DE BRUG: 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.
DE BRUG
Largest movements
- Cash -€127,430
down €127,430 (-67.6%), from €188,484 to €61,055
mainly Trade debts (-€107,666) and Other debts (-€96,684)
- Receivables after one year -€96,684
down €96,684 (-17.8%), from €543,467 to €446,784
- Tangible fixed assets -€33,119
down €33,119 (-14.0%), from €236,209 to €203,091
- Trade debts -€107,666
down €107,666 (-98.5%), from €109,264 to €1,597
- Other debts -€96,684
down €96,684 (-100%), from €96,684 to €0
- Profit (loss) carried forward -€31,098
down €31,098 (-22.7%), from -€137,132 to -€168,230
- Debts after one year -€27,200
down €27,200 (-24.6%), from €110,508 to €83,307
of which Financial debts: -€27,200
- Gross operating margin -€148,352
down €148,352 (-22.6%), from €656,058 to €507,706
- Staff costs -€52,080
down €52,080 (-9.7%), from €537,303 to €485,223
- Financial charges -€7,965
down €7,965 (-45.2%), from €17,606 to €9,641
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 | €1,169,887 | €899,188 | -€270,699 | -23.1% |
| Fixed assets | 21/28 | €238,490 | €205,371 | -€33,119 | -13.9% |
| Tangible fixed assets | 22/27 | €236,209 | €203,091 | -€33,119 | -14.0% |
| Plant, machinery and equipment | 23 | €73,479 | €59,559 | -€13,921 | -18.9% |
| Furniture and vehicles | 24 | €32,829 | €22,129 | -€10,700 | -32.6% |
| Other tangible fixed assets | 26 | €129,901 | €121,403 | -€8,498 | -6.5% |
| Financial fixed assets | 28 | €2,280 | €2,280 | = | 0.0% |
| Current assets | 29/58 | €931,397 | €693,817 | -€237,580 | -25.5% |
| Amounts receivable after more than one year | 29 | €543,467 | €446,784 | -€96,684 | -17.8% |
| Other amounts receivable | 291 | €543,467 | €446,784 | -€96,684 | -17.8% |
| Stocks and contracts in progress | 3 | €15,212 | €15,212 | = | 0.0% |
| Stocks | 30/36 | €15,212 | €15,212 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €176,041 | €170,767 | -€5,274 | -3.0% |
| Trade receivables | 40 | €1,609 | €8,533 | +€6,923 | +430% |
| Other amounts receivable | 41 | €174,432 | €162,235 | -€12,198 | -7.0% |
| Cash at bank and in hand | 54/58 | €188,484 | €61,055 | -€127,430 | -67.6% |
| Deferred charges and accrued income | 490/1 | €8,192 | €0 | -€8,192 | -100% |
| Total equity and liabilities | 10/49 | €1,169,887 | €899,188 | -€270,699 | -23.1% |
| Equity | 10/15 | €801,179 | €770,081 | -€31,098 | -3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €919,719 | €919,719 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €899,110 | €899,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,132 | -€168,230 | -€31,098 | -22.7% |
| Amounts payable | 17/49 | €368,708 | €129,107 | -€239,601 | -65.0% |
| Amounts payable after more than one year | 17 | €110,508 | €83,307 | -€27,200 | -24.6% |
| Financial debts | 170/4 | €109,208 | €82,007 | -€27,200 | -24.9% |
| Other amounts payable | 178/9 | €1,300 | €1,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €258,200 | €45,800 | -€212,401 | -82.3% |
| Current portion of amounts payable after more than one year | 42 | €26,716 | €27,227 | +€511 | +1.9% |
| Trade debts | 44 | €109,264 | €1,597 | -€107,666 | -98.5% |
| Suppliers | 440/4 | €109,264 | €1,597 | -€107,666 | -98.5% |
| Advances received on contracts in progress | 46 | €3,634 | €0 | -€3,634 | -100% |
| Taxes, remuneration and social security | 45 | €21,903 | €16,976 | -€4,928 | -22.5% |
| Taxes | 450/3 | €57 | €0 | -€57 | -100% |
| Remuneration and social security | 454/9 | €21,846 | €16,976 | -€4,870 | -22.3% |
| Other amounts payable | 47/48 | €96,684 | €0 | -€96,684 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €537,303 | €485,223 | -€52,080 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,418 | €40,841 | -€2,576 | -5.9% |
| Other operating charges | 640/8 | €3,617 | €3,195 | -€422 | -11.7% |
| Gross operating margin | 9900 | €656,058 | €507,706 | -€148,352 | -22.6% |
| Operating profit (loss) | 9901 | €71,720 | -€21,553 | -€93,273 | |
| Financial income | 75/76B | €729 | €113 | -€616 | -84.6% |
| Recurring financial income | 75 | €729 | €113 | -€616 | -84.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €17,606 | €9,641 | -€7,965 | -45.2% |
| Recurring financial charges | 65 | €17,606 | €9,641 | -€7,965 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €54,843 | -€31,082 | -€85,925 | |
| Income taxes | 67/77 | - | €16 | +€16 | |
| Profit (loss) for the period | 9904 | €54,843 | -€31,098 | -€85,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,843 | -€31,098 | -€85,941 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.