Bram Dutry: what changed
Two fiscal 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.
Bram Dutry
Largest movements
- Cash -€12,190
down €12,190 (-55.8%), from €21,842 to €9,652
mainly Net result for the year (-€10,651) and Trade debts (-€5,176)
- Receivables within one year -€4,075
down €4,075 (-22.7%), from €17,930 to €13,855
of which Trade receivables: -€4,072
- Tangible fixed assets -€1,680
down €1,680 (-9.7%), from €17,314 to €15,633
of which Leasing and similar rights: -€2,851
- Deferred charges and accrued income +€1,132
up €1,132 (+320.1%), from €354 to €1,485
- Profit (loss) carried forward -€10,651
down €10,651 (-52.6%), from €20,240 to €9,589
- Trade debts -€5,176
down €5,176 (-68.2%), from €7,593 to €2,417
- Debts after one year -€3,146
down €3,146 (-33.4%), from €9,405 to €6,259
- Tax, wage and social debts +€1,921
up €1,921 (+79.2%), from €2,425 to €4,346
- Accrued charges and deferred income -€897
down €897 (-100.0%), from €897 to €0
- Gross operating margin -€34,471
down €34,471, from €32,583 to -€1,888
- Taxes -€7,433
down €7,433 (-96.6%), from €7,694 to €261
- Depreciation +€2,888
up €2,888 (+121.6%), from €2,374 to €5,262
- Other operating charges +€864
up €864 (+97.6%), from €885 to €1,749
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.
Cash bridge derived
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 | €58,434 | €41,386 | -€17,048 | -29.2% |
| Formation expenses | 20 | €995 | €761 | -€234 | -23.5% |
| Fixed assets | 21/28 | €17,314 | €15,633 | -€1,680 | -9.7% |
| Tangible fixed assets | 22/27 | €17,314 | €15,633 | -€1,680 | -9.7% |
| Plant, machinery and equipment | 23 | €3,575 | €5,070 | +€1,495 | +41.8% |
| Furniture and vehicles | 24 | €1,624 | €1,299 | -€325 | -20.0% |
| Leasing and similar rights | 25 | €12,115 | €9,264 | -€2,851 | -23.5% |
| Current assets | 29/58 | €40,125 | €24,991 | -€15,134 | -37.7% |
| Amounts receivable within one year | 40/41 | €17,930 | €13,855 | -€4,075 | -22.7% |
| Trade receivables | 40 | €17,927 | €13,855 | -€4,072 | -22.7% |
| Other amounts receivable | 41 | €3 | €0 | -€3 | -100.0% |
| Cash at bank and in hand | 54/58 | €21,842 | €9,652 | -€12,190 | -55.8% |
| Deferred charges and accrued income | 490/1 | €354 | €1,485 | +€1,132 | +320.1% |
| Total equity and liabilities | 10/49 | €58,434 | €41,386 | -€17,048 | -29.2% |
| Equity | 10/15 | €30,240 | €19,589 | -€10,651 | -35.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,240 | €9,589 | -€10,651 | -52.6% |
| Amounts payable | 17/49 | €28,194 | €21,797 | -€6,397 | -22.7% |
| Amounts payable after more than one year | 17 | €9,405 | €6,259 | -€3,146 | -33.4% |
| Financial debts | 170/4 | €9,405 | €6,259 | -€3,146 | -33.4% |
| Amounts payable within one year | 42/48 | €17,892 | €15,537 | -€2,354 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €2,866 | €3,146 | +€279 | +9.7% |
| Trade debts | 44 | €7,593 | €2,417 | -€5,176 | -68.2% |
| Suppliers | 440/4 | €7,593 | €2,417 | -€5,176 | -68.2% |
| Taxes, remuneration and social security | 45 | €2,425 | €4,346 | +€1,921 | +79.2% |
| Taxes | 450/3 | €2,425 | €4,346 | +€1,921 | +79.2% |
| Other amounts payable | 47/48 | €5,007 | €5,629 | +€622 | +12.4% |
| Accrued charges and deferred income | 492/3 | €897 | €0 | -€897 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,374 | €5,262 | +€2,888 | +121.6% |
| Other operating charges | 640/8 | €885 | €1,749 | +€864 | +97.6% |
| Gross operating margin | 9900 | €32,583 | -€1,888 | -€34,471 | |
| Operating profit (loss) | 9901 | €29,324 | -€8,898 | -€38,222 | |
| Financial income | 75/76B | €1 | €10 | +€9 | +1467.7% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +1467.7% |
| Financial charges | 65/66B | €1,390 | €1,502 | +€112 | +8.0% |
| Recurring financial charges | 65 | €1,390 | €1,502 | +€112 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €27,934 | -€10,390 | -€38,325 | |
| Income taxes | 67/77 | €7,694 | €261 | -€7,433 | -96.6% |
| Profit (loss) for the period | 9904 | €20,240 | -€10,651 | -€30,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,240 | -€10,651 | -€30,892 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.