VAN DEN BROEK: 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 BROEK
Largest movements
- Receivables within one year +€35,651
up €35,651 (+36.2%), from €98,554 to €134,206
of which Trade receivables: +€19,708
- Cash +€11,745
up €11,745 (+4.0%), from €295,475 to €307,219
mainly Net result for the year (+€188,001) and Depreciation (+€39,899)
- Reserves +€188,001
up €188,001 (+43.3%), from €434,253 to €622,253
- Short-term financial debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Trade debts -€76,861
down €76,861 (-74.3%), from €103,395 to €26,534
- Tax, wage and social debts +€22,362
up €22,362 (+28.9%), from €77,291 to €99,653
of which Remuneration and social security: +€11,433
- Staff costs +€28,061
up €28,061 (+21.3%), from €131,723 to €159,784
- Gross operating margin -€10,314
down €10,314 (-2.2%), from €478,383 to €468,070
- Depreciation +€5,275
up €5,275 (+15.2%), from €34,623 to €39,899
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 | €981,417 | €1,020,546 | +€39,130 | +4.0% |
| Fixed assets | 21/28 | €311,200 | €311,956 | +€756 | +0.2% |
| Tangible fixed assets | 22/27 | €311,200 | €311,956 | +€756 | +0.2% |
| Land and buildings | 22 | €271,400 | €258,208 | -€13,193 | -4.9% |
| Plant, machinery and equipment | 23 | €13,834 | €7,753 | -€6,081 | -44.0% |
| Furniture and vehicles | 24 | €21,026 | €40,109 | +€19,083 | +90.8% |
| Other tangible fixed assets | 26 | €688 | €572 | -€116 | -16.9% |
| Assets under construction and advance payments | 27 | €4,252 | €5,315 | +€1,063 | +25.0% |
| Current assets | 29/58 | €670,216 | €708,590 | +€38,373 | +5.7% |
| Stocks and contracts in progress | 3 | €262,500 | €261,000 | -€1,500 | -0.6% |
| Stocks | 30/36 | €262,500 | €261,000 | -€1,500 | -0.6% |
| Amounts receivable within one year | 40/41 | €98,554 | €134,206 | +€35,651 | +36.2% |
| Trade receivables | 40 | €41,503 | €61,211 | +€19,708 | +47.5% |
| Other amounts receivable | 41 | €57,051 | €72,994 | +€15,943 | +27.9% |
| Cash at bank and in hand | 54/58 | €295,475 | €307,219 | +€11,745 | +4.0% |
| Deferred charges and accrued income | 490/1 | €13,687 | €6,165 | -€7,523 | -55.0% |
| Total equity and liabilities | 10/49 | €981,417 | €1,020,546 | +€39,130 | +4.0% |
| Equity | 10/15 | €452,853 | €640,853 | +€188,001 | +41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €434,253 | €622,253 | +€188,001 | +43.3% |
| Distributable reserves | 133 | €434,253 | €622,253 | +€188,001 | +43.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €528,564 | €379,693 | -€148,871 | -28.2% |
| Amounts payable after more than one year | 17 | €221,056 | €227,575 | +€6,519 | +2.9% |
| Financial debts | 170/4 | €221,056 | €227,575 | +€6,519 | +2.9% |
| Amounts payable within one year | 42/48 | €304,503 | €152,118 | -€152,385 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €18,900 | €25,931 | +€7,031 | +37.2% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100% |
| Trade debts | 44 | €103,395 | €26,534 | -€76,861 | -74.3% |
| Suppliers | 440/4 | €103,395 | €26,534 | -€76,861 | -74.3% |
| Taxes, remuneration and social security | 45 | €77,291 | €99,653 | +€22,362 | +28.9% |
| Taxes | 450/3 | €60,705 | €71,633 | +€10,928 | +18.0% |
| Remuneration and social security | 454/9 | €16,587 | €28,020 | +€11,433 | +68.9% |
| Other amounts payable | 47/48 | €4,917 | €0 | -€4,917 | -100% |
| Accrued charges and deferred income | 492/3 | €3,005 | €0 | -€3,005 | -100% |
| Remuneration, social security and pensions | 62 | €131,723 | €159,784 | +€28,061 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,623 | €39,899 | +€5,275 | +15.2% |
| Other operating charges | 640/8 | €3,574 | €4,632 | +€1,058 | +29.6% |
| Gross operating margin | 9900 | €478,383 | €468,070 | -€10,314 | -2.2% |
| Operating profit (loss) | 9901 | €308,463 | €263,756 | -€44,708 | -14.5% |
| Financial income | 75/76B | €285 | €54 | -€230 | -80.9% |
| Recurring financial income | 75 | €285 | €54 | -€230 | -80.9% |
| Financial charges | 65/66B | €5,807 | €7,292 | +€1,486 | +25.6% |
| Recurring financial charges | 65 | €5,807 | €7,292 | +€1,486 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €302,941 | €256,518 | -€46,424 | -15.3% |
| Income taxes | 67/77 | €71,697 | €68,517 | -€3,180 | -4.4% |
| Profit (loss) for the period | 9904 | €231,244 | €188,001 | -€43,244 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €231,244 | €188,001 | -€43,244 | -18.7% |
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 22 October 2026 via checked.be.