BRIDGE DEVELOPMENT: 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.
BRIDGE DEVELOPMENT
Largest movements
- Stocks and contracts -€42,766
down €42,766 (-100.0%), from €42,766 to €0
- Cash -€29,964
down €29,964 (-60.9%), from €49,217 to €19,253
mainly Short-term financial debts (-€75,678) and Tax, wage and social debts (-€57,572)
- Deferred charges and accrued income +€15,288
up €15,288 (+67.6%), from €22,604 to €37,892
- Receivables within one year +€6,888
up €6,888 (+3.5%), from €199,228 to €206,116
- Other debts +€98,356
up €98,356 (+366.8%), from €26,817 to €125,173
- Short-term financial debts -€75,678
down €75,678 (-60.5%), from €125,000 to €49,322
- Tax, wage and social debts -€57,572
down €57,572 (-96.2%), from €59,858 to €2,287
- Profit (loss) carried forward -€29,478
new in 2025: -€29,478
- Accrued charges and deferred income +€13,573
up €13,573 (+59.9%), from €22,645 to €36,218
- Gross operating margin -€78,141
down €78,141, from €37,060 to -€41,081
- Write-downs -€23,729
down €23,729, from €11,864 to -€11,864
- Financial income -€9,709
down €9,709 (-48.0%), from €20,227 to €10,518
- Taxes -€9,268
down €9,268 (-96.9%), from €9,568 to €300
- Financial charges +€1,240
up €1,240 (+15.3%), from €8,095 to €9,336
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 | €313,815 | €263,260 | -€50,554 | -16.1% |
| Current assets | 29/58 | €313,815 | €263,260 | -€50,554 | -16.1% |
| Stocks and contracts in progress | 3 | €42,766 | €0 | -€42,766 | -100.0% |
| Stocks | 30/36 | €42,766 | €0 | -€42,766 | -100.0% |
| Amounts receivable within one year | 40/41 | €199,228 | €206,116 | +€6,888 | +3.5% |
| Other amounts receivable | 41 | €199,228 | €206,116 | +€6,888 | +3.5% |
| Cash at bank and in hand | 54/58 | €49,217 | €19,253 | -€29,964 | -60.9% |
| Deferred charges and accrued income | 490/1 | €22,604 | €37,892 | +€15,288 | +67.6% |
| Total equity and liabilities | 10/49 | €313,815 | €263,260 | -€50,554 | -16.1% |
| Equity | 10/15 | €70,000 | €40,522 | -€29,478 | -42.1% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€29,478 | -€29,478 | |
| Amounts payable | 17/49 | €243,815 | €222,738 | -€21,076 | -8.6% |
| Amounts payable within one year | 42/48 | €221,170 | €186,520 | -€34,650 | -15.7% |
| Financial debts | 43 | €125,000 | €49,322 | -€75,678 | -60.5% |
| Other loans | 439 | €125,000 | €49,322 | -€75,678 | -60.5% |
| Trade debts | 44 | €9,495 | €9,739 | +€244 | +2.6% |
| Suppliers | 440/4 | €9,495 | €9,739 | +€244 | +2.6% |
| Taxes, remuneration and social security | 45 | €59,858 | €2,287 | -€57,572 | -96.2% |
| Taxes | 450/3 | €59,858 | €2,287 | -€57,572 | -96.2% |
| Other amounts payable | 47/48 | €26,817 | €125,173 | +€98,356 | +366.8% |
| Accrued charges and deferred income | 492/3 | €22,645 | €36,218 | +€13,573 | +59.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,864 | -€11,864 | -€23,729 | |
| Other operating charges | 640/8 | €1,115 | €1,144 | +€29 | +2.6% |
| Gross operating margin | 9900 | €37,060 | -€41,081 | -€78,141 | |
| Operating profit (loss) | 9901 | €24,081 | -€30,360 | -€54,441 | |
| Financial income | 75/76B | €20,227 | €10,518 | -€9,709 | -48.0% |
| Recurring financial income | 75 | €20,227 | €10,518 | -€9,709 | -48.0% |
| Financial charges | 65/66B | €8,095 | €9,336 | +€1,240 | +15.3% |
| Recurring financial charges | 65 | €8,095 | €9,336 | +€1,240 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €36,212 | -€29,178 | -€65,390 | |
| Income taxes | 67/77 | €9,568 | €300 | -€9,268 | -96.9% |
| Profit (loss) for the period | 9904 | €26,644 | -€29,478 | -€56,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,644 | -€29,478 | -€56,122 |
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 9 October 2026 via checked.be.