BRYCE MANAGEMENT: 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.
BRYCE MANAGEMENT
Largest movements
- Receivables within one year -€37,758
down €37,758 (-97.5%), from €38,710 to €952
of which Other amounts receivable: -€36,359
- Cash +€6,178
up €6,178 (+22.2%), from €27,858 to €34,036
mainly Receivables within one year (+€37,758) and Depreciation (+€7,386)
- Tangible fixed assets -€5,763
down €5,763 (-41.1%), from €14,031 to €8,268
of which Furniture and vehicles: -€5,884
- Reserves -€30,401
down €30,401 (-20.1%), from €151,206 to €120,804
- Tax, wage and social debts -€8,021
down €8,021 (-93.8%), from €8,547 to €526
- Gross operating margin -€17,735
down €17,735 (-479.2%), from -€3,701 to -€21,436
- Depreciation -€2,297
down €2,297 (-23.7%), from €9,683 to €7,386
- Financial income -€614
down €614 (-25.2%), from €2,433 to €1,819
- Taxes +€405
up €405 (+61.7%), from €656 to €1,061
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 | €173,912 | €135,656 | -€38,257 | -22.0% |
| Fixed assets | 21/28 | €14,926 | €8,669 | -€6,257 | -41.9% |
| Intangible fixed assets | 21 | €894 | €400 | -€494 | -55.2% |
| Tangible fixed assets | 22/27 | €14,031 | €8,268 | -€5,763 | -41.1% |
| Land and buildings | 22 | €1,995 | €1,688 | -€308 | -15.4% |
| Plant, machinery and equipment | 23 | €765 | €1,194 | +€429 | +56.0% |
| Furniture and vehicles | 24 | €11,271 | €5,387 | -€5,884 | -52.2% |
| Current assets | 29/58 | €158,987 | €126,987 | -€32,000 | -20.1% |
| Amounts receivable within one year | 40/41 | €38,710 | €952 | -€37,758 | -97.5% |
| Trade receivables | 40 | €2,351 | €952 | -€1,399 | -59.5% |
| Other amounts receivable | 41 | €36,359 | - | -€36,359 | |
| Current investments | 50/53 | €90,114 | €90,114 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €27,858 | €34,036 | +€6,178 | +22.2% |
| Deferred charges and accrued income | 490/1 | €2,304 | €1,885 | -€420 | -18.2% |
| Total equity and liabilities | 10/49 | €173,912 | €135,656 | -€38,257 | -22.0% |
| Equity | 10/15 | €163,606 | €133,204 | -€30,401 | -18.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €151,206 | €120,804 | -€30,401 | -20.1% |
| Distributable reserves | 133 | €151,206 | €120,804 | -€30,401 | -20.1% |
| Amounts payable | 17/49 | €10,306 | €2,451 | -€7,855 | -76.2% |
| Amounts payable within one year | 42/48 | €10,306 | €2,451 | -€7,855 | -76.2% |
| Trade debts | 44 | €1,760 | €730 | -€1,030 | -58.5% |
| Suppliers | 440/4 | €1,760 | €730 | -€1,030 | -58.5% |
| Taxes, remuneration and social security | 45 | €8,547 | €526 | -€8,021 | -93.8% |
| Taxes | 450/3 | €8,547 | €526 | -€8,021 | -93.8% |
| Other amounts payable | 47/48 | - | €1,195 | +€1,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,683 | €7,386 | -€2,297 | -23.7% |
| Other operating charges | 640/8 | €2,103 | €2,081 | -€22 | -1.1% |
| Gross operating margin | 9900 | -€3,701 | -€21,436 | -€17,735 | -479.2% |
| Operating profit (loss) | 9901 | -€15,487 | -€30,903 | -€15,416 | -99.5% |
| Financial income | 75/76B | €2,433 | €1,819 | -€614 | -25.2% |
| Recurring financial income | 75 | €2,433 | €1,819 | -€614 | -25.2% |
| Financial charges | 65/66B | €392 | €255 | -€137 | -34.9% |
| Recurring financial charges | 65 | €392 | €255 | -€137 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,447 | -€29,340 | -€15,894 | -118.2% |
| Income taxes | 67/77 | €656 | €1,061 | +€405 | +61.7% |
| Profit (loss) for the period | 9904 | -€14,103 | -€30,401 | -€16,299 | -115.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,103 | -€30,401 | -€16,299 | -115.6% |
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 1 October 2026 via checked.be.