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
- Receivables within one year +€28,677
up €28,677 (+76.1%), from €37,704 to €66,381
of which Trade receivables: +€19,279
- Current portion of long-term debt -€174,047
no longer reported in 2025 (was €174,047)
- Other debts +€165,547
up €165,547 (+15.2%), from €1.1m to €1.3m
- Reserves +€27,351
up €27,351 (+3.3%), from €829,804 to €857,155
of which Distributable reserves: +€27,351
- Gross operating margin -€27,713
down €27,713 (-18.4%), from €150,561 to €122,849
- Financial charges +€16,972
up €16,972 (+28.3%), from €59,986 to €76,958
- Taxes -€11,184
down €11,184 (-47.4%), from €23,572 to €12,387
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 | €2,343,250 | €2,373,259 | +€30,010 | +1.3% |
| Fixed assets | 21/28 | €2,303,815 | €2,303,971 | +€156 | 0.0% |
| Tangible fixed assets | 22/27 | €18,920 | €19,076 | +€156 | +0.8% |
| Land and buildings | 22 | €8,776 | €7,880 | -€896 | -10.2% |
| Plant, machinery and equipment | 23 | €2,138 | €3,016 | +€878 | +41.1% |
| Furniture and vehicles | 24 | €7,881 | €8,179 | +€298 | +3.8% |
| Other tangible fixed assets | 26 | €124 | - | -€124 | |
| Financial fixed assets | 28 | €2,284,895 | €2,284,895 | = | 0.0% |
| Current assets | 29/58 | €39,435 | €69,288 | +€29,853 | +75.7% |
| Amounts receivable within one year | 40/41 | €37,704 | €66,381 | +€28,677 | +76.1% |
| Trade receivables | 40 | €21,000 | €40,279 | +€19,279 | +91.8% |
| Other amounts receivable | 41 | €16,704 | €26,103 | +€9,398 | +56.3% |
| Cash at bank and in hand | 54/58 | €377 | €2,115 | +€1,738 | +461.1% |
| Deferred charges and accrued income | 490/1 | €1,354 | €792 | -€562 | -41.5% |
| Total equity and liabilities | 10/49 | €2,343,250 | €2,373,259 | +€30,010 | +1.3% |
| Equity | 10/15 | €879,804 | €907,155 | +€27,351 | +3.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €829,804 | €857,155 | +€27,351 | +3.3% |
| Tax-exempt reserves | 132 | €44,454 | €44,454 | = | 0.0% |
| Distributable reserves | 133 | €785,351 | €812,702 | +€27,351 | +3.5% |
| Amounts payable | 17/49 | €1,463,445 | €1,466,104 | +€2,659 | +0.2% |
| Amounts payable after more than one year | 17 | €170,280 | €162,960 | -€7,320 | -4.3% |
| Financial debts | 170/4 | €170,280 | €162,960 | -€7,320 | -4.3% |
| Amounts payable within one year | 42/48 | €1,275,148 | €1,280,478 | +€5,330 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €174,047 | - | -€174,047 | |
| Trade debts | 44 | €9,666 | €20,234 | +€10,568 | +109.3% |
| Suppliers | 440/4 | €9,666 | €20,234 | +€10,568 | +109.3% |
| Taxes, remuneration and social security | 45 | €1,344 | €4,606 | +€3,263 | +242.8% |
| Taxes | 450/3 | €1,344 | €1,480 | +€137 | +10.2% |
| Remuneration and social security | 454/9 | - | €3,126 | +€3,126 | |
| Other amounts payable | 47/48 | €1,090,092 | €1,255,638 | +€165,547 | +15.2% |
| Accrued charges and deferred income | 492/3 | €18,017 | €22,666 | +€4,649 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,439 | €4,885 | +€445 | +10.0% |
| Other operating charges | 640/8 | €422 | €435 | +€13 | +3.0% |
| Gross operating margin | 9900 | €150,561 | €122,849 | -€27,713 | -18.4% |
| Operating profit (loss) | 9901 | €145,700 | €117,529 | -€28,171 | -19.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.1% |
| Financial charges | 65/66B | €59,986 | €76,958 | +€16,972 | +28.3% |
| Recurring financial charges | 65 | €59,986 | €76,958 | +€16,972 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €85,715 | €40,571 | -€45,144 | -52.7% |
| Income taxes | 67/77 | €23,572 | €12,387 | -€11,184 | -47.4% |
| Profit (loss) for the period | 9904 | €62,144 | €28,184 | -€33,960 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,144 | €28,184 | -€33,960 | -54.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.