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 -€24,737
down €24,737 (-35.9%), from €68,910 to €44,174
of which Furniture and vehicles: -€20,467
- Receivables within one year +€3,189
up €3,189 (+5.7%), from €55,547 to €58,736
of which Other amounts receivable: +€7,959
- Cash +€3,101
up €3,101 (+4.5%), from €69,128 to €72,229
mainly Depreciation (+€27,224) and Net result for the year (+€11,527)
- Debts after one year -€12,411
down €12,411 (-46.5%), from €26,700 to €14,288
- Profit (loss) carried forward +€11,527
up €11,527 (+39.6%), from €29,077 to €40,603
- Tax, wage and social debts -€7,539
down €7,539 (-24.8%), from €30,339 to €22,800
of which Taxes: -€4,950
- Other debts -€5,178
down €5,178 (-20.0%), from €25,833 to €20,656
- Current portion of long-term debt -€4,556
down €4,556 (-26.9%), from €16,968 to €12,411
- Gross operating margin +€31,791
up €31,791 (+48.4%), from €65,645 to €97,436
- Taxes +€2,748
up €2,748 (+586.9%), from €468 to €3,216
- Staff costs +€2,591
up €2,591 (+4.8%), from €54,248 to €56,838
- Depreciation -€1,436
down €1,436 (-5.0%), from €28,660 to €27,224
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 | €199,828 | €178,721 | -€21,107 | -10.6% |
| Fixed assets | 21/28 | €70,943 | €44,628 | -€26,315 | -37.1% |
| Intangible fixed assets | 21 | €1,732 | €154 | -€1,579 | -91.1% |
| Tangible fixed assets | 22/27 | €68,910 | €44,174 | -€24,737 | -35.9% |
| Land and buildings | 22 | €6,840 | €6,270 | -€570 | -8.3% |
| Plant, machinery and equipment | 23 | €14,658 | €10,958 | -€3,700 | -25.2% |
| Furniture and vehicles | 24 | €47,412 | €26,946 | -€20,467 | -43.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €128,885 | €134,093 | +€5,209 | +4.0% |
| Stocks and contracts in progress | 3 | €3,000 | €2,650 | -€350 | -11.7% |
| Stocks | 30/36 | €3,000 | €2,650 | -€350 | -11.7% |
| Amounts receivable within one year | 40/41 | €55,547 | €58,736 | +€3,189 | +5.7% |
| Trade receivables | 40 | €55,028 | €50,258 | -€4,770 | -8.7% |
| Other amounts receivable | 41 | €519 | €8,478 | +€7,959 | +1533.8% |
| Cash at bank and in hand | 54/58 | €69,128 | €72,229 | +€3,101 | +4.5% |
| Deferred charges and accrued income | 490/1 | €1,210 | €478 | -€732 | -60.5% |
| Total equity and liabilities | 10/49 | €199,828 | €178,721 | -€21,107 | -10.6% |
| Equity | 10/15 | €58,401 | €69,928 | +€11,527 | +19.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,124 | €23,124 | = | 0.0% |
| 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 | €21,264 | €21,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,077 | €40,603 | +€11,527 | +39.6% |
| Amounts payable | 17/49 | €141,427 | €108,793 | -€32,633 | -23.1% |
| Amounts payable after more than one year | 17 | €26,700 | €14,288 | -€12,411 | -46.5% |
| Financial debts | 170/4 | €26,700 | €14,288 | -€12,411 | -46.5% |
| Amounts payable within one year | 42/48 | €114,727 | €94,505 | -€20,222 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €16,968 | €12,411 | -€4,556 | -26.9% |
| Trade debts | 44 | €41,507 | €38,638 | -€2,870 | -6.9% |
| Suppliers | 440/4 | €41,507 | €38,638 | -€2,870 | -6.9% |
| Advances received on contracts in progress | 46 | €80 | €0 | -€80 | -100.0% |
| Taxes, remuneration and social security | 45 | €30,339 | €22,800 | -€7,539 | -24.8% |
| Taxes | 450/3 | €17,339 | €12,389 | -€4,950 | -28.5% |
| Remuneration and social security | 454/9 | €13,000 | €10,411 | -€2,589 | -19.9% |
| Other amounts payable | 47/48 | €25,833 | €20,656 | -€5,178 | -20.0% |
| Remuneration, social security and pensions | 62 | €54,248 | €56,838 | +€2,591 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,660 | €27,224 | -€1,436 | -5.0% |
| Other operating charges | 640/8 | €1,604 | €1,654 | +€49 | +3.1% |
| Gross operating margin | 9900 | €65,645 | €97,436 | +€31,791 | +48.4% |
| Operating profit (loss) | 9901 | -€18,867 | €11,720 | +€30,587 | |
| Financial income | 75/76B | €4,980 | €4,491 | -€489 | -9.8% |
| Recurring financial income | 75 | €4,980 | €4,491 | -€489 | -9.8% |
| Financial charges | 65/66B | €1,730 | €1,468 | -€261 | -15.1% |
| Recurring financial charges | 65 | €1,730 | €1,468 | -€261 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,617 | €14,743 | +€30,359 | |
| Income taxes | 67/77 | €468 | €3,216 | +€2,748 | +586.9% |
| Profit (loss) for the period | 9904 | -€16,085 | €11,527 | +€27,612 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,085 | €11,527 | +€27,612 |
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 8 October 2026 via checked.be.