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
- Receivables within one year +€80,248
up €80,248 (+608%), from €13,194 to €93,442
of which Trade receivables: +€70,001
- Financial fixed assets -€44,000
down €44,000 (-18.0%), from €244,000 to €200,000
- Cash -€30,709
down €30,709 (-74.8%), from €41,037 to €10,328
mainly Receivables within one year (-€80,248) and Debts after one year (-€26,500)
- Short-term financial debts +€29,572
up €29,572 (+91.2%), from €32,428 to €62,000
of which Other loans: +€35,484
- Debts after one year -€26,500
down €26,500 (-17.8%), from €148,500 to €122,000
- Tax, wage and social debts -€6,534
down €6,534 (-21.8%), from €30,026 to €23,492
- Reserves +€5,400
up €5,400 (+2.9%), from €185,852 to €191,252
of which Distributable reserves: +€5,400
- Other debts -€3,258
down €3,258 (-65.4%), from €4,978 to €1,720
- Write-downs +€44,400
up €44,400 (+1,850%), from €2,400 to €46,800
- Gross operating margin +€20,012
up €20,012 (+21.2%), from €94,563 to €114,575
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 | €306,255 | €306,430 | +€175 | +0.1% |
| Fixed assets | 21/28 | €247,495 | €201,882 | -€45,613 | -18.4% |
| Tangible fixed assets | 22/27 | €3,495 | €1,882 | -€1,613 | -46.2% |
| Furniture and vehicles | 24 | €3,495 | €1,882 | -€1,613 | -46.2% |
| Financial fixed assets | 28 | €244,000 | €200,000 | -€44,000 | -18.0% |
| Current assets | 29/58 | €58,760 | €104,548 | +€45,788 | +77.9% |
| Stocks and contracts in progress | 3 | €2,800 | - | -€2,800 | |
| Stocks | 30/36 | €2,800 | - | -€2,800 | |
| Amounts receivable within one year | 40/41 | €13,194 | €93,442 | +€80,248 | +608% |
| Trade receivables | 40 | €6,854 | €76,855 | +€70,001 | +1,021% |
| Other amounts receivable | 41 | €6,340 | €16,587 | +€10,247 | +162% |
| Cash at bank and in hand | 54/58 | €41,037 | €10,328 | -€30,709 | -74.8% |
| Deferred charges and accrued income | 490/1 | €1,729 | €778 | -€951 | -55.0% |
| Total equity and liabilities | 10/49 | €306,255 | €306,430 | +€175 | +0.1% |
| Equity | 10/15 | €89,330 | €94,792 | +€5,462 | +6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €185,852 | €191,252 | +€5,400 | +2.9% |
| 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 | €1,450 | €1,450 | = | 0.0% |
| Distributable reserves | 133 | €182,543 | €187,943 | +€5,400 | +3.0% |
| Profit (loss) carried forward | 14 | -€115,114 | -€115,052 | +€62 | +0.1% |
| Amounts payable | 17/49 | €216,925 | €211,638 | -€5,287 | -2.4% |
| Amounts payable after more than one year | 17 | €148,500 | €122,000 | -€26,500 | -17.8% |
| Financial debts | 170/4 | €148,500 | €122,000 | -€26,500 | -17.8% |
| Amounts payable within one year | 42/48 | €68,425 | €89,638 | +€21,213 | +31.0% |
| Financial debts | 43 | €32,428 | €62,000 | +€29,572 | +91.2% |
| Credit institutions | 430/8 | €32,428 | €26,516 | -€5,912 | -18.2% |
| Other loans | 439 | - | €35,484 | +€35,484 | |
| Trade debts | 44 | €993 | €2,426 | +€1,433 | +144% |
| Suppliers | 440/4 | €993 | €2,426 | +€1,433 | +144% |
| Taxes, remuneration and social security | 45 | €30,026 | €23,492 | -€6,534 | -21.8% |
| Taxes | 450/3 | €30,026 | €23,492 | -€6,534 | -21.8% |
| Other amounts payable | 47/48 | €4,978 | €1,720 | -€3,258 | -65.4% |
| Non-recurring operating income | 76A | €5,940 | €12,812 | +€6,872 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,344 | €1,613 | +€269 | +20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,400 | €46,800 | +€44,400 | +1,850% |
| Other operating charges | 640/8 | €221 | €490 | +€269 | +122% |
| Gross operating margin | 9900 | €94,563 | €114,575 | +€20,012 | +21.2% |
| Operating profit (loss) | 9901 | €90,598 | €65,672 | -€24,926 | -27.5% |
| Financial charges | 65/66B | €8,577 | €7,458 | -€1,119 | -13.0% |
| Recurring financial charges | 65 | €8,436 | €7,458 | -€978 | -11.6% |
| Non-recurring financial charges | 66B | €141 | - | -€141 | |
| Profit (loss) for the period before taxes | 9903 | €82,021 | €58,214 | -€23,807 | -29.0% |
| Income taxes | 67/77 | €29,319 | €29,752 | +€433 | +1.5% |
| Profit (loss) for the period | 9904 | €52,702 | €28,462 | -€24,240 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,702 | €28,462 | -€24,240 | -46.0% |
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 16 October 2026 via checked.be.