An De Bruyne: 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.
An De Bruyne
Largest movements
- Cash +€75,801
up €75,801 (+83.1%), from €91,216 to €167,017
mainly Net result for the year (+€100,114) and Trade debts (+€8,751)
- Stocks and contracts +€16,210
up €16,210 (+11.8%), from €137,573 to €153,783
- Tangible fixed assets -€4,935
down €4,935 (-55.4%), from €8,914 to €3,979
of which Furniture and vehicles: -€3,490
- Reserves +€96,782
up €96,782 (+154%), from €62,665 to €159,446
of which Distributable reserves: +€98,637
- Debts after one year -€9,000
down €9,000 (-5.4%), from €166,000 to €157,000
- Trade debts +€8,751
up €8,751 (+20.1%), from €43,628 to €52,379
- Tax, wage and social debts -€8,635
down €8,635 (-66.4%), from €12,999 to €4,364
of which Taxes: -€9,079
- Gross operating margin +€39,011
up €39,011 (+28.5%), from €137,029 to €176,039
- Taxes +€12,260
up €12,260 (+43.4%), from €28,226 to €40,487
- Financial charges -€9,436
down €9,436 (-59.8%), from €15,775 to €6,338
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 | €312,668 | €402,787 | +€90,119 | +28.8% |
| Fixed assets | 21/28 | €10,682 | €5,746 | -€4,935 | -46.2% |
| Tangible fixed assets | 22/27 | €8,914 | €3,979 | -€4,935 | -55.4% |
| Land and buildings | 22 | €1,281 | - | -€1,281 | |
| Plant, machinery and equipment | 23 | €164 | - | -€164 | |
| Furniture and vehicles | 24 | €7,469 | €3,979 | -€3,490 | -46.7% |
| Financial fixed assets | 28 | €1,767 | €1,767 | = | 0.0% |
| Current assets | 29/58 | €301,986 | €397,040 | +€95,054 | +31.5% |
| Amounts receivable after more than one year | 29 | €52,000 | €52,000 | = | 0.0% |
| Other amounts receivable | 291 | €52,000 | €52,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €137,573 | €153,783 | +€16,210 | +11.8% |
| Stocks | 30/36 | €137,573 | €153,783 | +€16,210 | +11.8% |
| Amounts receivable within one year | 40/41 | €17,546 | €17,564 | +€18 | +0.1% |
| Trade receivables | 40 | €12,069 | €13,749 | +€1,679 | +13.9% |
| Other amounts receivable | 41 | €5,476 | €3,815 | -€1,661 | -30.3% |
| Cash at bank and in hand | 54/58 | €91,216 | €167,017 | +€75,801 | +83.1% |
| Deferred charges and accrued income | 490/1 | €3,652 | €6,676 | +€3,024 | +82.8% |
| Total equity and liabilities | 10/49 | €312,668 | €402,787 | +€90,119 | +28.8% |
| Equity | 10/15 | €83,576 | €180,357 | +€96,782 | +116% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €62,665 | €159,446 | +€96,782 | +154% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €60,810 | €159,446 | +€98,637 | +162% |
| Profit (loss) carried forward | 14 | €2,361 | €2,361 | = | 0.0% |
| Amounts payable | 17/49 | €229,092 | €222,429 | -€6,663 | -2.9% |
| Amounts payable after more than one year | 17 | €166,000 | €157,000 | -€9,000 | -5.4% |
| Financial debts | 170/4 | €166,000 | €157,000 | -€9,000 | -5.4% |
| Amounts payable within one year | 42/48 | €61,592 | €63,929 | +€2,337 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €4,000 | = | 0.0% |
| Trade debts | 44 | €43,628 | €52,379 | +€8,751 | +20.1% |
| Suppliers | 440/4 | €43,628 | €52,379 | +€8,751 | +20.1% |
| Taxes, remuneration and social security | 45 | €12,999 | €4,364 | -€8,635 | -66.4% |
| Taxes | 450/3 | €10,571 | €1,492 | -€9,079 | -85.9% |
| Remuneration and social security | 454/9 | €2,428 | €2,871 | +€443 | +18.3% |
| Other amounts payable | 47/48 | €965 | €3,186 | +€2,222 | +230% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €19,074 | €19,197 | +€123 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,259 | €7,646 | +€387 | +5.3% |
| Other operating charges | 640/8 | €3,477 | €3,166 | -€311 | -8.9% |
| Gross operating margin | 9900 | €137,029 | €176,039 | +€39,011 | +28.5% |
| Operating profit (loss) | 9901 | €107,219 | €146,030 | +€38,811 | +36.2% |
| Financial income | 75/76B | €924 | €908 | -€15 | -1.6% |
| Recurring financial income | 75 | €924 | €908 | -€15 | -1.6% |
| Financial charges | 65/66B | €15,775 | €6,338 | -€9,436 | -59.8% |
| Recurring financial charges | 65 | €15,775 | €6,338 | -€9,436 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €92,368 | €140,600 | +€48,232 | +52.2% |
| Income taxes | 67/77 | €28,226 | €40,487 | +€12,260 | +43.4% |
| Profit (loss) for the period | 9904 | €64,142 | €100,114 | +€35,972 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,142 | €100,114 | +€35,972 | +56.1% |
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 20 October 2026 via checked.be.