BRUYNSEELS CONSTRUCT: what changed
Two fiscal 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 CONSTRUCT
Largest movements
- Tangible fixed assets -€78,052
down €78,052 (-13.5%), from €580,043 to €501,990
of which Furniture and vehicles: -€99,522
- Receivables within one year +€47,818
up €47,818 (+99.2%), from €48,198 to €96,016
of which Trade receivables: +€47,096
- Cash +€37,001
up €37,001 (+65.0%), from €56,912 to €93,913
mainly Depreciation (+€111,639) and Net result for the year (+€62,181)
- Debts after one year -€89,358
down €89,358 (-19.4%), from €460,448 to €371,090
- Reserves +€62,181
up €62,181 (+62.6%), from €99,328 to €161,510
- Trade debts +€18,760
up €18,760 (+83.5%), from €22,478 to €41,238
- Tax, wage and social debts +€9,959
up €9,959 (+106.3%), from €9,372 to €19,331
of which Remuneration and social security: +€9,545
- Gross operating margin +€172,138
up €172,138 (+137.2%), from €125,495 to €297,633
- Staff costs +€68,693
new in 2025: €68,693
- Taxes +€25,974
up €25,974 (+493.3%), from €5,265 to €31,239
- Depreciation +€23,149
up €23,149 (+26.2%), from €88,490 to €111,639
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.
Cash bridge derived
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 | €692,326 | €696,377 | +€4,050 | +0.6% |
| Fixed assets | 21/28 | €580,043 | €501,990 | -€78,052 | -13.5% |
| Tangible fixed assets | 22/27 | €580,043 | €501,990 | -€78,052 | -13.5% |
| Plant, machinery and equipment | 23 | €36,500 | €57,969 | +€21,469 | +58.8% |
| Furniture and vehicles | 24 | €543,543 | €444,021 | -€99,522 | -18.3% |
| Current assets | 29/58 | €112,283 | €194,386 | +€82,103 | +73.1% |
| Amounts receivable within one year | 40/41 | €48,198 | €96,016 | +€47,818 | +99.2% |
| Trade receivables | 40 | €37,147 | €84,243 | +€47,096 | +126.8% |
| Other amounts receivable | 41 | €11,051 | €11,773 | +€722 | +6.5% |
| Cash at bank and in hand | 54/58 | €56,912 | €93,913 | +€37,001 | +65.0% |
| Deferred charges and accrued income | 490/1 | €7,173 | €4,457 | -€2,716 | -37.9% |
| Total equity and liabilities | 10/49 | €692,326 | €696,377 | +€4,050 | +0.6% |
| Equity | 10/15 | €105,528 | €167,710 | +€62,181 | +58.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,328 | €161,510 | +€62,181 | +62.6% |
| Distributable reserves | 133 | €99,328 | €161,510 | +€62,181 | +62.6% |
| Amounts payable | 17/49 | €586,798 | €528,667 | -€58,131 | -9.9% |
| Amounts payable after more than one year | 17 | €460,448 | €371,090 | -€89,358 | -19.4% |
| Financial debts | 170/4 | €460,448 | €371,090 | -€89,358 | -19.4% |
| Amounts payable within one year | 42/48 | €126,350 | €157,577 | +€31,227 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €86,114 | €89,358 | +€3,244 | +3.8% |
| Financial debts | 43 | €773 | €0 | -€773 | -100.0% |
| Credit institutions | 430/8 | €773 | €0 | -€773 | -100.0% |
| Trade debts | 44 | €22,478 | €41,238 | +€18,760 | +83.5% |
| Suppliers | 440/4 | €22,478 | €41,238 | +€18,760 | +83.5% |
| Taxes, remuneration and social security | 45 | €9,372 | €19,331 | +€9,959 | +106.3% |
| Taxes | 450/3 | €9,372 | €9,787 | +€414 | +4.4% |
| Remuneration and social security | 454/9 | €0 | €9,545 | +€9,545 | |
| Other amounts payable | 47/48 | €7,613 | €7,650 | +€38 | +0.5% |
| Non-recurring operating income | 76A | - | €7,287 | +€7,287 | |
| Remuneration, social security and pensions | 62 | - | €68,693 | +€68,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,490 | €111,639 | +€23,149 | +26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,312 | +€1,312 | |
| Other operating charges | 640/8 | €3,559 | €3,137 | -€422 | -11.9% |
| Gross operating margin | 9900 | €125,495 | €297,633 | +€172,138 | +137.2% |
| Operating profit (loss) | 9901 | €33,447 | €112,853 | +€79,406 | +237.4% |
| Financial income | 75/76B | €278 | €0 | -€278 | -100.0% |
| Recurring financial income | 75 | €278 | €0 | -€278 | -100.0% |
| Financial charges | 65/66B | €17,769 | €19,432 | +€1,664 | +9.4% |
| Recurring financial charges | 65 | €17,769 | €19,432 | +€1,664 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €15,957 | €93,421 | +€77,464 | +485.5% |
| Income taxes | 67/77 | €5,265 | €31,239 | +€25,974 | +493.3% |
| Profit (loss) for the period | 9904 | €10,691 | €62,181 | +€51,490 | +481.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,691 | €62,181 | +€51,490 | +481.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.