Bruneel Arne: what changed
Bruneel Arne
Largest movements
- Tangible fixed assets +€125,468
up €125,468 (+54.4%), from €230,443 to €355,911
of which Furniture and vehicles: +€156,453
- Cash -€30,575
down €30,575 (-49.9%), from €61,312 to €30,737
mainly Investment in fixed assets (net) (-€216,784) and Trade debts (-€33,207)
- Receivables within one year -€17,928
down €17,928 (-19.9%), from €89,900 to €71,972
of which Other amounts receivable: -€29,279
- Deferred charges and accrued income +€4,854
up €4,854 (+196%), from €2,476 to €7,329
- Debts after one year +€123,103
up €123,103 (+117%), from €105,034 to €228,137
- Trade debts -€33,207
down €33,207 (-52.8%), from €62,834 to €29,627
- Current portion of long-term debt +€18,984
up €18,984 (+47.5%), from €39,950 to €58,934
- Accrued charges and deferred income -€10,898
down €10,898 (-92.2%), from €11,826 to €928
- Profit (loss) carried forward -€10,797
down €10,797 (-16.0%), from €67,418 to €56,621
- Depreciation +€48,306
up €48,306 (+112%), from €43,260 to €91,566
- Staff costs +€45,404
up €45,404 (+706%), from €6,434 to €51,838
- Taxes -€18,721
down €18,721 (-100%), from €18,721 to €0
- Financial charges +€5,729
up €5,729 (+87.0%), from €6,584 to €12,313
- Gross operating margin +€1,536
up €1,536 (+1.1%), from €144,707 to €146,243
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €391,701 | €475,384 | +€83,683 | +21.4% |
| Fixed assets | 21/28 | €232,734 | €357,952 | +€125,218 | +53.8% |
| Intangible fixed assets | 21 | €2,291 | €2,041 | -€250 | -10.9% |
| Tangible fixed assets | 22/27 | €230,443 | €355,911 | +€125,468 | +54.4% |
| Plant, machinery and equipment | 23 | €144,366 | €113,693 | -€30,672 | -21.2% |
| Furniture and vehicles | 24 | €83,152 | €239,605 | +€156,453 | +188% |
| Other tangible fixed assets | 26 | €2,925 | €2,613 | -€312 | -10.7% |
| Current assets | 29/58 | €158,968 | €117,432 | -€41,536 | -26.1% |
| Stocks and contracts in progress | 3 | €5,280 | €7,394 | +€2,114 | +40.0% |
| Stocks | 30/36 | €5,280 | €7,394 | +€2,114 | +40.0% |
| Amounts receivable within one year | 40/41 | €89,900 | €71,972 | -€17,928 | -19.9% |
| Trade receivables | 40 | €57,332 | €68,682 | +€11,351 | +19.8% |
| Other amounts receivable | 41 | €32,568 | €3,290 | -€29,279 | -89.9% |
| Cash at bank and in hand | 54/58 | €61,312 | €30,737 | -€30,575 | -49.9% |
| Deferred charges and accrued income | 490/1 | €2,476 | €7,329 | +€4,854 | +196% |
| Total equity and liabilities | 10/49 | €391,701 | €475,384 | +€83,683 | +21.4% |
| Equity | 10/15 | €72,218 | €61,421 | -€10,797 | -15.0% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,418 | €56,621 | -€10,797 | -16.0% |
| Amounts payable | 17/49 | €319,483 | €413,963 | +€94,480 | +29.6% |
| Amounts payable after more than one year | 17 | €105,034 | €228,137 | +€123,103 | +117% |
| Financial debts | 170/4 | €105,034 | €228,137 | +€123,103 | +117% |
| Amounts payable within one year | 42/48 | €202,623 | €184,898 | -€17,725 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €39,950 | €58,934 | +€18,984 | +47.5% |
| Trade debts | 44 | €62,834 | €29,627 | -€33,207 | -52.8% |
| Suppliers | 440/4 | €62,834 | €29,627 | -€33,207 | -52.8% |
| Taxes, remuneration and social security | 45 | €19,014 | €16,247 | -€2,768 | -14.6% |
| Taxes | 450/3 | €18,858 | €14,597 | -€4,261 | -22.6% |
| Remuneration and social security | 454/9 | €157 | €1,649 | +€1,493 | +952% |
| Other amounts payable | 47/48 | €80,825 | €80,091 | -€734 | -0.9% |
| Accrued charges and deferred income | 492/3 | €11,826 | €928 | -€10,898 | -92.2% |
| Remuneration, social security and pensions | 62 | €6,434 | €51,838 | +€45,404 | +706% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,260 | €91,566 | +€48,306 | +112% |
| Other operating charges | 640/8 | €753 | €1,407 | +€653 | +86.7% |
| Non-recurring operating charges | 66A | €1,652 | €0 | -€1,652 | -100% |
| Gross operating margin | 9900 | €144,707 | €146,243 | +€1,536 | +1.1% |
| Operating profit (loss) | 9901 | €92,608 | €1,432 | -€91,175 | -98.5% |
| Financial income | 75/76B | €116 | €84 | -€33 | -28.0% |
| Recurring financial income | 75 | €116 | €84 | -€33 | -28.0% |
| Financial charges | 65/66B | €6,584 | €12,313 | +€5,729 | +87.0% |
| Recurring financial charges | 65 | €6,584 | €12,313 | +€5,729 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | €86,140 | -€10,797 | -€96,937 | |
| Income taxes | 67/77 | €18,721 | €0 | -€18,721 | -100% |
| Profit (loss) for the period | 9904 | €67,418 | -€10,797 | -€78,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,418 | -€10,797 | -€78,216 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.