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
- Deferred charges and accrued income +€50,961
new in 2025: €50,961
- Receivables within one year -€27,779
down €27,779 (-10.7%), from €258,617 to €230,837
- Cash -€5,947
down €5,947 (-97.3%), from €6,115 to €167
mainly Deferred charges and accrued income (-€50,961) and Debts after one year (-€12,721)
- Accrued charges and deferred income +€27,180
new in 2025: €27,180
- Debts after one year -€12,721
down €12,721 (-8.0%), from €158,132 to €145,410
- Other debts +€12,000
up €12,000 (+30.8%), from €39,000 to €51,000
- Tax, wage and social debts -€6,033
down €6,033 (-35.2%), from €17,137 to €11,105
of which Remuneration and social security: -€6,164
- Trade debts -€4,050
down €4,050 (-29.2%), from €13,893 to €9,843
- Gross operating margin +€53,703
up €53,703 (+58.9%), from €91,102 to €144,806
- Staff costs +€46,565
up €46,565 (+61.2%), from €76,135 to €122,700
- Other operating charges +€8,717
up €8,717 (+3,539%), from €246 to €8,964
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 | €286,378 | €305,894 | +€19,516 | +6.8% |
| Fixed assets | 21/28 | €21,647 | €23,929 | +€2,282 | +10.5% |
| Tangible fixed assets | 22/27 | €21,647 | €23,929 | +€2,282 | +10.5% |
| Plant, machinery and equipment | 23 | €12,264 | €7,651 | -€4,613 | -37.6% |
| Furniture and vehicles | 24 | €9,383 | €16,278 | +€6,895 | +73.5% |
| Current assets | 29/58 | €264,731 | €281,965 | +€17,234 | +6.5% |
| Amounts receivable within one year | 40/41 | €258,617 | €230,837 | -€27,779 | -10.7% |
| Other amounts receivable | 41 | €258,617 | €230,837 | -€27,779 | -10.7% |
| Cash at bank and in hand | 54/58 | €6,115 | €167 | -€5,947 | -97.3% |
| Deferred charges and accrued income | 490/1 | - | €50,961 | +€50,961 | |
| Total equity and liabilities | 10/49 | €286,378 | €305,894 | +€19,516 | +6.8% |
| Equity | 10/15 | €34,804 | €34,804 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,204 | €16,204 | = | 0.0% |
| Distributable reserves | 133 | €16,204 | €16,204 | = | 0.0% |
| Amounts payable | 17/49 | €251,574 | €271,090 | +€19,516 | +7.8% |
| Amounts payable after more than one year | 17 | €158,132 | €145,410 | -€12,721 | -8.0% |
| Financial debts | 170/4 | €158,132 | €145,410 | -€12,721 | -8.0% |
| Amounts payable within one year | 42/48 | €93,442 | €98,500 | +€5,058 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €23,412 | €26,552 | +€3,140 | +13.4% |
| Trade debts | 44 | €13,893 | €9,843 | -€4,050 | -29.2% |
| Suppliers | 440/4 | €13,893 | €9,843 | -€4,050 | -29.2% |
| Taxes, remuneration and social security | 45 | €17,137 | €11,105 | -€6,033 | -35.2% |
| Taxes | 450/3 | €805 | €937 | +€132 | +16.4% |
| Remuneration and social security | 454/9 | €16,332 | €10,168 | -€6,164 | -37.7% |
| Other amounts payable | 47/48 | €39,000 | €51,000 | +€12,000 | +30.8% |
| Accrued charges and deferred income | 492/3 | - | €27,180 | +€27,180 | |
| Remuneration, social security and pensions | 62 | €76,135 | €122,700 | +€46,565 | +61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,770 | €8,416 | -€353 | -4.0% |
| Other operating charges | 640/8 | €246 | €8,964 | +€8,717 | +3,539% |
| Gross operating margin | 9900 | €91,102 | €144,806 | +€53,703 | +58.9% |
| Operating profit (loss) | 9901 | €5,951 | €4,725 | -€1,226 | -20.6% |
| Financial income | 75/76B | €5 | €15 | +€10 | +205% |
| Recurring financial income | 75 | €5 | €15 | +€10 | +205% |
| Financial charges | 65/66B | €4,257 | €3,804 | -€453 | -10.6% |
| Recurring financial charges | 65 | €4,257 | €3,804 | -€453 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €1,699 | €937 | -€763 | -44.9% |
| Income taxes | 67/77 | €805 | €937 | +€132 | +16.4% |
| Profit (loss) for the period | 9904 | €894 | €0 | -€894 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €894 | €0 | -€894 | -100% |
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 15 October 2026 via checked.be.