DE BRUYNE: what changed
Two fiscal 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 BRUYNE
Largest movements
- Receivables within one year +€73,518
up €73,518 (+10.3%), from €716,354 to €789,873
of which Trade receivables: +€73,518
- Cash -€47,195
down €47,195 (-57.0%), from €82,853 to €35,659
mainly Receivables within one year (-€73,518) and Debts after one year (-€20,217)
- Tangible fixed assets -€21,078
down €21,078 (-8.8%), from €239,307 to €218,230
of which Land and buildings: -€17,345
- Reserves +€37,747
up €37,747 (+43.2%), from €87,464 to €125,211
- Debts after one year -€20,217
down €20,217 (-17.5%), from €115,792 to €95,575
of which Financial debts: -€20,217
- Other debts -€15,670
down €15,670 (-54.6%), from €28,697 to €13,028
- Tax, wage and social debts +€12,127
up €12,127 (+207.2%), from €5,853 to €17,980
- Trade debts -€11,632
down €11,632 (-1.6%), from €740,262 to €728,631
- Depreciation -€10,851
down €10,851 (-34.0%), from €31,928 to €21,078
- Gross operating margin +€7,030
up €7,030 (+7.3%), from €96,827 to €103,857
- Taxes +€4,975
up €4,975 (+32.7%), from €15,210 to €20,185
- Financial charges -€2,683
down €2,683 (-31.9%), from €8,407 to €5,724
- Other operating charges -€1,376
down €1,376 (-18.4%), from €7,490 to €6,113
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.
Cash bridge derived
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 | €1,066,599 | €1,069,234 | +€2,635 | +0.2% |
| Fixed assets | 21/28 | €258,539 | €237,461 | -€21,078 | -8.2% |
| Tangible fixed assets | 22/27 | €239,307 | €218,230 | -€21,078 | -8.8% |
| Land and buildings | 22 | €235,574 | €218,230 | -€17,345 | -7.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,733 | €0 | -€3,733 | -100.0% |
| Financial fixed assets | 28 | €19,231 | €19,231 | = | 0.0% |
| Current assets | 29/58 | €808,060 | €831,773 | +€23,712 | +2.9% |
| Stocks and contracts in progress | 3 | €8,853 | €6,242 | -€2,611 | -29.5% |
| Stocks | 30/36 | €8,853 | €6,242 | -€2,611 | -29.5% |
| Amounts receivable within one year | 40/41 | €716,354 | €789,873 | +€73,518 | +10.3% |
| Trade receivables | 40 | €716,354 | €789,873 | +€73,518 | +10.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €82,853 | €35,659 | -€47,195 | -57.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,066,599 | €1,069,234 | +€2,635 | +0.2% |
| Equity | 10/15 | €106,056 | €143,803 | +€37,747 | +35.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €87,464 | €125,211 | +€37,747 | +43.2% |
| Distributable reserves | 133 | €87,464 | €125,211 | +€37,747 | +43.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €960,543 | €925,430 | -€35,112 | -3.7% |
| Amounts payable after more than one year | 17 | €115,792 | €95,575 | -€20,217 | -17.5% |
| Financial debts | 170/4 | €96,792 | €76,575 | -€20,217 | -20.9% |
| Other amounts payable | 178/9 | €19,000 | €19,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €844,751 | €829,855 | -€14,896 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €19,938 | €20,217 | +€279 | +1.4% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €740,262 | €728,631 | -€11,632 | -1.6% |
| Suppliers | 440/4 | €740,262 | €728,631 | -€11,632 | -1.6% |
| Taxes, remuneration and social security | 45 | €5,853 | €17,980 | +€12,127 | +207.2% |
| Taxes | 450/3 | €5,853 | €17,980 | +€12,127 | +207.2% |
| Other amounts payable | 47/48 | €28,697 | €13,028 | -€15,670 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,928 | €21,078 | -€10,851 | -34.0% |
| Other operating charges | 640/8 | €7,490 | €6,113 | -€1,376 | -18.4% |
| Gross operating margin | 9900 | €96,827 | €103,857 | +€7,030 | +7.3% |
| Operating profit (loss) | 9901 | €57,409 | €76,666 | +€19,258 | +33.5% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €8,407 | €5,724 | -€2,683 | -31.9% |
| Recurring financial charges | 65 | €8,407 | €5,724 | -€2,683 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €49,002 | €70,960 | +€21,959 | +44.8% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €15,210 | €20,185 | +€4,975 | +32.7% |
| Profit (loss) for the period | 9904 | €33,791 | €50,775 | +€16,984 | +50.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €33,791 | €50,775 | +€16,984 | +50.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.