DE BRUYN: 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 BRUYN
Largest movements
- Cash +€155,618
up €155,618 (+30.0%), from €518,701 to €674,319
mainly Net result for the year (+€327,781) and Debts after one year (+€83,229)
- Tangible fixed assets +€75,087
up €75,087 (+25.5%), from €293,939 to €369,026
of which Furniture and vehicles: +€85,858
- Stocks and contracts -€29,876
down €29,876 (-11.7%), from €256,126 to €226,250
- Deferred charges and accrued income +€27,338
new in 2025: €27,338
- Receivables within one year +€22,618
up €22,618 (+4.9%), from €460,595 to €483,213
of which Trade receivables: +€23,193
- Reserves +€113,496
up €113,496 (+9.1%), from €1.2m to €1.4m
of which Distributable reserves: +€113,496
- Debts after one year +€83,229
up €83,229 (+157%), from €52,894 to €136,123
- Tax, wage and social debts +€22,311
up €22,311 (+30.0%), from €74,266 to €96,577
of which Taxes: +€17,056
- Gross operating margin +€120,086
up €120,086 (+7.6%), from €1.6m to €1.7m
- Staff costs +€18,028
up €18,028 (+1.6%), from €1.1m to €1.2m
- Taxes +€17,093
up €17,093 (+18.6%), from €91,765 to €108,858
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 | €1,529,361 | €1,780,147 | +€250,786 | +16.4% |
| Fixed assets | 21/28 | €293,939 | €369,026 | +€75,087 | +25.5% |
| Tangible fixed assets | 22/27 | €293,939 | €369,026 | +€75,087 | +25.5% |
| Land and buildings | 22 | €178,121 | €165,877 | -€12,244 | -6.9% |
| Plant, machinery and equipment | 23 | €10,103 | €11,575 | +€1,473 | +14.6% |
| Furniture and vehicles | 24 | €105,716 | €191,574 | +€85,858 | +81.2% |
| Current assets | 29/58 | €1,235,422 | €1,411,121 | +€175,699 | +14.2% |
| Stocks and contracts in progress | 3 | €256,126 | €226,250 | -€29,876 | -11.7% |
| Stocks | 30/36 | €256,126 | €226,250 | -€29,876 | -11.7% |
| Amounts receivable within one year | 40/41 | €460,595 | €483,213 | +€22,618 | +4.9% |
| Trade receivables | 40 | €455,130 | €478,323 | +€23,193 | +5.1% |
| Other amounts receivable | 41 | €5,465 | €4,891 | -€575 | -10.5% |
| Cash at bank and in hand | 54/58 | €518,701 | €674,319 | +€155,618 | +30.0% |
| Deferred charges and accrued income | 490/1 | - | €27,338 | +€27,338 | |
| Total equity and liabilities | 10/49 | €1,529,361 | €1,780,147 | +€250,786 | +16.4% |
| Equity | 10/15 | €1,319,526 | €1,433,021 | +€113,496 | +8.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,244,526 | €1,358,021 | +€113,496 | +9.1% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,237,026 | €1,350,521 | +€113,496 | +9.2% |
| Amounts payable | 17/49 | €209,835 | €347,125 | +€137,290 | +65.4% |
| Amounts payable after more than one year | 17 | €52,894 | €136,123 | +€83,229 | +157% |
| Financial debts | 170/4 | €52,894 | €136,123 | +€83,229 | +157% |
| Amounts payable within one year | 42/48 | €155,826 | €211,003 | +€55,176 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €32,700 | €47,214 | +€14,514 | +44.4% |
| Trade debts | 44 | €47,892 | €65,093 | +€17,201 | +35.9% |
| Suppliers | 440/4 | €47,892 | €65,093 | +€17,201 | +35.9% |
| Taxes, remuneration and social security | 45 | €74,266 | €96,577 | +€22,311 | +30.0% |
| Taxes | 450/3 | €17,268 | €34,323 | +€17,056 | +98.8% |
| Remuneration and social security | 454/9 | €56,998 | €62,253 | +€5,255 | +9.2% |
| Other amounts payable | 47/48 | €969 | €2,119 | +€1,150 | +119% |
| Accrued charges and deferred income | 492/3 | €1,115 | - | -€1,115 | |
| Remuneration, social security and pensions | 62 | €1,139,668 | €1,157,696 | +€18,028 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,259 | €74,434 | +€11,175 | +17.7% |
| Other operating charges | 640/8 | €15,069 | €22,558 | +€7,489 | +49.7% |
| Gross operating margin | 9900 | €1,579,500 | €1,699,586 | +€120,086 | +7.6% |
| Operating profit (loss) | 9901 | €361,504 | €444,898 | +€83,394 | +23.1% |
| Financial income | 75/76B | €13,566 | €14,840 | +€1,274 | +9.4% |
| Recurring financial income | 75 | €13,566 | €14,840 | +€1,274 | +9.4% |
| Financial charges | 65/66B | €8,110 | €23,098 | +€14,988 | +185% |
| Recurring financial charges | 65 | €8,110 | €23,098 | +€14,988 | +185% |
| Profit (loss) for the period before taxes | 9903 | €366,960 | €436,639 | +€69,680 | +19.0% |
| Income taxes | 67/77 | €91,765 | €108,858 | +€17,093 | +18.6% |
| Profit (loss) for the period | 9904 | €275,195 | €327,781 | +€52,586 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €275,195 | €327,781 | +€52,586 | +19.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.