De Bruyn: 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 Bruyn
Largest movements
- Tangible fixed assets -€12,693
down €12,693 (-2.8%), from €445,748 to €433,054
of which Leasing and similar rights: -€12,693
- Cash +€12,073
new in 2026: €12,073
mainly Depreciation (+€12,693) and Net result for the year (+€9,005)
- Current investments -€7,403
no longer reported in 2026 (was €7,403)
- Debts after one year -€20,062
down €20,062 (-7.3%), from €274,190 to €254,129
- Profit (loss) carried forward +€9,005
up €9,005, from -€2,762 to €6,243
- Taxes +€2,286
new in 2026: €2,286
- Financial charges -€656
down €656 (-5.9%), from €11,130 to €10,474
of which Financial charges: -€657
- Gross operating margin -€402
down €402 (-1.1%), from €36,635 to €36,233
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,151 | €445,127 | -€8,023 | -1.8% |
| Fixed assets | 21/28 | €445,748 | €433,054 | -€12,693 | -2.8% |
| Tangible fixed assets | 22/27 | €445,748 | €433,054 | -€12,693 | -2.8% |
| Land and buildings | 22 | €276,503 | €276,503 | = | 0.0% |
| Leasing and similar rights | 25 | €169,244 | €156,551 | -€12,693 | -7.5% |
| Current assets | 29/58 | €7,403 | €12,073 | +€4,670 | +63.1% |
| Current investments | 50/53 | €7,403 | - | -€7,403 | |
| Cash at bank and in hand | 54/58 | - | €12,073 | +€12,073 | |
| Total equity and liabilities | 10/49 | €453,151 | €445,127 | -€8,023 | -1.8% |
| Equity | 10/15 | €144,036 | €153,041 | +€9,005 | +6.3% |
| Contributions | 10/11 | €146,798 | €146,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,762 | €6,243 | +€9,005 | |
| Amounts payable | 17/49 | €309,115 | €292,086 | -€17,028 | -5.5% |
| Amounts payable after more than one year | 17 | €274,190 | €254,129 | -€20,062 | -7.3% |
| Financial debts | 170/4 | €274,190 | €254,129 | -€20,062 | -7.3% |
| Amounts payable within one year | 42/48 | €34,924 | €37,958 | +€3,033 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €19,380 | €20,062 | +€682 | +3.5% |
| Taxes, remuneration and social security | 45 | - | €2,286 | +€2,286 | |
| Taxes | 450/3 | - | €2,286 | +€2,286 | |
| Other amounts payable | 47/48 | €15,544 | €15,610 | +€66 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,693 | €12,693 | = | 0.0% |
| Other operating charges | 640/8 | €1,722 | €1,774 | +€52 | +3.0% |
| Gross operating margin | 9900 | €36,635 | €36,233 | -€402 | -1.1% |
| Operating profit (loss) | 9901 | €22,219 | €21,765 | -€454 | -2.0% |
| Financial charges | 65/66B | €11,130 | €10,474 | -€656 | -5.9% |
| Recurring financial charges | 65 | €10,987 | €10,331 | -€657 | -6.0% |
| Non-recurring financial charges | 66B | €142 | €143 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €11,090 | €11,291 | +€201 | +1.8% |
| Income taxes | 67/77 | - | €2,286 | +€2,286 | |
| Profit (loss) for the period | 9904 | €11,090 | €9,005 | -€2,085 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,090 | €9,005 | -€2,085 | -18.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.