Brecht Devriendt: 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.
Brecht Devriendt
Largest movements
- Tangible fixed assets -€1,048
down €1,048 (-31.0%), from €3,379 to €2,331
of which Plant, machinery and equipment: -€3,379
- Receivables within one year +€743
up €743 (+11.3%), from €6,592 to €7,334
of which Other amounts receivable: +€1,265
- Cash -€404
down €404 (-17.5%), from €2,305 to €1,902
mainly Receivables within one year (-€743) and Tax, wage and social debts (-€570)
- Deferred charges and accrued income +€312
up €312 (+130.4%), from €239 to €551
- Tax, wage and social debts -€570
no longer reported in 2025 (was €570)
- Trade debts +€136
up €136 (+71.3%), from €190 to €326
- Gross operating margin -€7,356
down €7,356 (-77.4%), from €9,501 to €2,144
- Taxes -€1,836
down €1,836 (-65.6%), from €2,798 to €963
- Depreciation +€516
up €516 (+97.1%), from €532 to €1,048
- Other operating charges -€462
no longer reported in 2025 (was €462)
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 | €12,515 | €12,118 | -€397 | -3.2% |
| Fixed assets | 21/28 | €3,379 | €2,331 | -€1,048 | -31.0% |
| Tangible fixed assets | 22/27 | €3,379 | €2,331 | -€1,048 | -31.0% |
| Plant, machinery and equipment | 23 | €3,379 | - | -€3,379 | |
| Furniture and vehicles | 24 | - | €2,331 | +€2,331 | |
| Current assets | 29/58 | €9,136 | €9,787 | +€650 | +7.1% |
| Amounts receivable within one year | 40/41 | €6,592 | €7,334 | +€743 | +11.3% |
| Trade receivables | 40 | €5,320 | €4,797 | -€523 | -9.8% |
| Other amounts receivable | 41 | €1,272 | €2,537 | +€1,265 | +99.5% |
| Cash at bank and in hand | 54/58 | €2,305 | €1,902 | -€404 | -17.5% |
| Deferred charges and accrued income | 490/1 | €239 | €551 | +€312 | +130.4% |
| Total equity and liabilities | 10/49 | €12,515 | €12,118 | -€397 | -3.2% |
| Equity | 10/15 | €9,709 | €9,784 | +€76 | +0.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €5,700 | €5,784 | +€84 | +1.5% |
| Distributable reserves | 133 | €5,700 | €5,784 | +€84 | +1.5% |
| Profit (loss) carried forward | 14 | €9 | - | -€9 | |
| Amounts payable | 17/49 | €2,806 | €2,333 | -€473 | -16.9% |
| Amounts payable within one year | 42/48 | €2,806 | €2,333 | -€473 | -16.9% |
| Trade debts | 44 | €190 | €326 | +€136 | +71.3% |
| Suppliers | 440/4 | €190 | €326 | +€136 | +71.3% |
| Taxes, remuneration and social security | 45 | €570 | - | -€570 | |
| Taxes | 450/3 | €570 | - | -€570 | |
| Other amounts payable | 47/48 | €2,046 | €2,007 | -€39 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €1,048 | +€516 | +97.1% |
| Other operating charges | 640/8 | €462 | - | -€462 | |
| Gross operating margin | 9900 | €9,501 | €2,144 | -€7,356 | -77.4% |
| Operating profit (loss) | 9901 | €8,507 | €1,096 | -€7,410 | -87.1% |
| Financial charges | 65/66B | - | €58 | +€58 | |
| Recurring financial charges | 65 | - | €58 | +€58 | |
| Profit (loss) for the period before taxes | 9903 | €8,507 | €1,038 | -€7,469 | -87.8% |
| Income taxes | 67/77 | €2,798 | €963 | -€1,836 | -65.6% |
| Profit (loss) for the period | 9904 | €5,709 | €76 | -€5,633 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,709 | €76 | -€5,633 | -98.7% |
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 11 October 2026 via checked.be.