BRUYNEEL THOMAS: 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.
BRUYNEEL THOMAS
Largest movements
- Receivables within one year -€14,879
down €14,879 (-99.4%), from €14,969 to €90
of which Other amounts receivable: -€12,107
- Tangible fixed assets -€2,165
no longer reported in 2025 (was €2,165)
- Cash +€656
new in 2025: €656
mainly Receivables within one year (+€14,879) and Investment in fixed assets (net) (+€2,165)
- Deferred charges and accrued income -€352
down €352 (-47.9%), from €734 to €383
- Trade debts -€5,301
down €5,301 (-92.5%), from €5,730 to €429
- Short-term financial debts -€4,986
no longer reported in 2025 (was €4,986)
- Profit (loss) carried forward -€4,053
down €4,053 (-4.9%), from -€82,243 to -€86,296
- Debts after one year -€2,400
no longer reported in 2025 (was €2,400)
- Gross operating margin -€1,405
down €1,405 (-1,357%), from -€104 to -€1,508
- Depreciation -€367
no longer reported in 2025 (was €367)
- Financial income -€347
down €347 (-47.6%), from €730 to €383
- Other operating charges -€158
down €158 (-52.9%), from €298 to €141
- Financial charges -€120
down €120 (-16.2%), from €742 to €621
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 | €17,869 | €1,129 | -€16,740 | -93.7% |
| Fixed assets | 21/28 | €2,165 | - | -€2,165 | |
| Tangible fixed assets | 22/27 | €2,165 | - | -€2,165 | |
| Furniture and vehicles | 24 | €2,165 | - | -€2,165 | |
| Current assets | 29/58 | €15,704 | €1,129 | -€14,575 | -92.8% |
| Amounts receivable within one year | 40/41 | €14,969 | €90 | -€14,879 | -99.4% |
| Trade receivables | 40 | €2,773 | - | -€2,773 | |
| Other amounts receivable | 41 | €12,197 | €90 | -€12,107 | -99.3% |
| Cash at bank and in hand | 54/58 | - | €656 | +€656 | |
| Deferred charges and accrued income | 490/1 | €734 | €383 | -€352 | -47.9% |
| Total equity and liabilities | 10/49 | €17,869 | €1,129 | -€16,740 | -93.7% |
| Equity | 10/15 | €4,753 | €700 | -€4,053 | -85.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,796 | €80,796 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,936 | €78,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,243 | -€86,296 | -€4,053 | -4.9% |
| Amounts payable | 17/49 | €13,116 | €429 | -€12,687 | -96.7% |
| Amounts payable after more than one year | 17 | €2,400 | - | -€2,400 | |
| Financial debts | 170/4 | €2,400 | - | -€2,400 | |
| Amounts payable within one year | 42/48 | €10,716 | €429 | -€10,287 | -96.0% |
| Financial debts | 43 | €4,986 | - | -€4,986 | |
| Credit institutions | 430/8 | €4,986 | - | -€4,986 | |
| Trade debts | 44 | €5,730 | €429 | -€5,301 | -92.5% |
| Suppliers | 440/4 | €5,730 | €429 | -€5,301 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | - | -€367 | |
| Other operating charges | 640/8 | €298 | €141 | -€158 | -52.9% |
| Non-recurring operating charges | 66A | - | €2,165 | +€2,165 | |
| Gross operating margin | 9900 | -€104 | -€1,508 | -€1,405 | -1,357% |
| Operating profit (loss) | 9901 | -€768 | -€3,814 | -€3,046 | -396% |
| Financial income | 75/76B | €730 | €383 | -€347 | -47.6% |
| Recurring financial income | 75 | €730 | €383 | -€347 | -47.6% |
| Financial charges | 65/66B | €742 | €621 | -€120 | -16.2% |
| Recurring financial charges | 65 | €742 | €621 | -€120 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€780 | -€4,053 | -€3,273 | -420% |
| Profit (loss) for the period | 9904 | -€780 | -€4,053 | -€3,273 | -420% |
| Profit (loss) for the period to be appropriated | 9905 | -€780 | -€4,053 | -€3,273 | -420% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.