Bruynooghe: 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.
Bruynooghe
Largest movements
- Cash -€181,312
down €181,312 (-51.0%), from €355,498 to €174,186
mainly Debts after one year (-€136,498) and Other debts (-€88,479)
- Stocks and contracts -€25,830
down €25,830 (-1.8%), from €1.5m to €1.4m
- Debts after one year -€136,498
down €136,498 (-12.7%), from €1.1m to €936,498
- Other debts -€88,479
down €88,479 (-54.0%), from €163,767 to €75,288
- Trade debts -€31,787
down €31,787 (-96.3%), from €33,007 to €1,221
- Accrued charges and deferred income +€31,356
up €31,356 (+12.7%), from €246,695 to €278,051
- Profit (loss) carried forward +€26,905
up €26,905 (+0.5%), from -€5.9m to -€5.9m
- Gross operating margin +€180,154
up €180,154, from -€77,499 to €102,655
- Taxes -€20,984
no longer reported in 2025 (was €20,984)
- Financial charges -€17,457
down €17,457 (-24.4%), from €71,424 to €53,967
- Other operating charges +€6,195
up €6,195 (+535%), from €1,157 to €7,352
- Financial income -€5,913
down €5,913 (-95.2%), from €6,214 to €301
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 | €2,139,680 | €1,915,743 | -€223,937 | -10.5% |
| Fixed assets | 21/28 | €317,830 | €304,692 | -€13,138 | -4.1% |
| Tangible fixed assets | 22/27 | €315,955 | €302,817 | -€13,138 | -4.2% |
| Land and buildings | 22 | €266,771 | €260,230 | -€6,541 | -2.5% |
| Plant, machinery and equipment | 23 | €49,184 | €42,586 | -€6,597 | -13.4% |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €1,821,851 | €1,611,051 | -€210,799 | -11.6% |
| Stocks and contracts in progress | 3 | €1,460,885 | €1,435,054 | -€25,830 | -1.8% |
| Stocks | 30/36 | €1,460,885 | €1,435,054 | -€25,830 | -1.8% |
| Amounts receivable within one year | 40/41 | €4,822 | €657 | -€4,164 | -86.4% |
| Trade receivables | 40 | €1,332 | €568 | -€764 | -57.4% |
| Other amounts receivable | 41 | €3,490 | €89 | -€3,401 | -97.4% |
| Cash at bank and in hand | 54/58 | €355,498 | €174,186 | -€181,312 | -51.0% |
| Deferred charges and accrued income | 490/1 | €646 | €1,154 | +€508 | +78.7% |
| Total equity and liabilities | 10/49 | €2,139,680 | €1,915,743 | -€223,937 | -10.5% |
| Equity | 10/15 | €596,782 | €623,686 | +€26,905 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,490,431 | €6,490,431 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,729,360 | €1,729,360 | = | 0.0% |
| Distributable reserves | 133 | €4,761,071 | €4,761,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,912,250 | -€5,885,345 | +€26,905 | +0.5% |
| Amounts payable | 17/49 | €1,542,899 | €1,292,057 | -€250,842 | -16.3% |
| Amounts payable after more than one year | 17 | €1,072,996 | €936,498 | -€136,498 | -12.7% |
| Other amounts payable | 178/9 | €1,072,996 | €936,498 | -€136,498 | -12.7% |
| Amounts payable within one year | 42/48 | €223,208 | €77,508 | -€145,700 | -65.3% |
| Trade debts | 44 | €33,007 | €1,221 | -€31,787 | -96.3% |
| Suppliers | 440/4 | €33,007 | €1,221 | -€31,787 | -96.3% |
| Taxes, remuneration and social security | 45 | €26,434 | €1,000 | -€25,434 | -96.2% |
| Taxes | 450/3 | €26,434 | €1,000 | -€25,434 | -96.2% |
| Other amounts payable | 47/48 | €163,767 | €75,288 | -€88,479 | -54.0% |
| Accrued charges and deferred income | 492/3 | €246,695 | €278,051 | +€31,356 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,087 | €14,732 | +€1,645 | +12.6% |
| Other operating charges | 640/8 | €1,157 | €7,352 | +€6,195 | +535% |
| Gross operating margin | 9900 | -€77,499 | €102,655 | +€180,154 | |
| Operating profit (loss) | 9901 | -€91,744 | €80,571 | +€172,314 | |
| Financial income | 75/76B | €6,214 | €301 | -€5,913 | -95.2% |
| Recurring financial income | 75 | €6,214 | €301 | -€5,913 | -95.2% |
| Financial charges | 65/66B | €71,424 | €53,967 | -€17,457 | -24.4% |
| Recurring financial charges | 65 | €71,424 | €53,967 | -€17,457 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€156,953 | €26,905 | +€183,858 | |
| Income taxes | 67/77 | €20,984 | - | -€20,984 | |
| Profit (loss) for the period | 9904 | -€177,937 | €26,905 | +€204,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€177,937 | €26,905 | +€204,842 |
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 25 October 2026 via checked.be.