VANDEN BROECKE: what changed
What changed
VANDEN BROECKE
NACE 01.610, Support activities for crop production
filed annual accounts (NBB)
Net result for the year
€10,655
2024 · €46,887-€36,232
Equity
€62,543
2024 · €51,887+€10,655
Cash
€10,274
2024 · €4,994+€5,280
Balance sheet total
€284,180
2024 · €129,505+€154,674
Largest movements
Assets
- Tangible fixed assets +€150,863
up €150,863 (+414%), from €36,464 to €187,327
of which Leasing and similar rights: +€155,703
- Cash +€5,280
up €5,280 (+106%), from €4,994 to €10,274
mainly Debts after one year (+€156,294) and Depreciation (+€35,220)
Equity and liabilities
- Debts after one year +€156,294
new in 2025: €156,294
- Other debts -€30,073
no longer reported in 2025 (was €30,073)
- Trade debts +€17,650
up €17,650 (+48.4%), from €36,445 to €54,096
- Reserves +€10,655
up €10,655 (+22.7%), from €46,887 to €57,543
Income statement
- Depreciation +€31,308
up €31,308 (+800%), from €3,912 to €35,220
- Taxes -€10,977
no longer reported in 2025 (was €10,977)
- Gross operating margin -€9,231
down €9,231 (-14.8%), from €62,576 to €53,345
- Financial charges +€3,673
up €3,673 (+13,493%), from €27 to €3,700
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€46,887
Gross operating margin
-€9,231
Depreciation
-€31,308
Other operating charges
+€43
Other operating items
-€3,040
Financial income
-€1
Financial charges
-€3,673
Taxes
+€10,977
Result 2025
€10,655
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€34,667
Investment
-€185,681
Financing
+€156,294
Cash 2024
€4,994
From operations (derived)
+€34,667
Net result for the year
+€10,655
Depreciation
+€35,220
Stocks and contracts
+€1,203
Smaller working-capital items
+€12
Trade debts
+€17,650
Other debts
-€30,073
Investment (derived)
-€185,681
Investment in fixed assets (net)
-€185,681
Financing
+€156,294
Debts after one year
+€156,294
Cash 2025
€10,274
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,505 | €284,180 | +€154,674 | +119% |
| Formation expenses | 20 | €403 | €0 | -€403 | -100% |
| Fixed assets | 21/28 | €36,464 | €187,327 | +€150,863 | +414% |
| Tangible fixed assets | 22/27 | €36,464 | €187,327 | +€150,863 | +414% |
| Plant, machinery and equipment | 23 | €34,521 | €30,019 | -€4,502 | -13.0% |
| Furniture and vehicles | 24 | €1,943 | €1,605 | -€338 | -17.4% |
| Leasing and similar rights | 25 | - | €155,703 | +€155,703 | |
| Current assets | 29/58 | €92,638 | €96,852 | +€4,214 | +4.5% |
| Stocks and contracts in progress | 3 | €1,203 | - | -€1,203 | |
| Stocks | 30/36 | €1,203 | - | -€1,203 | |
| Amounts receivable within one year | 40/41 | €86,442 | €86,220 | -€222 | -0.3% |
| Trade receivables | 40 | €73,291 | €51,182 | -€22,109 | -30.2% |
| Other amounts receivable | 41 | €13,151 | €35,038 | +€21,887 | +166% |
| Cash at bank and in hand | 54/58 | €4,994 | €10,274 | +€5,280 | +106% |
| Deferred charges and accrued income | 490/1 | - | €358 | +€358 | |
| Total equity and liabilities | 10/49 | €129,505 | €284,180 | +€154,674 | +119% |
| Equity | 10/15 | €51,887 | €62,543 | +€10,655 | +20.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,887 | €57,543 | +€10,655 | +22.7% |
| Distributable reserves | 133 | €46,887 | €57,543 | +€10,655 | +22.7% |
| Amounts payable | 17/49 | €77,618 | €221,637 | +€144,019 | +186% |
| Amounts payable after more than one year | 17 | - | €156,294 | +€156,294 | |
| Financial debts | 170/4 | - | €156,294 | +€156,294 | |
| Amounts payable within one year | 42/48 | €77,618 | €65,343 | -€12,274 | -15.8% |
| Trade debts | 44 | €36,445 | €54,096 | +€17,650 | +48.4% |
| Suppliers | 440/4 | €36,445 | €54,096 | +€17,650 | +48.4% |
| Taxes, remuneration and social security | 45 | €11,099 | €11,248 | +€148 | +1.3% |
| Taxes | 450/3 | €11,099 | €11,248 | +€148 | +1.3% |
| Other amounts payable | 47/48 | €30,073 | - | -€30,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,912 | €35,220 | +€31,308 | +800% |
| Other operating charges | 640/8 | €773 | €730 | -€43 | -5.6% |
| Non-recurring operating charges | 66A | - | €3,040 | +€3,040 | |
| Gross operating margin | 9900 | €62,576 | €53,345 | -€9,231 | -14.8% |
| Operating profit (loss) | 9901 | €57,891 | €14,355 | -€43,536 | -75.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €27 | €3,700 | +€3,673 | +13,493% |
| Recurring financial charges | 65 | €27 | €3,700 | +€3,673 | +13,493% |
| Profit (loss) for the period before taxes | 9903 | €57,865 | €10,655 | -€47,210 | -81.6% |
| Income taxes | 67/77 | €10,977 | - | -€10,977 | |
| Profit (loss) for the period | 9904 | €46,887 | €10,655 | -€36,232 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,887 | €10,655 | -€36,232 | -77.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.