BRECHT SPRUYTTE: 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 SPRUYTTE
Largest movements
- Receivables within one year -€13,163
down €13,163 (-24.7%), from €53,240 to €40,077
of which Trade receivables: -€13,310
- Reserves +€243,102
up €243,102 (+261%), from €93,138 to €336,240
- Other debts -€178,761
down €178,761 (-61.0%), from €293,241 to €114,480
- Debts after one year -€57,143
down €57,143 (-7.4%), from €770,143 to €713,000
- Tax, wage and social debts -€28,527
down €28,527 (-70.5%), from €40,436 to €11,909
of which Taxes: -€31,055
- Financial income +€183,505
new in 2025: €183,505
- Gross operating margin -€47,329
down €47,329 (-33.8%), from €140,000 to €92,671
- Taxes -€11,180
down €11,180 (-36.0%), from €31,046 to €19,865
- Financial charges -€2,743
down €2,743 (-17.8%), from €15,432 to €12,689
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 | €1,289,761 | €1,274,984 | -€14,777 | -1.1% |
| Fixed assets | 21/28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Current assets | 29/58 | €89,761 | €74,984 | -€14,777 | -16.5% |
| Amounts receivable within one year | 40/41 | €53,240 | €40,077 | -€13,163 | -24.7% |
| Trade receivables | 40 | €53,240 | €39,930 | -€13,310 | -25.0% |
| Other amounts receivable | 41 | - | €147 | +€147 | |
| Cash at bank and in hand | 54/58 | €36,521 | €34,907 | -€1,614 | -4.4% |
| Total equity and liabilities | 10/49 | €1,289,761 | €1,274,984 | -€14,777 | -1.1% |
| Equity | 10/15 | €103,138 | €346,240 | +€243,102 | +236% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €93,138 | €336,240 | +€243,102 | +261% |
| Distributable reserves | 133 | €93,138 | €336,240 | +€243,102 | +261% |
| Amounts payable | 17/49 | €1,186,624 | €928,744 | -€257,879 | -21.7% |
| Amounts payable after more than one year | 17 | €770,143 | €713,000 | -€57,143 | -7.4% |
| Financial debts | 170/4 | €770,143 | €713,000 | -€57,143 | -7.4% |
| Amounts payable within one year | 42/48 | €405,767 | €210,102 | -€195,665 | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €71,429 | €71,429 | = | 0.0% |
| Financial debts | 43 | - | €11,763 | +€11,763 | |
| Credit institutions | 430/8 | - | €11,763 | +€11,763 | |
| Trade debts | 44 | €660 | €521 | -€139 | -21.0% |
| Suppliers | 440/4 | €660 | €521 | -€139 | -21.0% |
| Taxes, remuneration and social security | 45 | €40,436 | €11,909 | -€28,527 | -70.5% |
| Taxes | 450/3 | €37,937 | €6,881 | -€31,055 | -81.9% |
| Remuneration and social security | 454/9 | €2,500 | €5,028 | +€2,528 | +101% |
| Other amounts payable | 47/48 | €293,241 | €114,480 | -€178,761 | -61.0% |
| Accrued charges and deferred income | 492/3 | €10,714 | €5,643 | -€5,071 | -47.3% |
| Other operating charges | 640/8 | €384 | €519 | +€135 | +35.0% |
| Gross operating margin | 9900 | €140,000 | €92,671 | -€47,329 | -33.8% |
| Operating profit (loss) | 9901 | €139,616 | €92,152 | -€47,464 | -34.0% |
| Financial income | 75/76B | - | €183,505 | +€183,505 | |
| Recurring financial income | 75 | - | €183,505 | +€183,505 | |
| Financial charges | 65/66B | €15,432 | €12,689 | -€2,743 | -17.8% |
| Recurring financial charges | 65 | €15,432 | €12,689 | -€2,743 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €124,183 | €262,968 | +€138,784 | +112% |
| Income taxes | 67/77 | €31,046 | €19,865 | -€11,180 | -36.0% |
| Profit (loss) for the period | 9904 | €93,138 | €243,102 | +€149,965 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €93,138 | €243,102 | +€149,965 | +161% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.