BRUNO STROOBANTS: 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 STROOBANTS
Largest movements
- Receivables within one year +€93,276
up €93,276 (+49.9%), from €186,995 to €280,270
of which Other amounts receivable: +€86,276
- Cash +€76,900
up €76,900 (+33.0%), from €233,221 to €310,121
mainly Net result for the year (+€207,842) and Accrued charges and deferred income (+€13,832)
- Reserves +€170,000
up €170,000 (+64.1%), from €265,407 to €435,407
of which Distributable reserves: +€170,000
- Accrued charges and deferred income +€13,832
new in 2025: €13,832
- Debts after one year -€13,299
down €13,299 (-42.0%), from €31,656 to €18,357
- Other debts -€8,000
down €8,000 (-21.1%), from €38,000 to €30,000
- Profit (loss) carried forward +€7,842
up €7,842 (+3.9%), from €200,188 to €208,030
- Gross operating margin +€106,985
up €106,985 (+90.6%), from €118,136 to €225,121
- Taxes -€41,863
down €41,863 (-67.7%), from €61,804 to €19,942
- Financial income +€10,208
up €10,208 (+436.1%), from €2,341 to €12,548
- Depreciation -€7,685
down €7,685 (-56.8%), from €13,541 to €5,856
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 | €580,764 | €745,083 | +€164,319 | +28.3% |
| Fixed assets | 21/28 | €160,548 | €154,692 | -€5,856 | -3.6% |
| Tangible fixed assets | 22/27 | €160,548 | €154,692 | -€5,856 | -3.6% |
| Land and buildings | 22 | €153,520 | €148,991 | -€4,529 | -2.9% |
| Plant, machinery and equipment | 23 | €2,814 | €1,604 | -€1,210 | -43.0% |
| Furniture and vehicles | 24 | €4,215 | €4,097 | -€118 | -2.8% |
| Current assets | 29/58 | €420,216 | €590,391 | +€170,175 | +40.5% |
| Amounts receivable within one year | 40/41 | €186,995 | €280,270 | +€93,276 | +49.9% |
| Trade receivables | 40 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 41 | €186,995 | €273,270 | +€86,276 | +46.1% |
| Cash at bank and in hand | 54/58 | €233,221 | €310,121 | +€76,900 | +33.0% |
| Total equity and liabilities | 10/49 | €580,764 | €745,083 | +€164,319 | +28.3% |
| Equity | 10/15 | €484,187 | €662,028 | +€177,842 | +36.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €265,407 | €435,407 | +€170,000 | +64.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,548 | €73,548 | = | 0.0% |
| Distributable reserves | 133 | €190,000 | €360,000 | +€170,000 | +89.5% |
| Profit (loss) carried forward | 14 | €200,188 | €208,030 | +€7,842 | +3.9% |
| Provisions and deferred taxes | 16 | €2,500 | €2,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,500 | €2,500 | = | 0.0% |
| Pensions and similar obligations | 160 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €94,078 | €80,555 | -€13,523 | -14.4% |
| Amounts payable after more than one year | 17 | €31,656 | €18,357 | -€13,299 | -42.0% |
| Financial debts | 170/4 | €31,656 | €18,357 | -€13,299 | -42.0% |
| Amounts payable within one year | 42/48 | €62,422 | €48,366 | -€14,056 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €15,081 | €15,467 | +€386 | +2.6% |
| Credit institutions | 430/8 | €15,081 | €15,467 | +€386 | +2.6% |
| Trade debts | 44 | €7,341 | €899 | -€6,442 | -87.7% |
| Suppliers | 440/4 | €7,341 | €899 | -€6,442 | -87.7% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,000 | = | 0.0% |
| Taxes | 450/3 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €38,000 | €30,000 | -€8,000 | -21.1% |
| Accrued charges and deferred income | 492/3 | - | €13,832 | +€13,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,541 | €5,856 | -€7,685 | -56.8% |
| Other operating charges | 640/8 | €1,516 | €1,984 | +€468 | +30.9% |
| Gross operating margin | 9900 | €118,136 | €225,121 | +€106,985 | +90.6% |
| Operating profit (loss) | 9901 | €103,079 | €217,280 | +€114,201 | +110.8% |
| Financial income | 75/76B | €2,341 | €12,548 | +€10,208 | +436.1% |
| Recurring financial income | 75 | €2,341 | €12,548 | +€10,208 | +436.1% |
| Financial charges | 65/66B | €3,819 | €2,045 | -€1,774 | -46.4% |
| Recurring financial charges | 65 | €3,819 | €2,045 | -€1,774 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €101,601 | €227,783 | +€126,183 | +124.2% |
| Income taxes | 67/77 | €61,804 | €19,942 | -€41,863 | -67.7% |
| Profit (loss) for the period | 9904 | €39,796 | €207,842 | +€168,045 | +422.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,796 | €207,842 | +€168,045 | +422.3% |
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 5 October 2026 via checked.be.