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 +€87,124
up €87,124 (+149%), from €58,361 to €145,485
of which Land and buildings: +€76,819
- Receivables within one year -€44,593
down €44,593 (-56.9%), from €78,365 to €33,771
of which Trade receivables: -€26,096
- Financial fixed assets -€15,000
down €15,000 (-100%), from €15,000 to €0
- Cash +€12,269
up €12,269 (+248%), from €4,948 to €17,218
mainly Receivables within one year (+€44,593) and Net result for the year (+€36,772)
- Reserves +€36,477
up €36,477 (+33.7%), from €108,322 to €144,799
of which Distributable reserves: +€36,477
- Tax, wage and social debts +€20,744
up €20,744 (+280%), from €7,404 to €28,148
- Trade debts -€12,549
down €12,549 (-92.8%), from €13,527 to €978
- Debts after one year -€10,360
down €10,360 (-59.1%), from €17,524 to €7,164
- Other debts +€3,525
up €3,525, from €0 to €3,525
- Gross operating margin +€39,498
up €39,498 (+70.4%), from €56,135 to €95,633
- Financial charges +€18,709
up €18,709 (+622%), from €3,007 to €21,716
of which Non-recurring financial charges: +€15,000
- Taxes +€4,683
up €4,683 (+46.1%), from €10,167 to €14,850
- Depreciation +€3,482
up €3,482 (+22.1%), from €15,781 to €19,263
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,192 | €196,474 | +€38,282 | +24.2% |
| Fixed assets | 21/28 | €73,361 | €145,485 | +€72,124 | +98.3% |
| Tangible fixed assets | 22/27 | €58,361 | €145,485 | +€87,124 | +149% |
| Land and buildings | 22 | - | €76,819 | +€76,819 | |
| Plant, machinery and equipment | 23 | €915 | €26,487 | +€25,572 | +2,795% |
| Furniture and vehicles | 24 | €57,002 | €41,791 | -€15,211 | -26.7% |
| Other tangible fixed assets | 26 | €444 | €388 | -€56 | -12.6% |
| Financial fixed assets | 28 | €15,000 | €0 | -€15,000 | -100% |
| Current assets | 29/58 | €84,830 | €50,989 | -€33,842 | -39.9% |
| Amounts receivable within one year | 40/41 | €78,365 | €33,771 | -€44,593 | -56.9% |
| Trade receivables | 40 | €51,692 | €25,596 | -€26,096 | -50.5% |
| Other amounts receivable | 41 | €26,672 | €8,175 | -€18,497 | -69.4% |
| Cash at bank and in hand | 54/58 | €4,948 | €17,218 | +€12,269 | +248% |
| Deferred charges and accrued income | 490/1 | €1,518 | €0 | -€1,518 | -100% |
| Total equity and liabilities | 10/49 | €158,192 | €196,474 | +€38,282 | +24.2% |
| Equity | 10/15 | €109,822 | €146,299 | +€36,477 | +33.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €108,322 | €144,799 | +€36,477 | +33.7% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | - | -€150 | |
| Other | 1319 | - | €150 | +€150 | |
| Distributable reserves | 133 | €108,172 | €144,649 | +€36,477 | +33.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,369 | €50,175 | +€1,806 | +3.7% |
| Amounts payable after more than one year | 17 | €17,524 | €7,164 | -€10,360 | -59.1% |
| Financial debts | 170/4 | €17,524 | €7,164 | -€10,360 | -59.1% |
| Amounts payable within one year | 42/48 | €30,845 | €43,011 | +€12,166 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €9,914 | €10,360 | +€446 | +4.5% |
| Trade debts | 44 | €13,527 | €978 | -€12,549 | -92.8% |
| Suppliers | 440/4 | €13,527 | €978 | -€12,549 | -92.8% |
| Taxes, remuneration and social security | 45 | €7,404 | €28,148 | +€20,744 | +280% |
| Taxes | 450/3 | €7,404 | €28,148 | +€20,744 | +280% |
| Other amounts payable | 47/48 | €0 | €3,525 | +€3,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,781 | €19,263 | +€3,482 | +22.1% |
| Other operating charges | 640/8 | €1,890 | €2,034 | +€144 | +7.6% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €56,135 | €95,633 | +€39,498 | +70.4% |
| Operating profit (loss) | 9901 | €38,464 | €73,336 | +€34,872 | +90.7% |
| Financial income | 75/76B | €42 | €2 | -€40 | -95.2% |
| Recurring financial income | 75 | €42 | €2 | -€40 | -95.2% |
| Financial charges | 65/66B | €3,007 | €21,716 | +€18,709 | +622% |
| Recurring financial charges | 65 | €3,007 | €6,716 | +€3,709 | +123% |
| Non-recurring financial charges | 66B | - | €15,000 | +€15,000 | |
| Profit (loss) for the period before taxes | 9903 | €35,499 | €51,622 | +€16,123 | +45.4% |
| Income taxes | 67/77 | €10,167 | €14,850 | +€4,683 | +46.1% |
| Profit (loss) for the period | 9904 | €25,332 | €36,772 | +€11,440 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,332 | €36,772 | +€11,440 | +45.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.