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
- Tangible fixed assets +€24,321
up €24,321 (+85.3%), from €28,509 to €52,830
of which Leasing and similar rights: +€19,297
- Receivables within one year +€2,783
up €2,783 (+115%), from €2,429 to €5,212
of which Trade receivables: +€3,630
- Deferred charges and accrued income +€2,745
up €2,745 (+366%), from €750 to €3,495
- Cash -€1,851
down €1,851 (-72.6%), from €2,551 to €700
mainly Investment in fixed assets (net) (-€36,390) and Short-term financial debts (-€4,539)
- Stocks and contracts -€1,370
down €1,370 (-17.3%), from €7,910 to €6,540
- Debts after one year +€13,433
up €13,433 (+98.6%), from €13,621 to €27,053
- Profit (loss) carried forward +€12,961
up €12,961 (+90.5%), from -€14,323 to -€1,361
- Current portion of long-term debt +€5,798
up €5,798 (+76.7%), from €7,557 to €13,354
- Short-term financial debts -€4,539
no longer reported in 2025 (was €4,539)
- Trade debts -€996
down €996 (-9.7%), from €10,303 to €9,306
- Gross operating margin +€15,508
up €15,508 (+92.5%), from €16,768 to €32,276
- Depreciation +€3,835
up €3,835 (+45.6%), from €8,410 to €12,245
- Taxes +€1,245
up €1,245 (+65.5%), from €1,901 to €3,145
- Financial income -€1,003
down €1,003 (-35.0%), from €2,868 to €1,865
- Financial charges +€494
up €494 (+14.7%), from €3,359 to €3,854
of which Financial charges: +€493
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 | €45,496 | €71,948 | +€26,452 | +58.1% |
| Fixed assets | 21/28 | €31,856 | €56,001 | +€24,145 | +75.8% |
| Tangible fixed assets | 22/27 | €28,509 | €52,830 | +€24,321 | +85.3% |
| Plant, machinery and equipment | 23 | €3,138 | €8,162 | +€5,024 | +160% |
| Leasing and similar rights | 25 | €25,371 | €44,668 | +€19,297 | +76.1% |
| Financial fixed assets | 28 | €3,346 | €3,170 | -€176 | -5.3% |
| Current assets | 29/58 | €13,641 | €15,948 | +€2,307 | +16.9% |
| Stocks and contracts in progress | 3 | €7,910 | €6,540 | -€1,370 | -17.3% |
| Stocks | 30/36 | €7,910 | €6,540 | -€1,370 | -17.3% |
| Amounts receivable within one year | 40/41 | €2,429 | €5,212 | +€2,783 | +115% |
| Trade receivables | 40 | - | €3,630 | +€3,630 | |
| Other amounts receivable | 41 | €2,429 | €1,582 | -€847 | -34.9% |
| Cash at bank and in hand | 54/58 | €2,551 | €700 | -€1,851 | -72.6% |
| Deferred charges and accrued income | 490/1 | €750 | €3,495 | +€2,745 | +366% |
| Total equity and liabilities | 10/49 | €45,496 | €71,948 | +€26,452 | +58.1% |
| Equity | 10/15 | €4,269 | €17,231 | +€12,961 | +304% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,323 | -€1,361 | +€12,961 | +90.5% |
| Amounts payable | 17/49 | €41,227 | €54,718 | +€13,491 | +32.7% |
| Amounts payable after more than one year | 17 | €13,621 | €27,053 | +€13,433 | +98.6% |
| Financial debts | 170/4 | €13,621 | €27,053 | +€13,433 | +98.6% |
| Amounts payable within one year | 42/48 | €27,606 | €27,665 | +€58 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €7,557 | €13,354 | +€5,798 | +76.7% |
| Financial debts | 43 | €4,539 | - | -€4,539 | |
| Credit institutions | 430/8 | €4,539 | - | -€4,539 | |
| Trade debts | 44 | €10,303 | €9,306 | -€996 | -9.7% |
| Suppliers | 440/4 | €10,303 | €9,306 | -€996 | -9.7% |
| Taxes, remuneration and social security | 45 | €2,158 | €2,545 | +€387 | +17.9% |
| Taxes | 450/3 | €2,158 | €2,545 | +€387 | +17.9% |
| Other amounts payable | 47/48 | €3,050 | €2,459 | -€592 | -19.4% |
| Non-recurring operating income | 76A | €1 | €9,000 | +€9,000 | +1,578,914% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,410 | €12,245 | +€3,835 | +45.6% |
| Other operating charges | 640/8 | €330 | €270 | -€60 | -18.2% |
| Gross operating margin | 9900 | €16,768 | €32,276 | +€15,508 | +92.5% |
| Operating profit (loss) | 9901 | €8,029 | €19,761 | +€11,733 | +146% |
| Financial income | 75/76B | €2,868 | €1,865 | -€1,003 | -35.0% |
| Recurring financial income | 75 | €2,868 | €1,865 | -€1,003 | -35.0% |
| Financial charges | 65/66B | €3,359 | €3,854 | +€494 | +14.7% |
| Recurring financial charges | 65 | €3,359 | €3,852 | +€493 | +14.7% |
| Non-recurring financial charges | 66B | €1 | €2 | +€2 | +270% |
| Profit (loss) for the period before taxes | 9903 | €7,537 | €17,772 | +€10,235 | +136% |
| Income taxes | 67/77 | €1,901 | €3,145 | +€1,245 | +65.5% |
| Profit (loss) for the period | 9904 | €5,636 | €14,627 | +€8,991 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €5,636 | €14,627 | +€8,991 | +160% |
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 24 October 2026 via checked.be.