BRUCKMANAGEMENT: 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.
BRUCKMANAGEMENT
Largest movements
- Receivables within one year +€267,562
new in 2025: €267,562
- Tangible fixed assets -€80,771
down €80,771 (-9.5%), from €852,841 to €772,070
of which Furniture and vehicles: -€79,697
- Receivables after one year -€42,105
down €42,105 (-25.0%), from €168,421 to €126,316
- Profit (loss) carried forward +€605,485
no longer reported in 2025 (was -€605,485)
- Reserves -€397,908
down €397,908 (-47.6%), from €835,158 to €437,250
- Other debts -€79,585
down €79,585 (-25.4%), from €313,335 to €233,750
- Tax, wage and social debts +€73,340
up €73,340 (+251%), from €29,205 to €102,545
- Debts after one year -€41,456
down €41,456 (-10.8%), from €382,747 to €341,291
- Gross operating margin +€599,399
up €599,399 (+271%), from €221,300 to €820,699
- Taxes +€72,454
up €72,454 (+2,478%), from €2,924 to €75,378
- Depreciation -€8,970
down €8,970 (-13.3%), from €67,279 to €58,309
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 | €1,032,310 | €1,175,847 | +€143,537 | +13.9% |
| Fixed assets | 21/28 | €852,841 | €772,070 | -€80,771 | -9.5% |
| Tangible fixed assets | 22/27 | €852,841 | €772,070 | -€80,771 | -9.5% |
| Land and buildings | 22 | €620,663 | €619,589 | -€1,074 | -0.2% |
| Furniture and vehicles | 24 | €232,178 | €152,481 | -€79,697 | -34.3% |
| Current assets | 29/58 | €179,469 | €403,778 | +€224,308 | +125% |
| Amounts receivable after more than one year | 29 | €168,421 | €126,316 | -€42,105 | -25.0% |
| Other amounts receivable | 291 | €168,421 | €126,316 | -€42,105 | -25.0% |
| Amounts receivable within one year | 40/41 | - | €267,562 | +€267,562 | |
| Other amounts receivable | 41 | - | €267,562 | +€267,562 | |
| Current investments | 50/53 | €850 | €855 | +€5 | +0.6% |
| Cash at bank and in hand | 54/58 | €6,291 | €4,508 | -€1,783 | -28.3% |
| Deferred charges and accrued income | 490/1 | €3,908 | €4,537 | +€629 | +16.1% |
| Total equity and liabilities | 10/49 | €1,032,310 | €1,175,847 | +€143,537 | +13.9% |
| Equity | 10/15 | €242,073 | €449,650 | +€207,577 | +85.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €835,158 | €437,250 | -€397,908 | -47.6% |
| Distributable reserves | 133 | €835,158 | €437,250 | -€397,908 | -47.6% |
| Profit (loss) carried forward | 14 | -€605,485 | - | +€605,485 | |
| Amounts payable | 17/49 | €790,237 | €726,197 | -€64,040 | -8.1% |
| Amounts payable after more than one year | 17 | €382,747 | €341,291 | -€41,456 | -10.8% |
| Financial debts | 170/4 | €382,747 | €341,291 | -€41,456 | -10.8% |
| Amounts payable within one year | 42/48 | €405,247 | €382,663 | -€22,583 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €40,815 | €41,456 | +€641 | +1.6% |
| Trade debts | 44 | €21,891 | €4,912 | -€16,979 | -77.6% |
| Suppliers | 440/4 | €21,891 | €4,912 | -€16,979 | -77.6% |
| Taxes, remuneration and social security | 45 | €29,205 | €102,545 | +€73,340 | +251% |
| Taxes | 450/3 | €29,205 | €102,545 | +€73,340 | +251% |
| Other amounts payable | 47/48 | €313,335 | €233,750 | -€79,585 | -25.4% |
| Accrued charges and deferred income | 492/3 | €2,243 | €2,243 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,279 | €58,309 | -€8,970 | -13.3% |
| Other operating charges | 640/8 | €11,407 | €4,631 | -€6,777 | -59.4% |
| Non-recurring operating charges | 66A | €29,999 | - | -€29,999 | |
| Gross operating margin | 9900 | €221,300 | €820,699 | +€599,399 | +271% |
| Operating profit (loss) | 9901 | €112,615 | €757,760 | +€645,145 | +573% |
| Financial income | 75/76B | €9 | €5,500 | +€5,491 | +60,872% |
| Recurring financial income | 75 | €9 | €5,500 | +€5,491 | +60,872% |
| Financial charges | 65/66B | €7,559 | €6,675 | -€884 | -11.7% |
| Recurring financial charges | 65 | €7,559 | €6,675 | -€884 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €105,064 | €756,584 | +€651,520 | +620% |
| Income taxes | 67/77 | €2,924 | €75,378 | +€72,454 | +2,478% |
| Profit (loss) for the period | 9904 | €102,141 | €681,207 | +€579,066 | +567% |
| Profit (loss) for the period to be appropriated | 9905 | €102,141 | €681,207 | +€579,066 | +567% |
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 20 October 2026 via checked.be.