss) carried forward | 14 | €32,504 | €32,900 | +€396 | +1.2% |
| Amounts payable | 17/49 | €49,190 | €47,051 | -€2,139 | -4.3% |
| Amounts payable within one year | 42/48 | €49,190 | €47,051 | -€2,139 | -4.3% |
| Trade debts | 44 | €3,662 | €2,837 | -€825 | -22.5% |
| Suppliers | 440/4 | €3,662 | €2,837 | -€825 | -22.5% |
| Taxes, remuneration and social security | 45 | €30,064 | €41,803 | +€11,739 | +39.0% |
| Taxes | 450/3 | €30,064 | €41,803 | +€11,739 | +39.0% |
| Other amounts payable | 47/48 | €15,464 | €2,411 | -€13,053 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,160 | €1,444 | -€716 | -33.1% |
| Other operating charges | 640/8 | €661 | €186 | -€475 | -71.8% |
| Gross operating margin | 9900 | €71,559 | €55,391 | -€16,168 | -22.6% |
| Operating profit (loss) | 9901 | €68,738 | €53,761 | -€14,977 | -21.8% |
| Financial charges | 65/66B | €104 | €105 | +€2 | +1.4% |
| Recurring financial charges | 65 | €104 | €105 | +€2 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €68,635 | €53,656 | -€14,979 | -21.8% |
| Income taxes | 67/77 | €23,058 | €17,260 | -€5,798 | -25.1% |
| Profit (loss) for the period | 9904 | €45,576 | €36,396 | -€9,181 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,576 | €36,396 | -€9,181 | -20.1% |
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 21 October 2026 via checked.be.