DE BRUYN & PARTNERS: 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 & PARTNERS
Largest movements
- Cash -€60,699
down €60,699 (-77.4%), from €78,433 to €17,734
mainly Contributions, distributions and other (-€96,266) and Investment in fixed assets (net) (-€57,505)
- Tangible fixed assets +€51,904
up €51,904 (+12,379%), from €419 to €52,323
of which Furniture and vehicles: +€45,322
- Current investments +€51,638
up €51,638 (+12.6%), from €409,212 to €460,850
- Receivables within one year +€17,208
up €17,208 (+143%), from €12,027 to €29,235
of which Trade receivables: +€19,519
- Other debts +€81,720
up €81,720 (+275%), from €29,766 to €111,486
- Reserves -€29,900
down €29,900 (-8.3%), from €358,549 to €328,649
of which Distributable reserves: -€29,900
- Tax, wage and social debts +€9,657
up €9,657 (+30.7%), from €31,473 to €41,131
- Gross operating margin -€7,825
down €7,825 (-6.9%), from €112,901 to €105,075
- Depreciation +€4,988
up €4,988 (+814%), from €613 to €5,601
- Financial income +€2,981
up €2,981 (+266%), from €1,122 to €4,103
- Taxes -€2,883
down €2,883 (-7.7%), from €37,361 to €34,479
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 | €500,708 | €560,528 | +€59,820 | +11.9% |
| Fixed assets | 21/28 | €419 | €52,323 | +€51,904 | +12,379% |
| Tangible fixed assets | 22/27 | €419 | €52,323 | +€51,904 | +12,379% |
| Land and buildings | 22 | - | €4,617 | +€4,617 | |
| Plant, machinery and equipment | 23 | - | €1,964 | +€1,964 | |
| Furniture and vehicles | 24 | €419 | €45,742 | +€45,322 | +10,810% |
| Current assets | 29/58 | €500,289 | €508,205 | +€7,916 | +1.6% |
| Amounts receivable within one year | 40/41 | €12,027 | €29,235 | +€17,208 | +143% |
| Trade receivables | 40 | €9,716 | €29,235 | +€19,519 | +201% |
| Other amounts receivable | 41 | €2,311 | €0 | -€2,311 | -100% |
| Current investments | 50/53 | €409,212 | €460,850 | +€51,638 | +12.6% |
| Cash at bank and in hand | 54/58 | €78,433 | €17,734 | -€60,699 | -77.4% |
| Deferred charges and accrued income | 490/1 | €617 | €385 | -€231 | -37.5% |
| Total equity and liabilities | 10/49 | €500,708 | €560,528 | +€59,820 | +11.9% |
| Equity | 10/15 | €439,131 | €407,656 | -€31,475 | -7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €358,549 | €328,649 | -€29,900 | -8.3% |
| Tax-exempt reserves | 132 | €8,470 | €8,470 | = | 0.0% |
| Distributable reserves | 133 | €350,079 | €320,179 | -€29,900 | -8.5% |
| Profit (loss) carried forward | 14 | €74,381 | €72,807 | -€1,575 | -2.1% |
| Amounts payable | 17/49 | €61,578 | €152,872 | +€91,294 | +148% |
| Amounts payable within one year | 42/48 | €61,578 | €152,872 | +€91,294 | +148% |
| Financial debts | 43 | €50 | €36 | -€14 | -27.4% |
| Credit institutions | 430/8 | €50 | €36 | -€14 | -27.4% |
| Trade debts | 44 | €288 | €219 | -€70 | -24.2% |
| Suppliers | 440/4 | €288 | €219 | -€70 | -24.2% |
| Taxes, remuneration and social security | 45 | €31,473 | €41,131 | +€9,657 | +30.7% |
| Taxes | 450/3 | €31,473 | €41,131 | +€9,657 | +30.7% |
| Other amounts payable | 47/48 | €29,766 | €111,486 | +€81,720 | +275% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €613 | €5,601 | +€4,988 | +814% |
| Other operating charges | 640/8 | €1,602 | €1,647 | +€45 | +2.8% |
| Gross operating margin | 9900 | €112,901 | €105,075 | -€7,825 | -6.9% |
| Operating profit (loss) | 9901 | €110,686 | €97,828 | -€12,858 | -11.6% |
| Financial income | 75/76B | €1,122 | €4,103 | +€2,981 | +266% |
| Recurring financial income | 75 | €1,122 | €4,103 | +€2,981 | +266% |
| Financial charges | 65/66B | €1,985 | €2,661 | +€677 | +34.1% |
| Recurring financial charges | 65 | €1,985 | €2,661 | +€677 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €109,823 | €99,270 | -€10,553 | -9.6% |
| Income taxes | 67/77 | €37,361 | €34,479 | -€2,883 | -7.7% |
| Profit (loss) for the period | 9904 | €72,462 | €64,791 | -€7,670 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,462 | €64,791 | -€7,670 | -10.6% |
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 23 October 2026 via checked.be.