VAN DEN BROECK: what changed
Two fiscal 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 +€98,104
up €98,104 (+85.5%), from €114,728 to €212,831
mainly Net result for the year (+€76,062) and Receivables within one year (+€40,414)
- Receivables within one year -€40,414
down €40,414 (-18.9%), from €213,716 to €173,301
of which Trade receivables: -€36,714
- Stocks and contracts -€8,056
down €8,056 (-31.8%), from €25,294 to €17,238
- Tangible fixed assets -€6,685
down €6,685 (-11.0%), from €61,040 to €54,355
of which Furniture and vehicles: -€16,343
- Tax, wage and social debts +€32,771
up €32,771 (+134.1%), from €24,437 to €57,207
of which Taxes: +€35,929
- Reserves +€26,062
up €26,062 (+28.7%), from €90,710 to €116,772
- Current portion of long-term debt -€13,336
down €13,336 (-83.7%), from €15,928 to €2,591
- Trade debts -€10,120
down €10,120 (-54.9%), from €18,427 to €8,307
- Other debts +€10,000
up €10,000 (+25.0%), from €40,000 to €50,000
- Gross operating margin +€76,792
up €76,792 (+125.7%), from €61,107 to €137,900
- Taxes +€24,689
up €24,689 (+292.1%), from €8,451 to €33,141
- Depreciation +€2,410
up €2,410 (+13.8%), from €17,422 to €19,831
- Other operating charges +€1,595
up €1,595 (+26.0%), from €6,145 to €7,739
- Financial income +€1,530
new in 2025: €1,530
of which Financial income: +€1,530
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.
Cash bridge derived
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 | €415,186 | €457,971 | +€42,785 | +10.3% |
| Fixed assets | 21/28 | €61,189 | €54,503 | -€6,685 | -10.9% |
| Tangible fixed assets | 22/27 | €61,040 | €54,355 | -€6,685 | -11.0% |
| Land and buildings | 22 | - | €12,839 | +€12,839 | |
| Plant, machinery and equipment | 23 | €8,880 | €5,699 | -€3,181 | -35.8% |
| Furniture and vehicles | 24 | €52,160 | €35,817 | -€16,343 | -31.3% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €353,997 | €403,467 | +€49,470 | +14.0% |
| Stocks and contracts in progress | 3 | €25,294 | €17,238 | -€8,056 | -31.8% |
| Stocks | 30/36 | €25,294 | €17,238 | -€8,056 | -31.8% |
| Amounts receivable within one year | 40/41 | €213,716 | €173,301 | -€40,414 | -18.9% |
| Trade receivables | 40 | €54,253 | €17,539 | -€36,714 | -67.7% |
| Other amounts receivable | 41 | €159,463 | €155,763 | -€3,700 | -2.3% |
| Cash at bank and in hand | 54/58 | €114,728 | €212,831 | +€98,104 | +85.5% |
| Deferred charges and accrued income | 490/1 | €260 | €97 | -€163 | -62.8% |
| Total equity and liabilities | 10/49 | €415,186 | €457,971 | +€42,785 | +10.3% |
| Equity | 10/15 | €313,803 | €339,865 | +€26,062 | +8.3% |
| Contributions | 10/11 | €31,620 | €31,620 | = | 0.0% |
| Reserves | 13 | €90,710 | €116,772 | +€26,062 | +28.7% |
| Distributable reserves | 133 | €90,710 | €116,772 | +€26,062 | +28.7% |
| Profit (loss) carried forward | 14 | €191,472 | €191,472 | = | 0.0% |
| Amounts payable | 17/49 | €101,383 | €118,106 | +€16,723 | +16.5% |
| Amounts payable after more than one year | 17 | €2,591 | - | -€2,591 | |
| Financial debts | 170/4 | €2,591 | - | -€2,591 | |
| Amounts payable within one year | 42/48 | €98,792 | €118,106 | +€19,314 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €15,928 | €2,591 | -€13,336 | -83.7% |
| Trade debts | 44 | €18,427 | €8,307 | -€10,120 | -54.9% |
| Suppliers | 440/4 | €18,427 | €8,307 | -€10,120 | -54.9% |
| Taxes, remuneration and social security | 45 | €24,437 | €57,207 | +€32,771 | +134.1% |
| Taxes | 450/3 | €19,686 | €55,615 | +€35,929 | +182.5% |
| Remuneration and social security | 454/9 | €4,751 | €1,593 | -€3,158 | -66.5% |
| Other amounts payable | 47/48 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,422 | €19,831 | +€2,410 | +13.8% |
| Other operating charges | 640/8 | €6,145 | €7,739 | +€1,595 | +26.0% |
| Gross operating margin | 9900 | €61,107 | €137,900 | +€76,792 | +125.7% |
| Operating profit (loss) | 9901 | €37,541 | €110,329 | +€72,788 | +193.9% |
| Financial income | 75/76B | - | €1,530 | +€1,530 | |
| Recurring financial income | 75 | - | €1,530 | +€1,530 | |
| Non-recurring financial income | 76B | - | €1,530 | +€1,530 | |
| Financial charges | 65/66B | €2,321 | €2,656 | +€335 | +14.4% |
| Recurring financial charges | 65 | €2,321 | €2,656 | +€335 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €35,220 | €109,203 | +€73,983 | +210.1% |
| Income taxes | 67/77 | €8,451 | €33,141 | +€24,689 | +292.1% |
| Profit (loss) for the period | 9904 | €26,768 | €76,062 | +€49,294 | +184.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,768 | €76,062 | +€49,294 | +184.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.