BRUYNEEL RUBEN: what changed
BRUYNEEL RUBEN
Largest movements
- Current investments +€75,000
new in 2026: €75,000
- Cash -€43,873
down €43,873 (-35.7%), from €122,864 to €78,991
mainly Current investments (-€75,000) and Contributions, distributions and other (-€14,582)
- Receivables within one year -€5,962
down €5,962 (-38.9%), from €15,312 to €9,350
of which Trade receivables: -€8,611
- Tangible fixed assets -€3,755
down €3,755 (-2.2%), from €166,903 to €163,148
- Other debts +€11,191
up €11,191 (+420%), from €2,663 to €13,853
- Trade debts +€9,006
up €9,006 (+105%), from €8,563 to €17,569
- Reserves +€7,280
up €7,280 (+5.9%), from €124,060 to €131,340
of which Distributable reserves: +€7,280
- Debts after one year -€6,250
down €6,250 (-17.6%), from €35,417 to €29,167
- Gross operating margin -€14,917
down €14,917 (-23.2%), from €64,361 to €49,445
- Taxes -€4,898
down €4,898 (-36.9%), from €13,279 to €8,381
- Other operating charges +€4,031
up €4,031 (+186%), from €2,161 to €6,192
- Financial charges -€1,427
down €1,427 (-63.0%), from €2,264 to €837
- Depreciation +€782
up €782 (+6.5%), from €11,974 to €12,755
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,319 | €332,730 | +€21,411 | +6.9% |
| Fixed assets | 21/28 | €166,903 | €163,148 | -€3,755 | -2.2% |
| Tangible fixed assets | 22/27 | €166,903 | €163,148 | -€3,755 | -2.2% |
| Land and buildings | 22 | €166,903 | €163,148 | -€3,755 | -2.2% |
| Current assets | 29/58 | €144,416 | €169,581 | +€25,166 | +17.4% |
| Amounts receivable within one year | 40/41 | €15,312 | €9,350 | -€5,962 | -38.9% |
| Trade receivables | 40 | €12,690 | €4,079 | -€8,611 | -67.9% |
| Other amounts receivable | 41 | €2,622 | €5,272 | +€2,650 | +101% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €122,864 | €78,991 | -€43,873 | -35.7% |
| Deferred charges and accrued income | 490/1 | €6,240 | €6,240 | = | 0.0% |
| Total equity and liabilities | 10/49 | €311,319 | €332,730 | +€21,411 | +6.9% |
| Equity | 10/15 | €251,777 | €259,057 | +€7,280 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €124,060 | €131,340 | +€7,280 | +5.9% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €122,820 | €130,100 | +€7,280 | +5.9% |
| Profit (loss) carried forward | 14 | €115,316 | €115,316 | = | 0.0% |
| Amounts payable | 17/49 | €59,543 | €73,673 | +€14,131 | +23.7% |
| Amounts payable after more than one year | 17 | €35,417 | €29,167 | -€6,250 | -17.6% |
| Financial debts | 170/4 | €35,417 | €29,167 | -€6,250 | -17.6% |
| Amounts payable within one year | 42/48 | €19,925 | €40,306 | +€20,381 | +102% |
| Current portion of amounts payable after more than one year | 42 | €6,250 | €6,250 | = | 0.0% |
| Trade debts | 44 | €8,563 | €17,569 | +€9,006 | +105% |
| Suppliers | 440/4 | €8,563 | €17,569 | +€9,006 | +105% |
| Taxes, remuneration and social security | 45 | €2,450 | €2,633 | +€184 | +7.5% |
| Taxes | 450/3 | €2,450 | €1,205 | -€1,245 | -50.8% |
| Remuneration and social security | 454/9 | - | €1,428 | +€1,428 | |
| Other amounts payable | 47/48 | €2,663 | €13,853 | +€11,191 | +420% |
| Accrued charges and deferred income | 492/3 | €4,200 | €4,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,974 | €12,755 | +€782 | +6.5% |
| Other operating charges | 640/8 | €2,161 | €6,192 | +€4,031 | +186% |
| Gross operating margin | 9900 | €64,361 | €49,445 | -€14,917 | -23.2% |
| Operating profit (loss) | 9901 | €50,226 | €30,497 | -€19,729 | -39.3% |
| Financial income | 75/76B | €778 | €582 | -€196 | -25.2% |
| Recurring financial income | 75 | €778 | €582 | -€196 | -25.2% |
| Financial charges | 65/66B | €2,264 | €837 | -€1,427 | -63.0% |
| Recurring financial charges | 65 | €2,264 | €837 | -€1,427 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €48,741 | €30,243 | -€18,498 | -38.0% |
| Income taxes | 67/77 | €13,279 | €8,381 | -€4,898 | -36.9% |
| Profit (loss) for the period | 9904 | €35,462 | €21,862 | -€13,600 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,462 | €21,862 | -€13,600 | -38.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.