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 +€26,073
up €26,073 (+75.7%), from €34,423 to €60,496
of which Furniture and vehicles: +€25,914
- Stocks and contracts -€8,625
down €8,625 (-68.3%), from €12,631 to €4,007
of which Contracts in progress: -€10,631
- Cash +€6,499
up €6,499 (+21.6%), from €30,084 to €36,584
mainly Debts after one year (+€24,931) and Depreciation (+€9,322)
- Receivables within one year -€2,768
down €2,768 (-17.4%), from €15,951 to €13,183
of which Trade receivables: -€4,087
- Deferred charges and accrued income +€1,243
new in 2025: €1,243
- Debts after one year +€24,931
up €24,931 (+713%), from €3,495 to €28,426
- Reserves -€7,501
down €7,501 (-18.4%), from €40,718 to €33,217
- Trade debts +€2,637
up €2,637 (+21.6%), from €12,204 to €14,841
- Tax, wage and social debts +€1,909
up €1,909 (+86.1%), from €2,218 to €4,128
of which Remuneration and social security: +€2,074
- Gross operating margin -€13,002
down €13,002 (-76.0%), from €17,104 to €4,102
- Taxes -€1,798
down €1,798 (-76.4%), from €2,353 to €556
- Depreciation -€1,728
down €1,728 (-15.6%), from €11,050 to €9,322
- Other operating charges -€833
down €833 (-37.3%), from €2,231 to €1,398
- Financial charges -€488
down €488 (-31.0%), from €1,573 to €1,084
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 | €93,089 | €115,512 | +€22,423 | +24.1% |
| Fixed assets | 21/28 | €34,423 | €60,496 | +€26,073 | +75.7% |
| Tangible fixed assets | 22/27 | €34,423 | €60,496 | +€26,073 | +75.7% |
| Plant, machinery and equipment | 23 | €4,656 | €4,814 | +€159 | +3.4% |
| Furniture and vehicles | 24 | €29,767 | €55,681 | +€25,914 | +87.1% |
| Current assets | 29/58 | €58,666 | €55,016 | -€3,650 | -6.2% |
| Stocks and contracts in progress | 3 | €12,631 | €4,007 | -€8,625 | -68.3% |
| Stocks | 30/36 | €2,000 | €4,007 | +€2,007 | +100% |
| Contracts in progress | 37 | €10,631 | - | -€10,631 | |
| Amounts receivable within one year | 40/41 | €15,951 | €13,183 | -€2,768 | -17.4% |
| Trade receivables | 40 | €7,819 | €3,733 | -€4,087 | -52.3% |
| Other amounts receivable | 41 | €8,131 | €9,450 | +€1,319 | +16.2% |
| Cash at bank and in hand | 54/58 | €30,084 | €36,584 | +€6,499 | +21.6% |
| Deferred charges and accrued income | 490/1 | - | €1,243 | +€1,243 | |
| Total equity and liabilities | 10/49 | €93,089 | €115,512 | +€22,423 | +24.1% |
| Equity | 10/15 | €59,718 | €52,217 | -€7,501 | -12.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €40,718 | €33,217 | -€7,501 | -18.4% |
| Distributable reserves | 133 | €40,718 | €33,217 | -€7,501 | -18.4% |
| Amounts payable | 17/49 | €33,371 | €63,295 | +€29,924 | +89.7% |
| Amounts payable after more than one year | 17 | €3,495 | €28,426 | +€24,931 | +713% |
| Financial debts | 170/4 | €3,495 | €28,426 | +€24,931 | +713% |
| Amounts payable within one year | 42/48 | €29,876 | €34,869 | +€4,993 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €6,793 | €6,876 | +€84 | +1.2% |
| Trade debts | 44 | €12,204 | €14,841 | +€2,637 | +21.6% |
| Suppliers | 440/4 | €12,204 | €14,841 | +€2,637 | +21.6% |
| Taxes, remuneration and social security | 45 | €2,218 | €4,128 | +€1,909 | +86.1% |
| Taxes | 450/3 | €2,218 | €2,053 | -€165 | -7.4% |
| Remuneration and social security | 454/9 | - | €2,074 | +€2,074 | |
| Other amounts payable | 47/48 | €8,661 | €9,023 | +€363 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,050 | €9,322 | -€1,728 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€436 | -€436 | |
| Other operating charges | 640/8 | €2,231 | €1,398 | -€833 | -37.3% |
| Gross operating margin | 9900 | €17,104 | €4,102 | -€13,002 | -76.0% |
| Operating profit (loss) | 9901 | €3,823 | -€6,182 | -€10,005 | |
| Financial income | 75/76B | €203 | €321 | +€118 | +58.0% |
| Recurring financial income | 75 | €203 | €321 | +€118 | +58.0% |
| Financial charges | 65/66B | €1,573 | €1,084 | -€488 | -31.0% |
| Recurring financial charges | 65 | €1,573 | €1,084 | -€488 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €2,453 | -€6,945 | -€9,399 | |
| Income taxes | 67/77 | €2,353 | €556 | -€1,798 | -76.4% |
| Profit (loss) for the period | 9904 | €100 | -€7,501 | -€7,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €100 | -€7,501 | -€7,601 |
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 26 October 2026 via checked.be.