DE BRUYN & ZONEN: 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.
What changed
DE BRUYN & ZONEN
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€259,284
2024 · €329,142-€69,858
Equity
€2.2m
2024 · €2.0m+€146,344
Cash
€860,907
2024 · €899,557-€38,650
Balance sheet total
€3.9m
2024 · €3.9m+€65,121
Largest movements
Assets
- Receivables within one year +€95,387
up €95,387 (+8.4%), from €1.1m to €1.2m
of which Other amounts receivable: +€70,592
Equity and liabilities
- Other debts -€201,450
down €201,450 (-93.9%), from €214,636 to €13,186
- Reserves +€146,344
up €146,344 (+7.3%), from €2.0m to €2.2m
- Tax, wage and social debts +€71,384
up €71,384 (+68.8%), from €103,806 to €175,190
of which Remuneration and social security: +€71,654
- Debts after one year +€67,996
up €67,996 (+14.5%), from €468,791 to €536,787
- Short-term financial debts +€60,187
up €60,187 (+68.6%), from €87,689 to €147,876
Income statement
- Gross operating margin +€172,792
up €172,792 (+10.3%), from €1.7m to €1.8m
- Staff costs +€132,465
up €132,465 (+12.5%), from €1.1m to €1.2m
- Depreciation +€69,920
up €69,920 (+44.8%), from €155,950 to €225,870
- Taxes +€28,370
up €28,370 (+30.2%), from €94,035 to €122,405
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.
Result 2024
€329,142
Gross operating margin
+€172,792
Staff costs
-€132,465
Depreciation
-€69,920
Other operating charges
-€3,803
Financial income
+€3,947
Financial charges
-€12,039
Taxes
-€28,370
Result 2025
€259,284
raises the resultlowers the result
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.
From operations
+€203,230
Investment
-€229,485
Financing
-€12,395
Cash 2024
€899,557
From operations (derived)
+€203,230
Net result for the year
+€259,284
Depreciation
+€225,870
Stocks and contracts
+€4,229
Receivables within one year
-€95,387
Deferred charges and accrued income
-€8,998
Trade debts
-€51,701
Tax, wage and social debts
+€71,384
Other debts
-€201,450
Investment (derived)
-€229,485
Investment in fixed assets (net)
-€237,077
Current investments
+€7,593
Financing
-€12,395
Debts after one year
+€67,996
Current portion of long-term debt
-€27,639
Short-term financial debts
+€60,187
Contributions, distributions and other
-€112,940
Cash 2025
€860,907
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,869,866 | €3,934,987 | +€65,121 | +1.7% |
| Fixed assets | 21/28 | €906,343 | €917,550 | +€11,208 | +1.2% |
| Tangible fixed assets | 22/27 | €906,274 | €917,482 | +€11,208 | +1.2% |
| Land and buildings | 22 | €285,658 | €365,370 | +€79,712 | +27.9% |
| Plant, machinery and equipment | 23 | €530,655 | €408,409 | -€122,246 | -23.0% |
| Furniture and vehicles | 24 | €89,961 | €143,703 | +€53,742 | +59.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €2,963,523 | €3,017,437 | +€53,914 | +1.8% |
| Stocks and contracts in progress | 3 | €472,681 | €468,452 | -€4,229 | -0.9% |
| Stocks | 30/36 | €472,681 | €468,452 | -€4,229 | -0.9% |
| Amounts receivable within one year | 40/41 | €1,133,592 | €1,228,978 | +€95,387 | +8.4% |
| Trade receivables | 40 | €1,065,282 | €1,090,076 | +€24,794 | +2.3% |
| Other amounts receivable | 41 | €68,310 | €138,902 | +€70,592 | +103% |
| Current investments | 50/53 | €454,000 | €446,407 | -€7,593 | -1.7% |
| Cash at bank and in hand | 54/58 | €899,557 | €860,907 | -€38,650 | -4.3% |
| Deferred charges and accrued income | 490/1 | €3,693 | €12,692 | +€8,998 | +244% |
| Total equity and liabilities | 10/49 | €3,869,866 | €3,934,987 | +€65,121 | +1.7% |
| Equity | 10/15 | €2,024,720 | €2,171,064 | +€146,344 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,006,120 | €2,152,464 | +€146,344 | +7.3% |
| Distributable reserves | 133 | €2,006,120 | €2,152,464 | +€146,344 | +7.3% |
| Amounts payable | 17/49 | €1,845,145 | €1,763,923 | -€81,223 | -4.4% |
| Amounts payable after more than one year | 17 | €468,791 | €536,787 | +€67,996 | +14.5% |
| Financial debts | 170/4 | €468,791 | €536,787 | +€67,996 | +14.5% |
| Amounts payable within one year | 42/48 | €1,376,355 | €1,227,136 | -€149,219 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €352,899 | €325,260 | -€27,639 | -7.8% |
| Financial debts | 43 | €87,689 | €147,876 | +€60,187 | +68.6% |
| Other loans | 439 | €87,689 | €147,876 | +€60,187 | +68.6% |
| Trade debts | 44 | €617,324 | €565,623 | -€51,701 | -8.4% |
| Suppliers | 440/4 | €617,324 | €565,623 | -€51,701 | -8.4% |
| Taxes, remuneration and social security | 45 | €103,806 | €175,190 | +€71,384 | +68.8% |
| Taxes | 450/3 | €21,830 | €21,559 | -€270 | -1.2% |
| Remuneration and social security | 454/9 | €81,977 | €153,631 | +€71,654 | +87.4% |
| Other amounts payable | 47/48 | €214,636 | €13,186 | -€201,450 | -93.9% |
| Non-recurring operating income | 76A | €11,000 | €2,893 | -€8,107 | -73.7% |
| Remuneration, social security and pensions | 62 | €1,062,617 | €1,195,082 | +€132,465 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,950 | €225,870 | +€69,920 | +44.8% |
| Other operating charges | 640/8 | €16,343 | €20,146 | +€3,803 | +23.3% |
| Gross operating margin | 9900 | €1,669,492 | €1,842,284 | +€172,792 | +10.3% |
| Operating profit (loss) | 9901 | €434,582 | €401,186 | -€33,396 | -7.7% |
| Financial income | 75/76B | €21,247 | €25,194 | +€3,947 | +18.6% |
| Recurring financial income | 75 | €21,247 | €25,194 | +€3,947 | +18.6% |
| Financial charges | 65/66B | €32,652 | €44,692 | +€12,039 | +36.9% |
| Recurring financial charges | 65 | €32,652 | €44,692 | +€12,039 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €423,177 | €381,689 | -€41,489 | -9.8% |
| Income taxes | 67/77 | €94,035 | €122,405 | +€28,370 | +30.2% |
| Profit (loss) for the period | 9904 | €329,142 | €259,284 | -€69,858 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €329,142 | €259,284 | -€69,858 | -21.2% |
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 1 November 2026 via checked.be.