DE BRIDGE: 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.
DE BRIDGE
Largest movements
- Tangible fixed assets -€158,682
down €158,682 (-27.8%), from €570,392 to €411,710
of which Furniture and vehicles: -€145,547
- Cash +€147,907
up €147,907 (+365.8%), from €40,437 to €188,344
mainly Depreciation (+€137,590) and Stocks and contracts (+€116,247)
- Receivables within one year +€117,218
up €117,218 (+116.3%), from €100,804 to €218,022
of which Trade receivables: +€118,881
- Stocks and contracts -€116,247
down €116,247 (-37.4%), from €310,832 to €194,585
- Reserves +€33,448
up €33,448 (+6.9%), from €483,344 to €516,792
- Debts after one year -€26,667
down €26,667 (-12.0%), from €222,222 to €195,555
- Tax, wage and social debts +€21,465
up €21,465 (+64.8%), from €33,142 to €54,607
of which Remuneration and social security: +€12,629
- Short-term financial debts -€20,000
down €20,000 (-20.5%), from €97,361 to €77,361
- Other debts -€16,022
down €16,022 (-9.5%), from €167,934 to €151,912
- Gross operating margin +€62,829
up €62,829 (+38.8%), from €161,983 to €224,812
- Depreciation -€14,272
down €14,272 (-9.4%), from €151,862 to €137,590
- Other operating charges -€7,067
down €7,067 (-19.8%), from €35,651 to €28,584
- Financial charges -€5,318
down €5,318 (-31.4%), from €16,938 to €11,620
of which Non-recurring financial charges: -€7,990
- Taxes +€2,948
up €2,948 (+742.1%), from €397 to €3,345
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 | €1,049,874 | €1,040,210 | -€9,664 | -0.9% |
| Fixed assets | 21/28 | €581,900 | €422,917 | -€158,983 | -27.3% |
| Tangible fixed assets | 22/27 | €570,392 | €411,710 | -€158,682 | -27.8% |
| Land and buildings | 22 | €344,295 | €331,814 | -€12,481 | -3.6% |
| Plant, machinery and equipment | 23 | €4,662 | €4,009 | -€653 | -14.0% |
| Furniture and vehicles | 24 | €221,436 | €75,888 | -€145,547 | -65.7% |
| Financial fixed assets | 28 | €11,508 | €11,207 | -€301 | -2.6% |
| Current assets | 29/58 | €467,974 | €617,293 | +€149,319 | +31.9% |
| Stocks and contracts in progress | 3 | €310,832 | €194,585 | -€116,247 | -37.4% |
| Stocks | 30/36 | €310,832 | €194,585 | -€116,247 | -37.4% |
| Amounts receivable within one year | 40/41 | €100,804 | €218,022 | +€117,218 | +116.3% |
| Trade receivables | 40 | €97,517 | €216,398 | +€118,881 | +121.9% |
| Other amounts receivable | 41 | €3,287 | €1,625 | -€1,662 | -50.6% |
| Cash at bank and in hand | 54/58 | €40,437 | €188,344 | +€147,907 | +365.8% |
| Deferred charges and accrued income | 490/1 | €15,900 | €16,341 | +€441 | +2.8% |
| Total equity and liabilities | 10/49 | €1,049,874 | €1,040,210 | -€9,664 | -0.9% |
| Equity | 10/15 | €489,544 | €522,992 | +€33,448 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €483,344 | €516,792 | +€33,448 | +6.9% |
| Distributable reserves | 133 | €483,344 | €516,792 | +€33,448 | +6.9% |
| Amounts payable | 17/49 | €560,330 | €517,218 | -€43,112 | -7.7% |
| Amounts payable after more than one year | 17 | €222,222 | €195,555 | -€26,667 | -12.0% |
| Financial debts | 170/4 | €222,222 | €195,555 | -€26,667 | -12.0% |
| Amounts payable within one year | 42/48 | €337,438 | €320,894 | -€16,544 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €26,667 | = | 0.0% |
| Financial debts | 43 | €97,361 | €77,361 | -€20,000 | -20.5% |
| Credit institutions | 430/8 | €97,361 | €77,361 | -€20,000 | -20.5% |
| Trade debts | 44 | €12,334 | €10,347 | -€1,987 | -16.1% |
| Suppliers | 440/4 | €12,334 | €10,347 | -€1,987 | -16.1% |
| Taxes, remuneration and social security | 45 | €33,142 | €54,607 | +€21,465 | +64.8% |
| Taxes | 450/3 | €91 | €8,927 | +€8,836 | +9671.5% |
| Remuneration and social security | 454/9 | €33,051 | €45,680 | +€12,629 | +38.2% |
| Other amounts payable | 47/48 | €167,934 | €151,912 | -€16,022 | -9.5% |
| Accrued charges and deferred income | 492/3 | €671 | €770 | +€99 | +14.7% |
| Non-recurring operating income | 76A | €11,048 | €36,606 | +€25,557 | +231.3% |
| Remuneration, social security and pensions | 62 | €144 | - | -€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,862 | €137,590 | -€14,272 | -9.4% |
| Other operating charges | 640/8 | €35,651 | €28,584 | -€7,067 | -19.8% |
| Non-recurring operating charges | 66A | - | €11,323 | +€11,323 | |
| Gross operating margin | 9900 | €161,983 | €224,812 | +€62,829 | +38.8% |
| Operating profit (loss) | 9901 | -€25,675 | €47,314 | +€72,989 | |
| Financial income | 75/76B | €1,264 | €1,099 | -€165 | -13.0% |
| Recurring financial income | 75 | €54 | €66 | +€12 | +22.8% |
| Non-recurring financial income | 76B | €1,210 | €1,033 | -€177 | -14.6% |
| Financial charges | 65/66B | €16,938 | €11,620 | -€5,318 | -31.4% |
| Recurring financial charges | 65 | €8,948 | €11,620 | +€2,672 | +29.9% |
| Non-recurring financial charges | 66B | €7,990 | - | -€7,990 | |
| Profit (loss) for the period before taxes | 9903 | -€41,349 | €36,793 | +€78,142 | |
| Income taxes | 67/77 | €397 | €3,345 | +€2,948 | +742.1% |
| Profit (loss) for the period | 9904 | -€41,747 | €33,448 | +€75,195 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,747 | €33,448 | +€75,195 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.