VAN DEN BROECK: 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.
VAN DEN BROECK
Largest movements
- Cash +€558,072
up €558,072 (+117%), from €478,900 to €1.0m
mainly Net result for the year (+€692,994) and Other debts (+€194,222)
- Reserves +€430,777
up €430,777 (+40.8%), from €1.1m to €1.5m
of which Distributable reserves: +€346,577
- Other debts +€194,222
up €194,222 (+256%), from €75,729 to €269,950
- Trade debts -€173,656
down €173,656 (-14.7%), from €1.2m to €1.0m
- Tax, wage and social debts +€89,540
up €89,540 (+108%), from €82,933 to €172,473
of which Taxes: +€72,196
- Gross operating margin +€814,185
up €814,185 (+54.3%), from €1.5m to €2.3m
- Taxes +€192,559
up €192,559 (+149%), from €129,472 to €322,031
- Staff costs +€179,432
up €179,432 (+16.6%), from €1.1m to €1.3m
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 | €2,611,619 | €3,144,768 | +€533,149 | +20.4% |
| Fixed assets | 21/28 | €277,375 | €255,789 | -€21,587 | -7.8% |
| Tangible fixed assets | 22/27 | €275,055 | €253,469 | -€21,587 | -7.8% |
| Land and buildings | 22 | €252,340 | €240,739 | -€11,601 | -4.6% |
| Plant, machinery and equipment | 23 | €3,702 | €3,377 | -€325 | -8.8% |
| Furniture and vehicles | 24 | €19,014 | €9,353 | -€9,661 | -50.8% |
| Financial fixed assets | 28 | €2,320 | €2,320 | = | 0.0% |
| Current assets | 29/58 | €2,334,244 | €2,888,979 | +€554,736 | +23.8% |
| Stocks and contracts in progress | 3 | €192,818 | €188,347 | -€4,471 | -2.3% |
| Stocks | 30/36 | €192,818 | €188,347 | -€4,471 | -2.3% |
| Amounts receivable within one year | 40/41 | €1,657,333 | €1,658,325 | +€992 | +0.1% |
| Trade receivables | 40 | €1,432,167 | €1,448,470 | +€16,303 | +1.1% |
| Other amounts receivable | 41 | €225,166 | €209,855 | -€15,311 | -6.8% |
| Cash at bank and in hand | 54/58 | €478,900 | €1,036,972 | +€558,072 | +117% |
| Deferred charges and accrued income | 490/1 | €5,192 | €5,334 | +€142 | +2.7% |
| Total equity and liabilities | 10/49 | €2,611,619 | €3,144,768 | +€533,149 | +20.4% |
| Equity | 10/15 | €1,274,588 | €1,697,631 | +€423,043 | +33.2% |
| Contributions | 10/11 | €117,000 | €117,000 | = | 0.0% |
| Capital | 10 | €117,000 | €117,000 | = | 0.0% |
| Issued capital | 100 | €117,000 | €117,000 | = | 0.0% |
| Revaluation surpluses | 12 | €100,541 | €92,807 | -€7,734 | -7.7% |
| Reserves | 13 | €1,057,046 | €1,487,823 | +€430,777 | +40.8% |
| Non-distributable reserves | 130/1 | €11,700 | €11,700 | = | 0.0% |
| Legal reserve | 130 | €11,700 | €11,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,975 | €87,175 | +€84,200 | +2,831% |
| Distributable reserves | 133 | €1,042,371 | €1,388,949 | +€346,577 | +33.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,337,031 | €1,447,137 | +€110,106 | +8.2% |
| Amounts payable within one year | 42/48 | €1,337,031 | €1,447,137 | +€110,106 | +8.2% |
| Trade debts | 44 | €1,178,370 | €1,004,714 | -€173,656 | -14.7% |
| Suppliers | 440/4 | €1,178,370 | €1,004,714 | -€173,656 | -14.7% |
| Taxes, remuneration and social security | 45 | €82,933 | €172,473 | +€89,540 | +108% |
| Taxes | 450/3 | €7 | €72,203 | +€72,196 | +1,040,293% |
| Remuneration and social security | 454/9 | €82,926 | €100,270 | +€17,344 | +20.9% |
| Other amounts payable | 47/48 | €75,729 | €269,950 | +€194,222 | +256% |
| Remuneration, social security and pensions | 62 | €1,078,986 | €1,258,418 | +€179,432 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,876 | €24,633 | +€756 | +3.2% |
| Other operating charges | 640/8 | €11,115 | €13,753 | +€2,638 | +23.7% |
| Gross operating margin | 9900 | €1,499,092 | €2,313,278 | +€814,185 | +54.3% |
| Operating profit (loss) | 9901 | €385,114 | €1,016,474 | +€631,360 | +164% |
| Financial income | 75/76B | €3,147 | €3,333 | +€186 | +5.9% |
| Recurring financial income | 75 | €3,147 | €3,333 | +€186 | +5.9% |
| Financial charges | 65/66B | €18,406 | €4,783 | -€13,623 | -74.0% |
| Recurring financial charges | 65 | €18,406 | €4,783 | -€13,623 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | €369,856 | €1,015,025 | +€645,169 | +174% |
| Income taxes | 67/77 | €129,472 | €322,031 | +€192,559 | +149% |
| Profit (loss) for the period | 9904 | €240,384 | €692,994 | +€452,610 | +188% |
| Transfer from tax-exempt reserves | 789 | €19,768 | €0 | -€19,768 | -100% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €260,152 | €608,794 | +€348,642 | +134% |
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 31 October 2026 via checked.be.