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.
What changed
De Brug
NACE 47.260, Retail trade
financial year 2025 compared with 2023not consecutivefiled annual accounts (NBB)
Net result for the year
€4.4m
2023 · €774,056+€3.6m
Equity
€2.2m
2023 · €29.3m-€27.1m
Cash
€454,463
2023 · €3.3m-€2.9m
Balance sheet total
€3.1m
2023 · €29.8m-€26.7m
Largest movements
Assets
- Current investments -€11.7m
down €11.7m (-90.4%), from €13.0m to €1.3m
- Stocks and contracts -€7.4m
no longer reported in 2025 (was €7.4m)
- Receivables after one year -€4.0m
no longer reported in 2025 (was €4.0m)
- Cash -€2.9m
down €2.9m (-86.3%), from €3.3m to €454,463
- Tangible fixed assets -€444,994
down €444,994 (-31.2%), from €1.4m to €981,754
of which Land and buildings: -€439,993
Equity and liabilities
- Reserves -€27.1m
down €27.1m (-92.8%), from €29.2m to €2.1m
of which Distributable reserves: -€26.9m
- Other debts +€900,000
new in 2025: €900,000
Income statement
- Financial income +€4.9m
up €4.9m (+1,184%), from €417,270 to €5.4m
- Turnover +€4.3m
up €4.3m (+15.1%), from €28.1m to €32.3m
- Goods and materials +€4.1m
up €4.1m (+15.9%), from €26.0m to €30.1m
of which Change in stocks: decrease (increase): +€5.3m
- Staff costs +€786,861
up €786,861 (+85.4%), from €920,906 to €1.7m
- Services and other goods +€550,862
up €550,862 (+51.6%), from €1.1m to €1.6m
From the 2023 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.
Result 2023
€774,056
Turnover
+€4.3m
Other operating income
-€77,258
Goods and materials
-€4.1m
Services and other goods
-€550,862
Staff costs
-€786,861
Depreciation
-€60,696
Other operating charges
-€21,464
Other operating items
-€257,361
Financial income
+€4.9m
Financial charges
-€24,566
Taxes
+€212,057
Deferred taxes and other
+€117,584
Result 2025
€4.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,797,277 | €3,087,196 | -€26.7m | -89.6% |
| Fixed assets | 21/28 | €1,468,819 | €981,754 | -€487,065 | -33.2% |
| Tangible fixed assets | 22/27 | €1,426,748 | €981,754 | -€444,994 | -31.2% |
| Land and buildings | 22 | €1,409,906 | €969,913 | -€439,993 | -31.2% |
| Plant, machinery and equipment | 23 | €5,479 | €9,628 | +€4,148 | +75.7% |
| Furniture and vehicles | 24 | €11,363 | €2,213 | -€9,150 | -80.5% |
| Financial fixed assets | 28 | €42,071 | - | -€42,071 | |
| Affiliated companies | 280/1 | €30,380 | - | -€30,380 | |
| Participating interests | 280 | €30,380 | - | -€30,380 | |
| Other financial fixed assets | 284/8 | €11,691 | - | -€11,691 | |
| Amounts receivable and cash guarantees | 285/8 | €11,691 | - | -€11,691 | |
| Current assets | 29/58 | €28,328,458 | €2,105,442 | -€26.2m | -92.6% |
| Amounts receivable after more than one year | 29 | €4,000,083 | - | -€4.0m | |
| Other amounts receivable | 291 | €4,000,083 | - | -€4.0m | |
| Stocks and contracts in progress | 3 | €7,384,189 | - | -€7.4m | |
| Stocks | 30/36 | €7,384,189 | - | -€7.4m | |
| Goods purchased for resale | 34 | €7,384,189 | - | -€7.4m | |
| Amounts receivable within one year | 40/41 | €424,263 | €377,368 | -€46,895 | -11.1% |
| Trade receivables | 40 | €407,843 | €212,044 | -€195,799 | -48.0% |
| Other amounts receivable | 41 | €16,420 | €165,324 | +€148,904 | +907% |
| Current investments | 50/53 | €12,956,763 | €1,250,000 | -€11.7m | -90.4% |
| Other investments | 51/53 | €12,956,763 | €1,250,000 | -€11.7m | -90.4% |
| Cash at bank and in hand | 54/58 | €3,312,403 | €454,463 | -€2.9m | -86.3% |
| Deferred charges and accrued income | 490/1 | €250,757 | €23,611 | -€227,146 | -90.6% |
| Total equity and liabilities | 10/49 | €29,797,277 | €3,087,196 | -€26.7m | -89.6% |
| Equity | 10/15 | €29,271,648 | €2,157,796 | -€27.1m | -92.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €29,209,648 | €2,095,796 | -€27.1m | -92.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €176,376 | - | -€176,376 | |
| Distributable reserves | 133 | €29,027,072 | €2,089,596 | -€26.9m | -92.8% |
| Provisions and deferred taxes | 16 | €58,792 | - | -€58,792 | |
| Deferred taxes | 168 | €58,792 | - | -€58,792 | |
| Amounts payable | 17/49 | €466,836 | €929,400 | +€462,564 | +99.1% |
| Amounts payable within one year | 42/48 | €449,645 | €929,400 | +€479,755 | +107% |
| Trade debts | 44 | €205,726 | €19,532 | -€186,194 | -90.5% |
| Suppliers | 440/4 | €205,726 | €19,532 | -€186,194 | -90.5% |
| Taxes, remuneration and social security | 45 | €243,919 | €9,868 | -€234,051 | -96.0% |
| Taxes | 450/3 | €63,506 | €9,868 | -€53,638 | -84.5% |
| Remuneration and social security | 454/9 | €180,413 | - | -€180,413 | |
| Other amounts payable | 47/48 | - | €900,000 | +€900,000 | |
| Accrued charges and deferred income | 492/3 | €17,191 | - | -€17,191 | |
| Operating income | 70/76A | €28,711,983 | €32,645,920 | +€3.9m | +13.7% |
| Turnover | 70 | €28,069,639 | €32,320,244 | +€4.3m | +15.1% |
| Other operating income | 74 | €397,934 | €320,676 | -€77,258 | -19.4% |
| Non-recurring operating income | 76A | €244,409 | €5,000 | -€239,409 | -98.0% |
| Operating charges | 60/66A | €28,017,740 | €33,586,232 | +€5.6m | +19.9% |
| Goods for resale, raw materials and consumables | 60 | €25,996,912 | €30,127,569 | +€4.1m | +15.9% |
| Purchases | 600/8 | €23,919,327 | €22,743,381 | -€1.2m | -4.9% |
| Change in stocks: decrease (increase) | 609 | €2,077,584 | €7,384,189 | +€5.3m | +255% |
| Services and other goods | 61 | €1,068,464 | €1,619,326 | +€550,862 | +51.6% |
| Remuneration, social security and pensions | 62 | €920,906 | €1,707,767 | +€786,861 | +85.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,943 | €74,639 | +€60,696 | +435% |
| Other operating charges | 640/8 | €17,516 | €38,980 | +€21,464 | +123% |
| Non-recurring operating charges | 66A | - | €17,951 | +€17,951 | |
| Operating profit (loss) | 9901 | €694,243 | -€940,312 | -€1.6m | |
| Financial income | 75/76B | €417,270 | €5,358,842 | +€4.9m | +1,184% |
| Recurring financial income | 75 | €417,270 | €5,358,842 | +€4.9m | +1,184% |
| Income from financial fixed assets | 750 | - | €3,578,521 | +€3.6m | |
| Income from current assets | 751 | €413,351 | €509,946 | +€96,594 | +23.4% |
| Other financial income | 752/9 | €3,919 | €1,270,374 | +€1.3m | +32,319% |
| Financial charges | 65/66B | €66,608 | €91,175 | +€24,566 | +36.9% |
| Recurring financial charges | 65 | €66,608 | €91,175 | +€24,566 | +36.9% |
| Debt charges | 650 | €37 | €245 | +€208 | +566% |
| Other financial charges | 652/9 | €66,572 | €90,930 | +€24,358 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €1,044,904 | €4,327,355 | +€3.3m | +314% |
| Transfer from deferred taxes | 780 | - | €58,792 | +€58,792 | |
| Transfer to deferred taxes | 680 | €58,792 | - | -€58,792 | |
| Income taxes | 67/77 | €212,057 | - | -€212,057 | |
| Taxes | 670/3 | €212,057 | - | -€212,057 | |
| Profit (loss) for the period | 9904 | €774,056 | €4,386,147 | +€3.6m | +467% |
| Transfer from tax-exempt reserves | 789 | - | €176,376 | +€176,376 | |
| Transfer to tax-exempt reserves | 689 | €176,376 | - | -€176,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €597,680 | €4,562,524 | +€4.0m | +663% |
Source: filed annual accounts (NBB), financial years ended 30 November 2023 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.