DE BRUYN BEHEER: 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 BEHEER
Largest movements
- Tangible fixed assets -€8,510
down €8,510 (-1.4%), from €601,722 to €593,212
of which Plant, machinery and equipment: -€8,051
- Cash -€7,212
down €7,212 (-36.3%), from €19,892 to €12,681
mainly Other debts (-€57,925) and Investment in fixed assets (net) (-€9,680)
- Other debts -€57,925
down €57,925 (-12.8%), from €451,659 to €393,734
- Reserves +€39,749
up €39,749 (+26.2%), from €151,815 to €191,564
of which Distributable reserves: +€39,749
- Gross operating margin +€15,028
up €15,028 (+26.2%), from €57,373 to €72,401
- Taxes +€4,083
up €4,083 (+46.6%), from €8,770 to €12,853
- Depreciation -€2,508
down €2,508 (-12.1%), from €20,699 to €18,190
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 | €625,713 | €611,996 | -€13,717 | -2.2% |
| Fixed assets | 21/28 | €601,722 | €593,212 | -€8,510 | -1.4% |
| Tangible fixed assets | 22/27 | €601,722 | €593,212 | -€8,510 | -1.4% |
| Land and buildings | 22 | €538,733 | €533,750 | -€4,983 | -0.9% |
| Plant, machinery and equipment | 23 | €62,989 | €54,938 | -€8,051 | -12.8% |
| Furniture and vehicles | 24 | - | €4,524 | +€4,524 | |
| Current assets | 29/58 | €23,991 | €18,784 | -€5,207 | -21.7% |
| Amounts receivable within one year | 40/41 | €4,099 | €6,104 | +€2,005 | +48.9% |
| Trade receivables | 40 | €2,844 | €6,104 | +€3,260 | +115% |
| Other amounts receivable | 41 | €1,255 | - | -€1,255 | |
| Cash at bank and in hand | 54/58 | €19,892 | €12,681 | -€7,212 | -36.3% |
| Total equity and liabilities | 10/49 | €625,713 | €611,996 | -€13,717 | -2.2% |
| Equity | 10/15 | €171,815 | €211,564 | +€39,749 | +23.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €151,815 | €191,564 | +€39,749 | +26.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €149,815 | €189,564 | +€39,749 | +26.5% |
| Amounts payable | 17/49 | €453,898 | €400,432 | -€53,465 | -11.8% |
| Amounts payable within one year | 42/48 | €453,698 | €400,232 | -€53,465 | -11.8% |
| Trade debts | 44 | - | €1,317 | +€1,317 | |
| Suppliers | 440/4 | - | €1,317 | +€1,317 | |
| Taxes, remuneration and social security | 45 | €2,039 | €5,182 | +€3,143 | +154% |
| Taxes | 450/3 | €2,039 | €5,182 | +€3,143 | +154% |
| Other amounts payable | 47/48 | €451,659 | €393,734 | -€57,925 | -12.8% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Non-recurring operating income | 76A | - | €6,566 | +€6,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,699 | €18,190 | -€2,508 | -12.1% |
| Other operating charges | 640/8 | €1,432 | €1,476 | +€44 | +3.1% |
| Gross operating margin | 9900 | €57,373 | €72,401 | +€15,028 | +26.2% |
| Operating profit (loss) | 9901 | €35,242 | €52,735 | +€17,493 | +49.6% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €166 | €139 | -€26 | -15.9% |
| Recurring financial charges | 65 | €166 | €139 | -€26 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €35,077 | €52,602 | +€17,525 | +50.0% |
| Income taxes | 67/77 | €8,770 | €12,853 | +€4,083 | +46.6% |
| Profit (loss) for the period | 9904 | €26,307 | €39,749 | +€13,442 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,307 | €39,749 | +€13,442 | +51.1% |
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 29 October 2026 via checked.be.