DE.BRUYCKER: 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.BRUYCKER
Largest movements
- Current investments +€90,835
up €90,835 (+81.8%), from €111,013 to €201,848
- Cash -€82,909
down €82,909 (-58.2%), from €142,522 to €59,613
mainly Current investments (-€90,835) and Contributions, distributions and other (-€86,285)
- Receivables within one year -€46,326
down €46,326 (-41.6%), from €111,321 to €64,995
of which Other amounts receivable: -€46,327
- Deferred charges and accrued income +€12,421
up €12,421 (+477%), from €2,604 to €15,025
- Tangible fixed assets -€7,271
down €7,271 (-5.2%), from €138,994 to €131,723
of which Plant, machinery and equipment: -€16,021
- Reserves -€40,737
down €40,737 (-9.8%), from €416,886 to €376,149
of which Distributable reserves: -€40,737
- Accrued charges and deferred income +€10,187
up €10,187 (+362%), from €2,813 to €13,000
- Other debts -€5,782
down €5,782 (-29.8%), from €19,403 to €13,621
- Depreciation +€9,342
up €9,342 (+30.2%), from €30,910 to €40,252
- Taxes -€8,736
down €8,736 (-30.0%), from €29,097 to €20,361
- Gross operating margin -€8,156
down €8,156 (-2.5%), from €328,204 to €320,048
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 | €506,454 | €473,204 | -€33,250 | -6.6% |
| Fixed assets | 21/28 | €138,994 | €131,723 | -€7,271 | -5.2% |
| Tangible fixed assets | 22/27 | €138,994 | €131,723 | -€7,271 | -5.2% |
| Plant, machinery and equipment | 23 | €72,191 | €56,170 | -€16,021 | -22.2% |
| Furniture and vehicles | 24 | €66,803 | €75,553 | +€8,750 | +13.1% |
| Current assets | 29/58 | €367,460 | €341,481 | -€25,979 | -7.1% |
| Amounts receivable within one year | 40/41 | €111,321 | €64,995 | -€46,326 | -41.6% |
| Trade receivables | 40 | - | €1 | +€1 | |
| Other amounts receivable | 41 | €111,321 | €64,994 | -€46,327 | -41.6% |
| Current investments | 50/53 | €111,013 | €201,848 | +€90,835 | +81.8% |
| Cash at bank and in hand | 54/58 | €142,522 | €59,613 | -€82,909 | -58.2% |
| Deferred charges and accrued income | 490/1 | €2,604 | €15,025 | +€12,421 | +477% |
| Total equity and liabilities | 10/49 | €506,454 | €473,204 | -€33,250 | -6.6% |
| Equity | 10/15 | €435,486 | €394,749 | -€40,737 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €416,886 | €376,149 | -€40,737 | -9.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €415,026 | €374,289 | -€40,737 | -9.8% |
| Amounts payable | 17/49 | €70,968 | €78,455 | +€7,487 | +10.6% |
| Amounts payable within one year | 42/48 | €68,155 | €65,455 | -€2,700 | -4.0% |
| Trade debts | 44 | €5,344 | €9,584 | +€4,240 | +79.3% |
| Suppliers | 440/4 | €5,344 | €9,584 | +€4,240 | +79.3% |
| Taxes, remuneration and social security | 45 | €43,408 | €42,250 | -€1,158 | -2.7% |
| Taxes | 450/3 | €5,711 | €4,822 | -€889 | -15.6% |
| Remuneration and social security | 454/9 | €37,697 | €37,428 | -€269 | -0.7% |
| Other amounts payable | 47/48 | €19,403 | €13,621 | -€5,782 | -29.8% |
| Accrued charges and deferred income | 492/3 | €2,813 | €13,000 | +€10,187 | +362% |
| Non-recurring operating income | 76A | - | €1,667 | +€1,667 | |
| Remuneration, social security and pensions | 62 | €206,148 | €208,109 | +€1,961 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,910 | €40,252 | +€9,342 | +30.2% |
| Other operating charges | 640/8 | €2,165 | €2,446 | +€281 | +13.0% |
| Non-recurring operating charges | 66A | - | €1,201 | +€1,201 | |
| Gross operating margin | 9900 | €328,204 | €320,048 | -€8,156 | -2.5% |
| Operating profit (loss) | 9901 | €88,981 | €68,040 | -€20,941 | -23.5% |
| Financial income | 75/76B | €1,927 | €2,501 | +€574 | +29.8% |
| Recurring financial income | 75 | €1,927 | €2,501 | +€574 | +29.8% |
| Financial charges | 65/66B | €3,330 | €4,632 | +€1,302 | +39.1% |
| Recurring financial charges | 65 | €3,330 | €4,632 | +€1,302 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €87,578 | €65,909 | -€21,670 | -24.7% |
| Income taxes | 67/77 | €29,097 | €20,361 | -€8,736 | -30.0% |
| Profit (loss) for the period | 9904 | €58,482 | €45,548 | -€12,934 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,482 | €45,548 | -€12,934 | -22.1% |
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.