BRUGGEMAN ENGINEERING: 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.
BRUGGEMAN ENGINEERING
Largest movements
- Cash -€4,199
down €4,199 (-9.4%), from €44,634 to €40,435
mainly Investment in fixed assets (net) (-€11,479) and Debts after one year (-€10,255)
- Receivables within one year -€3,898
down €3,898 (-24.4%), from €15,968 to €12,070
of which Trade receivables: -€4,036
- Tangible fixed assets +€2,757
up €2,757 (+2.2%), from €124,267 to €127,024
of which Land and buildings: +€3,429
- Debts after one year -€10,255
down €10,255 (-28.1%), from €36,477 to €26,223
- Trade debts +€4,714
up €4,714 (+413%), from €1,141 to €5,855
- Reserves +€3,753
up €3,753 (+3.2%), from €117,079 to €120,832
of which Distributable reserves: +€5,289
- Tax, wage and social debts -€3,740
down €3,740 (-48.1%), from €7,779 to €4,039
of which Remuneration and social security: -€2,555
- Gross operating margin -€34,103
down €34,103 (-63.1%), from €54,065 to €19,962
- Staff costs -€30,978
down €30,978 (-99.5%), from €31,148 to €171
- Depreciation +€2,118
up €2,118 (+32.1%), from €6,605 to €8,722
- Taxes -€1,473
down €1,473 (-34.0%), from €4,327 to €2,855
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 | €198,166 | €192,678 | -€5,488 | -2.8% |
| Fixed assets | 21/28 | €124,267 | €127,024 | +€2,757 | +2.2% |
| Tangible fixed assets | 22/27 | €124,267 | €127,024 | +€2,757 | +2.2% |
| Land and buildings | 22 | €122,863 | €126,292 | +€3,429 | +2.8% |
| Plant, machinery and equipment | 23 | €1,404 | €732 | -€672 | -47.9% |
| Current assets | 29/58 | €73,899 | €65,654 | -€8,245 | -11.2% |
| Amounts receivable within one year | 40/41 | €15,968 | €12,070 | -€3,898 | -24.4% |
| Trade receivables | 40 | €15,408 | €11,372 | -€4,036 | -26.2% |
| Other amounts receivable | 41 | €559 | €698 | +€139 | +24.8% |
| Cash at bank and in hand | 54/58 | €44,634 | €40,435 | -€4,199 | -9.4% |
| Deferred charges and accrued income | 490/1 | €13,297 | €13,149 | -€149 | -1.1% |
| Total equity and liabilities | 10/49 | €198,166 | €192,678 | -€5,488 | -2.8% |
| Equity | 10/15 | €129,479 | €133,232 | +€3,753 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €117,079 | €120,832 | +€3,753 | +3.2% |
| Tax-exempt reserves | 132 | €23,512 | €21,976 | -€1,536 | -6.5% |
| Distributable reserves | 133 | €93,567 | €98,855 | +€5,289 | +5.7% |
| Provisions and deferred taxes | 16 | €7,837 | €7,325 | -€512 | -6.5% |
| Deferred taxes | 168 | €7,837 | €7,325 | -€512 | -6.5% |
| Amounts payable | 17/49 | €60,850 | €52,121 | -€8,729 | -14.3% |
| Amounts payable after more than one year | 17 | €36,477 | €26,223 | -€10,255 | -28.1% |
| Financial debts | 170/4 | €36,477 | €26,223 | -€10,255 | -28.1% |
| Amounts payable within one year | 42/48 | €24,373 | €25,898 | +€1,526 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €10,124 | €10,255 | +€131 | +1.3% |
| Trade debts | 44 | €1,141 | €5,855 | +€4,714 | +413% |
| Suppliers | 440/4 | €1,141 | €5,855 | +€4,714 | +413% |
| Taxes, remuneration and social security | 45 | €7,779 | €4,039 | -€3,740 | -48.1% |
| Taxes | 450/3 | €5,224 | €4,039 | -€1,185 | -22.7% |
| Remuneration and social security | 454/9 | €2,555 | - | -€2,555 | |
| Other amounts payable | 47/48 | €5,329 | €5,749 | +€421 | +7.9% |
| Remuneration, social security and pensions | 62 | €31,148 | €171 | -€30,978 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,605 | €8,722 | +€2,118 | +32.1% |
| Other operating charges | 640/8 | €2,456 | €2,790 | +€334 | +13.6% |
| Non-recurring operating charges | 66A | €73 | - | -€73 | |
| Gross operating margin | 9900 | €54,065 | €19,962 | -€34,103 | -63.1% |
| Operating profit (loss) | 9901 | €13,782 | €8,278 | -€5,504 | -39.9% |
| Financial income | 75/76B | €687 | €175 | -€512 | -74.5% |
| Recurring financial income | 75 | €687 | €175 | -€512 | -74.5% |
| Financial charges | 65/66B | €820 | €692 | -€128 | -15.6% |
| Recurring financial charges | 65 | €820 | €692 | -€128 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €13,649 | €7,761 | -€5,888 | -43.1% |
| Transfer from deferred taxes | 780 | €512 | €512 | = | 0.0% |
| Income taxes | 67/77 | €4,327 | €2,855 | -€1,473 | -34.0% |
| Profit (loss) for the period | 9904 | €9,834 | €5,419 | -€4,415 | -44.9% |
| Transfer from tax-exempt reserves | 789 | €1,536 | €1,536 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,370 | €6,955 | -€4,415 | -38.8% |
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 15 October 2026 via checked.be.