V D BROECK INV: 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.
V D BROECK INV
Largest movements
- Tangible fixed assets -€33,652
down €33,652 (-8.4%), from €401,073 to €367,420
of which Leasing and similar rights: -€26,552
- Receivables within one year +€17,936
up €17,936 (+452%), from €3,966 to €21,901
of which Trade receivables: +€15,819
- Debts after one year -€17,654
down €17,654 (-23.4%), from €75,474 to €57,820
- Accrued charges and deferred income +€8,576
new in 2025: €8,576
- Reserves -€8,548
down €8,548 (-9.6%), from €89,243 to €80,695
of which Distributable reserves: -€8,548
- Gross operating margin -€13,137
down €13,137 (-22.2%), from €59,146 to €46,009
- Other operating charges -€2,436
down €2,436 (-17.0%), from €14,299 to €11,863
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 | €416,464 | €398,701 | -€17,764 | -4.3% |
| Fixed assets | 21/28 | €401,073 | €369,517 | -€31,556 | -7.9% |
| Tangible fixed assets | 22/27 | €401,073 | €367,420 | -€33,652 | -8.4% |
| Land and buildings | 22 | €272,139 | €265,034 | -€7,105 | -2.6% |
| Plant, machinery and equipment | 23 | €14,167 | €16,356 | +€2,189 | +15.5% |
| Furniture and vehicles | 24 | €8,558 | €6,373 | -€2,185 | -25.5% |
| Leasing and similar rights | 25 | €106,209 | €79,657 | -€26,552 | -25.0% |
| Financial fixed assets | 28 | - | €2,096 | +€2,096 | |
| Current assets | 29/58 | €15,391 | €29,184 | +€13,793 | +89.6% |
| Amounts receivable within one year | 40/41 | €3,966 | €21,901 | +€17,936 | +452% |
| Trade receivables | 40 | €3,966 | €19,785 | +€15,819 | +399% |
| Other amounts receivable | 41 | - | €2,117 | +€2,117 | |
| Cash at bank and in hand | 54/58 | €6,295 | €3,415 | -€2,880 | -45.8% |
| Deferred charges and accrued income | 490/1 | €5,131 | €3,868 | -€1,263 | -24.6% |
| Total equity and liabilities | 10/49 | €416,464 | €398,701 | -€17,764 | -4.3% |
| Equity | 10/15 | €319,243 | €310,695 | -€8,548 | -2.7% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Capital | 10 | €230,000 | €230,000 | = | 0.0% |
| Issued capital | 100 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €89,243 | €80,695 | -€8,548 | -9.6% |
| Non-distributable reserves | 130/1 | €23,000 | €23,000 | = | 0.0% |
| Legal reserve | 130 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €66,243 | €57,695 | -€8,548 | -12.9% |
| Amounts payable | 17/49 | €97,221 | €88,005 | -€9,216 | -9.5% |
| Amounts payable after more than one year | 17 | €75,474 | €57,820 | -€17,654 | -23.4% |
| Financial debts | 170/4 | €75,474 | €57,820 | -€17,654 | -23.4% |
| Amounts payable within one year | 42/48 | €21,747 | €21,610 | -€138 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €16,971 | €17,654 | +€683 | +4.0% |
| Trade debts | 44 | €3,004 | €1,664 | -€1,340 | -44.6% |
| Suppliers | 440/4 | €3,004 | €1,664 | -€1,340 | -44.6% |
| Taxes, remuneration and social security | 45 | €1,772 | €2,292 | +€520 | +29.3% |
| Taxes | 450/3 | €1,772 | €2,292 | +€520 | +29.3% |
| Accrued charges and deferred income | 492/3 | - | €8,576 | +€8,576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,363 | €38,859 | -€504 | -1.3% |
| Other operating charges | 640/8 | €14,299 | €11,863 | -€2,436 | -17.0% |
| Gross operating margin | 9900 | €59,146 | €46,009 | -€13,137 | -22.2% |
| Operating profit (loss) | 9901 | €5,485 | -€4,713 | -€10,197 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €4,189 | €3,835 | -€354 | -8.5% |
| Recurring financial charges | 65 | €4,189 | €3,835 | -€354 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €1,305 | -€8,548 | -€9,853 | |
| Income taxes | 67/77 | €461 | - | -€461 | |
| Profit (loss) for the period | 9904 | €844 | -€8,548 | -€9,392 | |
| Profit (loss) for the period to be appropriated | 9905 | €844 | -€8,548 | -€9,392 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.