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
- Tangible fixed assets -€185,756
down €185,756 (-12.6%), from €1.5m to €1.3m
of which Land and buildings: -€180,744
- Receivables within one year +€165,646
up €165,646 (+233%), from €71,000 to €236,646
of which Trade receivables: +€141,343
- Cash -€59,494
down €59,494 (-94.2%), from €63,138 to €3,645
mainly Receivables within one year (-€165,646) and Short-term financial debts (-€140,000)
- Debts after one year +€157,515
up €157,515 (+34.1%), from €462,393 to €619,908
- Short-term financial debts -€140,000
down €140,000 (-31.8%), from €440,000 to €300,000
- Current portion of long-term debt -€75,104
down €75,104 (-66.8%), from €112,466 to €37,362
- Other debts -€46,196
down €46,196 (-14.3%), from €322,648 to €276,451
- Trade debts +€31,409
up €31,409 (+155%), from €20,217 to €51,626
- Financial charges +€13,570
up €13,570 (+31.6%), from €42,909 to €56,478
of which Financial charges: +€9,638
- Gross operating margin -€12,738
down €12,738 (-5.8%), from €217,752 to €205,014
- Taxes -€10,827
down €10,827 (-97.7%), from €11,077 to €249
- Depreciation +€4,763
up €4,763 (+3.3%), from €142,544 to €147,307
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 | €1,617,506 | €1,533,970 | -€83,535 | -5.2% |
| Fixed assets | 21/28 | €1,474,715 | €1,288,959 | -€185,756 | -12.6% |
| Tangible fixed assets | 22/27 | €1,474,715 | €1,288,959 | -€185,756 | -12.6% |
| Land and buildings | 22 | €1,462,439 | €1,281,696 | -€180,744 | -12.4% |
| Furniture and vehicles | 24 | €12,276 | €7,263 | -€5,012 | -40.8% |
| Current assets | 29/58 | €142,791 | €245,011 | +€102,221 | +71.6% |
| Amounts receivable within one year | 40/41 | €71,000 | €236,646 | +€165,646 | +233% |
| Trade receivables | 40 | €71,000 | €212,343 | +€141,343 | +199% |
| Other amounts receivable | 41 | €0 | €24,302 | +€24,302 | |
| Current investments | 50/53 | €8,652 | €4,721 | -€3,932 | -45.4% |
| Cash at bank and in hand | 54/58 | €63,138 | €3,645 | -€59,494 | -94.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,617,506 | €1,533,970 | -€83,535 | -5.2% |
| Equity | 10/15 | €227,526 | €228,266 | +€740 | +0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,075 | €207,815 | +€740 | +0.4% |
| Amounts payable | 17/49 | €1,389,979 | €1,305,704 | -€84,275 | -6.1% |
| Amounts payable after more than one year | 17 | €462,393 | €619,908 | +€157,515 | +34.1% |
| Financial debts | 170/4 | €462,393 | €619,908 | +€157,515 | +34.1% |
| Amounts payable within one year | 42/48 | €927,586 | €685,797 | -€241,790 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €112,466 | €37,362 | -€75,104 | -66.8% |
| Financial debts | 43 | €440,000 | €300,000 | -€140,000 | -31.8% |
| Credit institutions | 430/8 | €440,000 | €300,000 | -€140,000 | -31.8% |
| Trade debts | 44 | €20,217 | €51,626 | +€31,409 | +155% |
| Suppliers | 440/4 | €20,217 | €51,626 | +€31,409 | +155% |
| Taxes, remuneration and social security | 45 | €32,256 | €20,357 | -€11,899 | -36.9% |
| Taxes | 450/3 | €32,256 | €20,357 | -€11,899 | -36.9% |
| Other amounts payable | 47/48 | €322,648 | €276,451 | -€46,196 | -14.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,544 | €147,307 | +€4,763 | +3.3% |
| Other operating charges | 640/8 | €1,393 | €285 | -€1,107 | -79.5% |
| Gross operating margin | 9900 | €217,752 | €205,014 | -€12,738 | -5.8% |
| Operating profit (loss) | 9901 | €73,815 | €57,422 | -€16,393 | -22.2% |
| Financial income | 75/76B | €82 | €46 | -€36 | -43.9% |
| Recurring financial income | 75 | €82 | €46 | -€36 | -43.9% |
| Financial charges | 65/66B | €42,909 | €56,478 | +€13,570 | +31.6% |
| Recurring financial charges | 65 | €42,909 | €52,547 | +€9,638 | +22.5% |
| Non-recurring financial charges | 66B | €0 | €3,932 | +€3,932 | |
| Profit (loss) for the period before taxes | 9903 | €30,988 | €989 | -€29,999 | -96.8% |
| Income taxes | 67/77 | €11,077 | €249 | -€10,827 | -97.7% |
| Profit (loss) for the period | 9904 | €19,911 | €740 | -€19,172 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,911 | €740 | -€19,172 | -96.3% |
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 17 October 2026 via checked.be.