DE BRUYN - D 'AES: 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 - D 'AES
Largest movements
- Receivables within one year +€7,761
up €7,761 (+1,191%), from €652 to €8,413
- Cash +€5,145
up €5,145 (+23.1%), from €22,299 to €27,445
mainly Net result for the year (+€7,068) and Stocks and contracts (+€3,275)
- Stocks and contracts -€3,275
down €3,275 (-50.8%), from €6,442 to €3,167
- Tangible fixed assets -€2,310
down €2,310 (-27.2%), from €8,505 to €6,195
of which Furniture and vehicles: -€2,200
- Reserves +€7,068
up €7,068 (+48.0%), from €14,720 to €21,788
of which Distributable reserves: +€7,068
- Gross operating margin +€15,450
up €15,450, from -€2,474 to €12,976
- Other operating charges -€281
down €281 (-7.5%), from €3,734 to €3,453
- Financial income +€131
up €131 (+125%), from €105 to €235
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 | €37,898 | €45,221 | +€7,322 | +19.3% |
| Fixed assets | 21/28 | €8,505 | €6,195 | -€2,310 | -27.2% |
| Tangible fixed assets | 22/27 | €8,505 | €6,195 | -€2,310 | -27.2% |
| Plant, machinery and equipment | 23 | €438 | €329 | -€110 | -25.0% |
| Furniture and vehicles | 24 | €8,067 | €5,867 | -€2,200 | -27.3% |
| Current assets | 29/58 | €29,393 | €39,025 | +€9,632 | +32.8% |
| Stocks and contracts in progress | 3 | €6,442 | €3,167 | -€3,275 | -50.8% |
| Stocks | 30/36 | €6,442 | €3,167 | -€3,275 | -50.8% |
| Amounts receivable within one year | 40/41 | €652 | €8,413 | +€7,761 | +1,191% |
| Other amounts receivable | 41 | €652 | €8,413 | +€7,761 | +1,191% |
| Cash at bank and in hand | 54/58 | €22,299 | €27,445 | +€5,145 | +23.1% |
| Total equity and liabilities | 10/49 | €37,898 | €45,221 | +€7,322 | +19.3% |
| Equity | 10/15 | €33,320 | €40,388 | +€7,068 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,720 | €21,788 | +€7,068 | +48.0% |
| Tax-exempt reserves | 132 | €306 | €306 | = | 0.0% |
| Distributable reserves | 133 | €14,415 | €21,482 | +€7,068 | +49.0% |
| Amounts payable | 17/49 | €4,578 | €4,833 | +€254 | +5.6% |
| Amounts payable within one year | 42/48 | €4,578 | €4,833 | +€254 | +5.6% |
| Trade debts | 44 | €3,453 | €3,404 | -€49 | -1.4% |
| Suppliers | 440/4 | €3,453 | €3,404 | -€49 | -1.4% |
| Taxes, remuneration and social security | 45 | €1,125 | €1,428 | +€304 | +27.0% |
| Taxes | 450/3 | €1,125 | €1,428 | +€304 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €2,310 | = | 0.0% |
| Other operating charges | 640/8 | €3,734 | €3,453 | -€281 | -7.5% |
| Gross operating margin | 9900 | -€2,474 | €12,976 | +€15,450 | |
| Operating profit (loss) | 9901 | -€8,518 | €7,213 | +€15,731 | |
| Financial income | 75/76B | €105 | €235 | +€131 | +125% |
| Recurring financial income | 75 | €105 | €235 | +€131 | +125% |
| Financial charges | 65/66B | €233 | €240 | +€6 | +2.7% |
| Recurring financial charges | 65 | €233 | €240 | +€6 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,647 | €7,209 | +€15,856 | |
| Income taxes | 67/77 | €148 | €141 | -€6 | -4.3% |
| Profit (loss) for the period | 9904 | -€8,794 | €7,068 | +€15,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,794 | €7,068 | +€15,862 |
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 21 October 2026 via checked.be.