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 +€47,330
up €47,330 (+34.2%), from €138,518 to €185,849
mainly Net result for the year (+€33,424) and Tax, wage and social debts (+€18,016)
- Receivables within one year -€11,285
down €11,285 (-8.5%), from €133,189 to €121,903
of which Other amounts receivable: -€11,908
- Tangible fixed assets -€4,160
down €4,160 (-5.8%), from €71,226 to €67,065
of which Plant, machinery and equipment: -€2,657
- Reserves +€33,424
up €33,424 (+13.3%), from €251,877 to €285,300
- Tax, wage and social debts +€18,016
up €18,016 (+115%), from €15,646 to €33,662
of which Remuneration and social security: +€11,370
- Debts after one year -€15,515
down €15,515 (-36.4%), from €42,621 to €27,107
of which Financial debts: -€15,515
- Trade debts -€4,484
down €4,484 (-89.3%), from €5,023 to €538
- Depreciation -€19,003
down €19,003 (-63.8%), from €29,773 to €10,770
- Gross operating margin -€11,048
down €11,048 (-9.9%), from €111,172 to €100,124
- Staff costs +€2,840
up €2,840 (+8.5%), from €33,448 to €36,288
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 | €348,598 | €380,722 | +€32,124 | +9.2% |
| Fixed assets | 21/28 | €71,726 | €67,565 | -€4,160 | -5.8% |
| Tangible fixed assets | 22/27 | €71,226 | €67,065 | -€4,160 | -5.8% |
| Plant, machinery and equipment | 23 | €65,817 | €63,160 | -€2,657 | -4.0% |
| Furniture and vehicles | 24 | €5,115 | €3,748 | -€1,367 | -26.7% |
| Other tangible fixed assets | 26 | €294 | €157 | -€137 | -46.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €276,873 | €313,157 | +€36,284 | +13.1% |
| Stocks and contracts in progress | 3 | €5,166 | €5,368 | +€203 | +3.9% |
| Stocks | 30/36 | €5,166 | €5,368 | +€203 | +3.9% |
| Amounts receivable within one year | 40/41 | €133,189 | €121,903 | -€11,285 | -8.5% |
| Trade receivables | 40 | €4,109 | €4,732 | +€623 | +15.2% |
| Other amounts receivable | 41 | €129,080 | €117,172 | -€11,908 | -9.2% |
| Cash at bank and in hand | 54/58 | €138,518 | €185,849 | +€47,330 | +34.2% |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €348,598 | €380,722 | +€32,124 | +9.2% |
| Equity | 10/15 | €270,477 | €303,900 | +€33,424 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,877 | €285,300 | +€33,424 | +13.3% |
| Distributable reserves | 133 | €251,877 | €285,300 | +€33,424 | +13.3% |
| Amounts payable | 17/49 | €78,122 | €76,822 | -€1,300 | -1.7% |
| Amounts payable after more than one year | 17 | €42,621 | €27,107 | -€15,515 | -36.4% |
| Financial debts | 170/4 | €40,137 | €24,622 | -€15,515 | -38.7% |
| Other amounts payable | 178/9 | €2,484 | €2,484 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,500 | €49,715 | +€14,215 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €14,831 | €15,515 | +€683 | +4.6% |
| Trade debts | 44 | €5,023 | €538 | -€4,484 | -89.3% |
| Suppliers | 440/4 | €5,023 | €538 | -€4,484 | -89.3% |
| Taxes, remuneration and social security | 45 | €15,646 | €33,662 | +€18,016 | +115% |
| Taxes | 450/3 | €10,357 | €17,003 | +€6,646 | +64.2% |
| Remuneration and social security | 454/9 | €5,289 | €16,659 | +€11,370 | +215% |
| Remuneration, social security and pensions | 62 | €33,448 | €36,288 | +€2,840 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,773 | €10,770 | -€19,003 | -63.8% |
| Other operating charges | 640/8 | €1,361 | €1,345 | -€17 | -1.2% |
| Gross operating margin | 9900 | €111,172 | €100,124 | -€11,048 | -9.9% |
| Operating profit (loss) | 9901 | €46,589 | €51,721 | +€5,132 | +11.0% |
| Financial income | 75/76B | €35 | €1 | -€34 | -95.9% |
| Recurring financial income | 75 | €35 | €1 | -€34 | -95.9% |
| Financial charges | 65/66B | €4,915 | €4,324 | -€591 | -12.0% |
| Recurring financial charges | 65 | €4,915 | €4,324 | -€591 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €41,709 | €47,398 | +€5,689 | +13.6% |
| Income taxes | 67/77 | €14,547 | €13,974 | -€573 | -3.9% |
| Profit (loss) for the period | 9904 | €27,162 | €33,424 | +€6,262 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,162 | €33,424 | +€6,262 | +23.1% |
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 25 October 2026 via checked.be.