VAN DEN BROECKE: 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 BROECKE
Largest movements
- Cash +€1.7m
up €1.7m (+5,853%), from €29,422 to €1.8m
mainly Net result for the year (+€1.4m) and Current investments (+€150,001)
- Current investments -€150,001
down €150,001 (-98.2%), from €152,810 to €2,809
- Tangible fixed assets +€73,372
up €73,372 (+4.1%), from €1.8m to €1.9m
of which Land and buildings: +€199,277
- Receivables within one year -€47,266
down €47,266 (-50.5%), from €93,609 to €46,343
of which Trade receivables: -€82,098
- Reserves +€1.3m
up €1.3m (+281%), from €446,213 to €1.7m
of which Distributable reserves: +€1.3m
- Tax, wage and social debts +€114,774
up €114,774 (+171%), from €67,129 to €181,903
of which Taxes: +€147,407
- Other debts +€109,492
up €109,492 (+5,718%), from €1,915 to €111,407
- Debts after one year +€88,472
up €88,472 (+8.8%), from €1.0m to €1.1m
- Gross operating margin +€1.9m
up €1.9m (+313%), from €596,441 to €2.5m
- Taxes +€646,211
up €646,211 (+2,285%), from €28,282 to €674,492
- Depreciation -€124,403
down €124,403 (-48.0%), from €259,287 to €134,884
- Staff costs -€72,274
down €72,274 (-32.4%), from €223,190 to €150,916
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 | €2,068,683 | €3,666,707 | +€1.6m | +77.2% |
| Fixed assets | 21/28 | €1,792,842 | €1,866,164 | +€73,322 | +4.1% |
| Tangible fixed assets | 22/27 | €1,787,848 | €1,861,219 | +€73,372 | +4.1% |
| Land and buildings | 22 | €1,533,483 | €1,732,760 | +€199,277 | +13.0% |
| Plant, machinery and equipment | 23 | €28,428 | €19,968 | -€8,460 | -29.8% |
| Furniture and vehicles | 24 | €225,937 | €108,491 | -€117,446 | -52.0% |
| Financial fixed assets | 28 | €4,995 | €4,945 | -€50 | -1.0% |
| Current assets | 29/58 | €275,841 | €1,800,542 | +€1.5m | +553% |
| Amounts receivable within one year | 40/41 | €93,609 | €46,343 | -€47,266 | -50.5% |
| Trade receivables | 40 | €83,831 | €1,732 | -€82,098 | -97.9% |
| Other amounts receivable | 41 | €9,778 | €44,611 | +€34,833 | +356% |
| Current investments | 50/53 | €152,810 | €2,809 | -€150,001 | -98.2% |
| Cash at bank and in hand | 54/58 | €29,422 | €1,751,390 | +€1.7m | +5,853% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,068,683 | €3,666,707 | +€1.6m | +77.2% |
| Equity | 10/15 | €771,021 | €2,022,763 | +€1.3m | +162% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €446,213 | €1,697,955 | +€1.3m | +281% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €441,213 | €1,692,955 | +€1.3m | +284% |
| Profit (loss) carried forward | 14 | €274,808 | €274,808 | = | 0.0% |
| Amounts payable | 17/49 | €1,297,662 | €1,643,944 | +€346,282 | +26.7% |
| Amounts payable after more than one year | 17 | €1,004,774 | €1,093,246 | +€88,472 | +8.8% |
| Financial debts | 170/4 | €1,004,774 | €1,093,246 | +€88,472 | +8.8% |
| Amounts payable within one year | 42/48 | €291,028 | €546,550 | +€255,522 | +87.8% |
| Current portion of amounts payable after more than one year | 42 | €152,701 | €158,901 | +€6,200 | +4.1% |
| Financial debts | 43 | €47 | €0 | -€47 | -100% |
| Credit institutions | 430/8 | €47 | €0 | -€47 | -100% |
| Trade debts | 44 | €69,237 | €94,339 | +€25,103 | +36.3% |
| Suppliers | 440/4 | €69,237 | €94,339 | +€25,103 | +36.3% |
| Taxes, remuneration and social security | 45 | €67,129 | €181,903 | +€114,774 | +171% |
| Taxes | 450/3 | €30,651 | €178,058 | +€147,407 | +481% |
| Remuneration and social security | 454/9 | €36,477 | €3,844 | -€32,633 | -89.5% |
| Other amounts payable | 47/48 | €1,915 | €111,407 | +€109,492 | +5,718% |
| Accrued charges and deferred income | 492/3 | €1,860 | €4,148 | +€2,288 | +123% |
| Non-recurring operating income | 76A | - | €1,605 | +€1,605 | |
| Remuneration, social security and pensions | 62 | €223,190 | €150,916 | -€72,274 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,287 | €134,884 | -€124,403 | -48.0% |
| Other operating charges | 640/8 | €22,953 | €42,381 | +€19,428 | +84.6% |
| Gross operating margin | 9900 | €596,441 | €2,462,076 | +€1.9m | +313% |
| Operating profit (loss) | 9901 | €91,011 | €2,133,896 | +€2.0m | +2,245% |
| Financial income | 75/76B | €9,725 | €8,632 | -€1,092 | -11.2% |
| Recurring financial income | 75 | €9,725 | €8,632 | -€1,092 | -11.2% |
| Financial charges | 65/66B | €35,245 | €47,530 | +€12,285 | +34.9% |
| Recurring financial charges | 65 | €35,245 | €47,530 | +€12,285 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €65,490 | €2,094,998 | +€2.0m | +3,099% |
| Income taxes | 67/77 | €28,282 | €674,492 | +€646,211 | +2,285% |
| Profit (loss) for the period | 9904 | €37,209 | €1,420,506 | +€1.4m | +3,718% |
| Profit (loss) for the period to be appropriated | 9905 | €37,209 | €1,420,506 | +€1.4m | +3,718% |
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.