BENOIT BROUCKAERT: 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.
BENOIT BROUCKAERT
Largest movements
- Tangible fixed assets -€57,616
down €57,616 (-5.9%), from €976,458 to €918,842
of which Land and buildings: -€43,950
- Cash +€52,880
up €52,880 (+73.5%), from €71,931 to €124,810
mainly Other debts (+€285,709) and Net result for the year (+€121,768)
- Receivables after one year -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Other debts +€285,709
up €285,709 (+941%), from €30,377 to €316,086
- Reserves -€201,061
down €201,061 (-37.3%), from €539,421 to €338,360
- Debts after one year -€113,745
down €113,745 (-22.9%), from €496,336 to €382,591
- Trade debts +€12,893
up €12,893 (+36.1%), from €35,715 to €48,608
- Gross operating margin -€22,011
down €22,011 (-4.1%), from €533,608 to €511,597
- Staff costs -€21,876
down €21,876 (-9.4%), from €231,673 to €209,797
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 | €1,275,711 | €1,247,752 | -€27,960 | -2.2% |
| Fixed assets | 21/28 | €976,483 | €918,867 | -€57,616 | -5.9% |
| Tangible fixed assets | 22/27 | €976,458 | €918,842 | -€57,616 | -5.9% |
| Land and buildings | 22 | €910,103 | €866,153 | -€43,950 | -4.8% |
| Plant, machinery and equipment | 23 | €26,272 | €18,111 | -€8,161 | -31.1% |
| Furniture and vehicles | 24 | €40,083 | €34,577 | -€5,506 | -13.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €299,228 | €328,885 | +€29,657 | +9.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Other amounts receivable | 291 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Stocks and contracts in progress | 3 | €80,507 | €76,999 | -€3,508 | -4.4% |
| Stocks | 30/36 | €80,507 | €76,999 | -€3,508 | -4.4% |
| Amounts receivable within one year | 40/41 | €87,839 | €96,313 | +€8,474 | +9.6% |
| Trade receivables | 40 | €43,446 | €54,476 | +€11,030 | +25.4% |
| Other amounts receivable | 41 | €44,393 | €41,837 | -€2,556 | -5.8% |
| Cash at bank and in hand | 54/58 | €71,931 | €124,810 | +€52,880 | +73.5% |
| Deferred charges and accrued income | 490/1 | €8,952 | €5,763 | -€3,189 | -35.6% |
| Total equity and liabilities | 10/49 | €1,275,711 | €1,247,752 | -€27,960 | -2.2% |
| Equity | 10/15 | €557,803 | €356,742 | -€201,061 | -36.0% |
| Contributions | 10/11 | €18,382 | €18,382 | = | 0.0% |
| Contributions outside capital | 11 | €18,382 | - | -€18,382 | |
| Other | 1109/19 | €18,382 | - | -€18,382 | |
| Reserves | 13 | €539,421 | €338,360 | -€201,061 | -37.3% |
| Distributable reserves | 133 | €539,421 | €338,360 | -€201,061 | -37.3% |
| Amounts payable | 17/49 | €717,909 | €891,010 | +€173,101 | +24.1% |
| Amounts payable after more than one year | 17 | €496,336 | €382,591 | -€113,745 | -22.9% |
| Financial debts | 170/4 | €496,336 | €382,591 | -€113,745 | -22.9% |
| Amounts payable within one year | 42/48 | €221,573 | €508,419 | +€286,846 | +129% |
| Current portion of amounts payable after more than one year | 42 | €118,410 | €113,745 | -€4,665 | -3.9% |
| Trade debts | 44 | €35,715 | €48,608 | +€12,893 | +36.1% |
| Suppliers | 440/4 | €35,715 | €48,608 | +€12,893 | +36.1% |
| Taxes, remuneration and social security | 45 | €37,071 | €29,980 | -€7,090 | -19.1% |
| Taxes | 450/3 | €366 | €1,876 | +€1,510 | +412% |
| Remuneration and social security | 454/9 | €36,705 | €28,105 | -€8,600 | -23.4% |
| Other amounts payable | 47/48 | €30,377 | €316,086 | +€285,709 | +941% |
| Remuneration, social security and pensions | 62 | €231,673 | €209,797 | -€21,876 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,609 | €84,055 | +€4,446 | +5.6% |
| Other operating charges | 640/8 | €11,011 | €10,874 | -€137 | -1.2% |
| Gross operating margin | 9900 | €533,608 | €511,597 | -€22,011 | -4.1% |
| Operating profit (loss) | 9901 | €211,314 | €206,871 | -€4,444 | -2.1% |
| Financial income | 75/76B | €22,053 | €25,413 | +€3,361 | +15.2% |
| Recurring financial income | 75 | €22,053 | €25,413 | +€3,361 | +15.2% |
| Financial charges | 65/66B | €48,146 | €53,340 | +€5,195 | +10.8% |
| Recurring financial charges | 65 | €48,146 | €53,340 | +€5,195 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €185,221 | €178,944 | -€6,277 | -3.4% |
| Income taxes | 67/77 | €54,119 | €57,176 | +€3,057 | +5.6% |
| Profit (loss) for the period | 9904 | €131,102 | €121,768 | -€9,335 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €131,102 | €121,768 | -€9,335 | -7.1% |
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 16 October 2026 via checked.be.