De Brulen: 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 Brulen
Largest movements
- Cash +€132,586
up €132,586 (+169%), from €78,564 to €211,150
mainly Net result for the year (+€84,887) and Current investments (+€41,683)
- Current investments -€41,683
down €41,683 (-15.6%), from €266,528 to €224,846
- Tangible fixed assets -€8,793
down €8,793 (-38.0%), from €23,123 to €14,330
of which Furniture and vehicles: -€7,809
- Reserves +€84,887
up €84,887 (+24.8%), from €342,190 to €427,077
- Gross operating margin +€20,329
up €20,329 (+20.1%), from €101,114 to €121,443
- Depreciation +€5,565
up €5,565 (+172%), from €3,228 to €8,793
- Taxes +€5,409
up €5,409 (+19.1%), from €28,330 to €33,739
- Financial income +€4,074
up €4,074 (+83.3%), from €4,892 to €8,967
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 | €370,531 | €452,124 | +€81,593 | +22.0% |
| Fixed assets | 21/28 | €23,123 | €14,330 | -€8,793 | -38.0% |
| Tangible fixed assets | 22/27 | €23,123 | €14,330 | -€8,793 | -38.0% |
| Plant, machinery and equipment | 23 | €2,393 | €1,410 | -€984 | -41.1% |
| Furniture and vehicles | 24 | €20,729 | €12,920 | -€7,809 | -37.7% |
| Current assets | 29/58 | €347,408 | €437,794 | +€90,386 | +26.0% |
| Amounts receivable within one year | 40/41 | €1,594 | €1,601 | +€7 | +0.4% |
| Trade receivables | 40 | €1,594 | €1,601 | +€7 | +0.4% |
| Current investments | 50/53 | €266,528 | €224,846 | -€41,683 | -15.6% |
| Cash at bank and in hand | 54/58 | €78,564 | €211,150 | +€132,586 | +169% |
| Deferred charges and accrued income | 490/1 | €722 | €198 | -€524 | -72.6% |
| Total equity and liabilities | 10/49 | €370,531 | €452,124 | +€81,593 | +22.0% |
| Equity | 10/15 | €347,190 | €432,077 | +€84,887 | +24.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €342,190 | €427,077 | +€84,887 | +24.8% |
| Distributable reserves | 133 | €342,190 | €427,077 | +€84,887 | +24.8% |
| Amounts payable | 17/49 | €23,341 | €20,047 | -€3,293 | -14.1% |
| Amounts payable within one year | 42/48 | €23,341 | €20,047 | -€3,293 | -14.1% |
| Trade debts | 44 | €257 | €738 | +€481 | +187% |
| Suppliers | 440/4 | €257 | €738 | +€481 | +187% |
| Taxes, remuneration and social security | 45 | €23,083 | €19,310 | -€3,774 | -16.3% |
| Taxes | 450/3 | €23,083 | €19,310 | -€3,774 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,228 | €8,793 | +€5,565 | +172% |
| Other operating charges | 640/8 | €1,588 | €1,135 | -€453 | -28.5% |
| Gross operating margin | 9900 | €101,114 | €121,443 | +€20,329 | +20.1% |
| Operating profit (loss) | 9901 | €96,299 | €111,515 | +€15,217 | +15.8% |
| Financial income | 75/76B | €4,892 | €8,967 | +€4,074 | +83.3% |
| Recurring financial income | 75 | €4,892 | €8,967 | +€4,074 | +83.3% |
| Financial charges | 65/66B | €2,368 | €1,856 | -€512 | -21.6% |
| Recurring financial charges | 65 | €2,368 | €1,856 | -€512 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €98,823 | €118,626 | +€19,803 | +20.0% |
| Income taxes | 67/77 | €28,330 | €33,739 | +€5,409 | +19.1% |
| Profit (loss) for the period | 9904 | €70,493 | €84,887 | +€14,394 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,493 | €84,887 | +€14,394 | +20.4% |
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.