J. BROODS: 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.
J. BROODS
Largest movements
- Cash +€77,569
up €77,569 (+26.9%), from €288,486 to €366,054
mainly Net result for the year (+€86,493) and Depreciation (+€13,701)
- Tangible fixed assets -€13,701
down €13,701 (-29.2%), from €46,935 to €33,234
of which Land and buildings: -€6,924
- Reserves +€86,493
up €86,493 (+14.7%), from €588,878 to €675,371
of which Distributable reserves: +€86,493
- Trade debts -€21,357
down €21,357 (-65.6%), from €32,560 to €11,203
- Other debts -€11,473
down €11,473 (-100%), from €11,473 to €0
- Gross operating margin -€23,605
down €23,605 (-14.2%), from €166,434 to €142,829
- Taxes -€7,512
down €7,512 (-14.1%), from €53,238 to €45,726
- Write-downs -€5,135
down €5,135 (-51.0%), from €10,074 to €4,939
- Financial income +€2,203
up €2,203 (+23.4%), from €9,405 to €11,608
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 | €761,783 | €829,787 | +€68,004 | +8.9% |
| Fixed assets | 21/28 | €46,935 | €33,234 | -€13,701 | -29.2% |
| Tangible fixed assets | 22/27 | €46,935 | €33,234 | -€13,701 | -29.2% |
| Land and buildings | 22 | €37,740 | €30,816 | -€6,924 | -18.3% |
| Plant, machinery and equipment | 23 | €891 | €470 | -€422 | -47.3% |
| Furniture and vehicles | 24 | €8,303 | €1,948 | -€6,355 | -76.5% |
| Current assets | 29/58 | €714,848 | €796,552 | +€81,705 | +11.4% |
| Stocks and contracts in progress | 3 | €5,500 | €5,500 | = | 0.0% |
| Stocks | 30/36 | €5,500 | €5,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €417,136 | €419,950 | +€2,814 | +0.7% |
| Trade receivables | 40 | €159,176 | €149,205 | -€9,971 | -6.3% |
| Other amounts receivable | 41 | €257,960 | €270,745 | +€12,785 | +5.0% |
| Cash at bank and in hand | 54/58 | €288,486 | €366,054 | +€77,569 | +26.9% |
| Deferred charges and accrued income | 490/1 | €3,726 | €5,048 | +€1,322 | +35.5% |
| Total equity and liabilities | 10/49 | €761,783 | €829,787 | +€68,004 | +8.9% |
| Equity | 10/15 | €618,625 | €705,118 | +€86,493 | +14.0% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €588,878 | €675,371 | +€86,493 | +14.7% |
| Tax-exempt reserves | 132 | €16,086 | €16,086 | = | 0.0% |
| Distributable reserves | 133 | €572,792 | €659,285 | +€86,493 | +15.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €143,158 | €124,669 | -€18,489 | -12.9% |
| Amounts payable within one year | 42/48 | €138,054 | €111,887 | -€26,167 | -19.0% |
| Trade debts | 44 | €32,560 | €11,203 | -€21,357 | -65.6% |
| Suppliers | 440/4 | €32,560 | €11,203 | -€21,357 | -65.6% |
| Taxes, remuneration and social security | 45 | €94,021 | €100,684 | +€6,663 | +7.1% |
| Taxes | 450/3 | €94,021 | €100,684 | +€6,663 | +7.1% |
| Other amounts payable | 47/48 | €11,473 | €0 | -€11,473 | -100% |
| Accrued charges and deferred income | 492/3 | €5,104 | €12,782 | +€7,678 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,327 | €13,701 | +€373 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,074 | €4,939 | -€5,135 | -51.0% |
| Other operating charges | 640/8 | €3,583 | €2,957 | -€626 | -17.5% |
| Gross operating margin | 9900 | €166,434 | €142,829 | -€23,605 | -14.2% |
| Operating profit (loss) | 9901 | €139,451 | €121,232 | -€18,219 | -13.1% |
| Financial income | 75/76B | €9,405 | €11,608 | +€2,203 | +23.4% |
| Recurring financial income | 75 | €9,405 | €11,608 | +€2,203 | +23.4% |
| Financial charges | 65/66B | €1,164 | €622 | -€542 | -46.6% |
| Recurring financial charges | 65 | €1,164 | €622 | -€542 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €147,692 | €132,219 | -€15,473 | -10.5% |
| Income taxes | 67/77 | €53,238 | €45,726 | -€7,512 | -14.1% |
| Profit (loss) for the period | 9904 | €94,454 | €86,493 | -€7,961 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,454 | €86,493 | -€7,961 | -8.4% |
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 24 October 2026 via checked.be.