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 +€108,178
up €108,178 (+187%), from €57,893 to €166,071
of which Furniture and vehicles: +€103,849
- Receivables within one year +€56,556
up €56,556 (+152%), from €37,186 to €93,742
of which Trade receivables: +€37,267
- Cash -€32,954
down €32,954 (-92.7%), from €35,538 to €2,584
mainly Investment in fixed assets (net) (-€125,622) and Receivables within one year (-€56,556)
- Stocks and contracts -€8,822
down €8,822 (-24.7%), from €35,647 to €26,825
- Debts after one year +€96,263
new in 2025: €96,263
- Other debts +€20,724
up €20,724 (+52.2%), from €39,677 to €60,401
- Reserves -€13,000
down €13,000 (-14.3%), from €91,183 to €78,183
of which Distributable reserves: -€13,000
- Trade debts +€11,109
up €11,109 (+767%), from €1,448 to €12,557
- Current portion of long-term debt +€6,126
up €6,126 (+235%), from €2,611 to €8,737
- Gross operating margin -€11,470
down €11,470 (-24.0%), from €47,851 to €36,381
- Depreciation -€3,942
down €3,942 (-18.4%), from €21,386 to €17,444
- Staff costs -€2,343
down €2,343 (-20.2%), from €11,575 to €9,232
- Taxes -€1,687
down €1,687 (-56.1%), from €3,009 to €1,323
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 | €168,673 | €291,564 | +€122,891 | +72.9% |
| Fixed assets | 21/28 | €57,893 | €166,071 | +€108,178 | +187% |
| Tangible fixed assets | 22/27 | €57,893 | €166,071 | +€108,178 | +187% |
| Land and buildings | 22 | €35,096 | €37,807 | +€2,711 | +7.7% |
| Plant, machinery and equipment | 23 | €22,797 | €24,414 | +€1,618 | +7.1% |
| Furniture and vehicles | 24 | - | €103,849 | +€103,849 | |
| Current assets | 29/58 | €110,781 | €125,493 | +€14,713 | +13.3% |
| Stocks and contracts in progress | 3 | €35,647 | €26,825 | -€8,822 | -24.7% |
| Stocks | 30/36 | €35,647 | €26,825 | -€8,822 | -24.7% |
| Amounts receivable within one year | 40/41 | €37,186 | €93,742 | +€56,556 | +152% |
| Trade receivables | 40 | €34,069 | €71,335 | +€37,267 | +109% |
| Other amounts receivable | 41 | €3,118 | €22,407 | +€19,289 | +619% |
| Cash at bank and in hand | 54/58 | €35,538 | €2,584 | -€32,954 | -92.7% |
| Deferred charges and accrued income | 490/1 | €2,410 | €2,343 | -€68 | -2.8% |
| Total equity and liabilities | 10/49 | €168,673 | €291,564 | +€122,891 | +72.9% |
| Equity | 10/15 | €117,897 | €107,766 | -€10,131 | -8.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €91,183 | €78,183 | -€13,000 | -14.3% |
| Tax-exempt reserves | 132 | €27,833 | €27,833 | = | 0.0% |
| Distributable reserves | 133 | €63,350 | €50,350 | -€13,000 | -20.5% |
| Profit (loss) carried forward | 14 | €26,214 | €29,083 | +€2,869 | +10.9% |
| Amounts payable | 17/49 | €50,776 | €183,798 | +€133,022 | +262% |
| Amounts payable after more than one year | 17 | - | €96,263 | +€96,263 | |
| Financial debts | 170/4 | - | €96,263 | +€96,263 | |
| Amounts payable within one year | 42/48 | €50,502 | €87,535 | +€37,033 | +73.3% |
| Current portion of amounts payable after more than one year | 42 | €2,611 | €8,737 | +€6,126 | +235% |
| Trade debts | 44 | €1,448 | €12,557 | +€11,109 | +767% |
| Suppliers | 440/4 | €1,448 | €12,557 | +€11,109 | +767% |
| Taxes, remuneration and social security | 45 | €6,766 | €5,840 | -€926 | -13.7% |
| Taxes | 450/3 | €5,454 | €5,373 | -€81 | -1.5% |
| Remuneration and social security | 454/9 | €1,313 | €467 | -€845 | -64.4% |
| Other amounts payable | 47/48 | €39,677 | €60,401 | +€20,724 | +52.2% |
| Accrued charges and deferred income | 492/3 | €275 | €0 | -€275 | -100% |
| Non-recurring operating income | 76A | €1,875 | €25,000 | +€23,125 | +1,233% |
| Remuneration, social security and pensions | 62 | €11,575 | €9,232 | -€2,343 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,386 | €17,444 | -€3,942 | -18.4% |
| Other operating charges | 640/8 | €1,194 | €1,237 | +€43 | +3.6% |
| Gross operating margin | 9900 | €47,851 | €36,381 | -€11,470 | -24.0% |
| Operating profit (loss) | 9901 | €13,696 | €8,468 | -€5,228 | -38.2% |
| Financial income | 75/76B | €8 | €34 | +€27 | +343% |
| Recurring financial income | 75 | €8 | €34 | +€27 | +343% |
| Financial charges | 65/66B | €4,085 | €4,311 | +€226 | +5.5% |
| Recurring financial charges | 65 | €4,085 | €4,311 | +€226 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €9,618 | €4,191 | -€5,427 | -56.4% |
| Income taxes | 67/77 | €3,009 | €1,323 | -€1,687 | -56.1% |
| Profit (loss) for the period | 9904 | €6,609 | €2,869 | -€3,740 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,609 | €2,869 | -€3,740 | -56.6% |
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 25 October 2026 via checked.be.