JOZEF DE BROE: what changed
JOZEF DE BROE
Largest movements
- Tangible fixed assets +€19,715
up €19,715 (+8.6%), from €228,732 to €248,447
of which Land and buildings: +€20,523
- Current investments +€17,558
up €17,558 (+36.0%), from €48,780 to €66,339
- Receivables within one year -€12,515
no longer reported in 2025 (was €12,515)
of which Trade receivables: -€6,762
- Other debts +€95,865
up €95,865 (+541%), from €17,733 to €113,598
- Reserves -€69,213
down €69,213 (-36.9%), from €187,600 to €118,386
of which Distributable reserves: -€69,213
- Tax, wage and social debts -€7,350
down €7,350 (-73.6%), from €9,986 to €2,637
- Accrued charges and deferred income +€6,433
up €6,433 (+96.1%), from €6,693 to €13,127
- Gross operating margin -€35,900
down €35,900 (-47.0%), from €76,379 to €40,479
- Depreciation -€24,893
down €24,893 (-88.4%), from €28,171 to €3,278
- Taxes -€6,494
down €6,494 (-34.3%), from €18,933 to €12,439
- Financial charges -€5,856
down €5,856 (-91.1%), from €6,427 to €571
- Financial income -€3,739
down €3,739 (-53.3%), from €7,018 to €3,280
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 | €478,011 | €504,758 | +€26,746 | +5.6% |
| Fixed assets | 21/28 | €228,732 | €249,760 | +€21,028 | +9.2% |
| Intangible fixed assets | 21 | - | €1,313 | +€1,313 | |
| Tangible fixed assets | 22/27 | €228,732 | €248,447 | +€19,715 | +8.6% |
| Land and buildings | 22 | €225,000 | €245,523 | +€20,523 | +9.1% |
| Plant, machinery and equipment | 23 | €3,732 | €2,925 | -€807 | -21.6% |
| Current assets | 29/58 | €249,279 | €254,998 | +€5,719 | +2.3% |
| Stocks and contracts in progress | 3 | €74,451 | €78,446 | +€3,995 | +5.4% |
| Stocks | 30/36 | €74,451 | €78,446 | +€3,995 | +5.4% |
| Amounts receivable within one year | 40/41 | €12,515 | - | -€12,515 | |
| Trade receivables | 40 | €6,762 | €0 | -€6,762 | -100% |
| Other amounts receivable | 41 | €5,754 | - | -€5,754 | |
| Current investments | 50/53 | €48,780 | €66,339 | +€17,558 | +36.0% |
| Cash at bank and in hand | 54/58 | €108,015 | €104,798 | -€3,217 | -3.0% |
| Deferred charges and accrued income | 490/1 | €5,517 | €5,415 | -€103 | -1.9% |
| Total equity and liabilities | 10/49 | €478,011 | €504,758 | +€26,746 | +5.6% |
| Equity | 10/15 | €442,262 | €373,049 | -€69,213 | -15.6% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €187,600 | €118,386 | -€69,213 | -36.9% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €866 | €866 | = | 0.0% |
| Distributable reserves | 133 | €183,015 | €113,801 | -€69,213 | -37.8% |
| Profit (loss) carried forward | 14 | €217,479 | €217,479 | = | 0.0% |
| Amounts payable | 17/49 | €35,749 | €131,709 | +€95,959 | +268% |
| Amounts payable within one year | 42/48 | €29,056 | €118,582 | +€89,526 | +308% |
| Trade debts | 44 | €1,337 | €2,348 | +€1,010 | +75.6% |
| Suppliers | 440/4 | €1,337 | €2,348 | +€1,010 | +75.6% |
| Taxes, remuneration and social security | 45 | €9,986 | €2,637 | -€7,350 | -73.6% |
| Taxes | 450/3 | €9,986 | €2,637 | -€7,350 | -73.6% |
| Other amounts payable | 47/48 | €17,733 | €113,598 | +€95,865 | +541% |
| Accrued charges and deferred income | 492/3 | €6,693 | €13,127 | +€6,433 | +96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,171 | €3,278 | -€24,893 | -88.4% |
| Other operating charges | 640/8 | €1,120 | €783 | -€337 | -30.1% |
| Gross operating margin | 9900 | €76,379 | €40,479 | -€35,900 | -47.0% |
| Operating profit (loss) | 9901 | €47,088 | €36,417 | -€10,670 | -22.7% |
| Financial income | 75/76B | €7,018 | €3,280 | -€3,739 | -53.3% |
| Recurring financial income | 75 | €7,018 | €3,280 | -€3,739 | -53.3% |
| Financial charges | 65/66B | €6,427 | €571 | -€5,856 | -91.1% |
| Recurring financial charges | 65 | €6,427 | €571 | -€5,856 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €47,679 | €39,126 | -€8,553 | -17.9% |
| Income taxes | 67/77 | €18,933 | €12,439 | -€6,494 | -34.3% |
| Profit (loss) for the period | 9904 | €28,746 | €26,687 | -€2,059 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,746 | €26,687 | -€2,059 | -7.2% |
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 3 November 2026 via checked.be.