VAN DEN BROUCKE: 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 BROUCKE
Largest movements
- Current investments +€156,749
up €156,749 (+232%), from €67,420 to €224,169
- Cash -€152,550
down €152,550 (-54.1%), from €281,811 to €129,261
mainly Current investments (-€156,749) and Investment in fixed assets (net) (-€22,857)
- Tangible fixed assets -€27,548
down €27,548 (-9.3%), from €294,634 to €267,086
of which Land and buildings: -€30,283
- Reserves -€15,058
down €15,058 (-4.5%), from €336,718 to €321,660
of which Tax-exempt reserves: -€29,180
- Provisions -€7,295
down €7,295 (-35.4%), from €20,600 to €13,305
- Gross operating margin -€4,664
down €4,664 (-13.2%), from €35,385 to €30,721
- Taxes -€1,663
down €1,663 (-22.8%), from €7,306 to €5,644
- Financial charges -€1,254
down €1,254, from €845 to -€410
- Depreciation +€827
up €827 (+1.7%), from €49,578 to €50,405
- Other operating charges +€740
up €740 (+4.8%), from €15,532 to €16,272
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 | €651,961 | €629,169 | -€22,792 | -3.5% |
| Fixed assets | 21/28 | €294,634 | €267,086 | -€27,548 | -9.3% |
| Tangible fixed assets | 22/27 | €294,634 | €267,086 | -€27,548 | -9.3% |
| Land and buildings | 22 | €286,674 | €256,391 | -€30,283 | -10.6% |
| Plant, machinery and equipment | 23 | €7,960 | €10,695 | +€2,735 | +34.4% |
| Current assets | 29/58 | €357,328 | €362,083 | +€4,756 | +1.3% |
| Amounts receivable within one year | 40/41 | - | €2,600 | +€2,600 | |
| Other amounts receivable | 41 | - | €2,600 | +€2,600 | |
| Current investments | 50/53 | €67,420 | €224,169 | +€156,749 | +232% |
| Cash at bank and in hand | 54/58 | €281,811 | €129,261 | -€152,550 | -54.1% |
| Deferred charges and accrued income | 490/1 | €8,097 | €6,054 | -€2,043 | -25.2% |
| Total equity and liabilities | 10/49 | €651,961 | €629,169 | -€22,792 | -3.5% |
| Equity | 10/15 | €600,316 | €585,258 | -€15,058 | -2.5% |
| Contributions | 10/11 | €263,598 | €263,598 | = | 0.0% |
| Reserves | 13 | €336,718 | €321,660 | -€15,058 | -4.5% |
| Tax-exempt reserves | 132 | €71,372 | €42,192 | -€29,180 | -40.9% |
| Distributable reserves | 133 | €265,346 | €279,468 | +€14,122 | +5.3% |
| Provisions and deferred taxes | 16 | €20,600 | €13,305 | -€7,295 | -35.4% |
| Deferred taxes | 168 | €20,600 | €13,305 | -€7,295 | -35.4% |
| Amounts payable | 17/49 | €31,045 | €30,606 | -€439 | -1.4% |
| Amounts payable after more than one year | 17 | €150 | €150 | = | 0.0% |
| Other amounts payable | 178/9 | €150 | €150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,895 | €30,456 | -€439 | -1.4% |
| Trade debts | 44 | €102 | €1,536 | +€1,434 | +1,400% |
| Suppliers | 440/4 | €102 | €1,536 | +€1,434 | +1,400% |
| Taxes, remuneration and social security | 45 | €10,592 | €9,092 | -€1,500 | -14.2% |
| Taxes | 450/3 | €8,592 | €7,092 | -€1,500 | -17.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €20,201 | €19,828 | -€373 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,578 | €50,405 | +€827 | +1.7% |
| Other operating charges | 640/8 | €15,532 | €16,272 | +€740 | +4.8% |
| Gross operating margin | 9900 | €35,385 | €30,721 | -€4,664 | -13.2% |
| Operating profit (loss) | 9901 | -€29,725 | -€35,957 | -€6,232 | -21.0% |
| Financial income | 75/76B | €19,429 | €18,838 | -€591 | -3.0% |
| Recurring financial income | 75 | €19,429 | €18,838 | -€591 | -3.0% |
| Financial charges | 65/66B | €845 | -€410 | -€1,254 | |
| Recurring financial charges | 65 | €845 | -€410 | -€1,254 | |
| Profit (loss) for the period before taxes | 9903 | -€11,140 | -€16,709 | -€5,569 | -50.0% |
| Transfer from deferred taxes | 780 | €7,295 | €7,295 | = | 0.0% |
| Income taxes | 67/77 | €7,306 | €5,644 | -€1,663 | -22.8% |
| Profit (loss) for the period | 9904 | -€11,152 | -€15,058 | -€3,906 | -35.0% |
| Transfer from tax-exempt reserves | 789 | €29,180 | €29,180 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,028 | €14,122 | -€3,906 | -21.7% |
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 21 October 2026 via checked.be.