BRUGEOIS: 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.
BRUGEOIS
Largest movements
- Tangible fixed assets -€9,925
down €9,925 (-55.1%), from €18,015 to €8,090
of which Plant, machinery and equipment: -€6,638
- Cash +€2,569
up €2,569 (+5,141%), from €50 to €2,619
mainly Net result for the year (+€87,387) and Depreciation (+€5,701)
- Receivables within one year +€1,858
up €1,858 (+40.6%), from €4,576 to €6,434
of which Trade receivables: +€2,742
- Profit (loss) carried forward +€87,387
up €87,387 (+44.2%), from -€197,716 to -€110,328
- Other debts -€43,776
down €43,776 (-52.0%), from €84,189 to €40,413
- Current portion of long-term debt -€24,854
down €24,854 (-100%), from €24,854 to €0
- Trade debts -€24,254
down €24,254 (-99.9%), from €24,283 to €29
- Write-downs +€117,645
up €117,645, from -€117,645 to €0
- Other operating charges -€117,160
down €117,160 (-99.5%), from €117,724 to €565
- Gross operating margin +€110,828
up €110,828, from -€16,660 to €94,167
- Depreciation -€5,985
down €5,985 (-51.2%), from €11,685 to €5,701
- Financial charges -€2,125
down €2,125 (-80.5%), from €2,640 to €515
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 | €22,672 | €17,175 | -€5,497 | -24.2% |
| Fixed assets | 21/28 | €18,015 | €8,090 | -€9,925 | -55.1% |
| Tangible fixed assets | 22/27 | €18,015 | €8,090 | -€9,925 | -55.1% |
| Plant, machinery and equipment | 23 | €13,870 | €7,232 | -€6,638 | -47.9% |
| Furniture and vehicles | 24 | €4,145 | €858 | -€3,287 | -79.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €4,657 | €9,084 | +€4,428 | +95.1% |
| Amounts receivable within one year | 40/41 | €4,576 | €6,434 | +€1,858 | +40.6% |
| Trade receivables | 40 | €2,420 | €5,162 | +€2,742 | +113% |
| Other amounts receivable | 41 | €2,156 | €1,272 | -€883 | -41.0% |
| Current investments | 50/53 | €31 | €31 | +€0 | +0.4% |
| Cash at bank and in hand | 54/58 | €50 | €2,619 | +€2,569 | +5,141% |
| Total equity and liabilities | 10/49 | €22,672 | €17,175 | -€5,497 | -24.2% |
| Equity | 10/15 | -€110,655 | -€23,267 | +€87,387 | +79.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €67,061 | €67,061 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €46,311 | €46,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,716 | -€110,328 | +€87,387 | +44.2% |
| Amounts payable | 17/49 | €133,327 | €40,442 | -€92,885 | -69.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €133,327 | €40,442 | -€92,885 | -69.7% |
| Current portion of amounts payable after more than one year | 42 | €24,854 | €0 | -€24,854 | -100% |
| Trade debts | 44 | €24,283 | €29 | -€24,254 | -99.9% |
| Suppliers | 440/4 | €24,283 | €29 | -€24,254 | -99.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €84,189 | €40,413 | -€43,776 | -52.0% |
| Non-recurring operating income | 76A | €7,969 | €95,776 | +€87,807 | +1,102% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,685 | €5,701 | -€5,985 | -51.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€117,645 | €0 | +€117,645 | |
| Other operating charges | 640/8 | €117,724 | €565 | -€117,160 | -99.5% |
| Non-recurring operating charges | 66A | €66,908 | €0 | -€66,908 | -100% |
| Gross operating margin | 9900 | -€16,660 | €94,167 | +€110,828 | |
| Operating profit (loss) | 9901 | -€95,333 | €87,902 | +€183,235 | |
| Financial income | 75/76B | €2 | €0 | -€1 | -85.1% |
| Recurring financial income | 75 | €2 | €0 | -€1 | -85.1% |
| Financial charges | 65/66B | €2,640 | €515 | -€2,125 | -80.5% |
| Recurring financial charges | 65 | €2,640 | €515 | -€2,125 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | -€97,972 | €87,387 | +€185,359 | |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€97,972 | €87,387 | +€185,359 | |
| Profit (loss) for the period to be appropriated | 9905 | -€97,972 | €87,387 | +€185,359 |
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 26 October 2026 via checked.be.