IVAN-SERGE BROUHNS: what changed
IVAN-SERGE BROUHNS
Largest movements
- Current investments -€51,013
no longer reported in 2025 (was €51,013)
- Cash -€40,679
down €40,679 (-21.7%), from €187,361 to €146,682
mainly Contributions, distributions and other (-€121,928) and Tax, wage and social debts (-€17,689)
- Receivables within one year -€23,560
down €23,560 (-11.2%), from €211,250 to €187,690
of which Trade receivables: -€71,543
- Reserves -€100,916
down €100,916 (-24.4%), from €413,829 to €312,913
of which Distributable reserves: -€100,916
- Tax, wage and social debts -€17,689
down €17,689 (-70.2%), from €25,188 to €7,499
- Gross operating margin -€100,780
down €100,780 (-79.8%), from €126,244 to €25,464
- Taxes -€33,972
down €33,972 (-88.6%), from €38,346 to €4,374
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,462 | €344,461 | -€116,001 | -25.2% |
| Fixed assets | 21/28 | €9,187 | €8,161 | -€1,026 | -11.2% |
| Tangible fixed assets | 22/27 | €3,137 | €2,111 | -€1,026 | -32.7% |
| Furniture and vehicles | 24 | €3,137 | €2,111 | -€1,026 | -32.7% |
| Financial fixed assets | 28 | €6,050 | €6,050 | = | 0.0% |
| Current assets | 29/58 | €451,275 | €336,300 | -€114,975 | -25.5% |
| Amounts receivable within one year | 40/41 | €211,250 | €187,690 | -€23,560 | -11.2% |
| Trade receivables | 40 | €200,538 | €128,995 | -€71,543 | -35.7% |
| Other amounts receivable | 41 | €10,712 | €58,695 | +€47,983 | +448% |
| Current investments | 50/53 | €51,013 | - | -€51,013 | |
| Cash at bank and in hand | 54/58 | €187,361 | €146,682 | -€40,679 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,652 | €1,928 | +€277 | +16.8% |
| Total equity and liabilities | 10/49 | €460,462 | €344,461 | -€116,001 | -25.2% |
| Equity | 10/15 | €432,429 | €331,513 | -€100,916 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €413,829 | €312,913 | -€100,916 | -24.4% |
| 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 | €411,969 | €311,053 | -€100,916 | -24.5% |
| Amounts payable | 17/49 | €28,033 | €12,948 | -€15,085 | -53.8% |
| Amounts payable within one year | 42/48 | €28,033 | €12,948 | -€15,085 | -53.8% |
| Trade debts | 44 | €2,271 | €5,450 | +€3,179 | +140% |
| Suppliers | 440/4 | €2,271 | €5,450 | +€3,179 | +140% |
| Taxes, remuneration and social security | 45 | €25,188 | €7,499 | -€17,689 | -70.2% |
| Taxes | 450/3 | €25,188 | €7,499 | -€17,689 | -70.2% |
| Other amounts payable | 47/48 | €574 | - | -€574 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,078 | €1,026 | -€1,052 | -50.6% |
| Other operating charges | 640/8 | €1,301 | €2,365 | +€1,064 | +81.8% |
| Gross operating margin | 9900 | €126,244 | €25,464 | -€100,780 | -79.8% |
| Operating profit (loss) | 9901 | €122,865 | €22,072 | -€100,792 | -82.0% |
| Financial income | 75/76B | €3,000 | €3,374 | +€373 | +12.4% |
| Recurring financial income | 75 | €3,000 | €3,374 | +€373 | +12.4% |
| Financial charges | 65/66B | €16 | €60 | +€44 | +279% |
| Recurring financial charges | 65 | €16 | €60 | +€44 | +279% |
| Profit (loss) for the period before taxes | 9903 | €125,849 | €25,386 | -€100,463 | -79.8% |
| Income taxes | 67/77 | €38,346 | €4,374 | -€33,972 | -88.6% |
| Profit (loss) for the period | 9904 | €87,503 | €21,012 | -€66,491 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,503 | €21,012 | -€66,491 | -76.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.