Central Brugge: 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.
Central Brugge
Largest movements
- Cash +€65,566
up €65,566 (+23.8%), from €275,745 to €341,311
mainly Net result for the year (+€95,888) and Depreciation (+€68,148)
- Tangible fixed assets -€44,637
down €44,637 (-9.8%), from €454,761 to €410,123
of which Land and buildings: -€23,900
- Receivables within one year +€28,838
up €28,838 (+11.9%), from €241,779 to €270,617
of which Trade receivables: +€33,241
- Reserves +€578,435
up €578,435 (+74.2%), from €779,543 to €1.4m
of which Distributable reserves: +€578,435
- Profit (loss) carried forward -€482,548
down €482,548 (-100%), from €482,548 to €0
- Debts after one year -€84,876
down €84,876 (-53.5%), from €158,604 to €73,728
- Other debts +€56,963
up €56,963 (+104%), from €54,750 to €111,713
- Staff costs +€44,986
up €44,986 (+5.1%), from €876,572 to €921,558
- Taxes -€27,137
down €27,137 (-38.6%), from €70,331 to €43,193
- Financial charges +€13,886
up €13,886 (+174%), from €7,974 to €21,860
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 | €2,219,908 | €2,267,832 | +€47,924 | +2.2% |
| Fixed assets | 21/28 | €1,696,215 | €1,648,580 | -€47,635 | -2.8% |
| Intangible fixed assets | 21 | €818,361 | €815,363 | -€2,998 | -0.4% |
| Tangible fixed assets | 22/27 | €454,761 | €410,123 | -€44,637 | -9.8% |
| Land and buildings | 22 | €306,820 | €282,920 | -€23,900 | -7.8% |
| Plant, machinery and equipment | 23 | €114,169 | €98,246 | -€15,923 | -13.9% |
| Furniture and vehicles | 24 | €33,772 | €28,957 | -€4,815 | -14.3% |
| Financial fixed assets | 28 | €423,094 | €423,094 | = | 0.0% |
| Current assets | 29/58 | €523,693 | €619,252 | +€95,559 | +18.2% |
| Stocks and contracts in progress | 3 | €6,169 | €5,718 | -€450 | -7.3% |
| Stocks | 30/36 | €6,169 | €5,718 | -€450 | -7.3% |
| Amounts receivable within one year | 40/41 | €241,779 | €270,617 | +€28,838 | +11.9% |
| Trade receivables | 40 | €124,388 | €157,629 | +€33,241 | +26.7% |
| Other amounts receivable | 41 | €117,391 | €112,989 | -€4,403 | -3.8% |
| Cash at bank and in hand | 54/58 | €275,745 | €341,311 | +€65,566 | +23.8% |
| Deferred charges and accrued income | 490/1 | - | €1,606 | +€1,606 | |
| Total equity and liabilities | 10/49 | €2,219,908 | €2,267,832 | +€47,924 | +2.2% |
| Equity | 10/15 | €1,614,091 | €1,709,978 | +€95,888 | +5.9% |
| Contributions | 10/11 | €352,000 | €352,000 | = | 0.0% |
| Capital | 10 | €352,000 | €352,000 | = | 0.0% |
| Issued capital | 100 | €352,000 | €352,000 | = | 0.0% |
| Reserves | 13 | €779,543 | €1,357,978 | +€578,435 | +74.2% |
| Non-distributable reserves | 130/1 | €60,200 | €60,200 | = | 0.0% |
| Legal reserve | 130 | €60,200 | €60,200 | = | 0.0% |
| Distributable reserves | 133 | €719,343 | €1,297,778 | +€578,435 | +80.4% |
| Profit (loss) carried forward | 14 | €482,548 | €0 | -€482,548 | -100% |
| Amounts payable | 17/49 | €605,817 | €557,854 | -€47,964 | -7.9% |
| Amounts payable after more than one year | 17 | €158,604 | €73,728 | -€84,876 | -53.5% |
| Financial debts | 170/4 | €158,604 | €73,728 | -€84,876 | -53.5% |
| Amounts payable within one year | 42/48 | €447,213 | €484,125 | +€36,912 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €100,885 | €96,522 | -€4,362 | -4.3% |
| Financial debts | 43 | €99 | €1,882 | +€1,783 | +1,801% |
| Credit institutions | 430/8 | €99 | €1,882 | +€1,783 | +1,801% |
| Trade debts | 44 | €120,862 | €98,613 | -€22,250 | -18.4% |
| Suppliers | 440/4 | €120,862 | €98,613 | -€22,250 | -18.4% |
| Taxes, remuneration and social security | 45 | €170,617 | €175,395 | +€4,777 | +2.8% |
| Taxes | 450/3 | €80,736 | €56,846 | -€23,889 | -29.6% |
| Remuneration and social security | 454/9 | €89,882 | €118,548 | +€28,667 | +31.9% |
| Other amounts payable | 47/48 | €54,750 | €111,713 | +€56,963 | +104% |
| Remuneration, social security and pensions | 62 | €876,572 | €921,558 | +€44,986 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,053 | €68,148 | +€7,094 | +11.6% |
| Other operating charges | 640/8 | €56,612 | €50,453 | -€6,159 | -10.9% |
| Non-recurring operating charges | 66A | €19,100 | €0 | -€19,100 | -100% |
| Gross operating margin | 9900 | €1,189,408 | €1,200,370 | +€10,962 | +0.9% |
| Operating profit (loss) | 9901 | €176,071 | €160,211 | -€15,860 | -9.0% |
| Financial income | 75/76B | €1,573 | €729 | -€843 | -53.6% |
| Recurring financial income | 75 | €1,573 | €729 | -€843 | -53.6% |
| Financial charges | 65/66B | €7,974 | €21,860 | +€13,886 | +174% |
| Recurring financial charges | 65 | €7,974 | €21,860 | +€13,886 | +174% |
| Profit (loss) for the period before taxes | 9903 | €169,670 | €139,081 | -€30,589 | -18.0% |
| Income taxes | 67/77 | €70,331 | €43,193 | -€27,137 | -38.6% |
| Profit (loss) for the period | 9904 | €99,339 | €95,888 | -€3,452 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,339 | €95,888 | -€3,452 | -3.5% |
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.