De Bruyne: 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 Bruyne
Largest movements
- Tangible fixed assets +€134,170
up €134,170 (+528%), from €25,431 to €159,601
of which Other tangible fixed assets: +€130,058
- Cash -€87,825
down €87,825 (-26.6%), from €329,972 to €242,147
mainly Investment in fixed assets (net) (-€146,295) and Contributions, distributions and other (-€46,400)
- Current investments -€52,229
down €52,229 (-100%), from €52,229 to €0
- Receivables within one year -€45,320
down €45,320 (-71.2%), from €63,676 to €18,356
of which Other amounts receivable: -€50,000
- Other debts -€42,147
down €42,147 (-13.3%), from €317,134 to €274,987
- Advances received -€7,415
down €7,415 (-35.4%), from €20,937 to €13,522
- Trade debts -€7,121
down €7,121 (-12.1%), from €58,689 to €51,568
- Gross operating margin +€30,433
up €30,433 (+82.8%), from €36,751 to €67,184
- Depreciation +€3,443
up €3,443 (+39.7%), from €8,682 to €12,125
- Financial charges +€1,938
up €1,938 (+4,192%), from €46 to €1,984
- Financial income -€1,411
down €1,411 (-32.8%), from €4,305 to €2,894
- Taxes +€880
up €880 (+13.3%), from €6,620 to €7,499
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 | €474,590 | €421,783 | -€52,807 | -11.1% |
| Fixed assets | 21/28 | €25,431 | €159,601 | +€134,170 | +528% |
| Tangible fixed assets | 22/27 | €25,431 | €159,601 | +€134,170 | +528% |
| Furniture and vehicles | 24 | €13,668 | €17,781 | +€4,113 | +30.1% |
| Other tangible fixed assets | 26 | €11,763 | €141,820 | +€130,058 | +1,106% |
| Current assets | 29/58 | €449,160 | €262,182 | -€186,978 | -41.6% |
| Amounts receivable within one year | 40/41 | €63,676 | €18,356 | -€45,320 | -71.2% |
| Trade receivables | 40 | €8,834 | €13,514 | +€4,680 | +53.0% |
| Other amounts receivable | 41 | €54,842 | €4,842 | -€50,000 | -91.2% |
| Current investments | 50/53 | €52,229 | €0 | -€52,229 | -100% |
| Cash at bank and in hand | 54/58 | €329,972 | €242,147 | -€87,825 | -26.6% |
| Deferred charges and accrued income | 490/1 | €3,283 | €1,679 | -€1,604 | -48.9% |
| Total equity and liabilities | 10/49 | €474,590 | €421,783 | -€52,807 | -11.1% |
| Equity | 10/15 | €77,793 | €78,595 | +€801 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €540 | €2,900 | +€2,360 | +437% |
| Non-distributable reserves | 130/1 | - | €2,360 | +€2,360 | |
| Legal reserve | 130 | - | €2,360 | +€2,360 | |
| Tax-exempt reserves | 132 | €540 | €540 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €15,253 | €13,695 | -€1,559 | -10.2% |
| Amounts payable | 17/49 | €396,797 | €343,188 | -€53,609 | -13.5% |
| Amounts payable within one year | 42/48 | €396,760 | €342,073 | -€54,687 | -13.8% |
| Trade debts | 44 | €58,689 | €51,568 | -€7,121 | -12.1% |
| Suppliers | 440/4 | €58,689 | €51,568 | -€7,121 | -12.1% |
| Advances received on contracts in progress | 46 | €20,937 | €13,522 | -€7,415 | -35.4% |
| Taxes, remuneration and social security | 45 | €0 | €1,995 | +€1,995 | |
| Taxes | 450/3 | €0 | €1,995 | +€1,995 | |
| Other amounts payable | 47/48 | €317,134 | €274,987 | -€42,147 | -13.3% |
| Accrued charges and deferred income | 492/3 | €37 | €1,116 | +€1,079 | +2,915% |
| Non-recurring operating income | 76A | €3,500 | €0 | -€3,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,682 | €12,125 | +€3,443 | +39.7% |
| Other operating charges | 640/8 | €1,155 | €1,269 | +€114 | +9.8% |
| Gross operating margin | 9900 | €36,751 | €67,184 | +€30,433 | +82.8% |
| Operating profit (loss) | 9901 | €26,914 | €53,791 | +€26,877 | +99.9% |
| Financial income | 75/76B | €4,305 | €2,894 | -€1,411 | -32.8% |
| Recurring financial income | 75 | €4,305 | €2,894 | -€1,411 | -32.8% |
| Financial charges | 65/66B | €46 | €1,984 | +€1,938 | +4,192% |
| Recurring financial charges | 65 | €46 | €1,984 | +€1,938 | +4,192% |
| Profit (loss) for the period before taxes | 9903 | €31,173 | €54,701 | +€23,528 | +75.5% |
| Income taxes | 67/77 | €6,620 | €7,499 | +€880 | +13.3% |
| Profit (loss) for the period | 9904 | €24,553 | €47,201 | +€22,648 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,553 | €47,201 | +€22,648 | +92.2% |
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 16 October 2026 via checked.be.