BRUGHMANS - VAN BEECK: 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.
BRUGHMANS - VAN BEECK
Largest movements
- Stocks and contracts +€196,767
up €196,767, from €0 to €196,767
of which Stocks: +€196,767
- Current investments -€25,819
down €25,819 (-49.7%), from €51,939 to €26,120
- Receivables within one year -€17,196
down €17,196 (-60.2%), from €28,560 to €11,364
of which Other amounts receivable: -€13,833
- Tangible fixed assets -€16,964
down €16,964 (-22.1%), from €76,726 to €59,762
of which Furniture and vehicles: -€10,587
- Cash +€9,193
up €9,193 (+78.5%), from €11,703 to €20,896
mainly Short-term financial debts (+€128,611) and Current investments (+€25,819)
- Short-term financial debts +€128,611
new in 2025: €128,611
- Reserves +€23,054
up €23,054 (+32.5%), from €70,960 to €94,014
- Other debts +€21,195
up €21,195 (+1,913%), from €1,108 to €22,303
- Tax, wage and social debts -€20,878
down €20,878 (-93.3%), from €22,387 to €1,508
of which Taxes: -€15,528
- Debts after one year -€17,922
down €17,922 (-36.6%), from €48,973 to €31,051
- Other operating charges +€23,240
up €23,240 (+1,261%), from €1,843 to €25,083
- Gross operating margin +€15,012
up €15,012 (+20.8%), from €72,124 to €87,137
- Depreciation -€10,074
down €10,074 (-32.4%), from €31,053 to €20,979
- Financial charges +€2,807
up €2,807 (+123%), from €2,291 to €5,098
- Taxes +€975
up €975 (+8.6%), from €11,391 to €12,366
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 | €172,202 | €318,296 | +€146,094 | +84.8% |
| Fixed assets | 21/28 | €76,726 | €59,762 | -€16,964 | -22.1% |
| Tangible fixed assets | 22/27 | €76,726 | €59,762 | -€16,964 | -22.1% |
| Land and buildings | 22 | €1,498 | €1,124 | -€375 | -25.0% |
| Plant, machinery and equipment | 23 | €34,734 | €28,731 | -€6,002 | -17.3% |
| Furniture and vehicles | 24 | €40,494 | €29,907 | -€10,587 | -26.1% |
| Current assets | 29/58 | €95,476 | €258,534 | +€163,058 | +171% |
| Stocks and contracts in progress | 3 | €0 | €196,767 | +€196,767 | |
| Stocks | 30/36 | - | €196,767 | +€196,767 | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €28,560 | €11,364 | -€17,196 | -60.2% |
| Trade receivables | 40 | €9,715 | €6,352 | -€3,363 | -34.6% |
| Other amounts receivable | 41 | €18,845 | €5,012 | -€13,833 | -73.4% |
| Current investments | 50/53 | €51,939 | €26,120 | -€25,819 | -49.7% |
| Cash at bank and in hand | 54/58 | €11,703 | €20,896 | +€9,193 | +78.5% |
| Deferred charges and accrued income | 490/1 | €3,273 | €3,387 | +€114 | +3.5% |
| Total equity and liabilities | 10/49 | €172,202 | €318,296 | +€146,094 | +84.8% |
| Equity | 10/15 | €71,460 | €94,514 | +€23,054 | +32.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €70,960 | €94,014 | +€23,054 | +32.5% |
| Distributable reserves | 133 | €70,960 | €94,014 | +€23,054 | +32.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €100,742 | €223,782 | +€123,040 | +122% |
| Amounts payable after more than one year | 17 | €48,973 | €31,051 | -€17,922 | -36.6% |
| Financial debts | 170/4 | €48,973 | €31,051 | -€17,922 | -36.6% |
| Amounts payable within one year | 42/48 | €51,769 | €192,732 | +€140,963 | +272% |
| Current portion of amounts payable after more than one year | 42 | €19,306 | €17,922 | -€1,384 | -7.2% |
| Financial debts | 43 | - | €128,611 | +€128,611 | |
| Other loans | 439 | - | €128,611 | +€128,611 | |
| Trade debts | 44 | €8,969 | €22,387 | +€13,419 | +150% |
| Suppliers | 440/4 | €8,969 | €22,387 | +€13,419 | +150% |
| Taxes, remuneration and social security | 45 | €22,387 | €1,508 | -€20,878 | -93.3% |
| Taxes | 450/3 | €17,037 | €1,508 | -€15,528 | -91.1% |
| Remuneration and social security | 454/9 | €5,350 | €0 | -€5,350 | -100% |
| Other amounts payable | 47/48 | €1,108 | €22,303 | +€21,195 | +1,913% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,053 | €20,979 | -€10,074 | -32.4% |
| Other operating charges | 640/8 | €1,843 | €25,083 | +€23,240 | +1,261% |
| Gross operating margin | 9900 | €72,124 | €87,137 | +€15,012 | +20.8% |
| Operating profit (loss) | 9901 | €39,229 | €41,075 | +€1,846 | +4.7% |
| Financial income | 75/76B | €588 | €275 | -€313 | -53.2% |
| Recurring financial income | 75 | €588 | €275 | -€313 | -53.2% |
| Financial charges | 65/66B | €2,291 | €5,098 | +€2,807 | +123% |
| Recurring financial charges | 65 | €2,291 | €5,098 | +€2,807 | +123% |
| Profit (loss) for the period before taxes | 9903 | €37,526 | €36,252 | -€1,273 | -3.4% |
| Income taxes | 67/77 | €11,391 | €12,366 | +€975 | +8.6% |
| Profit (loss) for the period | 9904 | €26,135 | €23,887 | -€2,248 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,135 | €23,887 | -€2,248 | -8.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.