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.
Luc Broos
Largest movements
- Receivables within one year +€10,159
up €10,159 (+227%), from €4,469 to €14,628
of which Trade receivables: +€10,167
- Cash +€8,676
up €8,676 (+72.2%), from €12,009 to €20,685
mainly Net result for the year (+€19,625) and Tax, wage and social debts (+€5,695)
- Tangible fixed assets -€3,101
down €3,101 (-25.8%), from €11,997 to €8,896
- Profit (loss) carried forward +€19,625
up €19,625, from -€5,580 to €14,045
- Tax, wage and social debts +€5,695
up €5,695 (+603%), from €944 to €6,639
- Current portion of long-term debt -€5,161
down €5,161 (-100%), from €5,161 to €0
- Trade debts -€2,920
down €2,920 (-44.5%), from €6,570 to €3,649
- Other debts -€1,244
down €1,244 (-14.9%), from €8,355 to €7,112
- Gross operating margin +€9,737
up €9,737 (+64.5%), from €15,098 to €24,835
- Other operating charges +€572
up €572 (+200%), from €287 to €859
- Financial charges +€279
up €279 (+33.0%), from €844 to €1,122
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 | €29,887 | €45,705 | +€15,818 | +52.9% |
| Fixed assets | 21/28 | €12,297 | €9,196 | -€3,101 | -25.2% |
| Tangible fixed assets | 22/27 | €11,997 | €8,896 | -€3,101 | -25.8% |
| Furniture and vehicles | 24 | €11,997 | €8,896 | -€3,101 | -25.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €17,590 | €36,510 | +€18,920 | +108% |
| Amounts receivable within one year | 40/41 | €4,469 | €14,628 | +€10,159 | +227% |
| Trade receivables | 40 | €4,461 | €14,628 | +€10,167 | +228% |
| Other amounts receivable | 41 | €8 | €0 | -€8 | -100% |
| Cash at bank and in hand | 54/58 | €12,009 | €20,685 | +€8,676 | +72.2% |
| Deferred charges and accrued income | 490/1 | €1,112 | €1,197 | +€85 | +7.6% |
| Total equity and liabilities | 10/49 | €29,887 | €45,705 | +€15,818 | +52.9% |
| Equity | 10/15 | €8,680 | €28,305 | +€19,625 | +226% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€5,580 | €14,045 | +€19,625 | |
| Amounts payable | 17/49 | €21,207 | €17,400 | -€3,807 | -18.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €21,207 | €17,400 | -€3,807 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €5,161 | €0 | -€5,161 | -100% |
| Financial debts | 43 | €177 | €0 | -€177 | -100% |
| Credit institutions | 430/8 | €177 | €0 | -€177 | -100% |
| Trade debts | 44 | €6,570 | €3,649 | -€2,920 | -44.5% |
| Suppliers | 440/4 | €6,570 | €3,649 | -€2,920 | -44.5% |
| Taxes, remuneration and social security | 45 | €944 | €6,639 | +€5,695 | +603% |
| Taxes | 450/3 | €944 | €6,639 | +€5,695 | +603% |
| Other amounts payable | 47/48 | €8,355 | €7,112 | -€1,244 | -14.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €5,068 | +€5,068 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,101 | €3,101 | = | 0.0% |
| Other operating charges | 640/8 | €287 | €859 | +€572 | +200% |
| Gross operating margin | 9900 | €15,098 | €24,835 | +€9,737 | +64.5% |
| Operating profit (loss) | 9901 | €11,710 | €20,875 | +€9,165 | +78.3% |
| Financial income | 75/76B | €40 | €40 | +€1 | +1.4% |
| Recurring financial income | 75 | €40 | €40 | +€1 | +1.4% |
| Financial charges | 65/66B | €844 | €1,122 | +€279 | +33.0% |
| Recurring financial charges | 65 | €844 | €1,122 | +€279 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €10,906 | €19,793 | +€8,887 | +81.5% |
| Income taxes | 67/77 | €261 | €168 | -€94 | -35.8% |
| Profit (loss) for the period | 9904 | €10,645 | €19,625 | +€8,980 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,645 | €19,625 | +€8,980 | +84.4% |
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 25 October 2026 via checked.be.