DE BRUYN MAJA: 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 MAJA
Largest movements
- Stocks and contracts -€10,271
down €10,271 (-6.0%), from €171,812 to €161,542
- Tangible fixed assets -€7,848
down €7,848 (-4.2%), from €188,733 to €180,885
of which Land and buildings: -€6,786
- Debts after one year -€17,291
down €17,291 (-12.8%), from €134,584 to €117,293
- Short-term financial debts +€11,530
up €11,530 (+47.2%), from €24,406 to €35,936
- Other debts -€7,804
down €7,804 (-20.1%), from €38,869 to €31,065
- Trade debts -€7,467
down €7,467 (-15.3%), from €48,770 to €41,303
- Reserves +€5,534
up €5,534 (+6.5%), from €84,859 to €90,393
- Gross operating margin -€19,772
down €19,772 (-18.0%), from €109,721 to €89,949
- Staff costs -€3,951
down €3,951 (-6.7%), from €58,782 to €54,832
- Financial charges -€1,392
down €1,392 (-10.8%), from €12,937 to €11,545
- Taxes -€1,330
down €1,330 (-29.3%), from €4,532 to €3,202
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 | €381,357 | €359,945 | -€21,413 | -5.6% |
| Fixed assets | 21/28 | €188,733 | €180,885 | -€7,848 | -4.2% |
| Tangible fixed assets | 22/27 | €188,733 | €180,885 | -€7,848 | -4.2% |
| Land and buildings | 22 | €184,404 | €177,618 | -€6,786 | -3.7% |
| Furniture and vehicles | 24 | €4,329 | €3,267 | -€1,062 | -24.5% |
| Current assets | 29/58 | €192,624 | €179,059 | -€13,565 | -7.0% |
| Stocks and contracts in progress | 3 | €171,812 | €161,542 | -€10,271 | -6.0% |
| Stocks | 30/36 | €171,812 | €161,542 | -€10,271 | -6.0% |
| Amounts receivable within one year | 40/41 | €2,241 | €1,349 | -€892 | -39.8% |
| Trade receivables | 40 | €2,241 | €1,123 | -€1,118 | -49.9% |
| Other amounts receivable | 41 | - | €226 | +€226 | |
| Cash at bank and in hand | 54/58 | €12,734 | €11,925 | -€809 | -6.4% |
| Deferred charges and accrued income | 490/1 | €5,837 | €4,244 | -€1,593 | -27.3% |
| Total equity and liabilities | 10/49 | €381,357 | €359,945 | -€21,413 | -5.6% |
| Equity | 10/15 | €97,259 | €102,793 | +€5,534 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €84,859 | €90,393 | +€5,534 | +6.5% |
| Distributable reserves | 133 | €84,859 | €90,393 | +€5,534 | +6.5% |
| Amounts payable | 17/49 | €284,099 | €257,152 | -€26,947 | -9.5% |
| Amounts payable after more than one year | 17 | €134,584 | €117,293 | -€17,291 | -12.8% |
| Financial debts | 170/4 | €134,584 | €117,293 | -€17,291 | -12.8% |
| Amounts payable within one year | 42/48 | €145,426 | €137,304 | -€8,122 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €17,817 | €17,291 | -€526 | -3.0% |
| Financial debts | 43 | €24,406 | €35,936 | +€11,530 | +47.2% |
| Credit institutions | 430/8 | €24,406 | €35,936 | +€11,530 | +47.2% |
| Trade debts | 44 | €48,770 | €41,303 | -€7,467 | -15.3% |
| Suppliers | 440/4 | €48,770 | €41,303 | -€7,467 | -15.3% |
| Taxes, remuneration and social security | 45 | €15,564 | €11,709 | -€3,855 | -24.8% |
| Taxes | 450/3 | €6,362 | €1,735 | -€4,627 | -72.7% |
| Remuneration and social security | 454/9 | €9,202 | €9,974 | +€772 | +8.4% |
| Other amounts payable | 47/48 | €38,869 | €31,065 | -€7,804 | -20.1% |
| Accrued charges and deferred income | 492/3 | €4,089 | €2,555 | -€1,534 | -37.5% |
| Remuneration, social security and pensions | 62 | €58,782 | €54,832 | -€3,951 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,984 | €11,799 | -€185 | -1.5% |
| Other operating charges | 640/8 | €2,308 | €2,280 | -€29 | -1.2% |
| Gross operating margin | 9900 | €109,721 | €89,949 | -€19,772 | -18.0% |
| Operating profit (loss) | 9901 | €36,646 | €21,039 | -€15,607 | -42.6% |
| Financial income | 75/76B | €84 | €75 | -€9 | -10.6% |
| Recurring financial income | 75 | €84 | €75 | -€9 | -10.6% |
| Financial charges | 65/66B | €12,937 | €11,545 | -€1,392 | -10.8% |
| Recurring financial charges | 65 | €12,937 | €11,545 | -€1,392 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €23,793 | €9,569 | -€14,224 | -59.8% |
| Income taxes | 67/77 | €4,532 | €3,202 | -€1,330 | -29.3% |
| Profit (loss) for the period | 9904 | €19,261 | €6,367 | -€12,894 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,261 | €6,367 | -€12,894 | -66.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.