BREUGELMANS: 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.
BREUGELMANS
Largest movements
- Cash -€85,944
down €85,944 (-71.0%), from €121,058 to €35,114
mainly Deferred charges and accrued income (-€77,946) and Trade debts (-€12,321)
- Deferred charges and accrued income +€77,946
up €77,946 (+1,056%), from €7,381 to €85,327
- Stocks and contracts +€6,355
up €6,355 (+17.6%), from €36,205 to €42,560
- Tangible fixed assets -€6,248
down €6,248 (-8.6%), from €72,483 to €66,235
of which Land and buildings: -€5,535
- Receivables within one year +€4,985
up €4,985 (+5.6%), from €89,552 to €94,537
of which Other amounts receivable: +€10,048
- Trade debts -€12,321
down €12,321 (-51.6%), from €23,866 to €11,545
- Tax, wage and social debts +€11,692
up €11,692 (+45.7%), from €25,557 to €37,250
of which Taxes: +€10,047
- Current portion of long-term debt -€4,614
down €4,614 (-27.8%), from €16,595 to €11,981
- Gross operating margin +€6,531
up €6,531 (+3.0%), from €217,629 to €224,161
- Staff costs +€6,256
up €6,256 (+3.2%), from €195,294 to €201,550
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €326,679 | €323,773 | -€2,906 | -0.9% |
| Fixed assets | 21/28 | €72,483 | €66,235 | -€6,248 | -8.6% |
| Tangible fixed assets | 22/27 | €72,483 | €66,235 | -€6,248 | -8.6% |
| Land and buildings | 22 | €71,770 | €66,235 | -€5,535 | -7.7% |
| Plant, machinery and equipment | 23 | €713 | - | -€713 | |
| Current assets | 29/58 | €254,196 | €257,538 | +€3,342 | +1.3% |
| Stocks and contracts in progress | 3 | €36,205 | €42,560 | +€6,355 | +17.6% |
| Stocks | 30/36 | €36,205 | €42,560 | +€6,355 | +17.6% |
| Amounts receivable within one year | 40/41 | €89,552 | €94,537 | +€4,985 | +5.6% |
| Trade receivables | 40 | €8,026 | €2,962 | -€5,063 | -63.1% |
| Other amounts receivable | 41 | €81,526 | €91,575 | +€10,048 | +12.3% |
| Cash at bank and in hand | 54/58 | €121,058 | €35,114 | -€85,944 | -71.0% |
| Deferred charges and accrued income | 490/1 | €7,381 | €85,327 | +€77,946 | +1,056% |
| Total equity and liabilities | 10/49 | €326,679 | €323,773 | -€2,906 | -0.9% |
| Equity | 10/15 | €183,161 | €185,497 | +€2,336 | +1.3% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €140,788 | €143,124 | +€2,336 | +1.7% |
| Distributable reserves | 133 | €140,788 | €143,124 | +€2,336 | +1.7% |
| Profit (loss) carried forward | 14 | €21,922 | €21,922 | = | 0.0% |
| Amounts payable | 17/49 | €143,518 | €138,276 | -€5,242 | -3.7% |
| Amounts payable within one year | 42/48 | €143,518 | €138,276 | -€5,242 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €16,595 | €11,981 | -€4,614 | -27.8% |
| Financial debts | 43 | €72,500 | €72,500 | = | 0.0% |
| Credit institutions | 430/8 | €72,500 | €72,500 | = | 0.0% |
| Trade debts | 44 | €23,866 | €11,545 | -€12,321 | -51.6% |
| Suppliers | 440/4 | €23,866 | €11,545 | -€12,321 | -51.6% |
| Taxes, remuneration and social security | 45 | €25,557 | €37,250 | +€11,692 | +45.7% |
| Taxes | 450/3 | €2,209 | €12,256 | +€10,047 | +455% |
| Remuneration and social security | 454/9 | €23,348 | €24,993 | +€1,646 | +7.0% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €195,294 | €201,550 | +€6,256 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,943 | €6,248 | +€305 | +5.1% |
| Other operating charges | 640/8 | €5,326 | €6,142 | +€817 | +15.3% |
| Gross operating margin | 9900 | €217,629 | €224,161 | +€6,531 | +3.0% |
| Operating profit (loss) | 9901 | €11,066 | €10,220 | -€847 | -7.7% |
| Financial income | 75/76B | €4,719 | €4,593 | -€126 | -2.7% |
| Recurring financial income | 75 | €4,719 | €4,593 | -€126 | -2.7% |
| Financial charges | 65/66B | €7,130 | €7,718 | +€588 | +8.3% |
| Recurring financial charges | 65 | €7,130 | €7,718 | +€588 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €8,655 | €7,094 | -€1,561 | -18.0% |
| Income taxes | 67/77 | €5,660 | €4,758 | -€902 | -15.9% |
| Profit (loss) for the period | 9904 | €2,994 | €2,336 | -€658 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,994 | €2,336 | -€658 | -22.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.