De Bruycker: 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 Bruycker
Largest movements
- Tangible fixed assets -€75,299
down €75,299 (-11.8%), from €638,807 to €563,509
- Cash -€64,613
down €64,613 (-21.2%), from €305,457 to €240,844
mainly Contributions, distributions and other (-€170,000) and Debts after one year (-€99,454)
- Receivables within one year +€48,872
up €48,872 (+51.0%), from €95,857 to €144,729
of which Trade receivables: +€37,372
- Deferred charges and accrued income -€17,242
down €17,242 (-85.0%), from €20,281 to €3,039
- Debts after one year -€99,454
down €99,454 (-16.6%), from €600,264 to €500,810
- Current portion of long-term debt -€27,241
down €27,241 (-20.2%), from €134,920 to €107,680
- Other debts +€19,000
up €19,000 (+12.6%), from €151,000 to €170,000
- Other operating charges -€59,510
down €59,510 (-75.3%), from €78,993 to €19,483
- Write-downs +€49,627
up €49,627, from -€49,627 to €0
- Gross operating margin +€6,571
up €6,571 (+2.4%), from €274,732 to €281,303
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 | €1,060,402 | €952,121 | -€108,281 | -10.2% |
| Fixed assets | 21/28 | €638,807 | €563,509 | -€75,299 | -11.8% |
| Tangible fixed assets | 22/27 | €638,807 | €563,509 | -€75,299 | -11.8% |
| Land and buildings | 22 | €638,807 | €563,509 | -€75,299 | -11.8% |
| Current assets | 29/58 | €421,595 | €388,612 | -€32,983 | -7.8% |
| Amounts receivable within one year | 40/41 | €95,857 | €144,729 | +€48,872 | +51.0% |
| Trade receivables | 40 | €0 | €37,372 | +€37,372 | |
| Other amounts receivable | 41 | €95,857 | €107,357 | +€11,500 | +12.0% |
| Cash at bank and in hand | 54/58 | €305,457 | €240,844 | -€64,613 | -21.2% |
| Deferred charges and accrued income | 490/1 | €20,281 | €3,039 | -€17,242 | -85.0% |
| Total equity and liabilities | 10/49 | €1,060,402 | €952,121 | -€108,281 | -10.2% |
| Equity | 10/15 | €132,022 | €131,746 | -€276 | -0.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €70,522 | €70,246 | -€276 | -0.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,088 | €63,088 | = | 0.0% |
| Distributable reserves | 133 | €1,284 | €1,008 | -€276 | -21.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €928,380 | €820,375 | -€108,005 | -11.6% |
| Amounts payable after more than one year | 17 | €600,264 | €500,810 | -€99,454 | -16.6% |
| Financial debts | 170/4 | €600,264 | €500,810 | -€99,454 | -16.6% |
| Amounts payable within one year | 42/48 | €328,116 | €319,565 | -€8,551 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €134,920 | €107,680 | -€27,241 | -20.2% |
| Trade debts | 44 | €37,636 | €33,003 | -€4,633 | -12.3% |
| Suppliers | 440/4 | €37,636 | €33,003 | -€4,633 | -12.3% |
| Taxes, remuneration and social security | 45 | €4,560 | €8,882 | +€4,322 | +94.8% |
| Taxes | 450/3 | €4,560 | €8,882 | +€4,322 | +94.8% |
| Other amounts payable | 47/48 | €151,000 | €170,000 | +€19,000 | +12.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,314 | €75,299 | -€1,015 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€49,627 | €0 | +€49,627 | |
| Other operating charges | 640/8 | €78,993 | €19,483 | -€59,510 | -75.3% |
| Gross operating margin | 9900 | €274,732 | €281,303 | +€6,571 | +2.4% |
| Operating profit (loss) | 9901 | €169,052 | €186,522 | +€17,469 | +10.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €17,193 | €16,798 | -€395 | -2.3% |
| Recurring financial charges | 65 | €17,193 | €16,798 | -€395 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €151,859 | €169,724 | +€17,865 | +11.8% |
| Profit (loss) for the period | 9904 | €151,859 | €169,724 | +€17,865 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €151,859 | €169,724 | +€17,865 | +11.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.