Bruinvis: 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.
Bruinvis
Largest movements
- Tangible fixed assets +€100,432
up €100,432 (+212.6%), from €47,244 to €147,676
of which Other tangible fixed assets: +€86,693
- Cash -€10,581
down €10,581 (-71.3%), from €14,849 to €4,269
mainly Investment in fixed assets (net) (-€110,535) and Net result for the year (-€68,853)
- Receivables within one year +€4,739
up €4,739 (+32.8%), from €14,463 to €19,203
of which Trade receivables: +€5,556
- Trade debts +€115,357
up €115,357 (+296.3%), from €38,930 to €154,287
- Profit (loss) carried forward -€68,853
down €68,853 (-176.5%), from -€39,004 to -€107,857
- Other debts +€52,557
up €52,557 (+222.2%), from €23,657 to €76,214
- Debts after one year -€8,408
down €8,408 (-56.3%), from €14,925 to €6,517
- Staff costs +€43,321
up €43,321 (+138.5%), from €31,275 to €74,596
- Gross operating margin +€20,286
up €20,286, from -€1,151 to €19,135
- Depreciation +€8,151
up €8,151 (+742.8%), from €1,097 to €9,249
- Other operating charges -€2,021
down €2,021 (-43.3%), from €4,672 to €2,651
- Financial charges +€1,045
up €1,045 (+233.2%), from €448 to €1,493
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 | €79,766 | €173,688 | +€93,922 | +117.7% |
| Fixed assets | 21/28 | €47,841 | €149,128 | +€101,287 | +211.7% |
| Tangible fixed assets | 22/27 | €47,244 | €147,676 | +€100,432 | +212.6% |
| Plant, machinery and equipment | 23 | €5,116 | €15,825 | +€10,709 | +209.3% |
| Furniture and vehicles | 24 | - | €3,030 | +€3,030 | |
| Other tangible fixed assets | 26 | €42,128 | €128,821 | +€86,693 | +205.8% |
| Financial fixed assets | 28 | €597 | €1,452 | +€855 | +143.1% |
| Current assets | 29/58 | €31,925 | €24,560 | -€7,365 | -23.1% |
| Amounts receivable within one year | 40/41 | €14,463 | €19,203 | +€4,739 | +32.8% |
| Trade receivables | 40 | €3,528 | €9,084 | +€5,556 | +157.5% |
| Other amounts receivable | 41 | €10,935 | €10,118 | -€817 | -7.5% |
| Cash at bank and in hand | 54/58 | €14,849 | €4,269 | -€10,581 | -71.3% |
| Deferred charges and accrued income | 490/1 | €2,612 | €1,089 | -€1,524 | -58.3% |
| Total equity and liabilities | 10/49 | €79,766 | €173,688 | +€93,922 | +117.7% |
| Equity | 10/15 | -€5,844 | -€74,697 | -€68,853 | -1178.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €18,160 | €18,160 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,600 | €4,600 | = | 0.0% |
| Distributable reserves | 133 | €13,560 | €13,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,004 | -€107,857 | -€68,853 | -176.5% |
| Amounts payable | 17/49 | €85,610 | €248,385 | +€162,775 | +190.1% |
| Amounts payable after more than one year | 17 | €14,925 | €6,517 | -€8,408 | -56.3% |
| Financial debts | 170/4 | €14,925 | €6,517 | -€8,408 | -56.3% |
| Amounts payable within one year | 42/48 | €70,685 | €240,439 | +€169,754 | +240.2% |
| Current portion of amounts payable after more than one year | 42 | €8,097 | €8,408 | +€311 | +3.8% |
| Trade debts | 44 | €38,930 | €154,287 | +€115,357 | +296.3% |
| Suppliers | 440/4 | €38,930 | €154,287 | +€115,357 | +296.3% |
| Taxes, remuneration and social security | 45 | - | €1,530 | +€1,530 | |
| Taxes | 450/3 | - | €6 | +€6 | |
| Remuneration and social security | 454/9 | - | €1,524 | +€1,524 | |
| Other amounts payable | 47/48 | €23,657 | €76,214 | +€52,557 | +222.2% |
| Accrued charges and deferred income | 492/3 | - | €1,429 | +€1,429 | |
| Remuneration, social security and pensions | 62 | €31,275 | €74,596 | +€43,321 | +138.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,097 | €9,249 | +€8,151 | +742.8% |
| Other operating charges | 640/8 | €4,672 | €2,651 | -€2,021 | -43.3% |
| Gross operating margin | 9900 | -€1,151 | €19,135 | +€20,286 | |
| Operating profit (loss) | 9901 | -€38,195 | -€67,360 | -€29,165 | -76.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €448 | €1,493 | +€1,045 | +233.2% |
| Recurring financial charges | 65 | €448 | €1,493 | +€1,045 | +233.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,643 | -€68,853 | -€30,210 | -78.2% |
| Profit (loss) for the period | 9904 | -€38,643 | -€68,853 | -€30,210 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,643 | -€68,853 | -€30,210 | -78.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.