BRUNO SIMONS: 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.
BRUNO SIMONS
Largest movements
- Cash -€6,023
down €6,023 (-10.3%), from €58,696 to €52,673
mainly Contributions, distributions and other (-€15,500) and Trade debts (-€3,456)
- Tangible fixed assets -€3,625
down €3,625 (-6.4%), from €56,533 to €52,908
- Receivables within one year -€2,114
down €2,114 (-2.8%), from €74,237 to €72,123
of which Trade receivables: -€6,777
- Reserves -€15,500
down €15,500 (-17.5%), from €88,600 to €73,100
of which Distributable reserves: -€15,500
- Profit (loss) carried forward +€5,674
up €5,674 (+10.8%), from €52,478 to €58,152
- Tax, wage and social debts +€4,268
up €4,268 (+330.7%), from €1,291 to €5,558
of which Remuneration and social security: +€4,240
- Trade debts -€3,456
down €3,456 (-34.3%), from €10,075 to €6,619
- Other debts -€3,353
down €3,353 (-16.4%), from €20,463 to €17,109
- Staff costs +€6,609
up €6,609 (+14.0%), from €47,162 to €53,771
- Depreciation -€5,631
down €5,631 (-60.8%), from €9,255 to €3,625
- Other operating charges +€847
up €847 (+62.7%), from €1,352 to €2,199
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 | €192,179 | €179,089 | -€13,090 | -6.8% |
| Fixed assets | 21/28 | €56,668 | €53,043 | -€3,625 | -6.4% |
| Tangible fixed assets | 22/27 | €56,533 | €52,908 | -€3,625 | -6.4% |
| Land and buildings | 22 | €38,500 | €38,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,555 | €5,023 | -€1,532 | -23.4% |
| Furniture and vehicles | 24 | €5,446 | €4,108 | -€1,338 | -24.6% |
| Other tangible fixed assets | 26 | €6,031 | €5,277 | -€754 | -12.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €135,511 | €126,045 | -€9,466 | -7.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €74,237 | €72,123 | -€2,114 | -2.8% |
| Trade receivables | 40 | €65,704 | €58,927 | -€6,777 | -10.3% |
| Other amounts receivable | 41 | €8,533 | €13,196 | +€4,663 | +54.6% |
| Current investments | 50/53 | €634 | €634 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,696 | €52,673 | -€6,023 | -10.3% |
| Deferred charges and accrued income | 490/1 | €1,944 | €616 | -€1,328 | -68.3% |
| Total equity and liabilities | 10/49 | €192,179 | €179,089 | -€13,090 | -6.8% |
| Equity | 10/15 | €159,628 | €149,802 | -€9,826 | -6.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €88,600 | €73,100 | -€15,500 | -17.5% |
| Tax-exempt reserves | 132 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €85,500 | €70,000 | -€15,500 | -18.1% |
| Profit (loss) carried forward | 14 | €52,478 | €58,152 | +€5,674 | +10.8% |
| Amounts payable | 17/49 | €32,551 | €29,286 | -€3,264 | -10.0% |
| Amounts payable within one year | 42/48 | €31,828 | €29,286 | -€2,542 | -8.0% |
| Trade debts | 44 | €10,075 | €6,619 | -€3,456 | -34.3% |
| Suppliers | 440/4 | €10,075 | €6,619 | -€3,456 | -34.3% |
| Taxes, remuneration and social security | 45 | €1,291 | €5,558 | +€4,268 | +330.7% |
| Taxes | 450/3 | €538 | €565 | +€27 | +5.0% |
| Remuneration and social security | 454/9 | €753 | €4,993 | +€4,240 | +563.3% |
| Other amounts payable | 47/48 | €20,463 | €17,109 | -€3,353 | -16.4% |
| Accrued charges and deferred income | 492/3 | €722 | €0 | -€722 | -100.0% |
| Remuneration, social security and pensions | 62 | €47,162 | €53,771 | +€6,609 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,255 | €3,625 | -€5,631 | -60.8% |
| Other operating charges | 640/8 | €1,352 | €2,199 | +€847 | +62.7% |
| Gross operating margin | 9900 | €68,421 | €68,582 | +€161 | +0.2% |
| Operating profit (loss) | 9901 | €10,652 | €8,987 | -€1,665 | -15.6% |
| Financial income | 75/76B | €2 | €14 | +€12 | +615.5% |
| Recurring financial income | 75 | €2 | €14 | +€12 | +615.5% |
| Financial charges | 65/66B | €658 | €583 | -€75 | -11.3% |
| Recurring financial charges | 65 | €658 | €583 | -€75 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €9,996 | €8,418 | -€1,578 | -15.8% |
| Income taxes | 67/77 | €3,428 | €2,744 | -€684 | -20.0% |
| Profit (loss) for the period | 9904 | €6,568 | €5,674 | -€894 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,568 | €5,674 | -€894 | -13.6% |
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.