BRUGGENEIND: 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.
BRUGGENEIND
Largest movements
- Tangible fixed assets +€938,565
up €938,565 (+22.9%), from €4.1m to €5.0m
of which Land and buildings: +€873,604
- Cash -€804,362
down €804,362 (-97.3%), from €826,554 to €22,193
mainly Investment in fixed assets (net) (-€880,874) and Other debts (-€327,976)
- Financial fixed assets -€139,169
down €139,169 (-2.8%), from €5.1m to €4.9m
- Receivables within one year +€129,891
up €129,891 (+336%), from €38,710 to €168,601
of which Trade receivables: +€136,424
- Profit (loss) carried forward +€590,803
up €590,803 (+57.0%), from -€1.0m to -€445,876
- Other debts -€327,976
down €327,976 (-8.9%), from €3.7m to €3.4m
- Debts after one year +€291,712
up €291,712 (+9.6%), from €3.1m to €3.3m
- Accrued charges and deferred income -€254,590
down €254,590 (-33.0%), from €770,706 to €516,116
- Short-term financial debts -€124,712
down €124,712 (-96.3%), from €129,553 to €4,841
- Financial income +€451,098
up €451,098 (+151%), from €299,553 to €750,651
- Gross operating margin -€197,265
down €197,265 (-75.0%), from €263,164 to €65,899
- Financial charges -€45,751
down €45,751 (-23.9%), from €191,236 to €145,486
- Other operating charges +€21,871
up €21,871 (+584%), from €3,745 to €25,616
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 | €10,044,745 | €10,160,574 | +€115,830 | +1.2% |
| Fixed assets | 21/28 | €9,169,160 | €9,964,601 | +€795,441 | +8.7% |
| Intangible fixed assets | 21 | €15,983 | €12,028 | -€3,955 | -24.7% |
| Tangible fixed assets | 22/27 | €4,096,914 | €5,035,479 | +€938,565 | +22.9% |
| Land and buildings | 22 | €4,044,518 | €4,918,122 | +€873,604 | +21.6% |
| Plant, machinery and equipment | 23 | €21,608 | €18,134 | -€3,474 | -16.1% |
| Furniture and vehicles | 24 | €12,956 | €25,374 | +€12,418 | +95.8% |
| Other tangible fixed assets | 26 | €17,831 | €73,849 | +€56,018 | +314% |
| Financial fixed assets | 28 | €5,056,263 | €4,917,094 | -€139,169 | -2.8% |
| Current assets | 29/58 | €875,585 | €195,973 | -€679,612 | -77.6% |
| Amounts receivable within one year | 40/41 | €38,710 | €168,601 | +€129,891 | +336% |
| Trade receivables | 40 | €31,257 | €167,680 | +€136,424 | +436% |
| Other amounts receivable | 41 | €7,453 | €921 | -€6,533 | -87.6% |
| Current investments | 50/53 | €0 | €0 | -€0 | -44.1% |
| Cash at bank and in hand | 54/58 | €826,554 | €22,193 | -€804,362 | -97.3% |
| Deferred charges and accrued income | 490/1 | €10,320 | €5,179 | -€5,140 | -49.8% |
| Total equity and liabilities | 10/49 | €10,044,745 | €10,160,574 | +€115,830 | +1.2% |
| Equity | 10/15 | €1,967,808 | €2,534,894 | +€567,086 | +28.8% |
| Contributions | 10/11 | €2,186,600 | €2,186,600 | = | 0.0% |
| Capital | 10 | €2,186,600 | €2,186,600 | = | 0.0% |
| Issued capital | 100 | €2,186,600 | €2,186,600 | = | 0.0% |
| Reserves | 13 | €817,887 | €794,170 | -€23,717 | -2.9% |
| Non-distributable reserves | 130/1 | €99,706 | €99,706 | = | 0.0% |
| Legal reserve | 130 | €99,706 | €99,706 | = | 0.0% |
| Tax-exempt reserves | 132 | €668,602 | €644,885 | -€23,717 | -3.5% |
| Distributable reserves | 133 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,036,678 | -€445,876 | +€590,803 | +57.0% |
| Provisions and deferred taxes | 16 | €222,867 | €214,962 | -€7,906 | -3.5% |
| Deferred taxes | 168 | €222,867 | €214,962 | -€7,906 | -3.5% |
| Amounts payable | 17/49 | €7,854,070 | €7,410,719 | -€443,351 | -5.6% |
| Amounts payable after more than one year | 17 | €3,050,000 | €3,341,712 | +€291,712 | +9.6% |
| Financial debts | 170/4 | €3,050,000 | €3,341,712 | +€291,712 | +9.6% |
| Amounts payable within one year | 42/48 | €4,033,364 | €3,552,890 | -€480,473 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €110,000 | €151,967 | +€41,967 | +38.2% |
| Financial debts | 43 | €129,553 | €4,841 | -€124,712 | -96.3% |
| Credit institutions | 430/8 | €129,553 | €4,841 | -€124,712 | -96.3% |
| Trade debts | 44 | €83,053 | €14,396 | -€68,657 | -82.7% |
| Suppliers | 440/4 | €83,053 | €14,396 | -€68,657 | -82.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €27,816 | €26,722 | -€1,095 | -3.9% |
| Taxes | 450/3 | €27,816 | €26,722 | -€1,095 | -3.9% |
| Other amounts payable | 47/48 | €3,682,942 | €3,354,966 | -€327,976 | -8.9% |
| Accrued charges and deferred income | 492/3 | €770,706 | €516,116 | -€254,590 | -33.0% |
| Non-recurring operating income | 76A | €100,349 | €0 | -€100,349 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,039 | €85,433 | +€2,394 | +2.9% |
| Other operating charges | 640/8 | €3,745 | €25,616 | +€21,871 | +584% |
| Non-recurring operating charges | 66A | €172,222 | €0 | -€172,222 | -100% |
| Gross operating margin | 9900 | €263,164 | €65,899 | -€197,265 | -75.0% |
| Operating profit (loss) | 9901 | €4,158 | -€45,150 | -€49,308 | |
| Financial income | 75/76B | €299,553 | €750,651 | +€451,098 | +151% |
| Recurring financial income | 75 | €299,553 | €750,651 | +€451,098 | +151% |
| Financial charges | 65/66B | €191,236 | €145,486 | -€45,751 | -23.9% |
| Recurring financial charges | 65 | €191,236 | €145,486 | -€45,751 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €112,474 | €560,015 | +€447,541 | +398% |
| Transfer from deferred taxes | 780 | €7,906 | €7,906 | = | 0.0% |
| Income taxes | 67/77 | €1,055 | €835 | -€220 | -20.9% |
| Profit (loss) for the period | 9904 | €119,325 | €567,086 | +€447,761 | +375% |
| Transfer from tax-exempt reserves | 789 | €23,717 | €23,717 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €143,042 | €590,803 | +€447,761 | +313% |
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 17 October 2026 via checked.be.