BRUNO LEROY: what changed
BRUNO LEROY
Largest movements
- Current investments +€210,323
up €210,323 (+437%), from €48,111 to €258,435
- Cash -€80,477
down €80,477 (-72.4%), from €111,089 to €30,611
mainly Current investments (-€210,323) and Contributions, distributions and other (-€21,000)
- Financial fixed assets -€55,980
down €55,980 (-21.4%), from €261,156 to €205,176
- Tangible fixed assets -€22,471
down €22,471 (-11.8%), from €191,000 to €168,529
of which Furniture and vehicles: -€14,901
- Reserves +€77,000
up €77,000 (+14.5%), from €531,000 to €608,000
- Other debts -€15,766
down €15,766 (-31.5%), from €50,000 to €34,234
- Depreciation +€27,580
up €27,580 (+118%), from €23,280 to €50,859
- Staff costs +€26,248
new in 2025: €26,248
- Taxes -€22,467
down €22,467 (-32.0%), from €70,299 to €47,832
- Gross operating margin -€20,899
down €20,899 (-8.6%), from €243,099 to €222,200
- Other operating charges -€5,139
down €5,139 (-31.7%), from €16,226 to €11,087
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 | €878,708 | €936,536 | +€57,829 | +6.6% |
| Fixed assets | 21/28 | €452,157 | €373,705 | -€78,451 | -17.4% |
| Tangible fixed assets | 22/27 | €191,000 | €168,529 | -€22,471 | -11.8% |
| Plant, machinery and equipment | 23 | €1,398 | - | -€1,398 | |
| Furniture and vehicles | 24 | €86,562 | €71,661 | -€14,901 | -17.2% |
| Other tangible fixed assets | 26 | €103,040 | €96,868 | -€6,172 | -6.0% |
| Financial fixed assets | 28 | €261,156 | €205,176 | -€55,980 | -21.4% |
| Current assets | 29/58 | €426,551 | €562,831 | +€136,280 | +31.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,862 | €52,122 | +€2,260 | +4.5% |
| Trade receivables | 40 | - | €9,991 | +€9,991 | |
| Other amounts receivable | 41 | €49,862 | €42,131 | -€7,731 | -15.5% |
| Current investments | 50/53 | €48,111 | €258,435 | +€210,323 | +437% |
| Cash at bank and in hand | 54/58 | €111,089 | €30,611 | -€80,477 | -72.4% |
| Deferred charges and accrued income | 490/1 | €17,489 | €21,663 | +€4,174 | +23.9% |
| Total equity and liabilities | 10/49 | €878,708 | €936,536 | +€57,829 | +6.6% |
| Equity | 10/15 | €806,514 | €883,918 | +€77,404 | +9.6% |
| Reserves | 13 | €531,000 | €608,000 | +€77,000 | +14.5% |
| Distributable reserves | 133 | €531,000 | €608,000 | +€77,000 | +14.5% |
| Profit (loss) carried forward | 14 | €275,514 | €275,918 | +€404 | +0.1% |
| Amounts payable | 17/49 | €72,194 | €52,618 | -€19,576 | -27.1% |
| Amounts payable within one year | 42/48 | €72,194 | €52,618 | -€19,576 | -27.1% |
| Trade debts | 44 | €11,171 | €12,545 | +€1,374 | +12.3% |
| Suppliers | 440/4 | €11,171 | €12,545 | +€1,374 | +12.3% |
| Taxes, remuneration and social security | 45 | €11,023 | €5,839 | -€5,184 | -47.0% |
| Taxes | 450/3 | €11,023 | €153 | -€10,870 | -98.6% |
| Remuneration and social security | 454/9 | - | €5,686 | +€5,686 | |
| Other amounts payable | 47/48 | €50,000 | €34,234 | -€15,766 | -31.5% |
| Remuneration, social security and pensions | 62 | - | €26,248 | +€26,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,280 | €50,859 | +€27,580 | +118% |
| Other operating charges | 640/8 | €16,226 | €11,087 | -€5,139 | -31.7% |
| Gross operating margin | 9900 | €243,099 | €222,200 | -€20,899 | -8.6% |
| Operating profit (loss) | 9901 | €203,593 | €134,006 | -€69,588 | -34.2% |
| Financial income | 75/76B | €17,661 | €12,716 | -€4,945 | -28.0% |
| Recurring financial income | 75 | €17,661 | €12,716 | -€4,945 | -28.0% |
| Financial charges | 65/66B | €542 | €485 | -€57 | -10.5% |
| Recurring financial charges | 65 | €542 | €485 | -€57 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €220,712 | €146,236 | -€74,476 | -33.7% |
| Income taxes | 67/77 | €70,299 | €47,832 | -€22,467 | -32.0% |
| Profit (loss) for the period | 9904 | €150,413 | €98,404 | -€52,009 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €150,413 | €98,404 | -€52,009 | -34.6% |
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.