ALBERT BRUYERE: 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.
ALBERT BRUYERE
Largest movements
- Cash +€70,915
up €70,915 (+289%), from €24,571 to €95,486
mainly Receivables within one year (+€70,580) and Depreciation (+€11,991)
- Receivables within one year -€70,580
down €70,580 (-67.5%), from €104,535 to €33,955
of which Trade receivables: -€77,685
- Tangible fixed assets -€13,811
down €13,811 (-57.2%), from €24,165 to €10,353
- Stocks and contracts -€2,562
down €2,562 (-21.6%), from €11,862 to €9,300
- Deferred charges and accrued income +€2,208
up €2,208 (+702%), from €314 to €2,522
- Profit (loss) carried forward -€7,492
down €7,492 (-25.7%), from €29,146 to €21,654
- Tax, wage and social debts -€6,732
down €6,732 (-71.0%), from €9,483 to €2,751
of which Remuneration and social security: -€4,929
- Trade debts +€2,028
up €2,028 (+44.9%), from €4,520 to €6,548
- Turnover -€236,213
no longer reported in 2025 (was €236,213)
- Gross operating margin -€40,228
down €40,228 (-32.9%), from €122,171 to €81,943
- Staff costs -€7,071
down €7,071 (-8.9%), from €79,832 to €72,761
- Taxes -€6,447
no longer reported in 2025 (was €6,447)
- Depreciation -€4,125
down €4,125 (-25.6%), from €16,116 to €11,991
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 | €165,447 | €151,616 | -€13,831 | -8.4% |
| Fixed assets | 21/28 | €24,165 | €10,353 | -€13,811 | -57.2% |
| Tangible fixed assets | 22/27 | €24,165 | €10,353 | -€13,811 | -57.2% |
| Land and buildings | 22 | €4,794 | €3,642 | -€1,152 | -24.0% |
| Plant, machinery and equipment | 23 | €12,385 | €5,913 | -€6,472 | -52.3% |
| Furniture and vehicles | 24 | €6,986 | €799 | -€6,187 | -88.6% |
| Current assets | 29/58 | €141,282 | €141,263 | -€20 | 0.0% |
| Stocks and contracts in progress | 3 | €11,862 | €9,300 | -€2,562 | -21.6% |
| Stocks | 30/36 | €11,862 | €9,300 | -€2,562 | -21.6% |
| Amounts receivable within one year | 40/41 | €104,535 | €33,955 | -€70,580 | -67.5% |
| Trade receivables | 40 | €101,934 | €24,249 | -€77,685 | -76.2% |
| Other amounts receivable | 41 | €2,601 | €9,706 | +€7,105 | +273% |
| Cash at bank and in hand | 54/58 | €24,571 | €95,486 | +€70,915 | +289% |
| Deferred charges and accrued income | 490/1 | €314 | €2,522 | +€2,208 | +702% |
| Total equity and liabilities | 10/49 | €165,447 | €151,616 | -€13,831 | -8.4% |
| Equity | 10/15 | €132,376 | €124,884 | -€7,492 | -5.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €82,770 | €82,770 | = | 0.0% |
| Distributable reserves | 133 | €82,770 | €82,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,146 | €21,654 | -€7,492 | -25.7% |
| Amounts payable | 17/49 | €33,071 | €26,732 | -€6,339 | -19.2% |
| Amounts payable within one year | 42/48 | €33,071 | €26,732 | -€6,339 | -19.2% |
| Trade debts | 44 | €4,520 | €6,548 | +€2,028 | +44.9% |
| Suppliers | 440/4 | €4,520 | €6,548 | +€2,028 | +44.9% |
| Taxes, remuneration and social security | 45 | €9,483 | €2,751 | -€6,732 | -71.0% |
| Taxes | 450/3 | €1,927 | €123 | -€1,803 | -93.6% |
| Remuneration and social security | 454/9 | €7,556 | €2,628 | -€4,929 | -65.2% |
| Other amounts payable | 47/48 | €19,068 | €17,433 | -€1,635 | -8.6% |
| Turnover | 70 | €236,213 | - | -€236,213 | |
| Remuneration, social security and pensions | 62 | €79,832 | €72,761 | -€7,071 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,116 | €11,991 | -€4,125 | -25.6% |
| Other operating charges | 640/8 | €1,969 | €2,022 | +€53 | +2.7% |
| Non-recurring operating charges | 66A | €244 | €1,820 | +€1,577 | +648% |
| Gross operating margin | 9900 | €122,171 | €81,943 | -€40,228 | -32.9% |
| Operating profit (loss) | 9901 | €24,010 | -€6,652 | -€30,661 | |
| Financial income | 75/76B | €281 | €714 | +€432 | +154% |
| Recurring financial income | 75 | €281 | €714 | +€432 | +154% |
| Financial charges | 65/66B | €718 | €721 | +€3 | +0.4% |
| Recurring financial charges | 65 | €718 | €721 | +€3 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €23,573 | -€6,659 | -€30,232 | |
| Income taxes | 67/77 | €6,447 | - | -€6,447 | |
| Profit (loss) for the period | 9904 | €17,126 | -€6,659 | -€23,785 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,126 | -€6,659 | -€23,785 |
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 25 October 2026 via checked.be.