Van den Broeck Construct: 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 Construct
Largest movements
- Cash +€11,158
up €11,158 (+155.2%), from €7,188 to €18,345
mainly Tax, wage and social debts (+€12,017) and Depreciation (+€4,873)
- Tangible fixed assets -€4,873
down €4,873 (-24.8%), from €19,688 to €14,815
of which Land and buildings: -€3,504
- Stocks and contracts +€4,810
up €4,810 (+15.4%), from €31,190 to €36,000
of which Contracts in progress: +€12,330
- Receivables within one year -€1,207
down €1,207 (-2.6%), from €46,430 to €45,223
of which Trade receivables: -€1,927
- Tax, wage and social debts +€12,017
up €12,017 (+48.3%), from €24,873 to €36,889
of which Taxes: +€12,017
- Trade debts -€4,880
down €4,880 (-34.1%), from €14,327 to €9,447
- Reserves +€3,355
up €3,355 (+6.9%), from €48,562 to €51,917
- Gross operating margin -€23,611
down €23,611 (-59.3%), from €39,794 to €16,184
- Taxes -€4,220
down €4,220 (-61.4%), from €6,876 to €2,656
- Write-downs -€3,890
down €3,890 (-100.0%), from €3,890 to €0
- Other operating charges +€3,744
up €3,744 (+526.0%), from €712 to €4,455
- Financial income -€1,269
down €1,269 (-71.5%), from €1,776 to €507
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 | €106,779 | €116,854 | +€10,075 | +9.4% |
| Fixed assets | 21/28 | €19,688 | €14,815 | -€4,873 | -24.8% |
| Tangible fixed assets | 22/27 | €19,688 | €14,815 | -€4,873 | -24.8% |
| Land and buildings | 22 | €15,194 | €11,690 | -€3,504 | -23.1% |
| Plant, machinery and equipment | 23 | €430 | €62 | -€368 | -85.6% |
| Furniture and vehicles | 24 | €4,064 | €3,063 | -€1,001 | -24.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €87,091 | €102,039 | +€14,948 | +17.2% |
| Stocks and contracts in progress | 3 | €31,190 | €36,000 | +€4,810 | +15.4% |
| Stocks | 30/36 | €26,520 | €19,000 | -€7,520 | -28.4% |
| Contracts in progress | 37 | €4,670 | €17,000 | +€12,330 | +264.0% |
| Amounts receivable within one year | 40/41 | €46,430 | €45,223 | -€1,207 | -2.6% |
| Trade receivables | 40 | €30,090 | €28,163 | -€1,927 | -6.4% |
| Other amounts receivable | 41 | €16,340 | €17,060 | +€721 | +4.4% |
| Cash at bank and in hand | 54/58 | €7,188 | €18,345 | +€11,158 | +155.2% |
| Deferred charges and accrued income | 490/1 | €2,284 | €2,471 | +€187 | +8.2% |
| Total equity and liabilities | 10/49 | €106,779 | €116,854 | +€10,075 | +9.4% |
| Equity | 10/15 | €67,162 | €70,517 | +€3,355 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,562 | €51,917 | +€3,355 | +6.9% |
| Distributable reserves | 133 | €48,562 | €51,917 | +€3,355 | +6.9% |
| Amounts payable | 17/49 | €39,617 | €46,336 | +€6,720 | +17.0% |
| Amounts payable within one year | 42/48 | €39,200 | €46,336 | +€7,137 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €14,327 | €9,447 | -€4,880 | -34.1% |
| Suppliers | 440/4 | €14,327 | €9,447 | -€4,880 | -34.1% |
| Taxes, remuneration and social security | 45 | €24,873 | €36,889 | +€12,017 | +48.3% |
| Taxes | 450/3 | €24,873 | €36,889 | +€12,017 | +48.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €417 | €0 | -€417 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,847 | €4,873 | +€26 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,890 | €0 | -€3,890 | -100.0% |
| Other operating charges | 640/8 | €712 | €4,455 | +€3,744 | +526.0% |
| Gross operating margin | 9900 | €39,794 | €16,184 | -€23,611 | -59.3% |
| Operating profit (loss) | 9901 | €30,345 | €6,855 | -€23,490 | -77.4% |
| Financial income | 75/76B | €1,776 | €507 | -€1,269 | -71.5% |
| Recurring financial income | 75 | €1,776 | €507 | -€1,269 | -71.5% |
| Financial charges | 65/66B | €2,269 | €1,351 | -€918 | -40.5% |
| Recurring financial charges | 65 | €2,269 | €1,351 | -€918 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €29,852 | €6,011 | -€23,841 | -79.9% |
| Income taxes | 67/77 | €6,876 | €2,656 | -€4,220 | -61.4% |
| Profit (loss) for the period | 9904 | €22,977 | €3,355 | -€19,622 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,977 | €3,355 | -€19,622 | -85.4% |
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 11 October 2026 via checked.be.