Bruno Deprez: 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.
Bruno Deprez
Largest movements
- Tangible fixed assets -€25,028
down €25,028 (-1.4%), from €1.8m to €1.8m
of which Furniture and vehicles: -€19,640
- Cash +€19,748
up €19,748 (+22.9%), from €86,354 to €106,102
mainly Net result for the year (+€312,122) and Depreciation (+€29,062)
- Profit (loss) carried forward +€312,122
up €312,122 (+57.3%), from €544,251 to €856,373
- Other debts -€265,957
down €265,957 (-25.0%), from €1.1m to €799,762
- Reserves -€30,000
down €30,000 (-16.5%), from €181,860 to €151,860
- Debts after one year -€23,000
down €23,000 (-44.4%), from €51,750 to €28,750
- Gross operating margin +€90,964
up €90,964 (+23.9%), from €381,359 to €472,323
- Taxes +€21,710
up €21,710 (+27.5%), from €79,019 to €100,729
- Financial charges -€8,184
down €8,184 (-22.2%), from €36,878 to €28,694
- Depreciation +€6,254
up €6,254 (+27.4%), from €22,807 to €29,062
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 | €1,908,506 | €1,902,956 | -€5,551 | -0.3% |
| Fixed assets | 21/28 | €1,800,690 | €1,775,662 | -€25,028 | -1.4% |
| Tangible fixed assets | 22/27 | €1,800,690 | €1,775,662 | -€25,028 | -1.4% |
| Land and buildings | 22 | €1,608,629 | €1,603,803 | -€4,826 | -0.3% |
| Plant, machinery and equipment | 23 | €1,248 | €686 | -€562 | -45.0% |
| Furniture and vehicles | 24 | €170,312 | €150,672 | -€19,640 | -11.5% |
| Other tangible fixed assets | 26 | €20,500 | €20,500 | = | 0.0% |
| Current assets | 29/58 | €107,817 | €127,294 | +€19,477 | +18.1% |
| Amounts receivable within one year | 40/41 | €19,553 | €19,496 | -€57 | -0.3% |
| Trade receivables | 40 | €18,915 | €19,282 | +€367 | +1.9% |
| Other amounts receivable | 41 | €638 | €214 | -€424 | -66.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €86,354 | €106,102 | +€19,748 | +22.9% |
| Deferred charges and accrued income | 490/1 | €1,910 | €1,695 | -€214 | -11.2% |
| Total equity and liabilities | 10/49 | €1,908,506 | €1,902,956 | -€5,551 | -0.3% |
| Equity | 10/15 | €744,711 | €1,026,833 | +€282,122 | +37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,860 | €151,860 | -€30,000 | -16.5% |
| Distributable reserves | 133 | €181,860 | €151,860 | -€30,000 | -16.5% |
| Profit (loss) carried forward | 14 | €544,251 | €856,373 | +€312,122 | +57.3% |
| Amounts payable | 17/49 | €1,163,795 | €876,122 | -€287,673 | -24.7% |
| Amounts payable after more than one year | 17 | €51,750 | €28,750 | -€23,000 | -44.4% |
| Financial debts | 170/4 | €51,750 | €28,750 | -€23,000 | -44.4% |
| Amounts payable within one year | 42/48 | €1,111,942 | €847,373 | -€264,569 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €23,000 | €23,000 | = | 0.0% |
| Trade debts | 44 | €11,209 | €6,754 | -€4,456 | -39.8% |
| Suppliers | 440/4 | €11,209 | €6,754 | -€4,456 | -39.8% |
| Taxes, remuneration and social security | 45 | €12,014 | €17,858 | +€5,844 | +48.6% |
| Taxes | 450/3 | €9,299 | €15,114 | +€5,815 | +62.5% |
| Remuneration and social security | 454/9 | €2,714 | €2,744 | +€29 | +1.1% |
| Other amounts payable | 47/48 | €1,065,719 | €799,762 | -€265,957 | -25.0% |
| Accrued charges and deferred income | 492/3 | €104 | €0 | -€104 | -100% |
| Non-recurring operating income | 76A | €17,500 | €0 | -€17,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,807 | €29,062 | +€6,254 | +27.4% |
| Other operating charges | 640/8 | €1,309 | €1,719 | +€411 | +31.4% |
| Gross operating margin | 9900 | €381,359 | €472,323 | +€90,964 | +23.9% |
| Operating profit (loss) | 9901 | €357,243 | €441,542 | +€84,299 | +23.6% |
| Financial income | 75/76B | €1,274 | €3 | -€1,271 | -99.8% |
| Recurring financial income | 75 | €1,274 | €3 | -€1,271 | -99.8% |
| Financial charges | 65/66B | €36,878 | €28,694 | -€8,184 | -22.2% |
| Recurring financial charges | 65 | €36,878 | €28,694 | -€8,184 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €321,640 | €412,851 | +€91,212 | +28.4% |
| Income taxes | 67/77 | €79,019 | €100,729 | +€21,710 | +27.5% |
| Profit (loss) for the period | 9904 | €242,621 | €312,122 | +€69,501 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €242,621 | €312,122 | +€69,501 | +28.6% |
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 14 October 2026 via checked.be.