Van Den Broeck-De Becker: 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-De Becker
Largest movements
- Cash +€46,831
up €46,831 (+22.0%), from €212,920 to €259,751
mainly Net result for the year (+€28,462) and Other debts (+€15,003)
- Tangible fixed assets -€10,507
down €10,507 (-27.6%), from €38,042 to €27,535
of which Furniture and vehicles: -€9,850
- Stocks and contracts -€6,133
down €6,133 (-12.2%), from €50,256 to €44,124
- Other debts +€15,003
up €15,003 (+14.4%), from €103,895 to €118,898
- Reserves +€14,165
up €14,165 (+10.1%), from €139,729 to €153,893
of which Distributable reserves: +€14,165
- Tax, wage and social debts +€9,890
up €9,890 (+35.3%), from €28,040 to €37,929
of which Remuneration and social security: +€6,272
- Debts after one year -€6,355
down €6,355 (-40.0%), from €15,888 to €9,533
- Gross operating margin +€12,251
up €12,251 (+18.3%), from €66,872 to €79,123
- Taxes +€3,642
up €3,642 (+36.3%), from €10,025 to €13,667
- Staff costs +€861
up €861 (+3.7%), from €23,137 to €23,998
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 | €308,730 | €340,135 | +€31,405 | +10.2% |
| Fixed assets | 21/28 | €38,042 | €27,535 | -€10,507 | -27.6% |
| Tangible fixed assets | 22/27 | €38,042 | €27,535 | -€10,507 | -27.6% |
| Plant, machinery and equipment | 23 | €5,098 | €4,441 | -€657 | -12.9% |
| Furniture and vehicles | 24 | €32,944 | €23,094 | -€9,850 | -29.9% |
| Current assets | 29/58 | €270,688 | €312,600 | +€41,912 | +15.5% |
| Stocks and contracts in progress | 3 | €50,256 | €44,124 | -€6,133 | -12.2% |
| Stocks | 30/36 | €50,256 | €44,124 | -€6,133 | -12.2% |
| Amounts receivable within one year | 40/41 | €7,098 | €8,200 | +€1,102 | +15.5% |
| Trade receivables | 40 | €7,098 | €8,200 | +€1,102 | +15.5% |
| Cash at bank and in hand | 54/58 | €212,920 | €259,751 | +€46,831 | +22.0% |
| Deferred charges and accrued income | 490/1 | €414 | €525 | +€111 | +26.9% |
| Total equity and liabilities | 10/49 | €308,730 | €340,135 | +€31,405 | +10.2% |
| Equity | 10/15 | €145,929 | €160,093 | +€14,165 | +9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,729 | €153,893 | +€14,165 | +10.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €137,869 | €152,033 | +€14,165 | +10.3% |
| Amounts payable | 17/49 | €162,801 | €180,042 | +€17,241 | +10.6% |
| Amounts payable after more than one year | 17 | €15,888 | €9,533 | -€6,355 | -40.0% |
| Financial debts | 170/4 | €15,888 | €9,533 | -€6,355 | -40.0% |
| Amounts payable within one year | 42/48 | €146,913 | €170,509 | +€23,596 | +16.1% |
| Financial debts | 43 | €6,355 | €6,355 | = | 0.0% |
| Other loans | 439 | €6,355 | €6,355 | = | 0.0% |
| Trade debts | 44 | €6,674 | €5,377 | -€1,296 | -19.4% |
| Suppliers | 440/4 | €6,674 | €5,377 | -€1,296 | -19.4% |
| Advances received on contracts in progress | 46 | €1,949 | €1,949 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €28,040 | €37,929 | +€9,890 | +35.3% |
| Taxes | 450/3 | €2,808 | €6,425 | +€3,618 | +129% |
| Remuneration and social security | 454/9 | €25,232 | €31,504 | +€6,272 | +24.9% |
| Other amounts payable | 47/48 | €103,895 | €118,898 | +€15,003 | +14.4% |
| Remuneration, social security and pensions | 62 | €23,137 | €23,998 | +€861 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,550 | €10,507 | -€43 | -0.4% |
| Other operating charges | 640/8 | €424 | €743 | +€320 | +75.5% |
| Gross operating margin | 9900 | €66,872 | €79,123 | +€12,251 | +18.3% |
| Operating profit (loss) | 9901 | €32,762 | €43,875 | +€11,114 | +33.9% |
| Financial income | 75/76B | €40 | €11 | -€29 | -73.6% |
| Recurring financial income | 75 | €40 | €11 | -€29 | -73.6% |
| Financial charges | 65/66B | €2,245 | €1,757 | -€488 | -21.7% |
| Recurring financial charges | 65 | €2,245 | €1,757 | -€488 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €30,557 | €42,129 | +€11,572 | +37.9% |
| Income taxes | 67/77 | €10,025 | €13,667 | +€3,642 | +36.3% |
| Profit (loss) for the period | 9904 | €20,532 | €28,462 | +€7,931 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,532 | €28,462 | +€7,931 | +38.6% |
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 28 October 2026 via checked.be.