BRIDOUX: 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.
BRIDOUX
Largest movements
- Tangible fixed assets -€112,614
down €112,614 (-8.0%), from €1.4m to €1.3m
of which Land and buildings: -€100,767
- Receivables within one year -€24,355
down €24,355 (-33.5%), from €72,769 to €48,415
of which Other amounts receivable: -€22,474
- Cash +€21,273
up €21,273 (+590.6%), from €3,602 to €24,875
mainly Depreciation (+€126,871) and Net result for the year (+€33,572)
- Debts after one year -€123,388
down €123,388 (-12.7%), from €971,259 to €847,871
of which Financial debts: -€123,388
- Current portion of long-term debt -€51,414
down €51,414 (-27.9%), from €184,437 to €133,022
- Advances received +€29,653
new in 2025: €29,653
- Reserves +€28,614
up €28,614 (+22.9%), from €125,161 to €153,775
- Gross operating margin +€82,264
up €82,264 (+54.4%), from €151,309 to €233,573
- Other operating charges +€10,568
up €10,568 (+48.8%), from €21,667 to €32,235
- Financial charges -€5,508
down €5,508 (-12.9%), from €42,753 to €37,245
- Depreciation +€5,481
up €5,481 (+4.5%), from €121,390 to €126,871
- Taxes +€3,670
new in 2025: €3,670
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 | €1,484,206 | €1,368,614 | -€115,592 | -7.8% |
| Fixed assets | 21/28 | €1,404,678 | €1,292,064 | -€112,614 | -8.0% |
| Tangible fixed assets | 22/27 | €1,404,348 | €1,291,734 | -€112,614 | -8.0% |
| Land and buildings | 22 | €1,294,211 | €1,193,445 | -€100,767 | -7.8% |
| Plant, machinery and equipment | 23 | €110,137 | €98,289 | -€11,847 | -10.8% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €79,528 | €76,551 | -€2,978 | -3.7% |
| Amounts receivable within one year | 40/41 | €72,769 | €48,415 | -€24,355 | -33.5% |
| Trade receivables | 40 | €29,372 | €27,491 | -€1,881 | -6.4% |
| Other amounts receivable | 41 | €43,397 | €20,923 | -€22,474 | -51.8% |
| Cash at bank and in hand | 54/58 | €3,602 | €24,875 | +€21,273 | +590.6% |
| Deferred charges and accrued income | 490/1 | €3,157 | €3,261 | +€103 | +3.3% |
| Total equity and liabilities | 10/49 | €1,484,206 | €1,368,614 | -€115,592 | -7.8% |
| Equity | 10/15 | €138,795 | €172,367 | +€33,572 | +24.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €125,161 | €153,775 | +€28,614 | +22.9% |
| Distributable reserves | 133 | €125,161 | €153,775 | +€28,614 | +22.9% |
| Profit (loss) carried forward | 14 | -€4,958 | - | +€4,958 | |
| Amounts payable | 17/49 | €1,345,411 | €1,196,247 | -€149,164 | -11.1% |
| Amounts payable after more than one year | 17 | €971,259 | €847,871 | -€123,388 | -12.7% |
| Financial debts | 170/4 | €957,077 | €833,689 | -€123,388 | -12.9% |
| Other amounts payable | 178/9 | €14,182 | €14,182 | = | 0.0% |
| Amounts payable within one year | 42/48 | €362,822 | €335,547 | -€27,275 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €184,437 | €133,022 | -€51,414 | -27.9% |
| Financial debts | 43 | €8,825 | - | -€8,825 | |
| Credit institutions | 430/8 | €8,825 | - | -€8,825 | |
| Trade debts | 44 | €65,417 | €77,161 | +€11,744 | +18.0% |
| Suppliers | 440/4 | €65,417 | €77,161 | +€11,744 | +18.0% |
| Advances received on contracts in progress | 46 | - | €29,653 | +€29,653 | |
| Taxes, remuneration and social security | 45 | €17,858 | €14,028 | -€3,830 | -21.4% |
| Taxes | 450/3 | €17,858 | €14,028 | -€3,830 | -21.4% |
| Other amounts payable | 47/48 | €86,285 | €81,683 | -€4,602 | -5.3% |
| Accrued charges and deferred income | 492/3 | €11,330 | €12,830 | +€1,500 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,390 | €126,871 | +€5,481 | +4.5% |
| Other operating charges | 640/8 | €21,667 | €32,235 | +€10,568 | +48.8% |
| Gross operating margin | 9900 | €151,309 | €233,573 | +€82,264 | +54.4% |
| Operating profit (loss) | 9901 | €8,252 | €74,467 | +€66,215 | +802.4% |
| Financial income | 75/76B | €103 | €20 | -€84 | -81.0% |
| Recurring financial income | 75 | €103 | €20 | -€84 | -81.0% |
| Financial charges | 65/66B | €42,753 | €37,245 | -€5,508 | -12.9% |
| Recurring financial charges | 65 | €42,753 | €37,245 | -€5,508 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,397 | €37,242 | +€71,639 | |
| Income taxes | 67/77 | - | €3,670 | +€3,670 | |
| Profit (loss) for the period | 9904 | -€34,397 | €33,572 | +€67,968 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,397 | €33,572 | +€67,968 |
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 10 October 2026 via checked.be.