BRUYNSEELS - COLPIN: 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.
BRUYNSEELS - COLPIN
Largest movements
- Tangible fixed assets +€158,830
up €158,830 (+87.7%), from €181,035 to €339,865
of which Land and buildings: +€160,743
- Deferred charges and accrued income -€27,955
down €27,955 (-66.4%), from €42,080 to €14,125
- Cash +€19,308
up €19,308 (+5.5%), from €351,283 to €370,591
mainly Debts after one year (+€117,502) and Net result for the year (+€92,319)
- Debts after one year +€117,502
new in 2025: €117,502
- Reserves +€92,319
up €92,319 (+17.2%), from €536,142 to €628,461
- Trade debts -€39,171
down €39,171 (-27.8%), from €140,997 to €101,826
- Other debts -€12,711
no longer reported in 2025 (was €12,711)
- Tax, wage and social debts -€12,464
down €12,464 (-20.7%), from €60,252 to €47,788
of which Remuneration and social security: -€17,426
- Gross operating margin +€9,605
up €9,605 (+2.0%), from €490,376 to €499,981
- Staff costs +€5,441
up €5,441 (+2.0%), from €278,578 to €284,019
- Taxes +€5,255
up €5,255 (+14.6%), from €36,057 to €41,312
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 | €760,527 | €916,936 | +€156,410 | +20.6% |
| Fixed assets | 21/28 | €181,050 | €339,880 | +€158,830 | +87.7% |
| Tangible fixed assets | 22/27 | €181,035 | €339,865 | +€158,830 | +87.7% |
| Land and buildings | 22 | €121,336 | €282,079 | +€160,743 | +132% |
| Plant, machinery and equipment | 23 | €41,945 | €39,361 | -€2,584 | -6.2% |
| Furniture and vehicles | 24 | - | €2,480 | +€2,480 | |
| Other tangible fixed assets | 26 | €17,755 | €15,945 | -€1,809 | -10.2% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €579,476 | €577,056 | -€2,420 | -0.4% |
| Stocks and contracts in progress | 3 | €15,574 | €16,085 | +€511 | +3.3% |
| Stocks | 30/36 | €15,574 | €16,085 | +€511 | +3.3% |
| Amounts receivable within one year | 40/41 | €170,539 | €176,254 | +€5,716 | +3.4% |
| Trade receivables | 40 | €61,288 | €53,711 | -€7,577 | -12.4% |
| Other amounts receivable | 41 | €109,250 | €122,543 | +€13,293 | +12.2% |
| Cash at bank and in hand | 54/58 | €351,283 | €370,591 | +€19,308 | +5.5% |
| Deferred charges and accrued income | 490/1 | €42,080 | €14,125 | -€27,955 | -66.4% |
| Total equity and liabilities | 10/49 | €760,527 | €916,936 | +€156,410 | +20.6% |
| Equity | 10/15 | €542,339 | €634,658 | +€92,319 | +17.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €536,142 | €628,461 | +€92,319 | +17.2% |
| Distributable reserves | 133 | €536,142 | €628,461 | +€92,319 | +17.2% |
| Amounts payable | 17/49 | €218,187 | €282,278 | +€64,091 | +29.4% |
| Amounts payable after more than one year | 17 | - | €117,502 | +€117,502 | |
| Financial debts | 170/4 | - | €117,502 | +€117,502 | |
| Amounts payable within one year | 42/48 | €213,960 | €161,416 | -€52,544 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,802 | +€11,802 | |
| Trade debts | 44 | €140,997 | €101,826 | -€39,171 | -27.8% |
| Suppliers | 440/4 | €140,997 | €101,826 | -€39,171 | -27.8% |
| Taxes, remuneration and social security | 45 | €60,252 | €47,788 | -€12,464 | -20.7% |
| Taxes | 450/3 | €11,960 | €16,922 | +€4,963 | +41.5% |
| Remuneration and social security | 454/9 | €48,292 | €30,865 | -€17,426 | -36.1% |
| Other amounts payable | 47/48 | €12,711 | - | -€12,711 | |
| Accrued charges and deferred income | 492/3 | €4,227 | €3,360 | -€867 | -20.5% |
| Non-recurring operating income | 76A | €18,938 | - | -€18,938 | |
| Remuneration, social security and pensions | 62 | €278,578 | €284,019 | +€5,441 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,350 | €68,638 | -€4,712 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €647 | - | -€647 | |
| Other operating charges | 640/8 | €5,666 | €4,520 | -€1,145 | -20.2% |
| Gross operating margin | 9900 | €490,376 | €499,981 | +€9,605 | +2.0% |
| Operating profit (loss) | 9901 | €132,136 | €142,803 | +€10,667 | +8.1% |
| Financial income | 75/76B | €1,271 | €2,099 | +€827 | +65.1% |
| Recurring financial income | 75 | €1,271 | €2,099 | +€827 | +65.1% |
| Financial charges | 65/66B | €6,364 | €11,270 | +€4,907 | +77.1% |
| Recurring financial charges | 65 | €6,364 | €11,270 | +€4,907 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | €127,044 | €133,631 | +€6,588 | +5.2% |
| Income taxes | 67/77 | €36,057 | €41,312 | +€5,255 | +14.6% |
| Profit (loss) for the period | 9904 | €90,987 | €92,319 | +€1,332 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,987 | €92,319 | +€1,332 | +1.5% |
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 27 October 2026 via checked.be.