DEBRUYNE: 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
DEBRUYNE
NACE 46.869, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €5.4m-€2.3m
Equity
€12.5m
2024 · €11.4m+€1.1m
Cash
€316,659
2024 · €529,787-€213,128
Balance sheet total
€20.8m
2024 · €24.3m-€3.5m
Largest movements
Assets
- Receivables within one year -€5.8m
down €5.8m (-45.5%), from €12.7m to €6.9m
of which Trade receivables: -€5.5m
- Stocks and contracts +€2.3m
up €2.3m (+236.9%), from €986,967 to €3.3m
- Current investments +€543,927
up €543,927 (+21.8%), from €2.5m to €3.0m
- Tangible fixed assets -€455,936
down €455,936 (-6.0%), from €7.6m to €7.2m
Equity and liabilities
- Other debts -€2.7m
down €2.7m (-37.9%), from €7.2m to €4.4m
- Reserves +€1.1m
up €1.1m (+10.6%), from €10.5m to €11.6m
of which Distributable reserves: +€690,060
- Short-term financial debts -€794,532
down €794,532 (-100.0%), from €794,532 to €0
- Current portion of long-term debt -€495,526
down €495,526 (-59.9%), from €827,454 to €331,927
- Debts after one year -€344,758
down €344,758 (-40.0%), from €862,025 to €517,267
of which Financial debts: -€344,758
Income statement
- Turnover -€4.2m
down €4.2m (-13.3%), from €31.7m to €27.5m
- Goods and materials +€1.4m
up €1.4m (+7.8%), from €18.0m to €19.4m
- Taxes -€647,541
down €647,541 (-52.0%), from €1.2m to €597,731
of which Taxes: -€630,722
- Other operating income +€400,931
up €400,931 (+51.6%), from €777,209 to €1.2m
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
€5.4m
Turnover
-€4.2m
Other operating income
+€400,931
Goods and materials
-€1.4m
Services and other goods
-€10,944
Staff costs
-€219,714
Depreciation
-€36,973
Write-downs
+€11,642
Provisions
+€78,000
Other operating charges
-€176,967
Other operating items
+€2.2m
Financial income
+€197,899
Financial charges
+€289,980
Taxes
+€647,541
Result 2025
€3.1m
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.
From operations
+€4.7m
Investment
-€1.3m
Financing
-€3.6m
Cash 2024
€529,787
From operations (derived)
+€4.7m
Net result for the year
+€3.1m
Depreciation
+€1.2m
Stocks and contracts
-€2.3m
Receivables within one year
+€5.8m
Smaller working-capital items
-€3,397
Provisions
-€108,000
Trade debts
-€228,387
Tax, wage and social debts
+€61,079
Other debts
-€2.7m
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€781,024
Current investments
-€543,927
Financing
-€3.6m
Debts after one year
-€344,758
Current portion of long-term debt
-€495,526
Short-term financial debts
-€794,532
Contributions, distributions and other
-€2.0m
Cash 2025
€316,659
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,335,449 | €20,823,993 | -€3.5m | -14.4% |
| Fixed assets | 21/28 | €7,644,631 | €7,233,695 | -€410,936 | -5.4% |
| Tangible fixed assets | 22/27 | €7,644,607 | €7,188,670 | -€455,936 | -6.0% |
| Land and buildings | 22 | €5,246,069 | €5,141,882 | -€104,187 | -2.0% |
| Plant, machinery and equipment | 23 | €1,390,563 | €1,264,100 | -€126,463 | -9.1% |
| Furniture and vehicles | 24 | €349,227 | €318,438 | -€30,789 | -8.8% |
| Leasing and similar rights | 25 | €220,347 | €0 | -€220,347 | -100.0% |
| Other tangible fixed assets | 26 | €93,866 | €50,692 | -€43,174 | -46.0% |
| Assets under construction and advance payments | 27 | €344,535 | €413,558 | +€69,023 | +20.0% |
| Financial fixed assets | 28 | €25 | €45,025 | +€45,000 | +181524.8% |
| Other financial fixed assets | 284/8 | €25 | €45,025 | +€45,000 | +181524.8% |
| Amounts receivable and cash guarantees | 285/8 | €25 | €45,025 | +€45,000 | +181524.8% |
| Current assets | 29/58 | €16,690,817 | €13,590,298 | -€3.1m | -18.6% |
| Stocks and contracts in progress | 3 | €986,967 | €3,325,480 | +€2.3m | +236.9% |
| Stocks | 30/36 | €986,967 | €3,325,480 | +€2.3m | +236.9% |
| Raw materials and consumables | 30/31 | €26,150 | €26,150 | = | 0.0% |
| Work in progress | 32 | €384,563 | €761,214 | +€376,652 | +97.9% |
| Finished goods | 33 | €576,254 | €2,538,116 | +€2.0m | +340.5% |
| Amounts receivable within one year | 40/41 | €12,677,559 | €6,904,324 | -€5.8m | -45.5% |
| Trade receivables | 40 | €11,679,817 | €6,132,654 | -€5.5m | -47.5% |
| Other amounts receivable | 41 | €997,742 | €771,670 | -€226,073 | -22.7% |
| Current investments | 50/53 | €2,496,504 | €3,040,432 | +€543,927 | +21.8% |
| Other investments | 51/53 | €2,496,504 | €3,040,432 | +€543,927 | +21.8% |
| Cash at bank and in hand | 54/58 | €529,787 | €316,659 | -€213,128 | -40.2% |
| Deferred charges and accrued income | 490/1 | - | €3,403 | +€3,403 | |
| Total equity and liabilities | 10/49 | €24,335,449 | €20,823,993 | -€3.5m | -14.4% |
| Equity | 10/15 | €11,425,400 | €12,536,461 | +€1.1m | +9.7% |
| Contributions | 10/11 | €930,000 | €930,000 | = | 0.0% |
| Capital | 10 | €930,000 | €930,000 | = | 0.0% |
| Issued capital | 100 | €930,000 | €930,000 | = | 0.0% |
| Reserves | 13 | €10,495,400 | €11,606,461 | +€1.1m | +10.6% |
| Non-distributable reserves | 130/1 | €93,000 | €93,000 | = | 0.0% |
| Legal reserve | 130 | €93,000 | €93,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,147,064 | €1,568,064 | +€421,000 | +36.7% |
| Distributable reserves | 133 | €9,255,336 | €9,945,397 | +€690,060 | +7.5% |
| Provisions and deferred taxes | 16 | €120,000 | €12,000 | -€108,000 | -90.0% |
| Provisions for liabilities and charges | 160/5 | €120,000 | €12,000 | -€108,000 | -90.0% |
| Environmental obligations | 163 | €120,000 | €12,000 | -€108,000 | -90.0% |
| Amounts payable | 17/49 | €12,790,048 | €8,275,532 | -€4.5m | -35.3% |
| Amounts payable after more than one year | 17 | €862,025 | €517,267 | -€344,758 | -40.0% |
| Financial debts | 170/4 | €861,925 | €517,167 | -€344,758 | -40.0% |
| Leasing and similar obligations | 172 | €12,842 | €0 | -€12,842 | -100.0% |
| Credit institutions | 173 | €849,083 | €517,167 | -€331,917 | -39.1% |
| Other amounts payable | 178/9 | €100 | €100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,928,023 | €7,758,258 | -€4.2m | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €827,454 | €331,927 | -€495,526 | -59.9% |
| Financial debts | 43 | €794,532 | €0 | -€794,532 | -100.0% |
| Credit institutions | 430/8 | €794,532 | €0 | -€794,532 | -100.0% |
| Trade debts | 44 | €3,056,618 | €2,828,232 | -€228,387 | -7.5% |
| Suppliers | 440/4 | €3,056,618 | €2,828,232 | -€228,387 | -7.5% |
| Taxes, remuneration and social security | 45 | €95,086 | €156,165 | +€61,079 | +64.2% |
| Taxes | 450/3 | €10,333 | €13,316 | +€2,983 | +28.9% |
| Remuneration and social security | 454/9 | €84,753 | €142,849 | +€58,096 | +68.5% |
| Other amounts payable | 47/48 | €7,154,333 | €4,441,935 | -€2.7m | -37.9% |
| Accrued charges and deferred income | 492/3 | €0 | €6 | +€6 | |
| Operating income | 70/76A | €32,698,275 | €31,044,104 | -€1.7m | -5.1% |
| Turnover | 70 | €31,731,093 | €27,524,952 | -€4.2m | -13.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €157,830 | €2,338,513 | +€2.2m | +1381.7% |
| Other operating income | 74 | €777,209 | €1,178,140 | +€400,931 | +51.6% |
| Non-recurring operating income | 76A | €32,142 | €2,500 | -€29,642 | -92.2% |
| Operating charges | 60/66A | €25,402,490 | €27,156,794 | +€1.8m | +6.9% |
| Goods for resale, raw materials and consumables | 60 | €17,998,231 | €19,405,846 | +€1.4m | +7.8% |
| Purchases | 600/8 | €17,998,231 | €19,405,846 | +€1.4m | +7.8% |
| Services and other goods | 61 | €5,422,024 | €5,432,967 | +€10,944 | +0.2% |
| Remuneration, social security and pensions | 62 | €790,950 | €1,010,665 | +€219,714 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,154,987 | €1,191,961 | +€36,973 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,821 | -€5,821 | -€11,642 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | -€108,000 | -€78,000 | -260.0% |
| Other operating charges | 640/8 | €51,379 | €228,346 | +€176,967 | +344.4% |
| Non-recurring operating charges | 66A | €9,098 | €831 | -€8,267 | -90.9% |
| Operating profit (loss) | 9901 | €7,295,785 | €3,887,310 | -€3.4m | -46.7% |
| Financial income | 75/76B | €133,865 | €331,764 | +€197,899 | +147.8% |
| Recurring financial income | 75 | €133,865 | €331,764 | +€197,899 | +147.8% |
| Income from financial fixed assets | 750 | €0 | €98 | +€98 | |
| Income from current assets | 751 | €21,583 | €77,288 | +€55,706 | +258.1% |
| Other financial income | 752/9 | €112,283 | €254,378 | +€142,095 | +126.6% |
| Financial charges | 65/66B | €820,262 | €530,283 | -€289,980 | -35.4% |
| Recurring financial charges | 65 | €820,262 | €530,283 | -€289,980 | -35.4% |
| Debt charges | 650 | €466,204 | €342,069 | -€124,135 | -26.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €6,415 | +€6,415 | |
| Other financial charges | 652/9 | €354,058 | €181,799 | -€172,260 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €6,609,388 | €3,688,792 | -€2.9m | -44.2% |
| Income taxes | 67/77 | €1,245,272 | €597,731 | -€647,541 | -52.0% |
| Taxes | 670/3 | €1,253,579 | €622,858 | -€630,722 | -50.3% |
| Tax adjustments and reversals of tax provisions | 77 | €8,307 | €25,126 | +€16,820 | +202.5% |
| Profit (loss) for the period | 9904 | €5,364,115 | €3,091,060 | -€2.3m | -42.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €421,000 | +€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,364,115 | €2,670,060 | -€2.7m | -50.2% |
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 12 October 2026 via checked.be.