BRUYNSERAEDE: 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.
BRUYNSERAEDE
Largest movements
- Cash -€14,422
down €14,422 (-59.5%), from €24,219 to €9,797
mainly Contributions, distributions and other (-€21,181) and Receivables within one year (-€14,373)
- Receivables within one year +€14,373
up €14,373 (+31.8%), from €45,188 to €59,561
of which Trade receivables: +€15,930
- Tangible fixed assets -€9,759
down €9,759 (-45.7%), from €21,364 to €11,605
of which Furniture and vehicles: -€8,530
- Tax, wage and social debts -€11,548
down €11,548 (-54.3%), from €21,260 to €9,712
- Debts after one year -€9,017
down €9,017 (-86.3%), from €10,444 to €1,427
- Reserves +€6,235
up €6,235 (+4.6%), from €134,608 to €140,843
- Other debts +€2,238
up €2,238 (+11.8%), from €18,943 to €21,181
- Depreciation -€1,179
down €1,179 (-10.8%), from €10,938 to €9,759
- Gross operating margin +€1,039
up €1,039 (+2.1%), from €50,138 to €51,177
- Taxes +€1,029
up €1,029 (+8.7%), from €11,772 to €12,801
- Other operating charges -€871
down €871 (-59.3%), from €1,470 to €598
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 | €215,265 | €205,588 | -€9,677 | -4.5% |
| Fixed assets | 21/28 | €21,364 | €11,605 | -€9,759 | -45.7% |
| Tangible fixed assets | 22/27 | €21,364 | €11,605 | -€9,759 | -45.7% |
| Plant, machinery and equipment | 23 | €3,273 | €2,044 | -€1,229 | -37.5% |
| Furniture and vehicles | 24 | €18,091 | €9,560 | -€8,530 | -47.2% |
| Current assets | 29/58 | €193,901 | €193,983 | +€82 | 0.0% |
| Amounts receivable after more than one year | 29 | €115,980 | €114,777 | -€1,203 | -1.0% |
| Other amounts receivable | 291 | €115,980 | €114,777 | -€1,203 | -1.0% |
| Amounts receivable within one year | 40/41 | €45,188 | €59,561 | +€14,373 | +31.8% |
| Trade receivables | 40 | €43,182 | €59,112 | +€15,930 | +36.9% |
| Other amounts receivable | 41 | €2,006 | €449 | -€1,557 | -77.6% |
| Cash at bank and in hand | 54/58 | €24,219 | €9,797 | -€14,422 | -59.5% |
| Deferred charges and accrued income | 490/1 | €8,514 | €9,848 | +€1,335 | +15.7% |
| Total equity and liabilities | 10/49 | €215,265 | €205,588 | -€9,677 | -4.5% |
| Equity | 10/15 | €155,833 | €162,068 | +€6,235 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €134,608 | €140,843 | +€6,235 | +4.6% |
| Distributable reserves | 133 | €134,608 | €140,843 | +€6,235 | +4.6% |
| Profit (loss) carried forward | 14 | €15,025 | €15,025 | = | 0.0% |
| Amounts payable | 17/49 | €59,432 | €43,520 | -€15,912 | -26.8% |
| Amounts payable after more than one year | 17 | €10,444 | €1,427 | -€9,017 | -86.3% |
| Financial debts | 170/4 | €10,444 | €1,427 | -€9,017 | -86.3% |
| Amounts payable within one year | 42/48 | €48,989 | €41,812 | -€7,177 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €8,751 | €9,017 | +€265 | +3.0% |
| Trade debts | 44 | €34 | €1,902 | +€1,868 | +5,486% |
| Suppliers | 440/4 | €34 | €1,902 | +€1,868 | +5,486% |
| Taxes, remuneration and social security | 45 | €21,260 | €9,712 | -€11,548 | -54.3% |
| Taxes | 450/3 | €21,260 | €9,712 | -€11,548 | -54.3% |
| Other amounts payable | 47/48 | €18,943 | €21,181 | +€2,238 | +11.8% |
| Accrued charges and deferred income | 492/3 | - | €281 | +€281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,938 | €9,759 | -€1,179 | -10.8% |
| Other operating charges | 640/8 | €1,470 | €598 | -€871 | -59.3% |
| Gross operating margin | 9900 | €50,138 | €51,177 | +€1,039 | +2.1% |
| Operating profit (loss) | 9901 | €37,730 | €40,819 | +€3,089 | +8.2% |
| Financial charges | 65/66B | €684 | €602 | -€82 | -12.0% |
| Recurring financial charges | 65 | €684 | €602 | -€82 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €37,046 | €40,217 | +€3,171 | +8.6% |
| Income taxes | 67/77 | €11,772 | €12,801 | +€1,029 | +8.7% |
| Profit (loss) for the period | 9904 | €25,275 | €27,416 | +€2,142 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,275 | €27,416 | +€2,142 | +8.5% |
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 23 October 2026 via checked.be.