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 +€261,460
up €261,460 (+21.6%), from €1.2m to €1.5m
mainly Other debts (+€853,137) and Net result for the year (+€315,123)
- Other debts +€853,137
up €853,137 (+506%), from €168,766 to €1.0m
- Reserves -€684,877
down €684,877 (-40.2%), from €1.7m to €1.0m
of which Distributable reserves: -€684,877
- Trade debts +€55,165
up €55,165 (+121%), from €45,682 to €100,847
- Gross operating margin +€322,719
up €322,719 (+45.0%), from €717,439 to €1.0m
- Taxes +€73,739
up €73,739 (+194%), from €38,031 to €111,770
- Staff costs +€20,429
up €20,429 (+4.5%), from €450,221 to €470,651
- Depreciation +€11,222
up €11,222 (+10.5%), from €107,330 to €118,551
- Other operating charges +€11,186
up €11,186 (+209%), from €5,353 to €16,538
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 | €2,009,546 | €2,257,556 | +€248,010 | +12.3% |
| Fixed assets | 21/28 | €236,562 | €214,764 | -€21,798 | -9.2% |
| Tangible fixed assets | 22/27 | €232,933 | €211,135 | -€21,798 | -9.4% |
| Plant, machinery and equipment | 23 | €119,425 | €87,570 | -€31,855 | -26.7% |
| Furniture and vehicles | 24 | €30,606 | €68,452 | +€37,846 | +124% |
| Other tangible fixed assets | 26 | €82,902 | €55,113 | -€27,789 | -33.5% |
| Financial fixed assets | 28 | €3,629 | €3,629 | = | 0.0% |
| Current assets | 29/58 | €1,772,984 | €2,042,792 | +€269,807 | +15.2% |
| Stocks and contracts in progress | 3 | €57,779 | €52,634 | -€5,146 | -8.9% |
| Stocks | 30/36 | €57,779 | €52,634 | -€5,146 | -8.9% |
| Amounts receivable within one year | 40/41 | €496,427 | €509,920 | +€13,493 | +2.7% |
| Trade receivables | 40 | €244,161 | €284,773 | +€40,612 | +16.6% |
| Other amounts receivable | 41 | €252,266 | €225,146 | -€27,119 | -10.8% |
| Cash at bank and in hand | 54/58 | €1,212,157 | €1,473,617 | +€261,460 | +21.6% |
| Deferred charges and accrued income | 490/1 | €6,621 | €6,621 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,009,546 | €2,257,556 | +€248,010 | +12.3% |
| Equity | 10/15 | €1,721,764 | €1,036,887 | -€684,877 | -39.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,703,172 | €1,018,295 | -€684,877 | -40.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,701,313 | €1,016,436 | -€684,877 | -40.3% |
| Amounts payable | 17/49 | €287,782 | €1,220,669 | +€932,887 | +324% |
| Amounts payable within one year | 42/48 | €287,782 | €1,220,669 | +€932,887 | +324% |
| Trade debts | 44 | €45,682 | €100,847 | +€55,165 | +121% |
| Suppliers | 440/4 | €45,682 | €100,847 | +€55,165 | +121% |
| Advances received on contracts in progress | 46 | €29,749 | €43,869 | +€14,120 | +47.5% |
| Taxes, remuneration and social security | 45 | €43,585 | €54,050 | +€10,465 | +24.0% |
| Taxes | 450/3 | €200 | €10,345 | +€10,145 | +5,073% |
| Remuneration and social security | 454/9 | €43,385 | €43,705 | +€320 | +0.7% |
| Other amounts payable | 47/48 | €168,766 | €1,021,903 | +€853,137 | +506% |
| Non-recurring operating income | 76A | - | €11,863 | +€11,863 | |
| Remuneration, social security and pensions | 62 | €450,221 | €470,651 | +€20,429 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,330 | €118,551 | +€11,222 | +10.5% |
| Other operating charges | 640/8 | €5,353 | €16,538 | +€11,186 | +209% |
| Non-recurring operating charges | 66A | €20,502 | €21,580 | +€1,078 | +5.3% |
| Gross operating margin | 9900 | €717,439 | €1,040,158 | +€322,719 | +45.0% |
| Operating profit (loss) | 9901 | €134,033 | €412,837 | +€278,805 | +208% |
| Financial income | 75/76B | €11,124 | €15,109 | +€3,985 | +35.8% |
| Recurring financial income | 75 | €11,124 | €15,109 | +€3,985 | +35.8% |
| Financial charges | 65/66B | €944 | €1,053 | +€109 | +11.5% |
| Recurring financial charges | 65 | €944 | €1,053 | +€109 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €144,212 | €426,893 | +€282,681 | +196% |
| Income taxes | 67/77 | €38,031 | €111,770 | +€73,739 | +194% |
| Profit (loss) for the period | 9904 | €106,181 | €315,123 | +€208,942 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €106,181 | €315,123 | +€208,942 | +197% |
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 18 October 2026 via checked.be.