BRIDGECO: 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.
BRIDGECO
Largest movements
- Tangible fixed assets -€66,736
down €66,736 (-6.1%), from €1.1m to €1.0m
of which Land and buildings: -€60,362
- Cash +€24,790
up €24,790 (+140.7%), from €17,613 to €42,403
mainly Depreciation (+€66,736) and Other debts (+€18,497)
- Current investments -€15,000
no longer reported in 2025 (was €15,000)
- Short-term financial debts -€65,000
down €65,000 (-7.0%), from €925,000 to €860,000
of which Other loans: -€65,000
- Debts after one year -€30,824
down €30,824 (-79.7%), from €38,654 to €7,831
- Other debts +€18,497
up €18,497 (+24.6%), from €75,075 to €93,572
- Trade debts +€15,158
up €15,158 (+697.3%), from €2,174 to €17,332
- Depreciation -€57,918
down €57,918 (-46.5%), from €124,654 to €66,736
- Gross operating margin -€38,761
down €38,761 (-25.5%), from €152,154 to €113,393
- Financial charges +€31,093
up €31,093 (+479.6%), from €6,484 to €37,576
- Financial income +€5,816
up €5,816 (+62208.4%), from €9 to €5,826
- Taxes +€1,697
up €1,697 (+123.9%), from €1,370 to €3,067
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 | €1,201,782 | €1,148,141 | -€53,641 | -4.5% |
| Fixed assets | 21/28 | €1,097,456 | €1,030,721 | -€66,736 | -6.1% |
| Tangible fixed assets | 22/27 | €1,097,456 | €1,030,721 | -€66,736 | -6.1% |
| Land and buildings | 22 | €1,084,585 | €1,024,222 | -€60,362 | -5.6% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €12,872 | €6,498 | -€6,373 | -49.5% |
| Current assets | 29/58 | €104,326 | €117,421 | +€13,095 | +12.6% |
| Amounts receivable within one year | 40/41 | €71,713 | €75,018 | +€3,305 | +4.6% |
| Trade receivables | 40 | €58,080 | €58,080 | = | 0.0% |
| Other amounts receivable | 41 | €13,633 | €16,938 | +€3,305 | +24.2% |
| Current investments | 50/53 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €17,613 | €42,403 | +€24,790 | +140.7% |
| Total equity and liabilities | 10/49 | €1,201,782 | €1,148,141 | -€53,641 | -4.5% |
| Equity | 10/15 | €119,438 | €121,814 | +€2,376 | +2.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €100,888 | €103,264 | +€2,376 | +2.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €99,033 | €101,409 | +€2,376 | +2.4% |
| Amounts payable | 17/49 | €1,082,344 | €1,026,327 | -€56,017 | -5.2% |
| Amounts payable after more than one year | 17 | €38,654 | €7,831 | -€30,824 | -79.7% |
| Financial debts | 170/4 | €38,654 | €7,831 | -€30,824 | -79.7% |
| Amounts payable within one year | 42/48 | €1,043,690 | €1,018,496 | -€25,194 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €29,153 | €30,616 | +€1,463 | +5.0% |
| Financial debts | 43 | €925,000 | €860,000 | -€65,000 | -7.0% |
| Credit institutions | 430/8 | €325,000 | €325,000 | = | 0.0% |
| Other loans | 439 | €600,000 | €535,000 | -€65,000 | -10.8% |
| Trade debts | 44 | €2,174 | €17,332 | +€15,158 | +697.3% |
| Suppliers | 440/4 | €2,174 | €17,332 | +€15,158 | +697.3% |
| Taxes, remuneration and social security | 45 | €12,288 | €16,976 | +€4,688 | +38.2% |
| Taxes | 450/3 | €12,288 | €16,976 | +€4,688 | +38.2% |
| Other amounts payable | 47/48 | €75,075 | €93,572 | +€18,497 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,654 | €66,736 | -€57,918 | -46.5% |
| Other operating charges | 640/8 | €10,495 | €9,463 | -€1,032 | -9.8% |
| Gross operating margin | 9900 | €152,154 | €113,393 | -€38,761 | -25.5% |
| Operating profit (loss) | 9901 | €17,005 | €37,194 | +€20,189 | +118.7% |
| Financial income | 75/76B | €9 | €5,826 | +€5,816 | +62208.4% |
| Recurring financial income | 75 | €9 | €5,826 | +€5,816 | +62208.4% |
| Financial charges | 65/66B | €6,484 | €37,576 | +€31,093 | +479.6% |
| Recurring financial charges | 65 | €6,484 | €37,576 | +€31,093 | +479.6% |
| Profit (loss) for the period before taxes | 9903 | €10,531 | €5,443 | -€5,087 | -48.3% |
| Income taxes | 67/77 | €1,370 | €3,067 | +€1,697 | +123.9% |
| Profit (loss) for the period | 9904 | €9,161 | €2,376 | -€6,785 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,161 | €2,376 | -€6,785 | -74.1% |
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 3 October 2026 via checked.be.