SAM BRONDEEL: 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.
SAM BRONDEEL
Largest movements
- Receivables within one year +€99,646
up €99,646 (+34.0%), from €292,878 to €392,524
of which Other amounts receivable: +€84,842
- Tangible fixed assets -€78,102
down €78,102 (-12.3%), from €637,208 to €559,105
of which Furniture and vehicles: -€58,390
- Cash +€20,582
up €20,582 (+10.8%), from €191,189 to €211,771
mainly Net result for the year (+€204,286) and Depreciation (+€100,621)
- Other debts +€30,838
up €30,838 (+18.2%), from €169,265 to €200,104
- Staff costs +€75,076
up €75,076 (+19.9%), from €378,099 to €453,175
- Gross operating margin +€59,835
up €59,835 (+7.4%), from €810,519 to €870,354
- Other operating charges -€12,283
down €12,283 (-58.4%), from €21,019 to €8,736
- Depreciation +€8,950
up €8,950 (+9.8%), from €91,670 to €100,621
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 | €1,248,032 | €1,295,931 | +€47,900 | +3.8% |
| Fixed assets | 21/28 | €637,347 | €559,245 | -€78,102 | -12.3% |
| Tangible fixed assets | 22/27 | €637,208 | €559,105 | -€78,102 | -12.3% |
| Land and buildings | 22 | €385,959 | €367,518 | -€18,441 | -4.8% |
| Plant, machinery and equipment | 23 | €11,846 | €10,575 | -€1,271 | -10.7% |
| Furniture and vehicles | 24 | €239,403 | €181,012 | -€58,390 | -24.4% |
| Financial fixed assets | 28 | €139 | €139 | = | 0.0% |
| Current assets | 29/58 | €610,684 | €736,687 | +€126,002 | +20.6% |
| Amounts receivable within one year | 40/41 | €292,878 | €392,524 | +€99,646 | +34.0% |
| Trade receivables | 40 | €133,678 | €148,482 | +€14,804 | +11.1% |
| Other amounts receivable | 41 | €159,200 | €244,042 | +€84,842 | +53.3% |
| Current investments | 50/53 | €64,846 | €64,846 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €191,189 | €211,771 | +€20,582 | +10.8% |
| Deferred charges and accrued income | 490/1 | €61,771 | €67,546 | +€5,774 | +9.3% |
| Total equity and liabilities | 10/49 | €1,248,032 | €1,295,931 | +€47,900 | +3.8% |
| Equity | 10/15 | €982,345 | €988,159 | +€5,815 | +0.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €963,795 | €969,609 | +€5,815 | +0.6% |
| Distributable reserves | 133 | €963,795 | €969,609 | +€5,815 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €265,687 | €307,772 | +€42,085 | +15.8% |
| Amounts payable within one year | 42/48 | €264,942 | €306,212 | +€41,269 | +15.6% |
| Trade debts | 44 | €17,869 | €24,051 | +€6,182 | +34.6% |
| Suppliers | 440/4 | €17,869 | €24,051 | +€6,182 | +34.6% |
| Taxes, remuneration and social security | 45 | €77,808 | €82,057 | +€4,249 | +5.5% |
| Taxes | 450/3 | €37,600 | €36,423 | -€1,177 | -3.1% |
| Remuneration and social security | 454/9 | €40,208 | €45,634 | +€5,426 | +13.5% |
| Other amounts payable | 47/48 | €169,265 | €200,104 | +€30,838 | +18.2% |
| Accrued charges and deferred income | 492/3 | €745 | €1,560 | +€816 | +110% |
| Remuneration, social security and pensions | 62 | €378,099 | €453,175 | +€75,076 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,670 | €100,621 | +€8,950 | +9.8% |
| Other operating charges | 640/8 | €21,019 | €8,736 | -€12,283 | -58.4% |
| Gross operating margin | 9900 | €810,519 | €870,354 | +€59,835 | +7.4% |
| Operating profit (loss) | 9901 | €319,731 | €307,823 | -€11,908 | -3.7% |
| Financial income | 75/76B | €5,930 | €6,045 | +€114 | +1.9% |
| Recurring financial income | 75 | €5,930 | €6,045 | +€114 | +1.9% |
| Financial charges | 65/66B | €19,361 | €11,090 | -€8,271 | -42.7% |
| Recurring financial charges | 65 | €19,361 | €11,090 | -€8,271 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €306,300 | €302,777 | -€3,522 | -1.1% |
| Income taxes | 67/77 | €99,301 | €98,492 | -€809 | -0.8% |
| Profit (loss) for the period | 9904 | €206,999 | €204,286 | -€2,713 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €206,999 | €204,286 | -€2,713 | -1.3% |
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 13 October 2026 via checked.be.