DE BRUG: 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 BRUG
Largest movements
- Tangible fixed assets -€33,924
down €33,924 (-9.5%), from €355,702 to €321,779
of which Land and buildings: -€35,724
- Cash -€23,462
down €23,462 (-45.4%), from €51,639 to €28,177
mainly Net result for the year (-€28,390) and Trade debts (-€18,299)
- Receivables within one year +€13,635
up €13,635 (+20.7%), from €65,863 to €79,498
- Profit (loss) carried forward -€28,390
down €28,390 (-11.2%), from -€252,966 to -€281,356
- Trade debts -€18,299
down €18,299 (-80.5%), from €22,743 to €4,444
- Gross operating margin +€51,221
up €51,221 (+12.4%), from €412,799 to €464,020
- Staff costs +€30,973
up €30,973 (+7.6%), from €405,113 to €436,086
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 | €479,414 | €432,637 | -€46,776 | -9.8% |
| Fixed assets | 21/28 | €355,702 | €321,779 | -€33,924 | -9.5% |
| Tangible fixed assets | 22/27 | €355,702 | €321,779 | -€33,924 | -9.5% |
| Land and buildings | 22 | €347,041 | €311,317 | -€35,724 | -10.3% |
| Plant, machinery and equipment | 23 | €8,662 | €10,462 | +€1,800 | +20.8% |
| Current assets | 29/58 | €123,711 | €110,859 | -€12,853 | -10.4% |
| Stocks and contracts in progress | 3 | €3,436 | €2,315 | -€1,121 | -32.6% |
| Stocks | 30/36 | €3,436 | €2,315 | -€1,121 | -32.6% |
| Amounts receivable within one year | 40/41 | €65,863 | €79,498 | +€13,635 | +20.7% |
| Trade receivables | 40 | €65,863 | €79,498 | +€13,635 | +20.7% |
| Cash at bank and in hand | 54/58 | €51,639 | €28,177 | -€23,462 | -45.4% |
| Deferred charges and accrued income | 490/1 | €2,774 | €869 | -€1,905 | -68.7% |
| Total equity and liabilities | 10/49 | €479,414 | €432,637 | -€46,776 | -9.8% |
| Equity | 10/15 | €139,338 | €110,947 | -€28,390 | -20.4% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €44,410 | €44,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,980 | €2,980 | = | 0.0% |
| Legal reserve | 130 | €2,980 | €2,980 | = | 0.0% |
| Distributable reserves | 133 | €41,430 | €41,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€252,966 | -€281,356 | -€28,390 | -11.2% |
| Amounts payable | 17/49 | €340,076 | €321,690 | -€18,386 | -5.4% |
| Amounts payable after more than one year | 17 | €49,579 | €49,579 | = | 0.0% |
| Other amounts payable | 178/9 | €49,579 | €49,579 | = | 0.0% |
| Amounts payable within one year | 42/48 | €242,775 | €223,047 | -€19,728 | -8.1% |
| Trade debts | 44 | €22,743 | €4,444 | -€18,299 | -80.5% |
| Suppliers | 440/4 | €22,743 | €4,444 | -€18,299 | -80.5% |
| Taxes, remuneration and social security | 45 | €172,032 | €170,548 | -€1,484 | -0.9% |
| Taxes | 450/3 | €5,203 | €16,888 | +€11,685 | +224.6% |
| Remuneration and social security | 454/9 | €166,829 | €153,660 | -€13,169 | -7.9% |
| Other amounts payable | 47/48 | €48,000 | €48,055 | +€55 | +0.1% |
| Accrued charges and deferred income | 492/3 | €47,722 | €49,064 | +€1,342 | +2.8% |
| Remuneration, social security and pensions | 62 | €405,113 | €436,086 | +€30,973 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,105 | €37,874 | -€232 | -0.6% |
| Other operating charges | 640/8 | €16,935 | €17,706 | +€772 | +4.6% |
| Gross operating margin | 9900 | €412,799 | €464,020 | +€51,221 | +12.4% |
| Operating profit (loss) | 9901 | -€47,354 | -€27,646 | +€19,707 | +41.6% |
| Financial income | 75/76B | €122 | €0 | -€121 | -99.6% |
| Recurring financial income | 75 | €122 | €0 | -€121 | -99.6% |
| Financial charges | 65/66B | €144 | €147 | +€3 | +1.9% |
| Recurring financial charges | 65 | €144 | €147 | +€3 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€47,376 | -€27,793 | +€19,583 | +41.3% |
| Income taxes | 67/77 | €588 | €597 | +€9 | +1.6% |
| Profit (loss) for the period | 9904 | -€47,964 | -€28,390 | +€19,574 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,964 | -€28,390 | +€19,574 | +40.8% |
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 6 October 2026 via checked.be.