Bruce: what changed
Bruce
Largest movements
- Tangible fixed assets -€9,634
down €9,634 (-33.9%), from €28,384 to €18,750
of which Furniture and vehicles: -€9,115
- Receivables within one year -€2,547
down €2,547 (-28.3%), from €8,995 to €6,448
of which Trade receivables: -€6,655
- Cash -€1,861
down €1,861 (-10.1%), from €18,471 to €16,610
mainly Current portion of long-term debt (-€9,794) and Debts after one year (-€2,315)
- Current portion of long-term debt -€9,794
down €9,794 (-82.5%), from €11,866 to €2,072
- Debts after one year -€2,315
no longer reported in 2025 (was €2,315)
- Tax, wage and social debts -€1,113
down €1,113 (-23.2%), from €4,799 to €3,686
- Gross operating margin -€17,200
down €17,200 (-61.6%), from €27,916 to €10,716
- Purchases and services +€12,310
up €12,310 (+29.9%), from €41,198 to €53,508
- Taxes -€4,607
down €4,607 (-92.2%), from €4,996 to €389
- Turnover -€4,550
down €4,550 (-6.8%), from €66,881 to €62,331
- Financial charges -€713
down €713 (-47.5%), from €1,500 to €787
of which Financial charges: -€963
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,521 | €43,697 | -€13,824 | -24.0% |
| Fixed assets | 21/28 | €28,384 | €18,750 | -€9,634 | -33.9% |
| Tangible fixed assets | 22/27 | €28,384 | €18,750 | -€9,634 | -33.9% |
| Plant, machinery and equipment | 23 | €1,037 | €518 | -€519 | -50.0% |
| Furniture and vehicles | 24 | €27,347 | €18,232 | -€9,115 | -33.3% |
| Current assets | 29/58 | €29,137 | €24,947 | -€4,190 | -14.4% |
| Amounts receivable within one year | 40/41 | €8,995 | €6,448 | -€2,547 | -28.3% |
| Trade receivables | 40 | €6,758 | €103 | -€6,655 | -98.5% |
| Other amounts receivable | 41 | €2,237 | €6,345 | +€4,108 | +184% |
| Cash at bank and in hand | 54/58 | €18,471 | €16,610 | -€1,861 | -10.1% |
| Deferred charges and accrued income | 490/1 | €1,671 | €1,889 | +€218 | +13.0% |
| Total equity and liabilities | 10/49 | €57,521 | €43,697 | -€13,824 | -24.0% |
| Equity | 10/15 | €36,241 | €35,718 | -€523 | -1.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €38,938 | €38,938 | = | 0.0% |
| Distributable reserves | 133 | €38,938 | €38,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,197 | -€5,720 | -€523 | -10.1% |
| Amounts payable | 17/49 | €21,280 | €7,979 | -€13,301 | -62.5% |
| Amounts payable after more than one year | 17 | €2,315 | - | -€2,315 | |
| Financial debts | 170/4 | €2,315 | - | -€2,315 | |
| Amounts payable within one year | 42/48 | €18,965 | €7,979 | -€10,986 | -57.9% |
| Current portion of amounts payable after more than one year | 42 | €11,866 | €2,072 | -€9,794 | -82.5% |
| Trade debts | 44 | €2,300 | €2,221 | -€79 | -3.4% |
| Suppliers | 440/4 | €2,300 | €2,221 | -€79 | -3.4% |
| Taxes, remuneration and social security | 45 | €4,799 | €3,686 | -€1,113 | -23.2% |
| Taxes | 450/3 | €4,799 | €3,686 | -€1,113 | -23.2% |
| Turnover | 70 | €66,881 | €62,331 | -€4,550 | -6.8% |
| Non-recurring operating income | 76A | €480 | - | -€480 | |
| Goods, raw materials, services and sundry goods | 60/61 | €41,198 | €53,508 | +€12,310 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,384 | €9,384 | = | 0.0% |
| Other operating charges | 640/8 | €222 | €679 | +€457 | +206% |
| Gross operating margin | 9900 | €27,916 | €10,716 | -€17,200 | -61.6% |
| Operating profit (loss) | 9901 | €18,310 | €653 | -€17,657 | -96.4% |
| Financial charges | 65/66B | €1,500 | €787 | -€713 | -47.5% |
| Recurring financial charges | 65 | €1,500 | €537 | -€963 | -64.2% |
| Non-recurring financial charges | 66B | - | €250 | +€250 | |
| Profit (loss) for the period before taxes | 9903 | €16,810 | -€134 | -€16,944 | |
| Income taxes | 67/77 | €4,996 | €389 | -€4,607 | -92.2% |
| Profit (loss) for the period | 9904 | €11,814 | -€523 | -€12,337 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,814 | -€523 | -€12,337 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.