DE BRUYNE BART: 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 BART
Largest movements
- Cash +€217,482
up €217,482 (+222.1%), from €97,930 to €315,411
mainly Net result for the year (+€141,932) and Current investments (+€132,118)
- Current investments -€132,118
down €132,118 (-33.9%), from €389,613 to €257,495
- Receivables within one year +€65,990
up €65,990 (+115671.1%), from €57 to €66,047
of which Trade receivables: +€65,998
- Tangible fixed assets +€20,252
up €20,252, from €0 to €20,252
- Reserves +€141,932
up €141,932 (+32.0%), from €443,529 to €585,461
- Tax, wage and social debts +€26,278
up €26,278 (+130.2%), from €20,181 to €46,459
- Taxes +€11,817
up €11,817 (+27.1%), from €43,634 to €55,451
- Gross operating margin +€9,692
up €9,692 (+5.4%), from €180,939 to €190,631
- Financial income +€9,152
up €9,152 (+88.0%), from €10,404 to €19,556
- Financial charges +€7,610
up €7,610, from -€1,243 to €6,367
of which Financial charges: +€5,786
- Depreciation +€2,856
up €2,856 (+379.5%), from €753 to €3,609
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 | €488,076 | €659,998 | +€171,922 | +35.2% |
| Fixed assets | 21/28 | €0 | €20,252 | +€20,252 | |
| Tangible fixed assets | 22/27 | €0 | €20,252 | +€20,252 | |
| Furniture and vehicles | 24 | €0 | €20,252 | +€20,252 | |
| Current assets | 29/58 | €488,076 | €639,746 | +€151,670 | +31.1% |
| Amounts receivable within one year | 40/41 | €57 | €66,047 | +€65,990 | +115671.1% |
| Trade receivables | 40 | €14 | €66,012 | +€65,998 | +475491.1% |
| Other amounts receivable | 41 | €43 | €35 | -€8 | -18.1% |
| Current investments | 50/53 | €389,613 | €257,495 | -€132,118 | -33.9% |
| Cash at bank and in hand | 54/58 | €97,930 | €315,411 | +€217,482 | +222.1% |
| Deferred charges and accrued income | 490/1 | €476 | €792 | +€316 | +66.3% |
| Total equity and liabilities | 10/49 | €488,076 | €659,998 | +€171,922 | +35.2% |
| Equity | 10/15 | €463,529 | €605,461 | +€141,932 | +30.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €443,529 | €585,461 | +€141,932 | +32.0% |
| Distributable reserves | 133 | €443,529 | €585,461 | +€141,932 | +32.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,547 | €54,537 | +€29,991 | +122.2% |
| Amounts payable within one year | 42/48 | €24,350 | €54,278 | +€29,928 | +122.9% |
| Financial debts | 43 | €215 | €593 | +€377 | +175.2% |
| Credit institutions | 430/8 | €215 | €593 | +€377 | +175.2% |
| Trade debts | 44 | €1,095 | €496 | -€599 | -54.7% |
| Suppliers | 440/4 | €1,095 | €496 | -€599 | -54.7% |
| Taxes, remuneration and social security | 45 | €20,181 | €46,459 | +€26,278 | +130.2% |
| Taxes | 450/3 | €20,181 | €46,459 | +€26,278 | +130.2% |
| Other amounts payable | 47/48 | €2,858 | €6,731 | +€3,873 | +135.5% |
| Accrued charges and deferred income | 492/3 | €196 | €259 | +€62 | +31.8% |
| Non-recurring operating income | 76A | - | €9,143 | +€9,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €753 | €3,609 | +€2,856 | +379.5% |
| Other operating charges | 640/8 | €2,876 | €2,830 | -€47 | -1.6% |
| Gross operating margin | 9900 | €180,939 | €190,631 | +€9,692 | +5.4% |
| Operating profit (loss) | 9901 | €177,310 | €184,193 | +€6,882 | +3.9% |
| Financial income | 75/76B | €10,404 | €19,556 | +€9,152 | +88.0% |
| Recurring financial income | 75 | €10,404 | €19,556 | +€9,152 | +88.0% |
| Financial charges | 65/66B | -€1,243 | €6,367 | +€7,610 | |
| Recurring financial charges | 65 | -€1,243 | €4,543 | +€5,786 | |
| Non-recurring financial charges | 66B | - | €1,824 | +€1,824 | |
| Profit (loss) for the period before taxes | 9903 | €188,958 | €197,382 | +€8,424 | +4.5% |
| Income taxes | 67/77 | €43,634 | €55,451 | +€11,817 | +27.1% |
| Profit (loss) for the period | 9904 | €145,324 | €141,932 | -€3,392 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €145,324 | €141,932 | -€3,392 | -2.3% |
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 9 October 2026 via checked.be.