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
- Receivables within one year -€117,574
down €117,574 (-79.1%), from €148,608 to €31,034
of which Trade receivables: -€117,863
- Cash -€21,785
down €21,785 (-55.5%), from €39,275 to €17,490
mainly Trade debts (-€94,426) and Net result for the year (-€26,060)
- Tangible fixed assets -€4,453
down €4,453 (-12.6%), from €35,435 to €30,982
of which Plant, machinery and equipment: -€2,229
- Trade debts -€94,426
down €94,426 (-90.7%), from €104,081 to €9,655
- Other debts -€21,799
down €21,799 (-21.6%), from €101,131 to €79,332
- Reserves -€18,360
down €18,360 (-44.9%), from €40,860 to €22,500
of which Distributable reserves: -€18,360
- Profit (loss) carried forward -€7,700
down €7,700, from €0 to -€7,700
- Gross operating margin -€25,050
down €25,050, from €21,490 to -€3,560
- Other operating charges +€11,740
up €11,740 (+726%), from €1,617 to €13,357
- Financial income -€1,921
down €1,921 (-97.2%), from €1,977 to €56
- Financial charges -€1,110
down €1,110 (-46.0%), from €2,411 to €1,301
- Depreciation +€398
up €398 (+5.3%), from €7,500 to €7,898
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 | €271,410 | €128,791 | -€142,620 | -52.5% |
| Fixed assets | 21/28 | €60,935 | €56,482 | -€4,453 | -7.3% |
| Tangible fixed assets | 22/27 | €35,435 | €30,982 | -€4,453 | -12.6% |
| Plant, machinery and equipment | 23 | €33,211 | €30,982 | -€2,229 | -6.7% |
| Furniture and vehicles | 24 | €2,224 | €0 | -€2,224 | -100% |
| Financial fixed assets | 28 | €25,500 | €25,500 | = | 0.0% |
| Current assets | 29/58 | €210,475 | €72,309 | -€138,166 | -65.6% |
| Stocks and contracts in progress | 3 | €2,593 | €1,943 | -€650 | -25.1% |
| Stocks | 30/36 | €2,593 | €1,943 | -€650 | -25.1% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €148,608 | €31,034 | -€117,574 | -79.1% |
| Trade receivables | 40 | €144,479 | €26,616 | -€117,863 | -81.6% |
| Other amounts receivable | 41 | €4,129 | €4,418 | +€290 | +7.0% |
| Cash at bank and in hand | 54/58 | €39,275 | €17,490 | -€21,785 | -55.5% |
| Deferred charges and accrued income | 490/1 | €20,000 | €21,842 | +€1,842 | +9.2% |
| Total equity and liabilities | 10/49 | €271,410 | €128,791 | -€142,620 | -52.5% |
| Equity | 10/15 | €65,860 | €39,800 | -€26,060 | -39.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €40,860 | €22,500 | -€18,360 | -44.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €38,360 | €20,000 | -€18,360 | -47.9% |
| Profit (loss) carried forward | 14 | €0 | -€7,700 | -€7,700 | |
| Amounts payable | 17/49 | €205,550 | €88,991 | -€116,559 | -56.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €205,550 | €88,991 | -€116,559 | -56.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €104,081 | €9,655 | -€94,426 | -90.7% |
| Suppliers | 440/4 | €104,081 | €9,655 | -€94,426 | -90.7% |
| Taxes, remuneration and social security | 45 | €337 | €3 | -€334 | -99.0% |
| Taxes | 450/3 | €337 | €3 | -€334 | -99.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €101,131 | €79,332 | -€21,799 | -21.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,500 | €7,898 | +€398 | +5.3% |
| Other operating charges | 640/8 | €1,617 | €13,357 | +€11,740 | +726% |
| Gross operating margin | 9900 | €21,490 | -€3,560 | -€25,050 | |
| Operating profit (loss) | 9901 | €12,373 | -€24,815 | -€37,187 | |
| Financial income | 75/76B | €1,977 | €56 | -€1,921 | -97.2% |
| Recurring financial income | 75 | €1,977 | €56 | -€1,921 | -97.2% |
| Financial charges | 65/66B | €2,411 | €1,301 | -€1,110 | -46.0% |
| Recurring financial charges | 65 | €2,411 | €1,301 | -€1,110 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €11,938 | -€26,060 | -€37,998 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €11,938 | -€26,060 | -€37,998 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,938 | -€26,060 | -€37,998 |
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 18 October 2026 via checked.be.