BRIDIS: 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.
BRIDIS
Largest movements
- Tangible fixed assets +€704,569
up €704,569 (+302%), from €232,916 to €937,485
of which Land and buildings: +€840,214
- Stocks and contracts -€102,403
no longer reported in 2025 (was €102,403)
- Receivables within one year -€94,560
down €94,560 (-46.4%), from €203,694 to €109,135
of which Other amounts receivable: -€107,740
- Deferred charges and accrued income -€37,477
down €37,477 (-92.9%), from €40,346 to €2,870
- Cash -€26,523
down €26,523 (-72.7%), from €36,485 to €9,962
mainly Investment in fixed assets (net) (-€692,905) and Trade debts (-€204,273)
- Debts after one year +€417,129
up €417,129 (+792%), from €52,659 to €469,788
- Trade debts -€204,273
down €204,273 (-98.9%), from €206,525 to €2,252
- Reserves +€126,626
up €126,626 (+63.8%), from €198,614 to €325,240
of which Tax-exempt reserves: +€207,573
- Provisions +€69,191
new in 2025: €69,191
- Other debts +€62,215
up €62,215 (+306%), from €20,312 to €82,527
- Staff costs -€207,570
down €207,570 (-67.6%), from €306,867 to €99,297
- Gross operating margin -€81,611
down €81,611 (-19.0%), from €428,425 to €346,814
- Depreciation -€37,011
down €37,011 (-61.4%), from €60,308 to €23,297
- Taxes -€5,694
down €5,694 (-75.9%), from €7,504 to €1,811
- Financial income -€4,545
down €4,545 (-92.7%), from €4,903 to €358
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 | €650,806 | €1,059,451 | +€408,645 | +62.8% |
| Formation expenses | 20 | €10,353 | - | -€10,353 | |
| Fixed assets | 21/28 | €257,524 | €937,485 | +€679,961 | +264% |
| Tangible fixed assets | 22/27 | €232,916 | €937,485 | +€704,569 | +302% |
| Land and buildings | 22 | - | €840,214 | +€840,214 | |
| Plant, machinery and equipment | 23 | €189,740 | €2,503 | -€187,237 | -98.7% |
| Furniture and vehicles | 24 | €36,382 | €94,768 | +€58,386 | +160% |
| Other tangible fixed assets | 26 | €6,794 | - | -€6,794 | |
| Financial fixed assets | 28 | €24,608 | - | -€24,608 | |
| Current assets | 29/58 | €382,929 | €121,967 | -€260,963 | -68.1% |
| Stocks and contracts in progress | 3 | €102,403 | - | -€102,403 | |
| Stocks | 30/36 | €102,403 | - | -€102,403 | |
| Amounts receivable within one year | 40/41 | €203,694 | €109,135 | -€94,560 | -46.4% |
| Trade receivables | 40 | €576 | €13,756 | +€13,180 | +2,288% |
| Other amounts receivable | 41 | €203,119 | €95,379 | -€107,740 | -53.0% |
| Cash at bank and in hand | 54/58 | €36,485 | €9,962 | -€26,523 | -72.7% |
| Deferred charges and accrued income | 490/1 | €40,346 | €2,870 | -€37,477 | -92.9% |
| Total equity and liabilities | 10/49 | €650,806 | €1,059,451 | +€408,645 | +62.8% |
| Equity | 10/15 | €273,614 | €400,240 | +€126,626 | +46.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €198,614 | €325,240 | +€126,626 | +63.8% |
| Non-distributable reserves | 130/1 | €3,060 | €3,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,060 | €3,060 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €207,573 | +€207,573 | |
| Distributable reserves | 133 | €195,555 | €114,607 | -€80,947 | -41.4% |
| Provisions and deferred taxes | 16 | - | €69,191 | +€69,191 | |
| Deferred taxes | 168 | - | €69,191 | +€69,191 | |
| Amounts payable | 17/49 | €377,192 | €590,020 | +€212,828 | +56.4% |
| Amounts payable after more than one year | 17 | €52,659 | €469,788 | +€417,129 | +792% |
| Financial debts | 170/4 | €52,659 | €469,788 | +€417,129 | +792% |
| Amounts payable within one year | 42/48 | €324,533 | €119,663 | -€204,870 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €47,918 | €18,371 | -€29,547 | -61.7% |
| Trade debts | 44 | €206,525 | €2,252 | -€204,273 | -98.9% |
| Suppliers | 440/4 | €206,525 | €2,252 | -€204,273 | -98.9% |
| Advances received on contracts in progress | 46 | - | €1,075 | +€1,075 | |
| Taxes, remuneration and social security | 45 | €49,778 | €15,438 | -€34,340 | -69.0% |
| Taxes | 450/3 | €15,527 | €15,438 | -€90 | -0.6% |
| Remuneration and social security | 454/9 | €34,251 | - | -€34,251 | |
| Other amounts payable | 47/48 | €20,312 | €82,527 | +€62,215 | +306% |
| Accrued charges and deferred income | 492/3 | - | €570 | +€570 | |
| Remuneration, social security and pensions | 62 | €306,867 | €99,297 | -€207,570 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,308 | €23,297 | -€37,011 | -61.4% |
| Other operating charges | 640/8 | €3,364 | €1,741 | -€1,622 | -48.2% |
| Gross operating margin | 9900 | €428,425 | €346,814 | -€81,611 | -19.0% |
| Operating profit (loss) | 9901 | €57,887 | €222,478 | +€164,591 | +284% |
| Financial income | 75/76B | €4,903 | €358 | -€4,545 | -92.7% |
| Recurring financial income | 75 | €4,903 | €358 | -€4,545 | -92.7% |
| Financial charges | 65/66B | €21,329 | €25,209 | +€3,881 | +18.2% |
| Recurring financial charges | 65 | €21,329 | €25,209 | +€3,881 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €41,461 | €197,627 | +€156,166 | +377% |
| Transfer from deferred taxes | 780 | - | €1,663 | +€1,663 | |
| Transfer to deferred taxes | 680 | - | €70,854 | +€70,854 | |
| Income taxes | 67/77 | €7,504 | €1,811 | -€5,694 | -75.9% |
| Profit (loss) for the period | 9904 | €33,957 | €126,626 | +€92,669 | +273% |
| Transfer from tax-exempt reserves | 789 | - | €4,989 | +€4,989 | |
| Transfer to tax-exempt reserves | 689 | - | €212,562 | +€212,562 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,957 | -€80,947 | -€114,904 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.