BRUGEVET: 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.
BRUGEVET
Largest movements
- Cash -€152,716
down €152,716 (-47.2%), from €323,567 to €170,851
mainly Contributions, distributions and other (-€368,455) and Investment in fixed assets (net) (-€56,747)
- Tangible fixed assets +€50,685
up €50,685 (+1,055%), from €4,803 to €55,488
of which Furniture and vehicles: +€51,684
- Receivables within one year +€39,264
up €39,264 (+43.0%), from €91,232 to €130,496
- Intangible fixed assets -€30,000
down €30,000 (-26.7%), from €112,500 to €82,500
- Reserves -€117,000
down €117,000 (-57.6%), from €203,000 to €86,000
- Other debts +€55,656
up €55,656 (+19.2%), from €289,852 to €345,508
- Profit (loss) carried forward -€51,006
no longer reported in 2025 (was €51,006)
- Trade debts +€12,329
up €12,329 (+112%), from €10,966 to €23,295
- Gross operating margin +€7,171
up €7,171 (+2.5%), from €289,049 to €296,220
- Depreciation +€3,747
up €3,747 (+11.6%), from €32,316 to €36,063
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 | €580,944 | €484,540 | -€96,404 | -16.6% |
| Fixed assets | 21/28 | €117,333 | €138,018 | +€20,685 | +17.6% |
| Intangible fixed assets | 21 | €112,500 | €82,500 | -€30,000 | -26.7% |
| Tangible fixed assets | 22/27 | €4,803 | €55,488 | +€50,685 | +1,055% |
| Plant, machinery and equipment | 23 | €3,572 | €2,572 | -€1,000 | -28.0% |
| Furniture and vehicles | 24 | €1,232 | €52,916 | +€51,684 | +4,197% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €463,610 | €346,521 | -€117,089 | -25.3% |
| Stocks and contracts in progress | 3 | €48,227 | €43,488 | -€4,739 | -9.8% |
| Stocks | 30/36 | €48,227 | €43,488 | -€4,739 | -9.8% |
| Amounts receivable within one year | 40/41 | €91,232 | €130,496 | +€39,264 | +43.0% |
| Trade receivables | 40 | €91,232 | €130,496 | +€39,264 | +43.0% |
| Cash at bank and in hand | 54/58 | €323,567 | €170,851 | -€152,716 | -47.2% |
| Deferred charges and accrued income | 490/1 | €585 | €1,687 | +€1,102 | +188% |
| Total equity and liabilities | 10/49 | €580,944 | €484,540 | -€96,404 | -16.6% |
| Equity | 10/15 | €272,606 | €104,600 | -€168,006 | -61.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €203,000 | €86,000 | -€117,000 | -57.6% |
| Distributable reserves | 133 | €203,000 | €86,000 | -€117,000 | -57.6% |
| Profit (loss) carried forward | 14 | €51,006 | - | -€51,006 | |
| Amounts payable | 17/49 | €308,338 | €379,940 | +€71,602 | +23.2% |
| Amounts payable within one year | 42/48 | €308,338 | €379,940 | +€71,602 | +23.2% |
| Trade debts | 44 | €10,966 | €23,295 | +€12,329 | +112% |
| Suppliers | 440/4 | €10,966 | €23,295 | +€12,329 | +112% |
| Taxes, remuneration and social security | 45 | €7,519 | €11,136 | +€3,617 | +48.1% |
| Taxes | 450/3 | €7,519 | €11,136 | +€3,617 | +48.1% |
| Other amounts payable | 47/48 | €289,852 | €345,508 | +€55,656 | +19.2% |
| Non-recurring operating income | 76A | €1,860 | €3,306 | +€1,446 | +77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,316 | €36,063 | +€3,747 | +11.6% |
| Other operating charges | 640/8 | €313 | €1,454 | +€1,141 | +364% |
| Gross operating margin | 9900 | €289,049 | €296,220 | +€7,171 | +2.5% |
| Operating profit (loss) | 9901 | €256,421 | €258,704 | +€2,283 | +0.9% |
| Financial income | 75/76B | €131 | €209 | +€78 | +59.3% |
| Recurring financial income | 75 | €131 | €209 | +€78 | +59.3% |
| Financial charges | 65/66B | €165 | €199 | +€34 | +20.8% |
| Recurring financial charges | 65 | €150 | €199 | +€49 | +32.9% |
| Non-recurring financial charges | 66B | €15 | - | -€15 | |
| Profit (loss) for the period before taxes | 9903 | €256,387 | €258,714 | +€2,327 | +0.9% |
| Income taxes | 67/77 | €59,089 | €58,265 | -€824 | -1.4% |
| Profit (loss) for the period | 9904 | €197,298 | €200,449 | +€3,151 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €197,298 | €200,449 | +€3,151 | +1.6% |
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 19 October 2026 via checked.be.