BRINGARD & DENEVE: 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.
BRINGARD & DENEVE
Largest movements
- Receivables within one year -€60,124
down €60,124 (-30.0%), from €200,701 to €140,577
of which Trade receivables: -€62,439
- Cash -€26,717
down €26,717 (-9.9%), from €270,545 to €243,828
mainly Net result for the year (-€38,751) and Investment in fixed assets (net) (-€32,826)
- Deferred charges and accrued income +€6,677
up €6,677 (+78.7%), from €8,479 to €15,156
- Profit (loss) carried forward -€38,751
down €38,751 (-15.6%), from €249,138 to €210,387
- Advances received -€30,190
down €30,190 (-27.6%), from €109,225 to €79,036
- Tax, wage and social debts -€11,097
down €11,097 (-28.3%), from €39,203 to €28,107
of which Taxes: -€8,713
- Debts after one year +€9,345
up €9,345 (+44.6%), from €20,952 to €30,297
- Gross operating margin -€153,498
down €153,498 (-52.9%), from €290,081 to €136,583
- Staff costs -€28,027
down €28,027 (-16.7%), from €167,653 to €139,626
- Write-downs -€5,898
no longer reported in 2025 (was €5,898)
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 | €564,737 | €488,456 | -€76,281 | -13.5% |
| Fixed assets | 21/28 | €85,012 | €88,896 | +€3,884 | +4.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €85,012 | €88,896 | +€3,884 | +4.6% |
| Land and buildings | 22 | €46,877 | €39,600 | -€7,277 | -15.5% |
| Plant, machinery and equipment | 23 | €2,172 | €2,483 | +€311 | +14.3% |
| Furniture and vehicles | 24 | €35,963 | €46,812 | +€10,850 | +30.2% |
| Current assets | 29/58 | €479,725 | €399,560 | -€80,165 | -16.7% |
| Amounts receivable within one year | 40/41 | €200,701 | €140,577 | -€60,124 | -30.0% |
| Trade receivables | 40 | €198,087 | €135,648 | -€62,439 | -31.5% |
| Other amounts receivable | 41 | €2,613 | €4,928 | +€2,315 | +88.6% |
| Cash at bank and in hand | 54/58 | €270,545 | €243,828 | -€26,717 | -9.9% |
| Deferred charges and accrued income | 490/1 | €8,479 | €15,156 | +€6,677 | +78.7% |
| Total equity and liabilities | 10/49 | €564,737 | €488,456 | -€76,281 | -13.5% |
| Equity | 10/15 | €257,204 | €218,453 | -€38,751 | -15.1% |
| Contributions | 10/11 | €8,065 | €8,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,138 | €210,387 | -€38,751 | -15.6% |
| Amounts payable | 17/49 | €307,533 | €270,003 | -€37,530 | -12.2% |
| Amounts payable after more than one year | 17 | €20,952 | €30,297 | +€9,345 | +44.6% |
| Financial debts | 170/4 | €20,952 | €30,297 | +€9,345 | +44.6% |
| Amounts payable within one year | 42/48 | €286,581 | €239,706 | -€46,875 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €13,713 | €13,845 | +€132 | +1.0% |
| Trade debts | 44 | €18,007 | €14,719 | -€3,288 | -18.3% |
| Suppliers | 440/4 | €18,007 | €14,719 | -€3,288 | -18.3% |
| Advances received on contracts in progress | 46 | €109,225 | €79,036 | -€30,190 | -27.6% |
| Taxes, remuneration and social security | 45 | €39,203 | €28,107 | -€11,097 | -28.3% |
| Taxes | 450/3 | €19,241 | €10,528 | -€8,713 | -45.3% |
| Remuneration and social security | 454/9 | €19,963 | €17,579 | -€2,384 | -11.9% |
| Other amounts payable | 47/48 | €106,432 | €104,000 | -€2,432 | -2.3% |
| Remuneration, social security and pensions | 62 | €167,653 | €139,626 | -€28,027 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,080 | €28,942 | +€862 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,898 | - | -€5,898 | |
| Other operating charges | 640/8 | €7,062 | €4,265 | -€2,797 | -39.6% |
| Gross operating margin | 9900 | €290,081 | €136,583 | -€153,498 | -52.9% |
| Operating profit (loss) | 9901 | €81,387 | -€36,250 | -€117,638 | |
| Financial income | 75/76B | €363 | €622 | +€259 | +71.4% |
| Recurring financial income | 75 | €363 | €622 | +€259 | +71.4% |
| Financial charges | 65/66B | €1,828 | €2,228 | +€399 | +21.8% |
| Recurring financial charges | 65 | €1,828 | €2,228 | +€399 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €79,922 | -€37,856 | -€117,778 | |
| Income taxes | 67/77 | -€917 | €895 | +€1,813 | |
| Profit (loss) for the period | 9904 | €80,839 | -€38,751 | -€119,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €80,839 | -€38,751 | -€119,590 |
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 16 October 2026 via checked.be.