BRUYNFICO: 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.
BRUYNFICO
Largest movements
- Receivables within one year +€87,656
up €87,656 (+57.1%), from €153,417 to €241,073
of which Trade receivables: +€80,386
- Tangible fixed assets -€46,929
down €46,929 (-11.3%), from €413,930 to €367,001
of which Land and buildings: -€45,713
- Cash -€11,069
down €11,069 (-53.8%), from €20,566 to €9,497
mainly Receivables within one year (-€87,656) and Debts after one year (-€30,602)
- Short-term financial debts +€40,000
up €40,000 (+133%), from €30,000 to €70,000
- Other debts +€36,804
up €36,804 (+474%), from €7,768 to €44,572
- Debts after one year -€30,602
down €30,602 (-9.7%), from €316,254 to €285,652
- Tax, wage and social debts -€14,044
down €14,044 (-25.1%), from €55,846 to €41,803
of which Taxes: -€7,894
- Trade debts -€10,549
down €10,549 (-10.7%), from €98,306 to €87,757
- Gross operating margin +€63,727
up €63,727 (+28.3%), from €225,112 to €288,838
- Staff costs +€50,940
up €50,940 (+32.8%), from €155,073 to €206,014
- Write-downs +€24,482
new in 2025: €24,482
- Financial income +€4,945
up €4,945 (+109%), from €4,554 to €9,499
- Depreciation -€3,477
down €3,477 (-6.9%), from €50,406 to €46,929
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 | €760,194 | €790,376 | +€30,182 | +4.0% |
| Fixed assets | 21/28 | €581,447 | €534,518 | -€46,929 | -8.1% |
| Tangible fixed assets | 22/27 | €413,930 | €367,001 | -€46,929 | -11.3% |
| Land and buildings | 22 | €411,918 | €366,205 | -€45,713 | -11.1% |
| Furniture and vehicles | 24 | €2,012 | €796 | -€1,216 | -60.5% |
| Financial fixed assets | 28 | €167,518 | €167,518 | = | 0.0% |
| Current assets | 29/58 | €178,747 | €255,858 | +€77,111 | +43.1% |
| Amounts receivable within one year | 40/41 | €153,417 | €241,073 | +€87,656 | +57.1% |
| Trade receivables | 40 | €153,417 | €233,803 | +€80,386 | +52.4% |
| Other amounts receivable | 41 | - | €7,270 | +€7,270 | |
| Cash at bank and in hand | 54/58 | €20,566 | €9,497 | -€11,069 | -53.8% |
| Deferred charges and accrued income | 490/1 | €4,763 | €5,287 | +€524 | +11.0% |
| Total equity and liabilities | 10/49 | €760,194 | €790,376 | +€30,182 | +4.0% |
| Equity | 10/15 | €194,557 | €194,600 | +€43 | 0.0% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €31,048 | €31,048 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,048 | €22,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,509 | €1,553 | +€43 | +2.9% |
| Amounts payable | 17/49 | €565,637 | €595,776 | +€30,139 | +5.3% |
| Amounts payable after more than one year | 17 | €316,254 | €285,652 | -€30,602 | -9.7% |
| Financial debts | 170/4 | €316,254 | €285,652 | -€30,602 | -9.7% |
| Amounts payable within one year | 42/48 | €249,383 | €310,124 | +€60,741 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €57,463 | €65,993 | +€8,530 | +14.8% |
| Financial debts | 43 | €30,000 | €70,000 | +€40,000 | +133% |
| Other loans | 439 | €30,000 | €70,000 | +€40,000 | +133% |
| Trade debts | 44 | €98,306 | €87,757 | -€10,549 | -10.7% |
| Suppliers | 440/4 | €98,306 | €87,757 | -€10,549 | -10.7% |
| Taxes, remuneration and social security | 45 | €55,846 | €41,803 | -€14,044 | -25.1% |
| Taxes | 450/3 | €24,239 | €16,346 | -€7,894 | -32.6% |
| Remuneration and social security | 454/9 | €31,607 | €25,457 | -€6,150 | -19.5% |
| Other amounts payable | 47/48 | €7,768 | €44,572 | +€36,804 | +474% |
| Remuneration, social security and pensions | 62 | €155,073 | €206,014 | +€50,940 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,406 | €46,929 | -€3,477 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,482 | +€24,482 | |
| Other operating charges | 640/8 | €5,103 | €7,323 | +€2,219 | +43.5% |
| Gross operating margin | 9900 | €225,112 | €288,838 | +€63,727 | +28.3% |
| Operating profit (loss) | 9901 | €14,529 | €4,091 | -€10,438 | -71.8% |
| Financial income | 75/76B | €4,554 | €9,499 | +€4,945 | +109% |
| Recurring financial income | 75 | €4,554 | €9,499 | +€4,945 | +109% |
| Financial charges | 65/66B | €14,375 | €11,988 | -€2,387 | -16.6% |
| Recurring financial charges | 65 | €14,375 | €11,988 | -€2,387 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €4,708 | €1,602 | -€3,105 | -66.0% |
| Income taxes | 67/77 | €2,028 | €1,559 | -€469 | -23.1% |
| Profit (loss) for the period | 9904 | €2,680 | €43 | -€2,637 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,680 | €43 | -€2,637 | -98.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.