BRUGGEMAN: what changed
Two fiscal 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.
BRUGGEMAN
Largest movements
- Tangible fixed assets -€18,403
down €18,403 (-63.2%), from €29,139 to €10,736
of which Furniture and vehicles: -€15,395
- Cash +€12,101
up €12,101 (+2174.7%), from €556 to €12,657
mainly Investment in fixed assets (net) (+€10,783) and Depreciation (+€7,619)
- Receivables within one year -€4,881
down €4,881 (-32.9%), from €14,844 to €9,963
of which Trade receivables: -€5,813
- Debts after one year -€6,681
down €6,681 (-100.0%), from €6,681 to €0
- Reserves +€5,965
up €5,965 (+133.6%), from €4,464 to €10,429
of which Distributable reserves: +€5,965
- Trade debts -€5,778
down €5,778 (-73.6%), from €7,849 to €2,072
- Gross operating margin +€62,550
up €62,550, from -€25,068 to €37,482
- Other operating charges -€6,982
down €6,982 (-79.2%), from €8,815 to €1,834
- Financial charges +€4,679
up €4,679 (+91.8%), from €5,096 to €9,775
- Depreciation -€3,962
down €3,962 (-34.2%), from €11,582 to €7,619
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.
Cash bridge derived
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 | €343,543 | €334,198 | -€9,346 | -2.7% |
| Fixed assets | 21/28 | €29,485 | €11,082 | -€18,403 | -62.4% |
| Tangible fixed assets | 22/27 | €29,139 | €10,736 | -€18,403 | -63.2% |
| Plant, machinery and equipment | 23 | €2,956 | €1,623 | -€1,333 | -45.1% |
| Furniture and vehicles | 24 | €23,505 | €8,111 | -€15,395 | -65.5% |
| Leasing and similar rights | 25 | €1,546 | €0 | -€1,546 | -100.0% |
| Other tangible fixed assets | 26 | €1,131 | €1,002 | -€129 | -11.4% |
| Financial fixed assets | 28 | €346 | €346 | = | 0.0% |
| Current assets | 29/58 | €314,058 | €323,115 | +€9,057 | +2.9% |
| Stocks and contracts in progress | 3 | €297,500 | €297,500 | = | 0.0% |
| Stocks | 30/36 | €297,500 | €297,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,844 | €9,963 | -€4,881 | -32.9% |
| Trade receivables | 40 | €14,844 | €9,030 | -€5,813 | -39.2% |
| Other amounts receivable | 41 | €0 | €933 | +€933 | |
| Cash at bank and in hand | 54/58 | €556 | €12,657 | +€12,101 | +2174.7% |
| Deferred charges and accrued income | 490/1 | €1,158 | €2,995 | +€1,837 | +158.7% |
| Total equity and liabilities | 10/49 | €343,543 | €334,198 | -€9,346 | -2.7% |
| Equity | 10/15 | €29,464 | €35,429 | +€5,965 | +20.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €4,464 | €10,429 | +€5,965 | +133.6% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,233 | €1,233 | = | 0.0% |
| Distributable reserves | 133 | €730 | €6,696 | +€5,965 | +816.8% |
| Amounts payable | 17/49 | €314,080 | €298,768 | -€15,311 | -4.9% |
| Amounts payable after more than one year | 17 | €6,681 | €0 | -€6,681 | -100.0% |
| Financial debts | 170/4 | €6,681 | €0 | -€6,681 | -100.0% |
| Amounts payable within one year | 42/48 | €307,398 | €298,768 | -€8,630 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €8,453 | €6,681 | -€1,771 | -21.0% |
| Financial debts | 43 | €187,000 | €187,000 | = | 0.0% |
| Credit institutions | 430/8 | €187,000 | €187,000 | = | 0.0% |
| Trade debts | 44 | €7,849 | €2,072 | -€5,778 | -73.6% |
| Suppliers | 440/4 | €7,849 | €2,072 | -€5,778 | -73.6% |
| Taxes, remuneration and social security | 45 | €10,984 | €9,319 | -€1,666 | -15.2% |
| Taxes | 450/3 | €10,984 | €9,319 | -€1,666 | -15.2% |
| Other amounts payable | 47/48 | €93,112 | €93,696 | +€585 | +0.6% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,582 | €7,619 | -€3,962 | -34.2% |
| Other operating charges | 640/8 | €8,815 | €1,834 | -€6,982 | -79.2% |
| Non-recurring operating charges | 66A | €0 | €12,058 | +€12,058 | |
| Gross operating margin | 9900 | -€25,068 | €37,482 | +€62,550 | |
| Operating profit (loss) | 9901 | -€45,465 | €15,971 | +€61,436 | |
| Financial income | 75/76B | €313 | €165 | -€148 | -47.4% |
| Recurring financial income | 75 | €313 | €165 | -€148 | -47.4% |
| Financial charges | 65/66B | €5,096 | €9,775 | +€4,679 | +91.8% |
| Recurring financial charges | 65 | €5,096 | €9,775 | +€4,679 | +91.8% |
| Profit (loss) for the period before taxes | 9903 | -€50,247 | €6,362 | +€56,609 | |
| Income taxes | 67/77 | €403 | €396 | -€7 | -1.7% |
| Profit (loss) for the period | 9904 | -€50,650 | €5,965 | +€56,616 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,650 | €5,965 | +€56,616 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.